As of 10 am ET 11/20/2024, here are the highest rates from this week at either Charles Schwab brokerage and/or Vanguard brokerage for non-callable, new-issue brokered CDs with terms of 1-month, 3-month, 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year:
1-month: 4.55% (ConnectOne Bank NJ)
3-month: 4.55% (Glens Falls National Bank and Trust Company NY)
6-month: 4.45% (State Bank of India NY)
9-month: 4.35% (Bradesco Bank FL)
1-year: 4.30% (State Bank of India NY)
18-month: 4.20% (MSB, MSPB)
2-year: 4.15% (MSB, MSPB)
3-year: 4.10% (Ally Bank UT, Texas Exchange Bank TX - monthly, MSB, MSPB)
4-year: 4.10% (Texas Exchange Bank TX – monthly), 4.05% (BMW Bank of North America UT, First Bank of the Lake MO - monthly, MSB, MSPB, UBS - monthly)
5-year: 4.10% (First Citizens State Bank WI – monthly), 4.05% (First Bank of the Lake MO – monthly, UBS – monthly)
Large issuers abbreviations:
BofA => Bank of America, NC; GSB => Goldman Sachs Bank USA, NY;
MSB => Morgan Stanley Bank, UT; MSPB => Morgan Stanley Private Bank, NY;
SCHW => Charles Schwab Bank, TX; UBS => UBS Bank USA, UT; WF=> Wells Fargo Bank, SD.
Notes: For those staying liquid, here are the previous ten weekly 4-week T-bill auctions most recently yielding investment rates: 4.589%, 4.594%, 4.660%, 4.732%, 4.783%, 4.834%, 4.839%, 4.783%, 4.783%, 5.053%.
As of November 13, 2024, ICI reported to the Federal Reserve that $6.67 trillion of cash is parked in money market funds. This is an increase of $81.59 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.59%, VUSXX 4.60%, VMRXX 4.61%).