As of 10am ET 11/27/2024, 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, 5-year and 6-year:
1-month: 4.60% (Cross River Bank NJ, Five Star Bank CA)
3-month: 4.50% (Bangor Savings Bank ME, Beal Bank TX, Beal Bank USA NV, Kennebec Savings Bank ME, Republic Bank & Trust Company KY, Simmons Bank AR, WebBank UT)
6-month: 4.45% (HomeTrust Bank NC, PCB Bank CA)
9-month: 4.40% (EH National Bank CA - monthly, TCM Bank NA FL), 4.35% (Northern Bank & Trust Company MA)
1-year: 4.30% (Beal Bank TX, PCB Bank CA, Santander Bank NA DE, Simmons Bank AR)
18-month: 4.20% (MSB, MSPB)
2-year: 4.15% (First Federal Bank FL - quarterly, MSB, MSPB)
3-year: 4.15% (First National Bank of McGregor TX – monthly), 4.10% (BMW Bank of North America UT, Main Street Bank MA, MSB, MSPB, UBS - monthly)
4-year: 4.05% (Main Street Bank MA, MSB, MSPB, Texas Exchange Bank TX – monthly, UBS - monthly)
5-year: 4.10% (State Bank of India Chicago IL) 4.05% (BayVanguard Bank MD, UBS – monthly)
6-year: 4.30% (State Bank of India Chicago IL)
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: 4.609%, 4.589%, 4.594%, 4.660%, 4.732%, 4.783%, 4.834%, 4.839%, 4.783%, 4.783%.
As of November 20, 2024, ICI reported to the Federal Reserve that $6.65 trillion of cash is parked in money market funds. This is a decrease of $22.21 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.58%, VUSXX 4.57%, VMRXX 4.59%).