As of 11am ET 12/04/2024, 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, 6-year and 8-year:
1-month: 4.50% (Bank OZK AR, WebBank UT)
3-month: 4.55% (The First Bank MS)
6-month: 4.45% (State Bank of India Chicago IL)
9-month: 4.45% (First National Bank of Omaha NE)
1-year: 4.30% (Barclays Bank DE, Commercial Bank of California CA)
18-month: 4.20% (Live Oak Banking Company NC – monthly, Optum Bank Inc. UT, Northwest Bank PA)
2-year: 4.20% (State Bank of India NY)
3-year: 4.10% (BMW Bank of North America UT, First National Bank ME - monthly, UBS – monthly)
4-year: 4.05% (Optum Bank Inc. UT, UBS – monthly)
5-year: 4.05% (BayVanguard Bank MD, Optum Bank Inc. UT, UBS – monthly)
6-year: 4.15% (Celtic Bank UT – monthly)
8-year: 4.15% (Celtic Bank UT – 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: 4.630%, 4.609%, 4.589%, 4.594%, 4.660%, 4.732%, 4.783%, 4.834%, 4.839%, 4.783%.
As of November 26, 2024, ICI reported to the Federal Reserve that $6.68 trillion of cash is parked in money market funds. This is an increase of $26.77 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.57%, VUSXX 4.55%, VMRXX 4.58%).