As of 2 pm ET 01/09/2025, 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 10-year:
1-month: 4.25% (Beal Bank TX, ConnectOne Bank NJ), 4.20% (Bangor Savings Bank ME, Encore Bank AR, PeoplesBank MA)
3-month: 4.20% (Ameris Bank GA, Machias Savings Bank ME, Merchants Bank of Indiana IN, Northpointe Bank MI, Open Bank CA - monthly)
6-month: 4.20% (Mizrahi Tefahot Bank CA, Santander Bank NA DE), 4.15% (Investar Bank NA LA – monthly, Live Oak Banking Company NC - monthly)
9-month: 4.15% (BofA), 4.10% (Investar Bank NA LA – monthly, Live Oak Banking Company NC - monthly)
1-year: 4.10% (BofA, Dogwood State Bank NC – monthly, First National Bank ME – monthly, Northeast Bank ME, NorthEast Community Bank NY)
18-month: 4.05% (BofA, Live Oak Banking Company NC – monthly, MSB, MSPB)
2-year: 4.10% (Forbright Bank MD, Bank Hapoalim BM NY), 4.05% (Bradesco Bank FL, Live Oak Banking Company NC – monthly, Pan American Bank & Trust IL – monthly, The Peoples Bank KS - monthly)
3-year: 4.10% (Forbright Bank MD), 4.05% (BMW Bank of North America UT)
4-year: 4.05% (BMW Bank of North America UT)
5-year: 4.05% (First Community Bank AR - monthly), 4.00% (GSB, MSB, Southern Michigan Bank & Trust MI - monthly)
10-year: 4.00% (Apex Bank TN – 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, including from today, weekly 4-week T-bill auctions most recently yielding investment rates: 4.318%, 4.339%, 4.334%, 4.303%, 4.313%, 4.476%, 4.630%, 4.609%, 4.589%, 4.594%.
As of December 31, 2024, ICI reported to the Federal Reserve that $6.85 trillion of cash is parked in money market funds. This is an increase of $42.05 billion from the prior week.
Current Money Market yields as of 01/08/25 at Vanguard are (VMFXX (Settlement fund) 4.28%, VUSXX 4.35%, VMRXX 4.30%).
Recent new issue Treasury note auctions, are yielding higher rates than today’s best available non-callable, new-issue brokered cd’s. For examples, the recent coupon interest rate and yield to maturity at Treasury auction were as follows, followed by today’s current highest U.S.Treasuries annualized yield, that may be available for purchase in the secondary market as of 2 pm ET posted at Vanguard brokerage:
2-year note: 4.250%, 4.335%, 4.25%
3-year note: 4.250%, 4.332%, 4.33%
5-year note: 4.375%, 4.478%, 4.47%
7-year note: 4.500%, 4.532%, 4.58%
You may want to visit TreasuryDirect.gov, for a tentative auction schedule of all upcoming U.S. Treasury Securities, schedule currently available through April 2025.
