As of 10 am ET 01/23/2025, 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, 9-year, and 10-year:
1-month: 4.30% (BankUnited NA FL, Cambridge Savings Bank MA, ConnectOne Bank NJ)
3-month: 4.25% (Northpointe Bank MI, Saco & Biddeford Savings Institution ME - monthly, Trustmark National Bank MS, Umpqua Bank OR)
6-month: 4.25% (Merrick Bank UT – monthly, SCHW, Zions Bancorporation NA UT)
9-month: 4.25% (Merrick Bank UT - monthly)
1-year: 4.25% (Merrick Bank UT - monthly)
18-month: 4.25% (Merrick Bank UT - monthly)
2-year: 4.25% (Merrick Bank UT – monthly)
3-year: 4.20% (American Express National Bank UT, MSB, MSPB)
4-year: 4.15% (First Business Bank WI, MSB, MSPB)
5-year: 4.20% (American Express National Bank UT)
9-year: 4.15% (Apex Bank TN – monthly)
10-year: 4.15% (EagleBank MD – 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: 4.313%, 4.318%, 4.339%, 4.334%, 4.303%, 4.313%, 4.476%, 4.630%, 4.609%, 4.589%.
Current Money Market yields as of 01/22/25 at Vanguard are (VMFXX (Settlement fund) 4.27%, VUSXX 4.31%, VMRXX 4.28%).
As of January 15, 2025, ICI reported to the Federal Reserve that $6.86 trillion of cash is parked in money market funds. This is a decrease of $54.89 billion from the prior week.