As of 3 pm ET 02/20/2025, 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 3-month, 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year:
3-month: 4.35% (Flushing Bank NY, Umpqua Bank OR)
6-month: 4.30% (Santander Bank NA DE)
9-month: 4.30% (Veritex Community Bank TX)
1-year: 4.30% (Parkway Bank and Trust Company IL sold out)
18-month: 4.25% (BofA, MSB, MSPB)
2-year: 4.30% (Univest Bank and Trust Co. PA – monthly sold out)
3-year: 4.30% (Univest Bank and Trust Co. PA – monthly sold out)
4-year: 4.30% (Forbright Bank MD - monthly, Univest Bank and Trust Co. PA - monthly)
5-year: 4.30% (First Bank of the Lake MO - monthly, Forbright Bank MD - monthly)
Large issuers abbreviations:
AMEX=> American Express National Bank, UT; BofA => Bank of America NA, 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 today’s, weekly 4-week T-bill auctions most recently yielding investment rates: 4.318%, 4.323%, 4.323%, 4.323%, 4.339%, 4.313%, 4.318%, 4.339%, 4.334%, 4.303%.
Current Money Market yields as of 02/19/25 at Vanguard are (VMFXX (Settlement fund) 4.25%, VUSXX (Treasury) 4.27%, VMRXX (Cash Reserves Admiral) 4.26%).
As of February 19, 2025, ICI reported to the Federal Reserve that $6.91 trillion of cash is parked in money market funds. This is a decrease of $9.55 billion from the prior week.