As of 9:30 am ET 05/22/2025, here are the highest rates, 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: 4.40% (Five Star Bank CA, Flushing Bank NY)
6-month: 4.30% (Bank of China NY, Bank Rhode Island RI - monthly, CFBank NA OH - monthly, Five Star Bank CA)
9-month: 4.30% (WF)
1-year: 4.25% (Merrick Bank UT – monthly, WF)
18-month: 4.20% (MSB, MSPB)
2-year: 4.15% (MSB, MSPB)
3-year: 4.20% (MSB, MSPB)
4-year: 4.25% (MSB, MSPB)
5-year: 4.25% (MSB, MSPB)
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, weekly 4-week T-bill auctions most recently yielding investment rates: 4.293%, 4.298%, 4.313%, 4.293%, 4.313%, 4.318%, 4.313%, 4.293%, 4.288%, 4.298%.
Current Money Market yields as of 05/21/25 at Vanguard are (VMFXX (Settlement fund) 4.21%, VUSXX (Treasury) 4.23%, VMRXX (Cash Reserves Admiral) 4.22%).
As of May 14, 2025, ICI reported to the Federal Reserve that $6.94 trillion of cash is parked in money market funds. This is a decrease of $5.01 billion from the prior week.
If you are looking to lock in a long-term CD in your brokerage account, you may want to instead consider watching long-term U.S. Treasuries. Investors may start to demand a term premium and we are seeing early signs of the steepening of the back end of the yield curve. This morning at approximately 8:30 am ET, treasuries were trading respectively, at the following on 10-year, 20-year, and the 30-year reached a new 52-week high today: 4.621%, 5.159%, 5.152%. They may not stay at these higher levels or they could steepen even more. Next week, watch the 7-year auction, the spot in between the short and long end, could have some trouble with weak demand at the current, low, term premium.