As of 3 pm ET 02/13/2025, 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% (Dime Community Bank NY)
6-month: 4.35% (State Bank of India NY)
9-month: 4.30% (Community Bank Delaware DE sold out)
1-year: 4.25% (BofA, GSB, MSB, MSPB, PNC Bank NA PA)
18-month: 4.25% (Anderson Brothers Bank SC – monthly, MainStreet Bank VA – monthly, MSB, MSPB)
2-year: 4.30% (Merrick Bank UT – monthly, MSB, MSPB)
3-year: 4.30% (Customers Bank – sold out, State Bank of India NY)
4-year: 4.25% (Customers Bank PA, MSB, MSPB)
5-year: 4.30% (First Bank of the Lake MO - 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: 4.323%, 4.323%, 4.323%, 4.339%, 4.313%, 4.318%, 4.339%, 4.334%, 4.303%, 4.313%.
Current Money Market yields as of 02/12/25 at Vanguard are (VMFXX (Settlement fund) 4.26%, VUSXX (Treasury) 4.27%, VMRXX (Cash Reserves Admiral) 4.28%).
As of February 12, 2025, ICI reported to the Federal Reserve that $6.92 trillion of cash is parked in money market funds. This is an increase of $5.48 billion from the prior week.