As of 9 am ET 03/21/2025, 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, 5-year:
3-month: 4.35% (Northpointe Bank MI, Umpqua Bank OR)
6-month: 4.25% (INTRUST Bank NA KS, State Bank of India NY, Western Alliance Bank AZ)
9-month: 4.20% (Dallas Capital Bank NA TX, The Bank of New York Mellon NY, Western Alliance Bank AZ, WF)
1-year: 4.15% (Western Alliance Bank AZ)
18-month: 4.15% (ConnectOne Bank NJ – monthly, Western Alliance Bank AZ)
2-year: 4.10% (AMEX, MSB, MSPB)
3-year: 4.15% (MSB, MSPB)
4-year: 4.10% (MSB, MSPB)
5-year: 4.15% (AMEX)
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: 4.288%, 4.298%, 4.303%, 4.308%, 4.318%, 4.323%, 4.323%, 4.323%, 4.339%, 4.313%.
Current Money Market yields as of 03/20/25 at Vanguard are (VMFXX (Settlement fund) 4.22%, VUSXX (Treasury) 4.25%, VMRXX (Cash Reserves Admiral) 4.23%).
As of March 19, 2025, ICI reported to the Federal Reserve that $7.00 trillion of cash is parked in money market funds. This is a decrease of $21.74 billion from the prior week.