As of 10 am ET 04/17/2025, 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, and 10-year:
3-month: 4.20% (Beal Bank USA NV, Umpqua Bank OR)
6-month: 4.05% (BofA, PNC Bank NA PA)
9-month: 4.00% (BofA)
1-year: 3.95% (Texas Exchange Bank TX - monthly, MSB, MSPB)
18-month: 3.95% (MSB, MSPB)
2-year: 4.05% (MSB, MSPB)
3-year: 4.00% (Optum Bank Inc. UT)
4-year: 4.00% (MSB, MSPB, Texas Exchange Bank TX – monthly, UBS - monthly)
5-year: 4.00% (AMEX, MSB, MSPB, UBS - monthly)
10-year: 4.25% (Mizrahi Tefahot Bank CA)
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: 4.313%, 4.318%, 4.313%, 4.293%, 4.288%, 4.298%, 4.303%, 4.308%, 4.318%, 4.323%.
Current Money Market yields as of 04/16/25 at Vanguard are (VMFXX (Settlement fund) 4.23%, VUSXX (Treasury) 4.23%, VMRXX (Cash Reserves Admiral) 4.24%).
As of April 9, 2025, ICI reported to the Federal Reserve that $7.01 trillion of cash is parked in money market funds. This is a decrease of $25.40 billion from the prior week.
All U.S. markets will be closed tomorrow, 4/18/25, for Good Friday. Fixed income markets will close early today at 2 pm ET.
