[Caymus]

Originally Posted by Ecuadog

Not for nothing... I believe my Vanguard sweep acount (Vanguard Federal Money Market Fund - VMFXX) has a current yield of 4.50%.

CPI was worse than expected today. You will get close to 5% soon.

[kingofbeer]

Originally Posted by Caymus

CPI was worse than expected today. You will get close to 5% soon.

Capital One has 11 month CD at 5%

[daniel200]

GM Right Notes recently raised their rate from 4.5% to 4.75%. They have a $500 minimum. This is really like a money market fund as you can move money at your discretion at any time via electronic funds transfer from your bank account. It’s not a CD or note in that there is no minimum investment term. Interest accrues daily but is paid at the end of the month.

You can move your money back to your bank at any time with no penalty via their online tool. Mellon Bank manages the program.

The rate paid seems to float with the FED treasury target rate as they have been steadily raising the rate paid in step with the FED

I have used this extensively since rates have been rising from near zero without problem, but using it less now because of the availability of treasury bonds near 5%.

[Caymus]

Originally Posted by kingofbeer

Capital One has 11 month CD at 5%

Different instruments. Ecuadog has a Vanguard sweep which pays interest pending reinvestments.

[Kenswing]

5.26% yield on a 1-year Treasury at Fidelity right now.

[Caymus]

Originally Posted by Kenswing

5.26% yield on a 1-year Treasury at Fidelity right now.

Short term rates will probably reach 6% soon based on Powell's testimony today.

[keithgerri]

Synchrony bank paying 5% on 14 month cd.no fees no minimum

[Babubhat]

Fidelity.com is Temporarily Unavailable



Top rates chart. Ignore the unavailable message

[Mlundberg]

I use Vanguard for brokered CD,s. It's simple with the click of a mouse. Rates are competitive and no fees. I would never buy a bank CD again.

[Plinker]

Originally Posted by Mlundberg

I use Vanguard for brokered CD,s. It's simple with the click of a mouse. Rates are competitive and no fees. I would never buy a bank CD again.

Agree with Vanguard choice. Callable, 12-18 months at 5.35%. I am not concerned with callable CD’s with short-terms. Longer terms, yes.
A big advantage with Vanguard, etc is you won’t be subjected to an Edward Jones sales pitch for other more lucrative, commission-based services.

[retiredguy123]

Originally Posted by Mlundberg

I use Vanguard for brokered CD,s. It's simple with the click of a mouse. Rates are competitive and no fees. I would never buy a bank CD again.

I agree. I only use banks for checking accounts and credit cards. They cannot compete with investment companies like Vanguard and Fidelity for earning interest.

[Aces4]

Originally Posted by retiredguy123

I agree. I only use banks for checking accounts and credit cards. They cannot compete with investment companies like Vanguard and Fidelity for earning interest.

I didn’t realize those two companies are FDIC insured. Peace of mind…. Priceless.

[dewilson58]

Originally Posted by Aces4

I didn’t realize those two companies are FDIC insured. Peace of mind…. Priceless.

Not 100% true.

[Aces4]

Originally Posted by dewilson58

Not 100% true.

They are FDIC insured and no fees anywhere?

[dewilson58]

Originally Posted by Aces4

They are FDIC insured and no fees anywhere?

Nope.

Example from Van's website: Vanguard Municipal Money Market Fund: The Fund is only available to retail investors (natural persons). You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Another: Vanguard Cash Reserves Federal Money Market Fund and Vanguard Federal Money Market Fund: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.