Jim_n_NYC Posted February 17, 2023 Share Posted February 17, 2023 (edited) I buy my T-bills through Fidelity. They have both the secondary and the treasury issue ones. The Treasury issues don't have a fee. I'm still doing 3-month bills and the rate is just above 4.7% now. Edited February 17, 2023 by Jim_n_NYC musclestuduws and handiacefailure 2 Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted March 2, 2023 Share Posted March 2, 2023 On 2/17/2023 at 11:19 AM, Jim_n_NYC said: I buy my T-bills through Fidelity. They have both the secondary and the treasury issue ones. The Treasury issues don't have a fee. I'm still doing 3-month bills and the rate is just above 4.7% now. Latest buy is just a hair below 5% for the 3 month treasuries. Came out to 4.95% when I computed using compounding every quarter. The best regular 3 month CDs on Fidelity were listed at 4.65% (which comes out to 4.73% with quarterly compounding). musclestuduws and Cooper 2 Link to comment Share on other sites More sharing options...
rojjodc Posted March 7, 2023 Share Posted March 7, 2023 Just saw an artic le that some banks are offer rates of 6% now! + augustus, Cooper and Beancounter 2 1 Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted March 7, 2023 Share Posted March 7, 2023 4 hours ago, rojjodc said: Just saw an artic le that some banks are offer rates of 6% now! I was like 'Artic what?' At first, lol. The rates I'm watching are short term (3 months) since I don't want to lock in anything long term while rates are going up. Powell testified to Congress today and said (to the effect) that rates may have to go up more than they expected to tamp down the economy (to tame inflation). Alfstoria 1 Link to comment Share on other sites More sharing options...
rojjodc Posted March 8, 2023 Share Posted March 8, 2023 The 6% CD has arrived. Should you bite? https://www.marketwatch.com/picks/these-2-places-are-now-offering-cds-that-pay-6-should-you-bite-e25d2a32?mod=rates-market-data Cooper 1 Link to comment Share on other sites More sharing options...
handiacefailure Posted March 10, 2023 Share Posted March 10, 2023 (edited) Alliant CU has a 5% six month rate and 4.85% three month rate with only a $1K minimum. myalliant.com/ultimate Edited March 10, 2023 by handiacefailure Cooper 1 Link to comment Share on other sites More sharing options...
+ glutes Posted March 23, 2023 Share Posted March 23, 2023 https://www.wsj.com/buyside/personal-finance/cd-rates-01663683648?st=ug8hgbpy9yxx1v7&reflink=desktopwebshare_permalink Cooper and + Vegas_Millennial 1 1 Link to comment Share on other sites More sharing options...
Cooper Posted April 20, 2023 Author Share Posted April 20, 2023 On 8/9/2022 at 3:20 PM, Cooper said: For those of you who keep a savings account, check out the new CD rates at Citibank. Effective 8/9-8/15. 1 year 2.50% 1 year no penalty for early withdrawal 1.50% 18 month 2.75% Was at Citibank today. The best CD rate I could get was 9 months at 4.75%. Link to comment Share on other sites More sharing options...
Alfstoria Posted April 20, 2023 Share Posted April 20, 2023 (edited) 14 hours ago, Cooper said: Was at Citibank today. The best CD rate I could get was 9 months at 4.75%. I got the Apple High Yield. Didn’t put too much faith on it. I have the Apple CC so it was almost automatically offered to me to deposit the Apple Cash Back. I have a couple of CD online, so far their good at 5%. And Axel Hotel Barcelona accepted Apple CC. No foreign fee and 2% cash back. No bad. I am very skeptical individual so I’ll keep a close eye and No putting all the eggs in one basket 🧺 lol 😂 Edited April 21, 2023 by Alfstoria Cooper 1 Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted April 20, 2023 Share Posted April 20, 2023 I bought treasuries (in my IRA, no less) beginning of April that listed at 4.7% for three months when I put the order in. Thought with the SVB problems they might come down a bit but by the time the order executed it rose to where I got 5.09% (5.18% compounded). I think I read that since the bank issues may be in check, the Fed may be looking at another 1/4 rate hike. Cooper 1 Link to comment Share on other sites More sharing options...
TonyDown Posted April 21, 2023 Share Posted April 21, 2023 I snagged a 15 mo. CD @ 5.10 APY a month ago. Was a special rate for new money at my credit union. Now their best is 12 mo. @ 4.25 APY. Cooper 1 Link to comment Share on other sites More sharing options...
Bucky Posted April 21, 2023 Share Posted April 21, 2023 (edited) 21 hours ago, Jim_n_NYC said: I bought treasuries (in my IRA, no less) beginning of April that listed at 4.7% for three months when I put the order in. This may be wise. Why pay State/Local income tax if T Bills for various maturity dates are somewhat comparable (if not better) to CD rates? Edited April 21, 2023 by Bucky Cooper and + augustus 1 1 Link to comment Share on other sites More sharing options...
+ augustus Posted April 22, 2023 Share Posted April 22, 2023 (edited) US 3-MO 5.117 +0.016 US 4-MO 5.19 -0.002 US 6-MO 5.057 -0.002 US 1-YR 4.784 +0.023 US 2-YR 4.179 +0.009 US 3-YR 3.884 +0.008 US 5-YR 3.661 +0.021 US 7-YR 3.614 +0.02 US 10-YR 3.568 +0.023 The above are the closing Treasury rates for Friday, April 21, 2023. The bond market is expecting lower inflation/recession and hence the inverted yield curve with long rates lower than the short-term rates. Edited April 22, 2023 by augustus Cooper 1 Link to comment Share on other sites More sharing options...
BuffaloKyle Posted April 25, 2023 Share Posted April 25, 2023 My local bank just sent me an email offering: 12 month: 4.75% 24 month: 5.25% I'm getting 4.25% on my high interest savings account and the fed is only gonna raise rates one or two more times a quarter of a point. Really thinking about doing a 24 month CD. + Vegas_Millennial and Cooper 1 1 Link to comment Share on other sites More sharing options...
Cooper Posted May 1, 2023 Author Share Posted May 1, 2023 Every Tuesday Citibank updates their CD rates. I’m not sure how long the 9 month CD will remain @ 4.75% but that’s currently their best rate. Let’s see what tomorrow brings. In the meantime, instead of wondering if the rates will go up or down, I bought a 3 month Treasury Bill @ 5.01%. Maturity date 8/3/23. + FrankR, Jim_n_NYC and + augustus 3 Link to comment Share on other sites More sharing options...
BuffaloKyle Posted May 2, 2023 Share Posted May 2, 2023 8 hours ago, Cooper said: In the meantime, instead of wondering if the rates will go up or down, I bought a 3 month Treasury Bill @ 5.01%. Maturity date 8/3/23. Can't go wrong ever with that short of a time frame investment. Cooper and + augustus 1 1 Link to comment Share on other sites More sharing options...
+ augustus Posted May 3, 2023 Share Posted May 3, 2023 On 5/1/2023 at 12:49 PM, Cooper said: In the meantime, instead of wondering if the rates will go up or down, I bought a 3 month Treasury Bill @ 5.01%. Maturity date 8/3/23. As a New Yorker that T-bill rate is actually equivalent to about a 5.30% - 5.40% yield from a bank CD. Cooper 1 Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted May 5, 2023 Share Posted May 5, 2023 TREASURIES-U.S. 3-month Treasury yield hits 22-year high on debt ceiling jitters NEWS.YAHOO.COM The yield on the three-month U.S. Treasury bill hit a more than 22-year high on Thursday in the latest sign of... Yay! LOL. Cooper 1 Link to comment Share on other sites More sharing options...
BuffaloKyle Posted May 12, 2023 Share Posted May 12, 2023 I'm waiting to see what happens with the debt ceiling before I do anything with my money. handiacefailure 1 Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted May 17, 2023 Share Posted May 17, 2023 Meh, I decided to stay with my 3-month Treasuries strat for now. IF the debt ceiling talks fail, I'll just catch the higher rates in my buy next month. This buy came in at about 5.28% when adding in compounding over a year. Link to comment Share on other sites More sharing options...
handiacefailure Posted May 21, 2023 Share Posted May 21, 2023 On 5/3/2023 at 12:58 AM, augustus said: As a New Yorker that T-bill rate is actually equivalent to about a 5.30% - 5.40% yield from a bank CD. Should be worth more than that with NY's tax rates Link to comment Share on other sites More sharing options...
TonyDown Posted May 29, 2023 Share Posted May 29, 2023 My credit union best CD rate just dropped from 4.5 to 3.5%. Surprised me. But doesn't matter, I just locked in 4.75% at Citibank. The concierge banker at the local branch was a young hot latino dude which was a bonus. More importantly he was extremely helpful, professional and polite. + Vegas_Millennial 1 Link to comment Share on other sites More sharing options...
BuffaloKyle Posted May 30, 2023 Share Posted May 30, 2023 23 hours ago, TonyDown said: My credit union best CD rate just dropped from 4.5 to 3.5%. Surprised me. But doesn't matter, I just locked in 4.75% at Citibank. The concierge banker at the local branch was a young hot latino dude which was a bonus. More importantly he was extremely helpful, professional and polite. That stinks! My credit union still showing the same rates that have been in effect for a couple months now: 4.75% APY* for 12 months 5.25% APY* for 24 months + Vegas_Millennial 1 Link to comment Share on other sites More sharing options...
TonyDown Posted May 30, 2023 Share Posted May 30, 2023 16 minutes ago, BuffaloKyle said: That stinks! My credit union still showing the same rates that have been in effect for a couple months now: 4.75% APY* for 12 months 5.25% APY* for 24 months I got a special 5.10% rate at my credit union 3 months ago, for new money. Was hoping they would come back with another special, but no. Your 5.25% at 24 months looks nice. Link to comment Share on other sites More sharing options...
BuffaloKyle Posted May 30, 2023 Share Posted May 30, 2023 1 minute ago, TonyDown said: I got a special 5.10% rate at my credit union 3 months ago, for new money. Was hoping they would come back with another special, but no. Your 5.25% at 24 months looks nice. I was thinking about doing a 24 month CD. My credit union has that same disclaimer about new money. I have my credit union account linked to an online high interest savings account. I keep most of my money in my high interest account and shift it to my credit union when I need to take physical cash out. So if I wanna open a CD I can't transfer money into my credit union? Am I gonna have to request a check to be mailed to me from my online account basically? Link to comment Share on other sites More sharing options...
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