CD Rates Update & U.S. Treasury Auctions

June 11 2023

The U.S. Treasury has a very busy week of auctions scheduled starting Monday June 12th. Below is a table of the scheduled auctions for Bills, Notes, and Bonds.

Conservative investors can easily build a laddered portfolio of treasuries with maturities ranging from 3-months to 2-years generating a total portfolio yield of over 5%. Additionally, investors can earn just over 5% on their cash reserves in the Vanguard Federal Money Market Fund (Symbol: VMFXX).

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U.S. TREASURY YIELD CURVE — June 11th 2023

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Below are some of the best CD rates (annual percentage yield - APY) available nationwide today, sorted by maturities from three months to five years. You can click here to check if a bank is FDIC insured. In addition, you can click on the institution name in the CD list below to go directly to the bank’s website for more information regarding CD purchase minimums, etc. We always recommend individual CD purchases are within the $250,000 FDIC insurance limit. This is important because the institutions offering the most attractive CD rates typically need to bring in additional deposits to improve their balance sheet.

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3-months:

• TotalDirectBank 5.16%

• WaFd Bank 5.00%

• UmbrellaBank 4.75%

6-months:

• TotalDirectBank 5.36%

• iGoBanking 5.25%

• Popular Direct 5.10%

12-months:

• Brio Direct 5.35%

• TotalDirectBank 5.33%

• Popular Direct 5.25%

• SPECIAL MENTION: Finworth 5.52% 14-month Special CD

18-months:

• Sallie Mae Bank 5.00%

• Popular Direct 5.00%

• Ally Bank 5.00%

2-years:

• Merrick Bank 4.80%

• First Internet Bank 4.70%

• PopularDirect 4.70%

3-years:

• PopularDirect 4.55%

• First Internet Bank 4.54%

• First National Bank of America 4.40%

4-years:

• First Internet Bank 4.54%

• First National Bank of America 4.50%

• PopularDirect 4.30%

5-years:

• PopularDirect 4.53%

• First National Bank of America 4.50%

• First Internet Bank 4.49%