U.S. Treasury & CD Rates Update
The FOMC meets on Tuesday and Wednesday this week. No change in monetary policy is expected. Subscribers can earn 5% or more in CDs with maturities from three months to three years.
U.S. Treasury has the following schedule of upcoming auctions. Investors can purchase treasuries at no cost using the TreasuryDirect.gov website or at most major brokerages including Vanguard, Fidelity, and Schwab.
BILLS
BONDS
Treasury Inflation-Protected Securities (TIPS)
MONEY MARKET & CD RATES
Below are some of the most attractive money market yields and CD rates available nationwide, sorted by maturities from three months to five years. Click here to see if a bank is FDIC-insured. You can click on the institution name in the list below to go directly to the bank’s website for more information regarding CD purchase minimums, etc. We always recommend individual CD purchases be limited to within the $250,000 FDIC insurance limit.
Money Market Funds:
Vanguard Municipal Money Market Fund 2.84% (tax-exempt)
CDs
3-months:
TotalDirectBank 5.51%
Shoreham Bank 5.50%
Mutual One Bank 5.40%
6-months:
TotalDirectBank 5.51%
My eBanc 5.51% ($50k minimum)
Flagstar Bank 5.50% (7-months)
12-months:
My eBanc 5.41% ($50k minimum)
NexBank 5.40%
TotalDirectBank 5.35%
18-months:
M.Y. Safra Bank 5.10%
Lending Club 5.00%
My eBanc 5.00%
2-years:
Crescent Bank 5.00%
M.Y. Safra Bank 4.90%
My eBanc 4.85%
3-years:
DollarSavingsDirect 5.00%
M.Y. Safra Bank 4.70%
BMO Alto 4.60%
4-years:
BMO Alto 4.70%
First Internet Bank 4.45%
5-years:
BMO Alto 4.80%
First Internet Bank 4.50%
MUNICIPAL BOND AUCTIONS
Below is a list of the largest upcoming municipal bond offerings nationwide:
Source: EMMA
In case you missed it, here is our June 2024 Model Portfolio Update.
The FOMC monetary policy statement and the Summary of Economic Projections will be published on June 12th.
The May 2024 consumer price index (CPI) report is scheduled for release in the morning on Wednesday, June 12th.