U.S. Treasury & CD Rates Update
It is getting more difficult to find attractive CDs, but money market funds and short-term treasury bills continue to offer yields of 5% or more. Berkshire Hathaway now owns more T-bills than the Fed.
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 3.13% (tax-exempt)
CDs
3-months:
Shoreham Bank 5.50%
Mutual One Bank 5.40%
Popular Direct 5.25%
6-months:
able Banking 5.30%
My eBanc 5.30% ($50k minimum)
Mutual One Bank 5.25%
12-months:
Sallie Mae Bank 5.20% (13-month)
able Banking 5.15%
NexBank 5.09%
18-months:
Sallie Mae Bank 5.15% (15-month)
The Federal Savings Bank 5.05%
Lending Club 5.00%
2-years:
The Federal Savings Bank 4.85%
able Banking 4.85%
NexBank 4.80%
3-years:
The Federal Savings Bank 4.60%
NexBank 4.55%
Popular Direct 4.50%
4-years:
The Federal Savings Bank 4.55%
NexBank 4.45%
First Internet Bank 4.29%
5-years:
The Federal Savings Bank 4.45%
First Internet Bank 4.35%
Popular Direct 4.30%
MUNICIPAL BOND AUCTIONS
Below is a list of some of the largest upcoming municipal bond offerings nationwide:
Source: EMMA
In case you missed it, here is our August 2024 Model Portfolio Update.
The July 2024 consumer price index (CPI) report is scheduled for release the morning of Wednesday, August 14th.