6% is a great rate. I’m trying to weigh that against Vanguard Federal MM which is currently yielding 5.4% and has some tax benefits. Tough call.
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Problem is, it’s 4 months. There’s a good chance you’ll lose more moving the money in and getting it back out, than you gain from the somewhat higher rate. And even if you still come out ahead, it’s close enough to be considered a wash.
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I figure I’m only netting about $30 extra on mine, but I was so excited to be briefly back in 6% world, that I did it anyway. 
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Sometime recently, GTE has dropped their 48-month rate to 3.56%. Their best rate is now 4.87% for 36-months.
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Brokered CDs now lead GTE. 3-yr is 5.10%, 4-yr is 4.85%.
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I havent been checking frequently lately, but I believe the newly issued 5yr brokered CDs at 4.75% is also a step up from where they’ve been?
I bought one of the 3-year options yielding 5.1% yesterday, but it was a small resale of a 5-year CD and has closer to 3.5 years remaining.
It’s a regional deal only but I just rolled maturing CD funds into 37-months CDs at BMI credit union (eligibility live in 8 counties in central OH or relative of member).
Their rates are:
- 5.5% APY for 13-37 months CDs
- 5% for 43-61 months CDs.
Coupled with $200 bonus (30 Debit card transaction of at least $5) for a free checking account - might as well while I was there -, that seemed like a decent gamble and I was not losing too much short term interest.
Was decent experience opening the CDs (although I hate the near-ubiquitous hard pull for opening deposit accounts - wth). Their app is serviceable if not spectacular. Same with their online banking considering I don’t plan on using them much for banking.
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Are these brokered CDs callable?
Some brokered CDs are, but I ignore those. I dont know about others here, but if I do happen to mention a callable CD, I will point out that it is callable.
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4-yrs have crept over 5%. Rather, CDs with 4 years remaining have, 4yr new issues are not that high.
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Long term treasury bonds have crept up quite a bit as well, all are at more than 4.5%. In particular, the 20-yr treasury bond now has a yield of 4.9%.
As a reminder, you do not have to pay state income taxes on the interest payment from treasuries.
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Farmers Insurance FCU has a flex term CD offer of 5%APY for any term. As short a 3 months, as long as 5 years - you pick, they’re all 5%. Membership is open to everyone by joining the ACC as part of the account opening process (at no cost to you).
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Who is locking in 5 years?
I’ve been for the past year or so. All right around the same 5% available now. Only regret is that some of that is now closer to a 4 year remaining term.
I have a couple more chunks to find a long-term home for, but I’m waiting a bit to see if the rates get a little better in the interim.
Chase offering 6% six month CD; excerpt from Wall St. Journal:
JPMorgan Chase has got a deal for you—if you have an extra $5 million lying around.
The New York bank, the largest in the U.S., is offering customers of its private bank division a 6% rate on a six-month certificate of deposit if they put $5 million or more into the product.
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Here in California, I can get a higher tax equivalent yield by simply buying a six month T-bill.
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We won’t know if they’re in some kind of financial trouble until they start offering it to everyone.
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Looks like 5% Long term treasury bonds are coming soon. Are these good/ez to trade when rates return to “normal” and get paid while waiting.
I broke down and “bit the bullet” yesterday.
I had an old CD that was only gaining 2+%, and wouldn’t mature for another 2 years. $73+k and early penalty withdrawal $3+k. But I just couldn’t leave the funds there any longer.
Closed the account and for now I have it in a Savings account at Northern Bank 4.95%. 
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Did you calculate what the difference would be?
Another solution would be to take the interest earned instead of reinvesting and put it in another account. One CD I have allows withdrawal of all dividends at any time, i.e. one I’ve had for nine months allows free withdrawal of all the interest earned.