CD rates am I right here?

[Folster]

Dang, those are above the 7 day yield on VMFXX now. It's at 5.26%. It's getting tempting.

No liquidity risk with VMFXX though, but greater interest rate risk.

 

[Russ Smith]

My first CD at Capital One matures I think 9-28. If things hold up they have an 18 month 5.25 option still available. My current plan is to put 6K of it into the high yield savings at 4.3 and the other 20 in a 18 month CD. We have 2 more maturing in January I doubt that 5.25 18 month will still be available then.

The maturing CD is making 3.25 so I'll get an extra 2 percent on 20K of it and 1 percent on the other 6 so I'll be bringing home another 20 to 30 dollars in interest a month on the exact same money. The only reason I'm not putting the whole amount back into a CD is that I'm currently only putting away 500 a month into the savings account so I wanted to pump it up a bit with the 6K just to increase my emergency fund.

 

[Russ Smith]

My first CD at Capital One matures I think 9-28. If things hold up they have an 18 month 5.25 option still available. My current plan is to put 6K of it into the high yield savings at 4.3 and the other 20 in a 18 month CD. We have 2 more maturing in January I doubt that 5.25 18 month will still be available then.

The maturing CD is making 3.25 so I'll get an extra 2 percent on 20K of it and 1 percent on the other 6 so I'll be bringing home another 20 to 30 dollars in interest a month on the exact same money. The only reason I'm not putting the whole amount back into a CD is that I'm currently only putting away 500 a month into the savings account so I wanted to pump it up a bit with the 6K just to increase my emergency fund.

Looks like almost 110 a month at those rates, I get about 69 a month now at 3.25. So nearly 40 bucks a month more with the same money.

 

[Russ Smith]

My fun with CD's continues. With the rates staying the same my CD at 3.25% matured today. I had about 26K in it. So I put 6K in the high yield savings at 4.3% and the 20 in an 18 month CD at 5.25%, both at Capital One. I was considering waiting to see if there's another rate hike but decided I didn't want to get greedy.

18 months is the sweet spot, 12 is 5%, 24 is 4.4.

We have 2 CD's that mature in January I now have "some" hope we may still be able to get 5 or more on those. One is actually getting 5 right now, the other 2.5.

 

[Devilmaycare]

My fun with CD's continues. With the rates staying the same my CD at 3.25% matured today. I had about 26K in it. So I put 6K in the high yield savings at 4.3% and the 20 in an 18 month CD at 5.25%, both at Capital One. I was considering waiting to see if there's another rate hike but decided I didn't want to get greedy.

18 months is the sweet spot, 12 is 5%, 24 is 4.4.

We have 2 CD's that mature in January I now have "some" hope we may still be able to get 5 or more on those. One is actually getting 5 right now, the other 2.5.

I think you're going to be good in January. After the last meeting I'd be shocked if we see a rate cut before then. I actually wouldn't be surprised if we see another 25 BP increase by then. So you might be able to get a little more.

 

[Mainstreet]

My fun with CD's continues. With the rates staying the same my CD at 3.25% matured today. I had about 26K in it. So I put 6K in the high yield savings at 4.3% and the 20 in an 18 month CD at 5.25%, both at Capital One. I was considering waiting to see if there's another rate hike but decided I didn't want to get greedy.

18 months is the sweet spot, 12 is 5%, 24 is 4.4.

We have 2 CD's that mature in January I now have "some" hope we may still be able to get 5 or more on those. One is actually getting 5 right now, the other 2.5.

In January, I have some CDs maturing as well.

I recently learned that the penalty on the early withdrawal of a CD is 6 months of interest instead of 3 months of interest if the CD is over 12 months. It would have been nice to know, but it didn't affect me.

I'm curious about Capital One 360 CDs and how they work.

Admittedly, I have been reluctant about using online banks. How do you know if you are dealing with a legit URL?

 

[Russ Smith]

In January, I have some CDs maturing as well.

I recently learned that the penalty on the early withdrawal of a CD is 6 months of interest instead of 3 months of interest if the CD is over 12 months. It would have been nice to know, but it didn't affect me.

I'm curious about Capital One 360 CDs and how they work.

Admittedly, I have been reluctant about using online banks. How do you know if you are dealing with a legit URL?

Yes over 12 months the penalty is 6 months.

This is the URL for Capital One I use, at least it's the one I used last night that's now logged out.

Capital One Sign In: Log in to access your account(s)

Sign in to access all of your Capital One accounts. View account balances, pay bills, transfer money and more.

verified.capitalone.com

I have never had any issue at all with them, my credit card is with them too. Obviously with online there's always some risk but never had an issue.

Because I have multiple accounts with them I was able to open the new CD in less than 5 minutes, took the money from a savings account with them to fund it. If you're a first time customer it takes longer than that with approvals and then they have to fund the account which can take 2-3 days.

 

[Mainstreet]

Yes over 12 months the penalty is 6 months.

This is the URL for Capital One I use, at least it's the one I used last night that's now logged out.

Capital One Sign In: Log in to access your account(s)

Sign in to access all of your Capital One accounts. View account balances, pay bills, transfer money and more.

verified.capitalone.com

I have never had any issue at all with them, my credit card is with them too. Obviously with online there's always some risk but never had an issue.

Because I have multiple accounts with them I was able to open the new CD in less than 5 minutes, took the money from a savings account with them to fund it. If you're a first time customer it takes longer than that with approvals and then they have to fund the account which can take 2-3 days.

Looking at the link it sounds like I would have to make an account first. I do have a Capitol One card, so that may make it easier.

Possibly I already have a Sign-In but I will have to search my records. I'm looking at joint accounts.

 

[Russ Smith]

based on expected core inflation data this thurs, expected at 3.5, experts are saying it's likely the fed won't lower interest rates until Q3 2024 at the earliest.

That's in line with forecasts the last few months. It will be interesting to see when banks start lowering CD and high yield interest rates. Will they wait for the first rate cut or do it before then?

Looking more and more like I'll be able to get close to 5% at 18 months in Jan when my next 2 CD's mature. I got 5.25 for 18 months in Sept, that's down to 5 now for 18 months. Really hoping that holds through January so I can get 18 months at 5 .

But it sounds like by probably July 2024 rates will start coming down.

 

[Folster]

Brokered CD rates from Vanguard.

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[elindholm]

Gold up 11% YTD. If you don't know about it, the best way for small individual investors to get into gold is the GLDM etf. They take only 0.1% per year for management.

 

[Folster]

Gold up 11% YTD. If you don't know about it, the best way for small individual investors to get into gold is the GLDM etf. They take only 0.1% per year for management.

I was unaware that State Street launched that fund. I'm still in IAU from iShares with its 0.25% expense ratio. I will have to take a look at it and review my basis.