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Current Treasury Rates[bloomberg.com]
1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
Current Treasury Rates[bloomberg.com]
1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
Yes, but that rate is only guaranteed for 6 months and those bonds have all kinds of limitations, including only being able to purchase $10,000 worth each year and forfeiting some of the interest if withdrawn before 5 years. They're not a bad deal now, but they're not the screaming deal they were 6 months or 12 months ago.
Can a foreigner on a working visa not a green card have a CD?
I don't have personal experience with this, but if you can open a bank account you can probably open a CD. I have no idea why there would be citizenship requirements on a CD. Bear in mind that you will forfeit the interest (not the principal) if you have to withdraw a CD early.
Brokerage pays better rates also, search on savebetter or fidelity , they all are insured as well.
Few days ago I opened one with savebetter.com ( sallie mae , 27month cd for 5%).
if looking long term then , fidelity has some for 5 years for 5.25%. Fidelity has 1000's of choices on CDs. They do deals with almost all banks on brokerage CDs.
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Nice rate, best 12 month (brokered) CD rate through Fidelity is 4.7%, which is probably much more convenient for their customers. There's like 12 banks to choose from.
Last edited by MaKlounkee November 18, 2022 at 06:42 PM.
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For dummies, is this worthwhile over a 3% savings account? And why pick the 5 year CD ppl are mentioning for 5.25% over index or mutual funds that supposedly average 6% over 5-10 years?
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1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
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1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
Few days ago I opened one with savebetter.com ( sallie mae , 27month cd for 5%).
if looking long term then , fidelity has some for 5 years for 5.25%. Fidelity has 1000's of choices on CDs. They do deals with almost all banks on brokerage CDs.
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Has anyone set this up yet? Was it worth the hassle for the 0.2 over a treasury?
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Not judging, just new to all this info
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