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expired Posted by hii.appa • May 6, 2023
expired Posted by hii.appa • May 6, 2023

9month CD @ 5.5% APY w/ $500 min deposit at Northern Bank Direct

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I know there NASA credit union is offering the same thing but difference is that this needs $500 min deposit vs $10k for NASA.

https://northernbankdirect.com/cds
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I know there NASA credit union is offering the same thing but difference is that this needs $500 min deposit vs $10k for NASA.

https://northernbankdirect.com/cds

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May 7, 2023
270 Posts
Joined Sep 2017
May 7, 2023
King0fSpades
May 7, 2023
270 Posts
Quote from 007_bond :
Is there a specific ticker for t-bills that you need to search in schwab or fidelity.
Search diamondnestegg on y tube. They explain step by step walkthrough. I have been buying tbills for months now. T—bill and chill.
1
May 8, 2023
2,723 Posts
Joined May 2008
May 8, 2023
TheTomSawyer
May 8, 2023
2,723 Posts
Quote from maingey :
I don't understand. Why is 9 Month so high, and beyond so low? Wouldn't it be more incentive to give higher yields the longer you commit?
Sigh. Obviously it's because they taking on risk by offering it for longer if rates decline.
May 8, 2023
697 Posts
Joined Feb 2008
May 8, 2023
lev280
May 8, 2023
697 Posts
Quote from maingey :
I don't understand. Why is 9 Month so high, and beyond so low? Wouldn't it be more incentive to give higher yields the longer you commit?
"Inverted yield curve."

This is basically telling us that investors think that the inflation is going to revert to the mean in the longer term.

Another way is to see the Fed Dot Plot.
https://www.federalreserve.gov/mo...230322.pdf
May 8, 2023
8 Posts
Joined Jan 2020
May 8, 2023
CP305
May 8, 2023
8 Posts
Quote from Eagles89 :
Why lock up your money when you might need it this year?
.....
1
May 8, 2023
72 Posts
Joined May 2019
May 8, 2023
davidus1
May 8, 2023
72 Posts
Quote from ECartman :
No fee for trading T-Bills at Schwab or Fidelity. Easy Peasy. And big advantage for those in high state tax states is there is no state tax on T-Bills.

Currently 17 week T-bills are near 5.25%.
Are t-bills FDIC insured? 🤣🤣🤣
2
May 8, 2023
1,156 Posts
Joined Aug 2016
May 8, 2023
Batmansplumber
May 8, 2023
1,156 Posts
Quote from zechs3 :
Is this a small bank? Similar to silicon valley and the others going belly up lately?
SVB was not "small." And, because I can foretell the future: yes, this is absolutely going to go belly up. Also, the Chicago Bears will win the 2047 Super Bowl.
1
May 8, 2023
111 Posts
Joined Jul 2011
May 8, 2023
PeetsCoffee
May 8, 2023
111 Posts
Quote from copyright1997 :
Each instrument will have its own CUSIP. You can buy at auction, 4 week and 8 week are auctioned on Thursday (Schwab and Fido require your order to be in before 9:30 AM), 17-week on Wednesday, 3 and 6 months on Mondays.

See here for upcoming auctions: https://www.treasurydirect.gov/au.../upcoming/

and here for a longer schedule: https://home.treasury.gov/system/...hedule.pdf

To purchase on Fidelity: https://fixedincome.fidelity.com/ftgw/fi/FICorpNotesDisplay?name=TREASA&refpr=obrfind5&requestpage=F... [fidelity.com]

To purchase on Schwab: https://client.schwab.com/Areas/T...ryAuctions

Note that T-Bills are sold at a discount, your interest is the difference between the maturity price and the purchase (discounted price). For example, last weeks 13-week (3 month) bill: https://www.treasurydirect.gov/in...0501_2.pdf. If you review the PDF, you will see it sold (for non-competitive bids which is what you would do) at 98.705778 per $100 and the Investment Rate 5.274% is assuming it is reinvested at the same return (i.e. compounded like you would see in a CD APY calc).

Hope this helps.
I went to fidelity page and I see a corporate BBB yield(comerica) with 22.49 % for 3 month. What does that mean?
1

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May 8, 2023
341 Posts
Joined Jan 2009
May 8, 2023
slick_Ren
May 8, 2023
341 Posts
Quote from ECartman :
No fee for trading T-Bills at Schwab or Fidelity. Easy Peasy. And big advantage for those in high state tax states is there is no state tax on T-Bills.

Currently 17 week T-bills are near 5.25%.
Can you provide steps or link to steps on how to do this, please? I tried and found it complicated because of the whole secondary market for t-bills.
2
May 8, 2023
190 Posts
Joined Mar 2019
May 8, 2023
Pragmatism
May 8, 2023
190 Posts
Schwab vs Fidelity vs TD for a newbie. Which is best and easiest?
1
May 8, 2023
1,852 Posts
Joined Mar 2009
May 8, 2023
TheOldDude
May 8, 2023
1,852 Posts
Quote from toolmaker69 :
Hard pull required?
For what? To give them money LMAOLMAOLMAOLMAOLMAOLMAO!!!
1
May 8, 2023
1,708 Posts
Joined May 2004
May 8, 2023
rkster09
May 8, 2023
1,708 Posts
Quote from ECartman :
No fee for trading T-Bills at Schwab or Fidelity. Easy Peasy. And big advantage for those in high state tax states is there is no state tax on T-Bills.

Currently 17 week T-bills are near 5.25%.
Pls link it up...Also do they have longer T-bills?
2
May 8, 2023
2,462 Posts
Joined Jul 2013
May 8, 2023
thelegaldreamteam
May 8, 2023
2,462 Posts
Everything is going to crash. Like 2008 style. Banks will gladly pay you 5.5% when they'll 100% roi it both short and long. Now is the time to buy 6 month puts. Literally in anything that moves in the equities market. By August nobody on earth will be doubting we are in a full blown global recession. It's actually the only way the fed will ever cut rates. Unemployment way up. Prepare. It's coming.
2
May 8, 2023
763 Posts
Joined Nov 2017
May 8, 2023
djangi
May 8, 2023
763 Posts
Anyone has experience with this bank? How does it compare with banks like Ally?
1
May 8, 2023
443 Posts
Joined Sep 2007
May 8, 2023
EugeAnt
May 8, 2023
443 Posts
Quote from Lanmanna :
Only put in money you don't need. You can always pull the money out if necessary.
If you truly need your money, just take it out and you lose the interest earned. Big deal. Whatever.

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May 8, 2023
741 Posts
Joined Jan 2010
May 8, 2023
Bearcat17
May 8, 2023
741 Posts
Quote from mikej :
Maybe the reason why these banks are failing is because there are freaking hundreds of them. Seems like every Joe can set one up.

And now they are close to shutting down, but offer these CD's that their business could never support, essentially taking in money to pay out others. Eventually they shut down and the insurance pays for it. Then the insurance gets over extended, and well the govt will step in.

So essentially we will all end up paying for these mom and pop shops doing business that is not viable.
Taking in money to pay out others is literally what a bank does. There used to be like 18k banks..and now there is like 4k. You seem vastly uninformed on the topic

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