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HIDDENlukem510-19-2023 at 05:31 PM.
Joined Mar 2014
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Raphy
10-19-2023 at 06:15 PM.
10-19-2023 at 06:15 PM.
Quote from lukem5 :
if banks are offering this much for a CD, they must know stocks ae going thru the roof.
It's because they can lend it out at 7.5%+
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Joined Nov 2005
L6: Expert
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actorps1
10-19-2023 at 06:18 PM.
10-19-2023 at 06:18 PM.
Tied more to Fed rate than those things.
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Joined Apr 2009
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crazycreations
10-19-2023 at 06:41 PM.
10-19-2023 at 06:41 PM.
Is it better to invest on bonds than this yet?
1
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Joined May 2023
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TealMoney2025
10-19-2023 at 06:44 PM.
10-19-2023 at 06:44 PM.
No minimum?
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Joined Nov 2017
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Muthuragavan
10-19-2023 at 06:48 PM.
10-19-2023 at 06:48 PM.
FYI - Bread Savings is giving 5.60 APY for 1 Year CD.
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HIDDENWuyiL10-19-2023 at 06:50 PM.

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MasterRigger
10-19-2023 at 06:51 PM.
10-19-2023 at 06:51 PM.
Quote from lukem5 :
if banks are offering this much for a CD, they must know stocks ae going thru the roof.

Market timers 👎
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Joined Nov 2014
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TurtlePerson2
10-19-2023 at 06:54 PM.

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10-19-2023 at 06:54 PM.
Not a deal! Treasuries are paying more than this for any duration between 1 month and 1 year. Treasuries also aren't subject to state and local tax. Treasuries also can be traded on the secondary market.

Answering three inevitable questions:
Buy treasuries at any brokerage (e.g. Fidelity, Schwab, etc.).
Don't use TreasuryDirect. It's a clumsy platform and offers no advantages over a broker like Fidelity that charges nothing for buying/selling treasuries.
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TurtlePerson2
10-19-2023 at 06:56 PM.

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10-19-2023 at 06:56 PM.
Quote from crazycreations :
Is it better to invest on bonds than this yet?
Treasury bills are a better investment than this. T-bills are paying a higher interest rate than this, so it's an easy decision. If you live in a state or city with income tax, then T-bills are a much better deal. There's lots of resources online about this and I would encourage you to do some research on your own rather than using this forum to make investment decisions. The fact that these not-good CD deals keep hitting the frontpage tells me that SD users don't understand investing.
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Joined Oct 2013
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tygron
10-19-2023 at 06:58 PM.
10-19-2023 at 06:58 PM.
Quote from lukem5 :
if banks are offering this much for a CD, they must know stocks ae going thru the roof.
Based on banks laying people off, I don't think they believe that. Especially not in the short to near term. This has more to do with the Fed Rate, and them wanting new cash to fund their loans that are 7.5%+. LMAO
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Joined Oct 2014
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n3f3libata
10-19-2023 at 07:14 PM.
10-19-2023 at 07:14 PM.
If you have a spare million you can throw at this, you'll make more money doing nothing than most people will make in a year.
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Joined Oct 2007
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rhkanmt
10-19-2023 at 07:20 PM.
10-19-2023 at 07:20 PM.
6.25% at Trulient for an 11 month CD

https://www.truliantfcu.org/landi...te-special
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Joined Jun 2015
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GhostShipCaptain
10-19-2023 at 07:20 PM.
10-19-2023 at 07:20 PM.
Quote from n3f3libata :
If you have a spare million you can throw at this, you'll make more money doing nothing than most people will make in a year.

Let's pool our money and we can get 1/3 of that.
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