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CD 10 month 5.30 APY

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Joined Jul 2015
L5: Journeyman
> bubble2 695 Posts
184 Reputation
marvelousmrsbezel
10-19-2023 at 08:37 PM.
10-19-2023 at 08:37 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.

yes, all these millionaires are here looking at SLICKDEALS…
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Joined Jan 2008
L4: Apprentice
> bubble2 404 Posts
126 Reputation
mrclemson
10-19-2023 at 08:47 PM.
10-19-2023 at 08:47 PM.
Quote from isaaciaggard :
yes, all these millionaires are here looking at SLICKDEALS…
Millionaire is really nothing nowadays, and yes, many of them visit slickdeals
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Joined Jan 2011
L6: Expert
> bubble2 1,986 Posts
409 Reputation
briank642
10-19-2023 at 08:48 PM.
10-19-2023 at 08:48 PM.
Quote from crazycreations :
Is it better to invest on bonds than this yet?
Yes, definitely.
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Joined Aug 2011
L3: Novice
> bubble2 259 Posts
42 Reputation
DealInfinity
10-19-2023 at 08:50 PM.
10-19-2023 at 08:50 PM.
Quote from TurtlePerson2 :
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.

What do you think about Vanguard Federal Money Market Fund (VMFXX)?
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Joined Jan 2011
L6: Expert
> bubble2 1,986 Posts
409 Reputation
briank642
10-19-2023 at 08:58 PM.
10-19-2023 at 08:58 PM.
Quote from DesiDude312 :
What do you think about Vanguard Federal Money Market Fund (VMFXX)?
You're getting less yield than directly purchasing treasuries and paying a management fee.
Reply
Joined Jun 2007
Lurker
> bubble2 375 Posts
205 Reputation
Tamdrik
10-19-2023 at 09:38 PM.
10-19-2023 at 09:38 PM.
Quote from DesiDude312 :
What do you think about Vanguard Federal Money Market Fund (VMFXX)?
That's the "default" investment at Vanguard if you don't put your money anywhere else (their "cash sweep"), and for that purpose, it's actually pretty good compared to other brokers, especially Schwab. Still, you'd be better off putting the money in T-bills.
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Joined Nov 2021
New User
> bubble2 5 Posts
10 Reputation
SkillfulBoundary392
10-19-2023 at 09:57 PM.
10-19-2023 at 09:57 PM.
Checkout Tfdxx fund. Much better than lock period of 10 months
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Joined May 2008
L9: Master
> bubble2 5,840 Posts
redeyedog
10-19-2023 at 10:00 PM.
10-19-2023 at 10:00 PM.
So can someone recommend a good treasury to invest in right now?
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Joined Mar 2012
L4: Apprentice
> bubble2 448 Posts
530 Reputation
DC13
10-19-2023 at 10:24 PM.
10-19-2023 at 10:24 PM.
Treasury yields are certainly going higher from here. With the 3 month paying approx 5.5% it's insane to lock in a 10 month CD, Yields are shooting up weekly and you get a tax benefit.
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Joined Jun 2008
L8: Grand Teacher
> bubble2 3,389 Posts
1,103 Reputation
dagadu
10-19-2023 at 10:48 PM.
10-19-2023 at 10:48 PM.
Quote from rhkanmt :
6.25% at Trulient for an 11 month CD

https://www.truliantfcu.org/landi...te-special [truliantfcu.org]
FYI: For local residents only, and not FDIC insured. Any legal workaround way to join?

What Is the Member Qualification Criteria?
There are four ways you can be eligible to become a member at Truliant:
Live, work, worship or attend school in a county near one of our branches
Work for one of our business partners
Have an immediate family or household member who is currently a member of Truliant
Join through the American Consumer Council if you live in GA, NC, SC, TN or VA

While credit unions aren't insured by the FDIC like big banks are, all credit unions are part of the National Credit Union Administration. The NCUA provides the same amount of coverage and insurance for money deposited into credit unions that the FDIC provides for larger banks.

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Joined Aug 2019
L2: Beginner
> bubble2 82 Posts
10 Reputation
sakal
10-19-2023 at 11:48 PM.
10-19-2023 at 11:48 PM.
But isn't there a 10k limit on T-Bills? Means in one year I cannot invest more than 10k.
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Joined Nov 2006
L7: Teacher
> bubble2 2,184 Posts
572 Reputation
pdinc
10-20-2023 at 12:00 AM.

Our community has rated this post as helpful. If you agree, why not thank pdinc

10-20-2023 at 12:00 AM.
Quote from sakal :
But isn't there a 10k limit on T-Bills? Means in one year I cannot invest more than 10k.

You're thinking about i bonds
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Joined Aug 2009
All deals all day
> bubble2 4,394 Posts
2,277 Reputation
madrascaldavid
10-20-2023 at 01:08 AM.
10-20-2023 at 01:08 AM.
UFB Direct money market savings account is at 5.25%, no cap. I'll sacrifice 0.05% to also have zero risk and still completely liquid.
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Joined Feb 2007
Adopt a Shelter Pet :o)
> bubble2 5,598 Posts
1,170 Reputation
fuzzyfacedog
10-20-2023 at 02:44 AM.
10-20-2023 at 02:44 AM.
Added another to my ladder
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Joined Sep 2021
L2: Beginner
> bubble2 65 Posts
14 Reputation
SplendidSquirrel285
10-20-2023 at 03:22 AM.
10-20-2023 at 03:22 AM.
Alright, so I've got 45k to invest. I'd like to pull it out 12mo from now.. what's the best route? I almost put it all into Bread CD @ 5.6%.
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