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Joined Aug 2005
L9: Master
> bubble2 4,301 Posts
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Mydiscover
10-20-2023 at 02:35 AM.
10-20-2023 at 02:35 AM.
Quote from SplendidSquirrel285 :
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%.
Tbill 6 months.
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Joined Dec 2007
L8: Grand Teacher
> bubble2 3,524 Posts
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iahawks550
10-20-2023 at 03:38 AM.
10-20-2023 at 03:38 AM.
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.
If a person is using a brokerage, they can also find better paying, longer term cds that might be more attractive, based on their type of account and tax status. There are many cds around 18 months at 5.5%. There are even 5 year cds at 5% with monthly payouts for those looking for long term, income producing items in a retirement account.
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Joined Sep 2021
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> bubble2 66 Posts
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SplendidSquirrel285
10-20-2023 at 04:41 AM.
10-20-2023 at 04:41 AM.
Quote from Mydiscover :
Tbill 6 months.

4% tho I'm seeing?
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Joined Jan 2011
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> bubble2 1,965 Posts
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briank642
10-20-2023 at 04:46 AM.
10-20-2023 at 04:46 AM.
Quote from madrascaldavid :
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.
You do understand that T-Bills are risk free and are extremely liquid, right?

If the US defaults on T-Bills, we'll all be reverting back to hunters and gatherers.
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Joined Jan 2011
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briank642
10-20-2023 at 04:46 AM.

Our community has rated this post as helpful. If you agree, why not thank briank642

10-20-2023 at 04:46 AM.
Quote from SplendidSquirrel285 :
4% tho I'm seeing?
Where do you see that?

Rates are published daily. You can find them here:
https://home.treasury.gov/resourc...nth=202310
1
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Last edited by briank642 October 20, 2023 at 05:40 AM.
Joined Dec 2007
L3: Novice
> bubble2 176 Posts
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namchucks
10-20-2023 at 05:46 AM.
10-20-2023 at 05:46 AM.
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.

โ€ฆChecks pants pockets in dirty laundryโ€ฆnothingโ€ฆchecks under couch cushionsโ€ฆah yes, found some spare millions!!!
2
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Joined Mar 2014
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> bubble2 120 Posts
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GoddessParis
10-20-2023 at 05:52 AM.
10-20-2023 at 05:52 AM.
How is it that this post gets so many views and comments and the one I posted gets none? I consider the CD from Popular a better investment at the moment than this one and yet, no comments?

https://slickdeals.net/f/17003203-popular-direct-12-month-cd-5-67-apy?v=1
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Joined Sep 2005
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> bubble2 4,710 Posts
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ugabuga
10-20-2023 at 05:55 AM.
10-20-2023 at 05:55 AM.
Maybe put $ into something like SGOV
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Joined Jan 2011
L6: Expert
> bubble2 1,965 Posts
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briank642
10-20-2023 at 05:55 AM.
10-20-2023 at 05:55 AM.
Quote from GoddessParis :
How is it that this post gets so many views and comments and the one I posted gets none? I consider the CD from Popular a better investment at the moment than this one and yet, no comments?

https://slickdeals.net/f/17003203-popular-direct-12-month-cd-5-67-apy?v=1
Likely because yours is from a company called "Popular Direct" and this one is for a $30B+ publicly traded bank. But maybe I'm wrong?
2
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Joined Jan 2011
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> bubble2 1,965 Posts
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briank642
10-20-2023 at 05:57 AM.
10-20-2023 at 05:57 AM.
Quote from ugabuga :
Maybe put $ into something like SGOV
Why pay a management fee when you can buy 1-3 month treasury bills so easily through any brokerage? Simply a convenience fee/ease of use question?
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Joined Nov 2005
L10: Grand Master
> bubble2 39,096 Posts
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Dr. J
10-20-2023 at 06:03 AM.
10-20-2023 at 06:03 AM.
Quote from Raphy :
It's because they can lend it out at 7.5%+
This. So long as there's a spread, they'll make money. Competition should drive these rates closer to one another.

Current 30 year mortgage rates, fixed, are around 8.6% [google.com] of course YMMV.

Current auto rates are minimum in the 5.5% range (of course YMMV dep on your credit, institution etc).
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Joined Sep 2005
L9: Master
> bubble2 4,710 Posts
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ugabuga
10-20-2023 at 06:09 AM.
10-20-2023 at 06:09 AM.
Quote from briank642 :
Why pay a management fee when you can buy 1-3 month treasury bills so easily through any brokerage? Simply a convenience fee/ease of use question?

Just options as many don't know, understand, or want to deal with tbills.
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Joined Aug 2008
Save to Spend more
> bubble2 1,362 Posts
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spooky187
10-20-2023 at 06:16 AM.
10-20-2023 at 06:16 AM.
Quote from iahawks550 :
If a person is using a brokerage, they can also find better paying, longer term cds that might be more attractive, based on their type of account and tax status. There are many cds around 18 months at 5.5%. There are even 5 year cds at 5% with monthly payouts for those looking for long term, income producing items in a retirement account.

I think you are missing the part about rates are changing fast now. So, locking in that long you can lose out on an increase with a long lock in rate. Plus the tax benefits.
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Joined Nov 2006
L2: Beginner
> bubble2 88 Posts
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CKUM
10-20-2023 at 06:58 AM.
10-20-2023 at 06:58 AM.
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.
Does it make sense to invest in Treasuries from a Roth IRA account to save on taxes?
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Joined Nov 2014
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TurtlePerson2
10-20-2023 at 07:07 AM.
10-20-2023 at 07:07 AM.
Quote from CKUM :
Does it make sense to invest in Treasuries from a Roth IRA account to save on taxes?
Roth accounts don't pay taxes. Tax considerations don't come into play when you're investing with Roth money. Treasuries are very safe and thus it might make sense to buy them in a Roth if that safety is what you're after.
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