When are you all buying CDs/ I bonds? Now or are you waiting?

[scfr]

Is that non-callable? Where did you find it?

Regional CU special
Non-callable
Found it on the DepositAccounts.com web site

[disneysteve]

We had a Treasury mature yesterday that was paying 3.157%. I just reinvested the money in a 3-yr agency bond paying 4.948% YTC (1st call 12/23). That means on 100K we'll earn almost $1,800 more on that money over the next year, almost $150 more every month.

[james.hendrickson]

I love when people deploy their capital efficiently Way to go Disneysteve.

[scfr]

Just pulled the trigger on a 5-yr CD at 5% APY. Not a huge amount because I was unsuccessful in convincing DH to break a lower-earning CD to put in more even though the math makes sense. There's a chance rates will go up a bit more, but there's also the chance rates on long term CDs will decline, so it will do for now! Just feels like good timing to this long-time rate chaser.

A deal popped up for 5 years at 5.25% and this time I WAS able to convince DH to break that lower-earning CD and we redeployed the funds at the higher rate. (DH has the classic "losses hurt more than gains feel good" mentality, but over time can be convinced to see the error or his ways - haha.)

If you are CD rate shopping, be sure to check your local / regional credit unions!

[disneysteve]

If you are CD rate shopping, be sure to check your local / regional credit unions!

That is definitely good advice, but I would also say to be sure and check brokered CDs with your broker (Vanguard, Fidelity, Schwab, whoever).

I'm at a point in my life where I want things consolidated as much as possible. I'm even willing to take a bit less interest to have everything in one place and not be juggling multiple accounts and moving money around every time something matures. We now have over 600K in our Vanguard account spread over 25 CDs, Treasuries, and agency bonds maturing over the next 3-1/2 years. I love the convenience of just making a few clicks to buy a new one when one matures. Maybe we could eke out a bit more jumping from bank to bank, though possibly not since brokered CDs tend to pay better, but it's just not worth it to me.

[scfr]

That is definitely good advice, but I would also say to be sure and check brokered CDs with your broker (Vanguard, Fidelity, Schwab, whoever).

I'm at a point in my life where I want things consolidated as much as possible. I'm even willing to take a bit less interest to have everything in one place and not be juggling multiple accounts and moving money around every time something matures. We now have over 600K in our Vanguard account spread over 25 CDs, Treasuries, and agency bonds maturing over the next 3-1/2 years. I love the convenience of just making a few clicks to buy a new one when one matures. Maybe we could eke out a bit more jumping from bank to bank, though possibly not since brokered CDs tend to pay better, but it's just not worth it to me.

Brokered CDs are an option, we have a couple, and I look at them as part of the shopping around process, but the rates on noncallables (which is what we're looking at since we think this is a good time to be locking in longer terms) aren't nearly as good and I'm not a big fan of the way interest is paid out.

[disneysteve]

Brokered CDs are an option, we have a couple, and I look at them as part of the shopping around process, but the rates on noncallables (which is what we're looking at since we think this is a good time to be locking in longer terms) aren't nearly as good and I'm not a big fan of the way interest is paid out.

The interest is different as it doesn’t compound. I’m okay with that since we have so much in the same account. As the interest pays out I’m able to just roll it into the next purchase. And the settlement account pays good interest for the time that it is sitting there.