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CD rates on the rise


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  • 2 weeks later...
On 2/17/2023 at 11:19 AM, Jim_n_NYC said:

I buy my T-bills through Fidelity.  They have both the secondary and the treasury issue ones.  The Treasury issues don't have a fee.  I'm still doing 3-month bills and the rate is just above 4.7% now.

Latest buy is just a hair below 5% for the 3 month treasuries.  Came out to 4.95% when I computed using compounding every quarter.  The best regular 3 month CDs on Fidelity were listed at 4.65% (which comes out to 4.73% with quarterly compounding).

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4 hours ago, rojjodc said:

Just saw an artic le that some banks are offer rates of 6% now!

I was like 'Artic what?'  At first, lol.  The rates I'm watching are short term (3 months) since I don't want to lock in anything long term while rates are going up.  Powell testified to Congress today and said (to the effect) that rates may have to go up more than they expected to tamp down the economy (to tame inflation).

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