Best CD Rates August 2024 | 9.5% 5-Month CD

[@DiamondNestEgg]

💎Get our popular bond course bundle & save $80: www.diamondnestegg.com/home#_paa2isucf 💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners 💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters 💎And join our super-supersaver membership for regular market updates & monthly live member Q&As kzbin.info/door/nexoc6tvesvcCEzZhmI-Agjoin >>>>>>>>>> WATCH NEXT >> Our Bond Courses vs KZbin Membership | Which Is Right For You: kzbin.info/www/bejne/fmbLZXivnZWboNE >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: kzbin.info/www/bejne/q4mzq5WgmpaaaKc >> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: kzbin.info/www/bejne/pmqTenejjdNkb9U >>>>>>>>>> SOURCES & FOLLOW-UP VIDEOS FOR TODAY'S VIDEO: Part I: TOP CD Rates August: kzbin.info/www/bejne/hnzTmWyOfLiFhqs www.calcoastcu.org/cd-accounts/celebration-certificate/ www.calcoastcu.org/membership-benefits/ www.tegfcu.com/certificates-iras/ www.dcspca.org/donations www.eaglebankcorp.com/personal-banking/cd/ www.morganstanley.com/what-we-do/wealth-management/cd-savings >>>>>>>>>> Here is the overview for Bond Beginners: 1. Bond Basics What A Bond Is & How A Bond Works Why Invest In Bonds New Issue vs Secondary Market Bonds Interest Rates & Bond Prices Current Yield & Yield To Maturity Always Remember This! Buying At Par, Above Par & Below Par Different Types Of Bonds Wrap-Up 2. The Risks Of Bond Investing Seven Key Bond Risks Credit Risk Interest Rate Risk Reinvestment Risk/Call Risk Inflation Risk Liquidity Risk Currency Risk & Country Risk Bond Risk Mitigation Strategies Wrap-Up 3. US Treasuries Overview What Are US Treasuries Why Invest In Treasuries Where Can You Buy Treasuries How Are Treasuries Taxed Wrap-Up 4. Treasury Bills What Are Treasury Bills (T-Bills) When Do T-Bill Auctions Happen Where Should You Buy At Auction Auto-Roll When Buying At Auction Where To Find Recent Auction Results High Rate vs Investment Rate Reopening Auctions Cash Management Bills (CMBs) Buying & Selling On Secondary Market Wrap-Up 5. Treasury Notes & Bonds What Are Treasury Notes & Bonds When Do Auctions Happen Buying Treasury Notes & Bonds Auction High Yield vs Interest Rate Floating Rate Notes (FRNs) Treasury Zeros (STRIPS) Wrap-Up 6. TIPS (Inflation-Protected) What Are TIPS When Do TIPS Auctions Happen Nominal vs Real Yields Negative Yields How Do You Adjust TIPS For Inflation Taxes On Phantom Income Secondary Market Liquidity Wrap-Up 7. I-Bonds (Inflation-Protected) What Are I-Bonds How Does I-Bond Interest Work I-Bonds vs TIPS The Annual I-Bond Limit Wrap-Up 8. Agency Bonds The Universe Of Bonds What Are Agency Bonds How Are Agency Bonds Taxed Treasuries vs Agencies Who Might Want To Consider Agencies Yield-To-Call & Yield-To-Worst Where Can You Buy Agency Bonds Wrap-Up 9. Municipal Bonds Our Bond Universe Gets More Complex What Are Municipal Bonds How Safe Are Munis How Are Munis Taxed The De Minimis Rule Social Security & Medicare Premiums Treasuries, Agencies & Munis Who Might Want To Consider Munis Wrap-Up 10. Corporate Bonds Our Bond Universe Is Complete What Are Corporate Bonds How Safe Are Corporates Corporate Bond Hierarchies Five Key Features Of Corporate Bonds How Are Corporates Taxed Treasuries vs Corporates, Etc. Who Might Want To Buy Corporates Wrap-Up >>>>>>>>>> Here is the overview for Bond Masters: 1. Stocks vs Bonds Historical Performance Are Bonds Really Less Volatile Why Invest In Bonds Accumulation vs Decumulation Allocation of Stocks vs Bonds Wrap-Up 2. Which Bonds Might Be Right For You Treasuries & Other Types of Bonds Nominal vs Real Yields Inflation vs Non-Inflation-Protected Taxable vs Tax-Advantaged Accounts Wrap-Up 3. Bond Ladders & Other Bond Strategies Normal vs Inverted Yield Curve What Is A Bond Ladder 5 Important Bond Laddering Questions Laddering When Rates Are Rising Laddering When Rates Are Falling Laddering When Rates Are Uncertain What Is A Bullet What Is A Barbell Wrap-Up 4. Holding to Maturity vs Selling Early Why Hold to Maturity When To Sell Early Before Maturity Tax Implications Of Selling Early Wrap-Up 5. Individual Bonds, Bond Funds, Etc. Why Buy Individual Bonds Why Buy Bond Funds Bond Fund Considerations Key Bond Fund Concepts CDs vs Treasuries Other High-Yield Investments Wrap-Up 6. Our B.E.S.T. Model Portfolios By Age Our B.E.S.T Model Portfolios By Age Model Portfolios In The Industry B.E.S.T Model Portfolio Difference How Much Do You Need To Retire? How I Use The Rules of 100, 110, & 120 B.E.S.T Model Portfolios (20s) B.E.S.T Model Portfolios (30s & 40s) B.E.S.T Model Portfolios (50s & 60s) B.E.S.T Model Portfolios (70s+) Wrap-Up 7. The Decumulation Phase What Is The Decumulation Phase? Bear Markets & Recessions What Can You Do In Bad/Bear Markets Decumulation Tax Considerations The 4% Rule The Bucket Strategy The Flooring Approach Jen’s Bucket Strategy With A Twist Wrap-Up >>>>>>>>>> Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETYkzbin.infogaming/emoji/7ff574f2/emoji_u1f48e.png

[@okboomer6201]

Flagstar Bank is offering a 5.15% apy on a 7 month CD. You can do it all online and I have two of them.

[@DiamondNestEgg]

Thanks for sharing

[@Elitesmile123]

Thank you!!

[@Userllmaa]

I opened the 6 month cd with morgan Stanley. Here is the catch. You don't get APY rate at all. As interest does not compound and only added when it matures. So you onky get the simple rate as 5.65%. they also chargev$150/ year for the account. You buy $1000/cd. FDIC insured each person up to 1/2 million. And not easy to get their rep to return your call just fir open CD. I never had brokerage account like this, you have to be proactive to get all thise details. Also, my rep told me, the promo expires 8/13/2024.

[@rickybobby6605]

Good info. FYI multiple funds paying over 5% right now. Now, that might change soon…

[@darrellm.9622]

$150 for a account lol crazy​@rickybobby6605

[@darrellm.9622]

​@@rickybobby6605GET a high yield savings account 4.75% free no $150 bank fee😂😂😂

[@frankie9652]

Thank you for sharing this info

[@wildmanofborneo]

It's calculated with compounding. Doesn't have to disburse interest to compound.

[@richhahn2443]

Discover is offering a 5.10% APY* with a 9-month CD.

[@LinguaSalina]

Here are some of the top CD rates available in August 2024, along with their durations: LendingClub: 5.20% APY for a 10-month CD1. NASA Federal Credit Union: 5.20% APY for a 9-month certificate1. Bread Savings: 5.15% APY for a 1-year CD1. First Internet Bank: 5.15% APY for a 1-year CD1. Synchrony Bank: 5.15% APY for a 9-month CD1. Sallie Mae Bank: 5.15% APY for a 1-year CD1. Marcus by Goldman Sachs: 5.15% APY for a 1-year CD1. Popular Direct: 5.10% APY for a 1-year CD1. Alliant Credit Union: 5.05% APY for a 1-year CD1. EverBank: 5.05% APY for a 9-month CD1.

[@DiamondNestEgg]

Thanks for sharing!

[@LinguaSalina]

@@DiamondNestEgg You"re welcome. Love your channel!

[@silviebordeaux5799]

What do you think about fixed myga annuities?

[@thehousingvlog7034]

May I ask why you would lock this money up in a CD if you can get these rates with a HYSA?

[@leoramirez3146]

Baskbank no cd 5.10

[@mcwilliamsjk]

THANK YOU for this video, I was able to do this and get into this promotion!!! Called immediately to set this up as soon as I watched this. Great help!

[@jeaninepeterman4510]

California coast credit union has a 9.5% cd $500 minimum and $3000 maximum.must live in california

[@jeaninepeterman4510]

I took advantage of this

[@ATHJD07]

Wow I'd jump on a 9.5% 5 mo CD if I qualified. Thanks for posting these CD videos. I always watch in case you spot a good one that a Maryland resident might qualify for.

[@DiamondNestEgg]

If/when I find a Maryland one Anne, you’ll be the first to know!

[@kraxkill4747]

No thanks. This bank forces you to tie up more than double the money you can deposit into their CD. So essentially this means that the 5% or so you can get in treasuries if you were to invest the same total amount is actually a bit more than the 9% you get with this CD on half your money and in treasuries the income is also free of state income tax. So this bank then takes you cash and invests in treasuries, skims a few points off the top while getting people to open accounts.

[@VR_investments]

What do you mean it forces you to tie up double the moneyn

[@genxmurse7019]

​@@VR_investments For whatever amount you invest, the bank will want you to open an account double that amount so the other half of it will have to remain in that account. In order to get the agreed % return, you cannot withdraw or transfer any of it prior to the time requirement. In short, they're making free interest from half of your bankroll... The 9.5% is really a 4.75%.

[@Patty19750]

So in other words the 9.5 offer is not worth it?

[@garymarquez1556]

Greetings Jennifer. Are you still buying T Bills? What have you done with your ladder? I watched your vlog from 1 year ago when you said based on the inflation rate, unemployment rate and the Fed talking about further rate hike it was a good time to buy T bills. So now, inflation is down to 2.9% not quite the fed goal, unemployment at 4.3 definitely not at the fed goal and now Chairman Powell is talking about rate cuts of 25 basis points in Sep. So do you recommend maintaining my T Bill ladder at this point in time? Thanks for your outstanding content.

[@JamesSurferRVM]

We need a September update - rates are dropping fast. Struggling to find any reputable banks offering 5.25% or within that range for 9-12 month minimum CD terms

[@staceyrileyartist7884]

Darn! Any chance you’ve seen a rate like this that applies to ppl living in other states? 🥺

[@wildmanofborneo]

They just called my cd. Paid me what they owed and released themselves from further interest obligation. Now I have to buy lower rate CD. Bummer.

[@marysjourney2]

Would like to see best CD rates for non-callable CDs. Seems the higher rates are all callable.

[@DiamondNestEgg]

Hi Mary. From Jennifer: "All the bank CDs in this video are non-callable. If you are looking for brokered CDs, the higher rates are generally callable. All the non-callable ones will typically have lower rates." Hope this helps. Best - Eva

[@vio4jesus]

Uhhhh better check their customer service and rating..... CC

[@terrywalia9474]

Please share the referral link or code for Cal Coast Credit Union thanks

[@SB-rn4fy]

Nice! Thanks for sharing

[@Rossy-tf2jh]

Thank you ! 😄

[@optionfinder3663]

Can you discuss tax liens on properties?

[@Chiroman527]

That was a Big Business in the 90s! Real Estate tax liens are purchased by certain companies who sell off interests (like REITs) to investors. In those days of a real estate bubble debacle / recession, the various Counties in the country would issue tax liens for the non-payment of real estate taxes (Houses, Commercail properties, etc). Some properties are DOGs, others not so much. Tax Liens DO cut off any Mortgages filed against the property. So, if there is value to tthe property, the mortgagees will Jump in to pay off the taxes owed before getting Cutoff. The liens used to accrue interest at 18% per annum. If they are paid off - the lien holder get the total taxes owed PLUS all the default Interest. If not paid off, the lien holder foreclosees the tax lien, cuts off any debt behind it, and takes title to the real estate. Therein, is the risk: Squatters, old owners who refuse to leave, and the resell risks. ZI never did it, but I am considering now. Hope this helps a little.

[@darrellm.9622]

😂😂😂PAY your taxes on your property 😂😂won't be a tax lein

[@Chiroman527]

Jenn, saw a 5.15% , 1 Year CD at Marcus Bank (Goldman Sachs' bank). I'm seriously considering transferring 2 IRA CDs at Flagstar Bank (formerly NY Community Bank - a total Debacle occurred at NYCB in January 2024, my former Employer ). I'd love to see your Video about Direct Trustee to Trustee Transfers of IRA CDs. IRS rules are a bit ambiguous and I certainly don't want to trigger Distributions / Penalties as a Retiree (73 YO).

[@2Tone-x8h]

How can you justify TEG’s cd rate and a $50 annual SPCA membership fee? I don’t understand how this would be profitable. Please help me if I am overlooking something.

[@DedraDoss]

Hi what does TEG stands for?

[@ebrahimhabib477]

Great video

[@bstephenson5684]

I think JetBlue is doing a 9% and I found a 9% at Phoenix Capital Group but I think minimum is $100k

[@jerryneibauer8184]

Phoenix Capital Group

[@jerryneibauer8184]

What is your best CD rate?

[@jerryneibauer8184]

Best cd rate at Phoenix Capital Group?

[@1953T]

Do some checking first, see more just google them: Phoenix Capital Partners is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

[@jordanj5284]

What is the 9% phoenix capital group with the 100K minimum? I'm very interested

[@codyaugustin3019]

I’m new I’ll be watching

[@basamnath2883]

Thank You so much...I appreciate Your efforts

[@makeyourlifeeasier5794]

Ecellent info AND who doesn't love a "Puppy CD!"

[@George-gx4ul]

Max. $3K? Nice try!!!😅😅😅

[@eddenoy321]

Thank You DNE