Top CD Rates August 2024 | 9% Promotional CD Offer Through December 9th (NCUA Protected)

[@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: LATEST WEEKLY BOND UPDATE: kzbin.info/www/bejne/jKSmmqCwl8aGj5o COMPARING CD vs TREASURY RATES WITH FIDELITY'S CALCULATOR: kzbin.info/www/bejne/oGapgqeYitSDqsU 9% CD OFFER: www.expresscu.org/bank/cd/ mapping.ncua.gov/ www.bcu.org/resources/campaign/pr-deposit-specials www.truliantfcu.org/locations alto.bmo.com/en-us/high-yield-cd/ savings.breadfinancial.com/products/certificates-of-deposit www.capitalone.com/bank/cds/online-cds/ www.marcus.com/us/en/savings/high-yield-cds www.synchronybank.com/banking/cd/ home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_ >>>>>>>>>> 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 SAFETY

[@PCConditioning]

Morgan Stanley 5.73% APY. Only $1K minimum deposit; $5 mil maximum; new money only....great deal!

[@chrisjones1849]

Don't you have to have a financial advisor do this for you with Morgan for a comisson? Like you wouldn't be able to open an account and set it up and manage that yourself like you can with Fidelity?

[@boodles07]

@@chrisjones1849looks like you do need a financial advisor. Not a slick deal!

[@poolmilethirty2859]

Thank you so much, Jenn and Ellen C, for sharing this great investment. I want to add Bask Bank has a 12mo CD at 5.25% it just went down from 5.30% The only thing that kept me from opening was that I had to finish transaction on a cell with a selfie.

[@frankmarsh1159]

I keep a selfie on my phone and a photo of my driver's license...Many banks require ID verification...Getting up to 5.70 percent on some of my CDs.

[@Netizen_101]

I wish it’s more than 5k max to make it more enticing. $450 just isn’t enticing enough.

[@phasmid123]

CIT Bank (not Citi) platinum savings account has 5% APY on balance of $5000 or more. Pretty good rate with no lockup period like CDs.

[@Thisishard2333]

Washington State? Geez. Missed by 3200 miles🤷🏻‍♂️

[@DiamondNestEgg]

If we ever find a great CD offer in your state, you'll be one of the first to know Steven!

[@minwild]

Sallie Mae Bank has a 15 month CD at 5.15% for an extra 3 months at this highest rate from a healthy bank.

[@eddenoy321]

Thanks Jennifer. I really value CD rate surveys since some of the main sources for this info have dried up in 2024. So it is an open online informational gap now and should really boost your viewership. Dollar Savings Direct had 3yr 5% CD's for a very long time and they lowered it last Friday to 3.50%. 😭

[@sourabhguha]

What’s the catch? How are they able to offer a 9% rate?

[@mdribblecastle]

Woooo! Who would have thought it would only be WA state. Sweeeeeeeeeet, just wish it wasn't capped at $5K.

[@PeaceGuyForEarth]

I live in Seattle - thank you for alerting me to this opportunity!

[@buildingAbiz]

I don't think I have ever clicked on a video faster than this one lol 😅

[@billb9679]

Express credit union is VERY SLOW to respond to my application. There appears to be a credit union management issue that other potential customers may wish to also consider. Please respond with your individual experience when applying for a 9% CD. I am considering discontinuing the application process.

[@tracylong9480]

Sallie Mae is offering 5.20% 13 months CD rates, and 5.10 12 month rate.

[@de_pin5835]

BMO alto is not available to everyone. I tried last year. The automated system rejected me. Also many outfits want to delay your application claiming that they need to do manual reviews,credit checks etc. By the time they ' approve' the rate changes down or in this case,MAYBE, the 9th day is gone. Thanks for the infos diamond girl!

[@debrabullion3766]

I waited to long and didn’t pull the trigger on BMO’s 60 month at 4.75%. Lesson learned. It dropped aug 1st. I was trying to use fidelity’s tax equivalent calculator. Question, is the local income tax they ask for on the calculator the same as the sales tax? I wasn’t sure. Love these updates Jen! ☺️

[@DiamondNestEgg]

Hi Debra - It’s the local income tax rate (not sales tax). Give me a few days - I’m trying to check out a few other promotions that folks have sent our way since yesterday.

[@Nita36989]

California coast credit union 9.5% for 5 months

[@goma12x]

Sweet I live in Seattle and they are located in So do buy 6th and Holgate if you are in Seattle. Thanks for the info

[@Nicole-zv7ee]

Lending Club is also competitive with their CD rates, as well.

[@streetpilot775]

I opened a UFB Bank High-interest savings account about a year ago paying 5.1%. About 3 months ago I noticed it had dropped to 4.5% so I called to complain. I figured what did I have to lose? Customer service was very courteous; they agreed to raise it back up to 5.2%, and it has been there ever since. I realize that it will eventually follow interest rates down but unlike a CD, I also have access to that cash anytime I need it

[@JeS_SicKa]

How has an online credit union been around 90 years?

[@justmyopinion4now]

Schools First C U in California offers 4.85% for 37 mos

[@eddenoy321]

@tinarhodes4188 That may be the highest 3yr in the nation right now . I wish I could join.

[@garryqualman8187]

Mountain American credit union currently has growth CDs of 5.25% start with $10 and add each month to maturity of 6 or 12 month. Mandatory auto transfer each month of $10 or more.

[@powdermagnet]

3 Month T-bills at 5.3% look good for a ladder strategy with auto renew until rates drop - yes?

[@jerrysgoodstuff280]

Great information as usual but where's the crocodile?

[@buildingAbiz]

Just got a (3 days ago) 5.3% money market savings account with a guaranteed 5.3% APY rate until February 2025 from 5/3rd bank

[@jackhidden1847]

What was the min deposit? 25K?

[@buildingAbiz]

​@jackhidden1847 Yes $25k was the minimum required to get us that rate

[@Nicole-zv7ee]

I did not know about BMO Alto. Thank you for the great video!

[@Ikamcmorris]

I am not going to Seattle to open. Can i open online?

[@lovehusky02]

Synchrony 5.15% is for 9 month CD now. The 13 Month CD rate is lowered to 4.8 APY today.

[@DiamondNestEgg]

That was fast. We just checked before posting this & it was still at 5.15%. Stay tuned - we may have another coming to the community, but need to do some due diligence first.

[@willwriteforgummies]

Not surprised by the lower rate, but weirdly, a credit union I bank with, Star One, just informed me yesterday that they were raising their saving account rates. THAT was a surprise lol.

[@poolmilethirty2859]

Wow, that's very sneaky of them. Thanks for the heads up.

[@srercrcr]

5.3 is common

[@Howiefm28496]

The 9% is probably going to be available to about 100 CU customers only.

[@Funexpected]

Eaglebank has 9 and 12 mo @ 5.38%, 9 mo @ 5.30%, and 18 mo @ 5.08%. Opened the 18-month today.

[@DiamondNestEgg]

Thanks for sharing

[@fretzie01]

Hey, how did you open your cd account? online or in person? I’m worried about safety and security That’s the best cd rate atm in DMV area

[@Funexpected]

@fretzie01 Online. I felt the same about security when I opened CDs with other unknown banks to me, but I see that they have physical buildings and are FDIC insured.

[@fretzie01]

@@Funexpected how long did the process go before your cd officially opened?

[@Funexpected]

@@fretzie01 immediate

[@1984mrcool]

Great video as always

[@josephjuno9555]

MYGA Annuity are paying 5.7% all the way out to 20 years!

[@commave34]

The option of becoming a member of the Duchess county SPCA to join the TEG credit union is no longer available.

[@DiamondNestEgg]

That was fast - it was still there on Saturday when we checked - thanks for sharing.

[@poolmilethirty2859]

I wish i had known about this 9% CD sooner.

[@kersi-sandiego6036]

Why not buy 3-month T bills paying 5.1% at Schwab and keep reinvesting the proceeds every 3 months?

[@siegfriedwolfgang7745]

Yup, been doing it for months now.

[@chrisjones1849]

​​@@siegfriedwolfgang7745Are you liking Schwab better than say Fidelity for the t-bills or does it not matter to you? I haven't tried Schwab yet but thus far Fidelity's interface is user-friendly

[@pdouglas3866]

Because that ship is about to sail this coming September.

[@mmane257]

here in louisiana hancock whitney bank is offering 3 and 5 month CD’s at 5%. minimum opening balance of 1k.

[@DiamondNestEgg]

Thanks

[@kc6715]

Another great video, thank you!

[@eliseleblanc740]

FYI Capital One has a “hidden” 14 month cd rate of 5%. It looks like you can only get this if you are renewing an existing CD

[@poolmilethirty2859]

They do offer incentives to existing customers. Matching offers.

[@DiamondNestEgg]

Thanks for sharing Elise

[@Unapologeticallyher]

Is that right? Mine expires in 2 weeks. I'm gonna try that​@@poolmilethirty2859

[@poolmilethirty2859]

Also, for IL and Wisconsin residents, Byline Bank 6mo CD 5.30% and Wintrust Bank 7mo 5.20% they both have min deposit though.

[@DiamondNestEgg]

Thanks for sharing!

[@mariceldb2990]

Wow you’ll be keeping a lot of the interest with their tax free state income tax… lucky Washington people.

[@wilma6235]

Don’t brokerages charges fees on brokered CDs making you earn less than going directly to the banks?

[@marysjourney2]

Are all the CDs mentioned in the video non-callable?

[@DiamondNestEgg]

Hi Mary - all of these bank CDs are not callable but do check to see what the early withdrawal penalties are. I have a few more CD offers that we‘re doing some due diligence on. Give us another 2 - 3 days. Jennifer

[@BearPapa49]

Ok I must move to Washington st after this video

[@67NewEngland]

- 7:07 “interest earned on treasuries is exempt from state and local taxes”. *But are treasury yields federally income taxed …?

[@gmv0553]

Yes

[@alexadams1627]

Missed the boat on brokerage CDs at Fidelity 😢. Thank you for this uplifting CD video Jennifer.

[@thehonesttruth8808]

What were they offereing?

[@ebrahimhabib477]

Thanks for your great work

[@fretzie01]

Has anyone opened a CD from Eagle Bank? online or in person? Trying to see if it’s safe to do so online I’m in DMV area

[@RJ_Chicago]

What would be the reason why someone would invest in a CD that is paying less interest than the approximate 5.14% that the Schwab money market fund is paying? Thanks.

[@michaellightbown9492]

CD rate is locked in for the term of the CD. Money market rate can drop at any time and probably will with rates coming down soon.

[@momowowowo]

BMO update the rate to 4.3% as well for 35mo and on

[@JimHertel-bb2lp]

CD from LendingClub 5.20% APY for 10 months

[@wickg.wickinla]

Just saw at Marcus CD 5.15 % for 12 Months

[@Yette]

Raisin has the best CD offers

[@Jon-da-bad]

bread saving has very restrictive withdraw rules

[@srercrcr]

and their rate isn't TOPS

[@ld4122]

Thank you!

[@chuckbatson595]

Now thinking about moving to WA... 🤔

[@jojoba619]

California Coast Credit Union is offering a 5 month CD @ 9.5%.

[@p.m.2914]

Did you read their conditions? they're horribleeeee

[@udaykhatry]

Not in Washington state.

[@Republic1usa]

CD = tax

[@commonsense6967]

Yes, though there's no state income tax in many states, like mine.

[@emilylee9894]

You still come out ahead in comparison.

[@srercrcr]

So what? Your wages are too

[@dogsarefun2]

not for IRA

[@fretzie01]

Pretty much like if you earn more, you get taxed more Better to earn more