Any good CD Recommendations?

I prefer 2pac over Biggie

I’d imagine there’s anywhere from 5-5.5% out there to be had.

Thank you.

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Why not a Treasury?

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That thought has crossed my mind.

Goldman Sachs is offering a 6 month CD at 5.4%

And they are liquid. No penalty to sell early.

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they are liquid. No penalty to sell early.

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Yeah extremely liquid - you sell them at market rate so if you do sell pre mature you might not get yield you expected. You are also buying on open market. You basically can buy any duration. Maturing in a month or 20 years

Basically if market expects return of 5% and the coupon rate is 3% then then bond will sell at a discount to achieve 5% yield. Aka you buy $1,000 bond at $950 - that plus coupon of 3% will get you 5% yield.

So if you buy a 6 month yielding 5% and the rate goes to 6% you maybe have to sell at a bigger discount then you bought

If you hold to maturity though you get yield you expect

Correct that Treasury Bills don’t have a penalty to get out of but you are subject to the current market price which could be lower than the price you paid.

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Why not a Treasury?

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That's what I've done to park some temporary cash while I wait a little to see what the Fed is going to do with short-term rates. I currently have 14 Treasury bills, ranging in maturity from June 13, 2024 to November 30, 2024.

The YTM on them when I purchased them ranged from 5.262% to 5.400%.

Besides the better liquidity factor, no state income taxes on interest earned on Treasuries, the fact that with Schwab the maturing amount is deposited into my brokerage account on the date of maturity (no waiting for the bank to deposit its maturing CD as collected funds a couple of days after maturity date), I also don't have to worry about exceeding the FDIC insurance limit with Treasuries. Much more convenient and flexible in that sense.

Look at First Horizon high yield savings. Website says 5.05% for 3 months. Its been going between 5 and 4 percent over that last year.