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Chuck Schwab


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2022 Dec 27, 7:45am   1,324 views  16 comments

by komputodo   ➕follow (1)   💰tip   ignore  

Chucky is offering 1 yr CDs at about 4.7%. Any thoughts about that?

Comments 1 - 16 of 16        Search these comments

1   clambo   2022 Dec 27, 7:51am  

I have not been a fan of CDs after I started investing in mutual funds in the early 1980s.
2   1337irr   2022 Dec 27, 10:23am  

Depends on your risk tolerance. You can earn 7% with blinklending.com.
3   Patrick   2022 Dec 27, 10:41am  

You'd still lose to inflation, but it's probably better than holding cash at the moment.

I worked at Charles Schwab for 5 years and have to say they were a good employer and seem to be a very honest company.
4   zzyzzx   2022 Dec 27, 10:45am  

It's about the same rate as 6 month T-Bills. The T-bills don't incur state income taxes (supposedly).
5   RWSGFY   2022 Dec 27, 10:46am  

komputodo says

Chucky is offering 1 yr CDs at about 4.7%. Any thoughts about that?


(Checking inflation numbers) Um, no.
6   krc   2022 Dec 27, 11:18am  

Ok - so what is the best place to keep cash that is relatively "safe" but can get returns close to inflation?
I recall some special short term treasury rate but I think that is over now...
7   HeadSet   2022 Dec 27, 1:53pm  

Those rates are getting common now:


8   stfu   2022 Dec 27, 5:19pm  

Schwabs money market is paying near 4.26% without having to lock it up for a year. SWVXX
9   Patrick   2022 Dec 27, 5:50pm  

One lesson from the 2001 crash was that money market is NOT CASH and can decrease in value.

So you can put $1000 in money market one day and find that you have $900 in it the next day. Learned this the hard way.
10   stfu   2022 Dec 28, 3:21am  

Patrick says

One lesson from the 2001 crash was that money market is NOT CASH and can decrease in value.

So you can put $1000 in money market one day and find that you have $900 in it the next day. Learned this the hard way.


What was the ticker? I want to look that up.
11   zzyzzx   2022 Dec 28, 5:21am  

This a local bank to me:
https://www.cfg.bank/personal-banking/personal-deposit-rates/

4.86% APY 12-Month Term Certificate Of Deposit

4.15% APY High Yield Money Market Account
12   zzyzzx   2022 Dec 28, 5:51am  

https://www.cnbc.com/quotes/US3M

3 month Tbill rates Yield | 8:44 AM EST 4.457%

https://www.cnbc.com/quotes/US6M

3 month Tbill rates Yield 8:43 AM EST 4.754%

I normally buy these through a brokerage account.
13   RayAmerica   2022 Dec 28, 6:26am  

12/29/2021 the yield on a 1 year T-Bill was 0.2030%

12/28/2022 the yield on a 1 year T-Bill is 4.75%

Just imagine the dramatic effect these rising rates will have on our already insane national debt, which no one seems to care about.
14   porkchopXpress   2022 Dec 28, 7:36am  

It's not always about beating inflation but also preserving capital in what appears to be a stagflationary environment.
15   FortwayeAsFuckJoeBiden   2022 Dec 28, 9:56am  

Tbills right now iffer better, state tax free.

all those cds are them buying tbills, skimming off the top and giving rest to you.
16   FortwayeAsFuckJoeBiden   2022 Dec 28, 10:43am  

zzyzzx says

https://www.cnbc.com/quotes/US3M

3 month Tbill rates Yield | 8:44 AM EST 4.457%

https://www.cnbc.com/quotes/US6M

3 month Tbill rates Yield 8:43 AM EST 4.754%

I normally buy these through a brokerage account.


which company you use for this? or are you directly on treasury website?

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