Best CD rate for 1 year or so—4.5%?

[Anonymous]

I have some cash from a bonus paid in March. I am looking at CDs for a portion of it for one year or so. Some I will put in T-bills. I am saving for some large expenses coming up in 3 years.

The best CD I have found is from Marcus for 4.5% for 14 months. Anyone see anything better?

My HYSA is paying 4.3% but I’d like to lock something in for a portion of this cash. Thanks!

[Anonymous]

I have the same question, OP. And do we think there will be a better rate than 4.5 any time soon?

Is Marcus safe/that investment protected by FDIC or whatever?

[Anonymous]

Yes, Marcus is FDIC protected.

4.5% is a decent rate. I bought a Marcus CD last month and might get one another soon to add to my ladder. Who knows what tomorrow will bring.

[Anonymous]

Rates have dropped dramatically this past week. I would jump on that 4.5%. 2 year treasury is now at about 3.6%.

[Anonymous]

bankrate.com lists rates, but be aware some are intro-only rates.

[Anonymous]

Yes that Marcus one is the best I found - it's FDIC insured. There seem to be more bad reviews for them than other banks - anyone use them?

[Anonymous]

Anonymous wrote:Yes that Marcus one is the best I found - it's FDIC insured. There seem to be more bad reviews for them than other banks - anyone use them?

I have used Marcus for a while, and I have never had any issues.

[Anonymous]

I had used Marcus for a while too and didn’t have any issues either. I only switched because I got a better HYSA rate elsewhere, and they made it very easy to transfer money out when I was done.

[Anonymous]

Anonymous wrote:Yes that Marcus one is the best I found - it's FDIC insured. There seem to be more bad reviews for them than other banks - anyone use them?

Marcus is a Goldman Sacks platform. It’s their only retail banking product, so not much experience in retail customer service. I would focus on the rate and the fact it’s FDIC ins.

I have 2 CDs directly w/Goldman that I got via online broker. But, no experience with Marcus platform.

[Anonymous]

I would love to a find a 2 or 3 year CD earning 4% from a bank I have heard of. Anyone?

[Anonymous]

Anonymous wrote:I would love to a find a 2 or 3 year CD earning 4% from a bank I have heard of. Anyone?

AMEX has a 2yr at 4% https://www.americanexpress.com/en-us/banking/online-savings/cd-account/?linknav=savings-nav-cd

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes that Marcus one is the best I found - it's FDIC insured. There seem to be more bad reviews for them than other banks - anyone use them?

Marcus is a Goldman Sacks platform. It’s their only retail banking product, so not much experience in retail customer service. I would focus on the rate and the fact it’s FDIC ins.

I have 2 CDs directly w/Goldman that I got via online broker. But, no experience with Marcus platform.

OP here. I would prefer buying a CD on Fidelity (I have one maturing soon). However, the CD offered through that platform at much lower than 4.5%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes that Marcus one is the best I found - it's FDIC insured. There seem to be more bad reviews for them than other banks - anyone use them?

Marcus is a Goldman Sacks platform. It’s their only retail banking product, so not much experience in retail customer service. I would focus on the rate and the fact it’s FDIC ins.

I have 2 CDs directly w/Goldman that I got via online broker. But, no experience with Marcus platform.

OP here. I would prefer buying a CD on Fidelity (I have one maturing soon). However, the CD offered through that platform at much lower than 4.5%.

Same thing from my online brokerage. These 4.5% rates are not long for this world. I bought a 3 year CD from Amex last week for 4.05%, they are sold out now.

Reconsidering equities and preferreds for new money.

[Anonymous]

Treasury rates are going up again - the 10yr is over 4% again

[Anonymous]

Anonymous wrote:Treasury rates are going up again - the 10yr is over 4% again

Breaking news, EU wants to negotiate.