Brokered CDs

No, banks typically use savers' funds to buy treasury, therefore t bills are few bps over CDs.

 

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REALLY , like one old timer said ''most of the stuff i worrried about never happened''
I percieve you are smarter than the lady that whined ''dont tell me it does no need to worry=most of the stuff i worry about NEVER happens''LOL
i would rather do a cd + money markets this year+ not loan the federal gov much@ all this year. No tax@ all on anything in Roth accounts.....................................
If you look @ who + how the larger funds are loaning money market funds;
seems such a small risk or none perhaps.
One downgrade all ready by S&P on US gov debt.

 

Placed an order for Bank of China 1 month CD, CUSIP DSN4J5947, yield 4.8%. I think the yield is higher than 4 week tbills.

Correct my previous statement, interesting time we live in.

 

Yeah, I'm seeing brokered CDs, with maturities from 3-12 months, at 4.90 - 5.05%
.

 

3-12 months is too long for me, this is parking money ready to buy the dip.

 

Since this is my first brokered CD, I submitted an order for a $5k CD, 3 month maturity, at 4.95%. I just want to see how this works and make certain I don't screw anything up.