ST Alpha - "ST Poll: Brokered CDs / Default to Discover / or chase rate?" (Reading a Post)

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ST Poll: Brokered CDs / Default to Discover / or chase rate?

Posted by oblique (aka kkuphal) Apr 27 '23, 08:48

Getting our tax refund from solar soon and looking to park the cash until we need it for tuition payments over the next 2 years. I may be over thinking this but do I :

- Look at brokered CDs on e-trade? Seems I can do Goldman Sachs 5.1% paid monthly (1 year maturity)

- I already have my HYSA at Discover (3.75% APY). They have 12 month CDs for 4.50.

- CIT seems to have the best rate around, 5% APY for 6 months.

I don't really see the downside the brokered CDs but am I missing something?

Responses:

We just did 3 month T-bill at 5% through Vanguard. E-Trade might not offer those. The CD pays monthly? That's a good rate and Goldman seems solid(safe - zunkskunk Apr 27, 08:58 3
- Yeah, I see that. I could do a 5.145% Treasury for 3 months also -- nm* - oblique Apr 27, 09:15
- not sure. I guess the monthly would just be paid like a divided/interest and be in the cash part of the portfolio - oblique Apr 27, 09:04 1
  - hmmm -- nm - Pippy can't read Apr 27, 09:05
pork bellies -- nm - decline Apr 27, 08:48 1
- orange futures -- nm - Beryllium Apr 27, 08:50

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ST Poll: Brokered CDs / Default to Discover / or chase rate?

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