Duration 10:1

Top CD Rates August 2023 | Earn Up To 7.19%

by Diamond NestEgg

64 786 watched

1.2 K

Published 31 Jul 2023

What are the top CD rates for August 2023 that our supersavers & members have helped us put together? What are the best CD rates for August 2023 on Raisin/ SaveBetter as we kickoff August 2023? What are brokered CDs & what are the top brokered CD rates on Vanguard, Schwab & Fidelity & which G-SIB is offering this? Plus, how do these rates compare to recent T-Bill interest rates? Watch on & find out! 👉 Help keep our one-of-a-kind videos unbiased & sponsorship-free through channel membership - become a super-supersaver member: /channel/UCnexoc6tvesvcCEzZhmI-Ag/join #jenniferlammer #bonds #fixedincome ------- WATCH NEXT (member videos) ⭐ Bond Strategies Before The Sept Fed Meeting: /watch/oHYO5fUvpOavO ⭐ July Live Member Q&A: /live/tQJDTNCzf68?feature=share ⭐ Agency Bonds 101 Deep-Dive: /watch/cVT4SBSZjggZ4 ⭐ Risks Of Bond Investing: /watch/MPc59D2aCBLa5 ⭐ How Bonds Work: /watch/Mq-hIuqnO3ynh WATCH NEXT (referenced in video) 7.19% APY CD: /watch/wGxvebWOMloOv 6.18% APY CD: /watch/cRK4aeTtSrwt4 Raisin (SaveBetter) Review Tutorial: /watch/MNjv3hCXWcGXv Brokered CDs vs T-Bills: /watch/EK7N2WyiEhziN Where Are T-Bill Rates Going: /watch/E7AhR4NA38RAh _________ SOURCES https://www.aaacu.com/ https://www.cpdfcu.com/ https://www.raisin.com/en-us/https: //home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202307 www.fidelity.com www.vanguard.com www.schwab.com _________ DISCLAIMER EVERYONE'S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NEITHER DIAMOND NESTEGG, LLC, OUR WEBSITE, OUR YOUTUBE CHANNEL, OUR OTHER SOCIAL MEDIA CHANNELS, NOR THIS CONTENT & INFORMATION (THE “SERVICE”) ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE SERVICE. THE SERVICE IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT. ALL OPINIONS & FORWARD-LOOKING STATEMENTS OF THE SERVICE EXPRESSED HEREIN ARE AS OF THE DATE OF PUBLICATION & SUBJECT TO CHANGE. IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. ANY INFORMATION PRESENTED BY THE SERVICE IS NOT AN OFFER TO BUY OR SELL, NOR A SOLICITATION TO BUY OR SELL ANY SECURITIES OR PRODUCTS MENTIONED. DIFFERENT INVESTMENTS HAVE VARYING DEGREES OF RISK & THERE IS NO ASSURANCE THAT THEY WILL BE SUITABLE FOR YOUR PORTFOLIO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALWAYS CONSULT A QUALIFIED FINANCIAL, LEGAL, OR TAX PROFESSIONAL REGARDING YOUR SPECIFIC SITUATION. DIAMOND NESTEGG, LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATE OF NEW YORK AND OTHER STATES WHERE IT IS EXCLUDED OR EXEMPTED FROM REGISTRATION REQUIREMENTS. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT CONSTITUTE AN ENDORSEMENT FROM SECURITIES REGULATORS. DIAMOND NESTEGG, LLC RECEIVES COMPENSATION FROM YOUTUBE FOR THE PRESENCE OF ADVERTISING BEFORE, AFTER, AND DURING THIS VIDEO CONTENT AS WELL AS VIA YOUTUBE’S SUPER THANKS FEATURE. DIAMOND NESTEGG, LLC DOES NOT CONTROL THE CONTENT OR PRESENCE OF ANY ADVERTISEMENTS. THE PRESENCE OF ANY ADVERTISEMENT DOES NOT CONSTITUTE AN ENDORSEMENT OF THE AD, COMPANY, ENTITY, OR PRODUCT BY DIAMOND NESTEGG, LLC. ---------- CONTENT DISCLAIMER THE VIEWS & OPINIONS EXPRESSED THROUGH THE SERVICE ARE SOLELY THOSE OF DIAMOND NESTEGG, UNLESS OTHERWISE SPECIFICALLY CITED. MATERIAL PRESENTED IS BELIEVED TO BE FROM RELIABLE SOURCES & NO REPRESENTATIONS ARE MADE BY DIAMOND NESTEGG AS TO OTHER PARTIES' INFORMATIONAL ACCURACY OR COMPLETENESS. ALL INFORMATION OR IDEAS PROVIDED SHOULD BE DISCUSSED IN DETAIL WITH A QUALIFIED ADVISER, TAX OR LEGAL PROFESSIONAL PRIOR TO IMPLEMENTATION. OUR YOUTUBE CHANNEL MAY PROVIDE LINKS TO THIRD-PARTY WEBSITES FOR YOUR CONVENIENCE. WE HAVE NO CONTROL OVER THE ACCURACY OR CONTENT OF THESE LINKS. THE COMMENTS ON THIS CHANNEL, AND OUR OTHER SOCIAL MEDIA CHANNELS, ARE THOSE OF THE CREATORS & DO NOT NECESSARILY REFLECT THE VIEWS & OPINIONS HELD BY DIAMOND NESTEGG, LLC. DUE TO THE SOCIAL NATURE OF THE SERVICE, THESE VIDEOS MAY CONTAIN CONTENT COPYRIGHTED BY ANOTHER PERSON OR ENTITY. DIAMOND NESTEGG, LLC CLAIMS NO COPYRIGHT TO SAID CONTENT & CANNOT BE HELD ACCOUNTABLE FOR THE COPYRIGHTED CONTENT. DIAMOND NESTEGG SHARES & STRIVES TO VERIFY INFORMATION BUT CANNOT WARRANT THE ACCURACY OF COPYRIGHTS OR COMPLETENESS OF THE INFORMATION ON OUR SERVICE. ANY COPYRIGHTED MATERIAL SHARED ON THIS SERVICE IS INTENDED TO BE SHARED BY FAIR USE. IF YOU HAVE A COMPLAINT ABOUT THE USE OF COPYRIGHTED MATERIAL, PLEASE CONTACT DIAMOND NESTEGG PRIOR TO MAKING A COPYRIGHT CLAIM. ANY INFRINGEMENT IS UNINTENTIONAL & WILL BE RECTIFIED TO ALL PARTIES' SATISFACTION. PLEASE REFER TO OUR TERMS OF SERVICE & PRIVACY POLICY LINKS FROM OUR WEBSITE FOR MORE INFORMATION.

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Comments - 85

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@DiamondNestEgg9 months ago 👉👉 Help keep our one-of-a-kind videos unbiased & sponsorship-free through channel membership - become a super-supersaver member: />-------
WATCH NEXT (member videos)
⭐ Bond Strategies Before The Sept Fed Meeting:
⭐ July Live Member Q&A:
⭐ Agency Bonds 101 Deep-Dive:
⭐ Seven Risks Of Bond Investing:
⭐ How Do Bonds Work:
Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances & 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY. ... 12
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@melvenorc129 months ago You run the most genuine and helpful financial YouTube channel! Thank you for all you do! 44
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@eddieloujones26739 months ago I don't know. With all the bank issues I don't know if I'm comfy buying a 7 percent cd from some obscure bank or credit union. I'm sticking to Tbills for the time being. Good information though. 16
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@TheSafetyDocPodcast9 months ago 5.4% APY on 60-month share certificate at Blackhawk Community Credit Union in Wisconsin. 6
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@johnever32269 months ago love your channel ,, so informative and educational .. thank you Jennifer !!! 5
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@JohnKOTR9 months ago Honestly, these videos are supremely well done. Keep doing what you're doing! 7
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@nancychace86199 months ago Thanks and appreciation for the share - 1
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@huike99039 months ago Hi, is there differences major between quarter vs monthly interest compounded? Thanks
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@ATHJD079 months ago Love my Raisin HYS earnings, 5.20% as of yesterday, and they raise it a little every now and then, best I found for the emergency funds I don't put in T bills or CDs. I live in a high tax state, so T bills are best for me, but I still put a little in CDs in case T bills yields start to dip. Doubt it - but watching closely 'cuz I don't have a crystal ball either. 💕 ... 5
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@JetSpeed38689 months ago Hello, new to your page and just wanted to say thank you. I opened up a Raisin account and did a 5 month CD with The Atlantic Federal Credit Union. Look forward to your videos and learning more. Thanks again! 🤙😎
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@kenmaier68709 months ago Great and timely video – Thank You!
I have been trying to figure out why anyone would want a callable CD vs a Non-Callable CD. I understand the rate is higher on a callable, but if the issuer ends up calling then you are out of luck regarding maintaining that rate and defeating the purpose of locking in the rate for the term. What am I missing?
BTW – I’m new to your channel and now watching all of them !! ... 1
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@colombiabound16339 months ago Noooooo 7k max.. I was so excited for a moment 2
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@diyosmfn9 months ago What does the Fitch downgrade mean if anything for T-bills? 3
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@kymlapihlaskari3349 months ago Hello Jennifer, I am new to your site and so far I am enjoying what I am learning... My QuestIon today is, I just learned one of my credit unions (HPFCU) is offering a 6 months CD with 5.20% Dividend Rate, with a APY of 5.33%, MOD of $1,000 and a Share Certificates 6-mth DR 5.35% , APY of 5.48% MD of $100,000 M/M. it sounds good but what questions should I be asking? What's the big difference in Share Certificates a product offered by credit unions and CDs that's offered by banks? ...
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@cjengland23659 months ago Thanks for the info. Currently the best we have at Space Coast Credit Union is 5% for a 2 year CD with $500 minimum balance. 1
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@izzybee-hq6px9 months ago Buffett added that the “only question for next Monday is whether we will buy $10 billion of 3-month or 6-month” bills. Berkshire rolls over its maturing T-bills by purchasing new ones at the weekly auctions. 1
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@wewilllearn9 months ago Empower fcu 6%apr 3mos $500 new money but no max to the cd 2
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@rthilson9 months ago My credit union is at 5% 7,14,21 month cd
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@paulrickenbaker9 months ago Bread Financial is also offering 5.35% one year $1500 min. CD. The regular savings account is 4.90%. 2
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@judytaylor8199 months ago greater nevada credit union 5.15% apy 10 month 1k min.
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@cq74159 months ago I am concerned buying through Raisin because as I understand that you can not deal or talk directly with the bank you are buying from. If you have a problem later, then what. Am I wrong on this? Thanks
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@Cam-jx2wo8 months ago If I'm interested in T-Bills, CD's, etc other low-risk options to park money should I go to Fidelity or buy myself?
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@daytonasailor72469 months ago LGFCU offering 6.5% for 6 month CD with $250 min. Restricted to NC though.
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@wallace_n_gromit31809 months ago The New Market-Leading CD Rate Is 7.23% APY at Lewis Clark Credit Union 3
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@user-gu8fz7vf3n9 months ago Why no mention of Merchants Bank of Indiana? They offer 12-, 24- and 36-month flex CDs that follow the Fed's moves. Currently, their APY on all three of the above terms is 5.92 percent. That is 42 basis points above the next best 12-month rate in the nation. It's also 49 basis points above the most recent Treasury 52-week auction price. The rate is the prime rate (currently 8.50 percent) minus 2.75 percent, or 5.75 APR, which equals 5.92 APY when compounded daily. If the Fed raises again, Merchants Bank matches them. If the Fed lowers, Merchants lowers also. But their rate is always a quarter point ABOVE the Fed's upper limit and a half point ABOVE the Fed's lower limit. Unless you think the Fed will lower rates considerably in the next 12 months, this is a great investment opportunity. ... 2
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@aperson11819 months ago Isn'it worth locking longer-term CDs now, like 5-6 yrs instead of playing with 6 mos? Is the rate about 3%? pretty low,
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@danielfischer43049 months ago Would it make sense to start buying 10 or 15 yr treasuries now with the idea to sell them when rates drop? The assumption is that rates are at (or close to) peak and that they will eventually drop in the next year (s). Yield now is about 4.1%. When the yields will drop, the price of the treasuries will go up. For ex. if I buy at $100 now, when rates drop a little, even to say 3.5% I could sell at $117 or so, a nice 17% profit in addition to the 4.1% interest. If however, rates do not drop in the next 10 years, then I will only make the 4.1%/yr. Does this make sense to you? ...
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@eepoe19 months ago Crescent Bank currently has a 12-month at 5.45%, 18-month at 5.20%, and other rates on 2-year to 5-year. 2
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@rebeccawehrle61599 months ago Is there a fee to sell (redeem) CD / t bills from any of the financial institutions including Treasury Direct? 3
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@rowenayoung91009 months ago USAlliance financial offers cd 18 month 5.70 apy 1
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@OroborusFMA9 months ago Goldman Sachs online did tick up its CD rates after the most recent Fed hike. Their one year CD is now 5.00%. Personally I prefer a CD in the 12 to 18 month rage. A seven month CD, six month CD, three month CD are to me a waste of time unless the rate was crazy high. ... 3
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@karenclark65918 months ago I have called credit unions and asked if the CD is callable. The person doesn't know what I am talking about. When I explain they say oh no it isn't.Well not good enough. Does anyone else have this experience? It is not on their website either ...
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@uzifelner61479 months ago If they need the money so badly by offering a much higher rates than anyone else 7.19%
Why limit the amount to only $7,000 Max? Something doesn’t add up! 2
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@jackiedel6239 months ago Fitch downgrade today. Any changes to watch for in TBILLS or cd’s? 1
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@mhxprs9 months ago how to buy CD for the retirement account 2
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@teacherdavid--eatplaylearn50139 months ago We NEED this NOW!!🤑
Thank you!!!!!!!!!!!!!🤩
Jesus loves everyone!😇🥰 2
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@jeffknecht27339 months ago Will the Sept '23 government default that is being discussed now affect Treasury Bills? 8
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@Thisishard23339 months ago Is the pause here? The 4,8,17and 26 are the same as last week.
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@kimappreciateslife9 months ago Synchrony 5.10 for 12 months & 5.0 for 18 months
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@user-vx2mb7no9n9 months ago Marcus from Goldman sachs new cd rate of 5% for one year 3
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@onlywenilaugh65899 months ago Alpena not worth the effort for $289 bucks interest on max 7k for 7 months.
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@dranb70748 months ago So this would be great if the limit wasn’t 7k lol. CD rates right now are no where near 7%, if you can only put 7k in it I mean 🤷🏻‍♂️. If you need the cash to be liquid there are much better options. If you’re in a high tax bracket you can put cash in a tex free municipal money market and earn 6.5% that fully liquid 100% of the time and no fees. Brokered CD’s come with fees, as do most bank products. Or you can do a money market and get 5.4-5.5. Again these are much better options vs a CD, as you don’t pay any fees and the cash is 100% liquid incase it’s needed. ...
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@melhoffman73899 months ago What do you think of Sallie Mae 18-month CD at 5.55% APY? 2
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@dantrikur-jy1tp9 months ago Do you trust online banks? I like brick and mortar institutions. Makes me feel better. 1
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@ConfettiCrazy9 months ago marcus’s 10 month at 5.05% special promotion is back! 3
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@ramanglory9 months ago @DiamondNestEgg: Do you recommend to invest in Gold ?