Us cibc CD rates
12 MONTH CD
5.36% APY
24 MONTH CD
4.75% APY
We may charge a 30 day penalty if you withdraw your CD funds before maturity.
We’re backed by CIBC, a 150-year-old Toronto-based global financial institution. Our U.S. headquarters is in Chicago, Illinois.
https://us.cibc.com/en/agility/certificates-of-deposit.html

Selecting the best mutual funds to achieve long-term financial goals remains a challenging task for investors. Russel Kinnel, Director of Manager Research for Morningstar, has dedicated nearly three decades to this endeavor. He oversees Morningstar’s North American Morningstar analyst ratings committees, responsible for vetting the prestigious Morningstar medalist ratings frequently cited in the financial world.
Link

Thanks @dtconroe,
Hope both of us are alive & well in 15 years.
Worth noting that money market funds back in the 70s and up to the 2007-09 financial crisis were less regulated and, while quite safe, took on more risk than they can today. So those 15-20% rates are a bit over-stated. Apples to oranges.
Doubt I’ll ever succumb to going all to cash. Admittedly, that would have been the smart move 18-20 months ago before the bottom fell out of equities. I enjoy investing and tracking a widely diversified portfolio too much to give it up (a “fool’s errand” perhaps). But the bumps in the road are getting harder to ride out with age.

“ … in my lifetime as an investor, I haven’t seen cash yields this high ”
Gosh, I do remember earning 15-20% on money market funds during my early working years. :)
Along with that, the aisles in grocery stores (1970s) were often filled with store employees busy changing the previously marked prices to try and keep up with the ongoing increases. Without bar codes / scanners every bottle of ketchup or loaf of bread carried a marked price. One wonders if all this remarking itself contributed to the inflation rate.
No doubt. Cash at today’s 5% (+ -) looks very compelling, especially to the “over the hill” crowd.

I am also experiencing some degree of nostalgia with some of the recent posts, especially looking at the past 15 years. Around the 2000 to 2007 period, CDs were paying 5+% and I was shopping banks for the best CD rates and terms. Then the financial markets went into a crisis period, with banks closing, major business closings, and the government cutting rates, stimulating the economy, and trying to focus on financial stabilization and economic growth. I have never seen anything like the Covid years, supply chain and manufacturing disruptions, and the renewed fight against inflation in the last few years. 5+% CDs are back, we are fighting inflation again, but now I am in retirement, focused more on preservation of assets than accumulation of assets. I hope I am around for another 15 years so I can participate in investing philosophy, but the odds are that I will not be alive.

Good news is that Fitch is NOT downgrading all US financials to AA+ (as the S&P did in 2011). So, Fitch is maintaining AAA ratings for "New York Life Insurance Company, Northwestern Mutual Life Insurance Co. and Teachers Insurance and Annuity Association of America".
https://www.fitchratings.com/research/insurance/insurance-aaa-unaffected-by-us-downgrade-financial-conditions-key-risk-02-08-2023

@Yogibearbull. Thanks. I was wondering today whether some U.S. corporations carry a higher credit rating than the U.S. government. Sounds from your comment that some do. Quite remarkable.
Fitch did reference political instability in the reasons for the downgrade. Something everyone should keep in mind.

Good news is that Fitch is NOT downgrading all US financials to AA+ (as the S&P did in 2011). So, Fitch is maintaining AAA ratings for "New York Life Insurance Company, Northwestern Mutual Life Insurance Co. and Teachers Insurance and Annuity Association of America".
https://www.fitchratings.com/research/insurance/insurance-aaa-unaffected-by-us-downgrade-financial-conditions-key-risk-02-08-2023

Try this yourself.
Check your credit score.
Go apply for a bunch of credit (credit cards, student loans, HELOC,etc.)
Max out all of these cards
Apply for more Credit
Max that out
You discuss your credit related debt with your wife… she says, “raise your debt ceiling”
You divorced your wife on grounds of insanity
Your net worth is cut in half
Your 2.5 kids move back in with you
Your Ex-wife never moves out because it's too expensive for her to buy or rent
She starts dating your financial advisor
He now collects more than 1% for his services
You lose your job
You check your credit…oops, you have been downgraded.

Highlights:
It’s important to recognize how your financial behaviors may impact your credit scores
There are several factors that are used to calculate credit scores
There are many different credit scoring models, or ways of calculating credit scores

Makes sense to me why US Credit score just dropped!
https://equifax.com/personal/education/credit/score/how-do-your-actions-affect-your-credit-scores/

@old_Joe
I agree the lack of a sweep account is a very big negative for Schwab. I just forgot to move a large T bill redemption to a MMF for a month and figure it really cost me
Vanguard is a disaster, Schwab is cheap and costing me money, but I hate to put all my accounts at Fido.
I worry about a company that is privately help and does not have to report financial results regularly.
There are problems with them all
Anybody else satisfied with other alternatives?

Timing for debt downgrade is never ideal. While odd, Fitch had the US on negative outlook and may have deliberately avoided the period around the debt-ceiling fiasco, a mistake that the S&P/McGraw Hill made on 2011.
Only 2 US nonfinancial companies, JNJ & MSFT, are rated AAA. These aren't related to the US debt rating.
But in 2011, all US financials were downgraded to AA+ or lower on the theory that no US financial could have debt rating higher than the US. This when only the S&P did the downgrade. IMO, some US financial could easily be AAA, if not for this artificial ceiling.
There was a temporary hit to stocks in 2011 after the S&P downgrade, but McGraw-Hill suffered more. Basically, it disappeared as a public company, and today, there are public S&P Global/SPGI (in the meantime, it also gobbled up all of the Dow Jones indices) and only private McGraw-Hill Education.
For years, people said that 2 out of 3 major ratings counted, so the US remained AAA/Aaa even after the S&P downgrade.
But now, with Fitch (owned by Hearst; also publishes Cosmopolitan, Seventeen, etc) joining S&P, 2 out of 3 becomes AA+.
Moody's/MCO (with 13.45% owned by Warren Buffett/BRK) remains at Aaa.
The SEC recognizes 10 NRSROs - Nationally Recognized Statistical Rating Organizations, but so far, the big 3 count. Note that DBRS is now owned by M*; Kroll is the old Duff & Phelps. www.sec.gov/about/divisions-offices/office-credit-ratings/current-nrsros
Edit/Add. There was a Fido alert last night of an event in my brokerage account. It was on the downgrade of my Treasury holdings. Schwab & Vanguard haven't sent similar alerts yet.

SPY and IEF (7-10 yr Treasuries) 1 year prior and 1 year after, July, 2011. Keep in mind, many financial markets and economies had still not settled from 2008, especially Europe. One would have made money in many bond areas.
Global markets Aug 1, 11:30pm EST (active data, click anytime)
I don't think the big money, at this time, cares about the Fitch move.
Edit: PERHAPS a nice excuse to take some profits from the hyper performance this YTD in some categories, at least by some of the big players.

Similar story to @Crash / Warnings started popping up a year ago on my ipad that “Your device is infected by a virus.” Ignored them at first. After a few weeks I could see signs they had ripped into my DejaOffice files on the device and had been trying to export the contents. Will never know how much, if any, they made off with. This is having a modern device updated regularly with Apple’s latest IOS. First known episode in over 20 years using both Apple products and the DejaOffice app. (You can store an awful lot of personal / financial data over that time.)
Anyway, eventually I paid for a basic Norton anti-virus package. No more problems. But the issue did cause me to have to delete all the contents of my ipad and start over. Fortunately, had saved copies of older uncorrupted DejaOffice files I was able to reload - though somewhat out of date.
Footnote: This wasn’t too long after moving from cellular based wi-fi (slow) at home to Starlink’s broad-band service (much faster). I’m thinking the faster internet connection made me more vulnerable to being hacked. Just a guess.
No problems since all that.
Well … a few months later I received a notice from IdentityGuard that someone had tried unsuccessfully to change the password on my account with them. It failed because the person’s identity couldn’t be confirmed. Had the attempt succeeded, they’d have gained access to all my credit reports / files.

I believe that both Fido and BoA used to use Yodlee but no longer do so.
FullView is okay, used to be superior, but now My Financial Picture is more quickly complete and up to date, in my experience. Also a simpler account management interface.

Sometimes it feels like we expect financial situations to be quantifiable and behave like a chemistry operation where all of the various materials, inputs, and processing can be measured within tolerances of .001%. OK, manager "X" is very successful in environment "Y", and the results are great. So let's just replicate that.
The problem of course is the various materials, inputs, and processing which actually constitutes environment "Y". Some of the factors which make up "Y" may be reproducible, but a good many are not, because unlike chemistry, financial operations are subject to constant uncontrollable influences from the overall financial environment, creating complex conditional sets which change over various time frames, and are impossible to standardize.
So, manager "X" may be a constant, but the results of moving him/her from environment "Y" to environment "Z" are always going to be unpredictable.

I agree that it is open with Schwab, but it should not be.
From January 31, 2023:
https://www.sec.gov/Archives/edgar/data/1494928/000139834423001516/fp0081525-7_497k.htm
Excerpt:
Purchase and Sale of Fund Shares
Sales of Retail and Institutional Class Shares of the Fund are closed to new investors except as noted below. Existing shareholders of the Fund (including clients of any financial adviser or planner who has client assets invested in the Fund) and certain eligible investors may purchase additional shares of the Fund through existing or new accounts and may reinvest dividends and capital gains distributions. New shareholders may open Fund accounts and purchase shares directly from the Fund (i.e., not through a financial intermediary). Further, any trustee of RiverPark Funds Trust, or employee of RiverPark Advisors, LLC or Cohanzick Management, LLC, or an investor who is an immediate family member of any of these individuals may also open new accounts and purchase shares of the Fund. The Fund reserves the right, in its sole discretion, to determine the criteria for qualification as an eligible investor and to reject or accept any purchase order. Sales of shares of the Fund may be further restricted or reopened in the future.

@FD1000: You can sit there and blather whatever you want. It doesn't change the fact that coming from middle-class families with little inherited wealth we can now sit here without any financial worry, and that our American Fund financial advisor played a significant role in that.
American Funds never charged any load when selling and reinvesting in a different fund. You would have us believe that you know everything about everything, but your world view is so self-centered that all that you accomplish is pomposity and arrogance. Hubris... how pathetic.
But I'm pretty sure that many others have already commented on that.

I don't why you got offended. I asked several questions I didn't know the answer to. I also didn't say anything about your investment ability, nor did I post anything about my past record. I'm glad you are doing well and hope you will do great in the future.
In my opinion, no one should ever pay 5%, and most should not pay even 1% annually when Vanguard's annual fee is 0.35% for its all-index investment options and 0.40% for an active/index mix. A good adviser can and should have a clear plan that lasts for years, and only make changes in major events, and why most who need advice should do it every several years or in major events.

Has anybody looked into or invested in BINC - Blackrock Flexible Income ETF? Inception is late May 2023. About $125M AUM.
https://www.blackrock.com/us/financial-professionals/products/331752/?referrer=tickerSearch
Can this be a good substitute for PIMIX, a fund with massive AUM?

@FD1000: You can sit there and blather whatever you want. It doesn't change the fact that coming from middle-class families with little inherited wealth we can now sit here without any financial worry, and that our American Fund financial advisor played a significant role in that.
American Funds never charged any load when selling and reinvesting in a different fund. You would have us believe that you know everything about everything, but your world view is so self-centered that all that you accomplish is pomposity and arrogance. Hubris... how pathetic.
But I'm pretty sure that many others have already commented on that.

There hasn't been a requirement to invest with a financial advisor or to pay a load to buy American Funds for about a decade now. Most big brokers like Schwab waive their front end loads for A shares or "F-1" shares, and there are other share classes that have no load. Also, their fees for active management are reasonable, not as cheap as index funds, but what is? Admittedly, the alphabet soup of share classes is confusing.
Here's an example: https://schwab.com/research/mutual-funds/quotes/summary/gfafx

FA(financial advisers) catch 22. When your knowledge is below average, you can't distinguish between a good FA to below average/average one.
When your knowledge is above average, you don't need a FA.
I never invested with AF funds. Suppose I start with 1 million using an American financial adviser.
1) The FA invested in 3 AF funds. Do I pay 5% = $50K?
2) After 3 years, international stocks look great and I want to invest 0.5 million in it. I sell 0.5 million from the funds I own and buy the new fund. Do I pay a new 5% for the new fund?
3) Can you invest in other fund families? Do you pay any commission to buy Vanguard/Fidelity funds?

I agree with respect to the zillion share classes at AF. When we were investing there I just stayed with the "A" class. Fortunately after a few years we were able to invest there with diminishing loads, and finally without load. Load funds were not uncommon in those days, but I never did think that charging 5% or so to buy into a fund was really justified.
We knew nothing about funds then, but fortunately we had a very good AF advisor who helped us understand the ins and outs, and what the whole thing was all about. Part of that 5% paid his salary, and I have to concede that he was a big factor in our present financial well-being in retirement.