I am very pleased with Vanguard overall, but for me it appears to have been a mistake to move my CD ladder to Vanguard.
When I first made the switch, non-callable brokered CD rates at Vanguard were reasonably close to some of the best CD rates offered elsewhere. I think that was largely due to a rising interest rate.
With these falling rates, it appears to be easy to get much higher rates elsewhere on non-callable CDs. For example, I just got a non-callable CD I found through DepositAccounts site that will yield many thousands of dollars more over a five year period. It was handy having all of my CDs with Vanguard, but man, I'll take accept some hassles for thousands of dollars.
I'm sure there are valid reasons Vanguards rates aren't as high, but it's something to consider for those thinking of consolidating their CD holdings with Vanguard.
When I first made the switch, non-callable brokered CD rates at Vanguard were reasonably close to some of the best CD rates offered elsewhere. I think that was largely due to a rising interest rate.
With these falling rates, it appears to be easy to get much higher rates elsewhere on non-callable CDs. For example, I just got a non-callable CD I found through DepositAccounts site that will yield many thousands of dollars more over a five year period. It was handy having all of my CDs with Vanguard, but man, I'll take accept some hassles for thousands of dollars.
I'm sure there are valid reasons Vanguards rates aren't as high, but it's something to consider for those thinking of consolidating their CD holdings with Vanguard.
Statistics: Posted by fairbanks — Thu Sep 26, 2024 8:50 pm