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Top related persons:
SLM — - 2 Sallie Mae — - 2 Sallie Mae's - 1 Morgan Stanley - 1 Betsy Graseck - 1 Graseck - 1 — CNBC's Michael Bloom - 1 Greg McBride - 1
Top related locs:
Wells Bank of Indiana Treasurys
Top related orgs:
Federal Reserve - 2 Investors - 1 Treasury - 1 Bank of - 1

Search resuls for: "Sallie Mae —"


2 mentions found


☆ Too good to last? This bank cut its 5.5% one-year CD rate just weeks after hiking
  + stars: | 2023-09-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +1 min
Less than a month after hiking its 1-year certificate of deposit yield to 5.5%, SLM — or Sallie Mae — has cut its sweetened rate back down. The annual percentage yield on the bank's 1-year CD is now 5.1%, a 40 basis-point trim. At the time, the 5.5% rate made Sallie Mae's 1-year CD the most generous offered by the banks under Wells Fargo's coverage. That title now belongs to Bread Financial , which now pays a 5.5% yield on the instrument, and a 5.55% yield for customers who want to renew their 1-year CDs. Select banks have boosted deposit rates as the Federal Reserve has tightened its monetary policy since March 2022.
Persons: SLM —, Sallie Mae —, Sallie Mae's, Morgan Stanley, Betsy Graseck, Graseck, — CNBC's Michael Bloom Organizations: Federal Reserve Locations: Wells
☆ The Fed’s expected rate hike is about to sweeten yields on these investments
  + stars: | 2023-07-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
The Federal Reserve is widely expected to boost interest rates by another quarter percentage point Wednesday afternoon – and that's terrific news for fixed income investors hoping to grab a little more yield. Since March 2022, the central bank has raised rates 10 times – with July's expected hike marking the 11 th increase – to cool inflation. Consider that during the week of March 11, 2022, the rate on the 2-year Treasury note was 1.75%, according to Refinitiv. Investors who wish to squeeze a little more interest income from their cash holdings have opted for Treasury bills, with the 6-month bill yielding 5.5%. By buying multiple notes of different maturities, investors can "ladder" these Treasurys and reinvest the proceeds from maturing bonds into longer-dated issues.
Persons: Greg McBride, maturities, tradeoffs, McBride, SLM —, Sallie Mae —, Nick Wells Organizations: Federal Reserve, Investors, Treasury, Bank of Locations: Bank of Indiana, Treasurys
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