Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Over the years, I have chosen varying ways of taking my RMDs, at differing ways. When I was heavily using a Bond OEF strategy, I chose to take my RMDs on a monthly basis, from the monthly and predictable PIMIX monthly dividends. A few years ago, PI…
JPMorgan callables are sucker bait. They will be called, and as soon as possible.
I reserve the term "sucker bait" for introductory high yield bank CDs that automatically roll over to some lower rate before you can get out. Even if you get a free t…
I have noticed MM rates at Schwab have started declining again--not major drops but it seems every 7 days, the rates have reset and dropped a bit. Who knows what the Feds will do, but no doubt there is increasing pressure on them to cut rates.
Just took a look at available CDs at Schwab. There has been a huge reduction of CD offerings over the past few weeks. I would say the "Compelling" period has passed for now, and there are only a handful off offerings for any term over 6 months. L…
When I moved to Schwab from Fidelity, Schwab was matching "cash incentives" offers, from competing brokerages. They matched an E-trade offer for me.
Did they match the terms of the offer or just the amount? Merrill requires one to maintain the b…
@msf,
The Merrill cash bonus offer looks better than anything I have seen elsewhere. I did not see the program end date if there is one.
I would be interested in an ACAT transfer from Fidelity IRA to Merrill IRA. I checked a few Fidelity funds…
I also posted this as a separate subject, but since we're looking at CDs here I thought that I'd ask here also-
I'm wondering if any of you folks have a preferred site for checking bank safety ratings for use in buying CDs?
Thanks!
https://www.depo…
I use: https://www.depositaccounts.com/banks/health.aspx
Go to this website, and click on "Banks", and it will give you a bunch of information about specific banks, including Bank Ratings.
The nature of free/competitive market is that NOTHING stays at top forever. Well, maybe, Fido HSA that has ranked #1 in over a half-dozen years that I have been watching.
Brokerages have their pros and cons. I can say this because I have accounts a…
There are institutional share classes and institutional investors. Schwab has designated more funds as accessible only to institutional investors / advisory platform; some of these funds are accessible to retail at Fido but the institutional share c…
I don't know much about the Vanguard Brokerage, except for what I read. I know it traditionally is such a low fee brokerage, that you get some benefits for more of a "passive" based approach to investing, especially buy and hold long term investing…
At Schwab $1.00 minimum. SWVXX 1 YEAR +5.27. Their prime money market, should be similar to VMRXX.
SWVXX is not currently paying 5.27%--it resets every 7 days, and is currently paying 5.16%. Its rate has been dropping for about the past 2 months. …
At Schwab $1.00 minimum. SWVXX 1 YEAR +5.27. Their prime money market, should be similar to VMRXX.
SWVXX is not currently paying 5.27%--it resets every 7 days, and is currently paying 5.16%. Its rate has been dropping for about the past 2 months. …
Any investor with $3,000 can BUY VMRXX paying 5.29%.
Looks like a Vanguard Money Market Fund--I can't get it at Schwab, where all my brokerage assets are located. I can get a comparable fund, with that interest rate, at Schwab with a $1million cash…
Stillers: "I find nothing compelling about a 1-yr CP CD rate of 5.45% when VMRXX is paying 5.29%. On a $100K investment, the difference over the 12-months is ($5,450-$5,290 or) $160 IF the MMkt rate holds steady for the full period. That piddly diff…
IMO, the most compelling CP CD rates are at 5 years. This is a moment in time that will pass far quicker than many here think. Not sure what is compelling about 1-12 mo rates when Prime MMkt funds are paying just about the same and provide full fl…
dtconroe: I am sorry. I seem to have sort of hijacked your thread. So, this is my final post on this thread.
No problem--CD commentary seems to have played out.
Just about the same situation here. I'm trying to get my wife comfortable using the Schwab site but it's going to be a challenge.
I don't expect my wife will ever go to the Schwab site and make investing choices on CDs. I do expect that she will …
I am sort of going the other way. As my CDs mature, I am redeeming them. The last one will mature in about 2 months. Putting the cash in our MM fund for right now. It is paying a fraction over 5.25%, but plan to later go with a I-T Bond Fund.
…
I went and looked -- there's a one-year CD from Wells Fargo at 5.4% right now.
Yep, shorter maturities (3mo, 6mo, 9mo, 12mo) are adding higher yielding CDs the last few days. 5.4% seems to be available from many well-known banks, including the 5.4%…
Follow up--the 1year CD paying 5.3% disappeared before I could purchase it today. As an alternative, I bought a 9 month CD paying 5.35%. This was acceptable for me as I was seeking a short term CD for my taxable account. I focus on liquidity more…
I understand that each person has to look in the mirror, make some very personal assumptions, and then invest accordingly. When I look in the mirror, I see a relatively healthy person, with a family history of living into my mid to late 80s. But I…
I am redeeming cds as they mature and moving the cash to my VG MM fund, 5.27%. If cds start paying better than the MM, I may invest again at my cu. I only buy cds at my credit union. It has always paid a good rate. I will not shop around for a fe…
Bought an 18 month non-callable CD this week at Schwab, to replace one that matured last week. The CD pays 5% interest, and is from an A rated bank. The 18 month CD fits well into a CD ladder I have in place. As a retired person, I am very comfor…
I continue to use CDs as long as they keep paying 5% or more. Currently at Schwab, they have a significant number of non-callable CDs. For me in retirement, it is a very comfortable, no risk way, to make the 4 to 6% TR that I seek in retirement. I…
With CDs maturing, it is a bit surprising (at least to me), that CDs have started ticking back to the 5+% level for the 1 year and 18 month durations. Along with 5+% level MMs, that gives a pretty attractive and safe array of investing options, wit…
I have a financial link between my Schwab Taxable Account and my Capital One Bank Account. I will transfer money back and forth, between these two financial institutions, depending on where the best CD rates are available--very fast and simple. Fo…
With my Turbo Tax preparation of taxes, I have found if I owe too much to the IRS, I am pretty much required to send an Estimated Tax amount the following year, as IRS does not want large taxable amounts due at the end of the year. I pretty much e…
There are many varying components, regarding the CDs that fit your personal situation, whether you are talking about CDs for taxable assets vs. retirement assets, what kind of termination fee components work for you, etc. etc. I prefer Bank CDs for…
My experience over the last month is that I can find much better rates on CDs directly from Banks, than if they are offered through Brokerages. I have bought 12 month CDs from Capital One at 5.25%, but brokerage CDs through Schwab are under 5%. I…
@DT. thanks for sharing your thoughts on how youuse CD’s. I think an important point to remember is that “personal finance “ is just th at. It’s very personal and we are all on unique paths.
Absolutely--the difference between CD rates from my b…
”This thread is directed toward those who currently own CDs.”
I’ll stay out of this discussion than. Just wanted to say that it’s nice to see CDs receiving some attention on the board.
hank, thanks for being respectful of the intent of this thread.…
I have found attractive rates at my favorite on line banks but sometime soon that will be over too. My CD addiction delayed me from age related simplification of our assets but one fund solutions are looking more attractive as falling rates will be…
As a Super Senior, CDs are very important in our savings and planning.
They offer security and liquidity and beat the low savings offered at our local CU. We have about 20% in Mutual funds and that makes us over extended if one uses the 100-age rule…
Yes and no. I bought some US Treasuries this week that are maturing in 3-6 months with yields about 5.3%. I consider them comparable to CDs with certain advantages. My CD ladders will have issues maturing every 6 months or so over the next 5 years. …
As Yogi just said, "report payment delays to the FDIC. While FDIC coverage won't kick in from delated CD interest payments, but it is valid to ask if the bank involved is in any kind of trouble. Both FDIC and the Fed watch banks who top the lists of…
Crash: "Not gonna touch any of the critters mentioned here, for precisely the reasons discussed. My experience in this direction is limited to a single ADR which is underperforming. "Foreign issuer" was allegedly the reason for the delay--- not to m…
My semi annual Barclays CD interest payment showed up today. There is a process, between the Bank and the DTC, that can get short circuited occasionally, with a CD interest payments. I have had a large number of CDs,with many different banks,but …
