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I have some money at Fidelity in a taxable account I intend to spend over about 3 years, and I need to put it in something that's not too volatile. I was thinking brokered CDs as an option.
There's 1 yr CDs at 5.6%. I think I'll put some $$$ there, but also create a ladder, so I have liquidity at 3 / 6 / 9 month intervals, in addition.
I've never purchased a CD through a brokerage account before, only directly through banks. This is a new experience. Easy-Peasy, the money's already there, so one less step.
I generally have 2-3 CDs in my Fidelity account. Their money market account is currently paying near CD interest rates, but it does fluctuate with the market.
I bought my first brokered CD recently at 5.55%. Was easy to get, no new account needed, the only issue I saw is that it is callable, so no guarantees that I can stay in it for 13 months.
I generally have 2-3 CDs in my Fidelity account. Their money market account is currently paying near CD interest rates, but it does fluctuate with the market.
The MM is where the cash is, as a default. I see the current 7-day yield is 4.98%.
There's 1 yr CDs at 5.6%. I think I'll put some $$$ there, but also create a ladder, so I have liquidity at 3 / 6 / 9 month intervals, in addition.
I've never purchased a CD through a brokerage account before, only directly through banks. This is a new experience. Easy-Peasy, the money's already there, so one less step.
I bought quite a few at Fidelity and TD. Super easy.
Yeah, we use that, too. Much easier than going from bank to bank.
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