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Using Schwab for CD ladder?
Old 11-05-2018, 05:39 AM   #1
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Using Schwab for CD ladder?

Anyone doing a CD ladder at Schwab?
Am considering it and am curious as to the pros and cons there....
Ally just isn't competitive these days.......
Thanks!
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Old 11-05-2018, 05:48 AM   #2
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Not at Schwab but at Fidelity. The principle is the same, although last time I looked, the platform was not as easy to navigate. There is no commission and the CD's should appear in your account. Unlike CD's sold at a bank, you can't break them and pay a penalty. You sell them on the secondary market instead.
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Old 11-05-2018, 06:27 AM   #3
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Fidelity has super easy to use fixed income tools for CD’s and bonds.

https://www.fidelity.com/fixed-incom...vices/overview

You might want to check them out.
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Old 11-05-2018, 06:42 AM   #4
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We just started a CD ladder at Schwab where most of investments are. The rates are attractive, buying is easy, and the CD's do appear in your account. We are satisfied...
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Old 11-05-2018, 08:28 AM   #5
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I've bought CDs at both Fidelity and Schwab, though not to build a ladder. The process is easy at both.
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Old 11-05-2018, 08:51 AM   #6
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Ok thanks! Have learned to ask questions. And often avoid unnecessary drama... .
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Old 11-05-2018, 08:59 AM   #7
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Does anyone have experience selling a brokered CD before maturity?

I've been using PenFed CDs as an emergency fund as their early withdrawal penalties used to be friendly, but that changed a year or two ago.

It's not clear to me how much it would hurt to need to get money out of a brokered CD in a hurry. Is there a risk of not being able to sell, or is there always a market for secondary CDs?
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