Using Schwab for CD ladder?

[almost there]

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!

 

[Another Reader]

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.

 

[COcheesehead]

Fidelity has super easy to use fixed income tools for CD’s and bonds.

https://www.fidelity.com/fixed-income-bonds/fixed-income-tools-services/overview

You might want to check them out.

 

[LuckyDog]

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...

 

[gwraigty]

I've bought CDs at both Fidelity and Schwab, though not to build a ladder. The process is easy at both.

 

[almost there]

Ok thanks! Have learned to ask questions. And often avoid unnecessary drama... .

 

[BigMoneyJim]

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?