audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
These Schwab symbols make me want to cough and sneeze!
These Schwab symbols make me want to cough and sneeze!
I take it SNSXX is Schwab's purest form of a nearly 100% treasury bill/note/bond MM fund.
I have SPRXX for our core in the CMA and it is at 4.11% today.
I thought the CMA was stuck with FDIC bank cash as the core. If I can change the core I’ll do it!
I’m already doing this with FDRXX. I don’t make deposits into the CMA often, and I transfer them to FDRXX when I do. Yes, I knew that it would take withdrawals from whichever money market fund. Works great, been doing that for years.Just manually place an order for the amount you have in core (or leave some minimal amount - it's going to collect some interest at month end anyhow and stick around) to buy SPRXX (or other money market fund you'd prefer) - it will take the funds from the core. If you later purchase something, it will first look to the original core, pull from there, then go to the SPRXX to pull from there. You can verify that everything is kosher by checking the balances screen and you'll see that before/after the transaction your settled cash and funds available to trade will be the total of the core plus SPRXX (and likely any other money market funds you have in the account).
When I first did this, the activity and order screen didn't look right, because the cash balance it was showing was from core only, which I had around $5, but placed orders for thousands. I called just to check and the rep said to ignore it and just go by the balances screen as mentioned above. With the new Beta version they've removed the cash balance from the activity and order screen.
I've also done this with other accounts where I didn't like the options it offered for core.
anyone seeing cds with 5 percent for any term?
anyone seeing cds with 5 percent for any term?
anyone seeing cds with 5 percent for any term?
Nope, just slow and steady.Amex Bank to 3.3%. Ha ha, I thought they were already there!
We are waiting for some FDIC insured CDs at 5% too. Fingers Crossed for the new year.
But ~4.3+ in MM is not too shabby while we wait.
Likely not going to happen. If we go back a month or two, we can find the same post by someone waiting for 6% CDs. What's happened since then? Fed continued increases, CD yields heading lower. The peak yields at and just above 5% have likely already been seen.
There is certainly nothing shabby about 4.3% in money market yields...until the Fed pauses or announces a rate cut.
We'll see.
Likely not going to happen. If we go back a month or two, we can find the same post by someone waiting for 6% CDs. What's happened since then? Fed continued increases, CD yields heading lower. The peak yields at and just above 5% have likely already been seen.
There is certainly nothing shabby about 4.3% in money market yields...until the Fed pauses or announces a rate cut.
We'll see.