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Brokered CD's, Charles Schwab or Fidelity?
Old 05-04-2022, 01:42 PM   #1
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Brokered CD's, Charles Schwab or Fidelity?

Any reason to go with one over the other?
Setting up a new 5 yr CD ladder.
So, I need to choose one.
Note both are located in the same business park. 100 feet apart...lol lol


Thanks!
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Old 05-04-2022, 01:54 PM   #2
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There should be no difference.
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Old 05-04-2022, 03:14 PM   #3
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There’s another Fed meeting mid-June where they are expected to raise rates again. You may want to spread out your CD purchases over the next 2-3 months.
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Old 05-04-2022, 03:19 PM   #4
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I haven't looked at Fidelity in a long time but their "skim" was about the same as Schwab the last time I looked.
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Old 05-04-2022, 03:50 PM   #5
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Thanks, yea, plan to buy a few 3 & 6 month CD's. And go from there.
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Old 01-31-2023, 02:00 PM   #6
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Reviving this one as we have recently bought our first CD ladder at FIDO and some 18 months at Marcus.

Are there anything to consider with FIDO not being the issuer? Thinking of doing more if no big deal...
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Old 01-31-2023, 02:44 PM   #7
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Banks issue CDs which are usually FDIC insured. Fidelity is not a bank.
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Old 01-31-2023, 03:26 PM   #8
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Quote:
Originally Posted by almost there View Post
Any reason to go with one over the other? ... both are located in the same business park. ...
I would visit and get pitches from both and understand how your potential new account would be handled. Get a gut feel for the places. If you bring assets over $1M I believe both will give you an assigned rep. In that case, interview some reps to see if you find one that seems like a good fit. Tell the branch manager what your preferences are; sex, age, investment interests, experience in the industry, etc. https://brokercheck.finra.org/ is your friend.

IMO the name over the door is much less important than your comfort with the people relationships.

There is frequent discussion here about the small spiffs you can get for signing with a broker. The dollar values of these IMO are trivial compared to portfolio values and hence not a good reason to select one broker or another.
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Old 02-02-2023, 02:43 PM   #9
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Charles Schwab. Referred by a friend. $500,000 deposit. Get a $1000 reward
Fidelity. $ 1million deposit. Get I think $500 or was it $1000.
This was back in December 2022.
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