ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I know a lot of us have PenFed CDs maturing soon. I have a whopper (for us, $xxx,xxx.xx) maturing in late December and 2 more in late February 2019. I have them going into our savings account at maturity. I am thinking of moving the first one to Vanguard VMMXX till I make a Decision on what to do with it. It is Cash as opposed to an IRA. We do not have a checking account at Vanguard.
I guess I have some questions, before I break down an call both institutions:
1) Does an ACH Transfer have a limit on the amount of funds that can be moved into Vanguard, when initiated from Vanguard?
2) Should I set up the Vanguard external account in anticipation of the move
so Vanguard can suck the money out, as PenFed has a $5k push limit?
I do not want to lose too many days with no returns once it matures. I assume some folks here would have experience with this type of thing?
Thanks in Advance for your thoughts.
I guess I have some questions, before I break down an call both institutions:
1) Does an ACH Transfer have a limit on the amount of funds that can be moved into Vanguard, when initiated from Vanguard?
2) Should I set up the Vanguard external account in anticipation of the move
so Vanguard can suck the money out, as PenFed has a $5k push limit?
I do not want to lose too many days with no returns once it matures. I assume some folks here would have experience with this type of thing?
Thanks in Advance for your thoughts.