Vanguard Brokerage CD questions

bizlady

Full time employment: Posting here.
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Mar 6, 2008
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We keep about 3 years of expected withdrawals from our IRA in money market funds. We are new to the brokerage accounts within Vanguard.

CD rates seem relatively decent, and we are considering purchasing new CD's that are FDIC insured. What, if anything, should we be aware of when purchasing? Are there any backend fees- it seems like purchasing them has no fees...
 
No fees. The broker gets paid a commission by the bank issuer. Your yield will be the CD rate.
 
Vanguard currently has a 5%, 5 year noncallable rate offered by City National Bank. That's not too shabby.
 
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