Fidelity auto-roll
I also preferred to search the health of the Bank before purchasing CDs, but recently stopped that practice. Spoke directly to a Fidelity fixed income specialist and I was reassured that Fidelity does a certain amount of due diligence regarding brokered CD banks and FDIC insurance is not the sole criteria. As of now, most of my CDs are set to auto-roll.
PS> On various comments regarding the "quality" of the Fidelity web-site. I have used many different bank and brokerage websites and find that Fidelity is the best. That includes both the functionality and user friendliness. This comment does not cover the "Full View" functionality as that can certainly be improved.
I use the SPAXX mm as the core and as the CDs in my ladder mature they are automatically swept into that account. Then I rinse/repeat buy new CDs…I don’t use the auto-roll function. Like to research the health of the bank a bit. So far so good no problems.
I also preferred to search the health of the Bank before purchasing CDs, but recently stopped that practice. Spoke directly to a Fidelity fixed income specialist and I was reassured that Fidelity does a certain amount of due diligence regarding brokered CD banks and FDIC insurance is not the sole criteria. As of now, most of my CDs are set to auto-roll.
PS> On various comments regarding the "quality" of the Fidelity web-site. I have used many different bank and brokerage websites and find that Fidelity is the best. That includes both the functionality and user friendliness. This comment does not cover the "Full View" functionality as that can certainly be improved.