Saturday, April 28, 2018

CD from your broker or from bank

There are advantages and disadvantages in both.

Brokerages (particularly Fidelity) have a wide choice. After you select the period, select the best rate. Disadvantage: You do not start right away on new issues.

My local bank offers better rates (almost a promotion once in one or two months) than my brokerage and some tax advantage for Mass. residents. Disadvantage: Need to drive to the bank and again when it matures. Waste my time in filling the forms.


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