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Vanguard CDs - Slim Pickings

#1
I have a CD maturing later this month and was looking at replacing it at Vanguard or Fidelity( Read: Best Vanguard Funds To Invest In)
 
I found that in the maturity range of 5 to 11 months, Vanguard currently has only ONE new-issue CD available (versus about 30 different ones listed at Fidelity). Considering all maturities, Vanguard had only 28 new-issue CDs while Fidelity has 135.
 
I had not noticed such a big difference before, so maybe something is going on? Any ideas?
 
Vanguard do have more secondary CDs available, and I looked at that possibility, but the commission was $100, which eats up any incentive versus a new issue at Fidelity.
 
In any event, I will now probably replace the CD maturing later this month at Fidelity and I will need to carefully consider whether to hold CDs - especially under 1 year - at Vanguard, as they may be difficult to replace as they mature.
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#2
Take a look at Treasury Bills as an alternative. The yield is higher than bank CDs. Every broker should have a huge inventory.
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#3
Does it require more than $1M for individual investors to invest in T-bills? At least that's the impression I got when looking at the Fidelity Fixed Income site.
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#4
You can buy as few as one bond. Check the “Depth of Book” to get an idea of the market in order to place your limit order price. You pay a discounted price (eg., 99.878 = 998.78 per bond.) You get the face value (1000) upon maturity. There is no commission.

Note also T-bills are state tax exempt but Zeros STRIPs are not.
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#5
I personally bought 6 month and 12 month T-bill from Fidelity for as little as $2k. When they mature I reinvest in similar duration t-bills if the yields are appealing.
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