11-21-2018, 03:32 PM
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.
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.