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I want to ladder some CDs and the best rates are with online banks. There are so many to choose from—which banks have you used and would recommend? I have not found my credit union or local banks to be competitive. TIA
I used to ladder CDs but have switched to laddering tips which are better for my situation. I do that with Fidelity, so it is all with one provider. When I was doing CDs, each issue was with a different provider which complicated my AA.
You may want to look at this as another option. YMMV
I have been a long time Synchrony customer. I mainly use it for tax payments. I also have bought CD’s from them when rates were favorable. At other times I purchase brokered CDs through my Fidelity brokerage account. Very easy and competitive rates.
Hey Sharon, the only think I can add here is to be mindful of not accumulating too many accounts as you ‘chase’ that yield. Sometimes multiple banks have different attractive offers and it become a pain with so many accounts to track. For fixed income, the major brokerage houses like Fidelity have some nice options and things are more or less in one place,
I would check out Fidelity if I were buying CDs. I suspect Vanguard and Schwab also offer them.
Exactly what I was going to say, it is a one stop shopping. I would definitely suggest Fidelity or Schwab (and likely Vanguard as well) depending on where you have your accounts.
I buy mine from Vanguard. They are brokerage CDs, the poster needs to understand the difference between bank and brokerage CDs.
Poster also should explore the difference between callable and non-callable CDs.
Both great points, also stick to the primary market offerings
True. Sharon can call and talk to a rep that could explain and probably help build the ladder.