Top Four Brokers For T Bills | How To Buy Treasury Bills 2023

Who’s the best brokerage company for Treasury Bills, who's the worst & why? That's what we'll be talking about in this video - Top Four Brokers For T-Bills | How To Buy Treasury Bills 2023.
Now, T-Bill yields have & will most likely continue to fluctuate on a daily/ weekly basis - that's what markets typically do - but with the Federal Reserve’s recent announcement that they’ll keep raising rates in 2023, it seems T-Bill rates will keep their general upward trend for awhile longer.
I’m going to cover Fidelity, Charles Schwab, Vanguard & TD Ameritrade based on my personal experience with them between September and December of this year on T-Bill buy orders ranging in size from $1,000 to $25,000 - so watch on!
👉 Subscribe for all things inflation, Treasury bills, I-Bonds, investing & retirement!
#jenniferlammer #bonds #treasurybills
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[@DiamondNestEgg]

🎄MERRY CHRISTMAS SUPERSAVERS🎄 Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Everyone's financial journey is different. Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. >>WATCH NEXT ⭐ My New $60,000 T-Bill Ladder: kzbin.info/www/bejne/apjEdaaEjtGrd5o ⭐ Brokered CDs vs T-Bills: kzbin.info/www/bejne/sJmomqyNZ7Nqgac ⭐ T-Bill Rates, Pricing & Interest | High Rate vs Investment Rate: kzbin.info/www/bejne/oZbIo553ab2Uf80 ⭐ T-Bill Auction Schedule | When You Can Buy New Issue T-Bills: kzbin.info/www/bejne/rovVZ3iNoLt9rZI ⭐ China & The Fed Are Dumping Treasuries - Should You: kzbin.info/www/bejne/j6jPo2OAnrmNg80 ⭐ T-Bill Must-Knows: kzbin.info/www/bejne/oHqln2aMe9B3rZo

[@nancydunn2620]

Merry Christmas to you and your family !! Thank you for sharing your wisdom !!

[@dashark347]

Just opened my fidelity account, funded my account in less than 15 -20 min and bought my first t-bill. It was super easy, learning so much from your channel

[@chausd2972]

Hello Jennifer, I agree with your ranking on Schwab. I’ve been with them for years and is very happy with their offers and customer services. 👏👍👍

[@ccos3302]

Thank you so much for your video! I was going to go to Fidelity to create my T-Bill ladder but after a rep argued with me over still having an old employer's 401K program associated with my login and name (a program I never contributed to), I hung up the phone and went to Schwab! Clearly, I was guided in the right direction. Thanks for your excellent videos! I heard about you on Suze Orman's Women & Money podcast and now I share your KZbin channel as well! Blessings on all you do for this community.

[@DiamondNestEgg]

Thanks for sharing

[@3primenumber]

Hi Jennifer, I would love a video on how you do a manual 17 week T Bill renewal in Fidelity-do they send me an email when my money is available to reinvest? Do I have to wait a week before I can reinvest? Any tips on how to manage all the purchases. Do you use Excel, your planner, what do you track, etc. Thanks for considering

[@LSinclair]

I of course appreciate infinitely your valuable, well thought out, highly researched content, but I also want you to know, Jennifer, your sprinkled humor in each generating out loud laughs are greatly appreciated too!! 🎉😅

[@yflegal6503]

I wanted to purchase bond in my Roth IRA at Schwab, thanks to you, I paid attention to "survivor's option," there was X on it, which I couldn't change. I talked Schwab but they wouldn't change it either. Only Treasury bonds showed X, not CDs though. I got upset that took money out in order to put it in Roth IRA at NFCU, they offer 7Y CD at 4.25%. I really wanted to invest our Roths in long term Treasury bond. What do you think? I want to know your opinion. You can't be too careful with your money these days, which I am sick of it. I almost took money out of Roth, so that I can purchase in Treasury Direct. Thank you for educating us.

[@200Nora]

I recently got three t-bills through Fidelity, and I got the transfer right away. I was able to place my order immediately. I had already five CDs and had the same fast experience. I been following you, and wanted insight on a reliable online financial institution to consolidate most of my cash, and simplify things as I enter retirement. I have decided to also bank the checking's account with them. I am slowly closing my Wells Fargo account. I have two important automatic payments I have to transfer to the new institution, and I do not want to mess things up.

[@andrewross1920]

As a long term E*Trade customer, I find their platform quick and easy to use. Only seconds to navigate to the Secondary Market page for Treasuries Bills or any of many other categories (under "Trading" select "Bonds & CDs".) I really like their over view page compared to Fidelity, where I also have an account. The Auction market can be accessed under the "Tools and Resources" tab. Yes; that's not an obvious or intuitive label. But now that I know, it's fairly easy to find. So, I don't understand the statement that it took a while to find information. I do understand they don't offer auto rollover and how that may have taken a while to find. Considering that as interest rates begin to taper, individuals may move to longer durations and the auto roll over feature will not be as important as the spread. Also, since TD Ameritrade is merging into Schwab within the new year, please reconsider including E*Trade in future comparisons. And thank-you for making such wonderful video's. They are very helpful!

[@birdman9029]

Great videos! Quick question: Would the interest payments on a US Treasury ETF like TBIL or SGOV be exempt from state taxes? Thanks!!

[@aquon14]

One of the drawbacks with using a broker, at least for Schwab, is losing a week for the reinvestment. Ie, When a 4-week Tbills matures in a Tuesday, the reinvestment would be for the following Tuesday’s 4-week Tbill. Going through Treasury Direct, the reinvestment happens the same day as the previous maturity day (a 4-week Tbill matures in a Tuesday and you’re right back in another 4-week Tbill the same day).

[@DiamondNestEgg]

If you choose auto-roll, that doesn't happen. That's why the availability of auto-roll is ranked in the video.

[@aquon14]

That’s strange. I have the Tbills (4 week) in schwab on auto roll, however the purchase upon renewal is for the week after the maturity date (next Tuesday). I’m going to have to check to is if I just read it wrong (but I don’t think did).

[@aquon14]

@@DiamondNestEgg I just confirmed it. For Schwab, the auto-roll (reinvestment) has a one week delay. The funds on 4-week T-Bill that matures on a Tuesday is put in the following week's 4-week T-bill.

[@DiamondNestEgg]

Thanks for the follow-up. The Schwab reps I spoke to indicated otherwise. I’m testing this out again with Schwab, Fidelity & TD, but that may not be necessary now that so many others have confirmed the same as you.

[@johnsonyuen1999]

You are very informative. Thank you for the lesson. Much appreciated.

[@debrabullion3766]

Great video! I had a TD ameritrade account already, but after starting to watch you and wanting to buy T Bills I decided to open a fidelity account. At the time it seemed to be easier to purchase on their site. When I transferred in my money from my bank which happened fairly quickly, they allowed my to immediately by $25,000 in T Bills. They held the rest of the cash (pending) for 4 business days or 7 consecutive days then it was released. I called in and they told me that was policy. A bit frustrating, but I haven’t had any issues since then. I’m glad I opened the fidelity account. I’d love a video on how to buys stock, etfs and mutual funds on fidelity. It seems more complicated that Td. I guess I’m just used to TD. Thank you and Merry Christmas!

[@DiamondNestEgg]

Noted Debra. Merry Christmas to you too!

[@dingdong6005]

So is it better than TD ?

[@redondo8095]

Thank you. Well done. Articulated so clearly that even us dummies followed it.

[@rubencontesti221]

Great video! Thank you for taking the time to compare brokers. Have you used Interactive Brokers? They charge $5 for treasuries in the secondary market no matter the volume. I'm curious if the ASK prices they offer are better than those of Charles Schwab.

[@garretdunn1197]

Learning a ton from you. I'm a few years from retirement and have way too much in savings earning squat. I'm looking at doing a T-Bill Ladder (love that video, too!) but am curious as to why you didn't compare Treasury Direct to the Brokerage firms? I'm leery of going the Brokerage route because honestly, I don't want them attacking me with sales calls on other investment opps through their firms. I think Treasury Direct is something I can control without exposing myself to a plethora of Brokerage sellers. Thoughts?

[@DiamondNestEgg]

This may be useful: How To Buy Treasury Bills, Treasury Notes, Treasury Bonds | Fidelity & TreasuryDirect (Step By Step) kzbin.info/www/bejne/qHfYmnZjirOYg8U

[@yonallb]

I already have vanguard, fidelity, and treasury direct accounts. I went with vanguard because their general user infeface was much easier to understand than fidelity or treasury direct for t-bills. For the 1 week waiting period, I just plan ahead. Plus they offer a competitive interest rate, currently over 4%, with the settlement fund so it really has minimal impact on my overall return.

[@DiamondNestEgg]

Thanks for sharing!

[@julienlevy2807]

How do you know when to look to buy?

[@scottyanke655]

I don't understand the benefits of using a broker for purchasing T-bills. For me personally, going through Treasury Direct has worked without any problems. Perhaps you could explain why to use a broker vs a direct purchase?

[@rhena229]

I do it with fidelity because I have my IRAs there, easier to have all in one place. So it I think it all depends on individual’s situation.

[@sudheerk82]

Its pain if you want to sell t bills through treasury direct before the maturity.

[@rochu168]

I have a Treasury Direct account for I-bonds. But it is painful to navigate. I use Fidelity for Treasury bills. The site is much easier to navigate and it is a very good place to research other investments such as ETFs.

[@DiamondNestEgg]

This video compares TD & Fidelity, including pros & cons of each: How To Buy Treasury Bills, Treasury Notes, Treasury Bonds | Fidelity & TreasuryDirect (Step By Step) kzbin.info/www/bejne/qHfYmnZjirOYg8U

[@shanalareina4320]

I think to buy within an account like a ROTH IRA avoids the taxes

[@kristinavoros6853]

Can you do video explaining how you decide which time line of bills and notes you decide to get? Why do you pick 17 week over 26 week? Or 1 year or 2 year notes?

[@DiamondNestEgg]

This $60K T-Bill ladder video explains why I went with the 13-week initially: kzbin.info/www/bejne/lZDSoqmaqbGin6c And this follow-up/ update video explains why I recently switched over to the 17-week: kzbin.info/www/bejne/apjEdaaEjtGrd5o

[@ny6901]

You are marvey! Your presentation has gotten better (hands used to distract me) thank you for your clear concise informative inspiring vids I have gotten used to TD..maybe time to give VG a try S thanks for the recent info on fdic, sipc and limits of insurance Very well done. You are better than gold and diamonds! Your inspired hard work is a service to humanity.

[@freddygc7]

Thanks for all of your videos on T-Bills and Bonds.

[@gil3289]

Regarding the initial transfer, for speed and funds availability, is it better to initiate it from the brokerage account or from the external bank (assuming the two accounts are linked both ways)?

[@jenniferg3251]

So glad I'm with Schwab! I also want to thank you for your T bill videos. I just purchased my first two yesterday to begin my ladder. Just getting started and will fund more in the new year. Thx for the great info!

[@DiamondNestEgg]

Glad you're enjoying the videos & good luck!

[@fgaydos1964]

Hi Jennifer, thank you for such an informative channel. I can confirm Merrill does not offer auto roll. With so many choices out there, Do you have any recommendations for older (nearing or in retirement) investors as to what type of brokerage account to open in order to best avoid large tax loses?

[@dfwyuvera]

Great video. It was great to know everyone gets the same auction rate across all brokerage, and cool to learn which one has better 2nd market price. Looking forward to the next New Issue vs 2nd market T-bill. Also hopefully ［ How to trade 2nd market Treasury］tutorial will be available soon. 😀

[@Mayangone]

How are rates calculated on the Schwab site? A treasury bond was price at 98.760 from 4/20/2023 to 7/20/2023 (91 days), but the yield was listed as 5.094%. How can one arrive at the 5.094%?

[@Thisishard2333]

Hey just a heads up. Today is Saturday Dec 24. I received my 4 and 8 week back into my savings . And my new purchases came out of my savings also.This is through Treasury Direct. Good thing I have the funds.Transaction are supposed to happened Dec 27.

[@mariceldb2990]

Thanks for the info about t-bills.

[@lexismart7555]

Thank you for thorough research and exposing Vanguard's deplorable and questionable tactics unfavorable to customers!

[@raudelcabrales7190]

So if I'm going to use my emergency fund to buy monthly treasury bills, what kind of brokerage account should I buy them in? What's the best strategy when it's an emergency fund funds.

[@ny6901]

Do you have a video about buyin tvbills inside a Roth? If I understand correctly, it cannot be done through treasury direct. I am interested in how to within VG and E*Trade

[@traxmom]

Schwab has a t-bill/cd ladder building tool. I've tried to figure it out, but it still confuses me. I wonder if you would be willing to do a video explaining how this tool works.

[@nancychace8619]

I just checked this out but liked doing it myself better. It's sort of a pre-fab offering to simplify the process, but you don't get as many choices. It's great for certain situations. However, selecting your own isn't too difficult once you begin to learn. Schwab's customer service is very good. The reps are helpful and will walk you through the process.

[@DiamondNestEgg]

Noted - I'll add it to our list

[@govindvedantham4432]

Fidelity doesnt seem to offer all the bills which are being auctioned. Does one open an account in other institutions too?

[@kevinchen7686]

I agree with your analysis of TD Ameritrade. I've been with them since they bought out Scottrade which was my first brokerage account. Now that Schwab is merging I hope their service will become even better. I usually don't need to wait too long on the phone and generally find their staff very knowledgeable. Thanks for clarifying the auto rollover (or lack thereof) from TD Ameritrade. Requesting this over the phone just doesn't seem practical, I'd rather let the bond mature and just track it myself. Great job and Happy Holidays!

[@peipeitan7557]

Wow, so helpful! I really appreciate the time you took to research all this and make a video to share what you learned. (Am currently with TD Ameritrade, so just waiting for the Charles Schwab merger to be completed.)

[@eddiego8197]

I have TD Ameritrade and Charles Schwab has bought out TD Ameritrade. I also have a tiny practically empty Charles Schwab acct. So will TDAmeritrade improve their services to improve their T-Bill score you gave them?

[@pjdebutler5738]

I opened an account at Merrill Edge basically to get the bonus. Once I got it, I was out of there. Everything about them as a full service brokerage is horrible. I do manage accounts on Etrade, Schwab, Fidelity, Vanguard and TD Ameritrade. I agree with your analysis on the purchasing process and customer service. Additionally, I recently had t-bills maturing on January 31, 2023. Schwab, Fidelity and TD all had the funds available to me on the date of maturity. Etrade didn't have them available until the following day. his was confirmed to me by the Fixed Income Desk. I also agree that process to buy treasuries is definitely not user friendly although once you get used to it it's easy. But there is no auto-roll. The hold you mentioned from Vanguard is ridiculous. I've just done money markets there and they recently offered an interest account but their customer service is minimal.

[@DiamondNestEgg]

Thanks for the sharing your experience

[@brijeshkukreja7411]

Jenn and Family - Merry Christmas and Happy New year! Thanks for all of your videos.

[@MrEKS-st6mc]

Hi Jen, appreciate your comprehensive coverage on all these investment matters. I'm currently with TDAm awaiting the transition to Schwab next year. TDAm does not offer the new issue 17 week t-bills and it seems like they may not attempt to do so at all, perhaps because they will be de-platformed over to CS in 2023,. Does Schwab currently offer the 17 week t-bill on their web site ? ~ Happy Holiday's to you and yours' !

[@johnabide5229]

Yes they do.

[@DiamondNestEgg]

Per John's comment - glad you enjoyed the video

[@rodneyrchicago]

What about a SWVXX money market - it is paying 4.24% and is completely liquid with no lockup. Why not do this vs. any 13 / 17 wk treasury? thx.

[@DiamondNestEgg]

I'm not too familiar with SWVXX but depending on whether you're talking about a taxable brokerage account vs tax-advantaged retirement account & how much cash you have in that MMF, might make sense to check out the expense ratio & tax situation.

[@augnmike]

Jennifer, I have started a ladder after watching your vids. My first one an 8 week will mature next week and I was curious when my money will be available to reinvest it. I bought directly from Treasury Direct

[@DiamondNestEgg]

Based on our own experience and others‘ in the community, the proceeds at maturity take 1-2 business days to go back to the designated account.

[@AnotherGringo]

What about JP Morgan Chase? Any info on how they compare?

[@CDubs754]

Thanks for helping to confirm what I already thought true about Schwab particularly as it relates to secondary market pricing but without having an account presence at the other firms it was not possible to validate this assumption - great work! Wishing you a wonderful and healthy 2023

[@aina07]

Question - I just started acquiring T-Bills through Fidelity (thanks to your guidance) and noticed in my Positions table it's reporting my most recent purchase as a loss. My 17-week bill I bought last week has a total net loss of ~$3.00. Is that just showing what it would be if I sold today on the open market and didn't wait until maturity? Thank you. And PS - your videos are excellent and have been my single source for education and purchasing of I-Bonds and T-Bills. You are playing a significant role in the success of my financial strategies.

[@DiamondNestEgg]

What you see on a daily basis is what the secondary market price is - so roughly what you would get if you sold at that moment (not it you hold until maturity).

[@DiamondNestEgg]

Here’s my T-Bill must-knows video in case you haven’t seen it already: What Is A Treasury Bill 2022 | Top 9 Things You Should Know About T-Bills kzbin.info/www/bejne/oHqln2aMe9B3rZo

[@aina07]

@@DiamondNestEgg thank you for the replies!

[@gidgetjohns3837]

I have 13 wk t-bills in my IRA that mature Feb 9. I want to re-invest these in a 26 wk t-bill, but don't see one available on 2/9. Do I collect $ at maturity and buy 26 wk on another date? I am meeting with my broker soon and want to have some knowledge.

[@daveschmarder-1950]

I'm with Vanguard, but I don't do anything on the secondary market. I don't recall there being a week hold on transferred funds, but it is at least a few days. I just go away and come back when the money is there. I'm too old to be in a hurry about anything. I've been with Vanguard for a very long time, so I stay put. But I generally don't recommend Vanguard because of the lower service quality. I've only called them a couple times in the last 25 years. Nice video Jennifer.

[@jonpeterson3771]

Any thoughts or experiences with Merril Lynch/ Bank Of America? I cannot tell if they offer treasuries but they have a decent opening bonus currently.

[@daveschmarder-1950]

@@jonpeterson3771 They might if they are a brokerage too. Their website might offer an answer to your question.

[@DiamondNestEgg]

I talk about Merrill towards the end of the video

[@TheGermanation]

Update from your other video: Schwab lost a partial or full star for not auto-rolling efficiently like Fidelity (i.e. sits in an account for 7 days doing nothing).

[@sudheerk82]

Thanks for the interesting video. I initially purchased t bills through treasury direct, later moved to fidelity. I have my ira accounts also with fidelity , I am happy with them mostly.

[@DiamondNestEgg]

Thanks for sharing Sudheer & wishing you a good start to 2023

[@cribbage1686]

When I opened my Fidelity account, my money was not immediately available. I could access some funds after 2-3 days, but all my monies were not available for 6-7 days.

[@DiamondNestEgg]

You're the 3rd or 4th person to mention this. I'll see if I can get further clarification the next time I call them to see why some folks have this issue & others don't

[@davet5260]

Thank you for the great videos!!! I like being able to buy not only scheduled T bills but also CMBs that’s why I went Fidelity.

[@peterizzo6527]

Thank you for your wonderful videos! I just discovered them in late November and started my T-Bill ladder at Schwab. I've been with them for over 10 years and have always been very happy with their offerings and service. Your comparison in this video also made me happy 😃 Best Wishes in 2023!

[@wleejohnson5281]

Wondering if you can purchase T bills at auction on JP Morgan Chase self directed accounts.

[@mkoti5312]

Hi Jennifer, Fidelity holds money transfers for over a week. I transferred some funds from Goldman more than a week ago and I still don’t have cash available in my account. This is not my first fund transfer with Fidelity, so I don’t understand why they have to hold on to my cash for so long ( it seems like now that cash is kings again financial institutions like to delay transfers as much as possible even for an extra day). Big fan of your channel, thank you, keep up the good work. Happy holidays.

[@DiamondNestEgg]

Thanks for sharing & glad you're enjoying our videos! 2 - 3 other folks also mentioned the Fidelity hold whereas others had no issue. I'll try to see if I can get some further clarification the next time I call them.

[@nick7077]

New to this.. why not just buy a low cost (exp ratio = 0.04%) Tbill ETF like Vanguard’s VGSH?

[@darrellh9060]

On Fidelity’s account it looks as though you get interest on cash available to trade while it sits like about 2% this week I believe , which is a heap better than my local credit union offers. Also I called to cancel auto roll on a T bill yesterday in Fidelity it was about 5 minutes wait which was okay the people were very good. Thanks for all your information and Merry Christmas 🎄

[@debrabullion3766]

I hadn’t noticed the interest on cash. I that so? If so, fantastic. TD doesn’t offer that.

[@DiamondNestEgg]

Thanks for the info! And yes, you do earn interest on available cash there - not sure what the rate is currently though.

[@johnmarshall151]

@@DiamondNestEgg it's 4.24% at vanguard most recently. All new accounts are set up with this high yield cash settlement option at vanguard-opening account-if true they may well catapult them to best broker for t-bills. It's the main reason went with them.

[@maneenikornw8556]

What about vanguard term treasury etf (vgsh) ? Are they the same?

[@danielgarland9838]

Thoughts on T-Bill interest rate on 17 week T-Bill auction price is 4.6% My sweep acct in Vanguard 7 day current yield is 4.2% Based on 10K T-bill I would make 12.75 additional interest and living in NV I still get the state and local tax break on all cash accounts. Not to mention the sweep account based on the interest rate environment will be going up during the 4 month span. How much cash if any would it be worth investing to make it worth it on the 4 month bills? Am I missing something? Also based on the math what are your thought on 6 month T-bills?

[@NotMyGumDropButtons.444]

Thank you for this in-depth review. I appreciate your experience and you sharing it with the world.

[@sarubinca]

Knowledgeable and helpful. Many thanks.

[@surfbumb123]

Does chase/jpm self-directed brokerage service offer new issue t-bills?

[@bluebike2023]

Hi Jennifer, T-bill rates for 4, 8,17, & 26 weeks are recently going down compared to the previous autions. The fed is continuing raising interest rate. What would cause T-Bill rates to lower ? What information/news should I be watching for to educate myself since I do not know the rate before purchasing (Treasury Direct). There is Federal money market VMFXX that pays 4.2% and I can withdraw anytime, so it does not make sense to buy 4 or 8 weeks T-Bills that currently pay less than 4.2% I am just a beginner trying to learn more about financial investment. Thanks to your AWESOME videos, I have learned and bought I bonds in September and have bought T-bill since Octorber this year. I have been buying them since from Treasury Direct, sometimes from Merrill and new issue from Vanguard just because I already have accounts with them. Treasury Direct still have the best rate.

[@DiamondNestEgg]

Even if the trend is up, there will be market fluctuations on a daily, weekly, etc basis (e.g. supply vs demand)

[@peterchang7562]

Thanks to you i learn how to buy a new issued T-B from ,Love your show and how to explain step by step LOVE YOU !!

[@DiamondNestEgg]

Glad the videos were helpful

[@jus-tinkin]

have been with Schwab for over half a decade. Have not had 1 bad experience with them. Very glad I made the right brokerage decision (apparently).

[@rb5061]

@diamond nestegg Are estate beneficiaries penalized (debited) for selling T-Bills before maturity if using any of the four brokers or Treasury Direct? Thanks for your informative videos!!!!

[@DiamondNestEgg]

You're welcome. I'm not sure what you mean exactly by penalized? But if you sell before maturity, you get whatever the secondary market price is + any associated brokerage fees as mentioned in the video (depending on which broker you use).

[@Smoothstroker]

I just wanted to thank you folks for educating me on these securities. Very easy to follow for the average person. Thanks, oh and I buy strictly through TD.

[@oyechata1]

Amazing info. I am new on buying T-bills and I have this question: Do any of these brokers allow you to leverage using your purchased treasuries? This is the key to maximizing your profits, i.e. you cold be buying much more bonds with the same amount of money and also free risk.

[@DiamondNestEgg]

Fidelity & Schwab do - not sure about the others though

[@oyechata1]

@@DiamondNestEgg will we have a new video explaining how to do it? 😃 🎁 Thanks for sharing your knowledge

[@rikpatel]

Vanguard cites security reasons for new account only. Its not the same for subsequent transfers.

[@coolguy10000000]

You’ve taught me so much! Thx for the info 🙏

[@vijaykumar-vp7dd]

Is buying Agency/GSE bonds good idea 7 yr ones are yielding 5.6%

[@datbio7302]

I have been reading about Schwab's tatic of auto roll to intentionally skipping a week. Please share us if this is true.

[@alansnyder8448]

I have Schwab and E*Trade accounts. I've had my Schwab account since the 1990s and can confirm Schwab has always had great customer service. I really wish all customer service was done the way Schwab does it, especially in different industries. My experiences with E*Trade have been pretty good (especially when compared to say phone or cable companies) but recently since getting bought by Morgan Stanley, feel some departments are applying sales pressure to get me to move all my funds under their control. That will NEVER happen, and I might move everything to Schwab instead where I feel the customer service is much better. Just my experience. I hope this is helpful to others.

[@DiamondNestEgg]

Thanks for sharing Alan!

[@fliegeroh]

Excellent video. I learned so much.

[@mealias760]

Thank you and it is a Great video! Question, If I have 500K account with TD, which would be transferred to Schwab, open a new account with Schwab would not be insured by FDIC, Am I right? Thanks

[@DiamondNestEgg]

These two videos should help. FDIC: kzbin.info/www/bejne/qqnQiX14fLqSbZI and SIPC: kzbin.info/www/bejne/oYqYc6atpbqfnJY

[@mealias760]

@@DiamondNestEgg I did watch them, but it did not answer my question. thanks

[@evasimon5989]

Hey Jennifer I had no problem canceling my 8 weeks Auto roll on Fidelity App When my T bill matured I simply cancelled the pending order before the next order (rolled over)

[@DiamondNestEgg]

Thanks for sharing. That's how I do it sometimes as well - other times, I simply call in (e.g., if I don't want to wait for the pending order email).

[@nancychace8619]

Thank you for sharing. Excellent analysis, good explanation. Wishing you a happy and peaceful holiday -

[@DiamondNestEgg]

You too Nancy - stay well!

[@gma8763]

Thanks, great site! Should I buy a new I bond in 2023 or give my held (gift box) I bond? Then just buy and hold new one in the gift box? Pro and con?

[@DiamondNestEgg]

I’ll have more I-Bond videos in the new year

[@leahc5224]

How many taxes would the government take if you received $100 in interest? (For example)

[@746422]

How is T bill insured that are purchased through brokerage firms ?

[@connersyhouse6480]

From a newbie, why do we purchase through a broker rather than treasurer direct as we do for I bonds? Thanks

[@DiamondNestEgg]

This T-Bill 101 video explains the pros & cons: kzbin.info/www/bejne/qHfYmnZjirOYg8U

[@randyromano2854]

Excellent research. Thank you.

[@GilbertFleming]

Thank you for this information it was very helpful

[@vijaykumar-vp7dd]

Thanks for the great information about T-bills

[@davidchen92127]

Great! I have been with Schwab for quite a while. I have bought a number of brokered CDs(laddered) this year. Now I need to learn more about buying brokered T Bills on Schwab. Do you have a video on this already? Thanks!

[@DiamondNestEgg]

Here's the how to buy T-Bills on Schwab video: kzbin.info/www/bejne/o4G6mnh6obuqqas

[@tombruckman135]

You did an excellent job with this video

[@mountains1233]

Is there still a difference between Schwab and TD after the acquisition?

[@DiamondNestEgg]

For us - no

[@abekohen1]

Thank you for the video. Not sure why you prefer the 17 week T-bill over others. Be that as it may, the auto-roll evaluation needs to be redone. Only Fido and Treasury Direct offer real auto-roll. The problem with Treasury Direct is trying to sell before maturity. Schwab's auto-roll is FAKE. The T-bill matures and they reinvest a week after maturity. You lose a week's treasury interest every time you roll. Schwab's own interest rate is tiny. With Schwab you can manually place your order online to roll, but that is not auto-roll. With Vanguard you have to call to roll. No fee to place the order and the Bond Desk people are very nice. No auto-roll on TD Ameritrade, either. So in my book, Fido does the best job overall.

[@alexshekhtmeyster7736]

Is it a good idea to buy T-bills on a secondary market in JPMorgan Chase bank?

[@DiamondNestEgg]

Sorry, I don’t have an account with them so can’t really say. Perhaps someone else in the community has some insights.

[@gregbannish8423]

Not quite your question, but for new issue Tbills, JP Morgan Chase said he charges 0.1% per purchase. I decided to do it myself via Treasury Direct...

[@ccunni3812]

Very interesting. I learned a lot watching this video :)

[@paulkelly4731]

My personal experience is call the bond desk, tell them what you what to do, and they handle it.. no problems.

[@aileew]

wire transfer (both in and out) of Fidelity is very fast/efficient.

[@vijaykumar-vp7dd]

I want to check if buying “Federal Home Loan Banks Bond” is it a good idea. It shows up in Fidelity under Agency/GSE

[@DiamondNestEgg]

I’ll have more videos on the different types of bonds in the new year

[@FrankBurgos]

Great info thanks for the info. Im thinking about buying tbills or cds and still researching I feel like your videos will help me make and informative decision. I currenlty use vanguard but I do not like that they do not offer autoroll. I wil l have to out weigh the pros and cons.

[@DiamondNestEgg]

Glad you found the video helpful!

[@nancydunn2620]

My company has our 401K through The Principal, what are your thoughts of this company. I'm retired now and thinking of switching to Schwab where I'm going to start a T-Bill ladder. Thanks

[@DiamondNestEgg]

Hi Nancy. We don't have any experience with Principal unfortunately so I can't really comment on this.

[@ny6901]

My employer from the 90s offered 401k with The Principal Group. My memory was of high fees!

[@LuxeonIII]

Fidelity , once I transferred money from my checking account and bought stocks the same day. Really liked your video on Fidelity and t bills. If moved almost a million now into all t bill issues. Just purchased the 17 week and the 26 week , the 26 had a higher rate than the 52 week. 😮

[@DiamondNestEgg]

Thanks for sharing Mark & glad you're enjoying the videos!

[@TheHankPotter]

Please do a video on TIPS and how they are priced. I just bought a 5 year TIPS and hope that you can explain why they are priced differently from 2 months ago.

[@DiamondNestEgg]

Noted - will add onto our video list

[@djccalifornia4389]

Why did you select 13 week vs 17 week for your ladder? Converting 8 week to 13 results in a lag in the settlement date as opposed to 17 week where they coincide

[@DiamondNestEgg]

The 17 week was not available when we first started laddering in Sept

[@davidhartley9770]

Don’t agree on auto-roll rating, fidelity purchases new T-Bill week prior to auction so you do not lose a week of interest. Schwab you lose a week. Also, money in settlement fund at fidelity earns more interest than schwab. My opinion is Fidelity is a better choice.

[@peterseidl]

Very helpful points David!

[@DiamondNestEgg]

Schwab does it the same way Fidelity does - ours have all auto-rolled in the same manner with both brokerages.

[@davidhartley9770]

Love your videos! Thank you so much. I have treasuries at both Schwab & Fidelity on auto-roll so when they come due I will check. My information comes from what each brokerage told me.

[@DiamondNestEgg]

@@davidhartley9770 yes, please do check & come back with more info because I saw another comment just now reporting the same issue you did, which seems to indicate that there is some inconsistency with how Schwab handles auto-roll.

[@davidhartley9770]

@@TomTOM-kd6et Will not know for sure until the end of the month when my 8 week T-Bill comes due. Fidelity CSR in their fixed income department assured me that I would not lose a week of interest since they anticipate my T-Bill coming due a week prior to maturity and submit it to auction then. Therefore, my expectation is the day one T-Bill matures the same day the next T-Bill starts due to selecting the auto-roll option.

[@loub911]

Does Treasury Direct offer auto-roll for T bills?

[@DiamondNestEgg]

Yes - I talk about that towards the end of this video (section on TD): kzbin.info/www/bejne/qHfYmnZjirOYg8U

[@marehoff1979]

Can you buy Treasuries and CDs within your IRAs? Thank you for your hard work to help so many! Merry Christmas!

[@debrabullion3766]

I buy in my Roth IRA at TDameritrade

[@marehoff1979]

Thank you!!

[@joseirizarry1702]

Fidelity also holds your transferred funds for 7 days. Happened to me recently

[@debrabullion3766]

Me too when I opened my new fidelity account. They let me use a small amount and held the rest for 7 consecutive days, 4 business days

[@fghfinley7949]

@@debrabullion3766 same happened to me

[@DiamondNestEgg]

That's interesting. I've heard this from 2 - 3 other folks in the community, while others were able to trade immediately after the funds were in the account. I'll see if I can get an answer from them the next time I call.