![]() Interest rates paid on balances in the IDA and TD Ameritrade Cash are based on tiers. The IDA rate applicable to your account will appear on your Positions page under Cash and Cash Alternatives. If account value falls below $1 million during any monthly sweep period, thereafter, TD Ameritrade in its sole discretion, may stop paying the Plus IDA rate. Clients who meet this threshold for three consecutive business days within any monthly “sweep period” become eligible for the Plus IDA rate at the beginning of the next sweep period, and remain eligible for the subsequent 12 month period. **The Plus IDA rate is available for TD Ameritrade clients with $1 million or more in account value. To learn more about FDIC coverage go to Non-Deposit Investment Products: NOT FDIC INSURED-NO BANK GUARANTEE-MAY LOSE VALUE. By utilizing multiple banks, the IDA has been structured to provide you with FDIC insurance of up to $500,000 per depositor in each recognized legal capacity (e.g., up to $500,000 for individual accounts and $1,000,000 for joint accounts). Each bank’s insurance will cover your cash balances up to the current $250,000 per-depositor FDIC maximum for bank failure. Three of the Program Banks are Charles Schwab Bank, SSB Charles Schwab Premier Bank, SSB and Charles Schwab Trust Bank, each an affiliate of TD Ameritrade. Carefully review the Margin Handbook and Margin Disclosure Document for more details.Ĭash in the IDA is held at one or more Program Bank. Margin trading privileges subject to TD Ameritrade review and approval. Margin is not available in all account types. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Account Types & Investment Products Overview.Contribution and Eligibility Calculator.So after the third party Schwab new verification fiasco i will be taking advantage of their offer to move all my accounts elsewhere without incurring any fees. She could get my accounts on her computer. She told me that TDA has been Schwab for a couple of months now. Went in and by serendipity the first person i chatted with was a former TD Wealth Advisor. ![]() So i headed to what i thought was the nearest TDA office. I tried to call them and ask what happened to the Bonds and CD's but could not pass their new third party verification system questions of which i had zero input in choosing. I was buying Treasury Bills but that disappeared as an option during the transition so i caved and purchased the money markets instead. You can purchase them under Mutual Funds. I have SNSXX and SNVXX in my TDA accounts. What are the Money market (cash) position option in TDA after merger ? Thanks for weighing in to my threads and seeking insights from this forum. Why not SGOV (an ETF that holds T-Bills of 1-3 months)? Given my outlook on inflation, interest rates, and so on, with its 3%~ sec yield (1.4% coupon yield), I think it'll be relatively stable-value going forward and it'll recover total-return wise in 1 year, and 2 years NAV price wise. VGSH has more duration risk of 1.9 years. If I send a marketable limit order I tend to have a half-penny price improvement. I've been pretty lucky to get filled at the bid or ask on VGSH with a non-marketable limit order. 3 basis points to buy a t-bill, and an additional 3 basis points to sell a t-bill. The T-Bill spread there is 6 basis points. I don't like trading T-bills on their website. ![]() I personally chose to buy VGSH with my left over cash at TD Ameritrade. In the current environment you're likely to not have any loss if you hold a 52-week T-bill for 4-8 weeks. They're very liquid if you need the cash sooner. They're mathematically the ideal yield/duration risk. I'm not sure what the margin requirement is for Reg-T. On portfolio margin VGSH takes 3% buying power. Trade the VGSH 1-3 year treasury ETF or other very short term bond ETFS.TD Ameritrade takes 1% margin for T-bills. Create a T-bill ladder of X weeks duration - for instance a 4-week T-bill ladder with weekly rungs.These are various options I've found that get you money-market like features at TD Ameritrade: You need to manually sell them on the website. You need to manually sell them to cover a margin loan. Margin balances currently don't offset with money market positions.You can't place orders for the money market funds on mobile or Thinkorswim.They use 100% buying power while Fidelity treats several money markets as cash equivalent with no loss of buying power.They don't function as a sweep vehicle like Fidelity does.I've found a few problems with these money market offerings: TD Ameritrade customers already have access to various Schwab money market funds here:
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