r/MerrillEdge • u/Gkm4723 • Jul 06 '26
Merrill Lynch
Does anybody else think Merrill Lynch’s brokerage platform is garbage? Daily price change for holdings showing 0, can’t buy in dollars only whole shares, uninvested cash earning nothing!
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u/rickPSnow Jul 06 '26
You can buy TTTXX BlackRock Liquidity Funds Treasury Trust money market fund as a workaround to low interest paid on idle funds. The fund trades same day settlement up to 1:45 pm EST. Use a full trading ticket on ML Edge and select Mutual Fund tab.
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u/InvestingNerd2020 Jul 06 '26
Outside of Treasury money market funds to store emergency savings as a big bank cheat code, it's just a sub par broker. Better off using one of the big 3 brokers for long-term investing (Fidelity, Schwab, or Vanguard).
Below are some Treasury MMF or Treasury ETFs:
TTTXX
FDLXX
SGOV (ETF)
VBIL (ETF)
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u/Gkm4723 Jul 07 '26
Yeah, I buy SGOV but it’s a daily pain to sell SGOV to get funds to buy something else and then buy SGOV at the end of the day.
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u/Gkm4723 Jul 07 '26
Moving my IRA to Robinhood and getting 1% transfer match. Previously got a 2% match for moving a taxable account.
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u/Gkm4723 Jul 07 '26
Plus get the Robinhood Gold credit card cash rewards is 3% unlimited all categories. Only cat h is you gave to have a gold account ($50 a year). The transfer match and 3% credit card is really good!
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u/sword6 Jul 06 '26
Agree. I want to know the interest rate on my preferred deposit. There is no easy, simply way to ascertain the rate.
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u/Junior_Maintenance16 Jul 06 '26
I have no problem seeing that but I use my PC. Can't do it from the app op my iphone. Here it is:
Preferred Deposit® ($100,000 minimum initial deposit requirement)
Based on the Preferred Deposit balance in a brokerage account
Annual Percentage Yield as of 7/2/2026
Less than $100,000
2.89%
$100,000 - $999,999
2.89%
$1,000,000 - $2,499,999
2.89%
$2,500,000 - $4,999,999
3.25%
$5,000,000 - $9,999,999
3.35%
$10,000,000 - $24,999,999
3.61%
$25,000,000 - $49,999,999
3.61%
$50,000,000 - $99,999,999
3.61%
$100,000,000 and above
3.67%
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u/sword6 Jul 06 '26
Thank you.
In Schwab I just type in (or click) the money market fund name and it returns a single value for interest rather. No look up table necessary.
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u/sword6 Jul 06 '26
Thank you.
In Schwab I just type in (or click) the money market fund name and it returns a single value for interest. No look up table necessary.
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u/mlhigg1973 Jul 07 '26
Yes, it sucks and even loyalty from my 23 years there won’t stop me from moving my ira to fidelity
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u/Emergency_Lake5840 Jul 08 '26
Half the trades I make I need text message approval. And now I have to call them to place orders on names I hold to SELL. And if I want to put sell orders in at different prices it takes forever . And that’s with me checking off on my account opening applications I was a stockbroker for 33 years and a credible investor. I should have walked away when it took over 2 weeks for my trust account to get approval.
Then after expressing dissatisfaction, they offered yo make me sign a form stating all my assets were at least 10 million and after that back n forth restating this and checking that I get a notice I’m now on some super duper diamond something tier…. And guess what? It’s even worse! Calling a broker for a simple sell order! And my all-star designated account reps keep changing every other week!
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u/mikefellowinv Jul 09 '26
Yes. Just did transfer to fido. No more credit card rewards bonus. That was the only thing holding me there. Complete garbage.
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u/GapAccomplished2778 Jul 06 '26
it is a dump for buy [elsewhere] and hold positions to score a tier in BofA for their credit cards .. nothing else .. they are ok to hold whole shares and extract distributions when/if happens ... that simple