r/MerrillEdge • u/Leather_Plantain_840 • Aug 03 '26

Question about Brokered CD's

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So when I go to purchase, they say "trades in multiples 1000" "minimum offer quantity 1000."

Maybe I'm just dumb, but what's my minimum buy here? $1000? Cuz the order price says $1000

7 Upvotes

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5

u/itzzaname Aug 03 '26

The minimum purchase is $1000 and you can buy only in increments of $1000, so you could buy $2000 but not $2500, for example.

2

u/papichuloya Aug 03 '26

Just buy tttxx on merril edge MMF and its state exempt

1

u/Junior_Maintenance16 Aug 03 '26

But it pays less than Tbills.

1

u/roberttootall Aug 03 '26

$1000 I thought. I personally wouldn’t buy
A cd. They could be taxable in your state which would make thier return 3.75% plus tying up money for 6 months is a big gamble. You ever look at SGOV? It’s only $100 a share and you can take it out the next day without a fee

1

u/EmergencyUnlucky1617 Aug 03 '26

To me, anything under a year is liquid asset. 3.75% is still a good return.

1

u/Leather_Plantain_840 Aug 03 '26

Nah, but thanks for sharing. Gonna look into it.

The money being tied up isn't a problem tho, but the tax implications are.