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Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: Ameritrade CDs||Date: 7/21/2013 6:59 PM|
|Author: piranha1||Number: 35035 of 35400|
I did just the opposite at Fidelity and I would imagine it works the same way at Ameritrade.
I owned several CDs. I contacted the Fixed Income department and told them that I was interested in selling the CDs (the call date was still 3 years away). They emailed me quotes the next day, which I could either accept or reject.
The quotes that I got payed me the face value of the CDs plus 1/3 of the total interest I would have collected if I held to maturity.
Like I said, these CDs were 3 years from their call date, so I actually got paid 1 year of interest for selling them. I jumped at the offer.
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