No. of Recommendations: 1
I think you can also have them send the CD funds directly to an external account, but since I was dealing with a human I wanted to keep things as simple as possible, with no hidden charges, so I had the human just order the money to be sent to my ETrade brokerage account (which I knew I could move money out of easily and quickly).

Ah. No, according to them you can't go directly from eTrade to an external account. And I don't have an eTrade brokerage account.

Okay, so it seems like there is no bank that allows a direct ACH in and out. A few - Citi, AmTrust, eTrade, allow it in, but require a wire out, or to have a savings, etc account of theirs.

So I missed today's auction, but can always just do it next week instead, if the rate situation stays similar. My ladder will just have a little hiccup in it :). Seems the convenience of TreasuryDirect wins again.

I will keep an eye out for three things though:

1) Amtrust seems to be a new entry into the high yield game. If their Money Market stays competitive and so do their CD rates, it may be worth opening up a Money Market there to get easier access to their CDs.

2) Emigrant's CDs are sitting at 10 bps below my current treasury rates. If they become more competitive (either through their increase or other declines) it'll be worth considering. Ditto with HSBC who currently doesn't even really have CDs offered by their online 'Direct' entity at higher rates.

3) Maybe the occassional check to see if any banks have caught up with TreasuryDirect.
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