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Subject:  Re: Ameritrade CDs Date:  7/21/2013  6:59 PM
Author:  piranha1 Number:  35035 of 36468

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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