On Jun 27, 1:59 pm, kramer31 <k...@g...com> wrote:
> Hi.  I recently opened an IRA with Scottrade.  Now, I was pretty
> disappointed with the selection of financial products.  The only fixed
> income products (bond funds don't count--they float) are $10K minimum
> CDs with a minimum of 1 year terms.  They give 0.2% on all of your
> cash holdings (which is basically nothing).  I want something with a
> reasonable rate of return without a time limit that I can put my money
> in while I am waiting to invest it.  2.X% is fine or even high 1.X% as
> long as I can take it out to trade when I want to (I have a Money
> Market Account with a bank that I get 2.75% on).  I called up their
> customer service.  The guy told me that since they aren't a bank, they
> can't offer those sorts of products.  That seemed like a BS answer to
> me since they could loan that money to banks.  He did however say that
> if there are any products out there that I would like to see, I just
> had to give him a CUSIP number (whatever that is) and they would add
> that product.
>
> So my question is this: does anyone know of any fixed income (i.e.
> interest bearing) financial products whose CUSIPs I could give to
> them.
>
> If I can't get this fixed, I'll have to switch to a different IRA
> provider.  Any recommendations there?  Low trading fees are important,
> too.
>


You are not likely to get higher interest rates with your
requirement. You want low trading fee and high interest rates, sure,
we all want that. I too have money market accts that pay higher, but
not from inside an IRA.

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.