Originally Posted by
ctle
Speaking of negative it seems you can maintain a negative balance? Considering this because their cd's earn me more than if i just kept the funds in a savings account, but as you only get the interest at maturity, i've been doing 3months, it's annoying to have to call in every quarter vs it just rolling like other banks.
On the plus side though, the advisor can shop many different banks, rates & maturities which can be held in the master MS account. Generally, w/other banks, you are limited to their proprietary offerings and whatever the rollover rate happens to be. So yes, more work, but more flexibility and an opportunity for higher rates and greater diversification, in terms of the issuers.