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Auto-rollover for Treasuries and CDs at Schwab

Posted: Tue Jan 07, 2020 2:34 pm
by Kevin K.
Just received notice from Schwab that it's now possible to set up auto-rollover for T-bills bought at auction and CD's. I know other brokerages have offered this for some time but it's nice to see them doing so.

Schwab's SCHO short-term Treasury ETF is quite good but I'll take direct ownership and no fees over low fees anytime. I've been using their pure Treasury money market account too but the ER is way higher than Vanguard's so that's another place where short-term T-bills on auto-rollover could be good.

Re: Auto-rollover for Treasuries and CDs at Schwab

Posted: Tue Jan 07, 2020 2:48 pm
by ochotona
Ha, it's because I bugged them about it incessantly....

Re: Auto-rollover for Treasuries and CDs at Schwab

Posted: Tue Jan 07, 2020 3:31 pm
by Tortoise
I noticed that the other day, too! Very nice.

The problem I have is that I like to buy 1-year T-bills, but 90% of the time, when it's time for me to buy the T-bill, the next auction only offers 3-month, 6-month, and 2- or 3-year, completely skipping over 1-year. Auctions for 1-year T-bills seem less frequent than the others for some strange reason.

Re: Auto-rollover for Treasuries and CDs at Schwab

Posted: Wed Jan 08, 2020 8:45 am
by Kbg
Sweet...gonna have to check that out.