Bank of America/Merrill Edge - Preferred Rewards

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hap_ca
Posts: 46
Joined: Sat Jun 09, 2018 3:42 pm

Re: Bank of America/Merrill Edge - Preferred Rewards

Post by hap_ca » Sat Oct 05, 2019 4:41 pm

Looks like the $900 sign up bonus is available again. I opened a taxable (CMA) and transferred a Roth IRA this year. Is it possible to get a 3rd bonus in one year by transferring a Traditional IRA?

I'd like to consolidate further but it's difficult matching some of what Vanguard offers. I haven't found an equivalent to Vanguard Treasury Money Market Fund (VUSXX) for holding an emergency fund at any other brokerage yet.

My biggest complaint about ME so far is their mobile app doesn't allow you to sell specific lots. Vanguard's antiquated app allows you to do it easily. I checked Fidelity too and couldn't find the option. Not sure why so many of these brokerages are behind on their mobile apps.

isira
Posts: 36
Joined: Fri Nov 16, 2018 10:15 pm

Re: Bank of America/Merrill Edge - Preferred Rewards

Post by isira » Sun Oct 06, 2019 12:48 pm

hap_ca wrote:
Sat Oct 05, 2019 4:41 pm
I'd like to consolidate further but it's difficult matching some of what Vanguard offers. I haven't found an equivalent to Vanguard Treasury Money Market Fund (VUSXX) for holding an emergency fund at any other brokerage yet.
The equivalent to VUSXX at Merrill Edge is TTTXX (BlackRock) and UTIXX (Federated) as they all invest directly into US Treasuries and not repurchase agreements. However, I have not found anyone matching the ultra low expense ratio of VUSXX so its yield will always be greater than any other fund.

Merrill Edge has a table summarizing settlement/cutoff times of their money market funds which I found very useful in making my money market fund decision. (Research->Mutual Funds->Cash Management Solutions Tab)

MisterBill
Posts: 438
Joined: Thu Dec 24, 2015 3:21 pm

Re: Bank of America/Merrill Edge - Preferred Rewards

Post by MisterBill » Tue Oct 08, 2019 2:47 pm

I wanted to mention that I received some BankAmerideals this week that are supposedly exclusive to Preferred Rewards customers, generally for high-end clothing retailers (Club Monaco and Vince Camuto are the two I am able to find at the moment). i had not seen that before.

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