Merrill Lynch Preferred Deposit - Global Network
Preferred deposit® is a bank deposit product that is offered through your merrill lynch, pierce, fenner & smith incorporated (mlpf&s or merrill lynch) brokerage account. With preferred deposit®, you can help manage your everyday expenses and cash flow, as well as your objectives for the future. Earn more interest on your cash balances.
Understanding the Context
Merrill offers access to a variety of money market mutual funds (money market funds) and bank deposit solutions designed to provide liquidity, relative safety, and yields for your cash. Apr 9, 2016 · is anyone currently using merrill preferred deposit? Is it worth the hassle of consolidating 100k at merrill to do the initial buy in? I believe everything can be done online.
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Key Insights
With preferred deposit, your money is placed by merrill lynch into a deposit account with bank of america, n. a. , where it will earn interest. You can benefit from a competitive yield to help you optimize the cash you may need for your goals. For current rate information, visit.