Recently looked into a Money Market Fund with Edward Jones.
Is this a good investment option and/or institution for 100-150k?
I am looking for low risk (almost 0)
Fairly liquid (a few days to withdraw with no penalties
Decent return. I was told by them 4.5% return after they take their fee.
Is there is better option with the above 3 criteria?
(Posting in several areas to get opinions)
EDIT: Going with Vanguards VMFXX.
Is there a minimum investment for Edward Jones CDs?
Edward Jones CDs have a $1,000 minimum opening deposit.
How can I invest in CDs through Edward Jones?
Investing in Edward Jones CDs requires either a bank account or brokerage account with the company. The cash in your brokerage account is held in a money market account. The company will deposit the interest your CD earns into your bank or money market market account.
Does Edward Jones charge a fee on CDs?
You may owe a commission of up to 2% of the deposit amount for any secondary CDs you open with Edward Jones, or up to 0.75% on secondary CDs you sell. But if you buy a CD during its initial offering period, you won't pay a commission fee. Basically, it depends on the role Edward Jones plays in the transaction. A portion of any commission paid may go to your Edward Jones financial advisor.