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plowt-kirn t1_jefqf79 wrote

Merrill is offering a "Merrill Preferred Deposit" product which is currently offering 4.5%. That's what I would do.

https://www.ml.com/solutions/preferred-deposit.html

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Confident_Good4007 t1_jefufgh wrote

that looks good. Am I understanding it right that is is basically a savings but I don't have access to it right away?

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plowt-kirn t1_jefutf6 wrote

> Deposit and withdrawal requests made by 5 p.m. Eastern time will have same-day settlement.

So you can withdraw same-day as long as you do it during business hours. Withdrawals made overnight will have to wait for the next business day.

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