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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.
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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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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.
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