How to transfer cash from savings into a CD

phillycrush
Member ✭✭
My husband and I recently bought a CD and I want to transfer the money from Money Market into the CD. I can figure out how to set up the CD; can't figure out how to transfer the money into it. Thanks in advance!!
0
Answers
-
Every account you have in your quicken file is also automatically also a transfer category. Just enter the name of the CD account you created as the category in a payment transaction in the register of your money market account. This reduces the balance in your money market and adds it to your CD.0
-
Thanks for your quick response!! Actually I tried setting up the CD different ways and in the drop-down there is no way to transfer the money in. I tried setting it up as an investing account, as a savings account, as a checking account. When I try to transfer the money out of the Money Market, the new account does not appear in the drop-down.0
-
Is this a "Bank" CD, held in an account by itself like a savings account at a bank, or is it a "brokered" CD, held (usually) with other securities in a brokerage account? The Quicken setup will be different depending on which it is.
And is your money market account a bank account, or is it also at a brokerage?QWin Premier subscription1 -
Jim, thanks so much for your response! I was following instructions I found while Googling this issue and it was of no help. I eventually just set it up like a brokerage account and left blank anything I could. This way I was able to transfer out of the money market into the CD. I already know the maturity date and how much interest will accrue, so I'm good to go!!0
This discussion has been closed.
Categories
- All Categories
- 6 Product Ideas
- 27 Announcements
- 184 Alerts, Online Banking & Known Product Issues
- 17 Product Alerts
- 726 Welcome to the Community!
- 601 Before you Buy
- 1.1K Product Ideas
- 49.6K Quicken Classic for Windows
- 15.3K Quicken Classic for Mac
- 982 Quicken Mobile
- 772 Quicken on the Web
- 72 Quicken LifeHub