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Tradeable CDs download to Quicken as Bonds.

ernie@

When you purchase a CD on Schwab, the transaction downloads as a bond. (pricing is different). Instead of getting 1000 units at $100, it downloads as 100 units at $1000. This has caused a work-around requirement on Quicken, i.e., you have to download and then edit the security to make the Quicken portfolio match the broker portfolio. I have been doing this for years as a force of habit and fail to understand why Quicken changes the classification during downloads. Seems like a VERY easy fix for Quicken??

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splasher

That must be "unique" to Schwab because my CDs at Edward Jones download as units at $100, so $15000 is 150 at 100.

So, you need to complain to Schwab about how they are representing the information, Quicken just repeats what it gets.

[Deleted User]

@ernie@ as far as I know, both bonds and brokered CDs use 100 par pricing. I think the issue might be that Schwab has some coding errors in their update file.

I have several brokered CDs (not from Schwab) that I have no issues with. For a 50,000.00 CD purchase, the units come across as 500 and the initial purchase price is 100.000.

Sometimes if I don't set up the CD on Quicken before the purchase transaction is downloaded, the CD is coded with a security type of "Bond". If that happens I just change it to "CD". But again, I haven't had any issues with the purchase price being incorrect.

I agree with @splasher that Quicken just repeats what it gets and if you need this issue addressed, you would need to get in contact Schwab.