Quicken wants to rename different CD's from the same bank to one name after connection method change

Sheadpast
Sheadpast Quicken Windows Subscription Member ✭✭

Hello All:

I haven't seen this specific question on the site, but if it's out there, please direct me to the proper conversation with my thanks in advance.

My setup: Quicken Deluxe for Windows, V63.21, Windows 11

My issue: I hold 2 CD's in a Merrill IRA from the same bank with different rates & maturity dates. The "old" name on both included the bank name, rate & maturity date which is how they are listed in my Security list and made for easily differentiating them. Since Merrill's change in connection method; following a One Step Update, Quicken wants to rename one of the CD's to a shorten name (the bank name only) without the rate & maturity date info. Not knowing what Quicken will do, I've been rejecting the name change

So far, Quicken has only asked to rename 1 of the 2 CD's. I presume if I accept this name change, Quicken will next ask to rename the 2nd CD to the same, shorten bank only name; which I don't want because I won't be able to easily differentiate them without getting into security details every time.

Can someone tell me what Quicken is doing here, and more importantly: what I'll end up with if I accept this name change.

Thanks for your help with this question.

Answers

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