How best to track CDs - Investing and Banking

Jonathan
Jonathan Member ✭✭
edited September 14 in Reports (Windows)

I have a large number of CDs, both acquired through Banking and Brokerage accounts. Quicken has a investment report that details maturity dates for bond and cds, but does not account for cds acquired through banks. Should i move my bank cds to Investing in order to be able better report on my cds? What would be the downside to this?

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  • [Deleted User]
    [Deleted User]

    @Jonathan - I would not suggest converting your bank CDs to securities and moving them to brokerage accounts. The valuation of the CDs would become totally manual. You would need to create a price for your pseudo securities and update whenever an interest payment posts. You would also lose the transaction history for your bank CD. In my opinion, it's really not worth the effort just to get the CDs on the Maturity Report.

    Instead, I would add the CD Maturity Date to the title of the CD account, such as "Synchrony Bank CD 07-15-26".

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