Certificate of deposits is one of the most appealing kinds of saving money in the bank. It is yielding high interest rates thus most people are getting attracted to it. Today there are varieties of CDs available that can address the varying needs of consumers one of which is a brokered certificate of deposit. By the name itself we are already given an idea what it is all about. This particular type …

As the name suggests, brokered CDs are all those CDs that are brokered. In such cases the financial advisor of the investor searches and studies the economy before offering CD rates that would yield higher interest returns. These are offered by financial intermediary and can also be bought from brokerage firms. Difference between brokered CDs and bank CDs  Brokered CD has the money deposited for a particular tenure and the investor earns …

These CD’s, as the name suggests, are brokered which means they are offered through a financial intermediary.  In order to get a better understanding one needs to know how to buy, from whom to buy, and how you are paying for these CD’s, as well as what are the things to watch out for.  Given below are some of these basic facts that one has to bear in mind. Brokered CD’s are …

As the term suggests, brokered CD’s are bought from brokers. With a brokered CD, your broker will stand like a financial adviser for you trying to look for the best rates and the best place to acquire a CD. Just all the other types of certificate of deposits, an investor or a depositor will have to ‘keep’ or invest his money in a bank, a credit union or a financial institution for …

Conventionally a certificate of deposit is bought from a bank. A brokered CD is a type of traditional CD which is bought from a stock broker. It is FDIC insured upto a sum of 100,000$.Hence it carries with it a low risk rate. A brokered CD can also be sold on a secondary market. It can be liquidated prior to its maturation. Variations of a brokered CD Callable CD: It is a …