Bank deposit products are undoubtedly the safest bets these days due to the FDIC insurance. However, to maximize your potential income, you need to weigh out the benefits and risks involved in investing in the various types of CDs. For instance, if you want to invest in callable CD, you need to understand clearly how you can use this investment …

As the name suggests, brokered CDs are acquired through a brokerage firm or a sales representative but not directly from the issuing bank. This means that the financial advisor, or the broker, surveys the marketplace to determine the best CD rates available. Just like any other CDs, you will agree to deposit the money for a specified term, and the …