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brokered CD

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Brokered CD
A certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to brokerage customers. A broker CD features a higher interest rate, usually 1% higher, and are FDIC insured and do not usually have commissions.
brokered CD
A certificate of deposit of a commercial bank or savings and loan that is sold through an intermediary (usually a brokerage firm) rather than directly by the savings institution itself. Small investors can frequently obtain rates paid on very large certificates through brokered CDs, which are generally sold in $1,000 units.


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1%) Interest-bearing deposits, excluding Brokered CDs 10,851,591 10,538,856 3.
Associated Earns 63 Cents Per Diluted Share in 2nd Quarter of 2006, ... by Business Wire
4%) Interest-bearing deposits, excluding Brokered CDs 10,730,135 10,538,856 1.
Associated Earns 60 Cents Per Diluted Share in 1st Quarter of 2006 by Business Wire
7% Interest-bearing deposits, excluding Brokered CDs 10,538,856 10,077,069 4.
Associated Banc-Corp Earns $2.43 Per Share in 2005 and 64 Cents in ... by Business Wire
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