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Brokered CD
(redirected from Brokered CDs)

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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 (CD) that one buys through a brokerage. A bank originates the CD, which a brokerage then buys and sells to its clients, usually in smaller pieces. A brokered CD pays a higher interest rate than most CDs to which a small investor has access, and may be traded. As with all CDs, they are insured by the FDIC.
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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Brokered CDs You can also investigate brokered CDs to find strong bank CD rates (and credit union CD rates.
Research and Investigate to Find Good CD Rates by Victoria Knight / Banking, finance and accounting community
There are several types of CD products such as Callable CDs, Brokered CDs, Bump Up CDs, Liquid CDs, Step Up or Step Down CDs, Variable Rate CDs, Add On CDs, and Zero Coupon CDs.
Check Personal CD Rates before Applying by Suhendra / Computers and Internet community
CDs are an important part of capital preservation strategies, and as our success with CDARS placements and brokered CDs indicates, we bring strong levels of support to CDs as an asset class," said Gary Strumeyer, president of BNY Mellon Capital Markets.
BNY Mellon Capital Markets Ranks No. 1 Among Broker-Dealers in ... by PR Newswire
 
 
 
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