Brokered CD s an Informative guide
What are Brokered CDs? This is a question many investors are asking in their
quest to obtain the maximum amount of earnings through this conservative type of
investment.
As the name suggests, a brokered CD is purchased...
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Brokered CD s an Informative guide
What are Brokered CDs? This is a question many investors are asking in their
quest to obtain the maximum amount of earnings through this conservative type of
investment.
As the name suggests, a brokered CD is purchased through a broker
or third party other than a bank or credit union.
With a typical CD that is purchased through a financial institution, the stated CD
rates for that establishment are all that is available at that place of business.
With
a brokered CD, the investor has a variety of choices from many different financial
institutions that your broker is currently handling.
Unlike bank issued CDs, the
brokered CD can be bought and sold on a secondary market before their maturity
term has expired.
The CDs purchased through a broker do allow for a wider variety, but as an
individual you can go to these financial institutions and make the same purchase
without having to pay the broker’s fee.
This is now possible through the online
websit
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