Author Topic: CD from broker?  (Read 938 times)

firedup

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CD from broker?
« on: October 15, 2014, 08:12:17 PM »
Has anyone ever bought these? The rates are good & getting better and the terms are longer than your local bank. I just discovered them and am tempted once they get up there again. But I just don't understand the inner workings of these. It appears you cannot get out of them and just pay a penalty you have to sell them on the secondary market. hmm...maybe that's why the rates are better. The big advantage I see is the 250,000 FDIC applies per bank not per broker. Anyone have any insight on these? Thank you.