Yeah, I periodically look at brokered CDs and never find them compelling compared to bank CDs, like the 4.99% available now from KS State Bank. If rates go down, you continue to get your 4.99%. If rates go up substantially, you have the option to bail out (with a penalty of 18 months interest for CD terms of 5+ years).
Purchase Method. Traditional CDs are purchased directly from a bank or credit union, while brokered CDs are purchased through a brokerage firm or financial advisor. This means that investors who want a traditional CD must go to a specific bank or credit union to purchase it, whereas investors who want a brokered CD can work with any brokerage
Brokered CDs typically are more complex and may carry more risks than CDs offered directly by banks. For example, if you buy a brokered CD and need to get your money back early, you may lose some of your principal. Be sure to read the fine print about the features of any brokered CD you are considering. In addition, since brokered CDs are sold Key takeaways. Both money market funds and CDs are relatively safe investments, delivering an income stream in the form of interest or dividends. Money market funds are generally more liquid than bank or brokered CDs. Interest rates on money market funds and CDs are influenced by the federal funds rate, which the Federal Reserve raises or
Here’s an overview of Marcus by Goldman Sachs’ CD rates. Rates are accurate as of January 3, 2024. CD Term. APY. Minimum Deposit. 6 Months. 5.25%. $500. 9 Months.
Bonds vs. CDs: Taxes. When investing, taxes matter. Regardless of stated returns, if bonds or CDs are highly taxed, the after-tax return is key, not the stated interest or coupon rate. CD interest
18 hours ago · Synchrony Bank. 4.9. Overview. Synchrony Bank offers many regular CDs ranging from three months to five years. It also added a no-penalty CD and a bump-up CD earlier this year. Synchrony Bank also
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    • brokered cd vs bank cd