Question
What are Brokered Certificates of deposit?
Interesting Question? 
(3) 
(7)
(3) (7)
Answers (1)
7th May 2010 by Gary B
A brokered certificate of deposit is exactly what is sounds like, a CD sold by a stock broker, or other agent, and not from a bank. A brokered CD can be sold on the secondary market, but you do need to be careful of the rating of the bank issuing the CDs is above three stars, as it can be hard to sell them sometimes on the secondary market if you choose to do that, without a higher rating. Just like a CD offered by a bank, a brokered CD is insured for $100,000.
A brokered certificate of deposit is exactly what is sounds like, a CD sold by a stock broker, or other agent, and not from a bank. A brokered CD can be sold on the secondary market, but you do need to be careful of the rating of the bank issuing the CDs is above three stars, as it can be hard to sell them sometimes on the secondary market if you choose to do that, without a higher rating. Just like a CD offered by a bank, a brokered CD is insured for $100,000.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
11th Dec 2009 In Investing
1 Answers | 140 Views
Subjects: brokered certificates of depos,