a brokered CD is a type of CD that you purchase from an investment firm rather than a bank. Because investment firms buy CDs from banks to offer to their customers, you can often choose from a ...
You can get a whole CD for a minimum of $1,000 or buy CD fractions in increments of $100. Moreover, unlike a bank-issued CD, you’ll only receive simple interest rather than compounding interest.
Fidelity's new issue CDs are sold in $1,000 increments—if you want to invest $10,000, for instance, you'd buy 10 CDs. You can also purchase prepackaged CD ladders with varying terms. There are ...
Most people buy CDs at financial institutions, but you can also purchase brokered CDs from third parties. Brokered CDs can have several advantages over traditional CDs but also more risks.