Brokered Cds: How They Work

Spencer Tierney, NerdWallet.com
Tue, 06/18/2019 - 8:56am

A certificate of deposit, whether taken out directly from a bank or through a brokerage, is a type of savings account that locks funds for a set number of months or years. In exchange, the money is guaranteed to earn interest based on a fixed rate that’s generally higher than rates on brick-and-mortar banks’ regular... Spencer Tierney is a writer at NerdWallet.

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Topics:  personal finance   
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