If you need money before the term ends, rather than pay an early withdrawal penalty, you'll sell your CD on the secondary market. Brokered CDs typically offer flexible terms and higher interest rates ...
Your bank probably won't call your CD if prevailing interest rates increase ... Anyone can be a deposit broker to sell CDs. There are no licensing or certification requirements.
Compounding interest contributes significantly to your CD’s earnings, and its frequency makes a difference ... Bonds are debt securities that the federal government, municipalities and corporations ...
After all, if your money doesn't earn a return that's at least equal to inflation, it will lose buying power. But, a certificate of deposit (CD) can help. That's because today's leading accounts ...