Certificates Of Deposit (CDs)
Certificate of Deposits are promissory notes issued by financial institutions. They typically pay a set interest rate for a specified period of time.
1. CD’s usually offer more interest than a typical savings account but less than a bond may offer.
2. Brokered CD’s are issued by banks through a broker. They and can be an advantage to the investor because the broker can often negotiate a higher rate than the individual investor would be able to receive. The broker can do this because they are able to pool investors together and offer the bank a larger amount thus negotiate a higher rate.
3. Brokered CD’s are FDIC insured up to $250,000, similar to if you purchased a CD at your local bank.
ACAP Trading offers secondary liquidity on CD’s and offerings can be found on BOLTS™.
To view our Bonds On-Line Trading System™, please click here.