Brokered Certificates of Deposit (CDs)
Incapital's new issue and secondary CD desks represent over 300 banking institutions for bullet, callable and structured CD issuance. Our CD program offers broker-dealers and financial advisors a wide selection of new issue bank CDs.
Most investors are familiar with the type of CDs that can be purchased at a local bank branch. Many banks are highly motivated to gain depositors beyond local walk-in customers. As a result, numerous banks utilize the nationwide brokerage community for distribution of CDs. CDs obtained in this manner are referred to as Brokered CDs. Like CDs purchased at a bank, or any other bank deposit, Brokered CDs are backed by the full faith and credit of the U.S. Government through Federal Deposit Insurance Corporation (FDIC) Insurance.
Brokered CDs are simply Certificates of Deposit of banks sold through financial advisors. CD transactions can be easily executed within a brokerage account with just a phone call to a financial advisor. Brokered CDs are obligations of the bank, not the broker. Investors do not receive physical certificates for their Brokered CDs, but instead receive a periodic account statement detailing their CD holdings.
Financial professionals may obtain more information on weekly issuance and rates by calling (800) 327-1546.
Please consult your financial advisor prior to investing any money in these or other products. These products are offered through many but not all broker-dealers. This information does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of those securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Certain products are offered by prospectus or offering circular only. Product suitability must be determined for each individual investor.