What Are Brokered CDs? Should You Invest in One? Bank vs. Broker CD Pros and Cons
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YouTubeTax, Life & Finances
What Are Brokered CDs? Should You Invest in One? Bank vs. Broker CD Pros and Cons
There are several similarities as well as differences between Bank and Broker CDs. Brokered CDs can be traded on a secondary market. There is a secondary transaction fee involved, and you may lose or gain money depending on whether the current interest rates are lower or higher, respectively, at that time. Bank CDs have an early withdrawal ...
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