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Investments & Financial Planning

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  4. What is a Brokered Certificate of Deposit ?

What is a Brokered Certificate of Deposit ?

A brokered Certificate of Deposit is a certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to their brokerage customers. A broker Certificate of Deposit features a higher interest rate, usually 1 percent higher, and is FDIC insured and do not usually have commissions.

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