Brokered CDs: What they are and how to buy them [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Traditional CDs are available at banks and credit unions, while a brokered CD is available via a brokerage firm. If choosing between a brokered CD and a traditional CD, factor in how much you want to deposit, risk tolerance and need for liquidity to determine which is right for you. Brokered CDs are certificates of deposit you purchase through a brokerage firm, rather than directly from a bank. These time-deposit savings products are similar to traditional CDs found at a bank, but they're purchased and sold on the secondary market through a brokerage account. Unlike traditional CDs, brokered CDs may be bought and sold before the maturity date. Annual percentage yields (APYs) on brokered CDs may be higher than those offered from banks, but that isn't always the case. Like CDs from most banks, funds in brokered CDs are covered by federal deposit insurance, within the established limits, if the CD was issued from a federally insured bank or credit union. To buy a brokered CD, yo
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BAC
Earnings
- 10/15/24 - Beat
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Sec Filings
- 11/13/24 - Form FWP
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- BAC's page on the SEC website