Posted On: 03/16/2013 12:10:14 AM
Post# of 351
The meaning and definition of Brokerage Certificate of Deposit CD -
A large-denomination CD sold by a bank to a brokerage, which then divides it into smaller pieces for sale to its customers. Brokerage CDs generally pay higher interest than CDs issued directly by banks. CD's are FDIC-insured up to $100,000 and are more liquid than bank-issued CDs.
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