Although most investors have traditionally purchased CDs through local banks, many brokerage firms now offer CDs.  The brokerage firms called deposit brokers represent various banks and offer the bank CDs as a service to their customers.  Some brokered CDs offer higher CD rates due to special features or extended terms.    These brokered CDs should be carefully scrutinized to make sure the terms and conditions are exactly what you need and what was being marketed to you.  Before investing in a broker CD compare and shop the best CD rates offered by banks in your area on large national banks.

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