Home
Savings Rates
CD Rates
Bonds
Mortgage Rates
Home Equity Rates
Auto Loan Rates
Credit Cards
Brokerages

Like many, I spend the last couple of days buying brokered CDs. In my case, I took a lower rate that those rates listed on BestCashCow.com just to easily put my money in a protected place - someplace other than my money market funds. I actually locked up money for the 4-5 month range at a lower rate than the money market funds. This morning, with the announcement that money market funds would be protected by Treasury, I tried to close out of the brokered CDs (some of which hadn't even technically been purchased yet). I learned that I would need to get a bid and sell them below par. With ordinary CDs, you never are going to have the bank take your principal (as long as you are below FDIC insurance limits), and you are always going to get a better rate if you use the tables on BestCashCow.com. I am glad that Treasury is protecting money market funds and I won't need to play with brokered CDs any longer.

 

Submitted: Sep 19, 2008    Views: 254    Comments: 0    Likes: 1   


View Article: http://www.bestcashcow.com/cash_equivalents/brokerage_cds.html


Sponsor Updates and Offers

Sign up for Zions Direct’s free weekly newsletter.

Get market information, CD and Bond auction updates, new-issue alerts and more.

Related Articles:



1

Email this story Email to someone | Print Story Print Content | Add to reading list



Add Your Comments:

Your Name:

Spam protection control:


Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2009 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.