Joseph A. Gunther, CFP® 

CONNECT

Address:

Norwich Office
19 Eaton AVE,
Norwich, NY 13815
Phone: 607-336-2434

Rome Office
203 W Dominick ST,
Rome, NY 13440
Phone: 315-336-3070

Phone:

Certificates of Deposit

Many investors are careful when choosing where to invest their hard-earned money, particularly given the recent economic downturn.

For this reason, Brokered Certificates of Deposit (CDs) are a common low-risk investment, since they can feature federal deposit insurance. A CD is a deposit account that generally offers a higher rate of interest than a regular savings account. Investors put a fixed sum of money into a CD for a fixed period of time, and when the CD is redeemed, gain the accrued interest, plus the principal amount invested.

If a CD is redeemed before it matures, the issuing institutional may enforce an “early withdrawal” penalty or forfeit a portion of the interest.

Contact us today to learn about how Brokered Certificates of Deposit can benefit your investment portfolio.

Certificates of Deposit are FDIC insured and offer a fixed rate of return if held to maturity. Brokered CDs sold prior to maturity in the secondary market may result in loss of principal due to fluctuations in the interest rate or lack of liquidity.  Brokered CDs are registered with the Depository Trust Corp. (“DTC”).  Brokered CDs with step-down and/or call provisions may be less favorable than traditional CDs without these features.