For clients interested in safety of principal, we offer FDIC insured Certificates of Deposit. CDs are available in $1,000 denominations with maturities ranging from 1 month to 20 years and beyond. Current FDIC insurance covers up to $250,000 per institution per account.
We offer a number of different "types" of CDs: Fixed coupons with fixed maturities, callable issues that have fixed or "stepping up" coupons, and the more intricate "structured" issues with variable coupons. Regardless of structure, all our CDs carry FDIC insurance and offer the Estate Feature.
Through our program investors have access to CDs from many institutions across the country. Because of the variety of CDs we offer, an investor may find the appropriate CD best suited to their particular investment objectives.
Although not obligated, we maintain a secondary market in this product. You will be subject to current market conditions and we will always provide a bid for you to liquidate a position.
For more information on Certificates of Deposit please contact your Financial Advisor.
Brokered CDs are FDIC insured up to applicable limits. Redeeming CDs prior to maturity may result in loss of principal due to fluctuations in the interest rate, lack of liquidity, or transaction costs. CDs sold prior to maturity may be worth less or more than the original purchase.
If a CD has a call feature, the CD may be callable at the sole discretion of the issuing depository institution and if called, you will be subject to reinvestment risk.