![]() ![]() ![]() You also don’t need a jumbo-sized deposit to qualify for the best rates.īank of America CD rates are as high as 5.00% APYs for its seven- and 13-month Featured CDs, which require a minimum deposit of $1,000. If you are, this might be an attractive option-especially if you might need to cash out early.īank of America is another brick-and-mortar bank with branches in Iowa, but you don’t have to live near one to open a CD. You must be a Charles Schwab customer to open a CD, and these accounts require a $1,000 minimum deposit. Investors can trade or sell brokered CDs before maturity without penalty, but sales are not guaranteed, and you may not earn what you paid.Ĭharles Schwab CD rates are often some of the best available, with rates as high as 5.45%. All CDs sold through Schwab CD OneSource are issued through FDIC-insured banks and covered up to $250,000 per depositor, per bank. And rather than compounding, interest on a brokered CD is paid out regularly to a brokerage account.Ĭustomers in any state can shop for and compare Charles Schwab CDs before making a purchase. Instead, these certificates can be sold prior to maturity on the secondary market. A brokered CD differs from a bank CD in that early withdrawals are not permitted. Schwab CD OneSource is a marketplace for brokered CDs run by brokerage firm Charles Schwab. ![]()
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