What is a Brokered CD?
A brokered certificate of deposit (CD) is a CD that an investor purchases through a brokerage firm other than a bank. Although the bank still initiates the CD, it outsources to financial intermediaries, like IBN to locate potential investors. You buy and sell brokered CDs much like other fixed‐income investments. You can even trade brokered CDs in the secondary market, increasing their liquidity.
Securities offered through Institutional Bond Network, LLC member FINRA/SIPC