Buying a CD through a brokerage may lead to higher CD rates. Be sure to understand the complexities of the deal though.
Brokered CDs allow investors to take advantage of higher CD rates anywhere in the country. Brokerages sell newly issued CDs as well as certificates of deposits on the secondary market. That means that if you buy a three-year CD with a 2 percent yield for $1,000 and then want to get out of it, you