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A Brief Look at Brokered CDs

Certificates of Deposit are issued in a wide variety of structures and offer both individual and institutional investors competitive yields and the safety of FDIC insurance. The CDs issued may provide fixed or variable rates; maturities ranging from 30 days to 10 years; and monthly, semi-annually or at-maturity interest payment schedules.

Brokered CDs are highly flexible and enable banking institutions to issue instruments with the maturities and issue sizes that correspond to their individual needs, at rates that are generally less expensive than other wholesale funding alternatives. Brokered CDs can also reduce an institution’s liquidity risk by providing a competitive substitute for Federal Funds or FHLB advances.

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