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Edited November 14, 2022
at 12:37 PM
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CIT Bank, our partner, offers the following benefits with their
13-Month Term CD.- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
- See site for details
Slickdeals may be compensated by CIT Bank
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$920 - ($920 x (25% + 9%)) = $607.2
You can use above example to plug in your real tax bracket percentages to get your own number. It's a bit difficult to show the calculation of interest on here but you can find interest calculator on web.
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You don't add money to existing CDs, you just keep buying new ones with new terms
This is absolutely not a controversial question from me. I am just wondering why CD offers like this get so much attention and brokered CDs do not when the rates seem so much better. I have only ever used TD for stock brokerage and nothing else. I do T-Bills via Treasury Direct. I am eager to understand what the pros and cons of brokered CDs are. Thanks.
They seem having fees, don't they?
This is absolutely not a controversial question from me. I am just wondering why CD offers like this get so much attention and brokered CDs do not when the rates seem so much better. I have only ever used TD for stock brokerage and nothing else. I do T-Bills via Treasury Direct. I am eager to understand what the pros and cons of brokered CDs are. Thanks.
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This is absolutely not a controversial question from me. I am just wondering why CD offers like this get so much attention and brokered CDs do not when the rates seem so much better. I have only ever used TD for stock brokerage and nothing else. I do T-Bills via Treasury Direct. I am eager to understand what the pros and cons of brokered CDs are. Thanks.
Yes you can
This is absolutely not a controversial question from me. I am just wondering why CD offers like this get so much attention and brokered CDs do not when the rates seem so much better. I have only ever used TD for stock brokerage and nothing else. I do T-Bills via Treasury Direct. I am eager to understand what the pros and cons of brokered CDs are. Thanks.
One downside - Brokered CDs cannot be liquidated pre-maturely. You may sell them to others but no guarantee that there will be a buyer.
Some brokered CDs may lack FDIC insurance although that's rare. Interactive brokers as an example just says all CDs sold on it are not insured.
Trustar Bank is offering 4.85%.
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The fact that I had to make a telephone call is enough reason for me to just get rid of CIT. Will CIT close my CD if I do not fund it, since although CIT verified my non-account account, CIT is also refusing to let me transfer money. I am not about to waste more time on telephone calls to CIT. Thanks.