Differences between brokered cds and traditional cds

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Reference no: EM133378616

THE WALL STREET JOURNAL

Banks Are Offering 4.5% CDs-Just Not to Regular Customers

Consumers are finding the highest interest rates on CDs in years through brokerage firms

You can find this article online or just answer to the best of your ability

Read the following WSJ article and answer the following questions briefly.

(a) what are brokered CDs;

(b) what are the main differences between brokered CDs and traditional CDs?

c) What is the 1-year CD rate offered by your bank or credit union? How does it compare to the brokered CD rates reported in the article? (6 points)

Reference no: EM133378616

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