One of the products that some savers use in order to get higher yields on their CDs is brokerage CDs. For the most part, brokerage CDs are regular CDs. However, when you get them through a broker, sometimes you can find higher rates, since the broker might have access to a wider variety of offerings. In some cases, too, the brokerage will put a large amount of money into a CD, and you can get…
One of the issues that many have with CDs is the fact that the yields can be somewhat low. Indeed, with most cash products, the yield is relatively low. This is because cash is mostly safe, with your principal, up to $250,000 per account, guaranteed by the FDIC (assuming you have your account at an insured bank). CDs see a little higher yield than you will get on many savings accounts because you do not…