The Problem With Brokered CD's- What You Need To Know

Vanguard offers CD's but they AREN'T normal CD's. Today we get nerdy 🤓and dive into the world of Brokered CD's to show how they are different than a traditional bank CD. At first the higher interest rates and potential for long durations seem like a great alternative to bank CD's, but when you dive deeper it's not quite as appealing.


⏱Handy Timeline:
0:00 Brokered CD's
0:20 How it works
1:02 Positive things
2:20 Tricky things
4:45 Not compounding
5:46 Can't roll over
7:02 Better rates?
8:02 What's the effect of not compounding?
8:11 It's Spreadsheet Time
9:54 Who is this for?
10:21 Have you used one?

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#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!

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