Rachel Louise Ensign

speaker

574 appearances 12 recordings 1 series first heard Jan 2018 last heard Jan 2024

Rachel Louise Ensign’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

But if you have enough to meet that limit, so say $1,000 and you are a client of one of these brokerage firms, you can buy one.

It's really anyone with a brokerage account.

So it's not just the wealthiest people.

I mean, brokerage customers aren't typically like the lowest income people.

But, you know, there are a lot of savvy, scrappy investors who might just have a few thousand dollars in there to trade in.

stocks or bonds or invest in index funds.

And those people would have easy access to these brokered CDs that have much higher rates than what the banks are offering them directly.

The CDs are presented as an investment option alongside the stocks and bonds and

ETFs and all the stuff that folks have been pretty familiar with in recent years.

And we heard actually from Schwab that traffic to the CD part of their website was up like 54% in September.

So people are looking at these alongside their other investment options.

There are a few technical differences between these two types of CDs.

For instance, with a bank CD, if you want your money back before...

The end of the term, you can get it back.

The bank often charges a penalty.

So folks kind of advise to only buy these brokered CDs for a time period that you are committed to having your money locked up for.

Yeah, thanks so much for having me.

So they are increasing rates on what we think of as the traditional CDs, like you go to the bank website and look for a CD.

But where they are giving the best rates are on these products called brokered CDs.

Thanks so much for having me.

Showing 81–100 of 574 · page 5 of 29