BROKERED CDs: SIMPLE AND SAFE.

The article reveals the benefits of brokered certificates deposit (CD) as a safe way to invest one's money in. Putting money into a nine-month ladder of CD also offers a better yield than a Treasury bill. Creating a CD ladder entails searching for the best rates, filling out applications and keeping track of the balances and maturity dates. When purchases are made through a single custodian, the data is consolidated on a monthly statement and transferring funds is much more easier as it only needs a phone call.