A bank CD is issued directly by a bank and pays a fixed rate if you hold it to maturity. A brokered CD, on the other hand, is purchased through a brokerage and often offers access to higher rates and ...

Learn how it works, its benefits, and potential drawbacks.

Most certificates of deposit (CDs) are insured by the Federal Deposit Insurance Corporation (FDIC) if they’re issued by a member bank. That means your money is protected up to $250,000 per depositor, ...