Riki at BestCashCow has a good overview of zero-coupon CDs and some of the issues to consider:
One type of brokered CD is called a zero-coupon CD. The term “coupon” refers to interest. Zero-coupon CDs do not bear interest, but are issued at a substantial discount from face amount (also called “par amount”).
Ken Tumin5,442 posts since Nov 29, 2009 Rep Points: 123,743