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Wednesday, November 30, 2011 - 6:35 PM
Pros And Cons Of Equity-Linked Certificates Of Deposit
USA Today has a basic review of equity-linked CDs (ELCDs):
Do you know of any examples of rates and terms of recent ELCDs?
Equity-linked certificates of deposit, or ELCDs, are a type of CD. CDs are usually FDIC-insured contracts typically between savers and banks that promise some sort of interest rate over a set period of time. ELCDs attempt to give savers the confidence their money is safe and secure, while giving them a chance at getting higher returns.There are some more issues to consider in this SEC review of ELCDs.
Do you know of any examples of rates and terms of recent ELCDs?
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