Curious as to why I'm just discovering brokered CDs through my investment accounts. The rates seem significantly higher - an example:
- a 14m Ally Select CD quoted today on this site is 1.65%
- the 12m CD on Ally's site quoted at 1.40%
- and a 12m CD from Ally on Schwab is at 2.00%.
These are new issues and commission free. And no opening/closing accounts and multiple fund transfers. This sure seems both more lucrative and easier. What am I missing?