non callable step up brokered cd

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non callable step up brokered cd

Post by gerrym51 » Mon Mar 03, 2014 12:13 pm

I purchase brokered cd's both new issue and secondary.
this is not a post asking for opinions between brokerd and regular bank cd's.

It is a question to anybody who does buy brokered cd's. has anybody ever found a step-up cd that is call protected. I look at step up cd's but have never seen one that is call protected.

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Re: non callable step up brokered cd

Post by Call_Me_Op » Mon Mar 03, 2014 12:20 pm

I don't think you will find one. I see the step-up CD's as a gimmick. They are all callable - so if interest rates do not rise sufficiently (to favor the bank) the bank will just call the CD. It's heads I win, tails you lose from the bank's perspective.
Best regards, -Op | | "In the middle of difficulty lies opportunity." Einstein

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