I show how to buy brokered CDs in a Charles Schwab brokerage account step by step. With short term interest rates higher than long term rates, it makes sense to park you spare cash in short term investments like certificates of deposits which are FDIC insured. I explain brokered CDs and talk about the advantages over buying Treasury Bills or other bonds.
By using a brokerage account like Charles Schwab, you can choose from the best CD rates in the country without having to open up a new bank account every time you find a bank offering a better CD rate. Follow along as I look at brokered CDs and actually place the order to buy one on the Schwab online platform.
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How To Buy Brokered CDs At Charles Schwab (Step By Step)
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