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I was reading on my Ameritrade account regarding CDs that can be purchased and held in my Ameritrade account.

I was unable to find the penalty on any of the CDs listed for early withdrawal...

We do not need income from these, only better interest than most banks are now paying, and the safety of CDs rather than investing more into the stock market/bonds.

We are 68 & 69 and have now been retired for 18 years. Live comfortably, no mortgage or car payments. Necessary income is covered by SS for both of and VA disability. Any additional income goes to cover all the "play" things we enjoy doing.

What pros and cons are there to purchasing CDs from Ameritrade or ones that are on the secondary market?
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