No. of Recommendations: 3
Usually the commission on a $10000 brokered CD is about $50. Of course it is in the yield--the CD matures at face value. So the commission on a CD is like the spread on a bond.

Actually your full-service broker might have a secondary market CD. You cannot take a bokered CD back to the bank to cash out early, but the broker will buy it back from you and then resell it. In that manner a few months back I got 3% annually for a 6-month CD. The availability of this of course is spotty--depends on somebody needing their money early, and they took the haircut for the service.

I agree--don't buy a CD that isn't FDIC insured. For that reason I'd be suspicious of the Argentine one.

Best wishes, Chris
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