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“You need to make sure that the CD actually is insured by the FDIC. “

I will echo what AJ posted. I read some of the CD’s sold in the secondary market are not covered by FDIC insurance. They are only covered for the primary purchaser. Since part of the reason you are purchasing CD’s and thus willing to accept a lower return is because of the safety it offers, it would not be prudent to forego FDIC insurance.
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