In the era of online banking, however, even brokered CDs do not always garner the absolute highest rates.

Brokers are able to negotiate higher CD rates since they can guarantee a large pool of buyers to CD issuers.

Higher APYs: You can often get higher yields on a brokered CD than with a bank-issued CD.

This means that brokered CDs carry some additional risk, as the price of these CDs may fluctuate on the open market. If you need to get out of your CD, you can usually sell it back to another investor through a brokerage firm.

No early withdrawal penalties: Brokered CDs don’t have early withdrawal penalties.

However, there are some important distinctions: Instead, the firm offers a range of CDs issued by other banks and thrifts but sold via Edward Jones.įor the casual investor, it can be hard at first glance to tell the difference between bank-issued and brokered CDs. Since Edward Jones is a broker and not a bank, it cannot issue its own CDs. Bank-issued CDs, as the name implies, are issued by individual banks for their customers.

Goldman Sachs Bank USA High-yield 5 Year CDĮdward Jones offers brokered CDs, which are a bit different from the standard bank-issued CDs that most investors are familiar with. On Goldman Sachs Bank USA’s secure website Goldman Sachs Bank USA High-yield 12 Month CD

Edward jones cd interest rates