Brokered CDs

If your institution is like many others, chances are local deposits no longer satisfy your funding needs. We can show you how to bridge this funding gap by tapping into the growing market for brokered certificates of deposit.  Since brokered CDs first became a funding alternative in 1982, hundreds of financial institutions have issued CDs for sale to investors through some of America’s most prestigious brokerage firms.

The Appeal of Brokered CDs – Individual and institutional investors alike choose certificates of deposit for their competitive yields and the safety of FDIC insurance.  For issuers, brokered CDs are highly flexible, enabling your institution to issue instruments with the maturities and issue sizes that correspond to your unique needs, at rates that are generally less expensive than other wholesale funding alternatives.  Brokered CDs can also reduce your liquidity risk by providing a competitive substitute for Federal Funds or FHLB advances.  Thus, keeping your securities available for pledging for your public funds customers.

Contact The Bankers Bank Money Desk today for details and current rates.