Bank CDs vs Brokered CDs vs Treasuries--Which is "Best" for Short-Term Cash?

SaveBetter No-Penalty CD (2.55% APY): https://www.allcards.com/patriot-bank-17-month-no-penalty-cd

Today we respond to a viewer's question about bank certificates of deposit versus brokered CDs.

Here is the viewer's question:

"I'd like to move some [money] to a CD - and don't understand the difference in buying a CD through my brokerage (Fidelity) - which is showing products with high rates or buying directly through a bank like the SallieMae Save Better listed in the newsletter? I feel confident in Fidelity and I'm not sure about an online bank I've not done business with/can trust?"

It's a great question, In the video, I cover traditional bank CDs, no-penalty CDs, brokered CDs and short-term (1 year or less) Treasuries.

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Video Resources
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SaveBetter No-Penalty CD (2.55% APY): https://robberger.com/sallie-mae-14-no-penalty-cd
Fidelity Brokered CDs: https://www.fidelity.com/fixed-income-bonds/cds
Fidelity Treasury Bonds: https://fixedincome.fidelity.com/ftgw/fi/FILanding#tbindividual-bonds|treasury

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My Favorite Online Banks: https://www.allcards.com/best-online-banks/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=Boilerplate

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

Тэги:

#certificates_of_deposit #cd #bank_cd #brokered_cd #no-penalty_cd #treasuries #treasury_bills #treasury_bonds

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