Quote:
Originally Posted by Aces4
No fees or other accounts necessary for brokered CDs? If a cd is brokered, there is either money taken off the top or at the end of the cd. One had better be sure their investment is FDIC insured and not something else.
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Vanguard and Fidelity do make money with built in management fees, but the quoted yields for brokered CDs are the actual yield that you will receive. There is no separate fee to have an account with these companies. A bank can only offer you CDs that they have created. But, Vanguard and Fidelity have access to thousands of products from thousands of sources. An individual bank cannot compete for yields with Vanguard and Fidelity.