NEW CD'S AVAILABLE

 

 

CD OFFERINGS AVAILABLE NOW

SmarterCD offerings comprise 8 different CDs issued by Barclays Bank and BNP Paribas domestic partner, Bank of The West. Two CDs offer guaranteed income or the higher of the CD's performance. Remember, $25,000 is the minimum to establish an account and then you may add each month in $1,000 units. Laddering is very easy on this program.

Market-Linked CDs (MLCDs) can be a smart solution in today's environment.

With interest rates near historical lows, Government Bonds and Traditional CDs no longer offer returns that outpace inflation. This has lead to a substantial rise in the purchase of MLCDs which were originally developed by Chase Manhattan Bank in 1987. MLCDs are one of the few products available still offering the potential for returns greater than 3% without risking principal.

Potential benefits of MLCDs.

•      Safety - Principal Protection. 1

•      Insurance - FDIC Insurance. 2

•      Potential - Historical returns have averaged 3.54%.3

 

The Basics.

•      The issuing bank will return 100% of your principal at maturity.

•      If the bank fails the FDIC will return your principal as long as your deposits do not exceed statutory limits.

•      MLCDs pay interest each year based on the performance of stocks or commodities. 4

•      If you need to sell your MLCDs prior to maturity the issuer will buy it back at the current  market value.5

If you would like more information on MLCDs:

Contact us by e-mail: john@johnytrentcpa.com

Or by phone (516) 845-5050

 

The above summary is not intended to be an offer to purchase CDs. Interested depositors should request full offering documents from their financial consultant. 1 MLCDs are 100% principal protected when held to maturity based on the credit strength of the issuer. Z MLCDs are FDIC Insured up to statutory limits, which are described in detail in the offering documents, generally up to $250,000 per bank, per account registration. 323 MLCDs on this platform have paid interest with an average payment of 3.54% however past performance is not a prediction of future results as each MLCD offers different variables which will affect actual interest paid. 4 Interest is subject to a CAP with caps currently ranging from 5% - 9.625% depending on the particular MLCD. S If MLCDs are sold back to issuer prior to maturity, depositor may receive less or more than original deposit.