Looking for a CD that offers a truly competitive rate?
Get the most from your money with a Financial Advisor at OnPoint.
OnPoint Investment Services can offer a brokered CD through Raymond James Financial Services with highly competitive rates of return, plus annual account fees are waived for accounts over $250,000.
Whether you’re looking for a fixed account to park cash, or an FDIC-insured predictable income stream, the Raymond James advisors at OnPoint Investment Services can help you make your money go further. Please contact us for complete information about brokered CDs, including any insurance¹, liquidity², and possible expenses.
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Disclosures
Interest-bearing CDs are made available with a minimum initial denomination of $50,000.
CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Subject to availability. Rates expressed as annual percentage yield (APY) as of 12/13/23. APY may reflect a current market discount.
¹ Brokered Certificates of Deposit (CDs) purchased through a securities broker and held in a brokerage account are considered deposits with the issuing institution and are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the US, Government. Currently, the FDIC limits the insured amount (including principal and interest) for all deposits held in the same capacity to $250,000 (Including principal and interest) per depositor, per insured depository institution and $250,000 for certain retirement accounts. The FDIC has permanently increased insurance coverage to $250,000 for deposits held in all ownership categories, including single accounts, joint accounts and trust accounts. Therefore, excess holdings may not be insured. IRAs and certain other retirement accounts will maintain the $250,000 insurance coverage.
² Funds may not be withdrawn until the maturity date or redemption date. However, the brokered CDs are negotiable, which means that, although not obligated to do so, Raymond James and other broker/dealers presently maintain an active secondary market at current interest rates. Market value will fluctuate and, if the CD is cashed out prior to maturity, the proceeds may be more or less than the original purchase price. Holding CDs until term assures the holder of par value redemption. CDs are redeemable at par upon the death of the beneficial holder. FDIC insurance does not protect against market losses due to selling CDs in the secondary market prior to maturity.
For a detailed overview of these and other risks, refer to the Certificate of Deposit Disclosure Statement at raymondjames.com/liquid.htm. Additional information is also available on the SEC Certificates of Deposit: Tips for Investors website at sec.gov/answers/cds.htm.
Securities and investment advisors services are:
Not a bank or credit union deposit, obligation or guarantee. | May lose value. | Not FDIC or NCUA/NCUSIF Insured. | Not insured by any federal government agency. |
Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. OnPoint Community Credit Union and OnPoint Investment Services are not registered broker/dealers or registered investment advisers, and are independent of Raymond James Financial Services, Inc. and Raymond James Financial Services Advisors, Inc.
Please visit https://www.raymondjames.com/legal-disclosures/social-media-disclaimer-icd for Additional Risk and Disclosure Information. Raymond James does not accept private client orders or account instructions by email. This email: (a) is not an official transaction confirmation or account statement; (b) is not an offer, solicitation, or recommendation to transact in any security; (c) is intended only for the addressee; and (d) may not be retransmitted to, or used by, any other party. This email may contain confidential or privileged information; please delete immediately if you are not the intended recipient. Raymond James monitors emails and may be required by law or regulation to disclose emails to third parties.
