Certificates of Deposit (CDs)
Earn Interest With Certificates of Deposit (CDs)
Certificates of deposit (CDs) are investments that let you earn a fixed rate of interest for a specified period of time, usually between three months and 10 years. The principal and accrued interest of certificates of deposit are insured by the Federal Deposit Insurance Corp. for as much as $100,000 per issuing institution. That insurance can give you the confidence of knowing that when you're investing in a certificate of deposit, your investment is secure.
We offer a wide range of certificates of deposit (CDs)
When to consider certificates of deposit (CDs)
Investing in certificates of deposit (CDs) through Wachovia Securities
We Offer a Wide Range of Certificates of Deposit (CDs)
We offer a wide selection of callable and noncallable certificates of deposit (CDs) issued by banks and thrifts nationwide. This allows us to offer competitive rates from a range of banks and may help you maximize FDIC coverage.Wachovia Securities offers a broad range of CDs with a variety of features, terms and risks. You should carefully consider your investment goals and the risks associated with a specific CD before investing. A Financial Advisor can help you determine which structures are suitable for your portfolio.
When to Consider Certificates of Deposit
If you're a conservative investor who intends to hold your investment to maturity, then you may want to consider investing in a certificate of deposit (CD). For a minimum investment, typically $1,000, you can purchase traditional certificates of deposit (CDs) through brokerage firms, such as Wachovia Securities, banks and other savings institutions.Although most investors intend to hold their certificates of deposit (CDs) until maturity, you may be able to sell a brokered CD before maturity in the secondary market. As with other fixed-income investments, the market value of a certificate of deposit (CD) will vary depending on current interest rates, the length of the CD's maturity and other special features of the CD. In general, when interest rates rise, the value of a certificate of deposit will decrease, and vice versa.
Keep in mind: If you sell your certificate of deposit (CD) before it matures, you may receive less than its original cost.
Investing in Certificates of Deposit (CDs) Through Wachovia Securities
A Wachovia Securities Financial Advisor can help you determine whether a certificate of deposit (CD) is an appropriate investment for you and provide you with the most current CD interest rate information. In addition, our Financial Advisors have access to a wide range of certificates of deposit (CDs) with a variety of interest rates and maturities and can help you select a certificate of deposit that makes sense for you.In addition, at your request, your Financial Advisor will contact you when your CD is about to mature. He or she will then discuss appropriate reinvestment alternatives for your money if you don't need it for other purposes.
Note: Wachovia Securities does not automatically reinvest the money from your maturing CD without discussing with you whether it's the right choice for your current needs.