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Selling Broker CDs
Old 05-09-2010, 07:04 AM   #1
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Selling Broker CDs

Anyone ever sell a broker CD on the secondary market? Trying to get a feel for the "spread" if you sold soon after you bought, interest rates were the same, on a short-term (6 mo) CD.

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Old 05-09-2010, 11:18 AM   #2
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What you should do is offer the CD on the secondary market and see what offers come in. If rates are down from when you bought, you will get a good price; if rates are higher, not so much. Also be sure and check the fees for selling as they will eat into whatever price you can get. Good luck though with a 6 mo CD, you will be lucky just to get your money back because the secondary market for CD's is much smaller than for regular CD's...
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