Selling Broker CDs

kaneohe

Thinks s/he gets paid by the post
Joined
Jan 30, 2006
Messages
4,172
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.
 
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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