Brook2
Recycles dryer sheets
[UPDATE: Question was answered]
I just saw this message when trying to buy a CD on Fidelity:
For the purposes of FDIC insurance coverage limits, all depository assets of the account holder at the institution issuing the CD will generally be counted toward the aggregate limit (usually $250,000) for each applicable category of account. In some cases, CDs may be purchased on the secondary market at a price that reflects a premium to their principal value. This premium is ineligible for FDIC insurance.
I'm new to buying CD's and this is new information to me, that secondary market CDs aren't FDIC insured.
I just saw this message when trying to buy a CD on Fidelity:
For the purposes of FDIC insurance coverage limits, all depository assets of the account holder at the institution issuing the CD will generally be counted toward the aggregate limit (usually $250,000) for each applicable category of account. In some cases, CDs may be purchased on the secondary market at a price that reflects a premium to their principal value. This premium is ineligible for FDIC insurance.
I'm new to buying CD's and this is new information to me, that secondary market CDs aren't FDIC insured.
Last edited: