Bank CD Rates

When you look at TD Ameritrade, CD rates are competitive with other financial establishments. When it comes to the purchasing and trading of CD’s, Ameritrade will quote you a price that includes all the markup and markdown fees that are included with the CD purchase. Unlike bank CD rates, TD Ameritrade is a place where the CD’s are just one of many types of investments can be purchased. Not only that but the actual CD purchased through TD Ameritrade are in reality brokered CD’s. These can be openly traded on the market.

Most of these brokered CD’s are purchased as large valued CD’s and broken up by the Broker and resold. This is how they make a profit off of them and can give a higher rate of return than standard bank CD rates. At the present time at the end of august 2009, the best return on a TD Ameritrade CD rates is with a 51 month callable CD from Brember Bank at 3.00%. The principal on this CD is $1,000.

TD Ameritrade also has a 30 month CD from Firstbank. This CD rate is at 2.00% with a principal of $1,000 and is a non-callable type CD.

The best CD rate for a CD with a maturity of 1 year or less is from Ally Bank, the formally GMAC Bank. They have a 1 year CD with a rate at 0.900% and a principal of $1,000. This is a non-callable CD.

There are many more CD’s from many different financial institutions that TD Ameritrade has purchased. They break them up and sell them to you for a profit. Remember the CD rate you receive here will not be the same from the issuing bank because of the process in which these CD’s were acquired. This gives the TD Ameritrade CD rates the edge on pricing.