Are Brokered CDs FDIC Insured?

Summary of User’s Inquiry and Solutions Discussed:

  • The main problem reported by the user is whether brokered certificates of deposit (CDs) are FDIC insured.
  • Brokered CDs are confirmed to be FDIC insured up to $250,000 per account owner, per issuer.
  • This coverage limit was made permanent in 2010.
  • Users can expand their FDIC protection by purchasing brokered CDs from multiple issuing banks, thus increasing coverage beyond the standard $250,000 limit.
  • A CD 101 guide on Reddit is available for further information on understanding CDs and related terms.
Here’s the full thread
luke
06/24/2023 at 09:42:30 PDT
Are Brokered CDs FDIC Insured?
FidelitySean
06/26/2023 at 08:19:30 PDT
Hi @luke! Happy to help today. Brokered certificates of deposit (CDs) are FDIC insured! CDs FDIC-insured* up to $250,000 (per account owner, per issuer), a coverage limit that was made permanent in 2010. Brokered CDs can be purchased from multiple different issuing banks allowing you to effectively expand your FDIC protection beyond the $250,000 limit in a single account registration type, such as an Individual account or an IRA. 🟢 Check out our CD 101 guide on Reddit here: https://www.reddit.com/user/fidelityinvestments/comments/10xctsg/a_101_guide_on_where_to_find_cds_what_terms_mean/

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