High Yield CD's

Certificates of Deposit are issued by banks, thrift institutions, insurance companies, and credit unions. Certificates of Deposit bear a maturity date, a specified fixed interest rate, and can be issued in any denomination. The term of a Certificate of Deposit generally ranges from one month to five years. High-Yield CDs are certificates of deposit that pay higher interest rates than CDs issued by larger financial institutions. High-Yield CDs may either be insured by the FDIC or not. High-Yield CD's that are FDIC insured are usually issued by banks that are looking to increase their deposit levels. They will usually offer an above average rate of return for a limited time on CD's. Once they've received enough money in at the higher rate, they will shut down the offering. Your APS Financial team is quick to spot these limited opportunities and we can secure these higher rates for our customers. CD's that carry no FDIC insurance tend to have higher yields based on increased risk and less security. However these CD's are usually backed by the issuers assets which are usually in the billions. Security is determined by the financial strength of the underlying issuer.

If you are forced to sell an FDIC insured CD before maturity there exists the risk of loss of principal. Due to interest rate changes your CD may be worth either more or less than what you paid for it, similar to a bond. Some CD's are callable before maturity at par.

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