Re: Synchrony Bank 5.65% 14 Month CD
Thanks Rip...didn't realize that a financial company like JPM issued two types of CD's ...bank issued and corporate issued. My experience with buying a CD directly from a branch bank versus buying the same from a broker is that the bank pays 5 to 10% less interest and they force me to "stop in" to redeem (once matured) or else they'll roll it over at whatever rate they want. (too much hassle) Maybe that negative premium is due to them being non-callable??? Don't know. Also, new issue CD's of local/regional banks are often not available from my broker due to SKY restrictions ...to keep the local banks from having to compete with brokers.