Certificates of Deposit (CDs)
The industry’s best CD yields
Ascend Financial is a CD broker, providing access to thousands of banks nationally to offer you the highest CD returns. All CDs are FDIC insured and can be used as the funding needs for trusts and even IRAs. We can usually offer a higher rate than your personal bank due to our expanded relationships and ability to bring multiple clients to the table, which result in better returns for you.
Call 469-640-2112
6.25% 6-month term
*Restrictions apply.
Third-Party Endorsements
“Brokers are also offering FDIC insured CDs with yields that exceed the average yield on CDs purchased directly from banks.”
“Brokerage firms can offer higher yields, because they negotiate directly with financial institutions who’s CDs they sell, often agreeing to take millions of dollars in certificates.”
FDIC
“Consumers also purchase CDs through brokerage firms. A consumer with significant funds to deposit may use a broker to make deposits at multiple banks, thereby maximizing the consumer’s FDIC insurance coverage. In addition, consumers may be attracted to CDs sold by a broker who has made significant deposits in a bank on behalf of multiple depositors and, therefore, is able to negotiate higher CD interest rates than the individual consumer.”
“Investors still ought to consider brokerage CDs. For one thing, brokerage offered CDs yield 1 to 1.5 percentage points more than CDs from leading banks.”
Frequently Asked Questions
What is a CD Broker?
Under the Federal Deposit Insurance Act 12 U.S.C. 183 If(g), a broker is defined as any person or entity engaged in the business of placing deposits or facilitating the placement of deposits of third parties with FDIC insured depository institutions (banks). Due to the volume of CDs we place, it enables us to generate a higher return from the banks than you are able to as an individual.
How secure is a CD purchased through Ascend Financial?
It is the same FDIC insured CD product you would purchase through any bank. We’re just able to provide options from multiple banks with better rates, due to the volume of our transactions.
Is the CD purchased FDIC insured?
Yes. We only work with banks offering fully insured FDIC certificates of deposit.
To whom do I make the check payable?
Ascend Financial Group is not a bank. You will make your check payable to the financial institution selected during our meeting. We will process your paperwork as required by law, and you will receive copies of all documents and disclosures.
How do I open a CD through Ascend?
The same process you would follow at any bank, by providing required verified identification in the application and a personal check. If the CD is going to be joint ownership, then the checking account must also show joint ownership.
What banks do you work with?
We work with local and national banks. There are more than 5,000 federally insured banks, and we will work with any of the ones that have good products to offer you.
What is the proof of deposit in my CD?
The day purchased, we will provide you a receipt, a copy of your check, the bank application, and all disclosures. We immediately forward required documents and funds to the bank. Within 7-10 days you will receive your CD in the mail from the bank.
Where do I go for service after I purchase the CD through Ascend Financial?
You may contact the financial institution directly for service or contact our office.
How is Ascend Financial able to offer better rates?
First, we shop banks throughout the country. Second, when banks work with brokers, they are not having to open branches and absorb overhead costs. Lastly, we can bring the banks volume, rather than just a single client. All these factors enable banks to offer Ascend better rates.
Are there any commissions or fees?
Don’t worry. The financial institutions pay us, and no fees are charged to your account. The rate we quote you is 100% of your money.
Can the CD be opened through the mail?
No. It must be opened in person and signatures must be witnessed in front of a new account representative.
What happens when my CD matures?
When the CD matures, the bank will offer a 7-10 day grace period to withdraw the funds. If you do nothing, it will automatically renew at the current rate. If you request funds before the maturity date, you may be assessed penalities.
*Ascend Financial is not a bank. Offer consists of a base yeild of 4.40% with a 1.85% bonus with the minimum deposit. Minimum required to open account is $15,000. Certain restrictions apply. CD is FDIC insured to $250,000 per-institution. Checks made payable to the financial institution chose. CD is in the name of the individual.
Let’s get your questions answered
Our offices are located in Allen, Texas. We schedule appointments Monday through Friday from 9:00am to 5:00pm. The meeting gives us a chance to establish rapport, review your needs and CD options, and determine the best course for your particular situation.