Certificates of Deposit
The Industry’s Best CD Yields
Ascend Financial provides access to hundreds of financial institutions to offer you the highest returns. Our safe-money strategies enable clients/retirees to preserve capital and assure that all funds are insured or guaranteed.
6.25% 6-months
*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).
How secure is a CD purchased through Ascend Financial?
It is the same FDIC insured CD product you would purchase through any bank with term options and various returns offered. The account is in your name.
Is the CD purchased FDIC insured?
Yes. We only work with banks offering fully insured FDIC certificates of deposit of up to $250,000 per-financial institution.
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. The account is in your name.
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 and bonus with the minimum deposit. Minimum required to open account is $15,000. Certain restrictions may apply. CD is FDIC insured to $250,000 per-institution. Checks are made payable to the financial institution chosen. CD is in the name of the individual.
Let’s get your questions answered
We schedule appointments Monday through Friday from 9:00 am to 5:00 pm to meet with a new account executive. The meeting gives us a chance to establish rapport, review your needs and CD options, and determine the best course for your particular situation.