Safe. FTN Financial offers the latest state-of-the-art technology for trading and investing in jumbo certificates of deposit (CDs). These instruments are eligible for full insurance by the Federal Deposit Insurance Corporation (FDIC) covering both principal and interest. Our CD Exchange Program uses brokered CDs from banks across the country to make $1M Jumbo CD blocks that are FDIC Insurable up to $250,000 and have yields that may exceed what is currently available through other investment opportunities.
At FTN Financial, we know the saying goes that "there is safety in numbers," and when it comes to our CD program, you can rely on that philosophy. Through our CD Exchange Program, we hold individual CDs in book form so each transaction is done with one wire transfer instead of multiple individual purchases to equal $1M.These CDs are priced so that you receive Par at maturity.
Simple. In an environment that seems to be filled with complex transactions, it’s nice to rely on simple alternatives. Our discounted CDs are calculated and sold on a simple interest basis of actual days elapsed over a 365-day year. With just one wire transfer, you can instantly diversify your portfolio. It’s just one piece of your entire investment portfolio, but it’s a solid piece.
Smart. If you are looking for a secure investment alternative, the FTN CD Exchange Program is one smart decision. These CDs are full faith and credit — guaranteed by the U.S. government. Because our CD Program is fully insured by the FDIC, you can feel certain you’re making a wise investment choice for your portfolio.
All CDs offered are quoted on a standard basis for easy comparison. The yield and price quoted is net to the investor.