INVESTING IN CDs THROUGH SIMPLICD

SimpliCD is an established certificate of deposit program that has been in existence for over 10 years. SimpliCD helps credit unions invest funds in federally insured CDs. SimpliCD streamlines the investment process for credit unions yet is a complete investment system that combines the safety of CD investing with the performance of the most competitive interest rates available.

How Does It Work?

• Each day, SimpliCD searches its nationwide network of issuers for the best rates on federally insured jumbo CDs.
• You'll be shown rates for CDs in terms ranging from six months to five years, and in amounts ranging from $99,000 to $20 million.
• Placements are made by purchasing multiple CDs up to the standard maximum deposit insurance amount at separately insured issuers. A detailed tracking system assures that no more than the insured deposit amount is placed in any single financial institution within the SimpliCD program.
• SimpliCD purchases the CDs in a custodial capacity on your behalf, passing all federal insurance benefits through to you. You remain the legal owner of the CDs.
• SimpliCD tracks, monitors and collects all of your earnings. You'll receive a single consolidated monthly interest payment for all of your SimpliCD investments.
• Finally, in addition to your daily transaction statements, SimpliCD provides you with one monthly statement that details your entire SimpliCD portfolio.