Invest WITH SAFETY FIRST

What is a CD Broker?

Under the Federal Deposit Insurance Act 12   USC 1831 f(g) a deposit broker is defined as any person or entity engaged in the business of placing deposits or facilitating the placement of deposits of third party with the FDIC-insured depositary institutions. (Federal Deposit Insurance Corporation) 

1.How secure is a bank CD through Retirewell Financial

The security of a bank CD purchased thru Retirewell Financial is the same as a CD purchased directly because your CD is "directly"  issued with the bank

2. To Whom do I make the checks payable to?

Since Retirewell Financial is not a bank. You never make your checks out to us. Instead, you make the checks payable to the financial institution you select

3.WHAT WILL I RECEIVE AS PROOF OF MY DEPOSIT INTO THE BANK?

YOU WILL RECEIVE A COPY OF YOUR CD APPLICATION,  AND WITHIN 15 BUSINESS DAYS YOU WILL RECEIVE YOUR ACCOUNT

PAPERS DIRECTLY FROM THE BANK, AND AT MATURITY YOU WILL RECEIVE YOUR PRINCIPLE AND INTEREST 

IF THERE IS AN INCENTIVE BONUS YOU WILL THEN RECEIVE THAT BONUS FROM RETIREWELL FINANCIAL.

4. CAN A BANK CD THROUGH RETIREWELL FINANCIAL BE OPENED THROUGH THE MAIL?

NO, IT MUST BE OPENED IN PERSON, AND SIGNATURES OF ACCOUNT HOLDERS WITH VALID IDENTIFICATION MUST BE DONE IN THE PRESENCE OF AN ACCOUNT REPRESENTATIVE AND PROVIDED TO THE BANK.

5. WHO ARE THE BANKS RETIREWELL FINACIAL WORKS WITH?

THERE ARE OVER 2,000 FEDERALLY INSURED BANKS .RETIREWELL FINANCIAL  WILL WORK WITH ONLY THE TOP-TIER BANKS.  THAT ARE WILLING TO ACCEPT DEPOSITS AND PAY ABOVE-AVERAGE YIELDS

IS RETIREWELL FINANCIAL  FDIC INSURED?

NO, RETIREWELL FINANCIAL  IS NOT A BANK. SINCE THE DEPOSIT WILL BE MADE INTO A FEDERALLY INSURED BANK RATHER THEN RETIREWELL FINANCIAL, IT'S NOT REQUIRED OR NECESSARY THAT RETIREWELL FINANCIAL ALSO HAVE FDIC INSURANCE. YOUR CD IS IN A FDIC INSURED  BANK 

DO YOU  USE CREDIT UNIONS ALSO?

YES , WE HAVE, AND DO USE CREDIT UNIONS IF WE CAN GET A HIGHER YIELD THEN THE BANK.

CREDIT UNIONS ARE FULLY INSURED ALSO THRU THE NCUA

NATIONAL CREDIT UNION ASSOCIATION, AND THE LIMITS ARE THE SAME AS A BANK DEPOSITS UP TO    $250,000 PER DEPOSIT

• ADVANTAGES OF A BROKERED CD

IN MOST CASES A BROKERED BANK CD WILL COME WITH A BONUS INCENTIVE TO OBTAIN A HIGHER YIELD 

THIS WILL HELP GET YOU MORE INTEREST THEN THE BANK PAY DIRECTLY.

THAT'S RIGHT 

WHEN YOU ARE LOOKING TO INVEST IN A

 FDIC INSURED CD 

CALL Retirewell Financial, YOUR LOCAL CD BROKER. ALL OF THE BANKS WE USE ARE FDIC INSURED AND THE CD'S AS WELL.

CONTACT ONE OF OUR ACCOUNT REPRESENTATIVES AT ONE OF OUR CONVENIENT LOCATIONS NEAR  YOU FOR HIGHER YIELDS ON YOUR FDIC-INSURED DEPOSITS.