Brokered Certificates of Deposit
Flexible and Cost-Effective Funding for Your Financial Institution
Are you looking for supplemental funding options to combat deposit outflow? PCBB has partnered with a nationwide broker-dealer to facilitate issuance of brokered Certificates of Deposit — a flexible, reliable and cost-effective solution to help you increase liquidity.
Or are you looking to invest excess cash? Our partner provides access to insured, high-yielding CDs for your securities portfolio.
Through our partner, your institution can issue or buy certificates of deposit with maturity options ranging from 1 month to 30Ys or more.
Key Benefits:
- FDIC insured
- Flexible settlement dates
- No collateral requirements or extensive distribution channels
- Competitive, guaranteed CD rates
How Brokered CDs Work
You choose the maturity and structure (i.e., fixed coupon bullet, fixed coupon callable, or step up)
You execute terms agreement with our broker and enter the offering period
Our broker handles execution and wires funds to your institution on the settlement date
Perks of Working with Our CD Broker
Our partner has been in business over 30Ys. They have a strong capital position and have executed over $1T in trades with high-quality accounts. In addition, they are the most established, minority-owned broker-dealer in California.
Why Customers Continue to Work with Our Partner
They always have a good feel for the market and do whatever it takes to secure funding at the lowest cost for my institution. They are genuine, honest, and very responsive. And, their willingness to go the extra mile on my behalf is what makes this partner my go to source for brokered funding.