Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I Think I Can Get Better Rates From Another Source. How Can SimpliCD Beat Those Rates?

April 26, 2017beat rates simplicd source think

0

Posted

I Think I Can Get Better Rates From Another Source. How Can SimpliCD Beat Those Rates?

1 Answer

0

Posted

Published rates are not always equal to the rate of return you actually receive on your investments. Many times, brokers may offer what appear to be highly competitive rates, but, there are hidden costs. Hidden costs include broker fees, wire in and out fees, and time alloted to collecting checks, filling out paperwork, and tracking the investments reduce the rate before they reach your bottom line. With SimpliCD, the rate you are quoted is the rate you get with no hidden costs or fees. In addition, by participating in the program, you receive top quality investment services and a variety of statements that ease your monthly accounting as well as your compliance with NCUA Part 703 reporting requirements.