Investments

Certificates of Deposit (CDs)

CDs are usually a very safe investment tool used by conservative investors.   A CD locks your money in at a set interest rate for a certain period of time. The interest rate is usually higher than a normal savings account or a money market account; this is because you do not have access to the money for the length of the CD. Although it is still possible to withdraw the money, this action will often incur a penalty.  The FDIC will insure 100% of the principal and accrued interest on CDs issued by member banks up to the allowable limit. The FDIC currently offers deposit insurance coverage of up to $250,000 for all depositors. The FDIC insurance coverage limit applies to the depositor, per insured depository institution, for each account ownership category.

We offer CDs issued from over 20 different banks worldwide including Goldman Sachs, Ally Bank, Discover, Amex Centurion, and many more. Sgroi Financial can help you find the appropriate CD for your investment portfolio.


Discuss your investment needs with us today.

Call us at 716-674-6700 or send us an email