SimpliCD

What is SimpliCD?

SimpliCD (pronounced "simplicity") is a certificate of deposit (CD) program that enables REALTORS® FCU's business account holders to easily manage certificate investments while maximizing federally insured deposit coverage. SimpliCD has been in existence since 1996 and this turnkey program combines the safety of CD investing with the advantages of competitive rates and consolidated reporting. Investing in CDs has never been easier!

Benefits

Eliminate the hassle and time involved in researching potential issuers and purchasing CDs yourself. When you start investing through SimpliCD, you free up valuable time to focus on other business matters. REALTORS® FCU's SimpliCD investors can enjoy:

• No more phone calls to multiple issuers to check rates
• No more multiple wire transfers to invest in multiple CDs
• Competitive rates from a nationwide pool of issuers on a wide variety of maturities
• Quoted rates that don’t include additional co-agent fees or transaction fees
• Flexible terms (including any term over 30 days including any odd maturity date that falls on a business day) and amounts that fit into your investment strategy
• Transaction confirmation and free issuer performance review complete with third party ratings provided at the time of purchase to help you make more informed investment decisions
• Convenient CD portfolio management and the control to limit investments to issuers that meet your investment requirements –financially, geographically or otherwise
• One consolidated monthly interest payment and statement for your entire CD portfolio for easier accounting and record-keeping
• The security of investing only with federally insured issuers with the government insured investment option

Getting Started is Simple

Just contact our Business Services Department at 301.355.7575. Once you establish a business membership account with REALTORS® FCU and open a money market savings account or certificate investment with at least $250,000, you'll be eligible to take advantage of managing additional certificate investments through SimpliCD. Our Business Services representatives will refer you to a SimpliCD Account Manager who will obtain a signed custodial agreement and an account resolution from you. After that, just review the daily rates to help make trade decisions with your SimpliCD Account Manager and let SimpliCD do the work for you.