How are brokered CDs different from traditional bank CDs?
The market value of a brokered CD purchased through your brokerage account will fluctuate and, at times, may show a potential market value of more or less than the price you paid or face value of the CD. However, if you hold a brokered CD to maturity, you'll get back the principal amount plus interest; these price fluctuations only come into play if you sell your CD before maturity.