Features of Certificates of Deposit

• Income from interest and repayment of principal is generally regarded with a high degree of safety. Just like CDs purchased directly through a depository institution, brokered CDs are FDIC insured up to $100,000 (principal and interest).
• If circumstances change, Legg Mason maintains a secondary market in all CDs that it has offered. You are not locked in until the CD matures. CDs can have maturities from 3 months up to 20 years.
• The cost of investing in CDs through Legg Mason requires a minimum investment of only $1,000. Market Index CDs generally have deposit amounts as low as $1,000
• For Market CDs, income from interest and repayment of principal is generally regarded with a high degree of safety because, like traditional CDs, they are FDIC insured up to $100,000 (principal and interest). However, no interest is earned or credited on the CDs for any purpose, including FDIC Insurance, until the maturity date (or call date).
• You receive either monthly or semi-annual payment coupons.
• With Market CDs, you receive payment of principal and interest at maturity.