Brokered CDs are FDIC insured up to applicable limits. Redeeming CDs prior to maturity may result in loss of principal due to fluctuations in the interest rate, lack of liquidity, or transaction costs. CDs sold prior to maturity may be worth less or more than the original purchase. If a CD has a call feature, the CD may be callable at the sole discretion of the issuing depository institution and if called, you will be subject to reinvestment risk. Purchasers of step-rate long-term CDs may have a rate that may be below or above prevailing market rates, are subject to secondary market risk and may include a call provision by the issuing depository institution that would likewise subject you to reinvestment risk. The initial rate you receive is not the yield to maturity. Although not obligated, the firm currently makes a market in secondary CDs.
Other securities sold, offered or recommended by Scott & Stringfellow, LLC or Bergen Capital are not a deposit, not FDIC insured, not bank guaranteed, not insured by any federal government agency and may go down in value.