Zions Direct Internet CD Auction

These online auctions allow a correspondent bank to efficiently auction their CDs to a national retail customer base. With Zions Direct Internet CD Auction, Zions Direct sets the rates for each maturity and your bank selects the auction limit and the optional all-in rates. Your bank issues one CD per maturity and has a minimum issuance of $200,000 per maturity.

Disclaimer: (Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions First National Bank. Investment Products: Not FDIC Insured – No Bank Guarantee – May Lose Value. Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits.)