What is a CD Broker?
Under the Federal Deposit Insurance Act 12 U.S.C. 1831f(g) a Deposit Broker is defined as any person or entity engaged in the business of placing deposits or facilitating the placement of Deposits of third parties with FDIC insured depository institutions.  Federal Deposit Insurance Corporation

How Secure is a Bank CD through American First Assurance?
The security of a Bank CD purchased through American First Assurance is the same as a CD purchased directly because your CD is 'directly' with a bank.

Whom do I make the check payable to?
Since American First Assurance is not your Bank you never make your check payable to us. Instead you make your check payable to the financial institution you select.

What Bank does American First Assurance use?
There are over 8,000 FDIC Insured Banks and we work with any of them willing to accept deposits and pay above average yields. 

Is American First Assurance FDIC Insured?
No. American First Assurance is not a bank. Since the deposit will be made into a federally insured bank rather than American First Assurance, it is not required for American First Assurance to have FDIC insurance. However all the banks we use are FDIC insured.

Where do I go for service after I purchase the bank CD through American First Assurance? You may contact the financial institution directly for service or contact our office for assistance.

Are the banks out of the area? 
American First Assurance works with banks in the area and out of the area. In almost all cases, American First Assurance will present to you 2-3 banking institutions for you to choose from and all are Federally insured up to the insurance limits set forth by the FDIC.

What happens when my CD matures?
When your CD matures you will have a grace period to decide whether you want to renew the CD at the current rate or close your CD for principal and earned interest.

What is my proof of deposit in my Bank CD?
The day you purchase your CD, American First Assurance will give you a receipt and confirmation from the FDIC Insured bank along with disclosures. All of your CD correspondance comes directly from the bank to you. Statements, interest reporting and maturity notices are mailed to you directly from the bank you purchased your CD with.

How do I open a Bank CD through American First Assurance?
It's simple! The same way you would a CD at any bank. We need the bank required information along with two forms of indentification. You may use a personal check, bank check or cashiers check.  We cannot open your CD through the mail.