How do I send my funds to the issuing bank for purchase of a CD?
Upon execution of your transaction, RateService will email you an order confirmation detailing the terms of your transaction. Included on this confirmation will be the name and address of the purchased banking institution, any custodian, and the wiring instructions for purchase. At no time does RateService handle any of your funds. All funds are wired either directly to the institution or to the custodian depending upon the transaction. It is also possible to mail a check to the institution or custodian. However, the trade will not be deemed settled until the check clears.