SG teams up with Wells Fargo for certificates of deposit
Société Générale (SG) has wrapped its proprietary strategy, Wise, into a certificate of deposit (CD) issued by Wells Fargo. SG will now roll out CDs on a monthly basis, beginning with the same product again in September.
"CDs are definitely what people are still looking for," says Alexandre Ecot, director for Global Market Solutions at SG in New York. "Adding the innovation of indexes like SGI Wise to the safety of an FDIC-insured CD certainly makes the product more appealing."
CDs began to grow
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