A Maryland money-management firm has begun aggressively promoting a brokered certificate of deposit that, in an unusual twist, provides up to $300,000 in federal deposit insurance coverage.

The Calvert Group is pitching the product, dubbed the Calvert Insured Plus Account, as "an interest rate play for cautious savers."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.