• Pay good interest.
• FDIC insured.
• Unlike a bond fund, certain to receive principal back on maturity.
• Unlike an individual bond, no transaction fees.
• Unlike any individual non-Treasury bond, no risk of default.
But still doesn't answer: "Why would anyone be so concerned that CD's don't have to be revalued daily?"
Banks are raising early withdrawal penalties - 60, 90 to 180 days of interest lost. I'm not buying that CD's are a great investment for a bank ... but they are good for setting up a sale of the bank because they are rock solid assets ... easily verified and valued!