No. of Recommendations: 1
The math looks close to right for a 2% yield on the Lehman Bros CD, I think I got a little higher than 2%, but I did the math in my head.

But I see 2.6, 2.7 yields on bank rate for terms that are 3 months shorter.

It seems the broker is selling your FIL a previously issued CD. So I wonder if he's doing more of a favor for the seller than the buyer?

Take it with a grain of salt, because I just don't trust large full service brokers
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.