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
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