CD Discussion Thread

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Post on CDs in bank failures cross linked to the bank failures thread. There can be headaches and lost interest.

Bank Runs, SIVB blow up, etc thread

Comment from someone on the old days of the S&Ls when your CDs got taken over by the new bank after a failure. —- Seeing I was a deposit broker in the S&L days and placed deposits in thousands of banks I buy ‘most’ insured CDS without thought. Last week Saw CDs from Signature Bank at 6% for six months. I did NOT buy them! But they were under par (.99) I figured if they go non interest bearing for stretch they diff between 99 and 100 was equivalent to 80 days of interest. In general even inbo…