http://thefinancebuff.com/brokered-cd-and-bank-failures.html like a friend telling you about money ... Fri, 10 Feb 2012 17:31:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://thefinancebuff.com/brokered-cd-and-bank-failures.html#comment-3946 Dan Thu, 06 May 2010 14:44:55 +0000 http://thefinancebuff.com/2010/05/brokered-cd-from-a-failed-bank.html#comment-3946 For those of us that have 72t accounts that need to generate income and aren't allowed to contribute nor withdraw funds because of SEPP requirements, brokered CDs are GREAT!! Broadway Bank was just closed by the banking regulators, and I received the funds in my Schwab Bank and purchased another the same day @ 4.3% (Bank of Oklahoma) to replace it. I don't know how I would have found the new CD without going thru my broker. For those of us that have 72t accounts that need to generate income and aren’t allowed to contribute nor withdraw funds because of SEPP requirements, brokered CDs are GREAT!! Broadway Bank was just closed by the banking regulators, and I received the funds in my Schwab Bank and purchased another the same day @ 4.3% (Bank of Oklahoma) to replace it. I don’t know how I would have found the new CD without going thru my broker.

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