[Boomer]

Today was the first time I have run into Blue Sky when buying brokered CDs.

I looked up what they are but I am still not clear.

The bank was Third Federal and I wanted a 3 month.

Call protected? Check
FDIC? Check

But when I submitted “Buy” Blue Sky popped up for Ohio, TX and FL.

I tend to buy the brokered CDs from banks I have actually seen as bricks and mortar and I have seen Third Federal.

But what happened that I cannot buy a CD from them?

I bought the CD from a different bank after the Blue Sky blocking appeared but I want to know specifically why that happened.

Third Federal has been around for a while and I have never heard of any issues with them.

Boomer