Mom recently inherited a chunk of change from grandpa. She received almost 200k from an annuity that he set up for her. The annuity was through Edward Jones and they have the money in a money market account there. They keep trying to convince her to keep it there and lock it up in a CD for about 4.3% interest over 1 or two years. She has been hesitant to make a move as we just really aren't sure if its the right move. They are also keeping about 800k in another account for grandma to pay for her care home. So they basically have all of grandpas money locked up at the moment and are trying to get mom to lock hers up too.

We have a meeting with them tomorrow, I'm going in with mom to keep eyes and ears and help her understand what they are doing or what they are trying to sell. I am a little uncomfortable about the CD because the way they are trying to sell it feels ick. "You NEED to buy the CD because otherwise your money isn't safe at the bank!" "There's no better option than buying a CD!" "WE are who should take care of your money for you" "The market is BAD and this is SAFE" it just feels like a car salesman doing his pitch to old people who don't know any better.

I want to make sure mom isn't getting screwed with it. moms own savings account at another bank earns 3.7 just in a money market and nobody is trying to sell her anything. She likes the freedom without having to worry about penalties if she wants to buy a home soon.

Do you guys have any advice about CDs or what kind of options we should look out for? THANKS.