fdr
updated information about chase 7 months CD
1682
19
2007-09-14 12:19:00
I've never heard of that you get charged by closing the CD at the maturity date. No, it won't hurt your credit score. Maybe they are referring to maintaining a linked checking account?
What I can suggest is to withdraw all money on that date. Call them 1 day in advance.
If you walk into a local branch to close your CD, you can ask for a bank check, or cashier's check, including all your accrued interest.
Then you just walk away and deposit into your other account.
妈呀，你潜伏着呢
是啊是啊, hiahia
给楼主一个alternative:
Countrywide的12-month, 5.65% APY CD, $10000 minimum:
https://bank.countrywide.com/landing/cd3.aspx?src=HLCDA001D002
| Best For | Individuals who want high rates with a guaranteed return and do not need regular access to their money |
| Benefits | |
| Interest Rate | |
| Terms | Wide range of terms from 3 to 84 months. To see all terms click here. |
| Minimum Balance | Minimum deposit to open an account is $10,000 |
| Service Fees | There are no service fees for this account. A penalty is imposed for early withdrawal. Please refer to the Application Disclosure Handbook for details. |
| Maturity Months | Opening Balance | ||
| $10,000 - $97,999 | $98,000 - $249,999 | $250,000 + | |
| Annual Percentage Yields (APY)* | Annual Percentage Yields (APY)* | Annual Percentage Yields (APY)* | |
| 3 Month | 5.50% | 5.50% | 5.50% |
| 6 Month | 5.55% | 5.55% | 5.55% |
| 9 Month | 5.50% | 5.50% | 5.50% |
| 12 Month | 5.65% | 5.65% | 5.75% |
| 18 Month | 4.60% | 4.60% | 4.60% |
| 24 Month | 4.60% | 4.60% | 4.60% |
| 30 Month | 4.60% | 4.60% | 4.60% |
| 36 Month | 4.60% | 4.60% | 4.60% |
| 48 Month | 4.60% | 4.60% | 4.60% |
| 60 Month | 4.60% | 4.60% | 4.60% |
| 84 Month | 4.60% | 4.60% | 4.60% |
不是传说Countrywide要倒了，是不是真的啊
CD是没事的, 因为有FDIC保障, 10万元一下的全不用担心.
说到这个, 我觉得作为最大的一家mortgage underwriter, 它是不可能倒闭的. 只要这个行业还能存在, 存活下来度过难关的永远都是行业里的龙头企业. 如果它的stock跌到15, 自然会有大的买家来bail out, 可能是大的commercial bank, 可能是buyout firm, 可能是境外游资, 说不定就是来自远东呢.
Thanks for the response. There is one point that I did not make it clear: I do not have a account in Chase. To do this CD, they said I have to open at least a checking account. Before I take the CD out, any amount money is ok in this checking account, but when I take out the CD after 7 months, I have to maintain $1500 in the checking account, otherwise they will charge me a $6/m service fee. So I am just asking if I can close this checking account with no harm.
fdr: Thank you for the alternative, but 12 month CD is a little bit long for me.
It sounds no good. Is there any local citibank branch in your area? - but they'll require a checking acct too.
I'd still recommend Countrywide. 6-month internet CD is 5.55% APY.
https://bank.countrywide.com/accountprocess/AccountStep1.aspx
I didn't see anywhere they mentioned "a linked checking acct is required", so I assume it is good.
Based on you guys recommendations, I may consider the ING or countrywide. But I never heard those two banks. That would not be a problem , right?
These two are big brandnames. Absolutely.
They are FDIC insured. If your CD is under 100K, no need to worry about anything.
Put in this way, if these 2 banks have big trouble, then a lot of other worse things would happen too. We have serious economy meltdown.
到底了
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