5

Most banks allow you to transfer money into a Certificate of Deposit (CD) using their website. However, once you open a CD you usually have to call to close or otherwise modify the CD account when it matures. I hate that.

Are there any banks that allow you to close and transfer money from a CD account using just their website?

(It would be nice if said bank also had decent CD and Savings rates).

Edit: I found this link http://www.bankfox.com/blog/2009/07/29/banks-make-closing-cds-difficult/

It says Ally bank and ING Direct allow you to close CD's online. Can anyone confirm this?

Improve this question
2
  • 2
    hahah. +1 for "I hate that". Talking to people is so annoying ;) – Michael Pryor Mar 3 '11 at 16:43
  • 2
    Yep, I've opened and closed ING CD's completely online before. Very easy. They also have savings and checking products too. – trip0d199 Mar 4 '11 at 13:32
4

It's been a while, but I'm pretty sure I opened and closed a CD with ING completely online a few years back.

Here's a question in their FAQ that refers to having the proceeds deposited into your "linked account":

http://helpcenter.ingdirect.com/ingd/Topic.aspx?category=C3BNKOCDUS#FBNKOCDU03

Improve this answer
1
  • I had an ING account, then moved to HSBC for better rates. Now ING has better rates. Transferring it all over to ING now. – Chris Weber Mar 7 '11 at 15:56
1

HSBC online allows this. Of course their CD offerings today are actually lower than the savings account yield, so I'm not sure why you would want to!

Improve this answer
2
  • I have an HSBC account now. How do I close CD's (when they mature) online? Do I send a message? I tried last time when my CD's matured, but didn't see any obvious way to do it. – Chris Weber Mar 7 '11 at 15:55
  • You do an account transfer from the CD to your savings or checking account. Be careful though -- it will allow you to transfer from CDs that aren't mature yet! – duffbeer703 Mar 7 '11 at 19:38
0

Nationwide Bank allows this as well.

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.