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?

  • 1
    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

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":


  • 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

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!

  • 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

Nationwide Bank allows this as well.

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