Priced_Out_IT_Guy_IHB
New member
It turns out that ING has a 10-day window to move the money from your CD at maturity, otherwise they roll your CD into a new CD and if you want your money you are forced to pay a penalty of 3 months interest at which ever rate they opt to give you.
Unfortunately I was a little over two weeks past this deadline and ING just charged me $300 to get hold of my cash.
Oh and here's the kicker--even though they have my email on file I wasn't alerted that my CD had matured and I have only 10 days to move it or lose it.
I called ING and they said sorry, there's nothing you can do and I am SOL.
I hope by telling this bit I can prevent other savers from getting screwed!
Unfortunately I was a little over two weeks past this deadline and ING just charged me $300 to get hold of my cash.
Oh and here's the kicker--even though they have my email on file I wasn't alerted that my CD had matured and I have only 10 days to move it or lose it.
I called ING and they said sorry, there's nothing you can do and I am SOL.
I hope by telling this bit I can prevent other savers from getting screwed!