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Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.

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Bank of America Increases CD Early Withdrawal Penalties

POSTED ON BY

Bank of America

Bank of America CDs used to have an early withdrawal penalty of between 90 days to 365 days of interest of the amount of principal withdrawn (depending on the term). According to this LA Times article, the penalty has increased:

Now BofA is charging a flat $25 plus 1% of the amount withdrawn for CDs with terms under 12 months and 3% for longer terms.

A BofA spokesman was quoted in the article about the reasons for this change. Here's an interesting one:

Don Vecchiarello, a BofA spokesman, said the new early-withdrawal policy for CDs was intended to simplify things for customers. Many people, he said, had trouble calculating a penalty of 90 days worth of interest from an annual percentage yield.

So if you open a $10K 3-year CD which has a 1.00% APY (according to BofA's website on 5/6/11) and then closed it early, the penalty would be $325. That's more than all of the interest that the CD could earn if left to maturity.

No Change to Existing CDs

One thing not mentioned in the article is how this affects existing CDs. I called Bank of America, and I was told this only affects new CDs or CDs that have matured. That's one small bit of good news. As I reported in March, there have been cases at other institutions in which the changes did affect existing CDs.

When your CD matures at any bank and you're deciding on whether to let it renew, be sure to not only check the new interest rate but also the new terms of the CD, especially the early withdrawal penalty.

Thanks to the reader who emailed me news of this article.


  Tags: Bank of America, CD rates

Related Posts

Comments
90 Comments.
Comment #1 by Anonymous posted on
Anonymous
If the new EWP does not apply to existing CD's, it is curious as to why BOA did not put that into writing along with the other new EWP rules. They obviously want to leave the door open for possible future changes I suppose. The banks are hard to pin down and will not be pinned down. Investor beware.  

3
Comment #2 by lou posted on
lou
Just another reason to take your money from these mega banks if you haven't already done so. Although I will not excuse these banks from hiking fees now that that they have cornered the market, some share of the blame has to be apportioned to this President and his Administration for regulating banks from charging credit card interchange fees and increasing their costs with their overreaching regulations. I wonder if CD's will cease to be a viable investment in the future. If the rest of the industry goes the way of the mega banks, I am afraid this type of investment will no longer be an option for most people.

12
Comment #3 by mrvirgo posted on
mrvirgo
I truly wonder why any one would open a CD with BofA.  As of today, a 120 month CD with them pays 1.21%. By using Ken's website I can find a dozen financial institutions that pay a whole lot more than BofA's paltry 1.21%.  Are there really people that naive out there?

11
Comment #4 by Anonymous posted on
Anonymous
bank america is the worst bank in america.they give the lowest rates and worst svc,go to your credit union or smaller banks.boa is all for its stockholders not for its clients.i cannot understand why anyone would want to bank there just look at their new cd penalty makes me sick how this low life bank operates.

9
Comment #5 by syncomm1 posted on
syncomm1
I had posed the question on banks changing penalties to a rep at FDIC. She weighed in that a bank cannot change the policy that was in effect when the CD was taken out. That was some consolation, I suppose.

2
Comment #6 by Shorebreak posted on
Shorebreak
I couldn't care less what BofA does concerning it's certificate of deposits. They are the worst bank on earth, next to the Bank of Libya. Any one who banks with them ought to really examine their personal financial aptitude.

8
Comment #7 by Anonymous posted on
Anonymous
syncomm1 - Yes, in theory, that is how it SHOULD work, i.e., no changes permitted on existing CD's, but, in actual practice, that is NOT how it works. It has been pointed out here, and elswwhere, that on several occasions the EWP has been changed on existing CD's, and there are probably many more changes yet to come. Accordingly, I do not believe that the word of a FDIC rep, CSR or various pundits would carry much weight when a bank is ready to make changes for their own benefit. Obviously, regulations in this regard are needed to protect the CD investor but, quite frankly, i do not see any of said regulations coming. As a practical matter, there is very little that the CD investor can do except to be very cautious, prepare for the worst and hope for the best....a sad state of affairs.

4
Comment #8 by Anonymous posted on
Anonymous
Ken, if the exemption on the old CDs is not in writing, the customer will be ****ed if they ever close it early.

5
Comment #9 by Anonymous posted on
Anonymous
Which commercial banks have changed EWP on existing CDs?  I'm aware of proposals my a limited number of credition unions, but not commercial banks.

2
Comment #10 by Hoody (anonymous) posted on
Hoody
All the more reason to stay short term with these idiot rates.

I have no problem staying with the term of my CD's, as long as the rate is adequate for what I need.

I'm staying at around a year for now, but if rates ever go back to 4 or 5% for long term CD's that would be fine for me. (5-7 yr) to remain locked in. I'm considering the fact that being on SS and a pension, what I need in this area wit no other bills is achievable for me. I figure I only have so many more years of life left anyway even with good health, nothing goes on forever, which I hope stays like that.

4
Comment #11 by me1004 posted on
me1004
Re the comments about retroactivity (which BoA apparently is not doing here), the FDIC comments that a bank can't change its policy in place when you opened? Well, you will find these policies or other related disclosures include a vague clause that does allow for changes, apparently including the early withdrawal penalty. I looked at disclosures of several institutions (I have not looked at BoA's), and of those, they all had such a vague clause that would allow for such changes -- maybe hard to find, and often anything but clear. I suspect many, probably most, maybe all institutions have such buried in the fine print. So, the FDIC comment would not apply specifically, since the original policy allowed for such changes -- and this is the danger of such GENERIC comments from someone at the FDIC or other who did not read the disclosures and other related materials. We don't need a lawyer to tell us a contract is binding and can't be unilaterally changed, as any high school kid knows that; we need them to read the contract at hand and consider all the detailed possibilities of that.

The problem is that they are allowed to have such fluid policies and contracts providing for that fluidity -- and disclosures that are anything but clear and specific.

5
Comment #12 by lou posted on
lou
me1004, i hate to say it, but your analysis of early withdrawal penalties becomes less relevant if interest rates remain this low. At some point, I am going to lose all interest in CD's if the rates do not improve.

3
Comment #14 by Anonymous posted on
Anonymous
Their stock may be a good investment.  They should make a lot of money putting the ****s to their customers.

3
Comment #15 by moneysaver posted on
moneysaver
Ditto about BofA being the worst bank in America, at least.... no doubt...

Typical scamming from those guys... NOOOO!!!  We're not increasing your penalty... We're making it SIMPLER for you!!! Simpler as in, you get no interest on your CD and have to pay us back money from principal in addition.

As for institutions that have changed their EWP for existing CDs, I believe the most notable case of that thus far involved Fort Knox Federal Credit Union, which I'm assuming would be under NCUA jurisdiction instead of FDIC jurisdiction.

http://www.depositaccounts.com/blog/2011/03/credit-union-increases-early-withdrawal-penalty-on-existing-cds.html

3
Comment #16 by Anonymous posted on
Anonymous
I work for a law firm here in Florida. There was a case where a customer sued Chase for applying penalty for early withdrawal above and in excess  of the provisions listed when the account was opened.
The Judge dismissed the case when Chase showed a banking paragraph from a regulation where it sated that:
“ If the customer is withdrawing regular monthly interest the original EWP can be applied at the current bank policy in effect”.
My guess is, if you leave your interest in the CD until ready to close the account, you may be grand fathered in on the old or original EWP rules, otherwise the new rules may be applied.

2
Comment #17 by Anonymous posted on
Anonymous
Was the monthly interest withdrawal arrangement set up at the time of first purchase of the CD?

or did the customer subsequently change from accumulating interest to getting monthly interest withdrawals?

In the first case, it would seem that the contract between customer and bank didn't change.

In the second case, one could argue that the contract was revised at the time the customer elected to make the change.

 

2
Comment #18 by Anonymous posted on
Anonymous
To Anonymous - #17,

I think the trigger for the new EWP apply when monthly payments are in effect, since the definition for CD in most case is for the CD to mature before the interest is paid, therefore, receiving monthly payments from month one or instituted later exposes the customer to the amended EWP  in effect when the CD is closed before the contract date expires.
The monthly payments per definition are optional and are customer driven and they technically break the CD and the contract every time a payment is paid to the customer prior to maturity.

1
Comment #19 by Anonymous posted on
Anonymous
Reading the above posts, I came to enlighten my knowledge about the CD and the basic banking laws.
I, also think that CDs  cintract can be broken by either party if the customer receives monthly interest payment or the bank closed the CD for what ever reason. The banks hold the upper hand in this case because the customer is receiving the benefits prior to maturity of the CD and the new penalty can be applied.

The banks are allowed to implement the EWP since the contract becomes a month to month agreement and the banks are not breaking the original contract but the customer is.
I have few CDs myself and did read the definition of a CD in B of A case, it says:
     “......the contract is for 36 month and at the end of 36 months the customer will receive the interest and the principal upon written request to Bank of America no later then 10 calendar days from the said date.......”, further it says “.......Customer may chose optionally to withdraw monthly interest payment....” but does not says mutually agreed upon to monthly withdrawals, which means the customer wish to receive payments is modifying the contract for his/ her own benefits only.
B of A can apply the new EWP to any old CD and at same time comply with FDIC, FTC and the banking laws by just saying the customer broke the original agreement of the definition for CDs, since new interest is calculated each month and there is no longer APY but simple monthly interest of the principal paid out.

1
Comment #20 by lou posted on
lou
I disagree with previous posters who think that existing CD owners are not retroactively protected from any changes in the EWP, merely because the CD owner elects to have the interst paid to them. If the disclosures allow for monthly payment of interest, it should not have any bearing on whether a bank can modify the terms of any part of a CD agreement retroactively.

1
Comment #21 by Anonymous posted on
Anonymous
To lou - #20,

If you think so, please provide proof of your statement.

2
Comment #22 by lou posted on
lou
Hard to provide proof, but it seems illogical to me that a CD agreement which allows for monthly withdrawals of interest would support  the conclusion that if you comply with the agreement you are somehow modifying the agreement and giving permission to the bank to retroactively apply changes to their EWP. Again, I don't see how complying with an agreement is somehow also modifying the agreement. It doesn't make sense to me

1
Comment #23 by cactus (anonymous) posted on
cactus
To the lawyer in Florida who posted #16. Please provide us with a link to the case.Thanks

The key question is whether the customer arranged to get monthly interest payments at the time of purchase - or if the customer later changed the agreement.

1
Comment #24 by moneysaver posted on
moneysaver
Ultimately, this is going to come down to some rulings by the FDIC and/or NCUA, I think... So what got decided in one small case in Florida probably doesn't mean much, especially since, to the best of my knowledge, the written terms on CDs vary from institution to institution.

1
Comment #25 by Anonymous posted on
Anonymous
Once my CD matures, I will NEVER have anything to do with Bank of America.  The early withdrawal penalty is 3% AND 3 months interest on CDs.  Since the interest has dropped down to .35%, the penalty of 3 months interest would be about $100. on a $12,000 CD.  When I asked at a local branch, I was told that my penalty would be over $300! Crooks!  

3
Comment #26 by Anonymous posted on
Anonymous
Bank of America is charging senors a fee and penalty on there mandatory IRA withdrawal if you walk into a branch to do your business.. When your over 70 1/2 you must make yearly mandatory withdrawals from an IRA. If its in a 5 year IRA CD and you take the withdrawal they hit you with an early withdrawal fee and penalty. They get back most of the interest you made. The IRS requires you remove the funds.

2
Comment #27 by Paoli2 posted on
Paoli2
#26  I think you need to check out this Bank/America IRA penalty fees.  Once we reach 59 1/2 years old we can withdraw whatever we need from our IRAs WITHOUT "ANY" penalty!  There is no way they or any bank can charge us a penalty for our mandatory withdrawal once we become 70 1/2.  We have been doing this for years and never had a fee from any bank or institution which held any of our IRA funds.  Even if you don't need the money in a specific year the law states you must figure out the percentage of all your "Required Minimum Distributions" from any and all banks or institutions and pay your taxes on them.

I would just like to see how BOA or any financial institution could get away with trying to charge us a penalty for following the rules of having IRAs.  They have these rules so we can't just store money away for upteen years and not pay taxes on it.   Not all bank managers are aware of the rules of IRAs.  I had to order blooklets for the bank where ours are so the manager could read up on the rules.  Maybe BOA has to have a "learning" class for their managers or I could send them a copy of the booklet put out with all the rules in them.  What a joke!  What is even sadder is if any customer didn't read the rules and actually paid them money they didn't owe.  That is even a bigger joke!

1
Comment #28 by Paoli2 posted on
Paoli2
People we may have another bank problem with our IRAs.  I just spoke to the IRS to see if it was ok for a bank to charge us an EWP for Minimum Distributions and was told that the bank can implement the rules of whatever is on the CD we purchase!  It dawned on me that the reason we have never had to pay a EWP it is because I figure out a year ahead of time approximately what we will owe on all IRAs to withdraw for RMDs and make sure we have enough interest left in the account to withdraw when needed.  I have never had to break a CD so far to get what is needed or I guess they could have hit us with the EWP.  IRS Pub. 590  explains everything about the Required Minimum Distribution and can be read on the internet.  Sooooo I guess BOA can hit their customers with the EWP if they need anything except the interest for the RMD.   It just never ends!

1
Comment #29 by aioli (anonymous) posted on
aioli
excellent info by the way what is the  name of your st bernard

1
Comment #31 by Paoli2 posted on
Paoli2
#29  My St. Bernard's name is "Mucho Fluffy Dinero".

#30   I breed "Mucho Fluffy" and he brings me lotsa Dineros!!  Just kidding!!  Only dinero I have comes from the same place the rest of you gets theirs.  Hard work and even harder saving!  It also may not be as "mucho" as some of you or I wouldn't need my social security so badly!  Just trying to survive in bad times.

1
Comment #30 by so confused (anonymous) posted on
so confused
hay payola  i thought you lived in a dog house where do you get all that dinero from ??

1
Comment #32 by feliz cinco de mayo (anonymous) posted on
feliz cinco de mayo
hay mucho fluffy can you spare some for a bottle pf patron ?

1
Comment #33 by Paoli2 posted on
Paoli2
#32:  You are supposed to be reading these posts to find out how to make more dineros, not getting whatever a bottle of patron is.  Is that your name for Coca Cola?  When are "you" going to tell us where the higher interest rates are?  My state stinks when it comes to finding good rates! 

1
Comment #34 by no pain no gain (anonymous) posted on
no pain no gain
only way to make dinero is via bonds or mutual funds  patron is tequilla  es muy bueno  surely you know this is you are taking MRDS FROM YOUR IRA  CHEERS

1
Comment #35 by Paoli2 posted on
Paoli2
Tequila??? No thank you.  I'll stick to sharing my Fluffy's water bowl!  How are we going to make muchos dineros if we are skunked?  Tried bonds and mutual funds and they are not my cup of tea.  I'll stick with CDs and sharing Fluffy's dogchow.  

1
Comment #36 by doing the math payote good stuff un less you are o (anonymous) posted on
doing the math payote good stuff un less you are o
by collecting ss and mrds on ira plus Pension ?? you must be at least 71 years young surely you have enough for the next 20 years ?? do not waste it on the kids and unappreciative grand  kids we cut them off years ago

1
Comment #37 by Paoli2 posted on
Paoli2
Doing:  Are you planning on going on Jeopardy soon?  You can't figure out someone's age by the way you have done it.  If a "couple" has Iras and one of them is handling everything for the other that person can also be quite younger than the partner.  My mom was 15 years younger than my father or don't you believe in such partnerships?  If you had any idea why "I" spend hours researching finances you would realize it has nothing to do with my age, possible children or grandchildren.  We all have different reasons why we are on Ken's great helpful site but my reasons have nothing to do with what you think.  So please don't waste your precious time trying to give me information on how to handle my life.  I only am interested in any banks or credit unions people on this forum may know of which can give me better CD interest rates for 2012.  Thank you for your consideration but I think I am wise enough to make my own life decisions.  Have a good night and enjoy your Tequila.

 

1
Comment #38 by Anonymous posted on
Anonymous
Well the sad truth is BOA is doing it. My mom is 80 and has her IRA in a 5 year term. The computer progam hits you up with a fee and penalty when you make your withdrawl. They started this last Feburary. The only way around it is to set up an automatic withdrawal that they (BOA)controls. Even with a 1year term theres no way to make it mature before you take out your IRA withdrawal. You lose all your interest to the penalty. My concern is some seniors may not be told theres a penalty or see the fee on the withdrawal form till its to late. Being that you have to remove your mandatory withdrawal its just evil that they would charge you to do so. My question is who pays the tax on the fee and penalty tht BOA gets..is it me? They get like $200 and I pay the tax on it. Help ..people..spread the word about this.

1
Comment #41 by Paoli2 posted on
Paoli2
#38  Your post made me realize why I set up our RMDs the way I have.  Unfortunately, my calls to the IRS yesterday verified that BOA can do what it is doing.  It is up to us to set things up ahead of time for the RMD withdrawals.  The sad part is that someone elderly like your mom really needs someone like you or another person to do this for her so she can avoid the EWP penalties.  If you read the rules of most CDs you should see that the "interest" is ALWAYS available to us without penalties once it has accruded so what I would do (and do, do) is approximately figure out what my balance will be in the IRA  by the end of the year and how much RMD I will owe for that particular IRA and keep the interest in the account to withdraw when I need it for my RMD.

This way BOA or any bank etc. can't penalize a customer for withdrawing the "interest" with an EWP!  If she has several IRAS, she really needs to do this for each one.  There are calculators on the computer which will allow one to put in the total of all their IRAs they need to withdraw RMDs from and calculate how much they need to withdraw for a particular year.  The IRS doesn't care if you withdraw the entire amount for all of them from "one" as long as you can prove it covers "all" RMDs and you pay taxes on it all.  IRS Pub 590 gives you the info you need if you want to verify what I am posting.  She has to include the amount she withdraws for RMD or RMDs on her tax form under "IRA Distributions" as income to her for that year (but you probably know this).

One thing I hope you know is that "if" she has not set up the RMD withdrawal ahead of time in a way I have posted, and BOA or any other bank charges her the EWP, she can use this and put the amount on the line on her IRS form under "Penalty for Early Withdrawal of Savings" and deduct it from her income for that year.  It's sad but the IRS expects us to have the wits to handle all this even tho as we grow older we may not be able to.  This is why we need accountants or family members to take over and help us with these things.  Your mom is very lucky to have you watching over this for her.  Just remember that you or she does not pay a tax on any EWP they deduct.  It is a deduction for her.  Just make sure you get the bank to send you the form showing how much they deducted for the EWP.  She has to pay taxes on the RMD she has to withdraw.    There is a way around this but one has to prepare ahead of time and set up the interest to cover what is needed or have a CD in the IRA which matures around the same time she needs the RMD for the amount she needs so she can withdraw it without any penalties.  It can work if you have more than one IRA also.  Remember to read Pub 590 or ask them to mail you a copy to keep handy.  We need all the help we can get with these matters.  Please know that what I am posting is the way I have handled our IRA/RMD matters.  Please check out Pub 590 to understand the best way to handle your mom's IRA.    It's a headache but anything dealing with the IRS is not fun!

1
Comment #39 by Anonymous posted on
Anonymous
mucho fluffy dinero needs a distemper shot

1
Comment #40 by taking humbrage (anonymous) posted on
taking humbrage
payote the expression is take the high road do not blame me  for living in pennsylvania or that your  S O has medical issues or that social security is not enough you do not here me complaining that i reside in the big apple and live on   a meager 5 figure pension

1
Comment #42 by Paoli2 posted on
Paoli2
#40  Pennsylvania is NOT the Big Apple.  New York is and do you even know why it is called that?  You have such a vivid immagination.  Now you have given me an SO with medical problems?  And who has the five figure income, you or me? You know nothing about me or my income and I don't really care if you live on five figures or are a secret billionaire .  I am just trying to do the best I can for my family like most of the readers of this forum.    I think distemper shots are needed but NOT by me.  And people wonder why I prefer "Fluffy" and the doghouse these days.    Have a nice Tequila free day! 

1
Comment #43 by Ponderations (anonymous) posted on
Ponderations
Is BofA playing the float game? We were told that the money from our non-qual CD can only be disbursed via paper check. Is this a new trick or a very old trick or do they need tohire a computer/internet genius.

1
Comment #45 by Anonymous posted on
Anonymous
My mom has a very good rate on an IRA outside BOA and wants that to grow so she doesnt want to remove the interest  or distribution from that bank. So we want to cover all the total distribution from BOA account. The question is if we set up a EWP, can we take more than the RMD with out a penalty from BOA IRA.

1
Comment #46 by Paoli2 posted on
Paoli2
#45  The IRS doesn't care if you take "more" than your RMD out.  They do not penalize you for this as long as you declare it and pay taxes on it.  What you have to be concerned with is paying BOA their EWP on the amount withdrawn unless it is just accruded interest. 

From what I was told by my bank manager, we get charged the same EWP if we break a CD before maturity date whether it is an IRA CD or a regular CD.  That is why I feel if one needs income from any CD, it is noted on the CD at the time it is purchased.  Unless it is noted differently on your BOA CD Disclosure, you should be allowed to withdraw any accruded interest without a penalty but anything else may cause you to have to break the CD before maturity and they do have the right to hit you with their regular EWP.  Your CD disclosure should tell you what that amount is.

1
Comment #51 by Paoli2 posted on
Paoli2
Does anyone know if we have a "Delete Post" availability on this forum.  I am not the greatest computer savvy person and I must have touched a wrong key since all that garbage above showed up on my post. I don't know how to delete it.  If anyone does, please let me know since I have no idea where it all came from and it is taking up a lot of space.  Thanks for any help.

1
Comment #53 by Anonymous posted on
Anonymous
Thanks for all your help. My mom was a banker back in the good ole days when someone over 72 could closed an IRA and open a new one jusy to get more interest all with no penalty...she is just mad as @#!! that theses banks have turned into gansters.

1
Comment #54 by Paoli2 posted on
Paoli2
53:  I can remember the days when Iras were not under the same restrictions for people over a certain age.  However, my banker told me this week that now if we purchase a CD and it has EWPs on it, we are under the same rules as if it were not in an IRA account.  No more privileges to the elderly it seems.  The "good old days" are no longer available.  So it takes a bit more work with what we put into an IRA now.

1
Comment #58 by Paoli2 posted on
Paoli2
What do we have the United Nations on here??  I was wondering "who" would figure out that "comprendo por favor" was incorrect. I know many languages and just like to mix them up when I am trying to figure out why someone keeps using other than English words to me.  Would you like to hear my French, German, Italian, or maybe some Portuguese?! 

Also, there is NO particular phone number for an IRA that I know of.  If he wants info on an IRA he needs to select what bank or brokerage he wants to use and speak to them about it.  I gave him the IRS number because I thought he was looking for the IRS rules for IRAs.  Some thanks I get for trying to be helpful. 

1
Comment #59 by Anonymous posted on
Anonymous
dillusions of grandeur  ?  imaginary st bernard and now a poly glot what next  president  of north korea ?? maybe he or she was looking for  the phone number for the  S   L  A 

1
Comment #60 by Paoli2 posted on
Paoli2
Ok, so now I am dillusional, have an "imaginary" St. Bernard, and a "poly glot".  I bet you think I don't know what that means.  What is wrong with having a love of languages?  English was not the language I was raised hearing.  So now I have a tendency to mix them all up!  At least I am not boring.  Shucks!  I knew I should have accepted the chance to be President of S. Korea but I just refused to stick Fluffy in the bottom of that transatlantic plane!  He gets nauseaus.  But you almost got it right with the "President" insinuation.  Just not of N. Korea. 

Now quit picking on me and tell me where I can find a solvent bank which has 6% CDs and I need to be able to drive to it and return home the same day!  So far, Ken's banks are not doing the trick for me and 2012 is getting closer.  My apologies to "Gracias" if he/she misunderstood my earlier post.  He/she is free to speak whatever language they want in this forum (I guess).  Have a nice day.

1
Comment #66 by Anonymous posted on
Anonymous
65 i thought papion was french for butterfly?

1
Comment #69 by Paoli2 posted on
Paoli2
#66  A Papion can also be a lovely butterfly but what fun is there in that!  I prefere the idea of the West African Baboon.  My, my, we do have some adroit posters on this forum!  Can't get anything by you.  That is why I am so sure one of you is going to share that bank or CU where I can find great CDs in 2012!  Happy day to all!

1
Comment #70 by adroit be me (anonymous) posted on
adroit be  me
how is fluffy today papa

1
Comment #71 by papillion (anonymous) posted on
papillion
a great movie with steve mcqueen and dustin hoffman  and a small role with  gregory sierra  aka julio from sanford ans son

1
Comment #72 by Paoli (anonymous) posted on
Paoli
Addy:  Fluffy is in tears.  Could not get a part in that Papillion movie with Stevio.  However, I keep him busy reading this forum to help me find my CDs.  He wants to move to a bigger doggie house, too!

1
Comment #73 by Anonymous posted on
Anonymous
BOA SUCKS!!! Ridiculous withdraw penalty!!

1
Comment #79 by Paoli (anonymous) posted on
Paoli
WHY does "73" suck?!   You people like BOA's early withdrawal penalties??   Inquiring mineless people want to know!

1
Comment #80 by HAY PAPI (anonymous) posted on
HAY PAPI
thought you took the day off looking for that perfect cherry pie and a new flea collar for fluffy how was the chicken ?

1
Comment #81 by Paoli (anonymous) posted on
Paoli
Hay Papo!  My Fluffy does not have fleas!  The CHICKEN is for what we Americans call "Thanksgiving"!  It's not here yet at least in the planet I am living on.  You must be living in another time zone.  I told you to go easy on that booze!  Happy Whatever, Wherever "you" are!

1
Comment #84 by W A B (anonymous) posted on
W A B
that would be lemon grass soup compai

1
Comment #85 by Paoli (anonymous) posted on
Paoli
WAB:  Lemongrass Soup maybe in your area but it's "Lemongrass Tofu served with a fish sauce" where I am.  Doesn't matter as long as it's not "turkey"!

2
Comment #87 by norman ok (anonymous) posted on
norman ok
paoili how bout  a catfish po boy  or a nice mulfallattea now those be goood eATS

1
Comment #88 by Paoli (anonymous) posted on
Paoli
Normannnnnn  Oh don't mention catfish poboys!!!  We used to have those "every" week.  Did not have to be a holiday.  But Hell broke loose (named Katrina) and blew us into a city where they have NO idea what a REAL southern poboy is!!!  They consider a block harder than a brick as a poboy.  They must give a LOT of business to dentists!!  How we miss our shrimp and/or catfish poboys!!!  Why did you have to bring that up?? You really know how to dig a knife in my heart (and stomach!).  I could even forget about 6% CDs for a few minutes if I had a REAL southern poboy to indulge in.  Too bad I can't drink.  Your post makes me want to join #86 and get hammered at his pub!!!  Fluffy and I will have to sooth each other over my delicious fried chicken tomorrow.  "HAPPY WHATEVER DAY YOU ARE CELEBRATING, in or out of a pub!"

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Comment #89 by cajun country (anonymous) posted on
cajun country
but  i thought you were not from the bayou ? paioli people who cant drink is usually due to medicine or excessive consumption at an earlier stage of ones life  see you at mardi gras on bourbon stree but please no flashing

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Comment #90 by 6 percent cd ?? (anonymous) posted on
6 percent cd ??
why not  7 ?

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Comment #91 by Paoli (anonymous) posted on
Paoli
Cajun:  When did I give you the idea I was from the Bayou or any of those places.  You certainly would never find "me"   at a Mardi Gras.  Just because I love a certain type of food doesn't mean I am a native of those places.  As for why I can't drink, it's personal but I don't make a big deal of other's wanting to enjoy themselves.  If I ever went to a pub, I would have to ask for "Pub Soda"!

#90:  I am joking about the 6% CD thingee.  It's what I would dream to ever have again but I don't think it will be possible for many years the way our government is being run.  So in 2012 when I will truly be CD hunting, I will hope for the best I can get at the time and searching this forum and others for the best banks or credit unions with best rates.  "Happy Whatever You Eat or Drink Day, Folks!"

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Comment #92 by lets c (anonymous) posted on
lets c
you reference katrina po boys grits you use words like shucks  y all i know you do not reisde  in the north east  base d on this one might infer that youse be from mobile or biloxi

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Comment #93 by Paoli (anonymous) posted on
Paoli
#92:  Maybe I just pick up the "talk" of places I have been and enjoyed the food specialties.  Doesn't mean I am from those places.  Especially Mobile or Biloxi.  Driven through them going to other places but not places I would ever want to live in.  Maybe I am "residing" in a new area now  but my heart will always miss my original homebase.  "You can take the pig out of the pen but you can't make it be happy in a different pen" is an old saying I like to recall.  Happy whatever!

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Comment #94 by Anonymous posted on
Anonymous
dont give out to much info they may try to iidentify  scam i thought the expression was you can take the redneck  out of the back woods but you cant take the backwoods out of the redneck shooot or is fluffy by any other is still  harvey the rabbit 

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Comment #95 by Paoli (anonymous) posted on
Paoli
#94  I just looked at my neck and it's not red but a type of "olive" color.  I guess I ate too many pizzas in my day.  BTW....Was that "Harvey" I ate in my last rabbit stew?  I wondered why Fluffy has gone missing????  Ok since it's turkey or fried chicken (for me) day, I will leave you with my favorite saving and if you can't figure out where I am from by it, you are staying at the pub too long.

To all who have eyes let them see and to all who have brains (with less booze) let them understand:

"To whither is to wander but to turn away a "blunder".  Therefore go thy way to thy nearest pub in peace and be grateful thou can still drink of the precious ale!  "Happy Stewed Harvey Day!"

 

 

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Comment #96 by Anonymous posted on
Anonymous
and i may be in heaven an hour before the devil knows i am muerte

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Comment #97 by Paoli (anonymous) posted on
Paoli
#96   You must be Irish!!  You and I have something in common.  I've known that saying and I am NOT Irish!  There's more to that than one line but that line is the best.

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Comment #99 by Paoli (anonymous) posted on
Paoli
98:   Wow!  What a fascinating mixture!  It never ceases to amaze me how many different nationalities we have in this forum.  I would not want to make you my enemy with a mixture like that!  I guess no matter what breed we are, we all are looking for the same thing in this forum.  A way to survive financially in these bad times in the US,    I do hope we all can  find what we need in 2012.  Hope everyone had a great "whatever they ate or drank" Day! 

 

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Comment #100 by FELIZ CINCO DE MAYO (anonymous) posted on
FELIZ CINCO DE MAYO
How was the chicken fluffy ?

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Comment #101 by Paoli (anonymous) posted on
Paoli
Feliz:  I think all you "turkey" eaters must have put a curse on me.  That "chicken" must have been "Fluffy" coated with a lovely crispy crust!  It made me sick as a "dog"!   Yuk!!  Everyone else loved it and no one but me ended up bad after eating it.  I think my joking about "Fluffy" made a bad impression on my stomach!  Come to think about it.  Where IS my Fluffy now???  It's times like these I could sure use a drink. I think I will end this and go soak up a six pack of coke!  Hope everyone else made out better than I did yesterday especially youse guys who spent the day in your pubs!

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Comment #103 by Paoli (anonymous) posted on
Paoli
Sorp: #102  I hate to break the news to you but you and "Papi"  are not the only ones posting on this forum.  "What" translation are you referring to and "whose" post is it on?  I have seen nothing which needed any translation.  Maybe that is because "I" UNDERSTOOD what was written.  If you didn't, please send it to me and I will certainly be glad to help you understand it too.  I prefere all people I converse with to be as poly glotish as I "try" to be.   However, aren't we supposed to be more interested in finding "my" higher CDs than in giving you language courses?  2012 will be here before you know it and I need to get my show on the road for the sake of my family.  CDs need NO translation!  

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Comment #104 by Anonymous posted on
Anonymous
Paoli and pals, you are cluttering up this thread on Ken's blog with almost 50 posts (and counting) of this inanity.  You should be ashamed of yourselves.  This is not the way to treat someone who works so hard to get us useful information and it shows a tremendous lack of respect for Ken as well as all the other contributors.  

If you guys want to spend your time on this type of foolishness, just trade Emails addresses or set up your own blog so you can go for it.  

Oh and Paoli, the shtick about 6% CDs is old and tired and stopped being funny long ago.  Maybe if you spent more time looking for deals and less time on you'd get somewhere.    You have provided useful contributions to this blog in the past, but you have destroyed your reputation and credibility with this posting behavior. 

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Comment #106 by Paoli (anonymous) posted on
Paoli
#104  Whew!  Thank you SO much for doing what should have been done quite some time ago.  I did not get on Ken's forum to cause such a disturbance but when a post is directed at me, I have a tendancy to reply to it.  You will not have to be concerned about seeing any further posts from me.  It is a disservice to Ken to clutter up his great forum this way.  I will research it as I was doing before and will only post anonymously and reply to posts only if we are discussing financial information.  I apologize to all for my part in this and it ends NOW!  Thank you for your help!

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Comment #107 by Anonymous posted on
Anonymous
Paoli, if the issue is as you said that you tend to respond to a post which is directed at you - are you going to feel any less inclined to reply to a post which is trying to bait you just because you are posting anonymously? 

You've made useful contributions in the past, so continue to post under your own name if you wish, but just be sure to use good judgement in what you respond to.  

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Comment #109 by Anonymous posted on
Anonymous
Yes guys there was a crazy giberish post on here right after I posted about IRA CD's..then it disappered. Do agree things got way off topic.

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Comment #115 by Anonymous posted on
Anonymous
Yup. I have just been robbed by Bank of America. Unfortunetely, I had a 2 year CD that rolled over last November. I went to take out a portion today. They took all the interests away, then $25.00 fee and then another 3% penaly of my own money.

Can't wait till my CD matures. I'll NEVER bank with them again.

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Comment #116 by Anonymous posted on
Anonymous
I recently renewed an IRA CD at BBT - the man told me that I could withdraw at any time without penalty.  He mentioned a certain age. After that I talked to a woman representative of same bank and she said I could withdraw my IRA CD once a year without penalty.......so I'm really confused now!

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Comment #117 by Anonymous posted on
Anonymous
My IRA CD matured 4/11.  There was a MA holiday on 4/16.  I went to BOA thinking transfer to brokage account.  They said they will charge $375 to withdraw my matured acccount.  Because they automatically renewed my CD to 5 year with new term of .95% interest.

It seems they can change the terms and condition at any time.  It does not seem right.  Does anyone know how I can change the terms and condtion so they pay me 95% a year?  instead of .95%?

 

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