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IRA CD Closing Charge

Thursday, February 28, 2013 - 9:44 AMCitizens State Bank (FL) - Details
There is a $25.00 charge for closing IRA CD's - even if they reached maturity.  Of course, there is an early withdrawal penalty as well if closed prior to maturity. 
4
FHBFHB1 posts since
Feb 28, 2013
Rep Points: 4
1. Friday, March 1, 2013 - 10:56 AM
FHB:  I have never heard of this for an IRA.  I went to Citizen's webpage and it seems there is a $25.00 fee for closing out the IRA plan.  It says nothing about fees for closing CDs even when they reach maturity.  I have always just replaced a matured CD in the IRA with another and never been charged a fee at any bank I use for my IRAs.
2
paoli2paoli21,146 posts since
Aug 10, 2011
Rep Points: 5,115
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