To Anonymous who posted on 9:05 AM, January 07, 2010
This is the issue that I have with these online banks. With a bricks and mortar bank, you can go to a branch office and get your money right then and then and there. In the virtual world, they can drag their feet and delay giving you your money upon maturity. And they will try to back up their position using some kind of legalese.
To Anonymous who posted on 1:26 PM, January 07, 2010
Let me get this straight. A bank with a "DIRECT" name which implies an online financial institution with no branch offices issues CDs with a paper form? Does this mean you can take that CD form to a business office and demand your money? How was your account opened? Was it via mail? Did they send you a CD form after they opened your account?