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2.5% For 7-Year Term--BUT Beware The Super-High Early Termination Penalty

Monday, August 1, 2011 - 3:14 PMChase Manhattan Bank - Details
2.5% for 84-month term (1.1% for 36 month) is pretty good, even though a linked checking account is required.

But try to find the "Early Withdrawal Penalty" terms on the web page and you may search indefinitely.  :-)

Go to a branch, as I did this AM, and they will tell you the penalty for early withdrawal is $25 + 3%!!  This equates to > 1 year's worth of interest on the 84-month...and a whopping 2+ year's worth on the 36-month.
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MaribagoMaribago1 posts since
Aug 1, 2011
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