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Monday, July 9, 2012 - 11:03 PM

Obscene IRA Charges

OneWest Bank (1 stars)
First, they charge $30.00 a Year "maintenance" Fee on an IRA CD.

Then they charge $25.oo to give you your money back when the IRA CD matures

and on top of that they charge an additional $13.11 "Premature Distribution Charge" on a ""Matured ""$5000.00 IRA CD if

you are under 65 years of age when you roll the """Matured"""  Funds  over to another institution.

I wonder if this "Premature Distribution Charge" is legal?

My Rating: Minus 5 Stars

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7
Depositor1Depositor11 posts since
Jul 9, 2012
Rep Points: 7
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