I was charged a $75 fee to transfer an expired IRA CD to another bank! Because of the new banking laws, it is difficult to just take a check from one bank for an expired CD and take it to a new bank to open a new IRA CD. Only once per year are you allowed to take a check to a new bank. After the first rollover, You must now request the new bank request the old bank mail a check directly to them,. Are we now at the mercy of the banks to pay transfer fees because of the new banking laws, or is there a way around this?
The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.