I would be curious if anyone else has experienced this at Goldman Sachs bank (or elsewhere). I had a 4 year CD ($20K principal) mature on 8/1/2018. It was originally with GE Bank but I guess Goldman Sachs bought that part of the GE Capital business. Anyway, I called Goldman Sachs bank on 8/17/2018 to instruct them to roll the proceeds of the CD into my linked savings account. The phone operator told me that Goldman Sachs bank had already automatically rolled the proceeds into a new 4 year CD (maturing 2022) and if I withdrew the money it would be considered an "early withdrawal" for which I'd have to pay a $400+ penalty. I find this pretty outrageous. While I did not expect to obtain any post-maturity interest, to automatically lock up the money for another 4 years subject to a highly punitive withdrawal penalty strikes me as grossly unfair and unethical. I don't have a lot of experience with CDs and I'd be interested in others experience/reaction to this. Thanks