While I was a student I had earned enough to open a small Roth IRA with U.S. Bank. It was in the form of a 5-year CD opened in 2009 paying 4.00% APY. At no time was it disclosed to me that there was a fee associated with opening or maintaining a Roth IRA account. At the end of the first year I received a notice that there was a $10.00 fee imposed. I paid the fee under protest. Now during this second year U.S. Bank has sent a notice that the annual fee is increased to $30.00. I wanted to close out my account with U.S. Bank because of this unethical practice but I found out that I cannot close out account because U.S. Bank is imposing a very heavy early withdrawal penalty for closing out a 5-year CD. How is it that a Bank can change the terms and conditions mid-way, but I cannot close my CD without penalty, if I don't agree to the change? Essentially, it looks like they can just increase the fee each year to eat up the interest they are paying and I have no recourse. I am wondering if anyone else has encountered this problem and how you can go about resolving this. The CSR has basically said there is nothing I can do other than pay the fee or incur the early withdrawal penalty to close out the C.D. I had a checking account with U.S. Bank which I closed out based upon a notice that there would be a monthly maintenance fee of $6.95 for the checking account.