No additional deposits are permitted after initial deposit. The minimum balance for all CDs is $500, and the maximum deposit is $250,000. Fees could reduce the earnings on the account. These accounts are subject to an early withdrawal penalty. All accounts are subject to a 7-day interest penalty if withdrawal occurs within 6 days of account opening.
Money Market Account Terms:
For the first 30 days after initial funding, all deposits are placed on hold and unavailable for withdrawal.
Review the complete terms and conditions for both account types here.
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No additional deposits are permitted after initial deposit. The minimum balance for all CDs is $500, and the maximum deposit is $250,000. Fees could reduce the earnings on the account. These accounts are subject to an early withdrawal penalty. All accounts are subject to a 7-day interest penalty if withdrawal occurs within 6 days of account opening.
Money Market Account Terms:
For the first 30 days after initial funding, all deposits are placed on hold and unavailable for withdrawal.
Review the complete terms and conditions for both account types here.
So much for being a friendly bank, you have to call to increase transfer limit and it only last for 5 days.
Any large transfer requires you to call in. Boy there making it difficult for you to transfer your money out if you don't like the their service. Don't forget phone support is only available during business hours. Really Paperwork, I guess you can't do it online
Hard Pass for me and reading some of their reviews on depositaccounts.com/banks/cfg-community-bank.html.
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Per FAQ
Quote
:
How do I increase my external transfer limit?
Please call us at 888-205-8388 during our weekday business hours. We will record verification of your identity and request prior to inputting the increase. Your increase will last for five business days.
How do I wire funds from my account?
Please call us at 888-205-8388 during our weekday business hours. We will record verification of your identity and request prior to providing you with the wire transfer paperwork. A wire can be sent for you on the same business day if we receive the paperwork back from you by 3PM EST. A fee is charged for this service.
So much for being a friendly bank, you have to call to increase transfer limit and it only last for 5 days.
Any large transfer requires you to call in. Boy there making it difficult for you to transfer your money out if you don't like the their service. Don't forget phone support is only available during business hours. Really Paperwork, I guess you can't do it online
Hard Pass for me and reading some of their reviews on depositaccounts.com/banks/cfg-community-bank.html.
Last edited by freeyellow2000 February 25, 2023 at 06:30 PM.
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For the HYMM from CFG- Following initial funding, there is daily external outbound transfer limit of $5k and daily inbound transfer limit of $25k. The total external transfers (inbound and outbound) may not exceed $30k in a 30-day rolling period.
lets say you put in $250k, it'll take you 9 months to move your money out. :/
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So much for being a friendly bank, you have to call to increase transfer limit and it only last for 5 days.
Any large transfer requires you to call in. Boy there making it difficult for you to transfer your money out if you don't like the their service. Don't forget phone support is only available during business hours. Really Paperwork, I guess you can't do it online
Hard Pass for me and reading some of their reviews on depositaccounts.com/banks/cfg-community-bank.html.
90 Comments
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Nationwide?
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5.35% at Mountain America Credit Union
https://www.macu.com/
5.35% at Mountain America Credit Union
https://www.macu.com/
5.35% at Mountain America Credit Union
https://www.macu.com/
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank freeyellow2000
Please call us at 888-205-8388 during our weekday business hours. We will record verification of your identity and request prior to inputting the increase. Your increase will last for five business days.
How do I wire funds from my account?
Please call us at 888-205-8388 during our weekday business hours. We will record verification of your identity and request prior to providing you with the wire transfer paperwork. A wire can be sent for you on the same business day if we receive the paperwork back from you by 3PM EST. A fee is charged for this service.
Any large transfer requires you to call in. Boy there making it difficult for you to transfer your money out if you don't like the their service. Don't forget phone support is only available during business hours. Really Paperwork, I guess you can't do it online
Hard Pass for me and reading some of their reviews on depositaccounts.com/banks/cfg-community-bank.html.
Our community has rated this post as helpful. If you agree, why not thank Tortilla-Chip
Our community has rated this post as helpful. If you agree, why not thank Ndgt10
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lets say you put in $250k, it'll take you 9 months to move your money out. :/
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