No withdrawals may be made within the first 30 days. After 30 days no withdrawal penalties will be waived.
Maximum initial funding limit is $500,000. Funding sources available include ACH Funding and Plaid Funding.
High Yield Money Market Account
Minimum deposit to open this account is $1,000. You must maintain a minimum balance of $1,000 in the account daily to avoid a $10 service fee.
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
Account will remain in credits only status for 5 days.
Maximum initial funding amounts:
Plaid Funding – $500,000
ACH Funding- $5,000.00
No check writing or debit card privileges are allowed with this account.
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No withdrawals may be made within the first 30 days. After 30 days no withdrawal penalties will be waived.
Maximum initial funding limit is $500,000. Funding sources available include ACH Funding and Plaid Funding.
High Yield Money Market Account
Minimum deposit to open this account is $1,000. You must maintain a minimum balance of $1,000 in the account daily to avoid a $10 service fee.
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
Account will remain in credits only status for 5 days.
Maximum initial funding amounts:
Plaid Funding – $500,000
ACH Funding- $5,000.00
No check writing or debit card privileges are allowed with this account.
The $10 fee is only if you go below the $1,000 minimum daily balance. And you need to make a minimum deposit of $1,000 to open an account. Should not be an issue.
I applied Wednesday last week and it's still stuck in review. Maybe they're slow because of the weekend and 4th of July holiday? I think it said 2-3 days to review so assuming business days it should have went through already. Guess I'll give them a few more days and call them.
did you get your acct opened? if so after how many days
5.5% for 12 months?
if it was 3 months yes. 12 months we know feds raising another 0.5%. Meh. Banks being cheap well We know they don't wanna pay us the correct rates. I hope the fed raises rates to 10%.
Besides banks also keeping money in reverse repo and passing 5% to banks anyway using our money to get more free money. tbtf banks looking at you we know.
I applied Wednesday last week and it's still stuck in review. Maybe they're slow because of the weekend and 4th of July holiday? I think it said 2-3 days to review so assuming business days it should have went through already. Guess I'll give them a few more days and call them.
My CD request got denied. Do they check your credit (hard/soft) in the process? My credit is frozen in all 3 credit bureaus. Is that why?
did you get your acct opened? if so after how many days
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from blobberty
:
My CD request got denied. Do they check your credit (hard/soft) in the process? My credit is frozen in all 3 credit bureaus. Is that why?
It was finally opened after a week, but they gave me the current 5.25% rate instead of the 5.52% I signed up during which is lame. I don't think they check your credit as I didn't see any hard/soft inquiries on my reports, but maybe they could check Chex Systems which is a report related to banking accounts.
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Each co-owner of a joint account is insured up to $250,000 for the combined amount of his or her interests in all joint accounts at the same IDI.
https://www.fdic.gov/deposit/diguidebankers/documents/joint-accounts.pdf
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I set up external account to transfer in the initial amount if that's what you mean. No problems.
I was planning to put a sizeable portion of my paystub to this MM, yet I am only able to put 30k each month.
And no not that entire 30k was from my paystub lol.
if it was 3 months yes. 12 months we know feds raising another 0.5%. Meh. Banks being cheap well We know they don't wanna pay us the correct rates. I hope the fed raises rates to 10%.
Besides banks also keeping money in reverse repo and passing 5% to banks anyway using our money to get more free money. tbtf banks looking at you we know.
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