They announced this months ago. Basically, the first announcement said that people were confused and they wanted to clarify. However, I do remember the original terms stating it would not renew at the special rate. People are just lazy and can't read, I guess...
What is the point of this post? It will just cause confusion here. One person already thinks it's a current offer. cutemitu said: What are the requirements? Is there a max amount to qualify for the 7%?
The funds in my CD were automatically transferred into my Savings on Dec 12th. I added an external account the same day; the micro-deposits were in my external account the next morning, which allowed me to confirm my external account on Dec 13th. I then requested a transfer of all but $10 out of Savings into my external account (which did require a phone call to confirm, as they had a "hold" placed on the transfer); however, the "hold" was immediately removed and the money showed up in my external account the very next day. All in all, a pretty smooth experience after taking advantage of a nice (albeit short term) earnings opportunity.
protomenace said: What total balance did everyone end up with? My maturity date was yesterday but I still haven't seen a final dividend or the promised automatic deposit of my CD into my savings. I called this morning and was told it will be closed and funds transferred to savings this evening (~6 pm).
Incidentally, their webpage has the following banner message. Could be unrelated but there have been some issues with their system : "Important Announcement: There was a delay in processing ACH deposits and withdrawals, but now all transactions have been processed. We apologize for any inconvenience. Please call our Communications Center at 301-839-8400 or 800-526-6661 for any questions or concerns. "
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