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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35442  
Subject: Re: CDs > Treasuries Date: 9/5/2006 3:22 PM
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Update on Amtrust:

Unfortunately, their return transfer must be a wire transfer, for which they charge a $15 fee (HSBC and Emigrant each claim to be 'no fee' accounts now, so I'm not sure if they charge for an incoming wire transfer, but that's irrelevant since Amtrust does).

The mail option drops several days interest or more.

The other option is to move it to another AmTrust account. And they have a MM earning 5.15%. But I really don't feel like opening yet another savings account (two is plenty).

Whyohwhyoh... I remember your questions about the CD numbers. So you can confirm that eTrade gives you an ACH, fee-free option to transfer back at maturity? May I ask the mechanics about how you go about selecting this? i.e. can you select on their website? Do you have to call? Do they 'verify' the account at all, or is it only the one that it was taken from initially?


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