05/28/2007
We have a customer who has a certificate of deposit with us. We have determined that this is a customer that we no longer want to do business with. Do we have to wait until this individual's certificate matures to close the account or can we break the certificate early and close it now?
02/19/2007
Can an authorized signer on a Certificate of Deposit withdraw the funds if the Primary owner dies?
02/13/2006
Do most banks require certificate of deposit customers to bring in their original certificates at redemption time? If not, what do they require for proof of ownership?
01/30/2006
A Customer wants to re-register a certificate of deposit that is in his and his wife's name, to just his name. Must he redeem the certificate first?
01/23/2006
What are the ramifications of allowing additional deposits to a certificate of deposit when the contract specifically prohibits that? No additional disclosures are given to the customer upon receipt of the additional funds.
10/17/2005
The bank was served with a tax levy, and the customer has a certificate of deposit. However the customer assigned the certificate of deposit to the bank for collateral on a loan. The hold is on the entire CD amount. Is the bank obligated to release our hold and pay the levy?
06/20/2005
Is it necessary to obtain both signatures on a jointly held certificate of deposit?
04/01/2005
Main Street Bank, Herndon, VA recently became the first locally owned bank in Virginia to offer customers FDIC insurance up to $10 million.
01/01/2005
Main Street Bank, Herndon, VA recently became the first locally owned bank in Virginia to offer customers FDIC insurance up to $10 million.
11/15/2004
Our bank is planning on celebrating our five year anniversary. We would like to give away a $5,000 five year 5% certificate of deposit. We would also like to make this 5% five year CD product available to the public for that week only. What disclosures are necessary in our advertisment? Since this giveaway would be available to the public are there any advertising disclosures necessary regarding the giveaway.