Recent content by cityfuwa

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    Beware of CDs that continue to auto-renew after death at Citibank

    I understand the sentiment. Sometimes it is helpful to have a person to talk to. It has always been easy for me to reach someone at Goldman Sachs online. One thing I learned from this experience was that there is no "personal" relationship at Citibank, even if you have a private banking...
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    Beware of CDs that continue to auto-renew after death at Citibank

    My mom always specified POD on every account, except in this circumstance where she only had the option to leave the cash earning zero or open the CDs online while she was hospitalized. This is a warning to others not to make the same mistake. Citi has not broken any laws, but there are also...
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    Beware of CDs that continue to auto-renew after death at Citibank

    California has statutory probate legal fees based on the amount of assets in question. It's not negotiable, there is no shopping around. It's apparently much higher than in other states.
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    Beware of CDs that continue to auto-renew after death at Citibank

    My CDs at Goldman Sachs online and CapitalOne360 always pay back to the account that funded them or a linked account on maturity. When opening the online CD at Citibank, there no was option to specify where the proceeds of the CD should be paid, along with no opportunity to specify...
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    Beware of CDs that continue to auto-renew after death at Citibank

    Definitely. Bank of America and Citibank are both renewing 1 year CD's at about 0.05% when 1 month to 1 year US Treasury bills are yielding over 4%. Both have "promotional" rates that are given at a specific term when you sign up that drop off to near zero rates on auto-renewal. The problem...
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    Beware of CDs that continue to auto-renew after death at Citibank

    I have had a terrible experience with Citibank regarding CD's my mother opened with them that people should know about. This is a little known situation, but Citibank will continue auto-renewing CDs of an account holder, even beyond death. My mother was hospitalized on a ventilator, and too...
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