Pissed Consumer - CD Renewed - Is My Money Gone?

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CD Renewed - Is My Money Gone?

Jul 11, 2008

INDYMAC BANK review by Hgrant007

I renewed a 9 month CD ($10,500) with IndyMac back in March/April 2008 after being with them already for a year. As of today, they are officially 'closed'. I never received a statement or any paperwork (in fact the whole time I received a total of like 2 statements). I am not even sure what my account number or balance is at the moment. Do I need to go to a local branch? I always slept easy knowing FDIC insured, but what if they hid my money? This is all news to me. Please advise. I cannot afford to lose the money

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Comments (6)

1. Written by MURIEL ROSEN, on 16-07-2008 00:34

WILLTHE INTEREST ON MY CD THAT I HAVE AT INDYMAC STILL BE MAILED TO MY HOME?

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2. Written by annie, on 14-07-2008 12:32

I just renewed a $5000 CD but I have another $5K one that ran up Friday and I have a grace period of 7 days to get the money back or else it gets rolled into another cd but I can't get ahold of anyone at the bank nor can I get to my account on the website!!!

GGGRRRRR

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3. Written by WTF, on 14-07-2008 10:37

I have been trying to speak with someone regarding my CD, but keeping getting put on hold, then when I finally get to the operator, I'm sent to a busy line which keeps kicking me out.

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4. Written by Mr. Disappointed, on 13-07-2008 23:16

I have $375,000 in a fixed account at Indy. I set the accounts up under my name, my wife's name and the names of my 2 kids.......four(4) social security numbers. I was told at the time, (4 years ago), that the money would be FDID insured up to $400,000.00. I hope now this is in fact true. Any thoughts?

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5. Written by Regis Rogtert, on 12-07-2008 00:39

If the collateral is under the 100,000 limit but is internet placed does the alogram be covered FDIC?

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6. Written by Socalbanker, on 11-07-2008 21:24

Don't worry you're insured under FDIC. Especially, since your balance is far below the 100K threshold. First thing Monday I advise you to get to your local branch (preferably the branch where you opened your account). Make sure you bring your I.D. so you can find out what your account number is. Expect possible long lines and some confusion but I repeat, YOU ARE COVERED UNDER FDIC. No worries.

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