ST Alpha - "New USBank IRA fee can eat most of savers' interest - and you can't do anything about it, because if you withdraw your funds, there's a penalty. -- (link)" (Reading a Post)

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New USBank IRA fee can eat most of savers' interest - and you can't do anything about it, because if you withdraw your funds, there's a penalty. -- (link)

Posted by Mop (204 lbs) (aka rburriel) Jun 9 '11, 11:21

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http://redtape.msnbc.msn.com/_news/2011/06/09/6821261-new-usbank-ira-fee-can-eat-most-of-savers-interest (redtape.msnbc.msn.com)

Responses:

Don't open an IRA at a bank! -- nm - psilotum Jun 9, 11:26
moral of the story? Don't invest in something that penalizes you for moving it (like CD's) -- nm - decline Jun 9, 11:25 2
- CD isn't really an investment. Also, lately, a few months of CD interest premium has covered withdrawal penalties. -- nm - psilotum Jun 9, 11:29
- or at least, don't hold it in your IRA... -- nm - znufrii Jun 9, 11:28
don't worry! obama and geithner are doing what they can against those big banks.....nm - x Jun 9, 11:25

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