So …. based on current market conditions, I decided to finally add money to this GTE 3% add-on CD.
When I tried to do so, the software said there was a limit of $5k that could be done per transaction. So, I only put $5k in today. I believe I could probably put another $5k in tomorrow and so forth until I completed the full amount I wanted to deposit.
I figured I would ask over chat if I could "push" money in if my external bank allowed more than $5k - the person on chat said no. She said I could wire money in or do $5k a day.
So then I asked what happens when the CD matures and I wanted to withdraw a larger than $5k amount and the chat person said I could either wire the funds ($25 fee) or get a check (for a $6 fee).
I guess for the 3% in today's market a $6 check fee in 5 years is no big deal. But it is annoying. And I think I would be more concerned about the check getting lost in the mail. So, I probably would pay the $25 fee at that point.