Comments on: Indymac Bank CD Account Opening – Review

By: Shelley

Shelley — Mon, 14 Jul 2008 18:09:36 +0000

Of course, today is a very bad day for IndyMac customers. Unlike many of you, I didn’t have a problem opening my acct. My current problem is getting my money back. SOB’s. I have a CD (renewed 6/1/08). They knew they were going down. My thinking is that they entered into a contract with me, knowing full well they would not, could not fulfill the promise. Bad word, bad word. bad word.

By: FJ

FJ — Sun, 29 Jun 2008 15:57:52 +0000

I am very disappointed to hear about the problems encountered by people trying to open a CD account. I have been a CD holder for a couple of years and have not had any such problems, but seeing where others have had, what I would call significant problems, I wonder whether or not to renew my CD with IndyMAC. The last time I renewed, it was a snap. Even though IndyMac’s rates may be better than elsewhere, is the difference in rates worth the hassle? I am currently undecided, but definitely don’t like what I am hearing!!

By: Mr K

Mr K — Tue, 10 Jun 2008 00:47:19 +0000

Indymac sux. I have the same experience too. Applied online saving account for 4.0% APY 4 weeks ago. Waited for 3 weeks, did not receive the welcome kit. Called twice, waited on phone for 45mins, nobody answered my call. Finally called the third time, waited 30mins, i complained about not receiving the welcome kit. One week later, welcome kit arrived, in the introduction letter says i can find the rate i will get when i applied on an attached sheet, but the rate sheet is missing. Now on their website couldn’t find the online saving account anymore, the only thing left is the online E-money account with a 1.34%. I am going to cancel my account. Like Armand said, DO NOT DEAL WITH INDYMAC BANK EVER!

By: Armand Tom

Armand Tom — Wed, 28 May 2008 12:34:09 +0000

Similar frustration here with Indymac CD opening. Online special 4.10%. Send in app online. Paperwork for my CD didn’t arrive for two weeks. Sent back in with check. Cashed Check right away and when I checked online, thay gave me a CD with 2.83%. Spent 40 minutes with waiting on 3 different calls. Finally got a foreigner and she said would fix, I think, hard to understand or I’m going deaf or something. She also had the gaul to ask if I wanted to open any more accounts. The steam from my head probably melted the paint on my ceiling. My advice, do not deal with Indymac bank ever.

By: Mr. B

Mr. B — Thu, 07 Feb 2008 03:46:20 +0000

Agreed. 5.15% is definitely worth fighting for right now. I hope your fight was successful (and worth the effort).

By: eMoneyCentral

eMoneyCentral — Thu, 07 Feb 2008 00:28:05 +0000

I think I know exactly how you feel. I fought with some CSR’s last week at another institution – not to the extreme that you did though. I Hope things turn out all right for you. 5.15% is worth fighting for at this point in time.