After my little banking debacle the other day, you’d think I’d have learned my lesson. Alas, no.
Instead, I applied a little creative problem solving.
Problem: I want to move a little money into a CD. Because I’m a big risk-taker, that’s why. (Yes, that's sarcasm). Basically, it’s quasi-emergency cash and I’d rather earn the extra 1.5% on it in a CD than let it fester (and not grow) in my bare-bones "savings" account.
Issue #1: the "open account" website won’t let you choose a single CD to open. You must either choose more than 1 CD, or a CD + another account. I think this is a bug, but then, I’ve already explained it to customer service once and they haven’t changed anything.
Issue #2: I can accomplish what I want to do, if I go to the bank. During bankers hours. Which are not convenient.
Solution: In the list of account types on the website, there is a "holiday savings". Minimum opening balance: $5. If I select this holiday savings plus the CD, then I can open my CD. And a $5 savings account. No real loss there, just a slight shifting of money. And one of these days, I can actually go to the bank and close the extraneous account. Problem solved.
Why don’t I just go to the bank to open the CD without bothering with the $5 account? Impatience. I’ll be making that trip at some point either way, but now I’ve bought myself an extra couple of weeks of CD-growing-at-basic-interest-rate time. I’m sure those pennies will be worthwhile in the end :)