Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Finance
  4. / Banking & Financial Institutions
  5. / Choosing A Bank

by cornell2 on July 6th, 2008

cornell2

Question

Help answer this question below.

Where can I set up a bank account that: 1) allows online deposits of small amts say $100 a time, 2) where I cannot withdraw for a fixed period of MY choosing say 30/60/90 days. - Sort of like a self-imposed piggy bank ; ) Thanks!

  • Like
  • Report
Share:
Other

Answers. 1 helpful answer below.

  • by jdib78 on March 2nd, 2009

    jdib78

    1) Most larger banks already allow online banking. You can set up automatic deposits from other accounts. 2) The only way to keep your money locked up for a set period is to open a certificate of deposit (C/D). You would still be able to take the funds out at any time, but you would have to pay a penalty to do it and lose the interest you'd earned. No legitimate bank can keep the account owner from withdrawing the funds at any time.

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading Where can I set up a bank account that: 1) allows online deposits of small amts say $100 a time, 2) where I cannot withdraw for a fixed period of MY choosing say 30/60/90 days. - Sort of like a self-imposed piggy bank ; ) Thanks!

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Murder yourself

Answerbag

a Demand Media company