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I think a lot of people would be very angry if they had free checking in exchange for maintaining $10k across accounts, the bank marked their CD down so they no

I think a lot of people would be very angry if they had free checking in exchange for maintaining $10k across accounts, the bank marked their CD down so they now have $9500, and then started charging them. Something about rigging the system, market manipulation, etc.

JumpCrisscross 4y ago
> rigging the system, market manipulation, etc. Which would be nonsense, because a CD* isn't a deposit. *There are CDs and there are CDs. Many CDs have a put which lets you redeem your principal at any time. Those don't lose value when rates go up. But many CDs don't, particularly tradable ones, and that's part of the risk one takes when trying for a higher return. How a bank counts deposits for waiving fees is a separate question from fair market value.
- mlyle 4y ago
  > because a CD* isn't a deposit. What does CD stand for?