Business CDs - Once Your CD Matures
Will ING DIRECT remind me of the maturity date on my Business CD?
Absolutely. We will send you a notice about 35 days prior to maturity. Then, as the authorized signer of the CD, you must sign in to your account online and set your maturity instructions – either to transfer the maturity value to a Business Savings Account or external linked business checking account, or renew the CD at the rate available on the maturity date. If you don’t set maturity instructions, the CD (including accrued interest) will automatically be renewed at the rate available on the maturity date.
How do I set or change my maturity instructions on my Business CD?
To set up or change your Business CD maturity instructions, follow these steps:
- Sign in to business.ingdirect.com using your Customer Number or Saver ID and PIN.
- Click on the Business CD with the maturity instructions you want to change.
- Click 'Account Maintenance'.
- Next to ‘Account Maturity’, click 'Change'.
- Change your maturity instructions and click 'Accept' to confirm the transaction.
Upon maturity of my Business CD, how long will it take for money to appear in my linked business checking account?
It takes 2 bank business days to transfer money from your Business CD into your external linked business checking account. Bank business days don’t include weekends or federal holidays. Learn more about how transfers work.
What if I provide ING DIRECT with maturity instructions after the CD maturity date? Is there a grace period?
On the maturity date, your Business CD (including accrued interest) will automatically renew at the rate available on the date of maturity. However, as a courtesy, you have a grace period that starts the day after maturity and lasts for 10 calendar days. During this time you can add funds to your CD, change the term or redeem it without penalty. If you choose to make changes during your grace period, follow these steps:
- Sign in to business.ingdirect.com using your Customer Number or Saver ID and PIN.
- Click on the Business CD with the maturity instructions you want to change.
- Click 'Account Maintenance'.
- Next to 'Account Maturity', click 'Change'.
- Change your maturity instructions and click 'Accept' to confirm the transaction.