Do the banks increase the interest rates if I take out the funds/stocks after close of escrow ? Banks have BS trading platform and I would like my funds to be with stock broker but worried about loosing the relationship discount if I move funds/stocks out. Blind Tax TC- 400K YOE - 12 Edit - Citibank
It’s Citibank - edited post.
No, you can take it out once you close. I did this with Citi last year
What about using it for closing itself ?
The condition for these deposits are funds after closing. They want the chance that you’ll just leave it there
you can take the assets out after closing
No interest rate won't increase but banks could charge fees for moving assets out
probably depends on the bank