Dana, they wont charge you.. they will PAY you interest.
Assuming you meant $20,000 (twenty thousand)
If you are not in need of the money, I would check their current CD rates so that you can put the funds away on a higher yielding interest account. All banks are in desperate need of deposits right now. If you want more liquidity (accessibility) to your funds, look for a money market account. usually they require a minimum balance of 5K or so but they pay higher interest and you can access your funds when you need them without having to wait to a maturity date, as you would on a Certificate of Deposit, to withdraw the funds.
The bank charges % if you take $$$$ out .
When you put $$$$ in, they should pay you % .
ING and Citi eSavings pay between 4 & 5 % .
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Are you saying 20.00 or 20,000? The bank should pay you interest.
If you are dealing with $20,000, please be sure to make sure that you are earning interest.
