Checking or savings account — ALLY FINANCIAL INC. (IL)

Fees charged for closing account. A CD rolled over into a new a CD on XX/XX/XXXX, with a new opening balance of {$16000.00}. After renewing into another XXXX CD, my wife and I decided we wanted to have a shorter maturity of XXXX months instead. The interest accrued on the account since opening shows as {$50.00}. Ally wants to charge us {$110.00} to close the XXXX and open a XXXX CD instead. This is more than the interest earned on the account, and tantamount to theft.