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Certificate of Deposit Scams by Banks

Konebhar6

By Konebhar6
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7 minutes ago, RunRaajaRun123 said:

Mine renewed at 5.65%. They gave extra 0.2 for renewing Connecus CU. But 10 days is what they gave for cancelling auto renewal.

I am very very careful and asked all the right questions while taking this CD. I know how they cheat ppl, still got cheated.

they say the cD rate is a special rate and will renew at old rate which is 0.05.

My post is NOT to vent my frustration, but to bring awareness to ppl how these big banks are scamming ppl. 

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surfroshan
surfroshan

ee bokkalo websiteki alternate ids aa okka id ne ekkuva was in vacation bud

Konebhar6
Konebhar6

To all those who have taken advantage of the high interest rates and took CD's, read below. Upon maturity (say i took a 6month CD), the bank gave me a 10 day notice period to cancel CD otherwise

Konebhar6
Konebhar6

ahhh anta opika ledu 

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40 minutes ago, Jatka Bandi said:

I inquired about this. They said it is not possible. I have to go to their credit union only annaru. Ala network unions emunnayo! But I agree that I am clueless because all nationalized banks have one issue or the other.

Naaku telsi you can withdraw from any CU. They might charge you $3 for every withdrawl but upto 6 transactions are free with in network. You can check with the website of these CU's. Also their charges are nominal and do not screw you like nationalized banks do. 

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