Suntrust bank cd's - is your bank like this? - suntrust cd rates
I realized that SunTrust has 11 to 13 months CD's to pay a higher rate than their 5-year CD.
That interests me and I read the fine print.
If your CD, buy the short term, is automatically renewed after it runs on the new tariff. The new rate is 1%.
If you do not want to renew, you must write a letter within 10 days confirming that you want to run the CD.
Otherwise, the CD will be renewed. And if you want your money to pay an interest penalty of 9 months. If you can lie, you are no longer accounted for 1% for 11 to 13 next month.
You can not give, to send the letter to the bank - must.
Scheemish Would you agree?
Are your bank like the CD?
Wednesday, January 6, 2010
Suntrust Cd Rates Suntrust Bank Cd's - Is Your Bank Like This?
Subscribe to:
Post Comments (Atom)
All bank CDs are created in this way - which is not unusual, and about two weeks before the deadline that the bank will send you a letter that the CD runs - if you ignore this letter to be renewed on the renewal day and a letter will be sent to you to the new conditions - the period of 10 days can ducks and their money will I give!
ReplyDeleteYes, it is "scheemish (interesting word ... Magical drive nut). It is a marketing gimmick as a" breakthrough "same kind of thing that the buyers caught in adjustable-rate mortgages" laid. No, try not to my bank to cheat their customers. Well Done to read the fine print and to catch this trap!
ReplyDeleteYes, it is "scheemish (interesting word ... Magical drive nut). It is a marketing gimmick as a" breakthrough "same kind of thing that the buyers caught in adjustable-rate mortgages" laid. No, try not to my bank to cheat their customers. Well Done to read the fine print and to catch this trap!
ReplyDelete