Suntrust bank cd's - is your bank like this? - suntrust bank 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?
Suntrust Bank Cd Rates Suntrust Bank Cd's - Is Your Bank Like This?
3 comments:
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!
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!
Yes, 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!
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