Six months ago I moved some of my retirement money into a CD at a local bank, #EasternBank, at 4.21%. That CD matured yesterday and I called today (during the "grace period") to find out what the rate was going to be for the new rollover CD.
They said that since I called and asked, they can roll it over into a new CD with the same rate if I want, but if I hadn't called it would have rolled over into a CD at 0.05%.
yhgtbfkmwts
#banking #darkPatterns #scam
"How are we supposed to know you want to earn a higher interest rate at zero cost to you if you don't call and tell us?"