Jonathan Kamens 86 47Sep 11, 2025
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
Show threadCheapPontoonSep 12, 2025
@jik
"0.05 percent? Oh cool so there's literally an early withdrawal penalty of PENNIES when I move it to a different bank."
Show threadJonathan Kamens 86 47
@CheapPontoon I mean, it's a six-figure chunk of the retirement money I've been saving for >30 years, so it'd be dollars, not pennies, but yeah.
Sep 12, 2025 at 1:48amWeb