Talk of The Villages Florida - View Single Post - Money market/savings interest rates
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Old 04-09-2024, 05:44 AM
mcloud mcloud is offline
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Quote:
Originally Posted by smurphy View Post
Did you have an introductory rate at Truist?

There are at least 3 CU in the Trailwinds Village shopping center on 466a. You should check their websites or call them for current rates.
Having worked in the banking industry for over 30yr, No banks can’t and don’t just arbitrarily, lower, or raise your interest rate. One of a few things could’ve happened number one you had an introductory rate that’s time expired number two you withdrew money lowering the balance and not qualifying for the higher interest rate in three there was a term and time limit on the rate you were getting and you missed the renewal or the opportunity expired. Either way, it’s not the banks fault.