[QUOTE=RetiredCPA;2319988]
Quote:
Originally Posted by Ellen2
I have had a sizable money market account with Truist Bank. Without notice, they suddenly dropped my interest rate from 3.05% to .01%. Needless to say, I am looking for another bank. Does anyone know of a local, brick and mortar bank/credit union, that is offering decent rate
I was in the same situation. I called and they told me what would happen if I did nothing. But they could renew me in another account at good rate.
My point being if they want to keep their customers they should automatically renew to their best rate.
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I agree that, if banks want to keep customers, they should renew at the best rate. But, unfortunately, I don't believe that banks care about keeping savings customers anymore. That is why I only use a bank for a checking account and credit card. I use investment companies to earn interest.