this happened to me with Wells Fargo and I decided I had to break up with them after half my life banking with them. my conversation with customer service was hilarious though:
WF: can I ask why you're leaving us today? me: your interest rates are making me broke WF: I can totally understand that. let's continue with your cancellation
8 replies (most recent on top)
@b0. Ha!! Free money? We don’t even get free lunch!
@ez same here. Moved most savings over with the new employee rates. A good quiet benefit. Now I don't need to wait 3-5 days to transfer funds from an online bank.
@b2 I'm getting 3.2% so I have no idea what you're doing wrong.
Anyone who thinks big banks just have to charge you 30% interest just to get by has drunk so much cool aid their brain is rotting. Like there's no middle ground between sc--wing over people and "free money"
@b0 CC APR is 28.49% well above funds rate.
Plenty of online banks will give you 3% or more. So, yes?
@b0 - so paying .25% is ok in your pea brain ? The rates su-k here.
The Fed Funds rate is 3.50-3.75%. What is WF supposed to do, give you free money?