A few years ago, I responded to their ad about a CD. I think they stated that they had many banks to deal with. But at the appointment, he only had one, and he said I didn’t qualify since I already had a bank account with that bank, Bank of Internet.
Last week, I responded to another of their high interest (4.8%) CD ads and scheduled an appointment with Michael McMahon. But when I saw some very negative reviews on the internet, including that their advertised rates are only on $15,000, I called him back. He stated that this interest rate was not limited to $15,000, because they deal with thousands of banks. (Their ad states $15,000 as the minimum.)
When I went in, he reiterated thousands of banks but immediately started talking about an annuity. I love annuities but sell them to myself, so I switched back to the CD. I turns out that of the thousands of banks, there’s only one that the ad applies to, and that happens to be the same bank from a few years ago, namely Bank of Internet (recently changed its name to Axos Bank), with whom I no longer have an account.
But the maximum deposit is $15,000! So their “over 6,000” banks comes down to one, and their minimum $15,000 turns out to be a maximum of $15,000. Total waste of my time!
Sun Cities Financial Group Reviews
A few years ago, I responded to their ad about a CD. I think they stated that they had many banks to deal with. But at the appointment, he only had one, and he said I didn’t qualify since I already had a bank account with that bank, Bank of Internet.
Last week, I responded to another of their high interest (4.8%) CD ads and scheduled an appointment with Michael McMahon. But when I saw some very negative reviews on the internet, including that their advertised rates are only on $15,000, I called him back. He stated that this interest rate was not limited to $15,000, because they deal with thousands of banks. (Their ad states $15,000 as the minimum.)
When I went in, he reiterated thousands of banks but immediately started talking about an annuity. I love annuities but sell them to myself, so I switched back to the CD. I turns out that of the thousands of banks, there’s only one that the ad applies to, and that happens to be the same bank from a few years ago, namely Bank of Internet (recently changed its name to Axos Bank), with whom I no longer have an account.
But the maximum deposit is $15,000! So their “over 6,000” banks comes down to one, and their minimum $15,000 turns out to be a maximum of $15,000. Total waste of my time!