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Monday, March 1, 2010 - 1:59 PM
(2 stars)
In December Tampa Bay FCU Changed Its Account To 3
Tampa Bay Federal Credit Union
(2 stars)In December Tampa Bay FCU changed its account to 3.01% apy on a maximum of $20000.
Tampa bay FCU not only reduced its interest rate but also reduced the max amount it would be calculated on. Notifications and account information state interest rates may change without notice (and they will and did) but there is no information that the maximum amount on which the interest rate will be based on would change. They do not notify you about the change. There is difficulty in identifying the rate you are receiving. Information about the account states you will get 3.01% apy yet statements show your apy and it is never 3.01%.
Tampa bay FCU not only reduced its interest rate but also reduced the max amount it would be calculated on. Notifications and account information state interest rates may change without notice (and they will and did) but there is no information that the maximum amount on which the interest rate will be based on would change. They do not notify you about the change. There is difficulty in identifying the rate you are receiving. Information about the account states you will get 3.01% apy yet statements show your apy and it is never 3.01%.
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