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Monday, November 28, 2011 - 6:03 PM
People's United (Ex-Danvers) Rate Drop To 2.5% APY, Was 3% - No Courtesy Notify To Customers
People's United Bank (0 stars) - DetailsPeople's United Bank Rate Drop to 2.5% APY, was 3% - No Courtesy Notify to Customers
Qualified accounts earn 2.50% APY with a 2.47% APR on balances up to $24,999.99.
Do not have info on the grandfathered $100k accounts.
Qualified accounts earn 2.50% APY with a 2.47% APR on balances up to $24,999.99.
Do not have info on the grandfathered $100k accounts.
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2. Monday, November 28, 2011 - 6:54 PM
I got this from a CSR today, 11/28/11, but not from the conversion hotline.
And from the experiences of others it is uncertain that any CSR will tell the same story twice. http://www.depositaccounts.com/forum/thread/6274-danversbank-transition-to-peoples-bank-1014.html
Your migration is a good idea simply for not having to waste life calling every day to find out the rate. They have not lived up to their name - they should be called the Anti-People's Bank. But to be fair, mergers are messy, and it has only been one cycle to work out the kinks.
To call Peoples to find out today's rate: 1-800-894-0300
Better to select the callback method than to be on hold for 10 minutes and get disconnected.
And from the experiences of others it is uncertain that any CSR will tell the same story twice. http://www.depositaccounts.com/forum/thread/6274-danversbank-transition-to-peoples-bank-1014.html
Your migration is a good idea simply for not having to waste life calling every day to find out the rate. They have not lived up to their name - they should be called the Anti-People's Bank. But to be fair, mergers are messy, and it has only been one cycle to work out the kinks.
To call Peoples to find out today's rate: 1-800-894-0300
Better to select the callback method than to be on hold for 10 minutes and get disconnected.
2
3. Monday, November 28, 2011 - 7:11 PM
Thanks, Wayward, for the quick response.
I did call the PU number as well (was put on hold for five minutes) and the CSR gave me the same rate of 3.01%.
Both CSRs said that they would send out advance notice of the rate change (if any).
I like PU so far since the (new) branch is five minutes from my home and I use the RCA as a primary checking account (for rapid deposits, salary direct deposit, cash withdrawal from ATM, bill payment, and check-writings).
I did call the PU number as well (was put on hold for five minutes) and the CSR gave me the same rate of 3.01%.
Both CSRs said that they would send out advance notice of the rate change (if any).
I like PU so far since the (new) branch is five minutes from my home and I use the RCA as a primary checking account (for rapid deposits, salary direct deposit, cash withdrawal from ATM, bill payment, and check-writings).
1
5. Wednesday, November 30, 2011 - 12:36 PM
Rate as of 11/29/11 is 2.50 per CSR at 1-800-894-0300.
Yes, 2.5% APY. I confirmed that with a CSR who went into their "internal" rate information, thus it is unfortunately official.
Plan to move another $25K off the PU table now:D
Thanks Wayward for the heads-up!
Note: This rate change of course applies to Ultra Reward Checking accounts as well.
3
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