Opinions On Savebetter's Skyone 22 Month CD?

Z_F | Nov 18, 2022 | 1 posts since 2022

SkyOne's 5.0%, 22 month CD looks interesting.

Does anyone have experience using SaveBetter?

Should SkyOne's current health grade be of concern?

Thank you in advance for any insight you might have to share.

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Answers

happyharold4 | Nov 22, 2022 | 388 posts since 2022

Not sure about Skyone, but just opened and closed a savings with Savebetter. It was a sampler account just to feel it out. There are no account #'s assigned. Four days in a row trying to contact by phone to no avail. Finally emailed about beneficiaries and response was so vague and unprofessional, I decided I had made a mistake and closed account. Too many similarities to being fraudulent for my liking. I'd recommend staying away.

planxy | Nov 18, 2022 | 140 posts since 2013

Do Not Trust SkyOne, especially indirectly. Went through many hassles to get approved, including HARD PULL for savings account only. "Could not verify identity" when real banks have no trouble doing so. BEWARE anyplace that asks for a photograph of drivers license etc., not accepting scans on original secure application. Asked for photo of my IDs over nonsecure standard e-mail with interceptions in Russia and China almost a certainty. I worked 3 decades in banking regulation including customer security and that is going to facilitate ID theft, no thank you. Promised that faxed DL would be acceptable on complaint, also mailed the same in an envelope, neither ever acknowledged.

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