Invested in five year CD in 2008 with nice interest rates;
Before expiration, phoned bank and asked what interewst rates it would roll over to. NOTHING was the answer;
I asked instead of letting it expired, I wanted to take the cash and not reinvest or rollover. They assured me that was fine and they would do that.
After February, I checked and never received a check from them or anything else. Today I called and spoke with "customer service", who apologized, but said it was OUT OF HER CONTROL as there would be an early exit penalty of $150!!!! I told her that was grossly unfair as I had let them know ahead of time to NOT roll it over. She said she understood, and was sorry....however was unwilling to do anything to rectify the situation.
Wonder how many people they do this to? I want to report it to any and all sources. DO NOT BANK WITH CAPITAL ONE BANK!!