CFG Bank:
Online Savings Account - 2.55% APY

Tried to get them to return a call to set up a CD for a week. Sent multiple emails. No response. If its that hard to put money in their bank I would hate to think of how hard it was to get it out. Hard pass.

I retired in 1995 after 20+ years as a small bank president. Everyone should maintain some amount of liquidity and I refer to my MMA @ CFG as my COVID A/C because I opened it in early March, 2020 after tracking their rates for about 3 months. Previously I kept a comfortable sum @ Ally Bank for 5+ years essentially in staggered short term (11-18 months) CDs coupled with an online savings a/c for staging purposes. However, when CD rates became laughable, everything wound up in the savings. The problem with Ally was their rates dropped like a lead balloon and when they hit 1.5% APY I started transferring funds to CFG @ around 1.9%. Of course, by July, 2021, CFG had slowly fallen to .59% (Ally bottomed @ .50%) and held there until February, 2022 when their balloon started to ascend. But CFG's rates are extremely reactive to changes in the Fed Funds Rates which is why one would now think their balloon is filled with helium with a tag along nitro booster when needed. I still keep a little "chump change" @ Ally and I kind of enjoy the emails they send as their hot air balloon struggles to gain altitude. It serves to remind me to check out my CFG MMA. So, last Friday, August 5th when their APY hit 1.6% ... CFG was around 2.25% but now, 4 days later it's up to 2.55% and that's quite a spread. But, I'm readying my seatbelt everyone because we ain't seen noth'in yet! Could we be in for another Jimmy Carter ride to the Fed Funds moon of 19+% ??? And ... BTW: I would have given CFG 4.5 Stars but I had to round it up. No place is, after all, PERFECT.

Are your policies even legal, we filed a complaint with the OCC to see if they are..........................

From website: "Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period."

Are you F ing serious ?

I read all of the comments. I figured I could cope with the 3 branch bank in Baltimore etc. as everyone said that the people are nice. Now, I am a couple weeks in and I need to call to get anything done. Then I need to fill out and scan forms and email them. I will gladly switch back to Ally which is a lower rate and slower to raise, but it gives me back my time.