Complaint / Review
Wachovia
CD Auto-Renews at Much Lower Rate With Only Six-Day Grace Period

Caution!!! When CD renews it will automatically renew at much lower rate than promotional CD that you have to notify Wachovia during 6 day grace period. They refuse to accept instructions not to renew CD except during the 6 day grace period. This Bank is unethical as they most know that seniors will forget to notify bank to change cd into the higher rate CD.