Waterfield Bank
Undisclosed fee leads to loss on savings account

This lender works online as UFB Direct while offering superior interst savings accounts. I popped my bill having a $500 deposit in a 4.00% APY. After 8 weeks the interst rate decreased to 2.02% APY. I chose to shut my consideration, but was never informed of the $30 "Closing Price". Therefore after a few months I gained $2.99 in curiosity, but was billed a $30 charge to shut my consideration, to get a net reduction in my experience of $27.01.

Appears like quite a great fraud this lender has planning. They do not let you know about a sizable charge they cost that's prone to eliminate something they spend you in attention. The outcome is used to donot have my cash for a few months and wound up with $27.01 significantly less than I began with.

Allow my damage be everyoneis gain. Prevent this lender and become cautious with online banks. THEY DON'T usually reveal all info and they'll tear you off every opportunity they get.

Company: Waterfield Bank
Country: USA
State: Oregon
City: Clackamas

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