Interest Rate 3.5% to 0.5% no notice. Goodbye US Bank.
I have a business savings account with US Bank where we keep our cash on hand. The account has been earning 3.5% interest since late last year. I understand the rate is variable but when I logged in I couldn't believe it had dropped to 0.5%!
No email or anything. Our balance hasn't dropped below the $100k tier for the 3.5% rate a single time. I enjoyed banking with US Bank as much as anywhere but I'm going to have to move on.
TL;DR 3.5% to 0.5% overnight no notice
u/cuqanon — 14 days ago