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3 recent reviews
Sun Cities Financial Group
Posted on 9/15/2020
From an OC Register Ad we had an appointment with Dan Lahey of Sun Cities Financial.
Mr Lahey stated that he would place $15K into a 6 mo CD at 3.25% APY (.9% bank rate + 2.35% bonus ) at AXOS Bank.
He then placed the money into a money market account instead of a CD, and no bonus.
Axos Bank denies such a bonus exists.
We are now trying to get the money refunded.
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Posted on 6/28/2019
They lied and wasted my time.
A few years ago, I responded to their ad about a CD. I think they stated that they had many banks to deal with. But at the appointment, he only had one, and he said I didn’t qualify since I already had a bank account with that bank, Bank of Internet. Last week, I responded to another of their high interest (4.8) CD ads and scheduled an appointment with Michael McMahon. But when I saw some very negative reviews on the internet, including that their advertised rates are only on $15,000, I called him back. He stated that this interest rate was not limited to $15,000, because they deal with thousands of banks. (Their ad states $15,000 as the minimum.)When I went in, he reiterated thousands of banks but immediately started talking about an annuity. I love annuities but sell them to myself, so I switched back to the CD. I turns out that of the thousands of banks, there’s only one that the ad applies to, and that happens to be the same bank from a few years ago, namely Bank of Internet (recently changed its name to Axos Bank), with whom I no longer have an account. But the maximum deposit is $15,000! So their “over 6,000” banks comes down to one, and their minimum $15,000 turns out to be a maximum of $15,000. Total waste of my time!
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