We had $200,000 to invest in a short term CD so after a couple of phone calls I scheduled an appointment with a representitive at their office. After waiting in the lobby for over a 1/2 hour past my scheduled appointment and watching another client ahead of me walk out I asked the receptionist what was going on. She contacted the representitive who I found out was not even in the office yet, he then called my cell phone telling me our appointment was 1/2 later then it actually was. I even had an email from him comfirming our appointment prooving I was correct.
He finally showed up over 1/2 hour late and did not even apologize, so we sat down in his office for a bit to go over our options on the 6 month CD and a 12 month CD which had a much lower rate, so since we were running late for another appointment I asked him to shop the 12 month CD and get back to me in a couple of days. He never called me back so I contacted their Los Angeles office on Wilshire Bl and spoke with another Rep. he said since I live in Orange County he would have a Rep from their Laguna Hills contact me which needless to say never happened either.
The only thing that impressed me was that they are located in a fancy hi-rise building on the 17th floor, however it looked like to me they only have 1 person at each location in a tiny office that could be cleared out in a matter of minutes. According to their testimonials on line they have many satisfied customers which I am sure is true, but what I experienced first hand, there is no way I would enable this establishment to handle my nest egg.
My wife and I have been doing business with Sun Cities Financial for over 2 years and we feel that the people there have always been very helpful in finding us great returns. Thank you for the great CD and annuity rates you found us. We are thankful to have found them to work with and we have referred friends to Sun Cities Financial ever since.
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!
Sorry to hear you had an unfavorable experience, we would be happy to help you in any way we can. We look at banks for the highest rates and sound financials. There are thousands of banks, and when a client comes in we show them the highest rate we have at that time. We do not show all the bank rates, we show the best or highest. When client comes back in, if we are using the same bank, we will offer an attractive rate to stay in the account, but usually not advertised rate. We and the bank want our customers coming back. The banks objective is to gather customers, we don’t tell them “they don’t qualify anymore or they can’t make a deposit.” Several banks have different minimums and maximums, but we can guarantee a $15,000 deposit as our Ad states. The Customer was shown the highest bank rate we had the day he came in to the office, which was the advertised rate. Sometimes we find higher rates than advertised, maybe with a different or same term and we offer these rates to our customers when they come in.
Sun Cities Financial Group Reviews
We had $200,000 to invest in a short term CD so after a couple of phone calls I scheduled an appointment with a representitive at their office. After waiting in the lobby for over a 1/2 hour past my scheduled appointment and watching another client ahead of me walk out I asked the receptionist what was going on. She contacted the representitive who I found out was not even in the office yet, he then called my cell phone telling me our appointment was 1/2 later then it actually was. I even had an email from him comfirming our appointment prooving I was correct.
He finally showed up over 1/2 hour late and did not even apologize, so we sat down in his office for a bit to go over our options on the 6 month CD and a 12 month CD which had a much lower rate, so since we were running late for another appointment I asked him to shop the 12 month CD and get back to me in a couple of days. He never called me back so I contacted their Los Angeles office on Wilshire Bl and spoke with another Rep. he said since I live in Orange County he would have a Rep from their Laguna Hills contact me which needless to say never happened either.
The only thing that impressed me was that they are located in a fancy hi-rise building on the 17th floor, however it looked like to me they only have 1 person at each location in a tiny office that could be cleared out in a matter of minutes. According to their testimonials on line they have many satisfied customers which I am sure is true, but what I experienced first hand, there is no way I would enable this establishment to handle my nest egg.
Great Experience
My wife and I have been doing business with Sun Cities Financial for over 2 years and we feel that the people there have always been very helpful in finding us great returns. Thank you for the great CD and annuity rates you found us. We are thankful to have found them to work with and we have referred friends to Sun Cities Financial ever since.
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!
Sorry you had an unfavorable experience
Sorry to hear you had an unfavorable experience, we would be happy to help you in any way we can. We look at banks for the highest rates and sound financials. There are thousands of banks, and when a client comes in we show them the highest rate we have at that time. We do not show all the bank rates, we show the best or highest. When client comes back in, if we are using the same bank, we will offer an attractive rate to stay in the account, but usually not advertised rate. We and the bank want our customers coming back. The banks objective is to gather customers, we don’t tell them “they don’t qualify anymore or they can’t make a deposit.” Several banks have different minimums and maximums, but we can guarantee a $15,000 deposit as our Ad states. The Customer was shown the highest bank rate we had the day he came in to the office, which was the advertised rate. Sometimes we find higher rates than advertised, maybe with a different or same term and we offer these rates to our customers when they come in.