Is a bank account or branch manager able to give higher interest rates on CDs to preferred clients?
Can an account manager or branch manager of your bank give you higher interest rates on savings or CDs (Certificates of Deposit) if you are a preferred client? For instance, if a long time client who held funds at the bank for a long time was thinking of moving their funds to a different institution would the manager have the authority to match the other bank's rates?
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