Do I need to switch banks?

[sadie1958]

As someone else said - switching banks is work. In addition, if you have your credit cards with the bank and wish to change those your credit score will take a hit. The length of current accounts impacts FICO. Just ignore the guy, or go to another branch if that is an option. Annuities = commissions for the sellers. With the higher interest environment that is likely coming up, locking you in to a low % investment as rates rise would be great for the bank.

Exactly.

 

[Imalifecoach]

The problem is that they assume 1) they know more than you, and 2) because you are an older woman, they know a LOT more than you. I am often approached by bank employees offering to set up a meeting with their “personal bankers”. And I always say no— because, TBH, With almost 40 years’ experience managing my finances and the ability to research online, I don’t see that their “personal banker” (usually a teller who got a promotion) can really add any value.

And to the point someone made about being willing to talk as an invitation to be sold to....fair point. But there is a world of difference between selling and being insulting and rude. If you want to stay with that bank, just avoid that person or change branches.

 

[Paulz]

I would immediately move to a credit union....and for heavens sake, stop having these meetings with salesmen. If you can't research it on your own, then its not a good fit for you.

 

[mickeyd]

Well he didn’t want to take no for answer.

Of course not. He's a salesman! Ask him if he is a fiduciary. If he says anything but yes, tell him that is a deal breaker.