I decided to open a high-yield savings account online...

Then they called and stated my application is approved, asked if I had any questions, then informed me that I wouldn't start getting the "high yield" unless I deposited _thousand dollars.

*I am sure the number is legit, it's the same number on the website.
*I can distinguish between a real and a fake website.

Nowhere on the website does it state that I must have _thousand dollars in the savings account before I can benefit from it being high-yield. In fact, it says "no minimum required" and there is no asterisk (*) next to it.

I wouldn't have a problem if that information was listed on the website, but since it was not, it seems a bit dishonest.
I think I'm going to shut it down.

Your thoughts?

DreamyCrush · F

I opened this type of account early last month and no one has called me. That would definitely raise a red flag. Did you check the reviews on this bank first? I check on the account regularly to make sure my dollars are still in there.