Thursday, January 31, 2013

TD Bank is immoral

I want to express my OUTRAGE at two recent actions by TD Bank.
  1. Support for US gun manufacturer Smith & Wesson
  2. An increase in interest rates by TD Visa from 21.5% to 22.99%
How in the name of humanity can TD justify supporting the manufacture of weapons in the light of almost daily fatal shootings?
TD Visa has been making huge profits for many years because of exorbitant and controversial interest rates.  Especially in this time of record low interest rates from the Bank of Canada, this cruelly victimizes those people who have unwisely and perhaps necessarily accumulated some credit card debt.  And now they are increasing the rates!!!???  This is criminal usury.
I have been a loyal customer of TD for more than 20 years and have more than a million dollars invested there but I cannot stomach the fundamental immorality of these decisions.  I am investigating moving my money elsewhere.