Redcapital Reviews

Red Capital may be a scam The website advertises Certificates of Deposit CDs with extremely high APYs that seem unrealistic compared to market rates When it s too good to be true Clicking a link on the site redirects to Raisin com a legitimate financial platform but this appears to be a tactic to lend credibility to their site Their Facebook page includes reviews supposedly from customers but the photos appear to be stock images or from people with different names raising doubts about their authenticity The people leaving glowing reviews here on Trustpilot only have one review as of 11 18 2024 and it s for Red Capital There are too many red flags Proceed with extreme caution Edit I just checked the footer on their website and as of yesterday or today they ve removed all references to their supposed bank partners including Thread Bank and Community Federal Savings Bank This happened right after I reported them Why You already know the answer

I invested 40 000 in a 7 41 12-month CD in October 2024 It was not an intuitive process and I needed assistance several times I m actually not stupid just FYI I waited for confirmation which didn t come for several weeks Then out of nowhere and with no notice the 40 000 was redeposited into my bank account on December 24 two days ago I asked what had happened and was told that I should invest again on their new platform I m just not comfortable doing that Red Capital has been neither transparent nor communicative and I m just glad I got my money back I just wish I d also received my 2 months of interest My response to Red Capital The only person I ever spoke with was Charlotte When I missed a call from her I called her back I check my spam folder once or twice a day and did not receive any emails from Red Capital nor did I receive any texts or voicemails When I realized I couldn t do the full 50 000 I told Charlottes I understood my interest rate would be lower She told me Red Capital was okay with keeping it at the higher rate I never asked for that and I was surprised at the offer I m glad you have a new platform but I m not interested in trying again Thank you