On 04/10/2009 I had a CD with Wachovia Bank mature. I was never sent notice my CD had matured as I was assured I would by a representative when I opened it. I telephoned today to inquire about the CD and was told it matured April 10th and it was automatically rolled over into a CD bearing .75%. Over $20, 000 invested in a .75% CD!!! Who in their right mind would do that? They do not inform their customers that the CD has matured and then automatically roll it over into a CD bearing a ridiculously low rate of return no one in their right mind would intentionally purchase. Also, I was not sent notice the CD had been rolled-over into a new CD. It is robbery and this the second time Wachovia has done this to me and I believe it is intentional and systematic. The practice is unethical and I would presume illegal. As I stated, this has happened to me once before with Wachovia and it cost me hundreds of dollars in interest loss and penalties as it has this time. This practice should not be allowed.