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6.00% Checking Account Promo at a Florida Bank - $10K Min

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Old Southern Bank is offering a 6.00% APY (5.84% interest rate) on its Investment Checking Account. It requires a minimum of $10K. The rate is guaranteed through March 15, 2007. Unlike a money market account, this checking account allows unlimited monthly transactions. If the average balance falls below $10K, the rate falls to 0.50% and a monthly fee of $25 is charged. Account is for individuals and sole proprietors only.

This special checking account is available only at the bank's Clermont and Orlando, Florida offices.

Old Southern Bank is a new bank that has just been FDIC insured since this April.

Comments
3 comments.
Comment #1 by Pamala (anonymous) posted on
Pamala
REF: Old Southern Bank in Clermont and Orlando, Florida (6% APY Investment Checking)
This offer is not available via mail, via internet or to individuals that are not within the banks servicing areas.

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for checking on this.

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
The rate has dropped to 5.25% APY for new accounts as of October 14th.

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