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Legend Bank (TX) New RCA Name, Lower Rate (2.02%,$10K) To (1.5%,$10K)

Friday, November 23, 2012 - 8:29 AMLegend Bank - Details
In addition to lowering the rate, the bank has apparently moved away from the Kasasa brand and resume using its original name for the RCA.  Kasasa Cash and Saver are now called Ultimate Checking and Ultimate Saver. 
pearlbrownpearlbrown1,485 posts since
Nov 2, 2010
Rep Points: 6,454
1. Friday, November 23, 2012 - 10:23 AM
I cannot understand why anyone would go to all the trouble involved with RCAs when they can get 2% or a bit more at a multitude of banks and credit unions for a 5 year CD?  This way one has the rate locked in and you don't have to jump over hoops to keep it.  Does anyone really think interest rates are going up before 5 years??  Doesn't look like it to me and if they do, we can pay the EWP and go someplace else.  Frankly, I have never had any bank or cu refuse to return my deposit as long as I pay the EWP which I know can be steep these days.  Some just seem to love having even more than one RCA.  Beats me.
paoli2paoli21,406 posts since
Aug 10, 2011
Rep Points: 6,150