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Valley Bank RCA Drops From 1.01%APY To 0.31%APY Effective 1/1/13

Sunday, December 30, 2012 - 8:49 AMValley Bank - Details
The cap on the My LifeStyle checking account remains unchanged at $15k.

Yes, that is a total interest of $3.57/mo (as long as the account is kept at the max) earned by meeting the requirements of 12 transactions. 
2
pearlbrownpearlbrown1,436 posts since
Nov 2, 2010
Rep Points: 6,264
1. Sunday, December 30, 2012 - 5:03 PM
Where's the R in this CA??? Ridiculous!
2
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
2. Sunday, December 30, 2012 - 6:33 PM
Darkdreamer, I was underwhelmed myself.  It just doesn't seem worth the effort.  In this case the R should probably stand for Really Reduced, but that would make the account My LifeStyle (Really Reduced) Checking Account and that just doesn't have the same ring to it.  =)

On the other hand, look at the bright side.  If you meet the requirements you can then also earn 0.35% on unlimited balances in the associated My LifeStyle Savings account. 

Bank of SealyPosturepedic time!

 
1
pearlbrownpearlbrown1,436 posts since
Nov 2, 2010
Rep Points: 6,264
3. Sunday, December 30, 2012 - 6:39 PM
I can get 3x as much at other banks for unlimited balances sans the extra hoops...
2
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
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