Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Independent Bank Of Austin SSB: RCA Rate In Tables Appears Incorrect

Wednesday, January 30, 2013 - 11:47 PMIndependent Bank of Austin, SSB - Details
Ken, for the above institution, the RCA table shows the APY as 0.60% for balances up to $15,000.99.  This change appears to have been effective 1/30, with a previous APY of 1.98%.   However, the link for the bank is for Independent Bank, which has an RCA ("Free Rewards Checking") with 2.00% APY on balances up to $15,000.99. 

It's definitely confusing to have banks in the same state with similar names:   Independent Bank (TX):  headquartered in McKinney, Independent Bank of Texas:  headquartered in Irving, Independent Bank of Austin, SSB. 

Which figure / link is correct for Independent Bank of Austin SSB?
pearlbrownpearlbrown1,485 posts since
Nov 2, 2010
Rep Points: 6,454
1. Thursday, January 31, 2013 - 5:43 AM
Thanks PB, It appears this Independent Bank of Austin is now part of this Independent Bank.

The website address redirects to The FDIC's history feature isn't working right now so I can't get the history details.

So we will probably delist the rates for Independent Bank of Austin and redirect visitors to Independent Bank
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708