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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?
2
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
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 www.ibankaustin.com redirects to www.independent-bank.com. 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
1
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,754
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