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Nicolet Bank Changes RCA Cap And Qualification Cycle

Thursday, March 28, 2013 - 8:59 AMNicolet National Bank - Details
The following changes are effective April 1, 2013: 

1) The Real Reward Checking account is changing from (3.0%, $25k) to (3.0%, $15k). 

2) The qualification cycle is changing to begin on the last business day of the month through the business day before the last business day of the month.    The bank will also begin producing the monthly statements on the last business day of the month starting in March.  Because of the change, all accounts will automatically qualify for the higher interest rate for the March month end statement. 

The bank has updated its website to reflect the new cap, but the details of the account continue to show the prior effective date of 6/13/11. 

Kudos to the bank for notifying accountholders of the change through a notice in the statement for the cycle ending 2/13. 
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