Old Florida National Bank reps have been calling Optimum checking customers about the upcoming changes to the Optimum Checking account.As I reported last month
, the interest rate is falling. Effective March 30, 2014, the top yield will fall from 3.04% to 1.65%. All the other terms should remain the same.
Later this year around August, the Optimum Checking will be converted into the Interest Checking account which currently pays only 0.25%.
It's very disappointing.