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Upcoming Rate Cuts On Optimum Checking At Old Florida National Bank

Monday, January 27, 2014 - 10:11 AMOld Florida National Bank - Details
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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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