Maximum rate is the same 1.25%, but the requirements and tiers are changing (except the 1k deposit) effective 7/1/14:
.4166 earned for 10 or more debit card p.o.s.*
.4166 earned for 1k total monthly deposits.
.4166 earned for 15 or more debit card p.o.s.* (includes the 1st 10)
*$3 minimum per transaction
No more bill pay requirement (previously 2).
Each of 4 tiers has been earning .3125% with debit tiers of 1 and 6, instead of the upcoming 10 and 15.
Here's their chart comparing the old and new:https://www.bankofinternet.com/pe...cking#Rate
Note: The direct deposit requirement has actually been any deposit (cash, check, ach). It doesn't sound like that's changing. Their notice said, "...direct deposits (not including intra-bank transfers from another account) totaling $1,000 or more each month will earn .4166%..."
They sent a detailed email 5/30 on changes to the Agreement & Disclosures. I thought they applied to June, but noticed it's effective July 1st. I always appreciate when management notifies clients, and especially well in advance.