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The Bank Of Fayetteville Cuts Its Reward Checking Account Yield To 2.25%

Tuesday, December 7, 2010 - 10:07 AMThe Bank of Fayetteville - Details
The Bank of Fayetteville reduced the yield on its Smart Checking Account from 2.75% APY to 2.25% APY for balances up to $50K. At least the balance cap remains at $50K. This is one of the few banks offering a nationwide reward checking account with a balance cap over $25K.
2
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Thursday, December 9, 2010 - 7:28 PM
And I just opened an account last month... Good thing the high rate cap was kept, since that's the main reason I went there, given 10 debits. Also, their linked Smart Savings lost .25 to .75 now.

At least it was "only" .50 - not the "1.0!" that Bank of the Sierra just did (to 2.09 abruptly making them one of the lowest, plus 12 debits) or the .76 drop at Royal Banks of Mo. (now 2.49 w/15 debits).

Seems more typical of ones available nationally at some point.  Hoping my local-only holds at 3.04 (w/10 debits). 

But maybe all RCAs will soon be <3. 

Very close to becoming not worth the debit requirement.
1
ekatekat74 posts since
Jan 22, 2010
Rep Points: 238
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