Monday, December 13, 2010 - 11:14 AMIndependent Bank (McKinney, TX)
Effective sometime in January (likely after the January qualification period close), the following changes will take place:
1. The RCA rate will drop from 3.01%APY to 4.01%APY.
2. The RealSaver account rate will drop from 2.5%APY to 2%APY.
Caps will remain unchanged (25K on the RCA, 25K on the RealSaver).
However, effective immediately only one RCA and one RealSaver is allowed per SSN. Existing accountholders with multiple accounts are grandfathered in.
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