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Monday, December 13, 2010 - 11:14 AM
Independent Bank (TX) RCA Drops To 3.01%APY From 4.01%APY, Other Changes Effective Immediately
Independent Bank TX (0 stars) - DetailsEffective 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.
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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