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City National Bank Cuts Reward Checking Rate To 0.75%

Wednesday, December 15, 2010 - 5:59 AMCity National Bank - Details
The top rate of City National Bank's reward checking account fell from 1.05% to 0.75% for all balances.

It looks like the lack of a balance cap and its nationwide availability were too much for this small bank. The 0.75% rate is now less than the second-tier rate of several reward checking accounts.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634