Monday, January 3, 2011 - 7:58 AMSouthern Community Bank & Trust
Ken reported in his Jan. 2 weekly summary that Southern Community Bank and Trust has cut their interest rate on their ME Banking RCA account from 3.0% to 2.25%. The new rate shows on the bank's web site as being effective Jan. 1, 2011. The other features of the account appear to have remained unchanged, including its $25,000 balance cap and monthly requirement of at least 10 debit card transactions. Better than 3.0% RCA accounts are dropping like flies...
The bank's interest rates chart for the ME Banking account and others is located here: