First Missouri Credit Union Lowers Cap On 1st Reward Checking

Effective 4/1/11, the reward rate cap on 1st Reward Checking Accounts will decrease from $20,000 to $10,000.  Additionally, the interest rate on qualifying balances above $10,000 will drop from 0.75% APY to 0.50% APY.  This information was disclosed in the credit union's January 31 account statements.  There was no information regarding any changes to the current reward interest rate of 3.51% APY.