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Both Rate And Cap Decrease

Thursday, June 16, 2011 - 2:29 AMCommercial Bank and Trust - Details
Just checked the statement today and was shocked by 2 findings:

1. The rate we earned for the month just closed was 3.77% instead of the 4.09%.  This was not communicated anywhere (they usually post on the statement but not for this drop). - Very disappointing practice!

2.  A note on this statement states that the new rate will be 3.09% on the maximum of $15k (instead of $25k).
3
ninissniniss59 posts since
Sep 22, 2010
Rep Points: 153
1. Thursday, June 16, 2011 - 7:59 AM
Thanks for alerting us to this change. Sorry to see the rate and balance cap cuts.

I was just informed that the new $15K tier will take effect on July 15, 2011.
1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,664
2. Sunday, July 31, 2011 - 5:33 AM
Thanks for alerting us to this change. Sorry to see the rate and balance cap cuts.

I was just informed that the new $15K tier will take effect on July 15, 2011.


Ken - your rate table still shows $25k cap.  Maybe you should update them.
1
ninissniniss59 posts since
Sep 22, 2010
Rep Points: 153
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