Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Rate Changes, Deals and Promotions

Atlantic Coast Bank Cuts Reward Checking Rate

Monday, August 15, 2011 - 1:19 PMAtlantic Coast Bank - Details
Atlantic Coast Bank cut the top rate of its reward checking account (iKasasa Cash) today from 3.01% to 2.01% APY. The balance cap remains the same at $15,000. The portion of the balance over $15,000 earns 0.50%.

Below is the account's rate and balance cap history over the last three years:
  • 08/15/11: 2.01% APY up to $15K; 0.50% over
  • 11/01/10: 3.01% APY up to $15K
  • 08/01/10: 3.01% APY up to $25K; 0.75% over; 0.05% base
  • 11/19/09: 3.25% APY
  • 06/27/09: 3.50% APY
  • 12/31/08: 4.00% APY
  • 07/09/08: 5.08% APY up to $25K; 1.00% over; 0.25% base
3
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,663
1. Monday, August 15, 2011 - 5:24 PM
Thanks, Ken.  It does not look good for RCAs, hopefully it does not become a trend.
1
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,346
2. Monday, August 15, 2011 - 5:49 PM
Thanks, Ken.  It does not look good for RCAs, hopefully it does not become a trend.

You don't already see a trend?  My estimate is that the average RCA yield is down at least 1% over the last year.  I just wonder where the bottom is.
1
dunkerdunker135 posts since
Jun 11, 2010
Rep Points: 403
3. Monday, August 15, 2011 - 8:10 PM
I am still hanging tight with a few 4%ers, once those ones drop, I will call it a quit:-)
1
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,346
Reply