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Jeff Davis Bank To Drop Rate On Kasasa Cash From 4.01% APY To 3.25% APY Effective 9/29/11, Cap Unchanged

Wednesday, August 24, 2011 - 1:44 PMJD Bank - Details
Effective September 29, 2011

New Kasasa Cash structure

3.25% APY for balances at or below $10,000 that qualify

0.25% APY for balances above $10,000 that qualify

0.10% APY on all balances that do not qualify

New Kasasa Saver structure

1.25% APY for balances at or below $15,000 that qualify

0.25% APY for balance above $15,000 that qualify

0.10% APY on all balances that do not qualify
5
WhataBummerWhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,702
1. Wednesday, August 24, 2011 - 4:59 PM
Thanks!

There was a time that all 5% RCAs disappeared over a six-month period; hopefully this is not a start of disappearance of all the 4% club members. 
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
2. Wednesday, August 24, 2011 - 5:40 PM
Sad to say, it looks like the 4%'ers are now an endangered species and will likely become extinct soon. 
1
pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,247
3. Wednesday, August 24, 2011 - 11:43 PM
I got an RCA with Jeff Davis, but before I funded it they dropped the cap to $10K.  At that small a cap, it wasn't worth the effort, so I closed the account.  Now at 3.25%, it's really not worth the effort.
1
dunkerdunker136 posts since
Jun 11, 2010
Rep Points: 409
4. Thursday, August 25, 2011 - 3:49 AM
I got an RCA with Jeff Davis, but before I funded it they dropped the cap to $10K.  At that small a cap, it wasn't worth the effort, so I closed the account.  Now at 3.25%, it's really not worth the effort.
I agree.  I'm thinking if i should move the money out of there soon.
1
ninissniniss59 posts since
Sep 22, 2010
Rep Points: 153
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