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Southern Bank Missouri Now 4.01% (Was 5.01%) NO COURTESY NOTIFY TO CUSTOMERS

Friday, December 2, 2011 - 6:50 PMSouthern Bank - Details
Was nationwide, now Missouri & Arkansas only.

Their website says "Rates as of November 1, 2011".  My calculations show it was still 5.01% through November, so do not know if the webpage is wrong or if accounts were grandfathered at the previous rate.

Quote:
"*Reward rate 4.01% Annual Percentage Yield (APY) paid on balances between one penny and $15,000, and 0.75% APY paid on the portion of the balances above $15,000 each cycle the qualifications are met."

Kasasa Cash Checking Account | Poplar Bluff - Dexter | MO | Jonesboro - Paragould | AR | Southern Bank

The only reason a bank would not courtesy notify their customers of a rate change is so the bank can take advantage of those who do not pay attention.
7
waywardwayward49 posts since
Feb 17, 2011
Rep Points: 144
1. Saturday, December 3, 2011 - 6:45 AM
It is about time this last 5% member dropped their rate.  4% is not bad; the $15K is not that great.
3
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
2. Sunday, December 4, 2011 - 8:34 AM
Good thing I checked here.

I am subscribed to alerts on this bank through Depositaccounts.com, but never received an email alert?
3
bksavingsbksavings12 posts since
Sep 24, 2011
Rep Points: 40
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