Thursday, December 15, 2011 - 10:09 AMFirst Community National Bank
Regretably, it looks like this member of the 4% club is a short-timer.
A CSR at one of the branches told me the cap will change from $25k to $10K effective 1/1/12. The rate is also expected to change at that time although the new rate is not known yet. Also, existing accounts will not be grandfathered, so opening the account by year end will not exempt an accountholder from the cap drop.
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