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First Community National Banks RCA Change Effective 1/1/12 To Cap And Rate

Thursday, December 15, 2011 - 10:09 AMFirst Community National Bank - Details
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. 

pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
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