Thursday, February 9, 2012 - 4:28 PMNorthstar Bank of Texas
Northstar Bank (TX) will be dropping RCA rate from 3.01%/30K to 2.25%/20K effective 3/22/12. I received a letter today.
0.50% APY remains the same on daily balances more than 20K
0.10% APY remains the same on the entire balance when minimum monthly qualifications are not met.
6 posts since
Jun 11, 2010
Rep Points: 19
1. Thursday, February 9, 2012 - 4:39 PM
Thanks, that is a big drop in rate/limit. At least they are nice to give advance notice.
Soon we will count down the (3%, $25K) RCA club members.
1,461 posts since
Jan 16, 2010
Rep Points: 6,351
2. Thursday, February 9, 2012 - 4:44 PM
Also effective 3/22/12, on Velocity Saver accounts, which is the other component of Velocity Checking, the balance cap to earn the highest rate remains unchanged for daily balances of $20K. The rate, however, is changing from 1.5% APY to 1.0% APY on balances of $20K or less. On balances above $20K, the rate remains unchanged at 0.5% APY.
I give kudos to Northstar Bank for continuing to give advance notice of changes to their accountholders.
1,356 posts since
Nov 2, 2010
Rep Points: 5,955