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Bank2 Reward Checking Rate Cut Scheduled for February

Sunday, January 10, 2010 - 10:19 AM
A reader reported receiving a letter from Bank2 which announced some unfortunate changes for February 8, 2010: Top rate scheduled to drop from 5% to 4% APY, and the cap is scheduled to fall from $25K to $15K. It's disappointing, but they did keep their guarantee to keep the 5% rate through 2009. This was a great deal when I first posted on it last March when it was available nationwide. The nationwide availability didn't last long. By May it was limited to Oklahoma residents.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Monday, January 11, 2010 - 2:16 PM
I can confirm the letter today...4.01% to first $15k; 1.01% on balances thereafter. They are offering a "Great Rate checking/savings combo", the savings account will earn 2.01% to the first $35k, and 1.01% thereafter.

12 check card transactions-from 10

1 Direct Deposit

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AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,952