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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.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Monday, January 11, 2010 - 2:16 PM
I can confirm this...got 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.

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AnonymousAnonymous2,282 posts since
May 9, 2010
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