Coulee Bank Is Cutting Its Nationwide Reward Checking Rate to 3.33%

Coulee Bank announced that it'll be cutting the rate on its nationwide reward checking account on February 1st from 4.04% to 3.33% APY. It's another casualty of this awful low interest rate environment. I first reported on Coulee in 2007 when it was paying 6.01% APY on its reward checking (see review).

Thanks to the readers who mentioned this rate cut in the comments.