Countybank Cuts Its Reward Checking Rate to 4.01% and Reduces Availability

Countybank lowered its reward checking account rate from 4.75% to 4.01% APY. Also, its online application is now only accepting zip codes from South Carolina. I first reported on Countybank in May 2009. At that time it was offering 4.75% APY nationwide. They slowly cut back the availability. First to be excluded was the Westcoast. Then it was reduced to just 5 Southeast states. Now it appears to be just South Carolina. Refer to my review for the full details.

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