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Patriot Bank Cutting Balance Cap on Its Reward Checking Account

Tuesday, March 2, 2010 - 7:21 AMPatriot Bank - Details
Patriot Bank reward checking customers have reported receiving an email informing them that the maximum balance that can qualify for the top rate will be falling from $50K to $35K effective 3/10/2010. Patriot Bank was one of the few banks offering a reward checking account nationwide that had a $50K balance cap. Refer to my the Patriot Bank review for more details.

Hat tip to the readers who commented on this change.
1
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Tuesday, March 2, 2010 - 11:12 AM
Ken,

When you open the application, it has a note stating that the service area is limited to Florida; thus it is not nationally available.
1
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Tuesday, March 2, 2010 - 1:05 PM
@51hh, Thanks for catching that. Looks like this was another thing that changed. It was available nationwide last summer and a commenter verified it was nationwide as late as September. I guess it changed sometime between then and now.
1
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
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