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State Bank of Toledo Cuts Reward Checking Balance Cap to $25K

Tuesday, January 19, 2010 - 1:51 PM
State Bank of Toledo's reward checking account had a $70K balance cap for over two years. They have just cut it to $25K. So their top rate of 2.51% APY now only applies to balances up to $25K. The portion of the balance over $25K earns 1%.

This is yet another way banks can reduce the interest they pay on reward checking accounts. Refer to my account review for more details.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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