First Lockhart National Bank Lowers Rates And Increases Transactions

csmith77
  |     |   12 posts since 2016

Effective September 16, 2020 the debit card transaction qualifying limit will revert to 15 on Kasasa accounts and 10 on the Rewards account. This change will be reflected on your October statement cycle.

Also, at this time the annual percentage yield for Rewards Checking, Rewards Savings, Kasasa Cash and Kasasa Saver have been adjusted to the following:

Account Type Tier Daily Balance Range Interest Rate Annual Percentage Yield

Kasasa Cash Tier 1 Below $25,000.00 2.029% Equal 2.05%

Tier 2 Equal to or greater than $25,000.00 0.493% Range from 2.05% to 0.50%

Kasasa Saver Tier 1 Below $100,000.00 0.549% Equal to 0.55%

Tier 2 Equal to or greater than $100,000 0.250% Range from 0.55% to 0.25%

Rewards Checking Tier 1 Below $15,000.00 1.045% 1.05%

Tier 2 Equal to or greater than $15,000.00 0.250% Range from 1.05% to 0.25%

Rewards Savings Tier 1 Below $50,000.00 0.549% Equal to 0.55%

Tier 2 Equal to or greater than $50,000.00 0.250% Range from 0.55% to 0.25%

These rate changes are effective August 17, 2020. All other terms on the Kasasa and Rewards Accounts will remain the same.



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