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First Arkansas Bank & Trust - FirstNet Checking - 4.44% APY, 50K Cap - Open to All Archived From: Finance

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alert mods    
   posted: Mar. 20, 2008 @ 3:40p

DreamR2I said:I was thinking of opening another AAFCU a/c. But don't think it's worth pursuing anymore...
Website still shows 6.01% APY. What am I missing? Is there a rate change?


alert mods    
   posted: Mar. 20, 2008 @ 4:23p

Yes, and there just was another downgrade. Got the email today. Time to switch over to EverBank's 4.51 promo. And I just got everything setup with the charity donations and started feeling good about myself:

In light of recent interest rate changes, your FNBO Direct Online Savings Account is now earning 3.25% APYš.

Hmmm... Looks like I read the FNBO email and thought it was FAB&T sending it


alert mods    
   posted: Mar. 22, 2008 @ 5:52p

I meant, AAFCU may follow suit and reduce their rate as well...

stfs said:DreamR2I said:I was thinking of opening another AAFCU a/c. But don't think it's worth pursuing anymore...
Website still shows 6.01% APY. What am I missing? Is there a rate change?


alert mods    
   posted: Apr. 5, 2008 @ 5:50p

glxpass said:First Arkansas Bank & Trust (FABaT) - FirstNet Checking
This is a reward checking account, open to all, with a 50K cap on earning the 4.44% APY. Balances over 50K will earn 1.76% APY. Note: the APY was 6.06% with no cap, but this changed effective 2/5/2008. Account holders prior to 2/5 will earn 4.44% APY, but be grandfathered in with no cap, at least until June, 2008. Credit goes to Bank Deals for this post.

WHo got the original notification that no cap would be instituted by the bank? Can I get a copy of that message? I never had over 50k in the account, but a CD of min eis Maturing and I will have around 110k in there after next month...

Thanks


alert mods    
   posted: Apr. 5, 2008 @ 6:57p

PorStaker said:glxpass said:First Arkansas Bank & Trust (FABaT) - FirstNet Checking
This is a reward checking account, open to all, with a 50K cap on earning the 4.44% APY. Balances over 50K will earn 1.76% APY. Note: the APY was 6.06% with no cap, but this changed effective 2/5/2008. Account holders prior to 2/5 will earn 4.44% APY, but be grandfathered in with no cap, at least until June, 2008. Credit goes to Bank Deals for this post.

WHo got the original notification that no cap would be instituted by the bank? Can I get a copy of that message? I never had over 50k in the account, but a CD of min eis Maturing and I will have around 110k in there after next month...

Thanks
For me, I think I received the information from a phone conversation. I don't recall receiving any messages documenting this.


alert mods    
   posted: Apr. 8, 2008 @ 5:33p

Just got an email with new terms, As of June 3rd $50k+ 1.76


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