i don't know if it's been discussed here before but City National Bank of Taylor (that's in Texas btw) has what seems to be a pretty good offer on interest bearing internet checking account (no credit card offered if you live outside of Texas - and - also - don't apply for overdraft protection - it's has high fees attached) The checking account offer however is quite amazing: Judge for yourselves - info from their site - www.cnbt.com. NetAdvantage Checking Account Earn 4.15% APY on our NetAdvantage Account. No minimum balance. No monthly service charge. Rate as of October 3, 2001. Learn more about the NetAdvantage Account in our FAQ. Rate Information: This account is an interest bearing account. The interest rate and annual percentage APY will depend upon the daily balance in the account as shown on the Rate Chart provide with the disclosures. The interest rate and annual percentage APY may change. At our discretion, we may change the interest rate on the account. Interest begins toaccrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is paid you will not receive the interest. Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Limitations: You must deposit $100.00 to open this account. Available to Personal Accounts only. No minimum balance. No limit on the number of checks written per month. No checks returned to customer in monthly statement (truncated checks) Minimum Monthly Activity: Interest will not be paid without this minimal monthly account activity. (4) Visa Check Card Transactions (Excluding ATM transactions) Monthly Account Statements will be delivered electronically at City National's secure website. You agree to provide a valid email address to City National and agree to receive periodic email from City National Bank. ------------------- Any opinions? Mark LA Â
Hehe good one kb I was actually thinking of closing my umbrella bank savings account - their interest rates have fallen to 2.40% (from 3.01% when I first opened it) and transfer the money to cnbt. According to the site - the interest has remained the same for the past 2 years. anybody have an account with them?
