[TX only] Affiliated Bank 4.05% APY On Balances Up To $50,000

Oh right the feds told them to reduce it from $30k to $15k. Give me a break that’s on them.

The $30K 4% was available for months. You should have gotten the deal earlier rather than acting entitled about a deal.

I don’t think it has anything to do with acting entitled. I disliked how Orion played this deal. I opened 4 of these accounts with them at varying times. The last one I opened was in the month right before they reduced the number of accounts from unlimited to one but the girl never said a word to me about it. Granted she might not have known, but I think they all knew. But they got a lot of money in for whatever reason they needed it at the time so it worked for them. Also (as they gambled) many of the new customers were complacent and left their money in even when they dropped the rate by 1% on the single account RCA you were now allowed and reduced the max. limit to half. I guess that worked for some, but there are too many accounts similar to this (actually better in that they don’t require a $500.00 DD each month and include POS as well as signature based charges) and are with CU’s and banks displaying a much better stability. Needless to say, after getting the notice of the change – which I do commend Orion for doing this as they didn’t have to – I closed my last remaining account with Orion right after I received the interest that month. They were always nice, it’s just their good deal went south fast and tuned into what was not a good deal for me.

It’s Orion’s right to change rates any time but they probably should have closed application to new accounts before they change the rates and cut limit. So people don’t get a hard pull and get the rates and limit cut the next day.

Great, thanks.

I did those 2 things on Monday. thumperstain how long did it take you from e-signing before they opened your account? Just curious how long to wait.

Still pending, did them on Tuesday. Oddly, P2 followed the same timeframe and was opened within hours of completing the email steps. We even sent the documents to the same person, just separately.

thumperstain Thanks for the reply. I just had $100 removed from my bank by them so I assume my account is open today and I should receive communication about it shortly. 🙂 🙂 🙂

Same here. See the debits for funding but never got any communication. P2 did and it mentioned the account number in the docs we signed is all that’s needed to setup online banking. I guess it’s done.

I opened and never got a reply. The account info was on the signing page. Debit card arrived within a week.

thumperstain ATM card arrived in the mail yesterday. Getting closer. 🙂

I didn’t mean to come across as a know-it-all and I shouldn’t have said anything, but it struck me so odd that it seemed to be rather important to be able to use $1.00 Amazon reloads 12 times as the debit fulfillment requirement when this is such a sweet deal why try to penny pinch it so hard. But it is strictly none of my business and I’m sorry I commented on it.

As to a bank or CU making their rules, of course they do, they are a business and they do what they consider best for their interests at the given time and everyone knows that. As to what you refer to as gaming them, I guess that applies to both parties as both sides are looking out to get the best deal out there they can. Banks have all kinds of ways to make money off of you to stay in business and they have to make a profit to do so, but which some of the tricks they have are way over the top.

As I said, I have had RCA’s for years. I’ve had accounts with one credit union for over 9 years and the max. balance and the APY has not changed in all those years. The other credit union I have been with for over 11 years and the max balance is the same but the rate has dropped a half a point (but we’re talking ELEVEN YEARS here. They are both good deals though and they’re both well established, stable with a good rating institutions. So yes, I have had good luck with that, thanks

What 2 banks have you had for that long?

i upvoted both your comments, and you have no reason to apologize. you hit the nail on the head. they intend this to be your primary account, and im sure that there are analytics from the bank done on a regular basis, by how many dc transactions were done by their customers, and the average $ amount of the transaction, and whether their business model is “working” based on that and the interest rate they are paying…. people STILL continue to ruin a good thing. WHY dont you people use this as your primary account? use it for your daily purchases. i get why you dont use it for very large purchases, you dont want to give up what you get in credit card rewards. but you are losing sight of the fact of what you are getting in monthly return on this account, is FAR greater than what you are getting for your smaller purchases of $100 or less (yes i did the math), when will the people ever learn? and i’m the one who shared this bank with doc’ers… wish i hadnt. and i dont even live in texas, so i’m not eligible, but i actually wish doc’ers would use these reward accounts for their primary account and make a couple $100 in purchases on the thing per month. $200 on a 5% card only gives you $10 cash back…. can you not forgo $10 for this account that pays you 4% on $50,000 which is $167 per month??? why are you screwing a bank who is being so good to you? and you wonder why banks pay such crap rates, because it does no good to be good to customers, they wont appreciate it. i wont be posting any more 4% accounts that i find to DOC. i will still post one time bonuses, but no more 4% accounts. yall dont treat it right, and this is why we cant have nice things.