Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (996)	10/20/1998 1:29:00 AM
From: Ron Kline	Respond to of 2414

"I suppose the lower interest rate for the NetValue checking accounts must off set any added resources required to maintain such accounts." Yep I thought about that also, but then realized that there is no real reason to make a demand on amount of cash when they have some of the highest rates in the US. What it means is you get a large amount of people and the ones with the most cash will have no reason to pull them out to another bank. The key is getting funds and the more people you can attract the better. I know that the $10,000 limit for free checking was the only item that made me hesitate to open an account. If I saw that announcement today I'd be signing up in a minute. Well next Q. earnings should tell the correct story but I am betting that it was a good move to do what they did. Ron