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news item on Atlanta bank
from:
[http://netday.iworld.com/news1.shtml]
[email protected]
"CyberBank" Opens for Business
[October 18] -- Atlanta Internet Bank reports its
cyberdoors are open for business as the world's first
Internet-only bank.
Currently available to AT&T WorldNet Service
subscribers, Atlanta Internet Bank's initial products
include interest-bearing checking accounts, direct
deposit, electronic bill payment, account transfer
capability, and ATM cards.
The bank has announced the launch of its "anytime-
anywhere" service with special interest rates on
money market accounts. For a limited time, Atlanta
Internet Bank is offering 7% interest (annual
percentage yield of 6.18%) on NetVantage money market
accounts to WorldNet subscribers.
"This is the beginning of a new era in financial
services," said Atlanta Internet Bank President Don
Shapleigh. "We're using bits and bytes instead of
bricks and mortar and passing the savings on to our
customers. This will allow us to maintain very
competitive rates after the introductory
rate offer expires."
Future services planned by the new bank include loan
products, brokerage services, IRA accounts, and
credit and debit cards.
"Atlanta Internet Bank has taken a giant step into
the electronic commerce marketplace," said Jeffrey
Feldman, AT&T's Advanced Network Solutions vice
president. "AT&T's Advanced Network Solutions team
firm believes that banks and other financial service
providers will win customer loyalty by offering their
own branded, electronic environments that deliver
real value to end users--just as Atlanta Internet
Bank has demonstrated."
Atlanta Internet Bank's services are provided through
Carolina First Bank, Greenville, S.C., a wholly owned
subsidiary of Carolina First Corporation.with
multiple providers to achieve our strategic goals."
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