WINSTON-SALEM, N.C., June 3 /PRNewswire-FirstCall/ -- BB&T today said
it has introduced a new deposit account package designed for nonprofits and
public entities.
The Earnings2 Checking package offers unlimited transactions, an
earnings credit on balances to offset fees, and monthly interest payments
for:
-- Large nonprofit organizations with a high volume of transactions and/or
treasury services usage; and
-- Large public entities such as cities, counties and states as well as
government-based agencies such as airport authorities and school
districts
"Our new Earnings2 Checking package is a specialized full-service
checking product for both high transaction volume public institutions and
nonprofits," said Christine Figueredo, commercial product manager for BB&T
Deposit Services. "It offers convenient and automated liquidity with earned
interest on excess balances and an earnings credit based on the client's
average balance to offset any fees."
As a deposit rather than an investment, Earnings2 Checking accounts are
federally insured up to $100,000 "and public-fund collateralized accounts
are based on individual state requirements," Figueredo said. Interest is
calculated monthly. Clients will receive monthly deposit statements and are
also eligible for a more detailed monthly account analysis.
With $136.4 billion in assets, Winston-Salem, N.C.-based BB&T
Corporation (NYSE: BBT) is the nation's 14th largest financial holding
company. It operates nearly 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at
http://www.BBT.com .
SOURCE BB&T Corporation
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Related links:
http://www.BBT.com
http://www.prnewswire.com/comp/809325.html /
CONTACT:
Christine (Chris) Figueredo, Vice President,
Deposit Services, +1-704-954-1915, or Jeff Nichols, Vice
President, Corporate Communications, +1-336-733-1472, both of
BB&T Corporation
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