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|Frost Launches One-of-a-Kind Hybrid Online Spending and Saving Account|
'FROST MOMENTUM' CUSTOMERS CAN EARN 'BRAGGABLE' INTEREST RATES, MANAGE THEIR MONEY WITH INNOVATIVE NEW TOOLS
SAN ANTONIO, July 28 /PRNewswire-FirstCall/ -- Frost, one of the largest and longest-serving Texas-based banking organizations, today launched an innovative online spending and saving account called Frost Momentum that gives customers easy-to-use tools to manage their total finances, while rewarding them with higher interest rates as they use their debit cards for day-to-day transactions.
"At a time when people are looking for new ways to make their money go farther, our Frost Momentum account can help them save and spend more wisely," said Bobby Berman, Frost group executive vice president of E-commerce. "Frost Momentum puts a Frost customer's financial picture into clearer focus because it's a unique hybrid account that brings savings and spending together for greater ease, convenience and organization to personal money management."
Consumers can find traditional money management software and Internet-based resources complicated to use and time-consuming to download, access and master. But the Frost Momentum account's tools are easily understood and will empower consumers to create personalized folders for their savings goals and allow them to earmark funds to meet them. Funds are easy to follow month-to-month with a specially designed, visual budget tracking tool. Frost Momentum also provides account holders low balance alerts electronically.
An account that can be opened and funded at http://www.frostbank.com/momentum, Frost Momentum is a paperless and highly secure resource for today's consumers who want detailed analysis of their accounts that is readily accessible.
"The Frost Momentum account's debit rewards feature gives customers the chance to boost their interest rate by doing something they already do -- use their debit card," says Ericka Pullin, project marketing manager and Frost senior vice president. "The more customers use their debit card, the higher the interest rate they receive -- on all funds in their Frost Momentum account, whether they've been designated for saving or spending. Though opened and funded online, we invite Frost Momentum customers to access our financial center and ATM network throughout Texas, and to call telephone customer service, where we answer our phones personally and someone will be available to help with any questions or concerns."
Consumers can learn more about Frost Momentum and open an account at http://frostbank.com/momentum.
Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company headquartered in San Antonio, with assets of $13.7 billion as of June 30, 2008. The corporation provides a full range of business and consumer banking products, investment and brokerage services, insurance products and investment banking services. Frost operates more than 100 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost is one of the largest banking organizations headquartered in Texas, with a legacy of helping Texans with their financial needs during three centuries. For more information, visit http://www.frostbank.com.
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