from: [http://netday.iworld.com/news1.shtml] news@iworld.com "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." -- to unsubscribe from cypherpunks, send to majordomo@toad.com unsubscribe cypherpunks in the message body, not the Subject: line