Yep, got mine today. I don't even use BBVA as a checking account, so I'll likely walk all my money over to BankDirect, unless they're cutting their rate also. (Anyone have a link to the thread containing rumors on that?)
Anyone else catch that BBVA asserts they can require 7 days' notice for withdrawals from these accounts??
In BBVA's defense, they've probably been losing money on these accounts for a while now. I don't know what they have to pay AA for the miles, but let's say it's $0.01/mile. In that case, they're paying 1.2% per year to keep these accounts. That's far more than the interest rates on most checking accounts these days.