TIAA / Everbank has lowered its performance savings rate from 4.75 to 4.40% APY today.
The rate is no longer among the most competitive online savings rates.
Everbank has a troubling customer service history and has had to toggle between branding itself as TIAA and as Everbank over the last 20 years as both brands are heavily impaired in the market.
Bask Bank has lowered its online savings rate from 4.65% to 4.50% APY.
Brio Direct Bank has lowered its online savings rate from 4.85% to 4.71% APY.
The rate still ranks among the top online savings rates, but Brio Direct has consistently been rated by BestCashCow's users as having the absolute worst customer service of any online bank.
Bank 5 Connect, formerly an online savings rate leader, lowered its online savings rate from 4.95% APY to 4.60% APY today.
Ivy Bank today lowered its online savings rate by 40 bps today from 5.00 to 4.60% APY.
Lending Club has lowered its savings rates today. Its LevelUp savings rate was lowered from 5.00% to 4.75% APY, and its online savings rate was lowered from 4.00 to 3.75% APY.
It order to qualify for the LevelUp rate, a depositor must automatically deposit at least $250+ per month into their account.
BMO Alto has lowered its online savings rate by 15 basis points to 4.45% APY this morning.
Total Direct recently lowered its online money market rate from 5.11% to 5.01% APY. The account requires a $25,000 minimum.
Bread dropped its savings rate from 4.75% to 4.65% APY this morning.
They have also lowered their 6-month CD rate to 4.70% APY.
The slow drip-drip-drip continues from a bank that was aggressively raising its rates this time last year.
BMO Alto has dropped its CD rates again.Their 6-Month CD rate now stands at 4.50% APY and their 12-month rate is 4.30%.