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Ally has lowered its savings and money market rates from 3.20% to 3.10% APY.  This marks the second 10 basis point decline in the last two months.

Ally has also lowered its 11-month No Penalty CD by 10 basis points to 2.80% APY.

For over a decade until less than two years ago, Ally had offered the the most competitive online savings and no Penalty CD rates.   Its rates currently sit below those its peers.

ETrade has lowered its online savings rate.

ETrade's online savings account, offered through Morgan Stanley Private Bank, has recently become one of the largest online banks.

Ivy Bank has lowered its online savings rate by another 15 basis points from 4.00% to 3.85% APY.

ETrade's rate has been lowered from 3.50% APY to 3.35% APY.

The account, offered through Morgan Stanley, has grown to be one of the largest online banking accounts in the US, but has also now become incrementally less competitive over the last several months.

Jenius Bank has suspended its operations and is no longer accepting new deposits.

The rate which previously stood at 3.50% has been lowered effective 1/23/2026.

Ivy Babk has lowered its online savings rate by 10 basis points.

ETrade has lowered its online savings rate by 25 basis points.

Morgan Stanley, through its ETrade subsidiary, has quietly become online of the largest online banks by offering a better rate on uninvested cash than its major online banking competitors.

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Ivy Bank has lowered its online savings rate by 10 basis points.

The bank so far remains very competitive throughout this entire rate cycle.

Citizens Bank has lowered its online savings rate by 20 basis points today.