Citizens Access has finally done what the other major online banks have done - to recognize that interest rates are moving up - and begun to move its online savings rate higher.
The rate had previously been 0.55%.
CFG has raised its online savings rate from 0.63 to 0.70% APY, making it one of only about 5 or 6 banks to over over 0.70%.
Its 13-month No Penalty CD rate was also raised to 0.80% APY. See all No Penalty and special term CD rates here.
Comenity Direct has raised its online savings rate from 0.60% to 0.75% APY. As of today, this is the highest nationally available online savings product available with a small initial deposit or small balance ($100 is the minimum).
Comenity Direct has also raised its online CD rates, and its one-year product now stands at 1%, but requires a $1,500 minimum. Compare online CD rates here.
Ivy Bank has raised its online savings rate.
Live Oak Bank has raised its online savings rate by 10 basis points to 0.60% APY.
Barclays has raised its online savings rate by 5 bps. It isn't much, but it puts them ahead of the other most recognized names in online banking.
Comenity Direct is fairly well reviewed on BestCashCow and they are the latest bank to raise their online savings rate by 5 bps.
Amex has raised its Personal Savings rate from 0.40% to 0.50% APY today.
The bank had lowered its rate from 0.65% to 0.60% last month, and has now brought it back to 0.65%.
The rate, which is good for balances from $2,500 to $250,000, is the highest nationally available online rate for balances under $100,000 at the moment.