Live Oak has lowered it online savings rate by 5 basis points today.
This tiny little Massachusetts bank which showed signs of aiming to be nationally competitive on savings and online CDs has dropped its rates again today. Its online savings rate has fallen from 0.60% to 0.40% in two months and its short term CD rates are no longer competitive.
Comenity Direct has lowered its online savings rate by 5 basis points from 0.60% or 0.55% APY.
Amex has lowered the rate by 10 basis points this morning.
Synchrony has lowered its online savings rate to 0.50%, down 5 basis points again. It has also lowered all of its online CD rates by 0.05%, except the 5-year which remains at 0.80%.
FitnessBank has lowered its top tier savings rate from 0.70% to 0.65%. The rate is extended to those customers averaging over 12,500 steps per day (or those over 65 averaging over 10,000 steps per day).
Synchrony has lowered its savings rate by 5 bps from 0.60%.
Sallie has lowered is online money market rate by 10 basis points again.
Barclays is now a leader in lowering rates.
CFG has lowered its online savings rate by 5 basis points which is just enough so that it is no longer the highest nationally-available online savings rate in the country.