Live Oak has lowered its online savings rate again, effective June 10, 2021.
Prime Alliance Bank, a small Utah-based bank that has been competitive in the online savings (money market) space over the last year, has lowered its online savings rate from 0.60% to 0.50% APY.
The bank has lowered their online savings rate by 10 basis points from 0.60% APY.
This is now the highest nationally available 1-year CD rate. We are just beginning to head in the right direction.
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).