Marcus has lowered its online savings rate.
Citizens Access is lowering its online savings rate to 0.50% APY this weekend. The rate had previously stood at 0.60% APY.
A nice move from an online bank that was the rate leader until earlier this year.
Synchrony has lowered its online savings rates by 5 bps to 0.60% APY.
It has also adjsuted most of its CD rates lower.
Salem Five has lowered their online savings rate from 0.80% to 0.61% APY today.
TAB is the latest bank to drop its savings rate.
First Foundation Bank has lowered its online savings rate from 1.00% APY to 0.75% APY today.
The British bank is a leader down, not up, in US online savings rates.
Capital One has dropped their savings rate to 0.50% APY from 0.65% APY. This is a dramatic fall for a product that was offered at 1.50% APY at the beginning of the summer.