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.
Synchrony has lowered its online savings rates from 0.75% APY to 0.65% APY overnight.
Purepoint was the most competitive online bank when they entered the market two years ago with great savings, CD and No Penalty CD rates. Now the savings rate is 0.40% APY and CD rates are no higher than 0.25% APY. If you are still attacted to the No Penalty CD product, you can get 0.15% APY on a 11-month or 0.10% APY on a 13 or 14-month product.
Ally has lowered its online savings rate from 0.80% APY to 0.60% APY.
CitizensAccess is lowering its online savings rate to 0.60% APY on September 25th.
Lowered from 0.75% today. What else did you expect from Emigrant Bank?
Amex has dropped its online savings rate by 20 basis points again.
Live Oak has lowered its savings rate from 0.85% to 0.70%.
Marcus has lowered its online savings rate from 0.80% to 0.60% today.
CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.