Capital One has cut its online savings rate from 1.00% to 0.80% APY.
Marcus by Goldman Sachs's new OSA rate is 0.80% APY.
Synchrony cut its online savings rate from 1.05% to 0.75% APY today.
Barclays has slashed 20 basis points off of its savings rate.
Synchrony has dropped their 1-year CD rate from 0.90% to 0.75% APY. A 5-year CD is now 1% APY. There are no circumstances where someone should be locking into a 5-year CD at 1%.
Ally has lowered its online savings rate 1.00% APY.
CIT Bank has lowered its money market rate from 1.06% to 1.00% APY.
Live Oak Bank has lowered its online savings rate from 1.15% to 1.00% APY today.
Citizens Access is lowering its online savings rate to 1.00% APY, effective tomorrow.
Sallie Mae Bank has dropped its money market rate to 0.99% APY today. All of its CD rates for terms between 1-year and 5-year is now 0.95% APY.