CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.
Barclays is the first of the major online banks to drop its rate so low.
American Express has lowered their Personal Savings interest rate from 1.00% to 0.80% APY.
Ally has lowered its owline savings rate today from 1.00 to 0.80% APY.
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.