HSBC has dropped its onine savings rate to 1.30% APY. The rate may not be available in all states.
Amex Lowered its online savings rate from 1.50% APY to 1.30% APY this morning.
Discover Bank has lowered its online savings rate from 1.40% APY to 1.25% APY this morning.
CitizensAccess's online savings rate was lowered from 1.50% to 1.30% APY this morning. It CD rates were also lowered by 20 basis points. Its 1-year CD rate now stands at 1.30% APY while its 11-month No Penalty CD now stands at 1.15% APY.
Marcus, a division of Goldman Sachs, has lowered its online savings rate to 1.30%.
Banks and credit unions are now permitted to allow customers to make unlimited withdrawals from their savings and money market accounts. Banks are not required to suspend enforcement of the 6-transaction limit.
Live Oak has lowered is savings rate from 1.75% to 1.55% APY.
Citizens Access has lowered its online savings rate from 1.70% to 1.50%. The account continues to require a $5,000 minimum balance to earn this rate.
Amex has lowered its Personal Savings rate by 10 basis points to 1.60% APY. The rate remains very competitive and has held up better than the online rates of many of Amex's competitors.
Synchrony also cut its CD rates. 1-year is now 1.50% APY and 5-year is now 1.65% APY.