The pace of savings rates increases has slowed, but Live Oak has just raised its online savings rates by 5 basis points.
IGoBanking has raised its online money market rate to 2.40%. The rate requires a $25,000 minimum balance. IGoBanking is a division of Flushing Bank which also operates BankPurely.
Those with over $25,000 at Ally may find its 11-Month No Penalty CD to be more attractive and that rate remains at 2.30%.
Citizens Access has raised it savings rate to 2.35%.
It has also increased its one-year CD rate to 2.85%.
Both rates are among the most competitive listed on BestCashCow.
Live Oak Bank has raised its online savins rate to 2.25%.
Ablebanking, a division of North East Bank, has dropped its one-year CD rate from 2.90% to 2.60%, its two-year CD rate from 3.20% to 2.65%, its three-year from 3.30% to 2.75% and its four-year from 3.40% to 2.80%. It is a surprise to see a bank lowering any CD offerings in the current environment, but they have probably done you a favor: Ablebanking's review on this website have been awful.
Today, Marcus raised its 13-month No Penalty CD rate by 10 bps to 2.35% and its online savings rate by 20 bps to 2.25%.
Purepoint has raised its online savings rate to 2.35%. BestCashCow has received reports that customers of Union Bank in California are being offered bumps on this of 10 to 15 bps.