CIT Bank has raised its Savings Builder rate to 2.45%. The Savings Builder account requires either a $25,000 minimum deposit, but can also be opened with as little as $100 with the rate extended each month that you add over $100 to the account each month.
Barclays has increased its online savings rate to 2.20%, matching Synchrony's move yesterday. Barclays remains beneath the most competitive online banks.
Sallie Mae Bank has raised its 1-year online CD rate to 2.85%. Their CDs have a $2,500 minimum and have a 3-month early withdrawal penalty should you need to withdraw your money before maturity.
Synchrony has raised its online savings rate to 2.20%.
VirtualBank's eMoney Market rate has been raised to 2.36% APY.
CIBC Bank USA has raised its online savings rate to 2.39%. The account may be opened online with a $1,000 deposit and has a $0.01 minimum to maintain free of fees.
Ally's 13-Month No Penalty CD rate on deposits over $25,000 is now 2.30%. The No Penalty CD may be opened online, and closed online at any point after one week without penalty. Ally usually offers this product at a premium and often raises this rate faster than its raises its savings rate (see our discussion on No Penalty CDs here).
Marcus has raised its 13-Month No Penalty CD rate to 2.25% APY. Since the rate is 20 basis points above Marcus's online savings rate and the account may be closed at any point after one week without penalty, this product offers an easy way to boost your savings rate.
Purepoint has raised their one-year CD rate to 2.80% from 2.60% today. The rate requires a minimum deposit of $10,000, and is still below the best online one-year CDs. Purepoint's one-year CDs have a 181-day early withdrawal penalty which is higher than that on one-year CDs from Barclays Bank Delaware, Ally Bank, Live Oak and others.
My Savings Direct, a division of Emigrant Bank, has raised their online savings rate to 2.40%. This is currently the best online savings rate available nationally.