CIT has raised its online savings rate to 2.15% today for accounts over $25,000 or for accounts over $100 so long as you also transfer in $100 each month. Those customers already in CIT money market accounts may be able to convert to this new rate.
Ally Bank has raised its online savings rate to 1.90% on all balances. Those with more than $25,000 to deposit will find Ally's 11-Month No Penalty CD at 2.10% to be more compelling.
Marcus, the online bank owned by Goldman Sachs, has raised all of its online CD rates this morning. While all rates have been raised, their one-year rate is now at 2.55% which is one of the highest online one-year CDs available.
Editor’s Note: Marcus is an advertiser on BestCashCow. Please read our Advertiser Disclosure here.
Radius Bank has raised its high yield savings rate on balances over $25,000 from 1.86% to 1.96%. Compare all online savings rates here.
Canadian Imperial Bank of Commerce (CIBC) is offering a 15-month CD special at 2.68%. This rate is attractive compared to 18 month online CDs and depending on where you live you may not find a local 18-month CD rate this high. You'll need to get to a CIBC Bank branch to take advantage of this offer and unfortunately those are only in WI, IL and MI.