Synchrony's online savings rate was raised today from 4.50% to 4.75% APY, making it the highest yielding savings offer of the major online banks.
Forbright raised its 1-year CD rate from 5.50% to 5.65% this morning.
Compare all 1-year CD rates here.
Bask Bank has raised its interest savings rate from 4.85% to 5.00% APY.
Bask's mileage savings program now offers 2.50 AA miles per year per dollar on deposit, and offers a 20,000 point bonus for $50,000 on deposit for more than 180 days.
First Foundation Bank has raised its online savings rate to 5.00% APY. The rate had previously stood at 4.85%.
First Foundation Bank has been a consistent rate leader since the Fed began raising interest rates in early 2022.
Compare all online savings rates here.
Milli Bank, a new division of First National Bank of Omaha, is now offering 5.25% to those willing to bank through a mobile app.
Discover has raised its OSA to 4.15% APY this morning from 4.00%.
Fitness Bank has raised its online savings rate to 4.50% this morning.
To get the top rate, users must record a daily average of 12,000 steps (10,000 if over 65).
CFG Bank has raised its 1-year and 18-month CDs to 5.25% APY today. The rate had previously been 5.17%.
This rate now tops the respective tables.
Depositors should be aware that these products carry 180-day Early Withdrawal Penalties which would be a heavy price to pay should you need to terminate the CD before maturity.
Valley Direct has raised its online savings rate from 4.20% to 4.50% APY today.
Valley had been very competitive as interest rates rose, and this last move comes surprisingly late, with the bank now trailing the last year's most consistent rate leaders (First Foundation Bank, Bask Bank, Ivy Bank and CIT).
Compare online savings rates here.
Among the handful of most recognized online banks, Citizens now leads in both online savings and one-year CDs.
Compare online savings rates here.
Compare one-year CD rates here.