New Bank Offers

Citizens Access Drops CD rates
May 3, 2019

CitizensAccess has dropped its 6-month and 1-year CD rates.   The new rates are 2.20% and 2.70%, respectively.   The 1-year rate has gone from being the best CD rate available nationally to being not competitive.  See the best 1-year CD rates here.

Synchrony Slashes CD Rates
May 1, 2019

Synchrony Bank has dropped all of its CD rates.   Its previously competitive one-year CD has fallen from 2.80% to 2.70%.   All other CD rates have been dropped by 10 to 15 basis points to render them no longer among the most competitive. 

Colorado Federal Savings Bank Lowers CD Rates
Apr 17, 2019

Colorado Federal Savings Bank raised their CD rates to some of the highest available online rates last month, but has now lowered them.   They are still competitive, but not as attractive as they were recently.  Their 1-year CD now yields 2.80% APY and has a 3-month early withdrawal penalty.

American Express National Bank offers new CD rates
Mar 25, 2019
American Express National Bank  offers higher CD rates :
18 Month CD to 2.70% APY from 2.60% ;
36 Month CD to 2.90% APY from 2.75% ;
24 Month CD to 2.80% APY from 2.70% and
48 Month CD to 3.00% APY from 2.80% .

Learn more here.


Live Oak Bank Drops All 1 to 5 Year CD Rates
Mar 20, 2019

Live Oak Bank has dropped all of its CD rates immediately after the Fed move.   Live Oak had been the first to offer a 1-year CD at 2.85% in December 2018.   They have now moved off that level.

Colorado Federal Savings Bank Raises CD Rates
Mar 15, 2019

Colorado Federal Savings Bank has raised its CD rates so that it is now offering extremely competitive rates on 1-year CDs, 3-year CDs and 5-Year CDs.   Those who follow the space will note that Colorado Federal Savings had been competitive previously.   Their early withdrawal penalties are attractive (3 months' interest on a 1-year CD and 6 months' on terms longer than 1 year) and well displayed on their site. 

Sallie Mae raises Online Money Market Rate from 2.20% to 2.30%
Mar 4, 2019

Sallie Mae has raised its online money market rate from 2.20% to 2.30%.   

Live Oak Raises Online Savings Rate from 2.25% to 2.30%
Feb 23, 2019

The pace of savings rates increases has slowed, but Live Oak has just raised its online savings rates by 5 basis points.

IGoBanking Raises Money Market Rate to 2.40%
Feb 5, 2019

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.

BBVA Compass raises 12 Month CD to 1.90% APY
Jan 29, 2019
BBVA Compass raises 12 Month CD to 1.90% APY from 1.85% and 18 Month CD to 2.20% APY from 2.10%. $500 minimum opening deposit required.
Also, BBVA Compass is offering 2.35% APY ClearChoice Money Market for new customers (on line). $25  minimum opening deposit . Must maintain a minimum daily Collected Balance of $10,000.

Learn more here.