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SGFI Direct Lowers Its Online Savings Rate
Feb 20, 2020

SGFI Direct has lowered its online savings rate from 1.91% APY to 1.86% APY.

BMO Harris Drops Money Market Rate to 1.85% APY
Feb 20, 2020

Bank of Montreal Harris has been aggressively trying to move into the US online banking system with offers that are available only in certain states.    That rate offered by BMO has been lowered now from 1.95% APY to 1.85%.

Quontic Slashes Online Money Market Rate
Feb 20, 2020

Quontic Bank had been very competitive with its money market rate for deposits holding at 2.05% APY until now.   However, it has now slashed that rate to 1.76% APY.

Synchrony is the Latest to Drop Their Online Savings Rate
Jan 15, 2020

Synchrony Bank has lowered their online savings rate to 1.70%.   Unlike many of their competitors - such as Purepoint, Marcus, Citizens, Ally - Synchrony is not offering a No Penalty CD as a savings alternative.   Check No Penalty CD rates here.

My Savings Direct Lowers Online Savings Rate to 1.80% APY
Jan 7, 2020

My Savings Direct has lowered its online savings rate to 1.80% APY.   The Emigrant Direct subsidiary's rate is now a far cry from where it peaked at 2.50% in the Spring of 2019.

Ally Lowers Online Savings Rate to 1.60%
Dec 21, 2019

Ally has lowered its savings rate to a decidedly uncompetitive 1.60% APY.   A better bet is its 11-month No Penalty CD which is now 1.85% APY.

Brio Direct Lowers Online Savings Rate to 2.10% APY
Dec 12, 2019

Brio Direct, a division of Sterling National Bank, has lowered its online savings rate from 2.20% to 2.10% APY.   This is the most recent is a series or quick and successive rate drops at this bank.   While the rate is still very competitive, this bank is so poorly reviewed on BestCashCow that depositors may want to think twice before chasing their savings rate.

CFG Bank Lowers Money Market to 2.25% APY
Dec 12, 2019

CFG Bank has lowered its money market rate for balances over $25,000 from 2.30% to 2.25% APY.  The rate remains the best online savings or money market rate nationally available in the US.  You may however find higher rates at banks and credit unions near you.

CFG Bank has also slightly lowered all of its CD offerings.   Its 12-month, 18-month and 60-month offerings now stand at 2.15% APY, 2.33% APY and 2.60% APY, respectively.


My Savings Direct Lowers Online Savings Rate to 1.90% APY
Dec 5, 2019

My Savings Direct, a division of Emigrant Direct, has lowered its online savings rate from 2.00 to 1.90% APY.   While the rate is still competititve, it feels like we are a long way from this past summer with this bank topped out at 2.50% APY.

Synchrony Lowers Savings rate from 1.90% to 1.80% APY
Nov 27, 2019

Synchrony held their online savings rate above its competitors for a while, but has now lowered it to 1.80%.