New Bank Offers

Ivy Bank Is Now Offering 0.85% APY With a $2,500 Minimum Deposit
May 6, 2022

Dollar Savings Direct Boosts Online Savings Rate from 0.35% to 0.75% APY
May 6, 2022

Emigrant Direct's subsidiary is back.


Citizens Access Raises Its Savings Rate - Going from 0.50% to 0.75% APY
May 6, 2022

The increase follows an earlier increase from 0.40% to 0.50% APY.


Bask Raises Its Online Savings Rate to 1.25%
May 5, 2022

This is the point where long-time account holders of Bask's AAdvantage program may want to start to seriously thinking about switching over the cash interest.


Comenity Direct Raises Online Savings Rate to 1%
May 3, 2022

By tomorrow anything less than 1% in an online savings or money market account will be insulting.


American Express Personal Savings Raised to 0.60% APY
Apr 28, 2022

This represents a 10 basis point increase of its previous rate.  It has also increased its CD rates and its 1-year is now at 1.00% APY.


Marcus Raises Online Savings Rate to 0.60% APY, and Also Raises Its CD Rates
Apr 22, 2022

Marcus became more competitive overnight, raising their savings rate by 10 bps.   It also raised its no penalty CD to 0.75 APY.  The CDs are especially attractive versus its major competitors with its 5-year online CD at 2.15% APY and its 2 and 3 year CDs at 1.60 APY.  We however urge caution around the CDs, except the No Penalty ones that can be broken without penalty after 2 weeks.  Online rates are heading much higher soon and you can already purchase US Treasury of the same duration with higher yields.


Sallie Mae Bank Raises Its Online Money Market Rate to 0.65% APY
Apr 18, 2022

The bank also modestly increased its CD offerings.


First Foundation Bank Raises Online Savings Rate to 0.65% APY
Apr 13, 2022

First Foundation Bank is raising its online savings rate to 0.65% from 0.50% today.


Bask's Interest Savings Account Rate is now 0.80% APY
Apr 2, 2022

Bask raised its interest savings account rate from 0.70% to 0.80% APY.