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.
HSBC, the major London-based conglomerate, has relaunched an online banking product in the US. After recently being active in the US through the HSBC Advance moniker, they have opted to go back to HSBC Direct which they used in the early 2000s. Their online savings rate is 1.70% (hint: you will find better online savings rates here). You can learn more about HSBC here.