Synchrony has lowered its online savings rates by 5 bps to 0.60% APY.
It has also adjsuted most of its CD rates lower.
Salem Five has lowered their online savings rate from 0.80% to 0.61% APY today.
TAB is the latest bank to drop its savings rate.
First Foundation Bank has lowered its online savings rate from 1.00% APY to 0.75% APY today.
The British bank is a leader down, not up, in US online savings rates.
Capital One has dropped their savings rate to 0.50% APY from 0.65% APY. This is a dramatic fall for a product that was offered at 1.50% APY at the beginning of the summer.
Synchrony has lowered its online savings rates from 0.75% APY to 0.65% APY overnight.
Purepoint was the most competitive online bank when they entered the market two years ago with great savings, CD and No Penalty CD rates. Now the savings rate is 0.40% APY and CD rates are no higher than 0.25% APY. If you are still attacted to the No Penalty CD product, you can get 0.15% APY on a 11-month or 0.10% APY on a 13 or 14-month product.
Ally has lowered its online savings rate from 0.80% APY to 0.60% APY.
CitizensAccess is lowering its online savings rate to 0.60% APY on September 25th.