Synchrony cut its online savings rate from 1.05% to 0.75% APY today.
Barclays has slashed 20 basis points off of its savings rate.
Synchrony has dropped their 1-year CD rate from 0.90% to 0.75% APY. A 5-year CD is now 1% APY. There are no circumstances where someone should be locking into a 5-year CD at 1%.
Ally has lowered its online savings rate 1.00% APY.
CIT Bank has lowered its money market rate from 1.06% to 1.00% APY.
Live Oak Bank has lowered its online savings rate from 1.15% to 1.00% APY today.
Citizens Access is lowering its online savings rate to 1.00% APY, effective tomorrow.
Sallie Mae Bank has dropped its money market rate to 0.99% APY today. All of its CD rates for terms between 1-year and 5-year is now 0.95% APY.
Dollar Savings Direct has made its 5th 10 basis point rate drop this month, leaving its online savings rate at 1.00% APY.
CIT has lowered its money market rate to 1.06% APY. This rate is still higher than the Savings Builder rate which now stands at 1.01% APY.