This 10 basis point drop follows a 10 basis point drop two days ago, and 2 earlier ones within the last two weeks. Drip, drip, drip.
This is the latest rate drop in online savings rates.
This is the bank's third 10 basis point cut in less than 3 weeks. Whereas most banks make quick cuts, this Emigrant subsidiary seems to opt for something akin to water torture.
Barclays has lowered its online savings rate from 1.15% APY to 1% APY this afternoon.
Marcus has lowered its online savings rate from 1.30% APY to 1.05% APY overnight.
The 7-Month No Penalty CD that BestCashCow had recommended was lowered again to 1.00% APY.
All CDs greater than one year are now 1.10% APY, except the 5-year rate which now stands at 1.15% APY.
Goldman's subsidiary has gone from very competitive to not competitive at all in a very short period.
This Emigrant bank subsidiary has lowered its savings rate by 10 basis points for the second time in a week.
The rate had been at 1.30% APY immediately prior to this move.
Savings rates continue to fall.
CIT Bank has lowered its money market rate from 1.30% to 1.20%.
Amex has lowered the rate on its Personal Savings account.