Banks and credit unions are now permitted to allow customers to make unlimited withdrawals from their savings and money market accounts. Banks are not required to suspend enforcement of the 6-transaction limit.
Live Oak has lowered is savings rate from 1.75% to 1.55% APY.
Citizens Access has lowered its online savings rate from 1.70% to 1.50%. The account continues to require a $5,000 minimum balance to earn this rate.
Amex has lowered its Personal Savings rate by 10 basis points to 1.60% APY. The rate remains very competitive and has held up better than the online rates of many of Amex's competitors.
Synchrony also cut its CD rates. 1-year is now 1.50% APY and 5-year is now 1.65% APY.
Emigrant has dropped the savings rate offered by both of its online banking subsidiaries.
Live Oak was the last bank to offer a nationally available 2% APY CD. They have lowered the rate on that product to 1.70% APY this morning.
If you want a CD from Sallie, the rate is now 1.70% APY no matter what duration you choose.
The money market rate is now 1.50% APY.
Ally Bank has lowered its online savings rate by 10 basis points today.
Marcus has lowered all of its attractive CD rates. Your rate on new CDs from one to four years is now 1.85% APY which is hardly attractive. The 7 month no penalty CD product remains. The rate there is 1.70%. That is more attractive.