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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.

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.