Synchrony Bank has dropped all of its CD rates. Its previously competitive one-year CD has fallen from 2.80% to 2.70%. All other CD rates have been dropped by 10 to 15 basis points to render them no longer among the most competitive.
Colorado Federal Savings Bank raised their CD rates to some of the highest available online rates last month, but has now lowered them. They are still competitive, but not as attractive as they were recently. Their 1-year CD now yields 2.80% APY and has a 3-month early withdrawal penalty.
Live Oak Bank has dropped all of its CD rates immediately after the Fed move. Live Oak had been the first to offer a 1-year CD at 2.85% in December 2018. They have now moved off that level.
Colorado Federal Savings Bank has raised its CD rates so that it is now offering extremely competitive rates on 1-year CDs, 3-year CDs and 5-Year CDs. Those who follow the space will note that Colorado Federal Savings had been competitive previously. Their early withdrawal penalties are attractive (3 months' interest on a 1-year CD and 6 months' on terms longer than 1 year) and well displayed on their site.
Sallie Mae has raised its online money market rate from 2.20% to 2.30%.
The pace of savings rates increases has slowed, but Live Oak has just raised its online savings rates by 5 basis points.
IGoBanking has raised its online money market rate to 2.40%. The rate requires a $25,000 minimum balance. IGoBanking is a division of Flushing Bank which also operates BankPurely.
Those with over $25,000 at Ally may find its 11-Month No Penalty CD to be more attractive and that rate remains at 2.30%.