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%.
Citizens Access has raised it savings rate to 2.35%.
It has also increased its one-year CD rate to 2.85%.
Both rates are among the most competitive listed on BestCashCow.
Live Oak Bank has raised its online savins rate to 2.25%.