Bask continues to be a rate leader on the savings side and now offers an online rate slightly above many other well-known online banks.
Synchrony's online savings rate was raised today from 4.50% to 4.75% APY, making it the highest yielding savings offer of the major online banks.
Forbright raised its 1-year CD rate from 5.50% to 5.65% this morning.
Compare all 1-year CD rates here.
Bask Bank has raised its interest savings rate from 4.85% to 5.00% APY.
Bask's mileage savings program now offers 2.50 AA miles per year per dollar on deposit, and offers a 20,000 point bonus for $50,000 on deposit for more than 180 days.
First Foundation Bank has raised its online savings rate to 5.00% APY. The rate had previously stood at 4.85%.
First Foundation Bank has been a consistent rate leader since the Fed began raising interest rates in early 2022.
Compare all online savings rates here.
Milli Bank, a new division of First National Bank of Omaha, is now offering 5.25% to those willing to bank through a mobile app.
Discover has raised its OSA to 4.15% APY this morning from 4.00%.
Fitness Bank has raised its online savings rate to 4.50% this morning.
To get the top rate, users must record a daily average of 12,000 steps (10,000 if over 65).
CFG Bank has raised its 1-year and 18-month CDs to 5.25% APY today. The rate had previously been 5.17%.
This rate now tops the respective tables.
Depositors should be aware that these products carry 180-day Early Withdrawal Penalties which would be a heavy price to pay should you need to terminate the CD before maturity.