New Bank Offers

Sallie Mae Raises its Online 1-Year CD Rate to 2.85%
Dec 26, 2018

Sallie Mae Bank has raised its 1-year online CD rate to 2.85%.   Their CDs have a $2,500 minimum and have a 3-month early withdrawal penalty should you need to withdraw your money before maturity.

Synchrony Raises Its Online Savings Rate to 2.20%
Dec 26, 2018

Synchrony has raised its online savings rate to 2.20%.

VirtualBank Raises EMoney Market to 2.36% APY
Dec 21, 2018

VirtualBank's eMoney Market rate has been raised to 2.36% APY. 

CIBC Bank USA Raises Online Savings Rate to 2.39% APY
Dec 21, 2018

CIBC Bank USA has raised its online savings rate to 2.39%.  The account may be opened online with a $1,000 deposit and has a $0.01 minimum to maintain free of fees.

Ally Raises No Penalty CD Rate to 2.30% on deposits over $25,000
Dec 20, 2018

Ally's 13-Month No Penalty CD rate on deposits over $25,000 is now 2.30%.  The No Penalty CD may be opened online, and closed online at any point after one week without penalty.   Ally usually offers this product at a premium and often raises this rate faster than its raises its savings rate (see our discussion on No Penalty CDs here).

Marcus Raises No Penalty CD Rate to 2.25% APY
Dec 11, 2018

Marcus has raised its 13-Month No Penalty CD rate to 2.25% APY.   Since the rate is 20 basis points above Marcus's online savings rate and the account may be closed at any point after one week without penalty, this product offers an easy way to boost your savings rate.

Purepoint Raises 1-year CD rate to 2.80%
Dec 7, 2018

Purepoint has raised their one-year CD rate to 2.80% from 2.60% today.   The rate requires a minimum deposit of $10,000, and is still below the best online one-year CDs.   Purepoint's one-year CDs have a 181-day early withdrawal penalty which is higher than that on one-year CDs from Barclays Bank Delaware, Ally Bank, Live Oak and others. 

My Savings Direct Raises Online Savings Rate to 2.40%
Dec 5, 2018

My Savings Direct, a division of Emigrant Bank, has raised their online savings rate to 2.40%.   This is currently the best online savings rate available nationally.   

Barclays Bank Delaware offers new CD rates
Dec 5, 2018
Barclays Bank Delaware offers new CD rates:
2.75% APY 3 Year CD from 2.65% ,
2.85% APY 4 Year CD from 2.75% ,
2.65% APY 18 months CD from 2.55% ,
2.70% APY 2 Year CD from 2.60% and
2.65% APY 1 Year CD from 2.55% .
No minimum opening balance or deposit required to open. Fees could reduce earning on the account. Rates may change at any time without prior notice, before the account is opened. In order to maintain an account funding must occur within 14 days of account opening. For interest to post to your account you must maintain a minimum balance that would earn you at least $0.01. A penalty may be charged for early withdrawal.
Learn more here.

CIT Raises Savings Builder Rate to 2.25%
Nov 21, 2018

CIT Bank has raised the rate on its Savings Builder account to 2.25%.   In order to get this rate, depositors must either (a) maintain a $25,000 account balance, or (b) maintain a $100 balance and deposit at least $100 in each monthly observation period.  BestCashCow has rated CIT Bank as a Best Bet for 2019 (read more here).