New Bank Offers

Colorado Federal Savings Bank Raises CD Rates
Mar 15, 2019

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 raises Online Money Market Rate from 2.20% to 2.30%
Mar 4, 2019

Sallie Mae has raised its online money market rate from 2.20% to 2.30%.   


Live Oak Raises Online Savings Rate from 2.25% to 2.30%
Feb 23, 2019

The pace of savings rates increases has slowed, but Live Oak has just raised its online savings rates by 5 basis points.


IGoBanking Raises Money Market Rate to 2.40%
Feb 5, 2019

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.


BBVA Compass raises 12 Month CD to 1.90% APY
Jan 29, 2019
BBVA Compass raises 12 Month CD to 1.90% APY from 1.85% and 18 Month CD to 2.20% APY from 2.10%. $500 minimum opening deposit required.
Also, BBVA Compass is offering 2.35% APY ClearChoice Money Market for new customers (on line). $25  minimum opening deposit . Must maintain a minimum daily Collected Balance of $10,000.

Learn more here.

 


Ally increases its online savings rate from 2.00% to 2.20%
Jan 17, 2019

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 Raises Savings Rate to 2.35%
Jan 14, 2019

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 Raises Online Savings Rate from 2.10% to 2.25%
Jan 9, 2019

Live Oak Bank has raised its online savins rate to 2.25%.


HSBC Direct raises online savings to 2.22% APY
Jan 7, 2019
HSBC Direct raises online savings to 2.22% APY from 2.05%.
HSBC Direct Savings can only be opened online. ATM/Debit card is not available for this product.
Balances for an HSBC Direct Savings account are accurate as of 1/7/2019: 2.22% APY on balances of less than $15,000, 2.22% APY $15,000 or more but less than $50,000, 2.22% APY $50,000 or more but less than $100,000 and 2.22% APY $100,000 or more. APYs are variable and subject to change after opening. Charges and fees may reduce earnings. Account is not available to business customers.

Learn more here.

 


Ablebanking drops all of its CD rates
Jan 5, 2019

Ablebanking, a division of North East Bank, has dropped its one-year CD rate from 2.90% to 2.60%, its two-year CD rate from 3.20% to 2.65%, its three-year from 3.30% to 2.75% and its four-year from 3.40% to 2.80%.  It is a surprise to see a bank lowering any CD offerings in the current environment, but they have probably done you a favor: Ablebanking's review on this website have been awful.