Last week CIT Bank introduced a new product to their lineup: The CIT Money Market Account with a 1.75% APY. With this move, CIT has leapt to the top of the leaderboard to tie the previous money market leaders: Redneck Bank and All America Bank. CIT has left the APY on their Premier High Yield […]
Salem Five Direct raised the rate on its eOne Savings Account to from 1.5% to 1.85% APY for newly-opened accounts. Previously-existing eOne Savings Accounts will retain the previous rate of 1.5% APY. With this move Salem Five Direct has matched the 1.85% APY earned by CIT Bank’s 11-Month, No-Penalty CD. The main advantage of the eOne Savings […]
On March 7, 2018, Live Oak Bank raised rates on all of their CDs except their 1-Year CD, which they left at 2.1%. The most noteworthy increase was on the short end where they had a 30 basis point increase in their 6-month CD from 1.65% to 1.95%. Other CDs were raised by only 5 […]
On the morning of March 2, 2018, CIT Bank raised the APY on their 11-Month, No-Penalty CD to 1.85% from 1.55%, further cementing their rate leadership. The next-best competing product is Ally Bank’s no-penalty, 11-month CD that currently yields 1.5% for deposit amounts of $25K or higher. This new 1.85% rate leapfrogged the previously-best, nationally-available […]