siftswift

Today, May 24th, 2018, CIT Bank raised the rate on their Money Market Account from 1.75% to 1.85%, thereby placing it near the top of nationally-available rates for liquid deposit accounts and at parity with CIT’s own 11-Month, No-Penalty CD, which also has a 1.85% APY. This rate increase applies both to newly-opened and existing […]

In early May 2018, Ally raised the rate on the $5,000-to-$24,999.99-deposit tier of their 11-month, no-penalty CD from 1.25% to 1.5%.  This change makes that middle-tier rate the same as the $25K+ tier rate, effectively forming a new, larger $5K+ tier that earns 1.5%.  Unfortunately, this change doesn’t do enough to make that tier compelling. […]