TL;DR Most recently, on the morning of March 2, 2018, CIT Bank increased the APY for their no-penalty 11-month CD product to 1.85% from 1.55%, further solidifying their rate leadership. Their initial salvo was on November 8th, 2017, when CIT Bank raised the APY on its no-penalty 11-month CD product from 1.45% to 1.55%. This challenged the […]
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 […]
Update on March 2nd, 2018: CIT Bank has leapfrogged the Dollar Savings Account by increasing the rate on their 11-Month, No-Penalty CD to 1.85%. As a no-penalty CD, it can be thought of as a liquid savings vehicle that just requires more effort to withdraw funds. You can read more about CIT’s No-Penalty CD and […]
Update on March 2nd, 2018: CIT Bank has leapfrogged All America Bank’s Mega Money Market account by increasing the rate on their 11-Month, No-Penalty CD to 1.85%. As a no-penalty CD, it can be thought of as a liquid savings vehicle that requires more effort to withdraw funds. You can read more about CIT’s No-Penalty […]
Update on February 15, 2018: Be aware that Coinbase has now prevented customers from adding any new credit cards to their accounts. Purchases through cards already associated with your account should still work. I’ll start out by just answering the question posed in the title of the post and then shift gears to get […]
Ally Bank previously had a 1.75% APY promotion for the top tier of its no-penalty CD which ended on January 2nd, at which time the rate returned to 1.6%, which was still better than CIT’s no-penalty CD rate of 1.55%, so long as you were investing at least $25K. Unfortunately, Ally has again lowered the […]
Just a quick reminder to holders of the popular personal or business version of the Costco Anywhere Visa® Card by Citi that, beginning January 25, 2018, these cards no longer charge a foreign transaction fee. Previously the fee was 3%. It’s always nice to have more options for cards with both no annual fee […]