Friday, August 30, 2013 - 1:22 PMMy Banking Direct
After holding steady since June 2012, MyBankingDirect has cut its money market account APY from 1.05% to 0.80% for balances of over $5,000.
The same change applies to AmTrustDirect. Both MyBankingDirect and AmTrustDirect are under New York Community Bank.
I'm sorry to see this cut. After holding steady for so long, I had hopes that it would continue. It's another example how rare it is for any bank to be a rate leader over the long run.
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