Newtown Savings Bank Changes U-Sweep To Esavings With Lower Rate

Newtown Savings Bank has changed its U-Sweep account to a savings account called eSavings. The rate dropped from 1.40% APY to 1.30% APY.

There used to be no limitation on the number of withdrawals, but now that it's a savings account, it has the typical 6-per-month limitation.

Refer to my account review for the rate history.

Hat tip to the reader who mentioned this news in the comments.