- GMAC Bank's Money Market Savings: 4.50% APY (used to be 4.75%)
- Countrywide's savingslink: 5.35% APY (used to be 5.50%)
- Presidential's Premier Savings: 4.60% APY (used to be 4.90%) and their Checking Plus: 3.75% APY (used to be 4.00%)
- Bank of America's DoW Money Market Savings: 4.29% APY for $10K+ tier (used to be 4.45%)
Countrywide also lowered its CD rates. The highest internet CD rate is now only 5.40% APY for a 6-month term (down from 5.65%). The yields for the 9-month and 12-month terms are now 5.30% APY and 5.20% APY (down from 5.45% and 5.65%).
To be fair to ING Direct, at least they only cut the Orange Savings Account rate by 10 basis points to 4.20% APY. GMAC's rate cut was 25 basis points and Presidential's cut was 30 basis points.