I'm afraid the cuts continue. UFB Direct cut the yield on its Absolute Savings account from 5.22% to 5.12% APY (see my review for account details). Capital One cut rates on its Costco money market account (4.30% APY, was 4.55%) and its High Yield Money Market account (4.00% APY, was 4.30%).
I've recently noticed Capital One started an Online Savings Account that pays a higher rate than the HYMM. I noticed it a few days ago when the top yield was 4.50% APY. It's now 4.25% APY. The top yield is only for balances of over $10,000. Balances below this earn 3.75% APY. Unlike the HYMM, there are no checks. Deposits and withdrawals are intended to be made with ACH transfers.
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