Advertising Disclosure
  1. Home
  2. Community
  3. Miscellaneous
  4. Savings Account Rate Update for 6 Online Banks Posted 11/1/2024 by Ken Tumin on X

Savings Account Rate Update for 6 Online Banks Posted 11/1/2024 by Ken Tumin on X

RichardW
  |     |   821 posts since 2019

On 10/25/2024 Ken posts:

“After more than 5 weeks since the Fed rate cut, many online banks continue to offer online savings accounts with APYs of 5% to 5.25%. Their rates will eventually fall, but here are 6 that have held their yields at 5%+ for at least the last year:”

Ken then lists the 6 online banks: Newtek Bank, Vio Bank, BrioDirect, Ivy Bank, My Banking Direct, and CFG Bank

On 11/1/2024 Ken posts an update:

“Here’s an update on the APYs of the above 6 online savings accounts. Only 3 now have 5%+ APYs. Newtek Bank: 5.25% Vio Bank: 4.90% (-15 bps) BrioDirect: 5.00% (-5 bps) Ivy Bank: 5.00% My Banking Direct: 4.85% (-15 bps) CFG Bank: 4.90% (-10 bps)”

https://x.com/KenTumin/status/1849953619740668114

  Post a comment
14


Anitagirl
  |     |   16 posts since 2023
Everbank Performance Savings is 5.05% for new accounts.
Reply
4
Ally6770
  |     |   4,307 posts since 2010
Remember to ask you banking institution to match high rates.
Mine did it again though this time. Takes a few minutes to go to the
branch to ask.
Think it is another year before the new rules for transferring accounts will start.
It will be much easier to transfer accounts and all DD and payments
will transfer automatically also. Not sure if it just for banks or banks
and credit unions. Assume we will read more about it as the time gets
closer.
Reply
4
Rickny
  |     |   1,296 posts since 2017
Poppy 5.25%
Reply
3
Ratesaver
  |     |   187 posts since 2013
Most of those acc. will be short term cds sorry to say. Now with Trump president all will go down fast
Reply
4


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.