Savings account interest rate increase (!)

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The529guy
Posts: 610
Joined: Fri May 23, 2014 1:08 am

Savings account interest rate increase (!)

Post by The529guy »

Today, my [credit union] savings account's interest rate quietly increased from 0.70% to 0.80%.

Anyone else experience a recent uptick at their favorite banking establishment?
jasc15
Posts: 419
Joined: Wed Dec 19, 2012 12:36 pm

Re: Savings account interest rate increase (!)

Post by jasc15 »

Now that you mention it I notice 0.75% on my Capital One 360 accounts, where I think it was 0.70% not long ago. It could be your suggestion of the change that makes me see it, however.
sport
Posts: 12094
Joined: Tue Feb 27, 2007 2:26 pm
Location: Cleveland, OH

Re: Savings account interest rate increase (!)

Post by sport »

A local bank has had a decrease in CD rates. A few months ago, they had a special 49 month CD at 2%. Then they lowered it to 1.75% and then 1.45%. Most recently, they discontinued the special CD altogether. A regular 48 month CD is now 1%.
Jeff
investor1
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Joined: Thu Mar 15, 2012 8:15 pm

Re: Savings account interest rate increase (!)

Post by investor1 »

Mine recently went from 2.25% to 1.77% for checking.
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Langkawi
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Joined: Sat Oct 09, 2010 1:25 am

Re: Savings account interest rate increase (!)

Post by Langkawi »

jasc15 wrote:Now that you mention it I notice 0.75% on my Capital One 360 accounts, where I think it was 0.70% not long ago. It could be your suggestion of the change that makes me see it, however.
The rate has held steady at 0.75% since the Feb. 2013 name change from ING Direct to Capital One 360.
4strings
Posts: 161
Joined: Fri Feb 19, 2010 3:49 pm

Re: Savings account interest rate increase (!)

Post by 4strings »

my Ally account recently went from 0.87% to 0.90%

woohoo!
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Rob5TCP
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Joined: Tue Jun 05, 2007 7:34 pm
Location: New York, NY

Re: Savings account interest rate increase (!)

Post by Rob5TCP »

As mentioned, Ally Bank had several recent increases (after years of small decreases every month).
A few banks had increases over the summer, but it seems more stayed the seem or decreased.
There have been a couple in the 3% range that I thought were gone when PenFed stopped them.
MoneyMythsSolved
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Joined: Thu May 03, 2012 5:14 pm

Re: Savings account interest rate increase (!)

Post by MoneyMythsSolved »

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