What would you do if you were running a bank or credit union? Would you pay higher rates? How would you be able to do it?
Not sure how Patriot is still paying 1.75% in this environment but that’s a great question @Argyll
Today’s drops:
Northern Bank Direct Money Market was 1.50% now 1.25%
Vio High Yield Savings was 1.50% now 1.35%
Capital One 360 Performance Savings was 1.30% now 1.15%
Synchrony High Yield Savings was now 1.05%
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Got an email from Simple this afternoon that their savings rate dropped from 1.40% to 1.20% as of today.
Patriot is still showing 2.26% at the moment. I think it will be good until end of July. 
When this % rate drops I hope I get the 1.75%
Sorry @pattyb53, I meant to post back here on the topic of Patriot’s rate guarantee. I did call them and found out that those who signed up back in the beginning of January at the 2.26% rate have this rate guaranteed until 6/30/20. It will then revert to the current rate(currently 1.75% but no idea what it will be on 6/30/20). For those who signed up in late January at the 2.22%, the rate is guaranteed until 7/31/20. Similarly, it will then revert to whatever the current rate is. I am happy that I signed up for the 2.22% rate and am guaranteed through the month of July. I can’t imagine the current rate will still be 1.75% by then however. It will be interesting to see if Patriot stays competitive. I’ve been quite happy with them so far.
I took the original TIAA 1.40% deal thinking I probably wouldn’t use it. I also signed up for the Nationwide Axos Bank offer 1.70%. I’m so upset with these new offers.
While waiting for these offers to be complete. Nationwide has lowered the rate 3 times. This morning I see it is now 1.50% & my funds are still showing pending. 
So all & all I guess the TIAA 1.40% guaranteed for 1 year will turn out to be the winner.
Nationwide(Axos) has another account still paying 1.55%; maybe they would let you switch to that one. For whatever reason they have kept the rate on that one more stable.
Thanks zzz.
I just called Nationwide to inquire about that MM acct 1.55%. Was told that it’s very easy to change over, but the MM account requires $1000. He did say the MM acct seems to be a little more stable.
This money situation is getting very hard to take!!
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Today’s drops:
Nationwide(Axos) Savings was 1.61% now 1.51%
First Foundation Online Savings was 1.60% now 1.45%
American Express Online Savings was 1.30% now 1.15%
Brio Direct High Yield Savings was 1.25% now 1.10%
Web Bank Savings was 1.11% now 0.95%
Northpointe Bank Ultimate Savings was 1.05% now 0.55%
Northpointe Bank Ultimate Money Market was 1.05% now 0.55%
State Farm Online Money Market was 0.75% now 0.50%
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Geez, Northpointe. Very nearly forgot I still have an account there, only a buck or two in it of course. Need to close that account . . . it would appear now more than ever.
One hour hence will come release of the employment report for May. And just when you thought interest rates could not possibly fall any more. 
Big news. Things nowhere near as bad as feared. In fact, things are actually a tiny bit BETTER!
The stock market must have seen this coming . . . somehow.
Only one drop today:
Bank7 Online Savings was 1.40% now 1.30%
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Looks like Alliant CU is down to 0.9%
Not any longer. It is now down to 1.00% APY!!
I opened this account & still working on deposit. Think I will go for their MM 1.55%.
Things are REALLY bad now in the realm of liquid money. And it is becoming even worse with each passing day.
Rather than bounce around I have remained with PurePoint and NBD. They are at 1.25% APY but, with that rate now quite high comparatively, I’m anticipating both institutions will be coming through with cuts any day. My short term add-on CDs are gone. I’m fresh out of good liquid money options. 
@shinobi I thought you got in on the 1 year rate lock at TIAA for 1.40%?
And don’t forget we also have the Patriot Bank Money Market locked at either 2.26% or 2.22% which is currently paying 1.75% as their ongoing rate outside of the rate locks. No idea if and when they’ll lower their ongoing rate.
Today’s drops:
Nationwide(Axos) Money Market was 1.55% now 1.30%
Prime Alliance Bank Personal Savings was 1.55% now 1.35%
Nationwide(Axos) My Savings was 1.51% now 1.00%
UFB Direct Premium Money Market was 1.51% now 1.35%
UFB Direct High Yield Savings was 1.51% now 1.35%
Dollar Savings Direct Savings was 1.50% now 1.40%
Varo Savings was 1.41% now 1.21%
Popular Direct Ultimate Saving was 1.35% now 1.30%
CIT Bank Money Market was 1.30% now 1.20%
HSBC Direct Saving was 1.30% now 1.01%
CIT Bank Savings Builder was 1.25% now 1.15%
Northfield Bank Platinum Savings was 1.25% now 1.05%
My Savings Direct Savings was 1.00% now 0.85%
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