I opened a high interest savings account last year with Ally and have seen it do nothing but drop with reserve rates decreasing. I tracked all my rate change emails over the last year or so and documented the following:
- 05/21/19 - 2.20%
- 06/26/19 - 2.10%
- 08/05/19 - 1.90%
- 10/10/19 - 1.80%
- 11/13/19 - 1.70%
- 12/20/19 - 1.60%
- 3/13/20 - 1.50%
- 5/12/20 - 1.25%
- 6/11/20 - 1.10%
I'm curious how others are faring with high interest savings accounts. Similar? Different? Thinking about jumping ship into something else.
Submitted June 11, 2020 at 07:10PM by akwilliamson https://ift.tt/2XRK2wY
