by akwilliamson
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.
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