E-Loan Savings Falls to 5.00% APY, CDs Down to 5.35%

09.21.07 | Online Savings Accounts | 1 Comment | by junger

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And the rate dropping continues.

eloanratedrop.jpg

Two days after ING Direct cut its savings account rates, E-Loan (where my money is kept) has followed suit.

Its savings account now pays 5.00% APY, down from 5.25% (and even 5.50% at one point).

They've also dropped the rates on their short-term CDs. Their 3-month 5.55% APY CD is now down to 5.35% APY.

Thanks to tightwad for the quick head's up.

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