At least 2 banks with rates in the top ten percent of OPM tracked banks have announced reduced rates. Current savings account leader Milli Bank announced a reduction of rates from 5.50% to 4.95% effective February 29, 2024. Current checking account leader First Foundation already lower rates for the Online Money Market account from 5.25% to 4.90%.
We will update the OPM Comparisons information in early March to give other banks time to update their rates, too.
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