Yesterday’s big news was the Fed Funds Rate drop by 0.25%, which I celebrated by taking my nephews and nieces trick-or-treating and then stealing some of their candy. (I love BottleCaps! )
An early example is Capital One 360, which has already lowered their 360 Savings rate to 0.75% APY (no minimums), and their Electric Checking rate tiers to 3.25% APY (for up to $50,000). You can still get a $25 bonus for signing up the savings account with $250, though.
Countrywide Bank has 6-month and 12-month certificates of deposits offering 5.65% APY ($10,000 minimum), if you are looking to lock-in for a while at a decent rate. Of course, I wouldn’t exceed the FDIC limits if you use Countrywide to be safe. Use different ownership titles to get more coverage.
I predict some weird market turmoil in the next couple of weeks (although I’m not taking any bets on my own accuracy).