Another Rate-Cut Friday at Ally Bank

I'm afraid it's another rate-cut Friday at Ally Bank. The cuts may not all be due to the pressure from the FDIC. Several other banks continue to cut rates so the interest rate environment is also to blame. The online savings account rate dropped under 2% to 1.95% APY. The money market account rate also fell. It's now 1.70% APY (down from 1.80%). Most of the CD rates were cut. The no-penalty 9-