Financial Update, July 7, 2020

[Istefan Perþonest]

So, an Ally savings rate drop is happening for the third month in a row.  As of July 8th, we go from 1.10% APY to 1.00% APY.

Yeah, that's from 1.50% to 1.00% in three months.  But all the other places offering "high-yield" savings accounts are dropping their rates, too, so there's nowhere obvious to run to.

Anyway.  It's not a crisis, and I don't think there's anything sensible we can do about it, but now you're all up-to-date.