While the Fed kept interest rates steady at their meeting this month both Marcus and Ally Financial have decided to cut interest rates on their savings accounts; the cut is small, just 10 basis points, Marcus going to 2.15% from 2.25% and Ally going to 2.1% from 2.2%; they clearly expect the Fed to cut interest rates soon and are moving preemptively; Marcus suggested that concerned customers could explore their high-yield certificates of deposit. Source.
