Today, I received an email from Provident Direct saying that their online saving interest rate will be dropped by 0.25% to 3.50% on May 19th, 2008. I've covered it as one of the highest yield saving accounts before. It still will be even after the 0.25% cut. Here is a comparison list:
| Bank | Online Savings Annual Percentage Yield** |
| Provident | 3.50% |
| FNBO Direct | 3.25% |
| HSBC Direct | 3.05% |
| ING Direct | 3.00% |
| Emigrant Direct | 2.75% |
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