Bread raised the annual percentage yield on its 1-year certificate of deposit to 5.35%, an increase of 10 basis points.
That bump higher makes it the 1-year CD with the highest yield among banks under Stephens' coverage, according to a Monday report from the firm.
Consider that a 2-year CD at Bread has an APY of 5%, while a 5-year CD yields 4.25%.
"The past two weeks have been relatively quiet for online bank rate moves, and we wonder if this is holiday-related or if the online bank demand for deposits has slowed," said Vincent Caintic, an analyst at Stephens.
He added that another driver behind the deceleration in deposit rate increases could be a slowdown of loan growth among online banks.
Persons:
Bread, Stephens, you'll, Vincent Caintic, — CNBC's Michael Bloom
Organizations:
First Internet Bank of Indiana, Federal Deposit Insurance