Browse through the stories below to view current deals for Massachusetts banks or select an item from the menu bar above to view current rates in Massachusetts.
Last month I reported on very competitive 3-, 4- and 5-year CD rates at MidFirst Direct, the internet division of MidFirst Bank. I learned last Saturday that MidFirst Direct is now offering 7-year CDs, and the rate is very competitive. Unfortunately, the rate has already fallen. It now has a 2.75% APY which is down from its original yield of 3.00%. Even with this lower rate, it’s still very competitive compared to other banks and credit unions. The 2.75% APY is listed in the MidFirst Direct CD page as of...Continue Reading
Last year I first learned about MidFirst Direct, the internet division of MidFirst Bank. At that time last year, it was offering some very competitive CD rates. Those didn’t last long. The rates fell a few days after my post. MidFirst Direct just recently raised its long-term CD rates, and they’re very competitive. Hopefully, these rates will hold longer than they did last year. These higher CD rates include:
The above rates are listed in the MidFirst Direct CD page as of...Continue Reading
MidFirst Bank made a big increase in its 7-year CD and IRA CD rates. The Fixed 7-year CD APY increased from 2.00% to 2.50%. MidFirst also has callable CDs, and the 7-year callable CD with a 6-month lock now has a 2.75% APY. The shorter-term CDs are not nearly as competitive. The only one having a rate over 1.00% is the 5-year CD which has a 1.55% APY. Minimum deposit is $1,000. These rates are listed in the bank's CDs rates page as of 8/30/2013.
I haven’t been able to find...Continue Reading
This week I’ve been looking for banks with competitive reward checking accounts that are allowing people from any state to apply. Most banks either require a branch visit to open an account or limit new customers to their market area. I was able to find one new bank that is currently allowing people from any state to apply online. It’s Security Bank, and it has a competitive reward checking account that it calls Security Bonus Checking. Below is a summary of the account rates and features as listed in the...Continue Reading
There’s another new reward checking account, but like many other new ones, the balance cap is a little disappointing. The reward checking account is being offered by The First State Bank in Oklahoma, and it’s called Preferred Reward Checking. There’s also a companion savings account called Preferred Reward Saver that helps offset the low checking balance cap. Below is a summary of the rates and requirements:
Preferred Reward Checking rates and features as of 7/31/2013:
Bank of the West has again brought back its $150 checking account promotion. It looks like the same promotion they were offering February. Just like the last one, there's also a $200 bonus, but that requires a checking account with high monthly service fees that can't be easily waived. These promotions are listed on Bank of the West's home page.
Details for the $150 bonus are listed in this Bank of the West promotions page. The checking account must be opened by 8/30/2013.
To qualify for the full $150 requires the following:
ONB Bank and Trust in Oklahoma has a reward checking account that it calls MaxMoney Free+ Interest Checking. Hat tip to the reader who emailed me info on this account. The reader said he has the reward checking account at Coppermark Bank, and due to its rate being slashed, he was looking for other Oklahoma options. This one at ONB Bank and Trust is a good option for all of those Coppermark Bank reward checking customers. The rates and features of the ONB Bank and Trust MaxMoney Free+ Interest Checking...Continue Reading
Over the last few years we've seen many rate cuts on reward checking accounts, and sometimes those cuts can be big. That was the case on Friday at Coppermark Bank. Its reward checking account has long been a rate leader with a 4.00% APY for up to $25K since I reviewed this account in 2009. That ended last Friday when the rate plummeted from 4% to 1.25% APY. The balance cap of $25K remains the same. Thanks to DA reader Pearlbrown who posted on this news in this forum thread....Continue Reading
Bank of the West has recently brought back its $150 checking account promotion. It looks like the same promotion they were offering last summer. Just like the last one, there's also a $200 bonus, but that requires a checking account with high monthly service fees that can't be easily waived. These promotions are listed on Bank of the West's home page.
Details for the $150 bonus are listed in this Bank of the West promotions page. The checking account must be opened by 3/8/2013.
To qualify for the full $150 requires the...Continue Reading
Yesterday I learned about MidFirst Direct, the internet division of MidFirst Bank. It offers a money market account, checking account and CDs with maturities of 3 months to 60 months. Both the money market account and checking account have low rates, but I was pleasantly surprised to see some very competitive CD rates. Compared to other internet banks, the best two are a 1.35% APY 1-year CD and a 1.40% APY 18-month CD. Below is a list of all of the competitive CD rates as listed at the MidFirst Direct...Continue Reading
MidFirst Bank is offering a checking account promotion with a $100 cash bonus that's similar to its last year's promotion. Details are listed in the bank's promotions page. To qualify for the bonus, you must open a new consumer checking by 12/31/2012. Also, 3 out of 5 of the following requirements must be met within 75 days of account opening:
ONB Bank and Trust Company is offering a $100 bonus for opening its MyChoice Checking Account. Unlike the typical checking account bonus, this one should be easy to earn. The only potential gotcha that I see is that the MyChoice Checking isn't a free checking account.
Refer to the bank's promotion page for the full details. The promotion is scheduled to last until 10/31/2012.
According to the instructions, you can open the MyChoice Checking Account at a ONB Bank location or online using promotional code: Get$100. I don't see any requirement in...Continue Reading