Browse through the stories below to view current deals for Mississippi banks or select an item from the menu bar above to view current rates in Mississippi.
Those 3% rumors turned out to be true. PenFed is now officially offering a 5-year and a 7-year CD with a 3.04% APY. The rates are listed at PenFed’s certificates overview page as of 12/01/2013. Thanks to the readers who reported on these early. There’s also good news for those who prefer shorter terms. PenFed’s 4-year CD rate increased to 2.22% APY, and the 2-year CD rate increased to 1.41% APY. PenFed’s 3-year CD still has a very competitive 2.02% APY. Below is a summary of the new December rates...Continue Reading
I first reported on R Bank and its R Best Checking account about four years ago. Like all reward checking accounts, the rates and balance cap have fallen. However, it remains very competitive and a good deal for those in the Austin metro area. Below is an updated review of the account. The rates and features are listed on the bank’s home page as of 11/12/2013:
R Best Checking rates and features if monthly requirements are met:
If you live in the market area of Capital One Bank, customers can get a good savings account deal. This is similar to Capital One’s past checking account promotions. It’s the Smart Savings Account, and a high rate is guaranteed on all balances for 12 months. The guaranteed APY is 1.00% for most Capital One market areas. It’s only 0.70% for the Austin, Texas metro area and only 0.40% for Louisiana. Thanks to DA member stormdog123 for posting on this in the forum.
Details of this promo are listed at...Continue Reading
Pentagon Federal Credit Union (PenFed) CD rates are getting better each month. Last month PenFed raised its 5-year and 7-year CD yields to 2.02%. Today PenFed raised its 3-year and 4-year CD rates to this same 2.02% APY. This is the first nationally available 3-year CD with a yield above 2% that we’ve seen in a long time. Thanks to DA member Shorebreak who posted on this news in the forum. Below is a list of these new CD and IRA CD rates in effect as of November 1, 2013:
In today's interest rate environment, most all short-term CDs have rates under 1%. I found one exception at Xceed Financial Credit Union which has a special 7-month share certificate with a 1.00% APY. It’s also available in an IRA. Minimum deposit is $500. This special CD rate is listed on the credit union's rates page and in the credit union's news & events page as of 11/01/2013.
Xceed has a history of CD specials. I reviewed the last one in 2012.
The credit union has two features that make it convenient for...Continue Reading
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
After several months of subpar CD rates, Pentagon Federal Credit Union (PenFed) will be making a pleasant change in October. On Sunday, PenFed advertised in the LA Times about its October CD rates. Thanks to DA member saverguy99 who posted on this news in the forum. Below is a list of these new CD and IRA CD rates that should be official by October 1st:
The latest bank to raise its 5-year CD rate to 2% is BBVA Compass. On Friday it raised its 5-year CD rate from 1.25% to 2.00% APY. This is the only CD term that is competitive. Its shorter-term CD rates continue to be low. This 5-year CD rate is listed in the bank’s CD rates page as of 9/16/2013. The rates may vary by location, but this 2% appears to be listed for all of bank’s market areas. Thanks to DA member OldGuy for mentioning this new rate in the...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
I first reviewed Ouachita Independent Bank’s reward checking account over six years ago when it was paying 6.01% for balances up to $25K. As you might expect, the rate and balance cap have fallen. However, the rate and balance cap remain competitive, and the account is still a good deal for savers who want interest rates higher than CD rates without the loss of liquidity. It’s always nice to see successful reward checking accounts with such a long history.
Since my last review, the bank has added a companion savings account...Continue Reading
The one-time CD rate leader, Pentagon Federal Credit Union (PenFed), made substantial rate increases on its long-term CD rates for September. However, the rates had been so low, the new CD rates are still far from the rate leaders. Nevertheless, it’s yet another sign that long-term CD rates are rising. Since so many DA readers are PenFed members, I thought it would be useful to review the rate increases even though the new rates are not exciting. Below are the new rates as listed in PenFed’s certificates page and IRAs...Continue Reading
BBVA Compass has another checking account promotion. It’s similar to its January promotion, except that instead of a Kindle Fire, the bank is giving away a Samsung Galaxy Tab 3. The bank also added an extra requirement. So it’ll take more work to qualify for this gift. Here's the link to the new promotion. Below are the steps required for the bonus: