New Hampshire Banking Rates and News
Browse through the stories below to view current deals for New Hampshire banks or select an item from the menu bar above to view current rates in New Hampshire.
With school starting soon, it's a good time to review your college savings plan options. And if you say, "What college savings plan?", you may want to consider Citizens Bank's "CollegeSaver Account," as a starting point. The CollegeSaver Account pays a $1K bonus at the end of the deposit term. You will owe taxes on the interest, as the CollegeSaver Account is not a 529, but the funds saved and the $1K bonus do NOT have to be spent on educational costs.
To qualify for the...Continue Reading
It has been awhile since Connexus Credit Union has offered something new on its deposit accounts. That recently changed with a new CD special. It’s a 9-month CD special with a 1.01% APY. Minimum deposit is $5,000. This is a limited-time special. Details are listed in the credit union’s CD page as of 6/10/2014. At the bottom of this page there’s a link to the CD disclosure. Unlike its regular CDs, I don’t see any checking account requirement for this CD special to qualify for the top rate.
Connexus Credit Union...Continue Reading
Jeanne D'Arc Credit Union has a new CD promotion with a competitive rate. The special is a 30-month CD with a 1.65% APY. It's also available for IRAs and SEPs. Minimum deposit is $250. This rate is listed on the credit union's rates page as of 1/16/2014.
The Primary Savings account has a rate of 7% APY on balances up to $500. Balances over $500 earn 0.15%. With a balance of $500, you'll earn about $30 per year more in this than a 1% account. Since you need to maintain a...Continue Reading
EBSB Direct continues to have a top rate on its money market account. It has a 1.00% APY for balances of $50K to $1 million. For balances between $5K and $50K, the rate is 0.25%. No interest is paid for balances under $5K. New money is required. These rates are listed at the EBSB Direct home page as of 1/9/2014.
When I last reported on EBSB Direct, I was told that they were opening accounts only for residents of Massachusetts. Before that they had accepted customers from New England and New...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
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:
- 2.25% APY 5-year CD
- 1.75% APY 4-year CD
- 1.45% APY 3-year CD
The above rates are listed in the MidFirst Direct CD page as of...Continue Reading
HarborOne in Massachusetts just recently changed from a credit union to a bank. When it was a credit union, it had offered several good CD deals. I’m glad to see the deals haven’t stopped now that it’s a bank. HarborOne Bank currently has two good CD deals: a 2.00% APY 4-year CD and a 1.05% APY 7-month CD. Minimum deposit is $1,000 ($500 in an IRA). These rates are listed in the bank’s deposit rates page as of 8/9/2013.
One downside with the 4-year CD is a large early withdrawal penalty....Continue Reading
Citizens Bank and Charter One regularly have checking account promotions with nice bonuses. Both are brand names of RBS Citizens, N.A. Citizens Bank branches are primarily located on the east coast and Charter One branches are located in the Midwestern states of Illinois, Michigan and Ohio. Charter One is currently listing a bonus of up to $175. I can’t find a similar one at Citizens Bank, but when I called Citizens Bank at 888-411-7442, the CSR told me that this same $175 bonus is available. (see update below) However, he...Continue Reading
Mutual Bank in Massachusetts did something that is rare these days. It increased the rate of its reward checking account. Another nice change is that the bank is now allowing anyone from New England to apply online. The rate increase makes the reward checking competitive, but I wouldn’t call it a hot deal since it still has a small balance cap. There’s also a companion savings account called REALSaver which helps offset the checking's low cap. Below is a summary of the rates and features of these two accounts. These...Continue Reading
Citizens Bank is offering a checking account bonus of up to $150. The bonus doesn't require too much work. One downside is that the checking accounts do have monthly service fees, but there are easy ways to avoid them. This promotion is scheduled to last until 2/28/2013. The details are listed at www.citizensbank.com/150. Here's summary of what's required to earn the full $150:
- Open your first new personal checking account by 2/28/13
- Get $50 when you setup direct deposit and have a single deposit of $500 or more clear your new checking...
Jeanne D'Arc Credit Union has a CD promotion with a competitive rate. The special is an 18-month CD with a 1.20% APY. It's also available for IRAs and SEPs. Minimum deposit is $250. This rate is listed on the credit union's rates page as of 12/5/2012. This special rate is the only CD that's competitive. In fact, this rate is even higher than the credit union's long-term CD rates.
The Primary Savings account has a rate of 7% APY on balances up to $500. Balances over $500 earn 0.15%. With a...Continue Reading
Workers Credit Union is offering two competitive rates on its CDs and IRA CDs. The short-term CD deal is an 18-month CD with a 1.50% APY. The long-term CD deal is a 6-year CD with a 2.50% APY. Minimum deposit is $500 for CDs and $1,000 for IRA CDs. These are Member Relationship CD rates which require a Workers’ checking account with at least one monthly direct deposit of pay or Social Security. Without the relationship, the rates are 75 basis points lower. These are rates are listed in the...Continue Reading