Browse through the stories below to view current deals for Virginia banks or select an item from the menu bar above to view current rates in Virginia.
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
BBCN Bank has two good deposit deals. The first is a money market account special for consumers only. The bank is guaranteeing a 1.00% APY until 12/31/2014 for balances of $50,000 to under $1 million. The second special is a CD promotion for consumer and business customers. It’s a 12-month CD with a 1.10% APY. Minimum deposit is $50,000, and the maximum is $250,000 per customer. Both offers require new money to the bank. The promotion is scheduled to end when the bank’s deposit goal amount is met or on...Continue Reading
In today’s interest rate environment, any short- or mid-term CD with a rate near 2% is a hot deal. That’s the case with the CD special at Money One Federal Credit Union. It’s offering a promotional share certificate with a 19-month term and a 1.90% APY. Minimum deposit is $9,000, and the maximum deposit is $99,000. New money is required. This rate is listed on the top of the credit union’s share certificates page as of 11/07/2013.
This credit union also offers reward checking and savings accounts under the Kasasa brand....Continue Reading
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:
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:
Banks were the first to start increasing their long-term CD rates when Treasury yields began to rise in May, but a few credit unions have also been responsive. One of those is Apple Federal Credit Union. It has again increased its 7-year and 10-year CD and IRA CD rates. Its 10-year CD rate is now 2.50% APY (was 2.40%), and its 7-year CD rate is now 2.10% APY (was 2.00%). Minimum deposit is $500, and these are also available as an IRA CD. The rates are listed in the credit...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
A few banks are making large increases on their long-term CD rates. As I reported last month, some bankers are wanting to lock investors into longer-term CDs before rates rise. That appears to be the case at Franklin Federal Savings Bank in Virginia. This month it made big increases of its long-term CD rates, and now they’re very competitive. The highest rate is a 7-year CD which has a 2.73% APY. Minimum deposit is $500, and it’s also available as an IRA certificate. Below is list of all of the...Continue Reading
PNC Bank continues to offer a $150 checking account bonus. Since my last report on a PNC checking promotion, new fees have been announced. So it will require more caution for those who decide to give this promotion a try. Another change is that the promotion is available in fewer states (see below for the list of states).
Here's the link to PNC's promotion page. The offer is scheduled to end on 9/30/2013. You can open the account online or choose to have them email you a coupon to take to...Continue Reading
In the last month we’ve seen several small banks and internet banks come out with 2%+ 5-year CDs as Treasury yields have risen. M&T Bank is the largest bank that I’ve seen to come out with a 2% 5-year CD in the last month. It’s currently offering a 5-year promo CD with yields that range from 1.97% to 2.22% depending on your location. You can see the rates available in your area from this M&T Bank CD page. You first have to enter your zip code to see the rate...Continue Reading
Capital One continues to offer a nice bonus for new business checking accounts. The bonus amount is $300, and the promotion is scheduled to last until 8/31/2013. It requires a branch visit (see below for branch locations). When I last reported on this promotion in January, it had an April end date. So I wouldn’t be surprised if the expiration date gets extended again.
Here are the steps to earn the $300 bonus: