Browse through the stories below to view current deals for Vermont banks or select an item from the menu bar above to view current rates in Vermont.
PenFed isn’t the only credit union offering 3% CDs. Another credit union came out with a December CD special with some even higher rates. It’s Credit Union West, and it’s offering 5-year CDs and IRA CDs with rates around 3%. The best deal is the 5-year Jumbo IRA CD which has a 3.20% APY. Minimum deposit is $50,000. For a $10,000 minimum, the APY is 3.15%. The regular CD rates are a little lower, but they’re still very competitive. For a $50,000 minimum, the APY is 2.95%, and 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
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
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
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:
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:
I last reviewed Credit Union West in May because of its reward checking account. I just noticed another noteworthy thing about this credit union. It’s offering very competitive 5-year CDs and IRA CDs. The best deal is the 5-year Jumbo IRA CD which has a 2.20% APY. Minimum deposit is $50,000. For a $10,000 minimum, the APY is 2.15%. The regular CD rates are a little lower, but they’re still competitive. For a $50,000 minimum, the APY is 1.95% and for a $10,000 minimum, the APY is 1.90%. The...Continue Reading
I first reported on Credit Union West in 2007 when it was offering a reward checking account called Star Checking. Back in the early days the Star Checking was a very competitive reward checking account, but that ended in 2011. It appears Credit Union West is again trying to offer a competitive reward checking account under the Kasasa brand. The checking account is called Kasasa Cash. Below is a list of the account rates and features that are listed in the credit union’s Kasasa Cash page as of 5/23/2013:
Rates if...Continue Reading
I came across Western State Bank yesterday when I learned it’s taking over a bank that failed on Tuesday. I noticed the bank is listing a bonus of up to $100 for its checking account on its front page. The details are listed in its Benny! page. Here’s what is required to receive the full $100 (as of 5/16/2013):
The offer is valid on new personal checking...Continue Reading
After the uproar in 2011 about large banks ending free checking accounts and adding new fees, Bank Transfer Day and the Move Your Money movement became popular. Many credit unions advertised themselves as a better alternative to the megabanks. Articles were written here and in the media about how switching to credit unions can save you money. However, not all credit unions are created equal, and some credit unions may cost you more than the megabanks.
One example of a credit union that may be more costly than a megabank...Continue Reading
Washington Federal is offering a special short-term CD. It's a 7-month CD with a 1.00% APY. Minimum deposit is $1,000, and the maximum is $250,000. Thanks to DA reader Pearlbrown who first noted this special in the forum. I found this special mentioned at this Washington Federal deposit rates page on 3/5/2013.
In 2011 Washington Federal had offered top rates on its 5-year CDs. Most of its current standard CD rates are not too competitive.
A branch visit has been required to open accounts. For those who prefer opening a CD in...Continue Reading