Browse through the stories below to view current deals for Washington banks or select an item from the menu bar above to view current rates in Washington.
BB&T has brought back its $125 checking account promotion. Like the one last year, you can qualify for the bonus without direct deposit. That’s rare these days. The one downside remains the same. All of BB&T's checking accounts have potential monthly service fees. So if you open the checking account for the bonus, you have to make sure to avoid the fees.
To qualify for the $125 bonus, customers must open a BB&T checking account and either 1) use online bill pay for 3 bill payments with a minimum payment of...Continue Reading
Update 2/28/14: The 11-month CD special has ended.
United Legacy Bank has a nice CD promotion. It’s offering a special 11-month CD with a 1.15% APY. Minimum deposit is $1,000, and the maximum is $99,000 per depositor. This special doesn’t appear to be listed at the bank’s website. A reader emailed me news of this, and I contacted the bank for additional information. This special was available as of 2/6/2014.
A branch visit is required to open this CD. United Legacy Bank branches are located in the Central Florida cities of Orlando,...Continue Reading
PNC Bank has started to offer a $200 checking account bonus. This is an upgrade to the bank’s usual $150 bonus. You still have to be careful to avoid monthly service charges. Here’s the link to PNC’s promotion page. The offer is scheduled to end on 2/28/2014. You can open the account online or choose to have them email you a coupon to take to a branch. Here's a summary of the requirements to qualify for the bonus:
Fifth Third Bank has a new checking account promotion. They’ll give $150 to Stand Up To Cancer and $150 to you when you open a new checking account with direct deposit and make three online bill payments. The account must be opened by March 31, 2014. The direct deposit and the three online bill payments must be completed within 90 days of account opening to qualify for the bonus. Bonus will be deposited into the new checking account within 6 weeks of completing requirements. The full details of this offer...Continue Reading
HomeBanc has another short-term CD special. The new one is a 3-month CD with a 1.50% APY. Minimum deposit is $5,000, and the maximum deposit is $75,000. Only one CD offer is allowed per household. Funds must be new money to HomeBanc, and the offer is not available to customers who have participated in CD promotions and closed their HomeBanc accounts within the previous 24 months. This special rate is listed at the bank's rates page as of 1/28/2014.
This bank has a history of offering short-term CD specials. In previous...Continue Reading
BBVA Compass is again offering a free Kindle Fire HD for opening a checking account and for performing a few activities. It’s a 7" 8GB Kindle Fire HD which is currently selling on Amazon for $139. It is not the Kindle Fire HDX which is much more expensive. Here's the link to the new promotion. Below are the steps required for the bonus:
Fifth Third Bank has come out with some new CD specials. There are two changes from Fifth Third’s CD promotions from last fall. For most of Fifth Third’s market area, the bank is offering a 1.75% APY 5-year CD. For the Florida market, this long-term CD promotion is a 2.00% APY 6-year CD. The other CD promotions are the same as last fall with a 1.50% APY 4-year CD, a 1.25% APY 38-month CD and a 1.00% APY 28-month CD. Minimum deposit is $5,000, and a new or existing checking...Continue Reading
If you prefer a short-term CD over a long-term CD, you’ll probably have to settle for a low rate that’s not much higher than the best savings account rates. If you’re lucky, there will be a local bank or credit union with a CD rate that’s better than what you can find on the internet. That’s the case for those in the Miami area where South Florida Federal Credit Union is offering a 1.26% APY 1-year CD. Minimum deposit is $200. This rate is listed in the credit union's account...Continue Reading
Old Florida National Bank has maintained a top reward checking account for over four years. It’s called the Optimum Checking, and its yield has remained at 3.04% for balances up to $25K. Unfortunately, the bank has decided to stop offering this account. Those who currently have the Optimum Checking account are grandfathered in for now, but I was told by a bank rep that customers will be receiving notices in the next 30 to 60 days describing how the account will be changing. Thanks to the reader who emailed me...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
HomeBanc has a new short-term CD special. The new one is a 3-month CD with a 1.35% APY. Minimum deposit is $10,000, and the maximum deposit is $75,000. Only one CD offer is allowed per household. Funds must be new money to HomeBanc, and the offer is not available to customers who have participated in CD promotions and closed their HomeBanc accounts within the previous 24 months. This special rate is listed at the bank's rates page as of 10/24/2013.
This bank has a history of offering short-term CD specials. In...Continue Reading
We’re now seeing some large banks raising their long-term CD rates. The latest is Fifth Third Bank which is offering a special 4-year CD with a 1.50% APY. You can get a higher 4-year CD rate at a few internet banks and credit unions, but this 1.50% APY is competitive especially for large banks. There are also shorter-term CD specials: a 1.25% APY 38-month CD and a 1.00% APY 28-month CD. Minimum deposit is $5,000, and a new or existing checking account is required. These rates are listed in Fifth...Continue Reading