Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.
I’m afraid that it looks very likely that there will be a 25 bp rate cut at next week’s Fed meeting. In a speech last Thursday, the New York Fed President John Williams sounded like he might be pushing for a 50 bp rate cut. According to the Wall Street Journal:
Even though Williams had given similar speeches in the past, the timing of this speech had the markets thinking that he was giving a signal. However, in a rare move, the New York Fed came out and told reporters that...
POSTED ON TUESDAY, JULY 23, 2019 BY DEPOSITACCOUNTS
Written by Lauren Perez | Published on 7/23/2019
Young people aren’t typically known being financial savvy. Scan various headlines and you’ll read that millennials and Gen Zers are killing industries or otherwise mismanaging their money.
But in a new DepositAccounts survey, we’ve found that today’s college students may be better at saving their money than we thought. Not only are college students saving their money, but many are funding their own tuition payments, living expenses and emergency funds.
Let’s take a deeper dive into the money management habits of today’s college students and...
Availability: Residents of seven South Carolina Midlands counties.
Last week, SAFE Federal Credit Union (SAFE) raised the rates on its 60-month Investment Certificate, with deposits of $100k+ now earning 3.38% APY. Deposits of $50k+ earn a competitive 3.27% APY, while the lowest rate tier ($1k) only offers 2.76% APY.
The Investment Certificate is also offered as an IRA (Traditional, Roth, and CESA), earning the same tiered APYs based on the same deposit levels.
Availability: 24-month Investment CD, 2.70% APY, $500 min/$500k max deposit, unlimited deposits through the term.
Availability: Nationwide, with the exception of Massachusetts and Rhode Island.
Bank5 Connect increased the rates on many of its CDs in April 2018. At the time, the newly raised rates were competitive, but lost their edge by remaining static, as many other nationally available CD rates soared upward. With rates currently trending downward, Bank5 Connect’s 24-month Investment CD and 36-month Connect CD are again good deals.
Availability: Easy membership requirement; active and retired military; federal employees in Massachusetts; 250+ SEGs.
For the last eight months, Hanscom Federal Credit Union (Hanscom FCU) has been offering 3.00% APY on its 19-month CD Special. As rates have declined lately, the 19-month CD Special had become more competitive, rising from seventh place in the January CD Rates Summary to the top spot beginning in late May. Following last week’s rate drop to 2.75% APY, the 19-month CD Special...
Deal Summary: Cash Reward Checking (rewards checking), 5.00% APY on qualifying balances up to $10k
Availability: Residents of Michigan
At the beginning of July, TBA Credit Union (TBACU) introduced a rewards checking account (RCA). The new Cash Reward Checking earns 5.00% APY on qualifying balances up to $10k. Interest is not paid on qualifying balances above $10k or on non-qualifying balances.
At least 25 debit card transactions.
At least four online or mobile banking logins.
Deposit(s) totaling at least $1k through direct deposit or remote capture deposit...
Deal Summary: Receive a 1% cash bonus of up to $500 for new deposits of $1k+ into a new or existing Online Savings Account.
Goldman Sachs Bank USA (Marcus) has recently launched a new savings account promotion which allows you to earn up to $500. It’s similar to their March promotion, but this one allows you to earn a lot more. The only mention of this promotion is on this Marcus landing page, which has the following promotion summary:
With interest rates starting to fall, bonuses might become a...
Deal Summary: 12-month Add-On IRA Special, 3.30% APY, $500 minimum deposit, additional deposits limited by personal tax contribution limits.
Availability: Easy membership by joining CU Savers ($10 one-time membership fee); residents of certain Tampa Zip Codes; SEGs.
Florida-based GTE Financial has raised the rate on its 12-month Add-On IRA Special to 3.30% APY. The minimum opening deposit is $500, with no stated balance cap. There’s also a Jumbo version of the 12-month IRA Special, requiring a $100k minimum deposit, but it earns the same 3.30% APY....
POSTED ON THURSDAY, JULY 18, 2019 BY DEPOSITACCOUNTS
Written by Lauren Perez | Published on 7/17/2019
In dynamic, ever-changing financial markets, interest rates constantly fluctuate. CD rates are no exception. Examining historical CD rates can give us insight into the direction rates may be heading in the future.
The current situation is characterized by declining CD yields, in response to the Federal Reserve’s latest policy pause. The average 6-month CD rate in July 2019 sits at 0.92% APY. What a difference the decades can make: 6-month CD rates had climbed to around 18% in the early 1980s.
Deal Summary: 18-month CD Special, 2.80% APY, $10k minimum deposit.
Availability: Market area includes southeast Pennsylvania, portions of south New Jersey, portions of New York City, and northern Delaware.
Philadelphia-based Asian Bank recently updated its promotional CD Specials selection, with the 18-month (2.80% APY) now offering the most competitive rate. (I had planned on writing about the 30-month CD Special (3.00% APY), but it was removed from the product line yesterday.) The 18-month CD Special requires $10k minimum opening deposit, with no stated balance cap....
Deal Summary: Kasasa Cash, 2.50% APY up to $25k; Kasasa Saver, 1.25% APY up to $100k.
Availability: Market area is Chicago and the surrounding suburbs.
About 2½ years ago, Lakeside Bank began offering a Kasasa Cash account, earning 2.25% APY up to $25k at the time. Earlier this year, this rewards checking account (RCA) experienced a couple of favorable changes, with a new 2.50% APY on qualifying balances up to $25k. Qualifying balances between $25k and $125k now earn 0.50% APY, while non-qualifying balances earning 0.02% APY....
The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.