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.
Deal Summary: $225 checking bonus, available through March 31, 2017; 5-year CD, 2.00% APY.
Santander Bank, N.A. (Santander Bank) "Simply Right Checking" $150 promotion expired on January 31. Rather than extending the promotion, Santander Bank has replaced it with a $225 checking bonus, which has the same requirements and limitations as the previous $150 bonus.
Three different Santander Bank checking accounts (Simply Right Checking, Basic Checking, and Premier Plus Checking) qualify for the new $225 bonus.
Bonus Qualifying Requirements
Open a new eligible checking account by March 31, 2017.
Availability: Residents of ten Northern California counties and twelve named Northern California cities; employees/retirees of 1,100+ SEGs
At the end of last week, Patelco Credit Union (Patelo CU) significantly raised the rate on its 36-47 month Share Certificate (2.00% APY). The minimum opening deposit is $1k, with no stated balance cap. For the 36-47 month Share Certificate, members can choose any term from 36 to 47 months in one month increments.
POSTED ON SUNDAY, FEBRUARY 26, 2017 BY SHERYL NANCE-NASH
There’s nothing like competition to spur creativity. Online banks, with their 24/7 convenience and often better rates, particularly on savings accounts, are giving brick and mortar banks a run for their money. It’s not surprising then, that banks are going the extra mile to lure folks into branches. Increasingly, banks are turning to innovations like café-style bank branches.
The bank becomes a place to “hang out”. Bring your laptop, Wi-Fi is free. Relax on the couch with a cup of joe. If you have money questions, an “associate” can...
Deal Summary: 28-month CD Special, 1.70% APY, $1k minimum deposit
Availability: Residents of the New Hampshire counties of Belknap, Cheshire, Hillsborough, Merrimack, and Rockingham, and the Massachusetts counties of Essex, Franklin, Middlesex, and Worcester.
New Hampshire-based Triangle Credit Union (Triangle CU) is currently offering three CD Specials, but the 28-month CD Special (1.70% APY) is the only one which has a competitive rate. The minimum deposit is $1k, with no stated balance cap.
The 28-month CD Special was added to Triangle CU’s product line in late January 2016, with...
First Internet Bank (First IB) raised the rates on most of its CDs yesterday. The new rates are some of the best APYs offered by internet banks. Of all the CDs, the 48-month (1.87% APY) is most competitive when compared to both brick-and-mortar banks and internet banks.
The minimum deposit for the 48-month CD is $1k, with no stated balance cap. It is also available as an IRA (Traditional, Roth, and CESA) earning...
When I have the occasion to write about a new bank, “new” usually means opened in the recent past; in the case of PurePoint Financial, “new” means yesterday, literally. PurePoint Financial is an online division of MUFG Union Bank, N.A. (Union Bank) which itself is a subsidiary of Mitsubishi UFJ Financial Group, a bank holding company which is the 5th largest financial group in the world with total assets of over...
For a limited time, Primary Bank is offering two special CDs: 2-year Choice CD (1.50% APY) and 4-year Choice CD (2.25% APY). The minimum deposit is $10k, with no stated balance cap. Of the two, the 4-year Choice CD is the more competitive.
According to CSR, the Early Withdrawal Penalty for the 2-year Choice CD is 12 months dividends and 15 months dividends for the 4-year Choice CD.
POSTED ON WEDNESDAY, FEBRUARY 22, 2017 BY KEN TUMIN
Deal Summary: 27-month Premier CD Special, 1.70% APY, $10k minimum deposit, checking relationship required
Availability: Market area includes portions of Maryland and Northern Virginia.
Almost two years ago, I wrote about Sandy Spring Bank’s 27-month Premier CD Special. Since that time, the CD has experienced more than 25 rates changes, eleven of which were increases that occurred in the past six months. The latest rate increase happened yesterday, resulting in the highest rate in the CD’s history – 1.70% APY. The minimum deposit is $10k...
Economic data released in the last week has slightly raised the chance of a Fed rate hike in March. Last Wednesday, the Labor Department released the Consumer Price Index for January. The CPI increased 0.6% last month which was much higher than the expected 0.3% increase. The core CPI increase also exceeded expectations (0.3% vs 0.2%). The retail sales report was also released last Wednesday, and the report showed that sales increased more than expected in January. This gives the Fed some justification to raise rates at its next FOMC...