Bank Deals Blog

Priority Bank began offering Kasasa brand products about four years ago. The Kasasa Cash’s initial 2.50% APY on qualifying balances up to $15k is still in effect. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.

The monthly qualification requirements are easily fulfilled and do not include a direct deposit or ACH transaction.

• At least 12 debit card purchases
• Maintain a valid email address...

Earlier this year, I wrote about the longer-term (24-, 36-, and 48-month) CDs in Allegiance Credit Union’s (ACU) product line; those competitive rates are still in effect. With ACU CD rates holding steady for the past eight months, the 12-month CD (0.96% APY, $100k min) has become more competitive as other 1-year CD rates have dropped. All ACU CDs have tiered APYs based on deposit levels of $500,...

The State Bank's Kasasa Cash Checking currently earns 1.00% APY on qualifying balances up to $50k. Qualifying balances above $50k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.

The State Bank added the Kasasa brand to its product line in late 2018, with the Kasasa Cash initially earning 2.50% APY on qualifying balances up to $50k....

I first wrote about Missouri-based Montgomery Bank’s rewards checking account, Montgomery eBlue Checking, more than twelve years ago. While the current 2.01% APY on qualifying balances up to $15k has been in effect since 2012, the Montgomery eBlue Checking had APYs of 4.01% and 5.01% on...

One of the NTS (New to Summary) CDs in this week’s CD Rates Summary is Affinity Plus Federal Credit Union’s (Affinity Plus) 48-month CD. Currently earning 1.05% APY, the 48-month CD can be opened with a $500 minimum deposit, with no stated balance cap.

At the beginning of the year, a 10 bps increase gave the 48-month CD an APY of 1.20%, a rate which lasted for about two months. The...

Texas Tech Credit Union (TTCU) has a different take on the Kasasa brand products. Rather than offering the typical Kasasa Cash account that earns a substantially higher rate than its companion Kasasa Saver account, TTCU offers a Kasasa Cash Back/Kasasa Saver combo....

CD rates have been static at the popular online banks in the last two weeks. It appears that online CD rates have mostly reached a bottom. You can see how online CD rates have been bottoming out in 2021. For the average online CD rates, both the 1-year and 5-year have fallen very little so far in 2021.

There are a few online banks that have cut rates to such low levels that they are no longer competitive for online banks. Radius Bank is the latest one of these. It recently...

The surprisingly weak April jobs report that came out on Friday will make it easier for the Fed to delay rolling back accommodations. The first step in the rollback will likely be tapering of the asset purchases. Fed Chair Powell has said that the Fed is looking for “substantial further progress” toward their goals before they start tapering. We’ll probably need several months of strong job reports before the Fed will start thinking about tapering.

Tapering of asset purchases will likely start the process of pulling back accommodation. Tapering involves the...

If you need to make a same-day wire transfer, be careful about assuming that your bank can do it. This is especially the case for online banks. Last week I had to make a real estate payment using a wire transfer. I chose to do it from Ally Bank. Using Ally’s online wire transfer request form, I submitted the wire request at 11:22am EDT. The wire was not sent until the next day (at 9:53am EDT). Fortunately, I gave myself an extra day before the wire was due.

It’s been almost a year since Barksdale Federal Credit Union (Barksdale Federal) significantly increased the scope of its field of membership (FOM). (I discuss that change in detail in the Availability section below, but simply put, prior military service qualifies for membership.)...

Langley Federal Credit Union’s (Langley FCU) limited-time 15-month CD Special ended after being offered for about two months. The latest promotion certificate is a 14-month CD Special, earning 1.25% APY.

The 14-month CD Special has some limitations, which are listed in the fine print of the Certificates page.

While the 14-month CD Special APY is 25 bps higher than that of the...

Park Side Credit Union (Park Side CU) added the Kasasa brand to its product line about nine months ago. The Kasasa Cash account’s initial 2.50% APY on qualifying balances up to $15k is still in effect. Qualifying balances of $15k+ earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

The monthly qualifying requirements include,

• At least 12 debit card purchases
• At least one direct deposit or ACH...