Bank Deals Blog

Kansas-based Brilliant Bank is currently offering quite competitive rates on its 9-month CD (4.50% APY) and 15-month CD (4.85% APY). The minimum opening deposit is $1k and is capped at $500k.

DA readers may remember that Brilliant Bank unveiled the 9-month and 15-month CDs in mid-October, but they were pulled from the website within days. According to CSR, the two CDs were...

New Jersey-based ConnectOne Bank (ConnectOne) has brought back its 10-month Time Deposit. (FYI – ConnectOne no longer uses “CD”: the new term is Time Deposit – TD for short. To minimize any confusion, I’m using CD.)

ConnectOne first added the 10-month CD to the product line in March 2018, but by mid-May, it had been removed. The current 4.65% APY is a vast improvement over the original 2.17% APY. The...

Unless you love leaving money on the table, there's no reason not to shop around for financial products. Whether your mama told you to or not, it pays to explore your options, particularly for checking and savings accounts.

The newest DepositAccounts study examines how much consumers can save — or leave on the table — by shopping (or not shopping) for the best annual percentage yield (APY)...

What a difference a week can make in the current rate environment. Seven days ago, I wrote about the State Bank of Texas (SBT) nationally available 1-year CD Special, which was a near-rate leader offering 4.65% APY. Over the weekend, SBT hiked the rate again, and the 12-month CD Special is now the new 1-year CD rate leader with a 5.00% APY. The minimum opening deposit is $25k, with...

Following a recent 37 bps rate increase, the Department of Commerce Federal Credit Union (DOCFCU) 24-35 month CD (4.61% APY, $500 minimum deposit) currently offers the highest APY for nationally available 3-year CDs. Initial deposits of...

Reward checking account (RCA) rate increases have lagged far behind deposit account rates in the last year. While CDs, MMAs, and savings account rates have risen dramatically, RCA rates have remained largely stagnant. One exception is the recent rate increase by Ohio-based Buckeye State Bank (BSB) on its Kasasa Cash checking account. Following a 200 bps increase, the Kasasa Cash checking account currently earns 5.00% APY on qualifying...

Now through December 2, 2022, Andrews Federal Credit Union (Andrews Federal) is offering a 7-Month Inflation Buster Share Certificate Special (IBSCS) earning 5.00% APY. The minimum opening deposit is $1k...

In October, Maryland-based CFG Bank (CFG) had adopted a “uni-rate” strategy, with the 12-, 18-, 36-, and 60-month CDs all earning the same APY. That approach was short-lived, and now the shorter-term CDs have the highest rates. Following recent rate increases of 15 bps for the two shorter-term CDs and 25...

Michigan State University Federal Credit Union (MSUFCU) is currently offering very competitive rates on its 1-year Add-On Certificate (4.60% APY, $50 min) and 1-year Jumbo Add-On Certificate (4.86% APY, $100k min). Following significant rate increase of 160 bps, both Add-On Certificate APYs are the highest offered since DA began tracking them more than ten years ago. Unfortunately, the Add-On feature doesn’t provide...

Soon after I published yesterday’s Liquid Rates Summary, I was informed that California-based UFB Direct would be raising the rates on its UFB High Rate Money Market and UFB High Rate Savings accounts to 3.91% APY, effective December 1, 2022. As this is NOT a new account, all existing High Rate MMA and Savings accounts will automatically begin earning 3.91% today. There is no need to...

In early October, INOVA Federal Credit Union (INOVA) offered a limited-time 14-month Certificate Special, earning 4.05% APY. The 14-month Certificate Special was quite short-lived, lasting little more than a week. Its replacement was a limited-time 20-month Certificate with the same 4.05% APY. The 20-month Certificate is still available and now offers a competitive 4.75% APY. The minimum opening deposit is $200, with no stated...