About Ken Tumin

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.

Popular Posts

Bank Deals Blog

Andrews Federal Credit Union Adds Rate-Leading Kasasa Cash Checking
Deal Summary: Kasasa Cash Checking, 6.00% APY on qualifying balances up to $25k. Kasasa Saver, 2.00% APY on qualifying balances up to $100k.

Availability: Easy membership requirement.

Maryland-based Andrews Federal Credit Union (Andrews Federal) is now offering Kasasa brand products. The Kasasa Cash Checking is a high-yield reward checking account that earns 6.00% APY on qualifying balances up to $25k; qualifying balances above $25k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

it’s nice to see another reward checking account (RCA) with a 6%...

Continue Reading
Lafayette Federal Credit Union 3-Year Jumbo CD Remains Competitive
Deal Summary: 3-year Jumbo CD, 5.20% APY, $100k minimum deposit.

Availability: Easy membership requirement.

Slightly more than a year ago, Maryland-based Lafayette Federal Credit Union (Lafayette Federal) unveiled a Jumbo CD product line, consisting of five certificates. While none of the Jumbo CDs have offered wow-worthy rates, the APYs have consistently been very good. The 3-year Jumbo CD currently offers a 5.20% APY, which is the most competitive rate in Lafayette Federal CD product line. The Jumbo CDs require a minimum $100k opening deposit,...

Continue Reading
CD Deals Summary
CD Deals Summary

With cooling inflation numbers, the odds have fallen to near zero for any additional Fed rate hikes, while the odds of Fed rate cuts in 2024 have risen. According to the Fed Funds futures (via the CME FedWatch Tool), the odds are over 60% for a rate cut by the Fed’s March 19-20 meeting.

These falling rate expectations have impacted Treasury yields. Since October, long-term Treasury yields have fallen. The yields of the 10-year and 5-year notes have fallen from 4.98% and 4.95% on October 19th to 4.18% and 4.14%...

Continue Reading
All In Credit Union 18-Month Jumbo CD Has Market-Leading Rate
Deal Summary: 18-month Jumbo CD, 5.80% APY, $100k minimum opening deposit. 18-month CD, 5.69% APY, $1k minimum opening deposit.

Availability: Easy membership requirement. Residents of five Southeast Alabama counties, the Mobile Bay (AL) area, and Florida’s Emerald Coast. Military relationship with Fort Rucker, US Coast Guard Aviation Training Center, and National Guard units in Alabama.

Alabama-based All In Credit Union (All In) recently increased the rate on its 18-month Jumbo CD and 18-month CD to 5.80% APY and 5.69% APY, respectively. The Jumbo...

Continue Reading
Crescent Bank 24-Month Online CD Rate Climbs Up
Deal Summary: 24-month Online CD, 5.40% APY, $1k minimum deposit, new money.

Availability: Nationwide through online application

New Orleans-based Crescent Bank upped its Online CDs rates in late November. As these were modest increases (5-15 bps), I didn’t expect the Crescent Bank CDs’ overall standing to improve that much, but the 24-month Online CD (5.40% APY) proved me wrong. (Look for the 24-month Online CD in this week's CD Deals Summary.) The minimum opening deposit is $1k of new money, which is defined as funds...

Continue Reading
Tennessee Valley Fed Credit Union 60-Month CD Has Competitive Rate
Deal Summary: 60-month CD, 5.09% APY, $1k minimum deposit.

Availability: 10 Southeast Tennessee and 7 Northwest Georgia counties.

Tennessee Valley Federal Credit Union (TVFCU) has been offering a “uni-rate” on its CDs for about nine months. The current uni-rate is 5.09% APY, with the 60-month CD being the most competitive CD in the TVFCU product line. The minimum opening deposit is $1k, with no stated balance cap.

The 60-month CD is also available as an IRA CD (Traditional and Roth), earning the same...

Continue Reading
Education First Credit Union (OH) Offers Competitive 30-Month CD Special
Deal Summary: 30-month CD Special, 5.25% APY, $500 minimum deposit.

Availability: Seven Central Ohio counties; current/retired Ohio school employees.

The Education First Credit Union (Education First) product line includes two CD Specials: 30-month (5.25% APY) and 14-month (5.00% APY). Of the two, the 30-month CD Special offers the more competitive rate. The minimum opening deposit is $500, with no stated balance cap. As noted in the CD Specials landing page, these are a "Limited time offer. Available for new and existing money."

Excess Share...

Continue Reading
Northfield Bank Unveils Nationally Available 11-Month CD
Deal Summary: 11-month Online CD, 5.65% APY, $2.5k min/$225k max deposit, new money, can be opened online or in-branch.

Availability: Nationwide through online application.

It has been more than five years since I’ve written about any product offered by Staten Island-based Northfield Bank. Since that time, Northfield Bank has expanded its online market area, with the 11-month Online CD (5.65% APY) now available nationwide. The minimum opening deposit is $2.5k of new money, which is defined simply as “funds not currently on deposit at Northfield Bank.”...

Continue Reading
Limelight Bank Boosts 12-Month CD Rate
Deal Summary: 12-month CD, 5.75% APY, $1k minimum/$500k maximum deposit.

Availability: Nationwide (internet bank)

Utah-based Limelight Bank (an online division of Utah-based Capital Community Bank) added 25 bps to its 12-month CD this week. Currently earning 5.75% APY, the 12-month CD has the highest APY of any 1-year CD offered by an internet bank. Limelight Bank's 18-month CD (5.60% APY) also had a rate increase of 25 bps, but it's not quite as competitive as the 12-month term. The minimum opening deposit is $1k, with a balance cap...

Continue Reading
Community Credit Union (FL) Adds Competitive 13-Month CD Special
Deal Summary: 13-Month CD Special, 5.75% APY, $1k minimum deposit.

Availability: Easy membership requirement in Florida; also 6 Central East Florida counties.

For a limited time, Community Credit Union (CCU) is offering a 13-month CD Special earning 5.75% APY. The minimum opening deposit is $1k, with no stated balance cap. According to CSR, no end-date has been announced for the 13-month CD Special.

The 13-month CD Special is also available as an IRA CD Special (Traditional and Roth), earning the same APY with...

Continue Reading
Superior Choice Credit Union Adds Rate-Leading Reward Checking Account
Deal Summary: Superior Checking, 7.00% APY on qualifying balances of $5k-$25k, $100 minimum opening deposit.

Availability: Easy membership requirement.

Wisconsin-based Superior Choice Credit Union (SCCU) has unveiled its new reward checking account, Superior Checking, which earns 7.00% APY on qualifying balances between $5k and $25k. The minimum opening deposit is only $100, but any balance of less than $5k earns no interest.

The other rate tiers (as described on the landing page) are not that impressive.

    In addition to maintaining a minimum daily average balance of $5k...

    Continue Reading
    Family Savings Credit Union (AL/GA) Adds Rate-Leading 18-Month CD
    Deal Summary: 18-month CD Special. 5.80% APY, $500 minimum deposit.

    Availability: 13 northeast Alabama and 16 northwest Georgia counties.

    For a limited time, Alabama-based Family Savings Credit Union (Family Savings) is offering a rate-leading 18-month CD Special. Earning 5.80% APY, the 18-month CD Special can be opened with a $500 minimum deposit.

    The 18-month CD Special is also available as an IRA CD Special (Traditional, Roth), earning the same APY with the same deposit requirements.

    Early Withdrawal Penalty

    As stated in the Fee Schedule, the Early Withdrawal Penalty reads...

    Continue Reading
    View Archive

    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.