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.
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...
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...
UPDATE 2/21/2017: Greater Iowa Credit Union may have an Easy Membership Requirement. Details in the Availability Section below.
Deal Summary: 22-month CD Special, 1.81% APY, $1k minimum
Availability: Residents of 33 Iowa counties; several SEGs; members of previously merged credit unions; military relationship.
Greater Iowa Credit Union (GICU) has been quite prolific with its CD Specials, which change on a monthly basis. One of this month’s offerings is a 22-month CD Special (1.81% APY). The minimum opening deposit is $1k, with no stated balance...
Deal Summary: Limited-time CD Specials with checking relationship: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY, minimum $5k deposit.
Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.
BMO Harris Bank is currently offering three limited-time CD Specials: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY. All three CD Specials require a companion BMO Harris Bank checking account, either new or existing.
BMO Harris Bank has four checking accounts to choose from: Everyday Checking, Select Checking,...
Deal Summary: Dream Big Checking, 1.66% APY up to $15k; $100 new account bonus available through March 13, 2017.
Now through March 13, 2017, Westfield Bank is offering a $100 bonus when opening a new Dream Big Checking account, which currently earns 1.66% APY on qualifying balances up to $15k. Qualifying balances and non-qualifying balances both earn 0.15% APY.
$100 Bonus Requirements
Open a new Dream Big Checking account on or before March 13, 2017.
Deal Summary: 15-month CD (1.01% APY), 32-month CD (1.65% APY), 44-month CD (1.85% APY), $1k minimum deposit.
Availability: Nationwide – online, in-person, or by mail only on February 20, 2017.
Capitol Federal Savings Bank (CapFed) finally posted the rates for their Presidents’ Day CD Specials at approximately 2 p.m. (EST) today.
Unlike the majority of banks throughout the country, CapFed will be open on Presidents’ Day (February 20, 2017). On the Federal Holiday that honors all U.S. Presidents, CapFed is offering three President’s Day CD Specials for only one day:...
McGraw-Hill Federal Credit Union’s (McGraw-Hill FCU) Holiday Money Market Account (guaranteed 1.05% APY) will expire on April 30, 2017, but McGraw-Hill FCU has just announced the addition of a 17-month Promotional Certificate, which has tiered APYs and requires new money. In this instance, new money is defined as funds that have not been on deposit "for more than 30 business days.”
Texasgulf Federal Credit Union (Texasgulf FCU) began February by raising the rate on its 60-month Share Certificate (3.00% APY) by 95 basis points. The minimum deposit is $500, with no stated balance cap.
Added to the product line only 18 months ago, the 60-month Share Certificate’s APY held steady at 2.05% for the past 17 months.
The 60-month Share Certificate is also available as an IRA (Traditional, Roth, SEP), earning the same APY...
POSTED ON THURSDAY, FEBRUARY 16, 2017 BY KEN TUMIN
The following is a guest post contributed by Charles Rechlin, a long-time reader and friend of the site. His last guest post covered Loyalty Rewards and Customer Promotions for CD Investors. I would like to thank Charles for sharing more of his valuable experience on personal CD investing.
Notes on Personal CD Investing: Relationship Rate CDs
by Charles Rechlin
Occasionally, while searching for good CD deals, I stumble across a decent yield being offered for a relationship rate CD.
By “relationship rate CD,” I mean a CD carrying a bumped-up or promotional rate...