Bank Deals Blog

Keystone Bank’s Kasasa Cash earns 3.50% APY on qualifying balances up to $50k. Qualifying balances above $50k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. The Kasasa Cash can be opened with minimum $25 deposit.

Qualifying Requirements

• At least one ACH credit or ACH payment transaction
• At least 12 debit card...

FORUM Credit Union (FORUM) has been offering 3.00% APY on its 18-month CD for a couple of months, but in light of falling rates, the 3.00% APY has become competitive. (Two months ago, the rates for Noteworthy Local Deals, 18-month CDs in the bi-weekly CD Rates Summary ranged from 3.25% APY to 2.85% APY, with FORUM’s 18-month CD right in the middle.) The minimum opening deposit is $500, with no stated...

Thanks to a DA reader who emailed me, I’m able to give a heads-up about a 10-month CD being offered for one day (May 23) by Centra Credit Union (Centra CU). The DA reader learned about this very limited-time offering when he visited a branch earlier this week. This CD doesn’t appear on the Centra CU’s website, the Call Center hadn’t been informed about the CD when I...

There was movement today in the savings account rates peloton, with WebBank’s High-Yield Savings Account breaking away to match the 2.50% APY offered on USALLIANCE Financial’s High Dividend Savings. The minimum deposit required to open and earn the stated APY is $1k, with initial funding capped at $500k. 2.50% APY seems to be the “rate du jour” for nationally available liquid accounts, with three savings and five money market accounts...

Dover Federal Credit Union (Dover Federal) has added the Kasasa brand to its product line and is currently offering a Kasasa Cash account that earns 3.25% APY on qualifying balances up to $30k. Qualifying balances over $30k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

Qualifying Requirements

• At least 12 debit card purchases
• Be enrolled in and agree to receive eStatements
• Be enrolled in and log into...

Discover Bank has been offering bonuses on new Online Savings accounts for several years. The latest one offers a bonus of up to $200 when opening a new Online Savings account by June 3, 2019. Here are the bonus details:

Bonus Requirements

• Open an Online Savings account by June 3, 2019.
• Use offer code NPBE519 when applying.
• $150 bonus – fund with at least $15k by June 17, 2019.
• $200 bonus – fund with at least...

The rates on Missouri-based UNICO Bank’s (UNICO) long-term CDs haven’t changed for six months. In December, UNICO’s rates were “meh,” but in the current climate of falling rates, the 36-, 48-, and 60-month CDs have become very competitive. All of UNICO’s CDs require a $1k minimum deposit, with no stated balance cap.

The long-term CDs are also available as...

Earlier this month, Partner Colorado Credit Union (Partner Colorado) raised the rate on its High-Interest Checking account to 3.50% APY on qualifying balances up to $10k. (While the cap is low, the APY is definitely competitive.) Qualifying balances between $10k-$25k earn 0.50% APY, with qualifying balances over $25k and non-qualify balances both earning 0.10% APY.

Qualifying Requirements

Since I last wrote about the High-Interest Checking account in 2013, the qualifying...

This was another week with only a few rate changes on savings and money market accounts. Unfortunately, one was a rate cut. Most of the internet banks have kept their savings account rates unchanged since early this year. This will likely continue as long as the Fed holds rates steady. Below are the noteworthy savings and money market account rate changes that have occurred in the last two weeks:

• Investors eAccess 6-mo No Penalty CD (new, 2.50% APY, $500 min)
• USALLIANCE Financial High Dividend Savings (+3 bps to 2.50% APY, $500 min)
• CIT...

Growing concerns about the economic impact of a trade war along with additional weak inflation data have driven down Treasury yields and raised the odds of a Fed rate cut for later this year. Boston Fed President Eric Rosengren said the following in a recent interview with Reuters:

In addition to the risk from the tariffs, inflation data continues to be weak. On Friday, the Labor Department released April CPI data. Core CPI rose 0.1%, which was below the consensus of 0.2%. The Fed has maintained that low inflation data is...

Malvern Bank has introduced a new rewards checking account (RCA), the Kasasa Cash account, which earns 3.00% APY on qualifying balances up to $25k. Qualifying balances above $25k earn 0.50% APY, with non-qualifying balances earning 0.05% APY. The minimum opening deposit is $100.

Malvern Bank previously offered another RCA (Reward Plus Checking) that was discontinued in 2011. All existing...

More than two years ago, KALSEE Credit Union (KALSEE) began promoting a new Kasasa Cash checking account. That account is still available and continues to earn 3.00% APY on qualifying balances up to $25k. This week, KALSEE took the unusual step of adding a second Rewards Checking Account: the Kasasa Cash+ account, which earns 4.25% APY on qualifying balances up to $25k. Qualifying balances over $25k earn...