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.

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United Texas Bank Adds 24-Month CD (1.75% APY)
Availability: 24-month CD, 1.75% APY, $1k minimum; Lone Star Money Market, 1.55% APY ($250k+ balance) and 1.05% APY (<$250k balance).

Availability: Market area is greater Dallas metro area.

Last Sunday’s Dallas Morning News featured an ad for United Texas Bank’s (UTB) 24-month CD and Lone Star Money Market.

The 24-month CD (1.75% APY) requires a minimum deposit of $1k, with no stated balance cap. Interest on the 24-month CD will be compounded on an annual basis and credit on an annual basis.

As stated on the Personal Savings Account page, the...

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Star One Credit Union (CA) Raises Rates On Three Liquid Accounts
Deal Summary: Special Savings,1.10% APY, no min/no max; Money Market Savings, 1.10% APY, $50 min/no max; Rewards Checking, 1.10% APY, $100 min/no max.

Availability: Residents of Santa Clara County, California; employees/contractors/retirees of 90+ SEGs, including Lockheed-Martin, Yahoo!, and Cirrus Logic.

In the beginning of April, Star One Credit Union (Star One) raised the rates on three of its liquid accounts (Special Savings, Money Market Savings, Rewards Checking) to 1.10% APY.

Special Savings

In the past four months, the Special Savings account has had three rate increases, adding 25...

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CD Investing: Do I Really Need Another Credit Union?
CD Investing: Do I Really Need Another Credit Union?

There have been some pretty attractive credit union deals of late, including some offered by “easy membership requirement” (aka/“all-access”) credit unions on a nationwide basis. I have a problem with many of these deals, however: it’s that I don’t already belong to the credit unions involved, and have placed a moratorium on joining any more.

Where I Am Today—and How I Got There

Currently, I’m a member of 17 NCUA-insured credit unions. Approximately 47% of the value of my non-IRA portfolio is represented by CD accounts at those institutions....

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Associated Credit Union of Texas Has Competitive Premier Checking
Deal Summary: Reward Checking Account called Premier Checking, 3.00% APY up to $20k.

Availability: Individuals who live, work, worship, or attend school in the Texas counties of Brazoria, Galveston, or Harris, or within ten miles of the Brenham branch location.

Associated Credit Union of Texas’ (ACU of Texas) Premier Checking currently earns 3.00% APY on qualifying balances up to $20k. Qualifying balances of $20k+ earn 0.05% APY, as do non-qualifying balances.

Premier Checking Monthly Qualifying Requirements

  • At least 10 signature-based debit card transactions.
  • Direct Deposit of at least $500.
  • Receive...
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PathFinder Bank (NY) Promotes 18-Month CD Special
Availability: 18-month CD Special, 1.65% APY, $1k minimum deposit, new money required.

Availability: Market area includes Onondaga and Oswego Counties, New York.

Earlier this month, PathFinder Bank added an 18-month CD Special (1.65% APY). The minimum deposit is $1k of new money, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty for the 18-month CD Special is six months interest. CSR also stated that partial withdrawals are not permitted and a withdrawal will result in the closure of the CD.

Availability

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Discover Bank Increases Savings Account Rate To 5-Year High

Deal Summary: Online Savings Account, 1.01% APY, No minimum balance

Availability: Internet Bank

Today Discover Bank increased the rate of its Savings Account from 0.95% to 1.01% APY. While this isn’t an exceptional rate for an online savings account, it’s another sign that banks are slowly starting to respond to the Fed rate hikes. Discover Bank is one of the big internet banks, and it’s always nice to see rate hikes at these banks.

The 1.01% APY applies to all balances. In March, Discover Bank removed the $500 minimum deposit...

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OneWest Bank Offers $200 Checking Bonus
Deal Summary: $200 checking bonus when opening a new Premium Checking or OneAccount, available through May 31, 2017.

Availability: Market area is southern California.

Now through May 31, 2017, OneWest Bank is offering a $200 bonus when opening a new Premium Checking or new OneAccount Checking account. The bonus is available as eight different Reward Options, one of which is a $200 VISA prepaid card.

$200 Bonus Requirements

  • Open a new Premium Checking ($1k minimum deposit) or OneWest Checking ($50k minimum deposit) account.
  • Within 30 days of account opening, sign up...
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USALLIANCE Financial Adds 36-Month High Yield CD (2.20% APY)
UPDATE 4/27/17: Following a Live Chat this morning, I have included what USALLIANCE states is the correct information on the 36-Month High Yield CD Special.

Deal Summary: 36-month High Yield CD Special, 2.20% APY, new money, $500 minimum deposit, no stated balance cap.

Availability: Easy membership requirement.

4/27/2017 Live Chat Highlights

    Live Chat: All our CDs are available as retirement CDs. Even CD Specials.

    Member: So what I saw yesterday was an error?

    Live Chat: Must have been we do not limit...

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CD Rates Summary April 25, 2017
CD Rates Summary April 25, 2017

Next week there will be another Fed meeting, but it should be uneventful. There’s no press conference after the meeting (which is scheduled to end on May 3), and no one is expecting a rate hike. The June Fed meeting is a different story. The odds of a rate hike at that meeting (scheduled for June 13-14) have increased since last week. According to this Reuters article:

The Fed will probably be in a wait-and-see mode regarding fiscal stimulus. For the short term, economic news will be a more important driver...

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Public Service CU (CO) Has Limited-Time Promo 21-Month CD
Deal Summary: 21-month CD, 1.80% APY, $1k minimum, available through June 30, 2017.

Availability: Colorado residents; Partner Companies and Select Employee Groups.

Now through June 30, 2017, Public Service Credit Union (PSCU) is offering a 21-month CD that earns 1.80% APY. The minimum opening deposit is $1k, with no stated balance cap.

As stated in the Truth In Savings document, the Early Withdrawal Penalty reads as follows:

Thanks to the DA reader who saw this CD advertised in a Colorado newspaper.

Availability

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Sandy Spring Bank (MD/VA) Has $150 Checking Bonus
Deal Summary: $150 Checking Bonus; 27-month Premier CD Special, 1.75% APY, $10k minimum, checking relationship required.

Availability: Market area includes portions of Maryland and Northern Virginia.

At the end of February, the $150 checking bonus being offered by Sandy Spring Bank expired. The Bank is again offering a $150 bonus (available through May 31, 2017), but this time a Direct Deposit is required, with no debit card purchase transactions required.

Bonus Requirements

  • Open a new checking account online, in-branch, or by phone.
  • Enroll in eStatements
  • Minimum $250 in Direct Deposit...
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Randolph Savings Bank Offers Apex Checking In New England And Florida
Deal Summary: Apex Checking, 2.75% APY, up to $25k.

Availability: Residents of Connecticut, Florida, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Randolph Savings Bank’s (RSB) Apex Checking currently earns 2.75% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.01% APY, as do non-qualifying balances.

Apex Checking Qualifying Requirements

  • Have at least ten debit card purchases.
  • Direct deposits totaling at least $2.5k.
  • Enroll in E-Statements.

The Apex Checking account requires a minimum deposit $10 to open. Unlimited foreign (i.e., non-RSB) ATM fees will be reimbursed, if...

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