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.
Deal Summary: Rewards Checking, 3.00% APY on qualifying balances up to $15k.
Availability: Bell County and McLennan County, Texas
A year ago, Security Bank of Crawford (Security Bank) was one of the few Texas-based banks that offered Kasasa brand products statewide. That ended two months ago when Security Bank stopped offering the Kasasa Cash and Kasasa Saver accounts and added a Rewards Checking account that’s only available locally. The Rewards Checking currently earns 3.00% APY on qualifying balances up to $15k (just like the Kasasa Cash...
Availability: Residents of Macomb, Oakland, St. Clair, and Wayne Counties, Michigan; several SEGs, including churches and affiliated schools.
Following my July 2020 blog post about the 60-month CD offered by Christian Financial Credit Union (CFCU), the long-term CD lost 65 bps in eight months. CFCU improved the 60-month CD rate earlier this month by adding 15 bps. Currently earning 1.25% APY, the 60-month CD can be opened with a minimum $1k deposit; there is no stated balance...
POSTED ON WEDNESDAY, OCTOBER 20, 2021 BY KEN TUMIN
Deal Summary: 18-month CD Special, 0.95% APY, $500 minimum deposit
Availability: Residents of eight central Oklahoma counties (Oklahoma City metro area); more than 300 Employee Partners.
Last month, I wrote about Oklahoma’s Credit Union’s (OKCU) promotional 24-month Jumbo CD (1.05% APY, $100k minimum), which is still being offered. OKCU has added another promotional rate certificate: an 18-month CD Special earning 0.95% APY. Unlike the 24-month Jumbo CD (which is the only Jumbo CD in the OKCU product line), 18-month CD Special can be opened with a $500...
There weren’t many CD rate changes in the last two weeks. No major online bank had any CD rate changes. For the less-well known online banks and easy-membership credit unions, about half of the noteworthy rate changes were rate hikes.
The two most noteworthy of the CD rate changes were rate hikes at the credit unions PenFed and Veridian.
On October 8th, PenFed increased three of its long-term CD rates. Its 7-year CD had the largest rate gain, rising 40 bps to 1.50% APY. The 5-year and 3-year CD rates went...
Last week’s release of the September Consumer Price Index (CPI) report showed that inflation is continuing to run hot. CPI for September increased to 5.4% on an annual basis, which was above expectations for a 5.3% increase. Core CPI, which excludes food and energy, increased 4.0% on an annual basis, mostly inline with expectations. These inflation numbers are at 30-year highs, and they reinforce the likelihood that high inflation will persist into 2022.
One component of stagflation is high inflation. Another component is high unemployment. The news last week on retail...
Deal Summary: 15-month CD Special, 1.35% APY, $500 minimum deposit, new money.
Availability: Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.
Now through October 30, 2021 Connex Credit Union (Connex) is offering a 15-month CD Special earning 1.35% APY. The minimum opening deposit is $500 of new money, which is defined as “funds that are new to Connex Credit Union. Funds currently on deposit at Connex are not eligible.”
As stated in the Truth-in-Savings document, the Early Withdrawal Penalty (EWP) reads as follows.
Deal Summary: Awards Checking, 2.50% APY, on qualifying balances up to $20k.
Availability: 13 Wisconsin counties.
WCCU Credit Union’s (WCCU) rewards checking account, Awards Checking, has been part of the product line for more than eleven years. Awards Checking currently earns 2.50% APY on qualifying balances up to $20k. Qualifying balances greater than $20k earn 0.25% APY, with non-qualifying balances earning 0.10% APY.
The 2.50% APY has been in effect for nearly a year. Since DA began tracking the Awards Checking, there have been seven rate...
Deal Summary: $200 bonus when opening a new checking account, available now through December 31, 2021.
Availability: Residents of 12 Colorado Front Range and two Colorado Central Mountain counties; civilian and military personnel of the Colorado Air National Guard, Colorado Army National Guard, and Buckley Air Force Base.
Now through December 31, 2021, Ent Credit Union (Ent CU) is offering a $200 bonus for new and existing members who open a new No Strings Checking account. The requirements to earn the $200 are almost effortless, making this...
Deal Summary: CD Ladders with CDs that range from 1-year (0.60% APY) to 5-year (1.10% APY), $25k minimum deposit for the overall CD Ladder.
In today’s world of low rates and high inflation, CDs have little appeal. Unfortunately, there aren’t many alternatives today for your “safe” money. In this type of environment, it can seem to make more sense to keep all of your “safe” money in liquid bank accounts while you wait for rates to rise. The problem is that it may be a longer wait than...
Deal Summary: $300 checking bonus when opening a new Fifth Third checking account, now through December 31, 2021.
Availability: Market area includes FL, GA, IL, IN, KY, MI, MO, NC, OH, PA, SC, TN, and WV. Eligibility is determined by Zip Code.
For the past several years, Fifth Third Bank has regularly offered a bonus for opening a new checking account. The last time I wrote about this promotion in 2017, the bonus was $200 – it’s now $300 and available now through the end...
Deal Summary: $150 or $200 bonus when opening a new Online Savings account, now through December 15, 2021.
Availability: Nationwide (internet bank)
Discover has been offering a $150 bonus or $200 bonus when opening a new Online Savings account since late 2017. (In early 2017, the bonus was only $100.) This current promotion runs through December 15, 2021, and is available to new customers only: existing or prior Discover savings customers are not eligible.
Open a new Online Savings account by December 15, 2021 at this promo...
Deal Summary: $150 Affinity Cash Back Debit bonus, available online to new members now through December 31, 2021.
Availability: Easy membership requirement
Now through December 31, 2021, Affinity Federal Credit Union (Affinity FCU) is offering a $150 bonus for new members who open an Affinity Cash Back Debit account. “New members” are defined as those who have never had an Affinity FCU membership. As stated in the fine print on the bonus promotion page, qualifying for the $150 bonus includes the following:
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.