Bank Deals Blog

Deal Summary: No-Penalty 11-month CD (1.45% APY, $1k minimum)

CIT Bank increased the rate of its 11-month No-Penalty CD by 20 bps to 1.45% APY. Minimum deposit is $1,000. The No-Penalty CD allows the customer to withdraw the total balance and interest earned without penalty seven days or later after funds have been received. Partial withdrawals of principal are not permitted.

CIT Bank began offering the No-Penalty CD in early July at the same time the savings account rate was increased to 1.30% APY...

This is the latest good news, bad news, and hopeful news about Salem Five Direct's eOne Savings account.

Good news – the rate has been increased to 1.35% APY and the balance cap has been raised to $1 million.

Bad news – the fine print on the promotion page reads,

And in a Live Chat today, CSR stated,

Hopeful news, maybe – in May, a few DA readers reported that their requests...

Last week, Old Missouri Bank (OMB) began offering a limited-time 19-month CD (1.76% APY). The minimum opening deposit is $5k and, according to the promotion page, there is a “maximum balance of $500,000 per household.”

According to CSR, the Early...

While Georgetown Bank has been offering its Classic CDs for more than six years, the Bank has recently added several Classic CD Specials. Of the eight new Classical CD Specials, the 18-month (1.75% APY) and 36-month (2.00% APY) are the most competitive. A $10k minimum deposit is required to open any of...

For a limited time, Bank of Sun Prairie is offering 2.00% APY on its 24-month (and 60-month) CD Promotion. The minimum deposit is $10k, with a $250k balance cap. For obvious reasons, I’m only addressing the 24-month CD Promotion.

The 24-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

A one-time rate bump option is available for any Bank of Sun Prairie CD...

We may be in the doldrums of the dog days of summer, but Island Federal Credit Union (Island FCU) has perked up its product line with an 11-month Certificate Special (1.75% APY). (There are actually a total of four Certificate Specials, but the 11-month is the only competitive one.) The minimum deposit is $1k...

On Wednesday the Fed releases the minutes of its July FOMC meeting. That may provide clues on whether we should expect a December rate hike. One important thing to look for is more concerns that the recent low inflation may not just be a temporary condition. Last Friday, the Labor Department released its July CPI report, and as CNBC reported:

There was some positive economic news today. As reported by Reuters, “U.S. retail sales recorded their biggest increase in seven months.”

Even though inflation news isn’t encouraging for a rate hike,...

For a limited time, Red Rocks Credit Union (Red Rocks CU) is offering special tiered rates based on deposit levels ($10k, $50k, $100k) on its 12-month and 24-month Share Certificates. New money (defined as “funds held outside Red Rocks Credit Union”) is required to open these Share Certificates, and the promotion...

At the end of last week, First Bank of Tennessee (FBT) boosted the rate on its 60-month Quarterly COD (2.62% APY) by an impressive 162 bps. The minimum deposit is $500, with no stated balance cap.

The 60-month Quarterly COD is also offered as an IRA (Traditional), earning the same APY with the same funding requirements.

For the vast majority of the past four years, the 60-month Quarterly COD’s APY remained at 1.00%, with two very short-lived...

Now through October 31, 2017, Popular Community Bank (PCB) is offering up to $500 in bonuses when opening a new Popular Prestige or Popular Everyday checking account.

Bonus Requirements

It’s possible to earn $200, $300, or $500 in bonuses:

• $200 bonus for establishing a recurring monthly direct deposit within 60 days of account opening.
• $300 bonus for depositing $10k+ of...