Bank Deals Blog

Texas Trust Credit Union (Texas Trust) recently increased the rate on its Power Checking account from 1.00% APY to 3.00% APY on qualifying balances between $5k and $100k. Balances below $5k and about $100k do not earn any interest. The minimum opening deposit is $5k.

Other than maintaining a minimum $5k balance, the only other monthly requirement to...

Since the beginning of the year, I’ve written seven blog posts about the competitive rates offered by MutualOne Bank on its Online CDs. Following a 51 bps increase yesterday, the 7-month Online CD (2.78% APY) is the star of the eighth blog post. The minimum opening deposit is $500 and there is no stated balance cap. Since the beginning of the year, there have four rate increases for the 7-month Online CD, adding a...

Act fast!

Level One Bank’s aptly named Flash Savings Account (3.10% APY) is only available through December 15, 2018. While a minimum $50k of new money is required to open, all balances between $.01 and $250k earn 3.10% APY; that rate is guaranteed for six months. Balances greater than $250k will earn 0.25% APY. More details are available...

This is my second weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post. Please use the comments of this...

This is my second weekly review of the Fed, the economy and what we can expect of future deposit rates. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My liquid account summary is now available at this link). This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. To avoid...

This morning, Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) increased the rates of five of its High-yield CDs and of its new 13-month No-Penalty CD. There was no rate change on the Online Savings Account. Out of the six CD rates that increased, the new 13-month No-Penalty CD rate (2.25% APY) is the most competitive. All six of the new APYs are shown below in...

Belmont Savings Bank (Belmont Savings) is offering a limited-time 7-month Holiday CD Special earning 2.75% APY. The minimum opening deposit is $500 of “new-to-bank” money or with funds “from a maturing Belmont Savings CD at its maturity date.” The maximum allowed deposit is $1 million and there is a limit of one CD Special per taxpayer identification...

Last week, Hanscom Federal Credit Union (Hanscom FCU) added a 19-month CD Special earning a competitive 3.00% APY. The minimum opening deposit is $1k, with no stated balance cap.

In the past, Hanscom FCU has required a checking relationship with its promotional CDs, but the 19-month does not require a checking account to earn the stated APY.

As stated in the Disclosure for Personal...

1^st MidAmerica Credit Union (1^st MidAmerica) recently raised the rate on its 35-month CD to 3.39% APY. Added to the product line in late November, the 35-month CD originally earned 3.03% APY. A minimum $1k opening deposit is required, with no stated balance cap.

The 35-month CD is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

Since the beginning of the year, Argentine Federal Savings (AFS) has been offering limited-time competitive rates on its 14-month CD Special. As DA reader, TheseGoTo11, noted in a Forum post this weekend, AFS has upped the rate to 3.25% APY. The minimum deposit is $1k of new money, with no stated balance cap.