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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Triangle Credit Union (NH/MA) Hikes 28-Month CD Special Rate

Deal Summary: 28-month CD Special, 1.70% APY, $1k minimum deposit

Availability: Residents of the New Hampshire counties of Belknap, Cheshire, Hillsborough, Merrimack, and Rockingham, and the Massachusetts counties of Essex, Franklin, Middlesex, and Worcester.

New Hampshire-based Triangle Credit Union (Triangle CU) is currently offering three CD Specials, but the 28-month CD Special (1.70% APY) is the only one which has a competitive rate. The minimum deposit is $1k, with no stated balance cap.

The 28-month CD Special was added to Triangle CU’s product line in late January 2016, with...

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Arbor Financial Credit Union (MI) Has "Lucky 7" 7-Month CD Special

Deal Summary: “Lucky 7” 7-month CD/IRA Special, 1.27% APY ($25k min), 1.07% APY ($500 min)

Availability: Residents of 21 southwest Michigan counties.

Arbor Financial Credit Union (Arbor Financial) has added a “Lucky 7” 7-month CD Special (1.27% APY, $25k min; 1.07% APY, $500 min).

The 7-month CD Special is also offered as an IRA (Traditional, Roth) earning the same tiered APYs, with the same funding requirements.

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

The penalty we may impose will equal...

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Earn Up To $300 In Bonuses At OceanFirst Bank (NJ)

Deal Summary: Simply Great checking bonuses, up to $300

Availability: Market area includes Atlantic, Cape May, Cumberland, Gloucester, Middlesex, Monmouth, and Ocean Counties, New Jersey.

For a limited time, OceanFirst Bank is offering up to $300 in bonuses when opening a new Simply Great checking account.

As described in OceanFirst Bank's promotion page, there are three different bonuses, each predicated on different activities.

  • $50 - Paid when opening a new Simply Great checking with an OceanFirst Visa® CheckCard.
  • $50 – Set up a recurring Direct Deposit (DD); 75 days after the DD has...
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First Internet Bank Boosts All CD Rates

Deal Summary: 48-month CD, 1.87% APY, $1k minimum deposit

Availability: Nationwide (internet bank)

First Internet Bank (First IB) raised the rates on most of its CDs yesterday. The new rates are some of the best APYs offered by internet banks. Of all the CDs, the 48-month (1.87% APY) is most competitive when compared to both brick-and-mortar banks and internet banks.

The minimum deposit for the 48-month CD is $1k, with no stated balance cap. It is also available as an IRA (Traditional, Roth, and CESA) earning...

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New Internet Bank, PurePoint Financial, Debuts Top National Rate

Deal Summary: 12-Month CD, 1.40% APY; $10k minimum deposit. Online Savings, 1.25% APY, $10k minimum.

Availability: Nationwide

When I have the occasion to write about a new bank, “new” usually means opened in the recent past; in the case of PurePoint Financial, “new” means yesterday, literally. PurePoint Financial is an online division of MUFG Union Bank, N.A. (Union Bank) which itself is a subsidiary of Mitsubishi UFJ Financial Group, a bank holding company which is the 5th largest financial group in the world with total assets of over...

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Primary Bank (NH) Has Limited Time 2- And 4-Year Choice CDs

Deal Summary: 4-Year Choice CD, 2.25% APY; 2-Year Choice CD, 1.50% APY; $10k minimum deposit

Availability: New Hampshire

For a limited time, Primary Bank is offering two special CDs: 2-year Choice CD (1.50% APY) and 4-year Choice CD (2.25% APY). The minimum deposit is $10k, with no stated balance cap. Of the two, the 4-year Choice CD is the more competitive.

According to CSR, the Early Withdrawal Penalty for the 2-year Choice CD is 12 months dividends and 15 months dividends for the 4-year Choice CD.

Availability

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Sandy Spring Bank (MD/VA) Ups 27-Month Premier CD Special Rate

Deal Summary: 27-month Premier CD Special, 1.70% APY, $10k minimum deposit, checking relationship required

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

Almost two years ago, I wrote about Sandy Spring Bank’s 27-month Premier CD Special. Since that time, the CD has experienced more than 25 rates changes, eleven of which were increases that occurred in the past six months. The latest rate increase happened yesterday, resulting in the highest rate in the CD’s history – 1.70% APY. The minimum deposit is $10k...

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Best Bank Account Interest Rates - Summary for February 21, 2017
Best Bank Account Interest Rates - Summary for February 21, 2017

Economic data released in the last week has slightly raised the chance of a Fed rate hike in March. Last Wednesday, the Labor Department released the Consumer Price Index for January. The CPI increased 0.6% last month which was much higher than the expected 0.3% increase. The core CPI increase also exceeded expectations (0.3% vs 0.2%). The retail sales report was also released last Wednesday, and the report showed that sales increased more than expected in January. This gives the Fed some justification to raise rates at its next FOMC...

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Greater Iowa Credit Union Has New 22-Month CD Special

UPDATE 2/21/2017: Greater Iowa Credit Union may have an Easy Membership Requirement. Details in the Availability Section below.

Deal Summary: 22-month CD Special, 1.81% APY, $1k minimum

Availability: Residents of 33 Iowa counties; several SEGs; members of previously merged credit unions; military relationship.

Greater Iowa Credit Union (GICU) has been quite prolific with its CD Specials, which change on a monthly basis. One of this month’s offerings is a 22-month CD Special (1.81% APY). The minimum opening deposit is $1k, with no stated balance...

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BMO Harris Bank Adds Three Relationship CD Specials

Deal Summary: Limited-time CD Specials with checking relationship: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY, minimum $5k deposit.

Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

BMO Harris Bank is currently offering three limited-time CD Specials: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY. All three CD Specials require a companion BMO Harris Bank checking account, either new or existing.

BMO Harris Bank has four checking accounts to choose from: Everyday Checking, Select Checking,...

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Westfield Bank Offers $100 Checking Bonus

UPDATE 2/22/2017: Availability has changed.

Deal Summary: Dream Big Checking, 1.66% APY up to $15k; $100 new account bonus available through March 13, 2017.

Availability: Nationwide Ohio

Now through March 13, 2017, Westfield Bank is offering a $100 bonus when opening a new Dream Big Checking account, which currently earns 1.66% APY on qualifying balances up to $15k. Qualifying balances and non-qualifying balances both earn 0.15% APY.

$100 Bonus Requirements

  • Open a new Dream Big Checking account on or before March 13, 2017.
  • Minimum deposit of $100 of new money.
  • The $100 bonus...
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First Bank Financial Centre (WI) Has $300 Checking Bonus

Deal Summary: $300 New Checking Account Bonus; Relationship Money Market Account promo rate, 1.30% APY (guaranteed for 180 days), $15k min/$250k max of new money.

Availability: All Wisconsin residents.

Now through May 12, 2017, First Bank Financial Centre (FBFC) has a $300 bonus on new checking accounts.

$300 Bonus Requirements

  • Open a new checking account (minimum $100 of new money) entering online promo code Bank300 or using a copy of the flyer if opening in-branch.
  • Have a recurring Direct Deposit (minimum $250) within 45 days of account opening, OR,
  • Five signature...

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