Bank Deals Blog

Week #8 of the college football season has just ended. While my team isn’t doing as well as I had hoped and needs some help, Ascentra Credit Union (Ascentra CU) is helping its members “Kickoff Your Savings” with a 48-month CD Special that earns 2.45% APY. This limited-time offer requires a minimum deposit of $500, with no stated balance...

Over the weekend, California-based Kinecta Federal Credit Union (Kinecta) raised the rates on its 5-year Jumbo Share Certificate (2.50% APY, $100k minimum) and 5-year Share Certificate (2.25% APY, $1k minimum).

The 5-year Share Certificates are also offered as IRAs, earning the same APYs with the same funding requirements.

According to the fine print on the Promotion Page, the 5-year Share and Jumbo Share Certificates qualify for a VIP...

Bethpage Federal Credit Union (Bethpage) ended the week by adding an 11-month No-Penalty Certificate (1.50% APY). The minimum opening deposit is only $50, with no stated balance cap.

According to the fine print on No-Penalty Certificate promotion page,

And most importantly,

The No-Penalty Certificate is also offered as an IRA (Traditional, Roth), earning the same APY with the same funding requirements and no-penalty option.

Thanks to DA reader, alan1, for his Forum...

In July, I had written about ConnectOne Bank and its special 15-month CD. At that time, this CD was available online to residents of New York and New Jersey. I’m happy to report that ConnectOne Bank is now offering their CDs nationwide. Rates have remained competitive, and now the bank’s 24-month CD has become very competitive. The rate increased today to 2.12% APY. The minimum opening deposit is $500. The online application limits the maximum...

Yesterday, R.I.A. Federal Credit Union (RIA FCU) unveiled its “Dream Your Way To Higher Rates” promotion on its 18-, 24-, 36-, and 60-month Share Certificates. Immediate bump rates of an additional 0.10% ($5k...

ableBanking (internet division of Northeast Bank) is the latest bank to become a player in the nationally available 1-year CD rate race, by adding 30 bps to its 1-year CD (1.70% APY). The minimum deposit is $1k, with a balance cap of $240k.

The 1-year CD was part of the product line when ableBanking opened its virtual doors in 2012. Four months after the 1-year CD debuted, the...

AAC Credit Union (AACCU) has added a 25-month Autumn CD Special, which earns 2.05% APY. The Autumn CD Special can be opened with a $500 minimum deposit, with no stated balance cap.

AACCU currently has two other CD Specials (13-month, 1.51% APY; 60-month, 2.27% APY), but neither has a very competitive rate.

As stated in the CD Disclosure document, the Early Withdrawal Penalty reads as follows:

Deal Summary: Most competitive are the 18-month (1.76% APY) and 1-year (1.61%); $1k minimum deposit

PenFed Credit Union (PenFed) increased the rates on all of its Money Market Certificates (CDs) today. PenFed typically changes rates at the start of each month, so this increase is a good sign that PenFed saw the need to do another rate hike so soon after its October 1st increase. The new rates aren’t exceptional, but they are competitive. The most competitive ones are the 18-month CD (1.76% APY) and the 12-month...

Idaho Central Credit Union (Idaho Central) is continuing to offer competitive promotional rate CDs, with the latest offerings including two Freedom CDs: 1-year (1.75% APY) and 2-year (2.00% APY). The minimum deposit is $500, with no...

For more than two years, First Federal Credit Union (First Federal) has offered a variety of CD Specials with attractive rates. The latest offering includes a 10-month (1.75%), 20-month (2.00%), and 30-month (2.25% APY) CD Special. Of the three, the 10- and 20-month are the most competitive.

The CD Specials require a $10k minimum opening deposit of new money, with no stated balance cap.

Last Friday’s consumer inflation report that showed a surge in inflation is unlikely to have any impact on the Fed. Higher energy prices due to Hurricane Harvey was the main reason for the surge in the consumer price index (CPI), but the core CPI which excludes food and energy rose a much smaller amount (0.1%), and on a yearly basis, the core CPI remains unchanged at 1.7% for the fifth month in a row. Even though core CPI isn’t the preferred inflation index for the Fed, it does add to...

Now through October 23, First Community Credit Union (First Community CU) is offering a special rate on its 24-month CD (2.00% APY). The minimum deposit is $500, with no stated balance cap.

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