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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Capital One 360 Offers $100 Money Market Bonus
Availability: Nationally available

In March, I wrote about Capital One 360’s new 360 Money Market, which currently earns 1.00% APY on balances of $10k+.

For the next ten days, Capital One 360 is offering a $100 bonus when opening a new 360 Money Market account by December 15, 2016, and depositing at least $10k by December 31, 2016.

The requirements to earn the $100 bonus are straightforward:

  • Open your “very first” 360 Money Market account online by December 15, 2016.
  • Use the promo code “Merry100.”
  • Deposit at least $10k (from an external account)...
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27-Month CD Special (Blended APY) Offered By Cornhusker Bank (NE)
Availability: Market area is Lancaster County, Nebraska, and nearby areas.

Last week, I wrote about Cornhusker Bank’s new Power Checking account, which earns 3.50% APY on qualifying balances up to $25k, and I’m starting this week with Cornhusker Bank’s new 27-month CD Special (1.68% blended APY). The minimum deposit is $1k, with no stated balance cap.

The 27-month CD Special’s blended APY is broken as follows:

  • 1.25% - First 18 months
  • 2.50% - Last 9 months
  • 1.68% - Total term (27 months)

The CD Special is also offered as an IRA...

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Prized-based Savings Accounts – Who Wins?
Prized-based Savings Accounts – Who Wins?

Sometimes, all people need is a little incentive. Employers do it all the time, especially when it comes to sales. Banks and credit unions are doing it too. But is it a good thing?

In 2009, Michigan became the first to start a Save to Win program, with prized-linked savings accounts to entice people to save, especially those with low to moderate income. Two years ago, Congress passed a bill signed by President Obama, that opened the door for banks and other financial institutions to encourage people to save by...

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Dayton Firefighters FCU (OH) Hikes Long-Term CD Rates
Availability: Residents of Green, Miami, and Montgomery Counties, Ohio.

Dayton Firefighters Federal Credit Union (DFFCU) ended November by raising the rates on two of its long-term Money Market Share Certificates: 48-month (2.14% APY) and 60-month (2.33% APY). Both Money Market Share Certificates (DFFCU’s version of CDs) require a minimum deposit of $2K to open, with no stated balance cap.

The 48-month and 60-month are available as IRAs (Traditional, Roth, and CESA), earning the same APYs with the same funding requirements.

Since January, there have been nine rate...

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People's CU (RI) Adds 10-Month CD Special
Availability: Anyone who can visit a branch location is eligible to join.

People’s Credit Union (Peoples CU) is offering a 10-month CD Special (1.15% APY). While most of People’s CU’s CDs require a low $500 minimum deposit, the 10-month CD Special has a $5k minimum deposit, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty is 3 months of interest.

Availability

People’s Credit Union is headquartered in Middletown, Rhode Island, on Aquidneck Island halfway between Portsmouth and Newport.

The field of membership (FOM) is not listed...

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First Service CU (TX) Adds New High Yield Checking
Availability: Residents of Harris and Waller Counties, Texas; over 140 SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes.

The start of a new month seems to be a popular time to add new product line items. First Service Credit Union (First Service) began December by introducing its High Yield Checking account, which earns 2.25% APY on qualifying balances up to $20k. Qualifying balances of $20k+ earn 0.30% APY, with non-qualifying balances earning 0.01% APY. The High Yield Checking account replaces First Service’s Right Rewards Checking account.

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Andrews FCU Extends Black Friday CD Deals Through 12/31/2016

UPDATE 12/1/16: The Black Friday CD deals have become "Holiday" CD deals, and are extended through December 12/31/2016.

Availability: Easy membership requirement

On Monday, DA reader and contributor, ChasR, posted about Andrews Federal Credit Union (Andrews FCU) Black Friday Share Certificate deals, which are available now through November 30 December 31, 2016: 3-month Share Certificate (3.01% APY), 18-month Share Certificate (1.81% APY), and 84-month Share Certificate (3.01% APY).

The minimum opening deposit is $1k and the minimum balance to earn the stated APYs is $1k. Dividends are compounded...

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CIT Bank’s Limited-Time High Yield Savings Account Bonus - Up to $200
Availability: Nationwide

CIT Bank is offering a cash bonus of up to $200 for opening its High Yield Savings account. The account must be opened and funded on or before December 31, 2016. The minimum initial deposit to qualify for the bonus is $25,000, and this money must be new, i.e. not already be on deposit at CIT Bank or its OneWest Bank division. Existing customers can qualify, but a new savings account must be opened, and it must be funded with new money. There are three bonus amounts ($95,...

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Cornhusker Bank (NE) Starts New Month With New Rewards Checking
Availability: Market area is Lancaster County, Nebraska, and nearby areas.

As of this morning, Cornhusker Bank is offering a new Rewards Checking Account – the Power Checking account, which earn 3.50% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.20% APY, with non-qualifying balances earning 0.01% APY.

Qualifications

  • At least 18 debit card purchases each statement cycle.
  • Enrollment in e-Statements.
  • At least one Direct Deposit (no minimum stated) per statement cycle.

The Power Checking account has no minimum balance requirement or monthly service fee, but does requires a minimum...

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PenFed Credit Union Raises Short-Term CD Rates - Top 1-Year Rate
Availability: Easy membership requirement

Three years ago PenFed Credit Union (PenFed) kicked off December with a hot 5-year CD rate. There are no hot deals to report, but PenFed is kicking off December with some higher CD rates. PenFed raised rates on four of its short-term Money Market Certificates (their version of CDs) with the 1-year term (1.36%) being the most competitive. Unfortunately, PenFed lowered rates on its longer-term CDs. All terms of 2 years and longer now have APYs of 1.51%. It’s disappointing to see PenFed with uncompetitive long-term...

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WSFS Bank Adds 22- And 37-Month Promo Rate CDs
Availability: Market area includes Delaware, Maryland, New Jersey, Pennsylvania, and Virginia.

Wilmington Savings Fund Society, aka WSFS Bank, has added two Promotional Fixed Rate CDs: 22-month (1.50% APY) and 37-month (1.80% APY). The minimum opening deposit is $2.5k, with no stated balance cap.

Both are also offered as IRAs (Traditional) earning the same APYs, with the same funding requirements.

As stated on the Fixed Rate CD page, the Early Withdrawal Penalty reads as follows:

For a term of 13 or more months, the penalty is 12 months' interest.

Availability

...
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First Federal CU (IA) Offers New CD Specials
Availability: Residents of Linn County, Iowa

For the past 18 months, First Federal Credit Union (First Federal CU) has offered a variety of CD Specials. The latest include a 16-month CD Special (1.50% APY) and a 29-month CD Special (2.00% APY), with the latter being the most competitive.

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

According to CSR, the Early Withdrawal Penalty for the CD Specials is formula-based, using the variables of the amount being withdrawn and the amount of...

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