Bank Deals Blog

As DA reader, evol97, noted in a Forum post this week, New York-based BrioDirect is offering 5.35% APY on its High-Yield Savings account, and as DA reader, enduser, noted in that post, the application for this account is now available at the BrioDirect website.

According to the Truth-in-Savings disclosure on the BrioDirect website,

• A minimum collected daily balance of $25 required to earn stated APY.
• There is a $5k minimum opening deposit.
• No monthly...

Over the weekend, Texas-based Credit Human boosted the rate on its 12-17 Month CD. Following a substantial 60 bps increase, the 12-17 month CD currently earns 5.80% APY – the highest and most competitive rate in...

Long Island-based Jovia Financial Credit Union (the former NEFCU) has added a new 40-month Certificate to its product line. Earning 5.25% APY, the 40-month Certificate can be opened with a low $100 minimum deposit and has no stated balance cap.

The 40-month Certificate is also available as an IRA Certificate (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.

Jovia offers a 5-day Certificate Rate Guarantee. As stated in the fine...

In July, Wisconsin-based Blackhawk Community Credit Union (Blackhawk) hiked the rates on its long-term CDs (90-100 bps increases). This week’s 10 bps increases only improved the rate-leading positions of the 3-year Jumbo CD (5.40% APY), 4-year Jumbo CD (5.45% APY), and 5-year Jumbo CD (5.50% APY). Although Blackhawk descries these very competitive CDs...

Following recent rate increases of 15 bps, two CD Specials and one CD offered by Iowa-based Luana Savings Bank (Luana) are prominently featured in yesterday’s CD Deals Summary. These rates are in the top four highest APYs in the Luana CD product line.

While Luana began offering nationally available CDs on its website about two years ago, Fidelity and Vanguard had been...

Earlier this month, Mobility Credit Union (Mobility CU) boosted the rate on its rewards checking account, Earn-It Checking. Following an increase of 105 bps, the Earn-It Checking currently earns 6.17% APY on qualifying balances up to $15k; qualifying balances over $15k earn 0.05% APY. Non-qualify balances up to $15k earn 0.03% APY, with non-qualifying over $15k earning 0.05% APY.

The monthly qualification requirements include the following:

• At least 15 debit card purchases...

The most impactful outcome of last week’s Fed meeting was the perception that rates will be held higher for longer. That has been contributing to the rise of long-term rates. Even before the Fed meeting, long-term rates were rising due to favorable economic data. At last week’s Fed meeting, the new Summary of Economic Projections (SEP) surprised the markets with a federal funds rate dot plot that showed only two rate cuts in 2024. That was down from four rate cuts from the June SEP.

Long-dated Treasury yields have increased substantially...

For a limited time, Texans Credit Union (Texans CU) is offering a 7-month Promo Certificate with a rate-leading 6.00% APY. While there is no stated end-date, “rates and terms are subject to change at any time without notice.”

The minimum opening deposit is $500 of new money with no stated balance cap. The Certificate Account...

In August, Omaha-based Metro Credit Union (Metro CU) offered 5.75% APY on its 12-, 18-, and 24-month CDs. Those competitive rates are no longer available, but Metro CU has recently added a rate-leading 13-Month Certificate Special. Earning 6.00% APY, the 13-Month Certificate Special requires a $500 minimum opening deposit. According to the Special Rates page, “Certificates in excess of $1,000,000...

Texas-based Union Square Credit Union (Union Square) is currently offering 6.01% APY on its Kasasa Cash account on qualifying balances up to $35k. Qualifying balances above $35k earn 1.49% APY, with non-qualifying balances earning 0.05% APY. Union Square has had a variety of rewards checking accounts (RCA) in the past twelve years, with the Kasasa Cash account now offering one of the top rates available in...

For a limited time, Nebraska-based Centris Federal Credit Union (Centris) is helping its members to “Invest in the Future” with two rate-leading Jumbo CD Specials. The 11-month and 22-month Jumbo CDs both earn 5.85% APY and require a $90k minimum opening deposit. Centris is...

Utah-based Merrick Bank recently raised the rates on about half of its CD product line. Following an increase of 20 bps, the 48-month CD and 60-month CD both earn 4.80% APY and are the most competitive CDs offered by Merrick Bank. While not having great rates, the 12-month CD (5.67% APY) and 18-month CD (5.60% APY) are nonetheless noteworthy. The minimum opening deposit for any Merrick Bank CD is...