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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Bank Deals Blog

We Florida Financial Has Rate-Leading 13-Month Add-On CD Special
Deal Summary: 13-month CD Special, 5.35% APY, $500 minimum opening deposit, unlimited additional deposits of at least $250.

Availability: Residents of 46 Florida counties; any licensed professional in the State of Florida.

We Florida Financial (We Florida) is currently offering a 13-month CD Special earning 5.35% APY. The minimum opening deposit is $500, with no stated balance cap. A 13-month Jumbo CD Special ($50k minimum deposit) is also available, but it earns the same 5.35% APY.

The 13-month CD Special and Jumbo CD Special are available...

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CIBC Bank Has Competitive In-Branch 13-Month CD Special
Deal Summary: 13-month CD Special, 5.52% APY, $1k minimum/$1m maximum deposit.

Availability: In-branch opening available only in California, Florida, Illinois, Michigan, Missouri, and Wisconsin.

On Wednesday, CIBC Bank USA (CIBC) replaced its online-only 12-month Agility CD (5.51% APY) with a lower-rate 13-month Agility CD (5.36% APY), but the 5.50%+ APY is still available at CIBC branches. For a limited time, CIBC is offering an in-branch only 13-month CD Special earning 5.52% APY. The opening deposit must be at least $1k and is capped at $1 million. While...

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First County Bank (CT) Offers Market-Leading 15-Month No Penalty CD
Deal Summary: 15-month No Penalty CD, 5.25% APY, $1k min/$250k max deposit, new money required, early closure only.

Availability: Fairfield County, Connecticut.

First County Bank (FCB) has been offering the 15-month No Penalty CD for almost six years ago. Following at 25 bps rate drop in December 2023, the 15-month No Penalty CD currently earns a market-leading 5.25% APY. The minimum opening deposit is $1k, with a balance cap of $250k per household. (In other words, no matter how many No Penalty CDs you open, your household...

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Bankwell Bank (CT) Brings Back Competitive 12-Month Promo CD
Deal Summary: 12-month Promo CD, 5.50% APY, $1k minimum opening deposit.

Availability: Online market area is Connecticut.

Bankwell Bank (Bankwell) recently brought back two Promo CDs – 12-month and 6-month. Currently earning 5.50% APY, the 12-month Promo CD offers the more competitive rate. Minimum opening deposit is $1k, with no stated balance cap.

Early Withdrawal Penalty

CSR stated that the Early Withdrawal Penalty for the 12-month Promo CD is 180 days interest on the amount withdrawn. Partial withdrawals are permitted as long as a $1k balance is...

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Legacy Bank & Trust Competitive 6-Month CD Available in MO, OK, & TX
Deal Summary: 6-month High Yield CD, 5.65% APY, $1k minimum opening deposit.

Availability: Online application for Missouri, Oklahoma, and Texas residents.

Missouri-based Legacy Bank and Trust (Legacy B&T) is still offering 5.65% APY on its 6-month High Yield CD. As other 6-month CD rates have dropped in the past few months, the 5.65% APY has become more competitive. The minimum opening deposit is $1k, with no stated balance cap.

Early Withdrawal Penalty

According to CSR, the Early Withdrawal Penalty for the 6-month High Yield CD is 90...

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Latest Liquid Bank Account Rates
Latest Liquid Bank Account Rates

The odds of a Fed rate cut at the March Fed meeting continue to fall. The latest reason came from today’s release of the minutes from January’s Fed meeting. As noted by this WSJ piece, “[m]ore Federal Reserve officials signaled concern at their meeting last month with cutting interest rates too soon and allowing price pressures to grow entrenched as opposed to the risks of holding rates too high for too long.” The odds of a rate cut at the Fed’s March 19-20 meeting are now only 6.5%, down from...

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Pelican State Credit Union 24-Month CD Still Has Market-Leading Rate
Deal Summary: 24-month CD, 5.27% APY, $500 minimum deposit.

Availability: Nationwide Easy Membership Requirement

Louisiana-based Pelican State Credit Union (Pelican State) has been offering 5.27% APY on its 24-month CD since mid-August 2023. As other 2-year nationally available CD rates have dropped in the past few months, that 5.27% APY has become more competitive. The minimum opening deposit is $500, with no stated balance cap. While Jumbo CDs ($10k minimum deposit) are listed separately on the Pelican State website, the APY for the 24-month...

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Resource One Credit Union 12-Month CD Is Still A Rate-Leader
Deal Summary: 12-month CD (6.17% APY), 12-month IRA CD (6.43% APY), $500 minimum deposit.

Availability: Dallas County and northwest Harris County, Texas.

I am simply amazed that Resource One Credit Union (R1CU) is still offering an excellent 6.17% APY on its 12-month CD. The minimum opening deposit is $500, with no stated balance cap.

The 12-month CD is also offered as an IRA CD (Traditional, Roth) with the same minimum deposit requirement, but earning 6.43% APY, 26 bps higher than the 12-month CD.

Long-time DA member, xer00,...

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Logix Federal Credit Union Has Competitive 12-Mo Add-On No-Penalty CD
Deal Summary: 12-month Flex Certificate, 5.25% APY, $1k minimum deposit of new money, one additional deposit, one penalty-free withdrawal up to 25% of current balance.

Availability: Easy membership requirement in AZ, CA, MA, MD, ME, NH, NV, and VA.

California-based Logix Federal Credit Union (Logix) is currently offering a 12-month Flex Certificate with a competitive 5.25% APY. The minimum opening deposit is $1k of new money, with no stated balance cap. “New money” is defined simply as “money not currently on deposit with Logix.”

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First State Bank (MI) Offers Competitive 15-Month CD Special
Deal Summary: 15-month CD Special, 5.40% APY, $1k minimum deposit, combination of new money and limited existing funds possible.

Availability: Macomb and Oakland Counties, Michigan.

Although spring can’t arrive soon enough for most of us, First State Bank is still promoting its “Cozy Up with Winter Savings” 15-month CD Special. Offering a competitive 5.40% APY, the 15-month CD Special requires a minimum opening deposit of $1k of new money, with no stated balance cap.

The 15-month CD Special is also available as an IRA CD Special (Traditional,...

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Ventura County Credit Union (CA) Adds Competitive 13-Mo No Penalty CD
Deal Summary: 13-month No Penalty Certificate, 5.25% APY, $1k minimum deposit, unlimited penalty-free withdrawals..

Availability: Santa Barbara and Ventura Counties, California

For a limited time, Ventura County Credit Union (VCCU) is offering a 13-month No Penalty Certificate with a competitive 5.25% APY. The minimum opening deposit is $1k, with no stated balance cap. According to CSR, unlimited penalty-free withdrawals are allowed throughout the term, as long as a $1k minimum balance is maintained. Should a withdrawal result in a balance of less than $1k, the 13-month No...

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America First Credit Union Ups 12-17 Month Add-On CD Rate
Deal Summary: 12-17 month Dedicated Savings Certificate, 5.30% APY, $500 min/$100k max deposit, unlimited additional deposit up to $100k balance cap. 12-17 Regular Certificate, 5.30% APY, $500 min/no max deposit.

Availability: Portions of counties in Arizona (3), Idaho (16), Nevada (11), New Mexico (12), Oregon (1), and Utah (9).

Utah-based America First Credit Union (America First CU) recently raised the rate on all ten “varieties” of its 12-17 month Certificate to 5.30% APY. Of those ten certificates, the 12-17 month Dedicated Savings Certificate is the most competitive....

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.