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.
Availability: Residents of 22 northeast Wisconsin counties and three Michigan Upper Peninsula counties.
Four months ago, CoVantage Credit Union’s (CoVantage) 17-month Certificate Special was a regional rate leader, with an APY of 3.25%. The rate was lowered to 3.00% APY in January, but with the recent trend of dropping rates, that 3.00% APY currently qualifies as a regional rate leader. While the majority of CoVantage Certificates can be opened with a $1k minimum deposit, the 17-month Certificate Special requires...
Deal Summary: Some Term Deposit rates will be lowered on March 22, 2019.
Availability: Easy membership requirement
I was notified this morning that Mountain America Credit Union (MACU) will be lowering the rates on some of its Term Deposits (MACU’s version of CDs) tomorrow. The Term Deposits affected by the rate changes are:
Deal Summary: 19-month CD Special, 3.10% APY, $1k minimum deposit, new money, available through March 31, 2019.
Availability: Easy membership requirement.
Now through March 31, 2019, USF Federal Credit Union (USF FCU) is offering a 19-month CD Special, which earns 3.10% APY. The minimum deposit is $1k of new money, with no stated balance cap.
According to CSR, the Early Withdrawal Penalty (EWP) for the 2-year CD applies to the 19-month CD Special, with partial withdrawals allowed. As stated in the Truth-in-Savings disclosure (part of the online application),...
Deal Summary: 48-month CD – 3.40% APY ($500) and 3.50% ($100k). 48-month IRA – 3.50% APY ($500) and 3.60% ($100k).
Availability: Residents of nine Louisiana parishes (Baton Rouge area).
The original intent for this EFCU Financial (EFCU) blog post was to highlight the 48-month CD, which earns 3.40% APY ($500 min) or 3.50% APY ($100k min). All of EFCU’s CDs offer tiered APYs, with Jumbo CDs ($100k min) earning an extra 10 bps.
When I took a closer look at EFCU’s rate sheet, I...
Deal Summary: 12-month CD (2.86% APY), $5k minimum deposit
Availability: Nationwide (internet bank)
Colorado Federal Savings Bank (CFSB) added 35 bps to its 12-month CD (2.86% APY) yesterday. This latest rate increase puts the 12-month just shy of being the top-rated nationally available 1-year CD (minimum deposits of $10k or less). The 12-month CD can be opened with a $5k minimum deposit, with no stated balance cap.
A total of 116 bps have been added to the 12-month CD in the past year in five rate...
With the Fed anticipated to hold steady on rates for the next several months, internet banks have started to slow down their rate hikes of their savings and money market accounts. In the last two weeks, there were a couple of new promotional accounts with higher rates and a few rate increases, but there were no new ones with yields exceeding 2.50%. Below are the noteworthy savings, money market and checking account rate changes that have occurred in the last two weeks:
Customers Bank High-Yield Savings (new, 2.50% APY, $25k min)
Deal Summary: $150 or $200 bonus when opening a new Online Savings account.
Availability: Nationwide (internet bank)
Discover Bank has been offering bonuses on new Online Savings accounts for several years. The latest one offers a bonus of up to $200 when opening a new Online Savings account by April 1, 2019. Here are the bonus details:
Open an Online Savings account by April 1, 2019.
Use offer code NPBE319 when applying.
$150 bonus – fund with at least $15k by April 15, 2019.
The Fed’s two-day meeting started today. The meeting announcement is scheduled for 2:00 PM ET Wednesday. In addition to the meeting announcement, the FOMC forecasts will be released. These include the “dot plot” which shows the projections of future federal funds rates. Lastly, at 2:30 PM, Fed Chair Jerome Powell will be holding a press briefing.
No rate change is expected at this Fed meeting. If that happens, it will be the first break of the Fed’s quarterly rate hike pattern. The Fed has been consistently hiking rates after every other...
POSTED ON TUESDAY, MARCH 19, 2019 BY DEPOSITACCOUNTS
This deal post was written by Lauren Perez
Deal Summary: $500 Bonus when you deposit $10k+ in new funds into a new 360 Money Market account and maintain at least $50k. $200 Bonus available when you maintain between $10k and $50k.
Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...
In 2016 we did a study on CD early withdrawal penalties (EWP). By examining EWP data from more than 1,000 institutions, we extracted average EWPs for CD terms from 6 months to 5 years. This year we looked at the data again to see how EWPs have changed. The review included EWP data from 7,562 CDs that were offered by 1,019 banks and credit unions.
As described in our 2016 overview of CD EWPs, the early withdrawal penalty is simply a penalty that is applied when a CD holder elects to...
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.