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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CD Rates Summary April 25, 2017
CD Rates Summary April 25, 2017

Next week there will be another Fed meeting, but it should be uneventful. There’s no press conference after the meeting (which is scheduled to end on May 3), and no one is expecting a rate hike. The June Fed meeting is a different story. The odds of a rate hike at that meeting (scheduled for June 13-14) have increased since last week. According to this Reuters article:

The Fed will probably be in a wait-and-see mode regarding fiscal stimulus. For the short term, economic news will be a more important driver...

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Public Service CU (CO) Has Limited-Time Promo 21-Month CD
Deal Summary: 21-month CD, 1.80% APY, $1k minimum, available through June 30, 2017.

Availability: Colorado residents; Partner Companies and Select Employee Groups.

Now through June 30, 2017, Public Service Credit Union (PSCU) is offering a 21-month CD that earns 1.80% APY. The minimum opening deposit is $1k, with no stated balance cap.

As stated in the Truth In Savings document, the Early Withdrawal Penalty reads as follows:

Thanks to the DA reader who saw this CD advertised in a Colorado newspaper.


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Sandy Spring Bank (MD/VA) Has $150 Checking Bonus
Deal Summary: $150 Checking Bonus; 27-month Premier CD Special, 1.75% APY, $10k minimum, checking relationship required.

Availability: Market area includes portions of Maryland and Northern Virginia.

At the end of February, the $150 checking bonus being offered by Sandy Spring Bank expired. The Bank is again offering a $150 bonus (available through May 31, 2017), but this time a Direct Deposit is required, with no debit card purchase transactions required.

Bonus Requirements

  • Open a new checking account online, in-branch, or by phone.
  • Enroll in eStatements
  • Minimum $250 in Direct Deposit...
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Randolph Savings Bank Offers Apex Checking In New England And Florida
Deal Summary: Apex Checking, 2.75% APY, up to $25k.

Availability: Residents of Connecticut, Florida, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Randolph Savings Bank’s (RSB) Apex Checking currently earns 2.75% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.01% APY, as do non-qualifying balances.

Apex Checking Qualifying Requirements

  • Have at least ten debit card purchases.
  • Direct deposits totaling at least $2.5k.
  • Enroll in E-Statements.

The Apex Checking account requires a minimum deposit $10 to open. Unlimited foreign (i.e., non-RSB) ATM fees will be reimbursed, if...

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Horizon Credit Union Has 13- And 26-Month Special Certificates
Deal Summary: 13-month Special Certificate (1.46% APY, $1k minimum); 26-month Special Certificate (1.71% APY, $1k minimum, new money).

Availability: Residents of Washington State, eight Idaho Panhandle Counties, and 14 western Montana Counties.

Washington-based Horizon Credit Union (Horizon CU) has raised the rates on its 13-month Special Certificate (1.46% APY) and 26-month Special Certificate (1.71% APY). The minimum opening deposit is $1k, with no stated balance cap. According to the fine print on the Rates page, the 26-month Special Certificate requires new money, while the 13-month Special...

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Blackhawk Community Credit Union (WI) Adds 6-Year CD
Deal Summary: 6-year CD, 2.40% APY, $1k minimum deposit

Availability: Residents of the Wisconsin counties of Dane, Green, Jefferson, Kenosha, Racine, Rock, Walworth, and Waukesha, and Boone and Winnebago Counties in Illinois; 8 SEGs.

Blackhawk Community Credit Union (Blackhawk) is currently offering a 6-year CD (2.40% APY). The minimum deposit is $1k, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty (EWP) for the 6-year CD Special is a mild 180 days interest. Using DA’s EWP Calculator, it’s easy to see exactly how...

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SmartyPig Boosts Rate On SmartyPig Savings To 1.12% APY
Deal Summary: SmartyPig Savings, 1.12% APY, $50k+. Lower rates for lower balance tiers.

Availability: Internet Bank

SmartyPig is ending the week by not only raising the rate on its SmartyPig Savings account (1.12% APY, $50k+), but by also restructuring its rate tiers.

    Deposit Balance










For those not familiar with SmartyPig, it’s not your typical savings account. SmartyPig Savings is built around a savings goal concept: you set the amount of a savings goal you want to reach at some...

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Providence Bank (MO/IL) Raises Rates On CD Specials
Deal Summary: 9-month CD Special (1.25% APY); 15-month CD Special (1.50% APY); additional 0.05% or 0.10% w/active checking and/or age 55+; minimum deposit of $5k.

Availability: Market area is Missouri and southern Illinois (St. Louis metro area).

Providence Bank has raised the rates on its 9-month CD Special (1.25% APY) and15-month CD Special (1.50% APY). The minimum deposit is $5k, with no stated balance cap. This week’s 25 bps increase has resulted in the highest APYs ever for both CD Specials.

An additional 0.05% is available with an...

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Ally Bank Ups Savings Account Rate to Highest Level Since 2011

Deal Summary: Online Savings Account, 1.05% APY, No minimum balance

Availability: Internet Bank

This morning, Ally Bank increased the rate of its Online Savings Account by 5 bps. The new rate is now 1.05% APY. This also applies to the IRA Online Savings Account. The 1.05% APY applies to all balances. The account has no monthly maintenance fees and no minimum balance requirement.

Last month’s Fed rate hike appears to be having some effect. On Monday, Ally increased its 5-year CD rate to a level not seen since 2011,...

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Heritage South CU's (AL) Premium Rewards Checking Earns 3.00% APY
Deal Summary: Premium Rewards Checking, 3.00% APY, up to $15k.

Availability: Residents of Calhoun, Chambers, Clay, Cleburne, Chilton, Coosa, Elmore, Talladega, Jefferson, Lee, Randolph, St. Clair, Shelby, and Tallapoosa Counties, Alabama.

Heritage South Credit Union’s (Heritage South) Premium Rewards Checking currently earns 3.00% APY on qualifying balances up to $15k. Qualifying balances of $15k+ earn the same rate as the Regular Share Savings (currently 0.20% APY), as do non-qualifying balances.

In July 2013, DA reader, pearlbrown, wrote a Forum post about the Premium Rewards Checking account. Nearly four...

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Brick & Mortar Banking – Are Branches Actually in Decline?
Brick & Mortar Banking – Are Branches Actually in Decline?

By now, many of us handle a good portion of our routine bank business by computer or smartphone. We can log in to check balances, transfer funds, and send payments. And we can deposit checks using our bank’s app in tandem with our phone’s camera. The ability to manage our deposit accounts from wherever we are, and without stepping foot inside a physical branch, has not only never been greater, it’s likely to continue expanding.

So with the necessity of brick...

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Discover Bank Has $100 Bonus On New Online Savings

UPDATE 4/20/2017: Offer has been extended through May 31, 2017, and has a new coupon code (SAVE417E1).

Deal Summary: $100 bonus on new Online Savings account.

Availability: Nationwide (internet bank)

Discover Bank is offering a $100 bonus when opening a new Online Savings account with a minimum deposit of $15k. This promotion is for customers who have never had a Discover Bank Online Savings or Money Market account.

$100 Bonus Requirements

  • Open an Online Savings account by March 3 May 31, 2017.
  • Use offer code SAVE117D1 SAVE417E1 when...
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