Bank Deals Blog

Do you remember Premier America Credit Union’s (Premier America CU) 16-month Fall Certificate Special? In September, the 16-month CD Special earned 3.00% APY. Four months later, the CD Special is still available, but has a new name (New Year Certificate Special) and a new, improved rate of 3.15% APY. This limited-time offering can be opened with a minimum $1k, with no stated balance cap.

As stated in the Special Certificate...

Two months ago, Connexus Credit Union (Connexus) caught the attention of DA readers by raising the rate on its 60-month Share Certificate (SC) to 4.00% APY. That rate lasted about three weeks before dropping to 3.50% APY, where it remained until today. The new 3.63% APY makes the 60-month SC a rate leader in the nationally available 5-year CD category.

Connexus also added 15 bps to its 36-month...

When looking around for the best deposit rates, you’ve probably noticed that online banks tend to dominate lists with their competitive interest rates. This is especially true when comparing online bank rates with traditional brick-and-mortar banks.

To get a better sense of this competition, DepositAccounts took a deep dive into local bank rates and found that in many states, the rate is no better than the average rate you could find with an online savings account or 1-year CD. The analysis, which was conducted Jan. 1,...

Pennsylvania-based Freedom Credit Union (Freedom CU) is currently offering a competitive 3.05% APY on its 24-month CD. The minimum opening deposit is $500, with no stated balance cap. There is also a 24-month Youth CD (members 25 years and younger) earning the same 3.05% APY, but only requiring a...

Elmira Savings Bank (ESB) is currently offering three CD Specials – 29-month (3.15% APY), 19-month (3.00% APY), and 9-month (2.15% APY). The more competitive rates belong to the 29- and 19-month CD Specials. The minimum opening deposit is $500 of new money, with no stated balance cap.

The CD Specials are also offered as IRAs (Traditional), earning...

With their more structured approach to savings, certificates of deposit (CDs) are great for saving towards more long-term goals. Not only that, but CDs can offer much more competitive rates than your typical savings account. Average CD rates have seen a more promising increase over the past few years thanks to a series of Fed rate hikes. On average, 12-month CD rates have spiked 0.26 percentage points since Dec. 2015. Average savings account rates, on the other hand, have seen an increase...

HRCU (formerly known as Holy Rosary Credit Union) has raised the rate on its 30-month CD Special to 3.51% APY. The minimum deposit is $500, with no stated balance cap.

The CD Special is available as an IRA (Traditional, Roth, CESA, and SEP), earning the same APY with the same funding requirements.

The 30-month CD Special was added to the product line in March 2017, with an initial 1.65% APY. In the beginning...

This is another reminder that this is my new version of the weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review...

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out...

Nowadays, saving money in an account at many big banks is just about as useful as stashing it under your mattress if you’re looking to earn returns. Not only have rates on deposit accounts at traditional banks barely budged in the last few years — despite a wave of rate hikes from the Fed — but they often penalize customers with fees for everything from carrying a balance under a certain amount or daring to use an out-of-network ATM.

Over the weekend, First Community Credit Union (First Community CU) raised the rates on two of its long-term CDs: 72-month (3.75% APY) and 60-month (3.50% APY). The minimum deposit for either CD is $500, with no stated balance cap.