Bank Deals Blog

Dime Community Bank (Dime) recently raised the rate on its 4-year CD (2.75% APY). The minimum deposit is $500, with no stated balance cap.

In the past six months, the 4-year CD has gained 160 bps in three rate increases. The 2.75% APY falls just short of the November 2009 high of 3.00% APY.

As stated in the CD FAQs, the Early Withdrawal Penalty for the 4-year CD reads as...

Northwest Federal Credit Union (NWFCU) celebrated its 70^th anniversary in 2017. As a thank-you to its loyal members, NWFCU is offering a 5-year Appreciation Certificate, which can earn up to 3.41% APY with Heritage Club bonus rates.

Heritage Club

NWFCU’s Heritage Club is for Credit Union members, age 62 and over.

As DA reader, me1004, stated in a Forum post today,

Now through April 30, 2018, KEMBA Financial Credit Union (KEMBA) is offering two Advantage Promotion Certificates: 14-Month (3.00% APY) and 44-month (4.00% APY). The minimum deposit is $10k of new money with a maximum deposit of...

Capital One has raised the rate on its 360 Money Market to 1.60% APY on balances of $10k+. The APY for balances below $10k remains at 0.85%. In the past ten months, a total of 60 bps has been added in six rate increases.

The 360 Money Market has no monthly service charge, no-minimum opening deposit, or minimum balance requirement. It can be opened in your name...

UPDATE 4/19/2018: CapEd is no longer an easy membership requirement credit union.

CapEd Federal Credit Union (CapEd) added a series of Promotional Rate Share Certificates (PRSC) almost four years ago, which have offered competitive APYs on a limited-time basis. At the beginning of the week, CapEd raised the rates on all three PRSC, but...

Heritage Bank has more than doubled the rate on its eCentive Account to 3.33% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.

DA has been tracking the eCentive Account since November 2009, when its APY was 2.14%. The APY began a slow decline in August 2010, settling at 1.26% in April 2013 and remaining there for almost five years....

Vantage West Credit Union (Vantage West) has just added two limited-time CD Specials this week: 11-month (2.25% APY) and 21-month (2.50% APY). The minimum deposit for either CD Special is $5k, with no stated balance cap.

In a Live Chat today, CSR stated that the Early Withdrawal Penalty for...

Just two weeks ago, Amalgamated Bank debuted its Online Savings account, with an initial 0.90% APY on all balances. Given the state of liquid account rates, I was surprised that a new, nationally available savings account would have such an unremarkable APY. Amalgamated Bank remedied that situation yesterday by adding 70 bps to the Online Savings (1.60% APY).

According to the fine print on the Online Savings promotion page,

The Online Savings account has no monthly fees,...

On Monday President Trump announced his intention to nominate officials to fill two vacancies at the Fed. Richard Clarida will be nominated for the position of Vice Chairman of the Board of Governors, and Michelle Bowman will be nominated for the position of Member of the Board of Governors. Will they be hawks or doves? This Bloomberg article describes Clarida as a “Pragmatic Centrist.” This MarketWatch article describes both nominees as “mainstream central bankers.” According to the article:

Don’t expect the Fed to change much. If the nominees are more hawks...

At the end of March, USALLIANCE Financial (USALLIANCE) raised the rates on its 9- and 18-month Certificates, making both the top nationally available APYs in their respective length-of-term categories.

Good news – the 9-month Certificate has increased to 2.12% APY. Not so good news – the 18-month Certificate has fallen to 2.32% APY. The 9-month added 10 bps, while the 18-month dropped by 21 bps. The...

For about 2½ weeks last December, Pawtucket Credit Union (Pawtucket CU) offered 2.75% APY on its 25-month CD. Pawtucket CU has brought that rate back, and while not as competitive as it was four months ago, it’s still a good rate. Perhaps the rate will last longer this time. The 25-month CD can be opened with a $1k minimum deposit and there is no stated balance...

Last week, Banco do Brasil Americas (BB Americas) added 90 bps to both its Promo CDs, with the 1-year earning 2.25% APY and the 2-year earning 2.50% APY. The Promo CDs require a minimum deposit of $1k of new money. According to the fine print on the Rates page, “Internal transfers are not accepted to open a new CD...