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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

Priority Bank (AR) Offers Rewards Checking/Savings Accounts Statewide
Deal Summary: Kasasa Cash, 2.50% APY up to $15k; Kasasa Saver, 1.00% APY up to $25k.

Availability: Arkansas

Priority Bank began offering Kasasa brand products about four years ago. The Kasasa Cash’s initial 2.50% APY on qualifying balances up to $15k is still in effect. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.

The monthly qualification requirements are easily fulfilled and do not include a direct deposit or ACH transaction.

  • At least 12 debit card purchases
  • Maintain a valid email address...
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Allegiance Credit Union (OK) 12-Month CD Is A Rate Leader
Deal Summary: 12-month CD, 0.96% APY, $100k minimum deposit.

Availability: Six counties in the Oklahoma City Metropolitan Statistical Area.

Earlier this year, I wrote about the longer-term (24-, 36-, and 48-month) CDs in Allegiance Credit Union’s (ACU) product line; those competitive rates are still in effect. With ACU CD rates holding steady for the past eight months, the 12-month CD (0.96% APY, $100k min) has become more competitive as other 1-year CD rates have dropped. All ACU CDs have tiered APYs based on deposit levels of $500,...

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The State Bank (MI) Offers Rewards Checking/Savings Statewide
Deal Summary: Kasasa Cash Checking, 1.00% APY on qualifying balances up to $50k. Kasasa Saver, 0.50% APY on qualifying balances up to $100k.

Availability: All Michigan residents

The State Bank's Kasasa Cash Checking currently earns 1.00% APY on qualifying balances up to $50k. Qualifying balances above $50k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.

The State Bank added the Kasasa brand to its product line in late 2018, with the Kasasa Cash initially earning 2.50% APY on qualifying balances up to $50k....

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Montgomery Bank Offers Rewards Checking In 14 States
Deal Summary: Montgomery eBlue Checking, 2.01% APY on qualifying balances up to $15k. Montgomery eGold Checking, 3.01% APY on qualifying balances up to $15k

Availability: AL, AR, IL, IN, IA, KS, KY, MO, MS, NE, OH, OK, SD, and TN

I first wrote about Missouri-based Montgomery Bank’s rewards checking account, Montgomery eBlue Checking, more than twelve years ago. While the current 2.01% APY on qualifying balances up to $15k has been in effect since 2012, the Montgomery eBlue Checking had APYs of 4.01% and 5.01% on...

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Affinity Plus Federal Credit Union 4-Year CD Added To CD Rate Summary
Deal Summary: 48-month CD, 1.05% APY, $500 minimum deposit

Availability: Easy membership requirement

One of the NTS (New to Summary) CDs in this week’s CD Rates Summary is Affinity Plus Federal Credit Union’s (Affinity Plus) 48-month CD. Currently earning 1.05% APY, the 48-month CD can be opened with a $500 minimum deposit, with no stated balance cap.

At the beginning of the year, a 10 bps increase gave the 48-month CD an APY of 1.20%, a rate which lasted for about two months. The...

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Texas Tech Credit Union Has Competitive Kasasa Brand Products
Deal Summary: Kasasa Saver, 2.00% APY, up to $25k. Kasasa Cash Back, 2.00% cash back on $400 in monthly debit card purchases.

Availability: Affiliation with Texas Tech University, Texas Tech Health Sciences Center, Lubbock Christian University, or Texas Tech Alumni Association (possible easy membership).

Texas Tech Credit Union (TTCU) has a different take on the Kasasa brand products. Rather than offering the typical Kasasa Cash account that earns a substantially higher rate than its companion Kasasa Saver account, TTCU offers a Kasasa Cash Back/Kasasa Saver combo....

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CD Rates Summary - May 11, 2021
CD Rates Summary - May 11, 2021

CD rates have been static at the popular online banks in the last two weeks. It appears that online CD rates have mostly reached a bottom. You can see how online CD rates have been bottoming out in 2021. For the average online CD rates, both the 1-year and 5-year have fallen very little so far in 2021.

There are a few online banks that have cut rates to such low levels that they are no longer competitive for online banks. Radius Bank is the latest one of these. It recently...

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Federal Reserve, the Economy and CD Rate Forecast - May 11, 2021
Federal Reserve, the Economy and CD Rate Forecast - May 11, 2021

The surprisingly weak April jobs report that came out on Friday will make it easier for the Fed to delay rolling back accommodations. The first step in the rollback will likely be tapering of the asset purchases. Fed Chair Powell has said that the Fed is looking for “substantial further progress” toward their goals before they start tapering. We’ll probably need several months of strong job reports before the Fed will start thinking about tapering.

Tapering of asset purchases will likely start the process of pulling back accommodation. Tapering involves the...

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Online Banks and Same-Day Wire Transfers - My Experience at Ally

If you need to make a same-day wire transfer, be careful about assuming that your bank can do it. This is especially the case for online banks. Last week I had to make a real estate payment using a wire transfer. I chose to do it from Ally Bank. Using Ally’s online wire transfer request form, I submitted the wire request at 11:22am EDT. The wire was not sent until the next day (at 9:53am EDT). Fortunately, I gave myself an extra day before the wire was due.

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Barksdale Federal CDs Continue To Be Competitive
Deal Summary: Certificates – 60-month (1.45 APY), 48-month (1.20% APY), 36-month (1.10% APY), 24-month (0.90% APY), 12-month (0.70% APY), $1k minimum deposit.

Availability: Nationwide with a military relationship; residents of six NW Louisiana parishes; active military and civilian employees at Barksdale Airforce Base; more than 1,000 SEGs.

It’s been almost a year since Barksdale Federal Credit Union (Barksdale Federal) significantly increased the scope of its field of membership (FOM). (I discuss that change in detail in the Availability section below, but simply put, prior military service qualifies for membership.)...

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Langley Federal Credit Union Adds New 14-Month CD Special
Deal Summary: 14-month CD Special, 1.25% APY, $1k min/$10k max deposit, new money, new members in DC, MD, NC, and VA only.

Availability: Easy membership requirement

Langley Federal Credit Union’s (Langley FCU) limited-time 15-month CD Special ended after being offered for about two months. The latest promotion certificate is a 14-month CD Special, earning 1.25% APY.

The 14-month CD Special has some limitations, which are listed in the fine print of the Certificates page.

    While the 14-month CD Special APY is 25 bps higher than that of the...

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    Park Side Credit Union Offers Kasasa Brand Products In NW Montana
    Deal Summary: Kasasa Cash, 2.50% APY, up to $15k; Kasasa Saver, 1.00% APY, up to $100k.

    Availability: Eleven northwest Montana counties

    Park Side Credit Union (Park Side CU) added the Kasasa brand to its product line about nine months ago. The Kasasa Cash account’s initial 2.50% APY on qualifying balances up to $15k is still in effect. Qualifying balances of $15k+ earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

    The monthly qualifying requirements include,

    • At least 12 debit card purchases
    • At least one direct deposit or ACH...
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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.