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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

Community First Bank (IN) Unveils 25-Month CD Special, 2.50% APY
Deal Summary: 25-month CD Special, 2.50% APY, $25k minimum deposit.

Availability: Primary market area includes the Indiana counties of Hamilton and Howard, but any Indiana resident who can come into a branch may apply.

Community First Bank of Indiana (CFB) began the month by adding two new CD Specials to the product line and raising the rates on four existing CD Specials. Of the six CD Specials, the new 25-month has the most competitive rate – 2.50% APY.

The 13-, 23-, 33-, and 59-month...

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Xceed Financial Credit Union Adds Xclusive Money Market, 2.00% APY
Deal Summary: Xclusive Money Market, 2.00% APY, $50k minimum balance, rate guaranteed through June 30, 2020, $25k minimum opening deposit of new money.

Availability: Easy membership requirement

It’s been nearly two years since California-based Xceed Financial Credit Union (Xceed) offered any blog-worthy product. That changed this week with the introduction of the Xclusive Money Market, which earns 2.00% on balances between $50k and $500k. Balances between $25k and $50k earn 1.50%, with balances less than $25k earning 0.25% APY.


  • The 2.00% APY is guaranteed through June...
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Charlotte Metro Credit Union Ups All 18-Month CDs To 3.00% APY
Deal Summary: 18-month Share Certificate, 3.00% APY, $2k minimum. 3-year Jumbo Share Certificate, 3.00% APY, $50k minimum.

Availability: Residents of seven North Carolina and three South Carolina counties.

Charlotte Metro Credit Union (CMCU) has raised the rates on all four of its 18-month Share Certificates to 3.00% APY. Each of the four 18-month Share Certificates require a different minimum deposit: Share Certificate ($2k), Senior Share Certificate ($5k), Jumbo Share Certificate ($50k) and Jumbo Senior Share Certificate ($100k). While the Senior Share and Jumbo Share Certificates...

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Western Vista Federal Credit Union Adds 21-Month CD, 2.53% APY
Deal Summary: 21-month CD Special, 2.53% APY, $500 minimum deposit.

Availability: Easy membership requirement; residents of the Wyoming cities of Casper and Cheyenne, and Natrona County, Wyoming.

Western Vista Federal Credit Union (Western Vista) recently added two new CD Specials – a 21-month (2.53% APY) and a 13-month (1.85% APY). Obviously, the 21-month offers a very competitive rate, with the 13-month having a mediocre rate. The minimum opening deposit for either is $500, with no stated balance cap.

In September, Western Vista had three CD Specials, including...

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BCU Offers 2.25% APY On 11-Month CD Special
Deal Summary: 11-Month CD Special, 2.25 APY, minimum $500 deposit.

Availability: Five northeast Illinois counties and one southeast Wisconsin county.

BCU (formerly known as Baxter Credit Union) has added an 11-month CD Special earning 2.25% APY. The minimum deposit is $500, with no stated balance cap.

While BCU does offer higher rates (between 10 and 25 bps) on its CDs through its Rewards Rate program, the 11-month CD Special is excluded.

According to CSR, the Early Withdrawal Penalty for CDs with terms of 12 months or less is...

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Marshall Community Credit Union Adds 16-Month CD, Up To 2.95% APY
Deal Summary: 16-month CD Special, up to 2.95% APY, four deposit tiers.

Availability: Residents of eight SW Michigan counties.

Two months ago, Marshall Community Credit Union (MCCU) was promoting a 15-month CD Special, with 16 different APYs ranging from 2.00% to 3.00% APY. While that promotion is no longer available, MCCU is currently offering a 16-month CD Special, with 16 APYs ranging between 2.15% and 2.95%. The APYs are based on a combination of four deposit levels ($1k, $25k, $50k, $125k) and four Member Rewards Program levels (Valued,...

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CD Rates Summary December 3, 2019
CD Rates Summary December 3, 2019

Credit unions often make CD rate changes at the start of the month, and this time, many of those changes were rate cuts. If you exclude credit unions, the pace of CD rate cuts appears to be slowing. I would expect CD rate cuts to continue to slow down if the Fed starts a long pause period.

In the last two weeks, noteworthy rate changes have occurred at the following banks. I’ve separated them into two groups. The first includes the popular banks. Note, Synchrony Bank made one slight rate increase....

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Federal Reserve, the Economy and CD Rate Forecast - Dec 3, 2019
Federal Reserve, the Economy and CD Rate Forecast - Dec 3, 2019

The last scheduled FOMC meeting of 2019 will take place next week, and signs still point to the Fed holding rates steady even with disappointing economic data on Monday. The ISM manufacturing index came out on Monday, and the index fell below expectations. However, this shouldn’t have an effect on the Fed’s policy decision. Economist Tim Duy reviewed the ISM data and its impact on the Fed in this Fed Watch blog post. He doesn’t see the ISM index having an effect on Fed policy:

As I mentioned last week,...

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USALLIANCE Financial Brings Back 15-Month CD Special, 2.40% APY
Deal Summary: 15-month Certificate Special, 2.40% APY, $500 minimum deposit, new money, checking or savings relationship.

Availability: Easy membership requirement.

In early September, USALLIANCE Financial (USALLIANCE) raised the rate on its 15-month Certificate Special to 2.70% APY, an impressive increase of 119 bps. That rate only lasted about two weeks before the 15-month Certificate Special was withdrawn from the product line. USALLIANCE started December by bringing back the 15-month Certificate Special at a lower, but competitive, 2.40% APY. This limited-time offer requires a minimum opening...

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Orion Federal Credit Union Drops Premium Checking Rate
Deal Summary: Premium Checking, 3.00% APY up to $15k, 2.05% APR $15k-$100k, 1.50% APR $100k-$250k, 1.00% APR $250k.

Availability: Easy membership requirement

About a year ago, Orion Federal Credit Union (Orion FCU) raised the rate and qualifying balance cap on its Premier Checking account (4.00% APY, up to $30k), making it one of the top-rated nationally available rewards checking account. As of yesterday, the Premier Checking account has a totally new rate structure, which has lowered both the APY and the qualifying balance cap. The following chart...

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Lafayette Federal Credit Union 5-Year CD Earns 3.03% APY
Deal Summary: 5-year Fixed CD, 3.03% APY, $500 minimum deposit.

Availability: Easy membership requirement.

Here’s something to be grateful for: Maryland-based Lafayette Federal Credit Union (Lafayette FCU) is now an easy membership requirement credit union and is offering 3.03% APY on its 5-year Fixed CD. The minimum opening deposit is $500, with no stated balance cap.

The 5-year Fixed CD is also available as a Fixed IRA (Traditional, Roth, CESA), earning the same 3.03% APY with the same funding requirements.

As stated in the Truth-in-Savings disclosure, partial withdrawals...

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P1FCU (ID/OR/WA) Offers 3.05% APY On 60-Month CD
Deal Summary: 60-month Share Certificate, 3.05% APY, $500 minimum deposit.

Availability: Residents of 15 Idaho counties, 8 Oregon counties, and the entire state of Washington.

In early August, I wrote about all-time-high Share Certificate APYs offered by P1FCU. While the Share Certificates experienced significant rate decreases about two weeks ago, these long-term APYs are still competitive, particularly the 60-month Share Certificate APY.

Previously, P1FCU’s Share Certificates had tiered APYs (based on deposit levels of $500, $10k, and $100k), but the current rates are the same for all...

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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.