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

USALLIANCE Financial 24-Month CD Special Jumps To 3.00% APY
Deal Summary: Certificate Specials – 24-month (3.00% APY), 36-month (3.25% APY), $500 minimum deposit.

Availability: Easy membership requirement.

In early April, USALLIANCE Financial (USALLIANCE) broke a two-year rates ceiling when it added a 48-month Certificate Special earning 2.00% APY. While I thought there would probably be some rate changes next week, I didn’t expect to see any dramatic rate changes going into the Memorial Holiday weekend; I was wrong.

USALLIANCE has just boosted the 24-month Certificate Special rate to 3.00% APY, more than doubling the previous 1.25% APY. (The...

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Teachers Federal Credit Union Has New Member Bonuses Up To $400
Deal Summary: New member checking bonuses, up to $400, available through July 31, 2022.

Availability: Easy membership requirement

Now through July 31, 2022, Teachers Federal Credit Union (TFCU) is offering cash bonuses up to $400 for new members who open a new TFCU checking account. According to the promotion page, the offers consists of two bonuses:

    As stated in the fine print of the promotion page,

    Smart Checking

    TFCU’s Smart Checking account is a rewards checking account (RCA) that currently earns 1.00% APY on qualifying balances up to $15k....

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    ABNB Federal Credit Union Ups 24-Month Certificate Rates
    Deal Summary: 24-month Certificate, 2.30% APY ($100k minimum) and 2.25% APY ($1k minimum).

    Availability: Residents of seven eastern Virginia counties and seven northeastern North Carolina counties.

    Virginia-based ABNB Federal Credit Union (ABNB) recently raised all its Certificates rates, with the 24-month Certificate offer the most competitive rates: 2.30% APY ($100k minimum) and 2.25% APY ($1k minimum).

    The 24-month Certificate is also available as an IRA Certificate (Traditional, Roth, CESA), with tiered APYs 5 bps higher than offered on the Certificate.

    As stated in the Truth-In-Savings disclosure, the Early Withdrawal...

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    Veridian Credit Union Brings Back 30-Month Jumbo Bump-Up CD Special
    Deal Summary: Jumbo Bump-Up CD Specials ($100k minimum) – 18-month (2.10% APY) and 30-month (2.60% APY).

    Availability: Easy membership requirement through Dwolla; residents of all 99 Iowa counties and six southeast Nebraska counties.

    For the last seven years, I have been writing about the Jumbo CD Specials and CD Specials offered on a regular basis by Iowa-based Veridian Credit Union (Veridian). These limited-time Specials continue to offer very competitive rates that remain in effect for at least a month or two.

    The current lineup includes three CDs, with the 18-month...

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    EagleBank (DC Metro Area) Boosts 9-Month CD To Competitive Level
    Deal Summary: 9-11 month CD, 1.32% APY, $1k minimum deposit, in-branch opening only.

    Availability: Washington, D.C. metropolitan area

    Maryland-based EagleBank recently raised the rate of its 9-11 month CD to 1.32% APY. The 9-11 month CD allows the customer to choose the maturity from nine to eleven months. The minimum opening deposit is $1k, with no stated balance cap.

    Since the beginning of the year, 9-11 month CD added a total 122 bps in three rate increases. The current 1.32% APY is the highest rate the...

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    CD Rates Summary
    CD Rates Summary

    For much of this year, Treasury bills and notes had a rate advantage over the top nationally available direct CDs with similar maturities. That has now changed for maturities of one year and above. The top CD yields for maturities of one to five years currently exceed Treasury yields. That’s due to the large rate hikes at Connexus Credit Union. Its CD yields now range from 2.26% for a 1-year term to 3.21% for a 5-year term. At today’s market close, the Treasury Par Yield Curve lists 1-year, 2-year,...

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    Federal Reserve, the Economy and CD Rate Forecast - May 24, 2022
    Federal Reserve, the Economy and CD Rate Forecast - May 24, 2022

    Concerns about high inflation, rising rates and a slowdown in the economy have resulted in a large stock market decline. Due to these factors, the odds that the Fed might announce a 75-bp rate hike at one or more of its summer meetings have fallen considerably. It has also increased the odds that the Fed will transition back to a 25-bp rate hike at its September meeting. The odds that the Fed will go forward with two more 50-bp rate hikes in June and July remain high.

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    Alliant Credit Union Ups Rates On Its Nationally Available CDs
    Deal Summary: Share CDs – 18-23 month (2.00% APY), 60-month (2.80% APY), $1k minimum deposit.

    Availability: Easy membership requirement.

    Over the weekend, Chicago-based Alliant Credit Union (Alliant CU) posted across-the-board Share CD and Jumbo Share CD rate increases. As I was reviewing my Forum posts about previous Alliant’s Share CD rate changes, I noticed I used the phrase, “these rate increases are nothing to get excited about” often. That same sentiment applies to the recent 25-55 bps increases: I’m not that excited about them, but I’m...

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    KeyBank’s Checking Bonuses and Future Impact of Overdraft Fee Changes
    Deal Summary: $200 bonus when opening a new checking account now through June 17, 2022.

    Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, and WA.

    I’ve been reporting on KeyBank checking account bonuses since 2006. KeyBank has a long history of offering checking account bonuses, many of which get extended several times before new ones are introduced. The latest KeyBank bonus offer is one of these, and it has again been extended. Now through June 17, 2022, KeyBank is offering a...

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    Rising Bank No-Penalty CD and Rising CDs Have New Competitive Rates
    Deal Summary: 15-month No Penalty CD, 1.50% APY, $1k minimum deposit, early closure only. Rising CDs – 18-month, 1.50% APY, $5k min/$1m max deposit; 36-month, 2.25% APY, $25k min/$1m max deposit.

    Availability: Internet bank

    Last week, Rising Bank, the internet division of Missouri-based Midwest BankCentre, boosted the rate on its 15-month No Penalty (NP) CD from 0.65% APY to an impressive 1.50% APY. The minimum opening deposit is $1k, with no stated balance cap.

    When I first wrote about the 15-month NP...

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    BrioDirect Boosts Nationally Available High-Yield Savings Rate
    Availability: High-Yield Savings, 1.00% APY, $25 min deposit.

    Availability: Internet bank

    In 2019, DA reader, redwilli1, asked “Has anyone heard of BrioDirect HYS 2.46% APY?”

    At that time, BrioDirect, the new online division of Sterling National Bank (now Webster Bank), had unveiled its product line, which consists of the High-Yield Savings and two short-term CDs. While the product line has expanded to include a Money Market account and a total of twelve CDs, the rates have been mediocre following initial good (but not great) APYs.

    BrioDirect recently raised the rates on...

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    UNIFY Financial Credit Union Adds Competitive 15-Month No Penalty CD
    Deal Summary: 15-month Share Certificate, 2.00% APY, $500 minimum, one penalty-free withdrawal, new money.

    Availability: Easy membership requirement

    California-based UNIFY Financial Credit Union (UNIFY) wants you to “Grow Your Savings” with a new 15-month Share Certificate that earns 2.00% APY. In addition to the competitive rate, the 15-month Share Certificate also offers a one-time penalty-free withdrawal, although there are two conditions: the withdrawal may not exceed 50% of the opening balance and cannot be withdrawn within the first six months after opening. The minimum opening deposit is...

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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.