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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BMO Harris Bank Adds Three Relationship CD Specials

Deal Summary: Limited-time CD Specials with checking relationship: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY, minimum $5k deposit.

Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

BMO Harris Bank is currently offering three limited-time CD Specials: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY. All three CD Specials require a companion BMO Harris Bank checking account, either new or existing.

BMO Harris Bank has four checking accounts to choose from: Everyday Checking, Select Checking,...

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Westfield Bank Offers $100 Checking Bonus Nationwide

Deal Summary: Dream Big Checking, 1.66% APY up to $15k; $100 new account bonus available through March 13, 2017.

Availability: Nationwide

Now through March 13, 2017, Westfield Bank is offering a $100 bonus when opening a new Dream Big Checking account, which currently earns 1.66% APY on qualifying balances up to $15k. Qualifying balances and non-qualifying balances both earn 0.15% APY.

$100 Bonus Requirements

  • Open a new Dream Big Checking account on or before March 13, 2017.
  • Minimum deposit of $100 of new money.
  • The $100 bonus will be deposited in the account...
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First Bank Financial Centre (WI) Has $300 Checking Bonus

Deal Summary: $300 New Checking Account Bonus; Relationship Money Market Account promo rate, 1.30% APY (guaranteed for 180 days), $15k min/$250k max of new money.

Availability: All Wisconsin residents.

Now through May 12, 2017, First Bank Financial Centre (FBFC) has a $300 bonus on new checking accounts.

$300 Bonus Requirements

  • Open a new checking account (minimum $100 of new money) entering online promo code Bank300 or using a copy of the flyer if opening in-branch.
  • Have a recurring Direct Deposit (minimum $250) within 45 days of account opening, OR,
  • Five signature...

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CapFed Savings Bank Presidents' Day CD Specials - February 20 Only

Deal Summary: 15-month CD (1.01% APY), 32-month CD (1.65% APY), 44-month CD (1.85% APY), $1k minimum deposit.

Availability: Nationwide – online, in-person, or by mail only on February 20, 2017.

Capitol Federal Savings Bank (CapFed) finally posted the rates for their Presidents’ Day CD Specials at approximately 2 p.m. (EST) today.

Unlike the majority of banks throughout the country, CapFed will be open on Presidents’ Day (February 20, 2017). On the Federal Holiday that honors all U.S. Presidents, CapFed is offering three President’s Day CD Specials for only one day:...

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McGraw-Hill FCU Introduces 17-Month Promo CD

Deal Summary: 17-Month Promotional Certificate, 1.50% APY ($50k min), 1.40% APY ($20k min), 1.20% APY ($1k min), new money required.

Availability: Easy membership requirement

McGraw-Hill Federal Credit Union’s (McGraw-Hill FCU) Holiday Money Market Account (guaranteed 1.05% APY) will expire on April 30, 2017, but McGraw-Hill FCU has just announced the addition of a 17-month Promotional Certificate, which has tiered APYs and requires new money. In this instance, new money is defined as funds that have not been on deposit "for more than 30 business days.”

  • 1.50% APY ($50k minimum)
  • 1.40% APY...
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Colorado Federal Savings Bank Has Top Internet Bank 1-Year CD

Deal Summary: 1-Year CD, 1.35% APY, $5k minimum deposit

Availability: Nationwide (internet bank)

Colorado Federal Savings Bank (CFSB) is ending the week with a new rate on its 1-year CD (1.35% APY). The minimum deposit for any CFSB CD is $5k, with no stated balance cap.

In its more than six-year history, the 1-year CD has offered the 1.35% APY five times (four of those in the last two years), with the rate only lasting about five or six weeks.

As stated on the Certificate Rates page,...

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Texasgulf FCU's 60-Month CD Reaches 3.00% APY

Deal Summary: 60-Month Share Certificate, 3.00% APY, $500 minimum deposit

Availability: Residents of Wharton County, Texas

Texasgulf Federal Credit Union (Texasgulf FCU) began February by raising the rate on its 60-month Share Certificate (3.00% APY) by 95 basis points. The minimum deposit is $500, with no stated balance cap.

Added to the product line only 18 months ago, the 60-month Share Certificate’s APY held steady at 2.05% for the past 17 months.

The 60-month Share Certificate is also available as an IRA (Traditional, Roth, SEP), earning the same APY...

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CD Investing: Relationship Rate CDs
CD Investing: Relationship Rate CDs

The following is a guest post contributed by Charles Rechlin, a long-time reader and friend of the site. His last guest post covered Loyalty Rewards and Customer Promotions for CD Investors. I would like to thank Charles for sharing more of his valuable experience on personal CD investing.

Notes on Personal CD Investing: Relationship Rate CDs

by Charles Rechlin

Occasionally, while searching for good CD deals, I stumble across a decent yield being offered for a relationship rate CD.

By “relationship rate CD,” I mean a CD carrying a bumped-up or promotional rate...

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United States Senate FCU Ups 60-Month Smart CD Rate

Deal Summary: 60-month Smart CD - 2.40% APY, $60k minimum; 2.34% APY, $20k minimum; 2.28% APY, $1k minimum.

Availability: Easy membership requirement

Last month, United States Senate Federal Credit Union (USSFCU) raised the rates on its 60-month Smart CD: 2.40% APY, $60k minimum; 2.34% APY, $20k minimum; 2.28% APY, $1k minimum. USSFCU's Current Rates page shows the 2.40% APY for "$60,000 - $99,999 plus Jumbo." According to CSR, "Jumbo" refers to deposits of more than $99,999, not a separate product.

The 60-month Smart CD is also...

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Icon Credit Union (ID/OR) Adds New High-Yield Checking

Deal Summary: High-Yield Checking, 2.50% APY up to $10k

Availability: Residents of seven Idaho and two Oregon counties.

Last November, Icon Credit Union (Icon CU) debuted its High-Yield Checking account that earns 2.50% APY on qualifying balances up to $10k, with non-qualifying accounts earning 0.05% APY on the entire balance. Unlike most Rewards Checking Accounts, the High-Yield Checking doesn’t earn any interest on qualifying balances above the set maximum ($10k).

High-Yield Checking Requirements

  • At least 15 debit card tranactions.
  • At least one Direct Deposit (no minimum amount).
  • Be enrolled in eStatements.
  • At...
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Discover Bank Has $100 Bonus On New Online Savings

UPDATE 2/15/2017: Offer has been extended through March 3, 2017 and coupon code has changed (SAVE117D1).

Deal Summary: $100 bonus on new Online Savings account.

Availability: Nationwide (internet bank)

Discover Bank is offering a $100 bonus when opening a new Online Savings account with a minimum deposit of $15k. This promotion is for customers who have never had a Discover Bank Online Savings or Money Market account.

$100 Bonus Requirements

  • Open an Online Savings account by January 31 March 3, 2017.
  • Use offer code SAVE12D3 SAVE117D1 when opening.
  • Fund with at least...
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Bank of New England Boosts 36-47 Month CD Rate By 102 Basis Points

Deal Summary: 36-47 Month CD, 2.27% APY, $10k minimum

Availability: Market area is primarily southeastern New Hampshire and nearby Massachusetts, but according to CSR, anyone who can come into a branch, regardless of where they live, can open an account.

Bank of New England began the week by raising the rate on its 36-47 Month CD (2.27% APY) by an impressive 102 basis points. The minimum opening deposit is $10k, with no stated balance cap. According to the Rates page, this is a limited time offer, but no...

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