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

Northfield Bank Unveils Nationally Available 11-Month CD
Deal Summary: 11-month Online CD, 5.65% APY, $2.5k min/$225k max deposit, new money, can be opened online or in-branch.

Availability: Nationwide through online application.

It has been more than five years since I’ve written about any product offered by Staten Island-based Northfield Bank. Since that time, Northfield Bank has expanded its online market area, with the 11-month Online CD (5.65% APY) now available nationwide. The minimum opening deposit is $2.5k of new money, which is defined simply as “funds not currently on deposit at Northfield Bank.”...

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Limelight Bank Boosts 12-Month CD Rate
Deal Summary: 12-month CD, 5.75% APY, $1k minimum/$500k maximum deposit.

Availability: Nationwide (internet bank)

Utah-based Limelight Bank (an online division of Utah-based Capital Community Bank) added 25 bps to its 12-month CD this week. Currently earning 5.75% APY, the 12-month CD has the highest APY of any 1-year CD offered by an internet bank. Limelight Bank's 18-month CD (5.60% APY) also had a rate increase of 25 bps, but it's not quite as competitive as the 12-month term. The minimum opening deposit is $1k, with a balance cap...

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Community Credit Union (FL) Adds Competitive 13-Month CD Special
Deal Summary: 13-Month CD Special, 5.75% APY, $1k minimum deposit.

Availability: Easy membership requirement in Florida; also 6 Central East Florida counties.

For a limited time, Community Credit Union (CCU) is offering a 13-month CD Special earning 5.75% APY. The minimum opening deposit is $1k, with no stated balance cap. According to CSR, no end-date has been announced for the 13-month CD Special.

The 13-month CD Special is also available as an IRA CD Special (Traditional and Roth), earning the same APY with...

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Superior Choice Credit Union Adds Rate-Leading Reward Checking Account
Deal Summary: Superior Checking, 7.00% APY on qualifying balances of $5k-$25k, $100 minimum opening deposit.

Availability: Easy membership requirement.

Wisconsin-based Superior Choice Credit Union (SCCU) has unveiled its new reward checking account, Superior Checking, which earns 7.00% APY on qualifying balances between $5k and $25k. The minimum opening deposit is only $100, but any balance of less than $5k earns no interest.

The other rate tiers (as described on the landing page) are not that impressive.

    In addition to maintaining a minimum daily average balance of $5k...

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    Family Savings Credit Union (AL/GA) Adds Rate-Leading 18-Month CD
    Deal Summary: 18-month CD Special. 5.80% APY, $500 minimum deposit.

    Availability: 13 northeast Alabama and 16 northwest Georgia counties.

    For a limited time, Alabama-based Family Savings Credit Union (Family Savings) is offering a rate-leading 18-month CD Special. Earning 5.80% APY, the 18-month CD Special can be opened with a $500 minimum deposit.

    The 18-month CD Special is also available as an IRA CD Special (Traditional, Roth), earning the same APY with the same deposit requirements.

    Early Withdrawal Penalty

    As stated in the Fee Schedule, the Early Withdrawal Penalty reads...

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    Latest Liquid Bank Account Rates
    Latest Liquid Bank Account Rates

    The odds of additional Fed rate hikes continue to be low. The Thursday release of the Fed’s preferred inflation gauge, PCE price index, may impact the odds. If it continues the inflation trend seen in the October CPI and PPI reports, the odds of additional Fed rate hikes may decline more while the odds of rate cuts in early 2024 may rise.

    The odds of a Fed rate hike at the December 12-13 meeting are 4.2%, down slightly from 4.8% last week. The odds of a rate hike at the January...

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    Synchrony Bank 14-Month CD Is A Rate Leader for Major Online Banks
    Deal Summary: 14-month CD (5.65% APY), No minimum balance, Scheduled to end on Dec 4, 2023.

    Availability: Nationwide

    Late last week Synchrony Bank increased the rate on its 14-month CD by 40 bps to 5.65% APY. According to Synchrony Bank’s small print, the CD offer is available “until 11:59 PM Eastern Time on December 4, 2023.” This is the highest CD rate that Synchrony Bank has offered in its history, and it’s one of the highest CD rates from a well-established online bank. The rate is tied with...

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    The Federal Savings Bank 5-Year Promo CD APY Is Near Market-Leader
    Availability: Promotional CDs – 5-year (5.12% APY), 3-year (5.17% APY), $5k minimum deposit, new money or renewal funds.

    Availability: Nationwide through online application.

    Chicago-based The Federal Savings Bank (TFSB) has ended the month by significantly increasing the rate of its 5-year Promotional CD. Following the addition of 182 bps, the 5-year Promotional CD current offers a near market-leading 5.12% APY. The 3-year Promotional CD APY was recently upped to 5.17%, following a more modest increase of 17 bps. Either Promotional CD can be opened with a $5k...

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    Vio Bank Cornerstone Money Market Rate Continues To Rise
    Deal Summary: Cornerstone Money Market Account, 5.30% APY on all balances up to $2.5 million, $100 minimum opening deposit.

    Availability: Nationwide (internet bank)

    Oklahoma-based Vio Bank introduced the Cornerstone Money Market Account (Cornerstone MMA) in April 2021. At that time, there was only a few bps difference between the Cornerstone MMA APY and the Vio Bank High Yield Online Savings (HYOS) APY. While the HYOS APY plateaued at 1.10% APY about a year ago, the Cornerstone MMA rate has steadily risen in the past 18 months, gaining...

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    Alabama Credit Union 6% 12-Month Cyber Monday CD Available Today Only
    Deal Summary: 12-Month Cyber Monday CD Special, 6.00% APY, $2.5k minimum deposit, new money, only available for 24 hours.

    Availability: Easy membership requirement; also 21 Alabama counties and one Florida county.

    The 12-Month Cyber Monday CD Special (6.00% APY) offered by Alabama Credit Union (ACU) is only available for a very limited time: TODAY. The 12-Month Cyber Monday CD Special requires a minimum $2.5k deposit of new money. According to the fine print on the CD Rates page, new money is defined...

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    Sallie Mae Bank Boosts All CD Rates
    Deal Summary: CDs – 15-month (5.55% APY), 12-month (5.50% APY), and 24-month (5.25% APY), $2.5k minimum deposit.

    Availability: Nationwide (internet bank).

    As DA reader, RichardW, observed in a Forum post last week, Sallie Mae Bank (SMB) recently increased the rates on the majority of its CDs. The most noteworthy rates belong to the 12-month CD (5.50% APY), 15-month CD (5.55% APY), and 24-month CD (5.25% APY). The minimum opening deposit is $2.5k, with no stated balance cap. (Note: These are CDs that are offered...

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    DR Bank Now Offers Nationally Available Online Product Line
    Deal Summary: 18-month Prime CD, 5.60% APY, $500 minimum deposit.

    Availability: Nationwide through online application.

    Connecticut-based DR Bank recently upped the rate on its nationally-available 18-month Prime CD to 5.60% APY. The minimum opening deposit is $500, with no stated balance cap.

    The 18-month Prime CD is also available as a Prime IRA CD (Traditional, Roth), earning the same APY with the same deposit requirements.

    Added to the product line four months ago, the 18-month Prime CD has had two rate increases, adding a total of 35 bps


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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.