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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Langley FCU Has Nationally Available 60-Month CD (2.53% APY)
Deal Summary: 60-month CD – 2.53% APY w/Active Rewards, 2.43% APY w/o Active Rewards, $1k minimum deposit.

Availability: Easy membership

Virginia-based Langley Federal Credit Union (Langley FCU) raised the rates on its 60-month CD at the end of last week: 2.53% APY w/Active Rewards, 2.43% APY w/o Active Rewards. The minimum deposit is $1K, with no stated balance cap.

The 60-month CD is also offered as an IRA (Traditional, Roth) earning the same APYs, but with a lower minimum deposit of $500.

Active Rewards

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Regions Bank Has $200 LifeGreen Checking Bonus
Deal Summary: $200 bonus when opening any LifeGreen checking account by September 30, 2017.

Availability: New checking customers in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas.

For the past few years, Regions Bank (Regions) has been regularly offering bonuses to new checking customers when opening any LifeGreen Checking account. The last time I wrote about this bonus it was $300, but this latest version is a $200 bonus.

$200 Bonus Requirements

  • Open any personal LifeGreen Checking Account by September...
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CIT Bank Increases Rate on 11-Month No-Penalty CD

Deal Summary: No-Penalty 11-month CD (1.45% APY, $1k minimum)

Availability: Nationwide (internet bank)

CIT Bank increased the rate of its 11-month No-Penalty CD by 20 bps to 1.45% APY. Minimum deposit is $1,000. The No-Penalty CD allows the customer to withdraw the total balance and interest earned without penalty seven days or later after funds have been received. Partial withdrawals of principal are not permitted.

CIT Bank began offering the No-Penalty CD in early July at the same time the savings account rate was increased to 1.30% APY...

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Salem Five Direct Offers 1.35% APY On New eOne Savings Accounts
Deal Summary: eOne Savings, 1.35% APY, $100 minimum opening deposit, $1 million maximum, new eOne customers only.

Availability: Nationwide (internet bank)

This is the latest good news, bad news, and hopeful news about Salem Five Direct's eOne Savings account.

Good news – the rate has been increased to 1.35% APY and the balance cap has been raised to $1 million.

Bad news – the fine print on the promotion page reads,

And in a Live Chat today, CSR stated,

Hopeful news, maybe – in May, a few DA readers reported that their requests...

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Old Missouri Bank Offers Limited-Time 19-Month CD
Deal Summary: 19-month CD, 1.76% APY, $5k minimum deposit, $500k maximum balance per household. Kasasa Cash Checking, 3.01% APY up to $25k.

Availability: 19-month CD is available in MO. Kasasa Cash Checking is available in AR, IA, IL, KS, KY, MO, NE, OK, and TN.

Last week, Old Missouri Bank (OMB) began offering a limited-time 19-month CD (1.76% APY). The minimum opening deposit is $5k and, according to the promotion page, there is a “maximum balance of $500,000 per household.”

According to CSR, the Early...

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Mutual Federal Bank (IL) Raises 1-Year CD Rate To 1.62% APY
Deal Summary: 1-Year Certificate, 1.62% APY, $500 minimum deposit, $249k maximum deposit.

Availability: Greater metropolitan Chicago

The last time I had occasion to write about Mutual Federal Bank (Mutual Fed) was more than six years ago. While Mutual Fed is a small bank with only $78.2 million in assets, it is currently offering a highly competitive 1-year Certificate (1.62% APY). The minimum opening deposit is $500, with a balance cap of $249k.

The 1-year CD is also available as an IRA (Traditional), earning the same APY...

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Georgetown Bank (MA/NH) Adds Classic CD Specials
Deal Summary: Classic CD Specials: 18-month,1.75% APY; 36-month, 2.00% APY; $10k minimum.

Availability: Market area is Massachusetts and southern New Hampshire. Note: Georgetown Bank has recently been acquired by Salem Five Bank.

While Georgetown Bank has been offering its Classic CDs for more than six years, the Bank has recently added several Classic CD Specials. Of the eight new Classical CD Specials, the 18-month (1.75% APY) and 36-month (2.00% APY) are the most competitive. A $10k minimum deposit is required to open any of...

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Bank of Sun Prairie (WI) Offers 24-month CD Promo, 2.00% APY
Deal Summary: 24-month CD Promotion, 2.00% APY, $10k minimum deposit, one-time bump.

Availability: Wisconsin

For a limited time, Bank of Sun Prairie is offering 2.00% APY on its 24-month (and 60-month) CD Promotion. The minimum deposit is $10k, with a $250k balance cap. For obvious reasons, I’m only addressing the 24-month CD Promotion.

The 24-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

A one-time rate bump option is available for any Bank of Sun Prairie CD...

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Mountain America CU Unveils Term Deposit Plus With Add-On Feature
Deal Summary: Term Deposit Plus Accounts (an add-on version of the regular Term Deposits earning the same APYs), $5 min/$100k max, minimum $10 automatic monthly deposit.

Availability: Easy membership requirement.

Utah-based Mountain America Credit Union (MACU) has expanded their product line to include Term Deposit Plus accounts (TDP), which are essentially an add-on version of their Term Deposit accounts.

The TDPs earn the same APYs as the Term Deposits, but "makes saving for long-term goals easy." The TDP promo page outlines how these new accounts work.

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Island FCU (NY) Adds 11-Month Certificate Special (1.75% APY)
Deal Summary: 11-month Certificate Special, 1.75% APY, $1k minimum deposit, new money.

Availability: Residents of Nassau County and Suffolk County, New York; members of NYC area Communications Workers of America Locals.

We may be in the doldrums of the dog days of summer, but Island Federal Credit Union (Island FCU) has perked up its product line with an 11-month Certificate Special (1.75% APY). (There are actually a total of four Certificate Specials, but the 11-month is the only competitive one.) The minimum deposit is $1k...

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CD Rates Summary August 15, 2017
CD Rates Summary August 15, 2017

On Wednesday the Fed releases the minutes of its July FOMC meeting. That may provide clues on whether we should expect a December rate hike. One important thing to look for is more concerns that the recent low inflation may not just be a temporary condition. Last Friday, the Labor Department released its July CPI report, and as CNBC reported:

There was some positive economic news today. As reported by Reuters, “U.S. retail sales recorded their biggest increase in seven months.”

Even though inflation news isn’t encouraging for a rate hike,...

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Red Rocks CU (CO) Has Limited-Time 12- and 24-Month CDs
Deal Summary: Limited-time, new money, special tiered-rate Share Certificates: 12-month (1.50% APY, $10k; 1.75% APY, $50k; 2.00% APY, $100k), 24-month (1.75% APY, $10k; 2.00% APY, $50k; 2.25% APY, $100k).

Availability: Easy membership requirement for Colorado residents.

For a limited time, Red Rocks Credit Union (Red Rocks CU) is offering special tiered rates based on deposit levels ($10k, $50k, $100k) on its 12-month and 24-month Share Certificates. New money (defined as “funds held outside Red Rocks Credit Union”) is required to open these Share Certificates, and the promotion...

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