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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North Shore Bank (WI/IL) Offers $200 Checking Bonus
Availability: Market area includes 16 eastern Wisconsin counties (Lake Michigan shoreline) and McHenry County, Illinois.

Now through February 11, 2017, Wisconsin-based North Shore Bank, FSB's (North Shore Bank) will reward new customers with up to $200 when opening a new checking account (Better-Than-Free, Perks, or Platinum Checking).

Bonus Requirements

  • $100 – open a new North Shore Bank checking account by February 11, 2017.
  • $100 – have least 10 debit card transactions OR set up Direct Deposit by March 31, 2017.

Limitations

  • New “personal households” only.
  • May not have received a North Shore promotional reward in...
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University FCU (UT) Adds 20 Basis Points To 60-Month CD
Availability: Salt Lake County, Utah

Earlier this week, University Federal Credit Union (University FCU) raised the rate on its 60-month Certificate (2.50% APY). The minimum opening deposit is $1k, with no stated balance cap.

In its more than 5-year history, the 60-month Certificate has had over 20 rates changes, with the current APY being the highest rate ever.

The 60-month Certificate is also available as an IRA (Traditional), but at a slightly higher APY of 2.55% and a lower minimum deposit of $500.

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Coastal Heritage Bank (MA) Adds 9- or 12-month CD Special (1.60% APY)
Availability: Market area is Massachusetts’ South Shore area.

Coastal Heritage Bank has just added two limited-time CD Specials (9-month and 12-month) that each earn 1.60% APY. The minimum opening deposit is $1k of new money, with a maximum balance cap of $500k per person.

There is a limit of one account per person, and a personal checking account (new or existing) is required to open either CD.

According to CSR, the Early Withdrawal Penalty is three months of interest for the 9-month CD Special, with the 12-month CD Special losing...

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My Banking Direct Increases Money Market APY to 1.15%
Availability: Nationwide, except for residents of Arizona, Florida, New York, New Jersey, or Ohio.

About a month ago, I wrote about My Banking Direct’s rate increase on its online Money Market Checking account that occurred just days before the Federal Reserve’s December rate hike. Yesterday, My Bank Direct became the second internet bank to increase the rate on a Money Market account post-Fed rate increase, with the Money Market Checking account now earning 1.15% APY on balances over $25k (10 bps increase). Balances between $5k-$25k earn 0.75% APY,...

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Huntington National Bank Again Extends $200 Checking Bonus

UPDATE 1/19/17: Offer has been extended through April 30, 2017.

Availability: Residents of Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia

Huntington National Bank (Huntington Bank) regularly features opening bonuses for new checking accounts. The latest promotion, Huntington 5 Checking® and $200, is available now through January 31, 2017 April 30, 2017.

Qualifications for the $200 Bonus:

  • *Open a new Huntington 5 Checking® account online, or in-branch using the promotion code that will be emailed upon request.
  • Make at least $1k in deposits within 60 days of account opening.
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Partner Colorado Credit Union (Easy Membership) Adds Celebrate CDs
Availability: Easy membership requirement

Partner Colorado Credit Union (Partner Colorado) is currently featuring its 12-month Celebrate CD (1.25% APY) and 24-month Celebrate CD (1.55% APY). The minimum opening deposit for either CD is $500.

Although not labeled with the Celebrate moniker, both Celebrate CDs are also available as IRAs (Traditional), earning the same APYs with the same funding requirements.

As stated on the Celebrate CD promotion page, the Early Withdrawal Penalty reads as follows:

Availability

Headquartered in the Denver suburb of Arvada, Partner Colorado Credit...

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East Boston Savings Bank (MA) Hikes 48-Month CD Rate
Availability: Market area is Greater Boston metropolitan area.

East Boston Savings Bank (EBSB) has raised the rate on its 48-month CD (2.13% APY). The minimum opening deposit is $1k, with no stated balance cap.

For the past seven months, the 48-month CD’s APY was 1.50%, following a six-month stay at 2.13%. The current APY is the highest rate for the 48-month CD in more than six years.

The 48-month CD is also offered as an IRA (Traditional, Roth, CESA, SEP) earning the same APY, but...

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$400 Checking Bonus Available At Regions Bank

UPDATE 1/19/2017: The $400 bonus is no longer available.

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

A week ago, I wrote about Regions Bank’s (Regions) $300 LifeGreen Checking bonus. How quickly things change. Regions is now offering a $400 LifeGreen Checking bonus, and the Direct Deposit requirement has been dropped.

$400 Bonus Requirements

  • Open any personal LifeGreen Checking Account by January 31, 2017, online using Promo Code 400MC3, or in person using a personalized...
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CD Rates Summary January 17, 2017
CD Rates Summary January 17, 2017

Unlike last year at this time, we continue to be on the road to higher interest rates. We had high hopes in December 2015 after the first Fed rate hike since the financial crisis, but that hope faded halfway through the month of January 2016 when the stock markets tanked and worries of a recession grew. The four Fed rate hikes for 2016 that were suggested by the Fed’s December 2015 projections never happened. Instead, we just got one Fed rate hike last month.

In last month’s Fed meeting, the economic...

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SunTrust Bank Extends Three Checking Bonuses
Availability: U.S. residents in AL, AR, DC, FL, GA, MD, MS, NC, SC, TN, VA, and WV.

In December, SunTrust Bank’s (SunTrust) Q416 checking bonuses expired and replaced with the Q117 checking bonuses. The qualifying requirements have remained the same, as has the dollar amount of the bonus for each new checking account.

  • $100 bonus when opening a new Essential Checking account.
  • $200 bonus when opening a new Select Checking account.
  • $300 bonus when opening a new Signature Advantage account.

Bonus Requirements

  1. Open a new SunTrust checking account, and

  2. Deposit at least $100...
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HomeBanc (FL) Adds 21- And 31-Month CD Specials
Availability: Market area is Central Florida.

In late December, HomeBanc, N.A. (HomeBanc) added two CD Specials: 21-month CD (1.50% APY) and 31-month CD (1.85% APY). The minimum opening deposit is $10k of new money, with a balance cap of $100k.

There is a limit of one 21-month and one 31-month CD Special per household. The fine print on the Current Rates page states,

Checking account required with $1,500 minimum opening deposit.

According to a very helpful CSR, all of HomeBanc’s four checking accounts (Home Free, Classic,...

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Northwest Savings Bank Offers Up To $200 In Checking Bonus
Availability: Market area covers portions of Maryland, New York, Ohio, and Pennsylvania.

While many recurring checking account bonuses have specific start and end-dates (usually spanning a couple of months), Northwest Savings Bank’s MyNorthwest Checking bonus (up to $200) has been continuously available for several years. As I was going through my list of current bonuses, I realized that I hadn’t written about this particular bonus since April 2015 – time for a new blog post.

The $200 MyNorthwest Checking account bonus is actually two $100 bonuses, with the first $100...

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