Thanksgiving is almost here, and on behalf of DA’s staff, I would like to take this opportunity to thank all of you for your support this year. May you all have a Happy Thanksgiving with your family and friends.
Right after Thanksgiving comes Black Friday which has traditionally been regarded as the start of the Christmas shopping season. Stores open early (and in many cases before the end of Thanksgiving) with hot Black Friday sales. It’s not just stores that offer Black Friday sales.
Banks and credit unions have jumped on the bandwagon with their own Black Friday sales. Several years ago ING Direct used to offer Black Friday specials every year. After Capital One acquired ING Direct, the new ING Direct (Capital One 360) continued with these Black Friday specials, but that ended last year. Even though Capital One 360 has ended its Black Friday specials, other banks and credit unions have come out with their own deals.
Below is a list of the the Black Friday deposit account specials. If you have seen others, please leave a comment.
- 3.01% APY 7-yr and 3.01% APY 3-mo CD specials at Andrews Federal Credit Union. There’s also a 1.81% APY 18-month CD special. These are probably the best Black Friday specials this year. Details of the specials are listed in the post and in the comments of this blog post and this forum post.
- 3.00% APY 24-month CD at Public Service Credit Union in Colorado. Two downsides with this deal are a maximum deposit of $10,000 and a limited membership (primarily limited to Colorado residents). Details of this special are listed in this blog post.
- 10.00% APY 3-month CD at Service Credit Union. Yes, that’s a 10% CD. However, there’s a maximum deposit of only $1,000. That limits the interest that you can earn to only $25. Nevertheless, it’s easy money if you’re a member or if you can qualify for membership. Details of this special are listed in this forum post.
- $200 Checking Account Bonus at HomeStreet Bank. Direct deposit is required. The checking account must be opened at one of HomeStreet Bank branches on the West Coast. Details of this special are listed in this forum post.
If you know of any other banks or credit unions offering Black Friday specials, please leave a comment. And for any deposit account special that you come across in the future, please consider posting the special in the DA Bank Promotions forum.
Hopefully, these Black Friday specials are just the start of many more deposit account deals as the holiday season begins and as we enter into a better interest rate environment (let’s hope).