I want to wish everyone a Happy Thanksgiving. May you enjoy today with your family and friends full of joy and peace. Thanks for all of your support this year.
It’s sort of my blog tradition for Thanksgiving to look back at some of the bank deals this year that we can be thankful for.
A good deal that’s still available is the one at Andrews Federal Credit Union. They’re offering 3.01% APY on two CDs: a 7-year term and a 3-month term. Details of the specials are listed in the post and in the comments of this blog post and this forum post.
Another 3% CD deal is the 3% APY 24-month CD special at Public Service Credit Union. The big downside with this one is the $10k maximum deposit. Also, this credit union is primarily limited to Colorado. Details of this special are listed in this blog post.
Hopefully, we’ll soon see more 3%+ CD specials without any limitations.
Most of the other good deals this year didn’t have rates quite as high as 3%. One deal early in the year was at Patelco Credit Union in California. In January it was offering a 5-year CD with a 2.50% APY. We’ll soon see if Patelco will have a similar offer this upcoming January.
Another credit union with a reputation of occasional good deals is Navy Federal. In August it came out with a special add-on 20-month certificate with a 2.00% APY. The downside was a $20k maximum balance. There’s also the downside of limited membership. You have to have a military connection to qualify for Navy Fed membership.
One credit union that joined the list of easy-to-join credit unions this year was Veridian Credit Union. This Iowa credit union has a history of offering top CD rates, and this year was no different. The best deals came in May with CD rates as high as 2.40% APY for terms of 39 months.
I know some of these deals have issues, but let's focus on the positives today.
What deposit account deals were you thankful for this year?