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: CD Deals

Hanscom Federal Credit Union Adds 19-Month CD, 3.00% APY
Deal Summary: 19-month CD Special, 3.00% APY, $1k minimum deposit

Availability: Easy membership requirement; Active and retired military; Federal employees in Massachusetts; 250+ SEGs.

Last week, Hanscom Federal Credit Union (Hanscom FCU) added a 19-month CD Special earning a competitive 3.00% APY. The minimum opening deposit is $1k, with no stated balance cap.

In the past, Hanscom FCU has required a checking relationship with its promotional CDs, but the 19-month does not require a checking account to earn the stated APY.

As stated in the Disclosure for Personal...

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1st MidAmerica Credit Union Ups 35-Month CD Rate To 3.39% APY
Deal Summary: 35-month CD, 3.39% APY, $1k minimum deposit

Availability: Residents of 21 southern Illinois counties and one Missouri county.

1st MidAmerica Credit Union (1st MidAmerica) recently raised the rate on its 35-month CD to 3.39% APY. Added to the product line in late November, the 35-month CD originally earned 3.03% APY. A minimum $1k opening deposit is required, with no stated balance cap.

The 35-month CD is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

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Argentine Federal Savings 14-Month CD Jumps To 3.25% APY
Deal Summary: 14-month CD Special, 3.25% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City area.

Since the beginning of the year, Argentine Federal Savings (AFS) has been offering limited-time competitive rates on its 14-month CD Special. As DA reader, TheseGoTo11, noted in a Forum post this weekend, AFS has upped the rate to 3.25% APY. The minimum deposit is $1k of new money, with no stated balance cap.

When the 14-month CD Special made its debut in January 2018, it...

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Rhode Island Credit Union Adds 18-Month CD, 3.05% APY
Deal Summary: 18-month CD, 3.05% APY, $500 minimum deposit

Availability: Residents of Rhode Island and those who live/work within 50 miles of the Rhode Island border.

Rhode Island Credit Union (RICU) is currently offering an 18-month CD, which earns 3.05% APY. The minimum opening deposit is $500, with no stated balance cap. DA is calling this a “limited-time” offer because the fine print on RICU’s CD Rates page gives the effective date as “12/06/18 through 12/12/18.” CSR explained that RICU is reviewing its rates weekly, which...

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UniBank for Savings Boosts 8-Month CD Special to 2.75% APY
Deal Summary: 8-month CD Special, 2.75% APY, $2.5k minimum deposit

Availability: Online market area includes Connecticut, Massachusetts, and Rhode Island.

Massachusetts-based UniBank for Savings (UniBank) has raised the rate on two of its CD Specials: 8-month (2.75% APY) and 6-month (2.50% APY). Of the two, the 8-month has the more competitive rate. Either CD Special can be opened with a $2.5k minimum deposit.

Prior to last week’s 150 bps increase, the 8-month CD Special’s APY was regulated to rate oblivion, with APYs...

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Associated Credit Union of Texas Has 13-Month CD, 3.00% APY
Deal Summary: 13-month Share Certificate, 3.00% APY, new money, $1k minimum deposit

Availability: Residents of nine southeast Texas counties.

Associated Credit Union of Texas (ACU of Texas) has unveiled a 13-month Share Certificate earning 3.00% APY. This limited-time offer requires a minimum $1k opening deposit of new money. While the Credit Union’s Rates page lists a Jumbo version of its Share Certificates that earn an additional 10 bps for deposits of at least $50k, the 13-month Jumbo ($50k minimum) earns the same 3.00% APY.

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New Millennium Bank (NJ/NY) Ups 12-Month CD, 2.95% APY
Deal Summary: 12-month CD Special, 2.95% APY, $10k minimum deposit, new money.

Availability: Market area includes the New Jersey counties of Bergen and Middlesex, and the New York Boroughs of Manhattan and Queens.

New Jersey-based New Millennium Bank recently raised the rate on its 12-month CD Special (2.95% APY). This special rate requires a minimum $10k deposit of new money.

The 12-month CD Special was added to the product line in September, earning 2.40% APY. The 55 bps increase at the end of...

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Sharon Bank (PA) Offers 39-Month Promo CD, 3.50% APY
Deal Summary: 39-month Promotional CD, 3.50% APY, $5k minimum deposit

Availability: Market area includes Delaware County and the Philadelphia metro area.

Sharon Bank is currently offering a series of four Promotional CDs, including a 39-month (3.50% APY) that has the most competitive rate. Any of the Promotional CDs can be opened with a minimum $5k deposit.

CSR stated that the Early Withdrawal Penalty for the 39-month Promotional CD is 730 days (2 years) interest on the amount being withdrawn, with partial withdrawals allowed.

High Yield Money...

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MIDFLORIDA Credit Union Adds 18-Month CD Special, 3.00% APY
Deal Summary: 18-month CD Special, 3.00% APY, $10k minimum deposit, with a $2 million maximum deposit per Social Security number.

Availability: Residents of 25 central Florida counties.

A year ago, MIDFLORIDA Credit Union (MIDFLORIDA) offered 3.00% APY on a 5-year CD in celebration of the Credit Union’s assets reaching $3 billion. The 3.00% APY is available again, but this time it’s attached to an 18-month CD Special that should provide “many happy returns.” This limited time offer requires a $10k minimum opening deposit and carries a “$2...

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Small Increases On Advancial Short-Term CDs
Deal Summary: Jumbo Certificates, $50k minimum – 3-month (2.71% APY), 6-month (2.85% APY), 1-year (3.04% APY), 18-month (3.14% APY), and 2-year (3.19% APY).

Availability: Easy membership requirement by joining Connex ($5 fee); residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

DA reader, rockies, posted December’s new rates for Advancial’s Jumbo Certificates in the Forum and they’re somewhat of a mixed bag. While the short-term Jumbo Certificates saw small increases (between 3 and 7 bps), the rates...

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