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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

Dept of Commerce Federal Credit Union Raises Long-Term CD Rates
Deal Summary: CDs – 36-47 month (1.02% APY), 48-59 month (1.17% APY), and 60-84 Month CD (1.27% APY), $500 minimum deposit

Availability: Easy membership for residents of DC, DE, MD, PA, VA, and WV

In the past two months, Department of Commerce Federal Credit Union (DOCFCU) has raised the rates on its long-term Certificates three times, with the 36-47, 48-59, and 60-84 month CDs gaining 45, 46, and 51 bps, respectively. Any of DOCFCU’s CDs can be opened with a $500 minimum deposit, with no stated balance...

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Quontic Bank Increases All CD Rates
Deal Summary: CDs – 6-month (0.65% APY), 1-year (0.75% APY), 2-year (0.85% APY), 3-year (1.00% APY), $500 minimum deposit.

Availability: Nationwide through online application.

New York-based Quontic Bank (Quontic) ended the week by raising the rates on all the CDs in its product line. I last wrote about these CDs in mid-December, when Quontic started accepting online applications after a several-month hiatus. About two weeks after that blog post, Quontic lowered the rates on its CDs by 25 bps. This week’s increases haven’t returned all the...

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Florida Credit Union Offers $300 Checking Bonus
Deal Summary: $300 bonus when opening a new Interest-Bearing Checking or Value Checking account.

Availability: 48 counties in North, Central, and South Florida.

Florida Credit Union (FCU) is currently offering a $300 bonus (Promo Code 21CHK300) when opening a “free personal full-service checking account.” The fine print on the offer page lists the following requirements and conditions:

FCU’s Interest-Bearing Checking and Value Checking (non-interest bearing) both are eligible for the $300 bonus. The Value Checking has no monthly service fee, no minimum balance requirement, a $5 minimum opening deposit...

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Veridian Credit Union 21-Month Jumbo CD Is A Rate Leader
Deal Summary: 21-month Jumbo CD, 0.90% APY, $100k min deposit. 7-month Jumbo CD Special, 0.85% APY, $100k minimum deposit

Availability: Easy membership requirement through Dwolla; residents of all 99 Iowa counties and six southeast Nebraska counties.

In January, Veridian Credit Union (Veridian) added a 21-month Jumbo CD earning 0.90% APY to its product line. The minimum opening deposit is $100k, with no stated balance cap. At the beginning of the year, the 0.90% APY was placed solidly in the middle of 2-year nationally available CDs category in...

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Slovenian S&L (PA) Boosts All Certificate Rates
Deal Summary: Certificates – 12-month (1.00% APY), 18-month (1.00% APY), 24-month (1.25% APY), 36-month (1.50% APY), 60-month (1.50% APY), $500 min deposit except for $1k min for 12-month.

Availability: Washington County, Pennsylvania

Slovenia Savings and Loan (SSL) has substantially raised the rates on the majority of its Certificates, with increases of 25, 35, and 50 bps. The new APYs equal those of a year ago and are definite rate leaders today. The minimum opening deposit is $500, except for the 12-month Certificate, which requires a $1k...

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Liberty Bay Credit Union (MA) Offers 15-Month Bump-Up CD Special
Deal Summary: 15-month Bump-Up CD Special, 0.70% APY, $10k minimum, one-time rate increase option.

Availability: 97 named towns in Middlesex, Norfolk, Plymouth, and Suffolk Counties, Massachusetts (greater Boston metro area).

Liberty Bay Credit Union (Liberty Bay) is currently offering a 15-month Bump-Up CD Special, which earns 0.70% APY. The minimum opening deposit is $10k, with no stated balance cap.

As stated in the fine print on the CD Rates page,

15-month CD holders are responsible for contacting Liberty Bay to redeem the rate-increase feature prior to initial maturity date.

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Complex Community Federal Credit Union (TX) 3-Year CD Offers Top Rate
Deal Summary: 36-Month CD, 1.38% APY, $500 minimum deposit.

Availability: Residents of nine West Texas counties.

Complex Community Federal Credit Union’s (CCFCU) 36-month CD currently earns a competitive 1.38% APY and can be opened with a $500 minimum deposit. CCFCU offers an additional 5 bps on its CDs for those who belong to the Members Advantage program. Offered through BaZing, a Members Advantage subscription starts at $5.75 per month and is a benefits package that includes cell phone protection, roadside assistance, and local shopping discounts.

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Kinecta Federal Credit Union And Xceed Financial Credit Union Merge
Deal Summary: 2-year Share Certificate, 0.75% APY ($100k min), 0.70% APY ($1k min)

Availability: Easy membership requirement

It’s been almost three years since I last wrote about California-based Kinecta Federal Credit Union (Kinecta). While not the most familiar name in EMR credit unions and rarely having top rates, Kinecta has consistently offered good Share Certificate rates for several years. With the recent merger of Xceed Financial Credit Union (approximately $900 million in assets and 50,000+ members nationwide), Kinecta may be positioned to offer more competitive products and rates.

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CommunityWide Federal Credit Union Ups Short-Term CD Rates
Deal Summary: Share Certificates – 6-month (0.70% APY), 12-month (0.75% APY), $1k minimum deposit

Availability: Easy membership requirement

Indiana-based CommunityWide Federal Credit Union (CW) began the month by adding 5 bps to its 6-month Share Certificate (0.70% APY) and 12-month Share Certificate (0.75% APY). The minimum opening deposit is $1k, with no stated balance cap.

The 6- and 12-month Share Certificates are also available as IRA Certificates (Traditional and Roth), earning the same APYs with the same deposit requirements. As stated on the Membership Eligibility page,

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Eastman Credit Union 1-Year Jumbo CD Still Competitive
Deal Summary: 1-2 year Jumbo Investment Certificate, 0.70% APY, $100k minimum deposit; 1-2 year Investment Certificate, 0.65% APY, $1k minimum deposit.

Availability: Residents of seven Tennessee, seven Virginia, and two Texas counties; 80 SEGs.

A year ago, I wrote about the 1-2 year Jumbo Investment Certificate and Investment Certificate offered by Tennessee-based Eastman Credit Union (ECU). At that time, the 1.10% APY and 1.05% APY were rate leaders in Tennessee and Virginia. While the rates have each been lowered by 40 bps in the past year, the...

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