Bank Deals Blog: CD Deals

Pennsylvania-based Freedom Credit Union (Freedom CU) substantially increased the rates on its long-term CDs this week. With increases of 26 bps, the 36-month (1.26% APY), 48-month (1.31% APY), and 60-month (1.41%) are currently offering competitive rates. The minimum opening deposit is $500, with no...

Michigan-based Genisys Credit Union (Genisys) recently added 20 bps to its limited-time 30-month Share Certificate Special (SCS). Currently earning 1.05% APY, the 30-month SCS can be opened with a $500 minimum deposit, with no stated balance cap.

The 30-month SCS made its debut in late 2019 with a 2.40% APY. When compared to current rates, 2.40% APY is quite impressive, but in early 2020, the top rate for a...

Massachusetts-based Alltrust Credit Union (Alltrust) recently raised the rate on its 15-month Growth CD to 1.00% APY. Minimum opening deposit is $500 and new money is required. The Growth CD is an “add-on” CD that allows for unlimited additional deposits ($100 minimum new money) throughout the term. New money is defined as “money not currently...

Here’s a relatively unfamiliar name for DA readers who follow CD rates and trends: Credit One Bank. As you may be aware, Credit One Bank is best known as a bank and financial services company that specializes in credit cards. For about the past six months, Credit One Bank has been offering a limited Jumbo CD product line. While the rates aren’t outstanding, they are nonetheless competitive. Any of the six Jumbo...

Following this week’s 25 bps increase, American Heritage Federal Credit Union’s (American Heritage) 60-month Share Certificate has the highest rate (1.50% APY) currently offered on nationally available 5-year CDs (minimum opening deposit of less than $100k). The American Heritage 60-month Share Certificate can be opened with a $1k minimum deposit and has no stated balance cap.

The 60-month Share Certificate is also available as an IRA Certificate (Traditional, Roth) earning the same...

Following an increase of 55 bps at the beginning of the year, the 24-month CD (1.00% APY) offered by Bellco Credit Union (Bellco) was a “New to Summary” CD in this week’s CD Rates Summary. Like the majority of Bellco’s CDs, the 24-month CD requires a $500 minimum opening deposit, with no stated balance cap.

The 24-month CD is also available as an IRA CD (Traditional, Roth, and CESA), earning the same...

As I noted in yesterday’s CD Rates Summary, several CDs offered by North Carolina-based Live Oak Bank are once again featured in the Summary following recent rate increases. While all Live Oak Bank CDs saw increases between 10-25 bps, the 1-year (0.75% APY) and 18-month (0.80% APY) offer the most competitive rates - currently the highest offered by any internet bank on these specific term-lengths. Any Live...

As DA reader, cumulus, noted in a recent Forum post, USALLIANCE Financial (USALLIANCE) recently boosted the rate of its 18-month Certificate Special to 1.05% APY. When the month began, USALLIANCE increased the rate of this Special from 0.75% to 0.95%. Surprisingly, USALLIANCE did another increase to raise the rate to 1.05% APY. The 18-month Certificate Special now offers one of the highest rates offered on a nationally available 18-month CD. The minimum opening deposit...

Washington-based Gesa Credit Union (Gesa) is currently offering various promotions, including a 17-month Certificate Special and a $300 new checking bonus.

17-month Certificate Special

Earning 1.05% APY, the 17-month Certificate Special is the most competitive CD in Gesa’s product line. This limited-time Certificate Special requires a $500 minimum opening deposit. According to the small print of the promotions page, "total certificate balances at this term and...

Following this week’s 10 bps increase, Teachers Federal Credit Union’s (TFCU) 60-month CD (1.35% APY) has the highest rate offered on nationally available 5-year CDs (minimum deposit of $50k or less). Like all of TFCU’s non-jumbo CDs, the 60-month CD requires a $1k minimum opening deposit, with no stated balance cap.

The 60-month CD is also offered as an IRA CD (Traditional, Roth, and CESA) earning the same 1.35% APY. The Traditional and...