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

Pelican State Credit Union 24-Month CD Still Has Market-Leading Rate
Deal Summary: 24-month CD, 5.27% APY, $500 minimum deposit.

Availability: Nationwide Easy Membership Requirement

Louisiana-based Pelican State Credit Union (Pelican State) has been offering 5.27% APY on its 24-month CD since mid-August 2023. As other 2-year nationally available CD rates have dropped in the past few months, that 5.27% APY has become more competitive. The minimum opening deposit is $500, with no stated balance cap. While Jumbo CDs ($10k minimum deposit) are listed separately on the Pelican State website, the APY for the 24-month...

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Resource One Credit Union 12-Month CD Is Still A Rate-Leader
Deal Summary: 12-month CD (6.17% APY), 12-month IRA CD (6.43% APY), $500 minimum deposit.

Availability: Dallas County and northwest Harris County, Texas.

I am simply amazed that Resource One Credit Union (R1CU) is still offering an excellent 6.17% APY on its 12-month CD. The minimum opening deposit is $500, with no stated balance cap.

The 12-month CD is also offered as an IRA CD (Traditional, Roth) with the same minimum deposit requirement, but earning 6.43% APY, 26 bps higher than the 12-month CD.

Long-time DA member, xer00,...

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Logix Federal Credit Union Has Competitive 12-Mo Add-On No-Penalty CD
Deal Summary: 12-month Flex Certificate, 5.25% APY, $1k minimum deposit of new money, one additional deposit, one penalty-free withdrawal up to 25% of current balance.

Availability: Easy membership requirement in AZ, CA, MA, MD, ME, NH, NV, and VA.

California-based Logix Federal Credit Union (Logix) is currently offering a 12-month Flex Certificate with a competitive 5.25% APY. The minimum opening deposit is $1k of new money, with no stated balance cap. “New money” is defined simply as “money not currently on deposit with Logix.”

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First State Bank (MI) Offers Competitive 15-Month CD Special
Deal Summary: 15-month CD Special, 5.40% APY, $1k minimum deposit, combination of new money and limited existing funds possible.

Availability: Macomb and Oakland Counties, Michigan.

Although spring can’t arrive soon enough for most of us, First State Bank is still promoting its “Cozy Up with Winter Savings” 15-month CD Special. Offering a competitive 5.40% APY, the 15-month CD Special requires a minimum opening deposit of $1k of new money, with no stated balance cap.

The 15-month CD Special is also available as an IRA CD Special (Traditional,...

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Ventura County Credit Union (CA) Adds Competitive 13-Mo No Penalty CD
Deal Summary: 13-month No Penalty Certificate, 5.25% APY, $1k minimum deposit, unlimited penalty-free withdrawals..

Availability: Santa Barbara and Ventura Counties, California

For a limited time, Ventura County Credit Union (VCCU) is offering a 13-month No Penalty Certificate with a competitive 5.25% APY. The minimum opening deposit is $1k, with no stated balance cap. According to CSR, unlimited penalty-free withdrawals are allowed throughout the term, as long as a $1k minimum balance is maintained. Should a withdrawal result in a balance of less than $1k, the 13-month No...

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America First Credit Union Ups 12-17 Month Add-On CD Rate
Deal Summary: 12-17 month Dedicated Savings Certificate, 5.30% APY, $500 min/$100k max deposit, unlimited additional deposit up to $100k balance cap. 12-17 Regular Certificate, 5.30% APY, $500 min/no max deposit.

Availability: Portions of counties in Arizona (3), Idaho (16), Nevada (11), New Mexico (12), Oregon (1), and Utah (9).

Utah-based America First Credit Union (America First CU) recently raised the rate on all ten “varieties” of its 12-17 month Certificate to 5.30% APY. Of those ten certificates, the 12-17 month Dedicated Savings Certificate is the most competitive....

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Newtek Bank Nudges 6-Month CD APY To Near Rate-Leading Level
Deal Summary: 6-month CD, 5.55% APY, $2.5k minimum/$250k maximum deposit.

Availability: Nationwide (internet bank)

One of the competitive “New To Summary” CDs in yesterday’s CD Deals Summary is the 6-month CD offered by Miami-based Newtek Bank (Newtek). A recent (and modest) 5-bps rate increase has nudged the 6-month CD rate up to 5.55% APY. Newtek CDs require a $2.5k minimum opening deposit and are capped at $250k.

Newtek's best CD deal was last fall when in October it increased the rate...

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Wescom Credit Union (CA) Unveils 18-Month Add-On CD Special
Deal Summary: 18-month Add-On CD Special, 5.00% APY, $500 min/$250k max deposit per CD, unlimited additional deposits throughout the term.

Availability: Eight Southern California counties.

Wescom Credit Union (Wescom) recently debuted an 18-month Add-On CD Special earning 5.00% APY. The minimum opening deposit is $500, with a $250k balance cap per CD Special.

The 18-month Add-On CD Special is also available as an Add-On IRA CD Special (Traditional, Roth), earning the same APY with the same deposit requirements.

As stated in the fine print...

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CAFCU Has Added A Competitive Nationally Available 7-Month CD Special
Deal Summary: 7-month Share Certificate Special, 5.50% APY, $1k minimum deposit, new money required.

Availability: Easy membership requirement.

Illinois-based Corporate America Family Credit Union (CAFCU) has added a 7-month Share Certificate Special earning 5.50% APY. A minimum of $1k of money “transferred from another institution” is required to open a 7-month Share Certificate Special. As stated in the fine print on the Share Certificates page,

The $1k minimum deposit of new money is mentioned on the website several times and one instance is worded a bit awkwardly, implying that...

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Notre Dame Federal Credit Union Adds Rate-Leading CD Specials
Deal Summary: Certificate Specials – 11-18 months (5.55% APY), 36-month (5.25% APY), no minimum deposit.

Availability: Northern Indiana and Southwest Michigan; more than 1,200 SEGs.

Indiana-based Notre Dame Federal Credit Union (NDFCU) is currently offering two Certificate Specials with market-leading rates: 11-18 months (5.55% APY) and 36-month (5.25% APY). There is no minimum opening deposit and no stated balance cap.

The Certificate Specials are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

Early Withdrawal Penalty

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