Bank Deals Blog: CD Deals

I haven’t written about Sun Community Federal Credit Union (Sun Community) in nearly six years. While all Sun Community CDs had substantial rates drops (between 32 and 53 bps) in early May, the APYs have remained competitive, particularly the 60-month Jumbo Share Certificate (2.05% APY, $100k minimum) and 60-month Share Certificate (2.00% APY, $500 minimum).

Last July, I wrote about Philadelphia-based Asian Bank’s promotional CD Specials. At that time, there were four CD Specials in Asian Bank’s product line, but today there’s only one – a 15-month, which earns 1.68% APY. The minimum opening deposit is $10k, with no stated...

Now through August 31, 2020, Georgia’s Own Credit Union (Georgia’s Own) is offering a $200 bonus when opening a Perks+ Checking Account online. Bonuses like the one offered by Georgia’s Own have become more attractive, now that interest rates have fallen to such low levels.

$200 Bonus...

Illinois-based Vibrant Credit Union (Vibrant) recently introduced a 15-month CD Special, which currently earns 1.30% APY. Vibrant CDs have no minimum opening deposit requirement or stated balance cap.

As stated in the Rates & Service Charges document, the heavy-handed Early Withdrawal Penalty reads as follows:

Funding any type of CD can be done by an ACH or wire transfer. According to CSR, the easiest way to fund a CD is through an...

While there are about 30 credit unions in the nation offering a 5-year CD with an APY of 2.00% or higher, the vast majority of these credit unions have limited fields of membership (FOM) and less than 5,000 members. On the other hand, Connex Credit Union (Connex), has an FOM that includes half of Connecticut’s counties, more than 60,000 members, and a 60-month CD earning 2.00% APY. The minimum opening...

Since the beginning of the year, Bayer Heritage Federal Credit Union (Bayer Heritage) has been offering a rate of 1.51% APY on its 12-23 Month Share Certificate. The minimum deposit is $500, with no stated balance cap. 1.51% APY is the highest Share Certificate rate currently available at...

I wrote about Georgia’s Own Credit Union’s CDs in late April. Since that time, those CD rates have fallen between 45 and 50 bps, but the CDs have remained competitive. The 2-, 3-, 4-, and 5-year CDs can be found at or near the top of...

Oakwood Bank (Oakwood) is currently offering a 48-month CD earning 2.02% APY. The minimum opening deposit is $2.5k, with no stated balance cap.

I found this CD by chance, as DA collects no rate data from Oakwood. (No rates are listed on Oakwood’s website.) When I was checking out the 48-month CD (2.02% APY) offered by Community Bank of Snyder (CBoS), I noticed Oakwood branches listed as CBoS branches. Long story short, CBoS...

Last week, DA reader, ichealm, posted about Bank of Baroda’s nationally available competitive CDs. Bank of Baroda structures the terms of its CDs to give maximum flexibility, with terms (in monthly increments) of 1-month up to 10-years available. Currently, the most competitive CD is the 1-year to less than 2-year CD, which earns 1.50% APY. (Actually, the 1.50% APY applies to the majority of terms offered.) The minimum opening deposit is $1k, with “no...