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

Huntington Bank Boosts 19-Month Promo CD To 2.20% APY
Deal Summary: 19-month Promo CD, 2.20% APY, $1k min/$100k max, new money, in-branch only.

Availability: Residents of Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

DA readers are familiar with my blog posts on Huntington Bank’s (Huntington) long-running checking bonus (more about that later), but it’s been quite some time since Huntington offered a competitive CD. That changed this week when the rate on the 19-month Promo CD was raised to 2.20% APY. The Promo CD requires new money, with a minimum deposit of $1k and...

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First Citizens Bank (IA/MN) Has 48-Month CD Special (2.63% APY) w/Bump
Deal Summary: 48-month CD Special, 2.63% APY, $1k minimum, one-time bump option, available through March 5, 2018.

Availability: Online market area includes Iowa and Minnesota.

Iowa-based First Citizens Bank (First Citizens) is offering a limited-time 48-month CD Special (2.63% APY), which is available through March 5, 2018. In addition to the competitive rate, the CD Special also has a one-time Bump Option. The minimum opening deposit is $1k, with no stated balance cap.

First Citizens is also offering two other limited-time CD Specials: 12-month CD Special...

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NEFCU (Long Island) Adds 18-Month Penalty Free CD, 1.85% APY
Deal Summary: 18-Month Penalty Free Certificate, 1.85% APY, $1k minimum deposit, unlimited withdrawals.

Availability: Residents of most of Nassau and Suffolk Counties, New York.

NEFCU (formerly known as the Nassau Educators Federal Credit Union) is currently offering an 18-month Penalty Free Certificate (1.85% APY). The minimum deposit is $1k, with no stated balance cap. NEFCU’s website is a little light on the details, but according to the CSR Supervisor, “You can basically do whatever you want to,” with this Penalty Free Certificate. That translates into unlimited...

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Northern Bank Direct Ups Long-Term CD Rates
Deal Summary: 36-month CD (2.55% APY), 48-month CD (2.56% APY), $500 minimum deposit

Availability: Nationwide (internet bank)

Northern Bank Direct (NBD) has raised the rates on its long-term CDs this week, but I have to say it’s one of the more unique set of APYs I’ve seen in quite some time: 36-month (2.55% APY), 48-month (2.56% APY), and 60-month (2.57% APY). That’s right – only an increase of 1 bps for each additional 12 months. This is the flattest yield curve I've ever seen.

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Popular Direct's 18-Month CD Climbs To 2.30% APY
Deal Summary: 18-month Popular Direct CD, 2.30% APY, $10k minimum deposit.

Availability: Nationwide (internet bank)

For more than a year, Popular Direct has been actively raising the rates on its Popular Direct CDs. These competitive CDs have prompted seven separate blog posts from me, and at least as many Forum posts by DA readers. The latest blog post concerns the 18-month Popular Direct CD, which now earns 2.30% APY. The minimum deposit is $10k, with no stated balance cap.

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Cyprus Credit Union (UT) 60-Month CD Special Earns 3.10% APY
Deal Summary: 60-month Certificate Special, 3.10% APY, $1k minimum deposit, new money

Availability: Easy membership for all Utah residents by joining the Community Recreation Association; residents of Salt Lake County; employees of 40+ SEGS.

The 3 for 5 Club has a new member: Cyprus Credit Union’s (Cyprus CU) 60-month Certificate Special, which earns 3.10% APY. This limited-time Certificate requires a minimum deposit of $1k of new money, with no stated balance cap.

As of this writing, there are a total of seven CDs...

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University of Iowa CCU's 45-month CD Special Hits 3.00% APY
Deal Summary: CD Specials - 18-month (2.50% APY, $100), 30-month (2.70% APY, $100k), and 45-month (3.00% APY, $100k). Deposits of $1k+ earn APYs 10 bps lower.

Availability: University of Iowa students, staff, and alumni; Iowa residents and residents of four Illinois counties (Quad Cities area).

Competitive CD Specials have been a staple of University of Iowa Community Credit Union’s (UICCU) product line for quite some time. Not one to disappoint, UICCU currently has three very competitive CD Specials: 18-month (2.50% APY, $100), 30-month (2.70% APY,...

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Idaho Central Credit Union's 60-Month Promo CD Reaches 3.00% APY
Deal Summary: 60-month Promo CD, 3.00% APY, $500 minimum deposit, one-time additional deposit in first 60 days,

Availability: Residents of 27 Idaho counties and one Nevada county; members of any Idaho credit union (including CapEd FCU, an easy membership credit union).

The newest member of the “3 for 5” club is Idaho Central Credit Union’s (Idaho Central) 60-month Promo CD (3.00% APY). The minimum deposit is $500, with no stated balance cap.

All of Idaho Central’s CDs are eligible for a “1-time additional deposit in first 60...

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Limelight Bank's 6-Month CD Now Earns 1.71% APY
Deal Summary: 6-month CD, 1.71% APY; 12-month CD, 2.02% APY; 18-month CD, 2.08% APY; $1k minimum deposit.

Availability: Nationwide (internet bank)

In mid-October, Utah-based Capital Community Bank (CCBank) launched its new online division - Limelight Bank. The new Bank initially offered three short-term CDs (6-, 12- and 18-month), with fairly unimpressive rates. Within three weeks of unveiling its limited product line, the rates rose to competitive levels, as did CD rates at many other internet banks. I expected to see Limelight Bank participate in the rates race...

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Northfield Bank (NJ/NY) Offers New Online CDs
Deal Summary: 16-month CD, 2.10% APY, $2.5k minimum, must be opened online.

Availability: Online CDs are available to all residents of New York and New Jersey.

New York-based Northfield Bank is currently offering three Online CDs (9-month, 1.40% APY; 16-month, 2.10% APY; and 60-month, 2.50% APY). Of the three, the 16-month is the most competitive. The minimum opening deposit is $2.5k for any of the Online CDs, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty for the 16-month CD...

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