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

Franklin Savings Bank (NH) 42-Month CD Special Earns Up To 3.10% APY
Deal Summary: 42-month CD Special, 3.00% APY ($2k minimum), 3.10% APY ($25k minimum of new money).

Availability: Market area is Central New Hampshire.

Franklin Savings Bank (FSB) has added a 42-month CD Special with two very competitive rates: 3.00% APY with a $2k minimum deposit, and 3.10% APY with a minimum of $25k of new money. Just to make sure there’s no confusion, the 3.00% APY does not requires new money.

In a Live Chat, CSR stated that the Early Withdrawal Penalty is “18 months loss of...

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IncredibleBank Ups High Yield Savings Rate, 1.82% APY ($25k+)
Deal Summary: High Yield Savings, 1.82% APY ($25k+), 1.21% APY (less than $25k), $2.5k minimum opening deposit. IB CDs – 12-month (2.11% APY), 24-month (2.42% APY), 36-month (2.52% APY), $1k minimum deposit.

Availability: Nationwide (internet bank)

Yesterday, IncredibleBank, the internet division of Wisconsin-based River Valley Bank, raised the rate on its High Yield Savings account to 1.82% APY on balances of $25k+; balances less than $25k still earn 1.21% APY. The minimum opening deposit is $2.5k, but there is no minimum balance required to earn the...

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Argentine Federal Savings (KS) 14-Month CD Special Jumps To 2.65% APY
Deal Summary: 14-month CD Special, 2.65% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City metropolitan area.

Argentine Federal Savings unveiled its 14-month CD Special (2.00% APY) on New Year’s Eve. That initial rate lasted almost three months before it fell to 0.70% APY. In two rate increases in the past four days, AFS added a total of 195 bps, giving the 14-month CD Special an impressive 2.65% APY. The minimum deposit is $1k of new money, with no stated...

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BMI FCU (Ohio) 37-Month CD Special Earns 2.70% APY
Deal Summary: Share Certificate Specials – 37-month (2.70% APY) and 49-month (2.80% APY), $5k minimum deposit

Availability: Residents of eight central Ohio counties (Columbus Metropolitan Statistical Area).

Once again, BMI Federal Credit Union (BMI) is offering competitive rates on its Share Certificate Specials (SCS). According to BMI’s website, “To ensure our rates remain competitive, our certificate specials are offered for a limited time.” Of the seven SCS, the 37-month (2.70% APY) and 49-month (2.80% APY) have the best rates. While BMI’s regular Share Certificates...

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Union Bank (VT and NH) Adds 3-Year CD, 2.62% Blended APY
Deal Summary: 3-Year Step CD, 2.62% blended APY, $25k minimum deposit

Availability: Market area includes Northern Vermont and Northwestern New Hampshire.

Vermont-based Union Bank has added a 3-year Step CD that offers a 2.62% blended APY. The minimum deposit is $25k, with no stated balance cap.

This is not a “step-up” CD, with an option for a rate bump during the term length, but a CD with three different APYs scheduled to go into effect at yearly intervals.

    Year 1 – 1.50% APY

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MainStreet Bank Has Nationally Available 3-Year CD (2.70% APY)
Deal Summary: 2-Year CD (2.50% APY), 3-Year CD (2.70% APY), 4-Year CD (2.75% APY), $500 minimum deposit

Availability: Nationwide

As DA reader, ChasR, stated in a Forum post, MainStreet Bank is again offering competitive CD rates. Following substantial rate increases (95-105 bps) at the end of last week, the 2-Year CD (2.50% APY), 3-Year CD (2.70% APY), and 4-Year CD (2.75% APY) now rank near the top of their respective term categories. The minimum opening deposit is only $500, with no stated balance cap.

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First Internet Bank Raises 12-Month CD To 2.22% APY
Deal Summary: 12-month CD (2.22% APY), 18-month CD (2.32% AYP), 36-month CD (2.58% APY), and 48-month CD (2.68% APY), $1k minimum deposit

Availability: Nationwide (pure internet bank)

Last week, First Internet Bank (First IB) raised the rates on all its CDs for the fifth time in the past four months. The rate increases were 5 bps for all CDs, with the exception of the 60-month CD, which added 6 bps. Any First IB CD can be opened with a $1k minimum deposit and there are no stated balance...

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Dime Boosts 4-Year CD Rate To 2.75% APY
Deal Summary: 4-year CD, 2.75% APY, $500 minimum deposit

Availability: New York City metropolitan area

Dime Community Bank (Dime) recently raised the rate on its 4-year CD (2.75% APY). The minimum deposit is $500, with no stated balance cap.

In the past six months, the 4-year CD has gained 160 bps in three rate increases. The 2.75% APY falls just short of the November 2009 high of 3.00% APY.

As stated in the CD FAQs, the Early Withdrawal Penalty for the 4-year CD reads as...

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Northwest FCU Adds 5-Year Appreciation CD, Up To 3.41% APY
Deal Summary: 5-year Appreciation Certificate, APYs of 3.15% ($1k+), 3.35% ($100k+), and 3.41% ($250k+), Heritage Club required.

Availability: Easy Membership Requirement

Northwest Federal Credit Union (NWFCU) celebrated its 70th anniversary in 2017. As a thank-you to its loyal members, NWFCU is offering a 5-year Appreciation Certificate, which can earn up to 3.41% APY with Heritage Club bonus rates.

Heritage Club

NWFCU’s Heritage Club is for Credit Union members, age 62 and over.

As DA reader, me1004, stated in a Forum post today,

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KEMBA FCU (OH) Has Promo CDs: 44-Month (4% APY), 14-Month (3% APY)
Deal Summary: Advantage Promotion Certificates - 14-Month (3.00% APY), 44-month (4.00% APY), $10k min/$50k max, new money, Advantage status required, limit of one Certificate per person, available through April 30, 2018.

Availability: Residents of Delaware, Fairfield, Franklin, Licking, Logan, Madison, and Union Counties, Ohio; Employees/members of 280 Partner Companies.

Now through April 30, 2018, KEMBA Financial Credit Union (KEMBA) is offering two Advantage Promotion Certificates: 14-Month (3.00% APY) and 44-month (4.00% APY). The minimum deposit is $10k of new money with a maximum deposit of...

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