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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

Sun Community Fed Credit Union 60-Month Jumbo CD Has Top Rate In CA
Deal Summary: 60-month Jumbo Share Certificate, 2.05% APY, $100k min deposit. 60-month Share Certificate, 2.00% APY, $500 min deposit.

Availability: Residents of Imperial County and Coachella Valley, California

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).

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Asian Bank's 15-month CD Special Is A Rate Leader
Deal Summary: 15-month CD Special, 1.68% APY, $10k minimum deposit. 48-59 month CD, 2.02% APY, $1k min deposit.

Availability: Market area includes southeast Pennsylvania, portions of south New Jersey, portions of New York City and Westchester County, and northern Delaware.

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...

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$200 Checking Bonus At Georgia's Own Credit Union
Deal Summary: $200 bonus when opening a Perks+ Checking Account online, between now and August 31, 2020. Requires six debit card transactions and direct deposit totaling at least $1k per statement cycle.

Availability: Easy membership requirement for George residents.

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...

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Vibrant Credit Union Adds 15-Month CD Special
Deal Summary: 15-month CD Special, 1.30% APY, no minimum deposit.

Availability: Possible easy membership requirement.

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...

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Connex Credit Union (CT) Has 2.00% APY 60-Month CD
Deal Summary: 60-month CD, 2.00% APY, $500 minimum deposit.

Availability: Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.

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...

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Bayer Heritage Federal Credit Union Has Rate Leading 1-Year CD
Deal Summary: 12-23 Month Share Certificate, 1.51% APY, minimum $500 deposit.

Availability: Employees of Bayer Corporation; Residents of Marshall, Tyler, and Wetzel Counties, West Virginia; Belmont, Licking, Monroe, and Muskingum Counties, Ohio; and Berkeley and Charleston Counties, South Carolina.

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...

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Georgia's Own Credit Union CDs Remain Competitive
UPDATE 7/6/2020: Easy membership requirement now restricted to Georgia residents.

Deal Summary: CDs – 2-year (1.25% APY), 3-year (1.45% APY), 4-year (1.50% APY) and 5-year (1.70% APY), $500 minimum deposit.

Availability: Easy membership requirement for George residents.

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...

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Spokane City Credit Union Offers Top-Rate 36-Month CD With Add-On
UPDATE: 6/29/2020 - Information about membership has been added to the Availability section below.

Deal Summary: 36-month CD, 2.02% APY, $1k min/$100k max deposit per household, unlimited additional deposits.

Availability: Residents of Washington state and three Idaho counties.

Washington-based Spokane City Credit Union’s (SCCU) 36-month CD is currently earning 2.02% APY. The minimum opening deposit is $1k, with a $100k maximum deposit allowed per household. While the $100k maximum deposit puts the CD at a disadvantage, the ability to make unlimited additional deposits ($500 minimum)...

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Oakwood Bank (TX) Has Top-Rate 48-Month CD
Deal Summary: 48-month CD, 2.02% APY, $2.5k minimum deposit.

Availability: Dallas metro area.

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...

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Bank of Baroda CDs Available Nationwide
Deal Summary: 1-2 year CD, 1.50% APY, $1k minimum deposit.

Availability: Nationwide

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...

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