Bank Deals Blog: CD Deals

In the past two months, Department of Commerce Federal Credit Union (DOCFCU) has raised the rates on its long-term Certificates three times, with the 36-47, 48-59, and 60-84 month CDs gaining 45, 46, and 51 bps, respectively. Any of DOCFCU’s CDs can be opened with a $500 minimum deposit, with no stated balance...

New York-based Quontic Bank (Quontic) ended the week by raising the rates on all the CDs in its product line. I last wrote about these CDs in mid-December, when Quontic started accepting online applications after a several-month hiatus. About two weeks after that blog post, Quontic lowered the rates on its CDs by 25 bps. This week’s increases haven’t returned all the...

Florida Credit Union (FCU) is currently offering a $300 bonus (Promo Code 21CHK300) when opening a “free personal full-service checking account.” The fine print on the offer page lists the following requirements and conditions:

FCU’s Interest-Bearing Checking and Value Checking (non-interest bearing) both are eligible for the $300 bonus. The Value Checking has no monthly service fee, no minimum balance requirement, a $5 minimum opening deposit...

In January, Veridian Credit Union (Veridian) added a 21-month Jumbo CD earning 0.90% APY to its product line. The minimum opening deposit is $100k, with no stated balance cap. At the beginning of the year, the 0.90% APY was placed solidly in the middle of 2-year nationally available CDs category in...

Slovenia Savings and Loan (SSL) has substantially raised the rates on the majority of its Certificates, with increases of 25, 35, and 50 bps. The new APYs equal those of a year ago and are definite rate leaders today. The minimum opening deposit is $500, except for the 12-month Certificate, which requires a $1k...

Liberty Bay Credit Union (Liberty Bay) is currently offering a 15-month Bump-Up CD Special, which earns 0.70% APY. The minimum opening deposit is $10k, with no stated balance cap.

As stated in the fine print on the CD Rates page,

15-month CD holders are responsible for contacting Liberty Bay to redeem the rate-increase feature prior to initial maturity date.

Complex Community Federal Credit Union’s (CCFCU) 36-month CD currently earns a competitive 1.38% APY and can be opened with a $500 minimum deposit. CCFCU offers an additional 5 bps on its CDs for those who belong to the Members Advantage program. Offered through BaZing, a Members Advantage subscription starts at $5.75 per month and is a benefits package that includes cell phone protection, roadside assistance, and local shopping discounts.

It’s been almost three years since I last wrote about California-based Kinecta Federal Credit Union (Kinecta). While not the most familiar name in EMR credit unions and rarely having top rates, Kinecta has consistently offered good Share Certificate rates for several years. With the recent merger of Xceed Financial Credit Union (approximately $900 million in assets and 50,000+ members nationwide), Kinecta may be positioned to offer more competitive products and rates.

Indiana-based CommunityWide Federal Credit Union (CW) began the month by adding 5 bps to its 6-month Share Certificate (0.70% APY) and 12-month Share Certificate (0.75% APY). The minimum opening deposit is $1k, with no stated balance cap.

The 6- and 12-month Share Certificates are also available as IRA Certificates (Traditional and Roth), earning the same APYs with the same deposit requirements. As stated on the Membership Eligibility page,

A year ago, I wrote about the 1-2 year Jumbo Investment Certificate and Investment Certificate offered by Tennessee-based Eastman Credit Union (ECU). At that time, the 1.10% APY and 1.05% APY were rate leaders in Tennessee and Virginia. While the rates have each been lowered by 40 bps in the past year, the...