Bank Deals Blog: CD Deals

Deal Summary: No-Penalty 11-month CD (1.45% APY, $1k minimum)

CIT Bank increased the rate of its 11-month No-Penalty CD by 20 bps to 1.45% APY. Minimum deposit is $1,000. The No-Penalty CD allows the customer to withdraw the total balance and interest earned without penalty seven days or later after funds have been received. Partial withdrawals of principal are not permitted.

CIT Bank began offering the No-Penalty CD in early July at the same time the savings account rate was increased to 1.30% APY...

Last week, Old Missouri Bank (OMB) began offering a limited-time 19-month CD (1.76% APY). The minimum opening deposit is $5k and, according to the promotion page, there is a “maximum balance of $500,000 per household.”

According to CSR, the Early...

While Georgetown Bank has been offering its Classic CDs for more than six years, the Bank has recently added several Classic CD Specials. Of the eight new Classical CD Specials, the 18-month (1.75% APY) and 36-month (2.00% APY) are the most competitive. A $10k minimum deposit is required to open any of...

For a limited time, Bank of Sun Prairie is offering 2.00% APY on its 24-month (and 60-month) CD Promotion. The minimum deposit is $10k, with a $250k balance cap. For obvious reasons, I’m only addressing the 24-month CD Promotion.

The 24-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

A one-time rate bump option is available for any Bank of Sun Prairie CD...

We may be in the doldrums of the dog days of summer, but Island Federal Credit Union (Island FCU) has perked up its product line with an 11-month Certificate Special (1.75% APY). (There are actually a total of four Certificate Specials, but the 11-month is the only competitive one.) The minimum deposit is $1k...

For a limited time, Red Rocks Credit Union (Red Rocks CU) is offering special tiered rates based on deposit levels ($10k, $50k, $100k) on its 12-month and 24-month Share Certificates. New money (defined as “funds held outside Red Rocks Credit Union”) is required to open these Share Certificates, and the promotion...

At the end of last week, First Bank of Tennessee (FBT) boosted the rate on its 60-month Quarterly COD (2.62% APY) by an impressive 162 bps. The minimum deposit is $500, with no stated balance cap.

The 60-month Quarterly COD is also offered as an IRA (Traditional), earning the same APY with the same funding requirements.

For the vast majority of the past four years, the 60-month Quarterly COD’s APY remained at 1.00%, with two very short-lived...

Miami-based Pacific National Bank (PNB) has raised the rate on its 12-month CD (1.60% APY), making it the top-rated 1-year nationally available CD. The minimum deposit is $1k of new money and is capped at $250k.

PNB is one of those banks that makes it very difficult to determine what the Early Withdrawal Penalty (EWP) is. When I saw there was a Terms and Conditions document listed on the online application, I thought I...