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.
Deal Summary: Some Term Deposit rates will be lowered on March 22, 2019.
Availability: Easy membership requirement
I was notified this morning that Mountain America Credit Union (MACU) will be lowering the rates on some of its Term Deposits (MACU’s version of CDs) tomorrow. The Term Deposits affected by the rate changes are:
Deal Summary: 19-month CD Special, 3.10% APY, $1k minimum deposit, new money, available through March 31, 2019.
Availability: Easy membership requirement.
Now through March 31, 2019, USF Federal Credit Union (USF FCU) is offering a 19-month CD Special, which earns 3.10% APY. The minimum deposit is $1k of new money, with no stated balance cap.
According to CSR, the Early Withdrawal Penalty (EWP) for the 2-year CD applies to the 19-month CD Special, with partial withdrawals allowed. As stated in the Truth-in-Savings disclosure (part of the online application),...
Deal Summary: 48-month CD – 3.40% APY ($500) and 3.50% ($100k). 48-month IRA – 3.50% APY ($500) and 3.60% ($100k).
Availability: Residents of nine Louisiana parishes (Baton Rouge area).
The original intent for this EFCU Financial (EFCU) blog post was to highlight the 48-month CD, which earns 3.40% APY ($500 min) or 3.50% APY ($100k min). All of EFCU’s CDs offer tiered APYs, with Jumbo CDs ($100k min) earning an extra 10 bps.
When I took a closer look at EFCU’s rate sheet, I...
Deal Summary: 12-month CD (2.86% APY), $5k minimum deposit
Availability: Nationwide (internet bank)
Colorado Federal Savings Bank (CFSB) added 35 bps to its 12-month CD (2.86% APY) yesterday. This latest rate increase puts the 12-month just shy of being the top-rated nationally available 1-year CD (minimum deposits of $10k or less). The 12-month CD can be opened with a $5k minimum deposit, with no stated balance cap.
A total of 116 bps have been added to the 12-month CD in the past year in five rate...
Availability: Residents of portions of eleven Utah, eleven Nevada (Las Vegas), 16 Idaho, two Arizona (Phoenix), and one Oregon counties.
In February, Utah-based America First Credit Union (America First CU) doubled the rate on its 6-11 month Certificates (Regular, Dedicated Savings, Ladder, and IRA) to 3.00% APY and also raised the rates on its 48-59 and 60-month Certificates. Those rates are still in effect today.
Availability: Residents of Davis, Morgan, and Weber Counties, Utah.
At the beginning of the week, Wasatch Peaks Credit Union (Wasatch Peaks CU) increased the rates on the vast majority of its Certificates to very competitive levels. The minimum opening deposit for any of these Certificates is $500, with no stated balance caps.
The Certificates are also available as IRAs (Traditional and Roth),...
Availability: Residents of Michigan counties of Genesee, Lapeer, or Shiawassee, or Deerfield and Tyrone Townships in Livingston County.
For a limited time, Dort Federal Credit Union (Dort FCU) is promoting a 25-month Certificate Special, which earns 4.00% APY. The minimum opening deposit is $50k, with no stated balance cap. While Dort FCU offers an additional 15 bps on its Jumbo Certificates (minimum $100k), the 25-month Certificate Special is excluded from that rate increase.