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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.

Popular Posts

Bank Deals Blog: CD Deals

The Federal Savings Banks Offers Promo CDs Nationwide Again
Availability: Promotional CDs – 18-month (1.10% APY), 3-year (1.20% APY), 5-year (1.50% APY), $10k minimum deposit, new money.

Availability: Nationwide through online application.

About two months ago, Chicago-based The Federal Savings Bank (TFSB) made two significant changes in regards to its Promotional CDs: online application was no longer available and the Promo CDs could only be opened as renewals – no new Promo CDs. Those changes were recently rescinded. All three Promo CDs can once again opened online and the rates listed on the Deposit Rates page...

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Rate Leading Long-Term CDs at Wings Financial Credit Union
Deal Summary: Certificates – 5-year (1.36% to 1.51% APY), 4-year (1.16% to 1.31% APY), 3-year (1.06% to 1.21% APY), Minimum deposits range from $500 to $250k. Rates are accurate as of 9/18/2020.

Availability: Easy Membership Requirement

It has been more than four years since my last post on Wings Financial Credit Union (Wings Financial). During that time, Wings Financial’s Certificate rates haven’t been high enough to be blog worthy. That has changed as rates at other banks and credit unions have fallen to all-time lows. Wings Financial’s Certificates with...

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Barksdale Federal Credit Union CDs Continue To Be Rate Leaders
Deal Summary: Certificates – 60-month (1.71% APY), 48-month (1.61% APY), 36-month (1.51% APY), 24-month (1.41% APY), 12-month (1.21% APY), $1k minimum deposit.

Availability: Nationwide with a military relationship and various other ways

It has been just over two months since I last wrote about the Certificates offered by Barksdale Federal Credit Union (Barksdale Federal). Rates have fallen, but their rates remain well above what other credit unions and banks currently offer. Barksdale Federal and its products may not technically be considered nationally available, but its field of membership is actually...

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USALLIANCE Financial Offers Four Certificate Specials
Deal Summary: Certificate Specials – 9-month (0.80% APY), 11-month No Penalty (0.75% APY), 18-month (1.02% APY), 36-month (1.15% APY), $500 minimum deposit, checking or savings relationship for required new members.

Availability: Easy membership requirement.

Thanks to DA reader, alan1, who noted the absence of two USALLIANCE Financial (USALLIANCE) Certificate Specials in this week’s CD Rates Summary.* As alan1 pointed out, the 9-month (0.80% APY) and 11-month No Penalty (0.75% APY) are currently offering rates that merit inclusion in the Summary. While not having rates as competitive as...

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Sandia Laboratory FCU (NM) Offers Competitive 24-Month CD Rates
Deal Summary: 24-month CD, 1.45% APY ($500k), 1.35% APY ($200k), 1.25% APY ($100k). 24-month IRA CD, 1.56% APY ($500k), 1.45% APY ($200k), 1.35% APY ($100k).

Availability: Easy membership requirement for all New Mexico residents.

While Sandia Laboratory Federal Credit Union (SLFCU) has been offering a 24-month CD for several years, SLFCU added a $500k deposit tier in May, which currently earns 1.45% APY. The other four APYs are 1.35% ($200k), 1.25% ($100k+), 1.15% ($50k+), and 1.05% ($1k+).

The 24-month CD is also offered as an IRA CD...

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Consumers Credit Union (IL) Ups 20-Month CD Rates
Deal Summary: 20-month CDs – Super-Jumbo CD, 1.20% APY, $250k minimum; Jumbo CD, 1.10% APY, $100k minimum; CD, 1.00% APY, $250 minimum.

Availability: Easy membership requirement

It’s been almost two years since I had occasion to write about CDs offered by Illinois-based Consumers Credit Union (CCU). Last week, CCU raised the rates on all three 20-month CDs by a uniform 25 bps. The new rates may seem low, but in today’s environment, they’re very competitive. Any rate hike these days is a ray of hope for...

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Community First Credit Union (WI) CDs Are Rate Leaders
Deal Summary: CDs – 1-year (1.20% APY), 18-month (1.30% APY), 2-year CD (1.40% APY), 3-year (1.50% APY), and 5-year CD (1.75% APY), $1k minimum.

Availability: 13 northeastern Wisconsin counties.

In the past eight months, I’ve written three blog posts about a variety of limited-time CD Specials offered by Community First Credit Union (Community First). The last of those competitive CD Specials has expired, but the majority of Community First’s regular CDs have become rate-leaders, as the musical-chair rate changes continue. All of these CDs can be opened...

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Service Credit Union 60-Month CD APY Ranks Near the Top
Deal Summary: 60-month Share Certificates, 1.50% APY, $1k minimum deposit.

Availability: Easy membership requirement (American Consumer Council or wide-ranging military relationship); residents of New Hampshire and portions of Massachusetts (Cape Cod).

There are two important take-aways from this blog post: 1) Service Credit Union’s (Service CU) 60-month Share Certificate (1.50% APY) is currently a near-rate leader and 2) Service CU is now an easy membership requirement credit union. The minimum deposit to open any Service CU Share Certificate is now $500 (previously $1k), with no...

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Vibrant Credit Union 5-Year Add-On CD Available Nationwide
Deal Summary: 5-year Add-On CD, 1.10% APY, unlimited additional deposits ($5 minimum) throughout the term, $5 minimum deposit.

Availability: Easy membership requirement

Illinois-based Vibrant Credit Union (Vibrant) has been offering its 5-year Add-On CD for about two years. Currently earning 1.10% APY, the 5-year Add-On CD allows for unlimited additional deposits ($5 minimum) throughout the term. The minimum opening deposit is only $5, with no stated balance cap.

As stated in the Rates & Service Charges document, the onerous Early Withdrawal Penalty reads as...

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Greenwood Credit Union Nationally Available 5-Year CD Is Rate Leader
Deal Summary: 60-month CD, 1.50% APY, $1k minimum deposit

Availability: Easy membership requirement

More than two years ago, Rhode Island-based Greenwood Credit Union (Greenwood CU) expanded its field of membership, becoming an easy membership credit union. Since May 2018, Greenwood CU has continued to offer very competitive rates on short- and long-term CDs, including a “wow-worthy” 3.75% APY on its 60-month CD in late 2018. The 60-month CD's APY is currently near the top for nationally available 5-year CDs, although at a much more modest rate of 1.50%...

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