Bank Deals Blog: CD Deals

Florida-based GTE Financial has raised the rate on its 12-month Add-On IRA Special to 3.30% APY. The minimum opening deposit is $500, with no stated balance cap. There’s also a Jumbo version of the 12-month IRA Special, requiring a $100k minimum deposit, but it earns the same 3.30% APY....

Philadelphia-based Asian Bank recently updated its promotional CD Specials selection, with the 18-month (2.80% APY) now offering the most competitive rate. (I had planned on writing about the 30-month CD Special (3.00% APY), but it was removed from the product line yesterday.) The 18-month CD Special requires $10k minimum opening deposit, with no stated balance cap....

About a year ago, Keesler Federal Credit Union (KFCU) caused quite a flurry of interest with a 5.00% APY offered on its 7-month Share Certificate Special. That...

It's been nearly seven years since I wrote about Empower Federal Credit Union (Empower). While not known as a prolific producer of competitive CDs, Empower’s good Share Certificate rates established in February, have now become very good rates in July. The most competitive Share Certificate currently in the...

In May, Hiway Federal Credit Union (Hiway FCU) added a 14-month Certificate earning 2.70% APY. At the time, 2.70% APY wasn’t a very impressive rate for a 1-year CD, but as rates have drifted downward, the 14-month Certificate has become competitive. While the majority of Hiway FCU’s Certificates have tiered APYs based on deposit levels of $500, $10k, and $25k, the...

Wisconsin-based Thrivent Federal Credit Union (TFCU) has two very competitive long-term Share Certificates: 60-month (3.25% APY) and 48-month (3.05% APY). The minimum opening deposit for either Share Certificate is $1k, with no stated balance cap.

As stated in the Service Fees brochure, the Early Withdrawal Penalty reads as follows:

Terms of 30 months to 60 months: 365 days’ dividend.

Funding a Share Certificate can be done by ACH, wire transfer,...

As other banks have been cutting their 5-year CD rates, Chicago-based The Federal Savings Bank (TFSB) has been holding steady with a rate that is now near the top for nationally available 5-year CDs. TFSB is offering 3.30% APY on its 5-year Promotional CD. The minimum opening deposit is $10k of new money, which is defined as “funds not currently on deposit with The Federal Savings Bank.”

While the 3.30% APY has been...

About a year ago, I wrote about Oklahoma-based First United’s Performance CDs. First United does not provide any CD term-length or rate information on its website, which makes tracking CD rates on a daily basis problematic. As of yesterday, the 14-month Performance CD earned 2.75% APY, with the 30-month offering 3.05% APY. The minimum opening deposit is $50k of...

Encompass Credit Union (Encompass CU) is offering 3.04% APY on its 24-, 36-, 48-, and 60-month CDs. The minimum opening deposit is $500, with no maximum balance cap. While these rates have been in place for some time, they’ve become more competitive in the past few months, as the rate climate has been cooling down.

According to CSR, the Early Withdrawal Penalty (EWP) is based on the amount...

St. Jean’s Credit Union (St. Jean’s CU) is currently offering an 11-month CD Special, which earns 2.76% APY. The CD Special can be opened with a $500 minimum deposit and is capped at $250k. New money (defined simply as money not on deposit at St. Jean’s CU) is required

The CD Special is also offered as an IRA (Traditional), earning the same APY with the same...