Bank Deals Blog: CD Deals

FORUM Credit Union (FORUM) has been offering 3.00% APY on its 18-month CD for a couple of months, but in light of falling rates, the 3.00% APY has become competitive. (Two months ago, the rates for Noteworthy Local Deals, 18-month CDs in the bi-weekly CD Rates Summary ranged from 3.25% APY to 2.85% APY, with FORUM’s 18-month CD right in the middle.) The minimum opening deposit is $500, with no stated...

Thanks to a DA reader who emailed me, I’m able to give a heads-up about a 10-month CD being offered for one day (May 23) by Centra Credit Union (Centra CU). The DA reader learned about this very limited-time offering when he visited a branch earlier this week. This CD doesn’t appear on the Centra CU’s website, the Call Center hadn’t been informed about the CD when I...

There was movement today in the savings account rates peloton, with WebBank’s High-Yield Savings Account breaking away to match the 2.50% APY offered on USALLIANCE Financial’s High Dividend Savings. The minimum deposit required to open and earn the stated APY is $1k, with initial funding capped at $500k. 2.50% APY seems to be the “rate du jour” for nationally available liquid accounts, with three savings and five money market accounts...

The rates on Missouri-based UNICO Bank’s (UNICO) long-term CDs haven’t changed for six months. In December, UNICO’s rates were “meh,” but in the current climate of falling rates, the 36-, 48-, and 60-month CDs have become very competitive. All of UNICO’s CDs require a $1k minimum deposit, with no stated balance cap.

The long-term CDs are also available as...

American United Federal Credit Union (America United) has been offering the 3.50% APY base rate on its 60-month Share Certificate for several months, but the rate has only become notable lately because the current rate climate. (FYI – you’ll probably be reading some variation on that statement from me, as...

Now through May 31, 2019, Partners Financial Federal Credit Union (Partners Financial) has a 9-month Share Certificate Special earning 3.00% APY. The minimum opening deposit is $10k of new money, which is defined as funds not on deposit in an existing Partners Financial account. The fine print on the landing page states, “promotion may end early if limit is...

When Pioneer Valley Credit Union (PVCU) raised the rate on its 60-month Share Certificate in early January, 3.50% APY just wasn’t that impressive for a variety of reasons. 1) At the time, the top rate for a nationally available 5-year CD was 3.69% APY, 2) there were three locally available 5-year CDs with rates of at least 4.00%...

Massachusetts-based Taunton Federal Credit Union (TFCU) has raised the rate on its 11-month Term Share Certificate to 3.11% APY. The minimum opening deposit is $250, with no stated balance cap.

The 11-month Certificate is also being offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

The 61 bps added this week makes the 11-month the most competitive certificate in TFCU’s...

Connexus Credit Union (Connexus) raised the rates on its Share Certificates (SC) yesterday, making its 60-month SC (3.40% APY) the rate leader for nationally available 5-year CDs. The other new competitive rate belongs to the 36-month SC, which now earns 3.10% APY. The minimum opening deposit for any Share Certificate is $5k, with no stated balance cap.

Connexus Share Certificates are offered as IRAs (Traditional and Roth), earning...

For a limited time, Colonial Federal Savings Bank (Colonial Federal) has special rates on three of its CDs: 4-year (3.25% APY), 27-month (3.00% APY), and 17-month (2.75% APY). Following my “Special Rate Rule of Three,” Colonial Federal is offering one very competitive rate, one good rate, and one not-so-special rate. In this case, the 4-year CD has the very competitive rate....