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.

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Bank Deals Blog: CD Deals

Bank of Utica (NY) Statement Savings Earns Competitive Rate
Deal Summary: Statement Savings Account, 0.60% APY on balances between $250 and $2 million.

Availability: Market area includes Herkimer, Madison, and Oneida Counties, New York.

Bank of Utica’s Statement Savings Account currently earns a competitive 0.60% APY on balances between $250 and $2 million. According to the Personal Rates page, if the available average balance is greater than $2 million, a 0.25% APY applies to the portion above $2 million. The minimum opening deposit is $100, but balances less than $250 do not earn any interest.

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Ohio State Bank Adds Limited-Time 18-Month CD Special
Deal Summary: 18-month CD Special, 1.00% APY, $500 minimum deposit.

Availability: Greater Columbus (Ohio) metropolitan area.

Last week, Ohio State Bank added an 18-month CD Special earning 1.00% APY. This limited-time special requires a minimum $500 opening deposit, with no stated balance cap. While the banner for the CD Special on the Bank’s homepage clearly states the limited-time availability, no specific end-date is mentioned. CSR stated that availability is dependent on how quickly the Bank meets its deposit goal. In other words, it will be available...

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Advancial Boosts Long-Term Jumbo Certificate Rates
Deal Summary: Jumbo Certificates, $50k minimum deposit – 3-year (1.45% APY), 4-year (1.64% APY), and 5-year (1.89% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs; possible easy membership. (See “Availability” section below.)

Texas-based Advancial recently raised the rates on most of its Jumbo Certificates, with the long-terms having the largest increases: 3-year (8 bps), 4-year (10 bps), and 5-year (13 bps). The rate increases for the short-terms Jumbo Certificates ranged from 1-3 bps.

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GreenState Credit Union Adds 15- and 25-month CD Specials
Deal Summary: CD Specials – 15-month, 0.90% APY ($100k), 0.80% APY ($1k); 25-month, 1.00% APY ($100k), 0.90% APY ($1k).

Availability: Iowa and counties in Illinois, Nebraska, South Dakota, and Wisconsin that border on Iowa.

In the past seven years, I’ve written more than 25 blog posts about the limited-time CD Specials offered by Iowa-based GreenState Credit Union (GreenState). The CD Specials are usually available for at least a month before being removed from the product line. The current Specials are a 15-month CD (0.90% APY, $100k; 0.80%...

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Verdian Credit Union Adds 18-Month Jumbo CD Special
Deal Summary: 18-month Jumbo CD Special, 0.90% APY, $100k minimum deposit

Availability: Easy membership requirement through Dwolla; residents of all 99 Iowa counties and six southeast Nebraska counties.

Iowa-based Veridian Credit Union (Veridian) has added an 18-month Jumbo CD Special, (0.90% APY), which will be a “New to Summary” CD in the up-coming CD Rates Summary. (FYI – because of the Labor Day holiday, this week’s Summary will be published on Wednesday.) The minimum opening deposit is $100k, with no stated balance cap. The 18-month CD Special...

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First Tech Federal Credit Union Ups 36-Month Bump Up Jumbo CD Rate
Deal Summary: 36-month Jumbo Bump Up CD, 0.90% APY, $50k minimum deposit; 36-month Bump Up CD, 0.85% APY, $500 minimum deposit; one rate increase within each 12 months of the term; one additional deposit within each 12 months of the term.

Availability: Easy Membership Requirement

As I was checking out the recent CD rate increases at First Technology Federal Credit Union (First Tech), I was surprised to see it’s been almost five years since I last wrote about the California-based credit union. First Tech’s last claim to fame...

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Vibrant Credit Union Continues To Offer 5-Year Add-On CD
Deal Summary: 5-year Add-On CD, 0.80% APY, unlimited additional deposits ($5 minimum) throughout the term, $5 minimum deposit.

Availability: Easy membership requirement

Illinois-based Vibrant Credit Union (Vibrant) unveiled its 5-year Add-On CD almost three years ago. Currently earning 0.80% 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 follows:

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First Federal Credit Union (IA) Has Three New CD Specials
Deal Summary: CD Specials – 8-month, 0.60% APY; 18-month, 0.80% APY; 60-month, 1.05% APY; $10k minimum deposit.

Availability: Residents of the Iowa counties of Buena Vista, Clay, Dickinson, and Linn.

For more than six years, First Federal Credit Union (First Federal) CD product line has consisted of a series of limited-time CD Specials, usually three or four offered at one time. The latest offerings include an 8-month (0.60% APY), 18-month (0.80% APY), and 60-month (1.05% APY). Any of the CD Specials can be opened with a minimum $10k...

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Mountain America Credit Union's Competitive Growth (Add-On) CDs
Deal Summary: Growth CDs (terms between 6-60 months), $5 min/$100k max, additional deposits allowed throughout the term, minimum $10 automatic monthly deposit.

Availability: Easy membership requirement.

Five years ago, Utah-based Mountain America Credit Union (MACU) unveiled its Term Deposit Plus accounts, a slightly ambiguous name for an add-on CD. About two years ago, MACU changed the names of several of its products “to better align with industry standards,” with the Term Deposit Plus accounts becoming known as Growth CDs.

Those who opened these Growth CDs before 2020 are...

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ACFCU (TX) Has Two Competitive Short-Term CDs
Deal Summary: 6-month Certificate (0.70% APY), 12-month Certificate (0.70% APY), $1k minimum deposit

Availability: Three Texas Panhandle counties

In early May, ACFCU began offering 0.70% APY on all its Certificates. This change to a “uni-rate” involved rate increases (between 10-45 bps) for the majority of the Certificates, except the 60-month, which lost 10 bps. Of the five Certificates in the product line, the 6-month and 12-month Certificates are the most competitive. The minimum opening deposit is $1k, with no stated balance cap.

The Certificates are also offered...

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