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

Popular Direct's 18-Month CD Breaks The 2.00% APY Barrier
Deal Summary: 18-month Popular Direct CD, 2.00% APY, $10k minimum

Availability: Nationwide (internet bank)

For the past twelve months, Popular Direct has been quite busy keeping its Popular Direct CDs competitive. The Bank’s rising rates have resulted in six separate blog posts from me, and as many Forum posts by DA readers. The subject of my seventh blog post is the18-month Popular Direct CD, which now earns 2.00% APY. The minimum deposit is $10k, with no stated balance cap.

As stated on the CD Disclosure...

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The MINT National Bank (TX) Ups 13-Month Promo CD (1.90% APY)
Deal Summary: 13-month Promotional CD (1.90% APY), $1k minimum deposit

Availability: Market area is the greater Houston metropolitan area.

The MINT National Bank (The MINT) is currently offering 1.90% APY on its 13-month Promotional CD. A $1k minimum deposit is required to open; there is no stated balance cap.

The 13-month Promotional CD was added to the product line in late September, with an initial APY of 1.35%. Last week’s 55 bps increase was the CD’s first rate change.

According to CSR, the Early...

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BankPurely Adds 24-Month CD (2.10% APY)
Deal Summary: 24-month PurelyCD, 2.10% APY, $1k minimum deposit

Availability: Nationwide (internet bank)

BankPurely, an internet division of Flushing Bank (New York), has added a 24-month PurelyCD (2.10% APY). The minimum deposit is $1k, with no stated balance cap. According to the fine print on BankPurely’s home page, PurelyCDs are available for “new accounts and new money only.”

BankPurely is Flushing Bank’s second internet bank and was launched in May. (While DA readers may not be that familiar with Flushing Bank, its first internet bank, iGObanking, is well...

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Bayer Heritage FCU's 12-23 Months CD Now Earning 1.77% APY
Deal Summary: 12-23 months Share Certificate (1.77% APY), minimum $500 deposit

Availability: Employees of Bayer Corporation; Residents of Marshall, Tyler, and Wetzel Counties, West Virginia; Belmont, Licking, Monroe, and Muskingum Counties, Ohio; and Berkeley and Charleston Counties, South Carolina.

Over the weekend, Bayer Heritage Federal Credit Union (Bayer Heritage) significantly raised the rate on its 12-23 months Share Certificate by 51 bps. The new 1.77% APY is the highest rate for the Share Certificate since DA began tracking Bayer Heritage in 2010. The minimum deposit is $500,...

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Teachers FCU (NY) Hikes 30-Month CD To 2.35% APY
Deal Summary: 30-month CD, 2.35% APY, $1k minimum deposit.

Availability: Residents of Long Island’s Nassau County and portions of Suffolk County.

Earlier this year, Teachers Federal Credit Union (TFCU) celebrated of its 65th anniversary with a 15-month CD Special (1.75% APY). While that Special has expired, TFCU has raised the rate on its 30-month CD to 2.35% APY. This limited-time offer requires a $1k minimum deposit, with no stated balance cap.

In the last eight months, there have been six rate increases for the 30-month CD,...

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IH Mississippi Valley Credit Union (IA/IL) Hikes CD Specials Rates
Deal Summary: CD Specials - 15-month (1.81% APY), 39-month (2.22% APY), $500 minimum deposit

Availability: Residents of 25 northwest Illinois counties and 17 east Iowa counties.

IH Mississippi Valley Credit Union (IHMVCU) ended the week by raising the rates on its 15-month CD Special (1.81% APY) and 39-month CD Special (2.22% APY). The minimum opening deposit is $500, with no stated balance cap.

The 15-month CD Special has been part of the product line for eight years, with an APY of only 0.25% since July 2011. This week’s...

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Wright-Patt Credit Union (OH) Raises CD Rates, Again
Deal Summary: Share Certificates – 6-11 month, 1.67% APY ($100k), 1.57% APY ($500); 12-17 month, 1.93% APY ($100k), 1.83% APY ($500); 18-23 month, 2.04% APY ($100k), 1.94% APY ($500).

Availability: Residents of 19 central Ohio counties; 1,200+ SEGs; military relationship.

Wright-Patt Credit Union’s (WPCU) 15-month Share Certificate Exclusive is no longer available, but the Credit Union has just raised the rates on all its Share Certificates. Of the newly increased rates, the 6-11, 12-17, and 18-23 month Share Certificates have the most competitive rates.

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Ally Bank Increases 11-Month No Penalty CD Rates

Deal Summary: 11-Month No Penalty CD: 1.60% APY, $25k minimum (increase of 10 bps).

Availability: Nationwide

For the second time this week, Ally Bank raised the rates on some of its CDs. Today it increased the rates of its 11-month No Penalty CD and its 18-month CD. The 11-month No Penalty CD rate hike is the most noteworthy. All three rate tiers went up. Below is the summary of the new rates and how these rates have changed:

11-Month No Penalty CD

  • 1.60% APY, $25k min (was 1.50%)
  • 1.35% APY,...
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National Bank of NYC Raises 36-41 month CD (2.20% APY)
Deal Summary: 36-41 month CD (2.20% APY), 18-23 month CD (1.80% APY), $2.5k minimum deposit.

Availability: Market area includes the Boroughs of New York City, Long Island, and Westchester.

Earlier this week, National Bank of New York City (NBNYC) raised the rates on its longer term CDs, with the 36-41 month CD (2.20% APY) being the most competitive. The minimum deposit is $2.5k, with no stated balance cap.

In the past 18 months, the 36-41 month CD has had nine rate increases, adding a total...

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CapEd FCU Hikes Rates On Promotional Share Certificates
Deal Summary: Promotional Rate Share Certificates – 12-months (1.70% APY), 24-months (1.90% APY), 60-months (2.40% APY), $500 minimum deposit, new money.

Availability: Easy membership requirement

CapEd Federal Credit Union (CapEd) added a series of Promotional Rate Share Certificates (PRSC) more than three years ago, which have offered competitive APYs on a limited-time basis. At the beginning of the week, CapEd raised the rates on all three PRSC to all-time highs: 12-months (1.70% APY), 24-months (1.90% APY), and 60-months (2.40% APY).

While CapEd’s regular Share Certificates have...

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