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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.


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Bank Deals Blog: CD Deals

FORUM Credit Union's 18-Month CD Earns 3.00% APY
Deal Summary: 18-month CD, 3.00% APY, $500 minimum deposit

Availability: Residents of most of Indiana

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...

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Centra Credit Union (IN) Offers 10-Month CD, 3.25% APY Next Week
Deal Summary: 10-month One-Day Share Certificate, 3.25% APY, $5k min/$100k max deposit

Availability: Residents of 61 Indiana and seven Kentucky counties

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...

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WebBank's High-Yield Savings Glides Into 2.50% APY
Deal Summary: High-Yield Savings Account, 2.50% APY, $1k minimum deposit and balance

Availability: Nationwide (internet bank)

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...

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UNICO Bank (MO/AR) 60-Month CD Earns 3.45% APY
Availability: CDs – 60-month (3.45% APY), 48-month (3.30% APY), and 36-month (3.14% APY), $1k minimum deposit.

Availability: Market area includes three southeast Missouri counties and three northeast Arkansas counties.

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...

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American United Federal Credit Union 5-Year CD Earns Up To 3.75% APY
Deal Summary: 60-month Share Certificate, 3.50% APY base, $500 minimum deposit; one-time Bump Option or up-front additional 0.10% rate increase; 0.15% rate increase for deposits of $75k+.

Availability: Residents of Salt Lake and Tooele Counties, Utah.

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...

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Partners Financial Has Limited-Time 9-Month CD Special, 3.00% APY
Deal Summary: 9-month Share Certificate Special, 3.00% APY, $10k min, ends May 31, 2019.

Availability: Residents of Chesterfield, Hanover, or Henrico Counties, or the City of Richmond, Virginia.

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...

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Pioneer Valley Credit Union 60-Month CD Earns 3.50% APY
Deal Summary: 60-month Share Certificate – 3.50% APY, $25k minimum; 3.25% APY, $1k minimum.

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.

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%...

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Taunton Federal Credit Union (MA/RI) Hikes 11-Month CD To 3.11% APY
Deal Summary: 11-month Term Share Certificate, 3.11% APY, $250 minimum deposit.

Availability: Residents of Bristol County, Massachusetts and most of Rhode Island.

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...

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Connexus Credit Union Ups 60-Month CD Rate to 3.40% APY
Deal Summary: Share Certificates – 60-month (3.40% APY), 36-month (3.10% APY), $5k minimum deposit

Availability: Easy membership requirement

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...

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Colonial Federal Savings Bank (MA) Ups 4-Year CD To 3.25% APY
Deal Summary: CDs – 4-year (3.25% APY), 27-month (3.00% APY), 17-month (2.75% APY), $1k minimum deposit.

Availability: Market area is primarily Norfolk County, Massachusetts.

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....

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