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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

Update on PSECU’s Very Competitive Special CD Rates
UPDATE 11/18/19: Even though the special CD rates ended on Nov. 9th, PSECU members who call by 11/30/19 may be given these prior special CD rates. This may not apply to all members. Please refer to the comment thread that starts at comment #138 for details.

UPDATE 11/11/19: The special CD rates ended on Nov. 9th. Lower rates are now in effect for the 2-year, 3-year and 5-year terms.

The following was originally posted on 11/5/19.

I don’t have anything new to report on PSECU, but I thought a quick mention...

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Alta Vista Credit Union (CA) 60-Month CD Earns 3.00% APY
Deal Summary: 60-month Share Certificate, 3.00% APY, $1k minimum deposit.

Availability: Residents of Riverside and San Bernardino Counties, California.

Alta Vista Credit Union’s (Alta Vista) 60-month Share Certificate has been earning 3.00% since the beginning of the year. (CSR stated he hadn’t heard of any upcoming rate drops for the 60-month Share Certificate.) The minimum opening deposit is $1k, with no stated balance cap.

The 60-month Share Certificate is also offered as an IRA (Traditional or Roth), earning the same APY, but...

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Nymeo Federal Credit Union (MD) 13-Month CD Special Earns 2.40% APY
Deal Summary: 13-month Share Certificate Special, 2.40% APY, $5k min/$500k deposit, new money, checking relationship. 18-23 month Add-On Share Certificate, 2.00% APY, $500 minimum deposit, unlimited deposits throughout term.

Availability: Residents of Frederick and Montgomery Counties, Maryland

In September, Nymeo introduced a 13-month Share Certificate Special (SCS) earning 2.40% APY. At the time, 2.40% APY wasn’t very impressive; two months later, it’s the top rate for 1-year CDs offered by Maryland banks and credit unions. The 13-month SCS can be opened with a minimum of...

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TAB Bank's 12-Month CD Earns 2.25% APY
Availability: 12-month CD, 2.25 APY, $1k minimum deposit.

Availability: Nationwide through online application.

Although TAB Bank’s 12-month CD APY dropped by 44 bps in three rate decreases in the past year, its current 2.25% APY is quite competitive. In fact, it's now the highest rate that's available from an online bank. The minimum opening deposit is $1k, with no stated balance cap.

As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 12 months or less:...

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Amplify Credit Union (TX) Adds 15-Month CD, 3.00% APY ($10k Max)
Deal Summary: 15-month CD Special, 3.00% APY, $500 min/$10k max deposit, blended APYs on deposits greater than $10k, limited-time special, limit of one per member.

Availability: Easy membership requirement for residents of Texas; residents of Bastrop, Caldwell, Hays, Travis, or Williamson Counties, Texas.

Amplify Credit Union (Amplify) recently sent an email to its members announcing “an early holiday gift” – a 15-month CD Special that earns 3.00% APY on deposits between $500 and $10k. There is a limit of one CD Special per...

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Andrews Federal Credit Union 84-Month CD (3.05% APY) Is A Rate Leader
Deal Summary: 84-month Share Certificate Special, 3.05% APY, $1k min/$250k max deposit, limit of one certificate per member.

Availability: Easy membership requirement

The 84-month Share Certificate Special (SCS) offered by Andrews Federal Credit Union (Andrews Federal) is nearing its one-year anniversary. Although its rate dropped in August from its initial 3.45% APY to 3.05% APY, the 84-month SCS is still a rate leader and is one of the few nationally available 3%+ CDs. The minimum opening deposit is $1k, with a balance cap of $250k. There’s...

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Diversified Members Credit Union Offers 3% APY On 60-Month CD
Deal Summary: 13-month CD Special (2.50% APY), $200 min deposit, new money. 36-month CD (2.80% APY) and 60-month CD (3.00% APY), $200 min deposit.

Availability: Michigan residents

One of the “New To Summary” CDs included in last week’s CD Rates Summary was Diversified Members Credit Union’s (DMCU) 13-month CD Special (2.50% APY). The minimum opening deposit is $200 of new money, with no stated balance cap. The 13-month is also available as an IRA (Traditional and Roth), earning the same 2.50% APY with the same...

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California Credit Union Adds 5-Month CD, 5.00% APY ($25k Max)
Deal Summary: 5-month Share Certificate Special, 5.00% APY, $1k min/$25k max deposit, new money.

Availability: Residents of three Southern California counties; possible easy membership requirement for California residents.

DA readers may remember the 5-month CD Special (5.00% APY) offered by Credit Union of South California in October. While that offer has expired, California Credit Union (California CU) has taken up the mantle by offering a 5-month Share Certificate Special (5.00% APY). The minimum opening deposit is $1k, with a $25k balance cap. New money is required...

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TotalDirectBank CDs Are Rate Leaders - 24-Month, 2.60% APY
Deal Summary: CDs – 12-month (2.36% APY), 24-month (2.60% APY), 36-month (2.60% APY), $25k minimum.

Availability: Nationwide, with the exception of California and Florida.

In September, I wrote about the new Direct Money Market Deposit Account (DMMDA) offered by Florida-based TotalDirectBank (TDB). The 2.35% APY on balances between $5k and $500k is still in effect. For more detail about the DMMDA, please refer the September 26 blog post.

In September, TotalDirectBank’s CD rates were fairly competitive, but in the past seven weeks as many other rates dipped, the...

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Security Credit Union (MI) Adds 29-Month CD, 2.75% APY
Deal Summary: Rainy Day Share Certificate Specials – 29-month (2.75% APY), 17-month (2.55% APY), 5-month (1.90% APY), $1k minimum deposit, new money.

Availability: Michigan residents

Security Credit Union (Security CU) has added three Rainy Day Share Certificates: 29-month (2.75% APY), 17-month (2.55% APY), and 5-month (1.90% APY). These limited-time offerings require a minimum $1k of new money, which is defined as funds not currently on deposit with Security CU. While there is no specific end-date mentioned, “this offer can end at any time without notice.”

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