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.
Availability: Residents of portions of Nassau and Suffolk Counties, New York.
Last week, NEFCU (formerly known as the Nassau Educators Federal Credit Union) raised the rate on its 5-year Certificate (2.35% APY). The Certificate requires a minimum deposit of $1k, with no stated balance cap.
In the past five years, there have been nine rates changes, with this most recent increase resulting in the highest APY in more than five years.
Deal Summary: 3-Year Popular Direct CD, 1.90% APY, $10k minimum
Availability: Nationwide, internet bank
It’s been almost nine months since Banco Popular North America introduced its newest internet division, Popular Direct. At the end of last week, Popular Direct raised the rates on its long-term CDs, with the 3-year Popular Direct CD being the most competitive. The minimum opening deposit for any Popular Direct CD is $10k, with no stated balance cap.
Since August 2016, there have been four rate increases for the 3-year CD,...
Deal Summary: 5-year Jumbo Term Share Certificate (2.42% APY, $100k) and 5-year Term Share Certificate (2.27% APY, $500), available through April 18, 2017.
Availability: Residents of Hartford County, Connecticut.
Now through April 18, 2017 (this year's tax filing deadline), Windsor Locks Federal Credit Union (WLFCU) is offering special rates on its 5-year Jumbo Term Share Certificate (2.42% APY, $100k) and 5-year Term Share Certificate (2.27% APY, $500).
The 5-year Certificates are also available as IRAs (Traditional, Roth, and CESA), earning the same APYs with the same funding requirements.
Deal Summary: 36-month E-Certificate of Deposit, 2.00% APY; 30-month E-Certificate of Deposit, 1.85% APY; $500 minimum deposit.
Availability: Nationwide (internet division)
Earlier this month, I wrote about First Central Direct, the new online division of First Central Savings Bank, and its competitive online money market account. First Central Direct has just raised the rates on its online 36-month E-Certificate of Deposit (2.00% APY) and 30-month E-Certificate of Deposit (1.85% APY). The minimum deposit is $500, with no stated balance cap.
According to CSR, the Early Withdrawal Penalty for any...
Deal Summary: 1-year CD, 1.30% APY (increase of 25 bps); Also, rate increases on 5-year CD, 2-year Raise Your Rate CD and 4-year Raise Your Rate CD.
Availability: Internet Bank
Ally Bank increased the rate of its 1-year CD by 25 basis points. The new rate is now 1.30% APY for all balances. In addition, Ally increased the rates by 10 basis points of its two Raise Your Rate (RYR) CDs. The 2-year RYR CD has a 1.40% APY, and the 4-year RYR CD has a 1.50% APY. The...
Availability: Market area includes Cedar Rapids and Des Moines, Iowa area and the greater Phoenix, Arizona area.
Iowa-based Bankers Trust Company has brought the Pick-A-Term CD back, and the current version is the 9-21 Month Pick-A-Term CD (1.50% base APY). There are four different levels of Bonus Interest Rates, based on Relationship Packages: Bronze Tier 0.02% APY, Silver Tier 0.05% APY, Gold Tier 0.07% APY, and Platinum Tier...
Deal Summary: High Interest Checking, 2.25% APY up to $15k, available on April 1, 2017.
Availability: Residents of Quad City area (Iowa/Illinois).
On April 1, Vibrant Credit Union (Vibrant CU) will be debuting five new checking accounts, including its High Interest Checking account, which earns 2.25% APY on qualifying balances up to $15k. Qualifying balances above $15k earn 0.01% APY, with non-qualifying balances not earning any interest.
Deal Summary: 11-month CD Special, 1.50% APY; 31-month CD Special, 2.00% APY; $500 min/$50k max of new money.
Availability: Residents of the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington; 80+ Partner Companies.
SharePoint Credit Union (SharePoint CU) is offering “Sweet Financial Savings” with two new CD Specials: 11-month (1.50% APY) and 31-month (2.00% APY). The minimum deposit is $500, with a balance cap of $50k; both CD Specials require new money.
Both CD Specials are available as IRAs (Traditional, Roth....