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.
USALLIANCE Financial (USALLIANCE) has added two limited-time Certificate Specials to its product line just in time for Cyber Monday. As DA reader, zz, pointed out in a Forum post, the new 18-month Certificate Special earns 1.15% APY, with the 36-month Certificate Special earning 1.25% APY. Like all USALLIANCE Certificates, the Certificate Specials require a $500 minimum opening deposit, with no stated balance cap.
POSTED ON THURSDAY, NOVEMBER 26, 2020 BY KEN TUMIN
Deal Summary: Black Friday 6-month Certificate, 2.70% APY or 5.38% APY (with active iSAVE savings account), $500 min/$2,020 max deposit, new money, only available November 27, 2020.
Availability: Residents of Delaware County, Pennsylvania.
Thanks to the DA reader who informed me about this Black Friday CD special available at BHCU (formerly Boeing Helicopters Credit Union). CD specials have been rare this year, so it’s nice to see this Black Friday CD special even though it isn’t widely available and there is a small maximum deposit.
POSTED ON SATURDAY, NOVEMBER 21, 2020 BY KEN TUMIN
Deal Summary: 12-month Save to Win CD, 1.00% APY, $25 minimum deposit, additional deposits allowed throughout the term. Limit of one Save to Win CD per member.
Availability: Michigan residents
The 12-month Save to Win CD (1.00% APY) offered by Diversified Members Credit Union (DMCU) is an add-on CD, which allows unlimited deposits (in any amount) throughout the term. The minimum opening deposit is $25, with no stated balance cap. There is a limit of one Save to Win CD per member
Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.
About two months ago, TEXAR Federal Credit Union (TEXAR) restructured its Share Certificate by offering the same 1.21% APY on all Share Certificates. Earlier this week, TEXAR raised the “uni-rate” to 1.25% APY. The minimum opening deposit is $1k, with each individual member limited to a maximum...
POSTED ON THURSDAY, NOVEMBER 19, 2020 BY KEN TUMIN
Deal Summary: 12-month Jumbo Certificate Special, 1.11% APY, $100k min deposit. 12-month Certificate Special, 1.01% APY, $1k min deposit.
Availability: Residents of 16 northeast Iowa counties, four northwest Illinois counties, and one southwest Wisconsin county.
One of the “New to Summary” CDs in this week’s CD Rates Summary is DuTrac Community Credit Union’s (DuTrac CCU) 12-month Jumbo Certificate Special, which currently earns 1.11% APY. The minimum opening deposit is $100k, with no stated balance cap. DuTrac also has a 12-month Certificate Special (1.01% APY) that only requires...
Availability: Easy membership requirement (more details in the Availability section below); residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.
DA reader, ichaelm, has been diligent over the past few months with Forum posts about CD rates offered by Advancial. Because of uncertainty about the field of...
Availability: Residents of twelve Indiana counties.
Via Credit Union’s (Via CU) 60-71 month CD (1.51% APY) is unique, in that it straddles two term-lengths (5- and 6-year) with an APY that is competitive in both term-lengths. The minimum deposit is $500, with no stated balance cap.
The CD is also offered as an IRA CD (Traditional and Roth) and an HSA, earning a higher 1.76% APY with the same $500 minimum deposit requirement.
Availability: Market area includes 11 Louisiana parishes and five Texas counties.
In late September, Louisiana-based First Guaranty Bank raised the rates on its very long-term CDs. The addition of 40 bps resulted in the 5-, 6,- 7-, and 8-year CDs all earning 1.50% APY. Any of these CDs can be opened with a $500 minimum deposit and there is no stated balance cap.
The CDs are also available as IRA CDs (Traditional,...
Deal Summary: 5-year CD, 1.00% APY, $2.5k min/$250k max deposit per account.
Availability: Nationwide (internet bank)
North Carolina-based Live Oak Bank did something yesterday that we haven’t seen in a while: a substantial rate increase on its 5-year CD. The addition of 40 bps has boosted the APY to 1.00%. The minimum opening deposit is $2.5k, with a $250k balance cap.
The Truth-in-Savings disclosure details the Early Withdrawal Penalty (EWP).
This mild EWP makes the 1.00% APY more palatable. If the 5-year CD is closed after...