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

Mountain America Credit Union Lowering Rates Tomorrow
Deal Summary: Some Term Deposit rates will be lowered on March 22, 2019.

Availability: Easy membership requirement

I was notified this morning that Mountain America Credit Union (MACU) will be lowering the rates on some of its Term Deposits (MACU’s version of CDs) tomorrow. The Term Deposits affected by the rate changes are:

Lowered APYCurrent APYTerm Deposit Length
2.75% APY3.25% APY24-Month Term (Regular, IRA, Roth, Plus)
3.00% APY3.51% APY24-Month Term (Youth)
2.80% APY3.00% APY30-Month Term (Regular, IRA, Roth, Plus)
2.90% APY3.51% APY30-Month Term (Youth)
2.90% APY3.35% APY36-Month Term (Regular, IRA, Roth, Plus)
3.15%...
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USF Federal Credit Union Offers 18-Month CD Special, 3.10% APY
Deal Summary: 19-month CD Special, 3.10% APY, $1k minimum deposit, new money, available through March 31, 2019.

Availability: Easy membership requirement.

Now through March 31, 2019, USF Federal Credit Union (USF FCU) is offering a 19-month CD Special, which earns 3.10% APY. The minimum deposit is $1k of new money, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty (EWP) for the 2-year CD applies to the 19-month CD Special, with partial withdrawals allowed. As stated in the Truth-in-Savings disclosure (part of the online application),...

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EFCU Financial 48-Month CD Earns Up To 3.50% APY
Deal Summary: 48-month CD – 3.40% APY ($500) and 3.50% ($100k). 48-month IRA – 3.50% APY ($500) and 3.60% ($100k).

Availability: Residents of nine Louisiana parishes (Baton Rouge area).

The original intent for this EFCU Financial (EFCU) blog post was to highlight the 48-month CD, which earns 3.40% APY ($500 min) or 3.50% APY ($100k min). All of EFCU’s CDs offer tiered APYs, with Jumbo CDs ($100k min) earning an extra 10 bps.

When I took a closer look at EFCU’s rate sheet, I...

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Colorado Federal Savings Bank Boosts 12-Month CD Rate (2.86% APY)
Deal Summary: 12-month CD (2.86% APY), $5k minimum deposit

Availability: Nationwide (internet bank)

Colorado Federal Savings Bank (CFSB) added 35 bps to its 12-month CD (2.86% APY) yesterday. This latest rate increase puts the 12-month just shy of being the top-rated nationally available 1-year CD (minimum deposits of $10k or less). The 12-month CD can be opened with a $5k minimum deposit, with no stated balance cap.

A total of 116 bps have been added to the 12-month CD in the past year in five rate...

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Royal Credit Union (MN/WI) Ups 18-Month CD To 3.04% APY
Deal Summary: 18-month CD, 3.04% APY, $100 no minimum deposit.

Availability: Residents of 16 Minnesota and 26 Wisconsin counties. (Additional ways to join listed in the Availability section below.)

Now through April 30, 2019, Wisconsin-based Royal Credit Union (Royal) is offering 3.04% APY on its 18-month CD. There is no minimum deposit requirement, but the CD is capped at $250k.

The limited-time 3.04% APY is also offered on the 18-month IRA (Traditional and Roth), but the minimum deposit is $1k.

The 18-month CD currently has the highest APY of...

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America First Credit Union's 12-Month CD Now Earns 3.00% APY
Deal Summary: Regular Certificates – 12-23 month (3.00% APY), 24-29 month (3.25% APY), and 36-47 month (3.35% APY), $500 minimum deposit.

Availability: Residents of portions of eleven Utah, eleven Nevada (Las Vegas), 16 Idaho, two Arizona (Phoenix), and one Oregon counties.

In February, Utah-based America First Credit Union (America First CU) doubled the rate on its 6-11 month Certificates (Regular, Dedicated Savings, Ladder, and IRA) to 3.00% APY and also raised the rates on its 48-59 and 60-month Certificates. Those rates are still in effect today.

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Apple Federal Credit Union Adds Pi Day 314-Day CD, 3.14% APY
Deal Summary: Pi Day Certificate (314 days), 3.14% APY, new money, $500 min/$31.4k max deposit per individual, available March 14-16.

Availability: Easy membership requirement for residents of Maryland, Virginia, and Washington, D.C.

Today is National Pi Day!

The day we all celebrate the irrational number, 3.141592653589793238462643383279502884 ... ad infinitum.

To mark the occasion, Apple Federal Credit Union (Apple FCU) is offering a Pi Day Certificate (314 days) earning an appropriate 3.14% APY.

The minimum opening deposit is $500 of new money, with a maximum deposit per...

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TDECU Promotes 36-Month Rising Rate CD, 3.56% Blended APY
Deal Summary: 36-month Rising Rate Certificate, 3.56% blended APY, $1k minimum deposit

Availability: Residents of 30 Texas counties; employees/retirees/members of 120+ SEGs.

TDECU recently added a 36-month Rising Rate CD, which earns a blended 3.56% APY. The minimum opening deposit is $1k, though the “kids and teen accounts” can be opened with as little as $100.

According to the promotion page, the “Rate automatically increases on the one year and two year anniversary of the CD.” The fixed APYs are:

  • 3.04% APY – Year 1
  • 3.56% APY...
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Wasatch Peaks Credit Union Pushes 12-Month CD To 3.00% APY
Deal Summary: Certificates – 6-month (3.00% APY), 12-month (3.00% APY), 18-month (3.00% APY), 24-month (3.25% APY), 36-month (3.35% APY), and 48-month (3.40% APY), $500 minimum deposit.

Availability: Residents of Davis, Morgan, and Weber Counties, Utah.

At the beginning of the week, Wasatch Peaks Credit Union (Wasatch Peaks CU) increased the rates on the vast majority of its Certificates to very competitive levels. The minimum opening deposit for any of these Certificates is $500, with no stated balance caps.

The Certificates are also available as IRAs (Traditional and Roth),...

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Dort Federal Credit Union Has 25-Month CD Special, 4.00% APY
Deal Summary: 25-month Certificate Special, 4.00% APY, $50k minimum deposit.

Availability: Residents of Michigan counties of Genesee, Lapeer, or Shiawassee, or Deerfield and Tyrone Townships in Livingston County.

For a limited time, Dort Federal Credit Union (Dort FCU) is promoting a 25-month Certificate Special, which earns 4.00% APY. The minimum opening deposit is $50k, with no stated balance cap. While Dort FCU offers an additional 15 bps on its Jumbo Certificates (minimum $100k), the 25-month Certificate Special is excluded from that rate increase.

The 25-month Certificate...

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