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: Checking & Reward Checking Deals

Kearny Bank (NJ/NY) Boosts High Yield Checking To 2.53% APY
Deal Summary: High Yield Checking, 2.53% APY on qualifying balances up to $25k.

Availability: Market area includes nine northern New Jersey counties and the New York Boroughs of Brooklyn and Staten Island.

At the beginning of the week, Kearny Bank raised the rate on its High Yield Checking (HYC) to 2.53% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

I wrote about the HYC two years ago, when the APY was increased to 2.01%....

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MemoryBank's EarnMore Checking Now Earns Ongoing 1.50% APY
Deal Summary: EarnMore Account (checking), 1.50% APY on balances up to $250k.

Availability: Nationwide

At the beginning of the year, I wrote about MemoryBank, Republic Bank & Trust Company’s (Republic Bank) new internet division. MemoryBank initially only offered a single product, the EarnMore Account, which is a high-yield rewards checking account (RCA). When the EarnMore Account was first introduced, its APY was 1.50% on qualifying balances up to $250k, but that rate included a 0.50% APY bonus for the first year. According to a recent email...

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First Financial Bank (AR/MS) Boosts Kasasa Cash To 4.08% APY
Deal Summary: Kasasa Cash, 4.08% APY on qualifying balances up to $15k.

Availability: Arkansas and Mississippi

Yesterday, First Financial Bank (FFB) raised the rate on its Kasasa Cash to 4.08% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

I first wrote about FFB’s Kasasa Cash account nearly four years ago. At that time, the newly added Kasasa Cash account earned 3.00% APY on qualifying balances up to $15k and was available nationwide. The...

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Citizens State Bank (TX) Brings Back MyCash Checking
Deal Summary: MyCash Checking, 2.50% APY on qualifying balances up to $20k.

Availability: Market area includes Henderson, Kaufman, and Smith Counties, Texas.

It’s no secret that banks and credit unions frequently add new products, eliminate old ones, and even change the name of an existing account. That’s what has happened with Citizens State Bank’s (CSB) rewards checking account. In September 2014, DA member cumulus noted that CSB’s MyCash Checking account earned 5.00% APY, with a $10k cap. Sometime after cumulus’ Forum post, the account name...

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Department of Commerce FCU Adds New Performance Checking
Deal Summary: Performance Checking, 2.73% APY on qualifying balances up to $20k.

Availability: Individuals who live, work, attend school, or worship in the District of Columbia; employees of the Department of Commerce or NOAA.

Department of Commerce Federal Credit Union’s (DOCFCU) new rewards checking account, Performance Checking, earns 2.73% APY on qualifying balances up to $20k. Qualifying balances over $20k and non-qualifying balances do not earn any interest.

Qualifying Requirements

  • Have at least 12 debit card purchases totaling a minimum of $100
  • Receive eStatements
  • Have at least one direct...
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Signature FCU's Nationwide Choice Checking Earns 3.00% APY, $15k Max
Deal Summary: Choice Checking, 3.00% APY on qualifying balances up to $15k.

Availability: Easy membership requirement

Signature Federal Credit Union’s (Signature FCU) Choice Checking account has been earning 3.00% APY on qualifying balances up to $15k, since it was introduced in April 2015. Qualifying balances of $15k+ earn 0.10% APY, as do all non-qualifying balances.

Qualifying Requirements

  • Direct Deposit(s) totaling at least $1k each month
  • Enroll and receive e-statements
  • At least 10 debit card purchases each month

The Choice Checking account has no minimum balance requirement or opening deposit requirement,...

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Harleysville Bank (PA) Boosts 24-Month CD Rate
Deal Summary: 24-month CD, 2.01% APY, $500 minimum deposit.

Availability: Market area is Southeastern Pennsylvania.

Earlier this month, Harleysville Bank raised the rate on its 24-month CD (2.01% APY). The minimum opening deposit is $500, with no stated balance cap. The 165 bps increase is the first increase since the 24-month CD was added in December 2011; for more than four years, the rate was only 0.36% APY.

The 24-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with...

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Athol Credit Union (MA) Adds Umbrella Checking
Deal Summary: Umbrella Checking, 2.25% APY up to $25k.

Availability: Residents of Franklin, Hampshire, and Worcester Counties, Massachusetts.

This week, Athol Credit Union (ACU) announced the addition of a new rewards checking account – Umbrella Checking, which earns 2.25% APY on qualified balances up to $25k. Qualified balances over $25k earn 0.50% APY, with non-qualifying balances earning 0.10% APY.

Qualifying Requirements

  • Have at least 12 debit card purchases
  • Receive eStatements
  • At least one direct deposit per statement cycle

The Umbrella Checking account has no monthly service fee, no minimum balance requirement,...

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AAC Credit Union (MI) Adds 25-Month Autumn CD Special
Deal Summary: 25-month Autumn CD Special, 2.05% APY, $500 minimum

Availability: Residents of six west Michigan counties

AAC Credit Union (AACCU) has added a 25-month Autumn CD Special, which earns 2.05% APY. The Autumn CD Special can be opened with a $500 minimum deposit, with no stated balance cap.

AACCU currently has two other CD Specials (13-month, 1.51% APY; 60-month, 2.27% APY), but neither has a very competitive rate.

As stated in the CD Disclosure document, the Early Withdrawal Penalty reads as follows:

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Liberty First Credit Union (NE) Ups Kasasa Cash Rate And Cap
Deal Summary: Kasasa Cash, 3.00% APY, on qualifying balances up to $30k.

Availability: Residents of Lancaster and Seward Counties, Nebraska; employees/members of 20 SEGs.

More than two years ago, Liberty First Credit Union (Liberty First CU) began offering a Kasasa Cash account. Before the Kasasa Cash’s first anniversary, its APY and qualifying balance cap were raised (2.50% APY, up to $25k). Liberty First CU started this week by not only raising the rate (3.00% APY) but increased the balance cap to $30k. Qualifying balances over $30k...

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