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.
Deal Summary: Free Kasasa Cash Checking, 3.05% APY, up to $25k.
Availability: All Texas residents through online application.
While First-Lockhart National Bank (First-Lockhart) has been offering some type of competitive rewards checking account (RCA) for more than ten years, the Kasasa brand has only been a part of the product line for about ten months. The Free Kasasa Cash Checking account currently earns 3.05% on qualifying balances up to $25k; qualifying balances above $25k earn 1.045% APY, with non-qualifying balances earning 0.05% APY.
Availability: Market area includes 11 Texas counties.
Keystone Bank has added three No Penalty CDs to its product line: 7-month (2.10% APY), 11-month (2.05% APY), and 13-month (2.00% APY). The minimum opening deposit is $10k, with no stated balance cap. The no penalty feature allows for an early closure only; partial withdrawals are not permitted.
You probably noticed that these No Penalty CD rates go...
Deal Summary: $250 bonus when opening a new Xtraordinary Checking account, available through February 17, 2020.
Availability: Easy membership requirement
Now through February 17, 2020, Connexus Credit Union (Connexus) is offering a $250 bonus when opening a new Xtraordinary checking account using the promotion code, FREECHECKING. This offer is only available to members who do not have an existing Connexus checking account, or one that was closed on or after January 2, 2020, and is limited to one bonus per member.
Deal Summary: High Dividend Checking, 2.02% APY on qualifying balances between $500 and $75k.
Availability: Residents of three central Pennsylvania counties.
PA Central Federal Credit Union’s (PA Central) rewards checking account, High Dividend Checking, currently earns 2.02% APY on qualifying balances between $500 and $75k. Non-qualifying balances and qualifying balances below $500 and above $75k do not earn any interest. While 2.02% APY is low for a rewards checking account, the $75k balance cap is unusually high.
Deal Summary: Rewards Checking, 3.25% APY on qualifying balances up to $25k.
Availability: Western Michigan
In August, Community Shores Bank (CSB) unveiled its new Rewards Checking account, which earns 3.25% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.15% APY, with non-qualifying balances not earning any interest.
At least 15 debit card purchases.
Access Online Banking or CSB-Mobile Banking at least once per statement cycle.
CSB lists a fourth requirement that I think goes without saying: “Keep the account open.”
POSTED ON SATURDAY, DECEMBER 28, 2019 BY KEN TUMIN
Deal Summary: Kasasa Cash Checking, 3.25% APY on qualifying balances up to $25k.
Availability: New Jersey
Spencer Savings Bank (Spencer) recently added a new Kasasa Cash Checking account, which earns 3.25% APY on qualifying balances up to $25k. Qualifying balances greater than $25k earn 0.30% APY, with non-qualifying balances earning 0.05% APY.
At least 12 debit card purchases per statement cycle.
At least one ACH direct deposit or one automatic debit per statement cycle.
Establish and maintain a Spencer Online Banking account.
The Kasasa Cash Checking account has no minimum...
Minnesota-based Heritage Bank had been offering very competitive rates on its long-term Triple Option CDs. Unfortunately, the rates have recently fallen, but there are still very competitive rates on Heritage Bank’s 6-month Triple Option CD Special. This CD currently earns 2.31% APY ($100k) or 2.21% APY ($10k).
The Triple Option features include additional deposits, unlimited rate bumps, penalty-free withdrawals, albeit with significant limitations.
Deal Summary: 24-month Winter Promo CD, 2.50% APY, $500 minimum deposit, available through 1/31/2020.
Availability: Easy membership requirement
If your stocking stuffers weren’t that exciting, perhaps XCEL Federal Credit Union’s (XCEL) newly added 24-month Winter Promo CD (2.50% APY) will make you feel jolly. The minimum opening deposit is $500, with no stated balance cap. According the fine print on the Rates page, “This offer expires 01/31/20 or may be withdrawn at any time for any reason.”
The 24-month Winter Promo CD is also available as an...
POSTED ON THURSDAY, DECEMBER 26, 2019 BY KEN TUMIN
Deal Summary: Power Checking, 3.51% APY on qualifying balances up to $25k.
Availability: Power Checking available to all Nebraska residents.
Three years ago this month, Cornhusker Bank introduced its Rewards Checking Account – the Power Checking account – as a replacement for its Relationship Checking account. The initial 3.50% APY was in effect for six weeks before a single basis point was added. Since January 2017, the Power Checking account has earned 3.51% APY on qualifying balances up to $25k. Portions of qualifying balances over $25k earn...