Bank Deals Blog: Checking & Reward Checking Deals

For a limited time, Fahey Bank (Ohio) has a series of CD Specials with a Kasasa Cash checking relationship. Of the five CD Specials offered, the 48-month (3.50% APY) and 60-month (4.00% APY) have the most competitive rates. The minimum opening deposit for any of the CD Specials is $500, with no stated balance cap.

Last week, F&M Bank raised the rates on its 12-month (2.50% APY) and 24-month (3.00% APY) My Choice CDs. These limited-time CDs can be opened with a $1k minimum deposit (either new or renewal money) and are capped at $500k. The intrinsic value of these two CDs is enhanced by “one penalty free...

Poppy Bank (formerly First Community Bank) is currently offering a Poppy Savings/Poppy Checking combo special only at its Menlo Park and Milpitas branch locations. Both accounts must be opened at the same time. (Note: since this offer is limited to only two branch locations, the Poppy Savings account is not listed in any of DA's rate tables.)

Poppy Savings

It’s been more than 2½ years since I last wrote about Michigan-based Main Street Bank. At that time, Main Street Bank was offering a 12-month CD that was 5 bps short of being a rate leader. Since then, the Bank’s CD rates haven’t merited a blog post, but that changed at the end of last week. With several rate increases ranging from 50 to 130 bps, Main Street Bank CDs have become...

Over the weekend, Liberty Bank brought back its 18-month Promotional CD with a new APY of 3.00%. The minimum opening deposit is $500 of new money, which is defined simply as “funds not currently on deposit at Liberty Bank.” There is a $250k balance cap and a limit of one Promotional CD per...

Solvay Bank has raised the rate on its 36-month CD Special to 3.50% APY. The minimum deposit is $500 of new money, and the maximum deposit is $250k. There is a limit of one CD Special per tax ID and the offer is only valid for personal accounts.

According to CSR, the Early...

Five Star Bank is currently offering a 13-month Premier CD Special earning 2.80% APY. The minimum deposit is $500 and is capped at $250k. A new or existing Premier Checking Account is required to open the 13-month Premier CD Special.

The Premier CD Special is also available as an IRA, earning...

Community Financial Services Bank (CFSB) recently added three CD Specials, of which the 49-month CD Special (3.09% APY) is the most competitive. Any of CD Specials can be opened with a $1k minimum deposit, with no stated balance cap.

The CD Specials are also available as IRAs (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

As stated in the fine print on the Certificates of Deposit page,

It’s been about 18 months since Republic Bank introduced its new internet division, MemoryBank. The EarnMore Checking Account was MemoryBank's first and only product. MemoryBank doubled the size of its product line this week, when it unveiled its Online Money Market Account (OMMA). The OMMA earns 1.85% APY on balances between $0.01 and $1 million; balances over $1 million earn 0.01% APY.

Meridian Bank began the week by raising the rates on most of its CDs, with the 24-month (2.80% APY), 36-month (3.00% APY), and 48-month (3.05% APY) being the most competitive. The minimum opening deposit is $500, with no stated balance cap.

This week’s rate increases (between 115-120 bps) are the first rate changes in nearly a year for all the CDs....