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

Fahey Bank (OH) Has 60-Month CD Special (4.00% APY)
UPDATE: 9/13/2018 – Only available to Ohio residents.

Deal Summary: CD Specials – 48-month (3.50% APY), 60-month (4.00% APY), $500 minimum deposit, Kasasa checking required.

Availability: Nationwide Ohio residents only.

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.

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F&M Bank (TN) Ups 24-Month My Choice CD APY, 3.00% APY
Deal Summary: My Choice CDs – 12-month (2.50% APY), 24-month (3.00% APY), $1k min/$500k max deposit, new and renewal money, one penalty-free withdrawal, one rate step-up.

Availability: Market area includes seven middle Tennessee counties.

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...

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Poppy Bank (CA) Offers Poppy Savings (2.50% APY) At Two Branches
Deal Summary: Poppy Savings, 2.50% APY, $10k minimum, guaranteed through December 31, 2019, checking requirement.

Availability: Offer in-branch at the Menlo Park and Milpitas locations only.

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

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Main Street Bank Ups Nationally Available 36-Month CD
Deal Summary: 36-month CD (3.00% APY), 48-month CD (3.15% APY), $500 minimum deposit

Availability: Nationwide

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...

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Liberty Bank (CT) Brings Back 18-Month Promo CD
Deal Summary: 18-month Promotional CD, 3.00% APY, $500 min/$250k max deposit, new money, 3.50% APY guaranteed renewal rate, checking relationship, limit of one per customer.

Availability: Available in-branch only at all Connecticut locations.

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...

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Solvay Bank (NY) Ups 36-Month CD Special Rate
Deal Summary: 36-month CD Special, 3.50% APY, $500 min/$250k max deposit, new money, checking relationship.

Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

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...

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Five Star Bank (NY) Adds 13-Month CD Special
Deal Summary: 13-Month Premier CD Special, 2.80% APY, $500 min/$250k max, Premier Checking Account required. $150 bonus available for new Premier Checking Accounts opened online.

Availability: Market area is 18 western New York counties.

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...

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Community Financial Service Bank Offers 49-Month CD
Deal Summary: 49-month CD Special, 3.09% APY, $1k minimum deposit

Availability: Nationwide

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,

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MemoryBank Debuts Online Money Market
Deal Summary: Online Money Market Account, 1.85% APY on balances up to $1 million

Availability: Nationwide (internet bank)

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.

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Meridian Bank (PA) Ups 36-Month CD Rate
Deal Summary: CDs – 24-month (2.80% APY), 36-month (3.00% APY), 48-month (3.05% APY), $500 minimum deposit

Availability: Market area is southeast Pennsylvania.

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....

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