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.
Availability: Easy membership requirement for North Carolina residents.
The latest institution to offer a CD with a 3.00% APY is Coastal Credit Union (Coastal CU). This time it’s not on a 5-year term, but for a much shorter 39-month term. The minimum deposit for the 39-month CD is a low $250, with no stated balance cap.
The 39-month CD is also offered as an IRA (Traditional, Roth, SEP, CESA) earning the same APY, with the same $250 minimum...
UPDATE March 16, 2018: The Maximum Earnings Checking account is available nationwide.
Deal Summary: Maximum Earnings Checking - 4.50% APY up to $10k; 1.40% APY from $10k+ up to $50k; and 0.05% APY on balances of $50k+ and non-qualifying balances.
Availability: Maximum Earnings Checking is available nationwide to all Tennessee residents.
First Advantage Bank (FAB) has added 146 bps to its Maximum Earnings (ME) Checking account, giving it a 4.50% APY on qualifying balances up to $10k. The ME Checking account is structured differently than the standard...
Deal Summary: Shield Checking, 3.00% APY on qualifying balances up to $15k.
Availability: Easy Membership Requirement
Last week, INOVA Federal Credit Union (INOVA) raised the rate on its Shield Checking account to 3.00% APY on qualifying balances up to $15k. Qualifying balances of $15k+ and non-qualifying balances both earn 0.07% APY.
The Shield Checking account made its debut last March, replacing INOVA’s Ovation checking account, which had been part of the product line since early 2010. Prior to last week’s rate increase, the Shield Checking earned...
POSTED ON THURSDAY, FEBRUARY 22, 2018 BY KEN TUMIN
UPDATE 2/22/18: The new rates and balance cap took effect yesterday, as scheduled. The second tier rates did not change and information on those have been added to this post.
Deal Summary: Mega Money Market, 1.75% APY up to $50k, balances over $50k earn 0.50% APY, minimum $50 opening deposit.
As scheduled, All America Bank and its online “country cousin” division Redneck Bank raised the rate on their Mega Money Market Accounts yesterday to 1.75%, with the $35k balance cap increased to $50k. Balances over $50k will...
POSTED ON WEDNESDAY, FEBRUARY 21, 2018 BY KEN TUMIN
Discover Bank announced yesterday a new rewards system for its Cashback Checking Account. Customers now earn 1% cash back on up to $3,000 in qualifying debit card purchases each month. Also, the account is now available to everyone. Previously, it was limited to Discover cardmembers, personal loan customers and deposit account customers.
The Cashback Checking Account has several nice features, but it lacks one important feature: it earns no interest. For those who have interest checking accounts and use cash-back credit cards, there is a way that the Cashback Checking could...
Availability: Kasasa Cash and Kasasa Savings are available to all Arkansas residents.
According to United Bank’s website, “We’ve Raised The Bar … Literally!” The bar being the qualifying balance cap on its Kasasa Cash account, which is now a healthy $25k (up from $10k). The current 3.01% APY on qualifying balances has been effect for about 14 months. Qualifying balances over $25k earn 1.00% APY, with non-qualifying balances earning 0.05% APY.
Deal Summary: Kasasa Cash, 3.00% APY, up to $15k. Kasasa Saver, 1.25% APY, up to $15k.
Availability: Kasasa Cash and Kasasa Savings are available to residents of Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.
Lee Bank has added 50 bps to its Kasasa Cash account, resulting in a 3.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.
The Kasasa Cash account has been part of the Bank’s product line for about...
Deal Summary: 16-month Certificate Special (2.10% APY), 55-month Certificate Special (2.50% APY), $500 minimum deposit, Ultra Checking required.
Availability: Easy membership requirement for residents of Arkansas, Indiana, Michigan, Nevada, North Carolina, Ohio, and Oklahoma; employees of 900+ SEGs.
United Federal Credit Union (UFCU) is continuing to offer limited-time Certificate Specials. The latest are a 9-month (1.50% APY), 16-month (2.10% APY), and 55-month (2.50% APY), with the 16- and 55-month having the most competitive rates. The minimum deposit for any of the Certificate Specials is $500,...
POSTED ON THURSDAY, NOVEMBER 30, 2017 BY KEN TUMIN
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%....
Deal Summary: EarnMore Account (checking), 1.50% APY on balances up to $250k.
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...