Bank Deals Blog: Checking & Reward Checking Deals

For a limited-time, Tremont Credit Union (TCU) is offering a 15-month New Member CD Special earning 3.05% APY, with the rate applying to “new money and new memberships only.” The minimum opening deposit is $1k, with no stated balance cap.

In addition to a competitive rate, the CD Special permits one additional deposit.

Earlier this month, 4Front Credit Union (4Front) unveiled its new rewards checking account (RCA), Straight4ward Rewards Checking, which earns 4.08% APY on qualifying balances up to $15k. Balances above $15k and non-qualifying balances do not earn any interest. For whatever reason, RCAs have been slow to keep pace in the current rising rates climate, so it’s quite nice to see a new 4%+ RCA.

Monthly Qualifying Requirements

• Deposit $500 or more (direct...

The latest banks to raise their Money Market Account rates are the Oklahoma-based, All America Bank and its online “country cousin” division, Redneck Bank. Their Mega Money Market (MMM) accounts now earn 2.25% APY on balances up to $50k, with balances over $50k continuing to earn 0.50% APY.

All America Bank and Redneck Bank first launched the MMM, along with the Rewards...

When I wrote about Georgia Banking Company (GBC) in April 2017, its Kasasa brand products had recently been made nationally available. I have to admit I was slightly skeptical when GBC announced this change. Based on my many years as an observer of the banking industry, I’ve occasionally seen smaller banks find the demand for a...

It’s been almost two years since Illinois-based Consumers Credit Union (CCU) had a competitive CD. That changed this week with new rates on CCU’s Jumbo CD Specials ($100k minimum): 45-month (3.35% APY) and 15-month (2.85% APY). The non-Jumbo version of these CD Specials can be opened with a $250 minimum deposit and earn APYs...

More than a year ago, Mercantil Bank began offering Online CDs to all Florida and Texas residents. Over the weekend, the rate on the 60-month Online CD was raised to 3.50% APY. New money is required to open an Online CD, with a...

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...