Bank Deals Blog: Nationwide Deals

As promised in yesterday’s WebBank’s High-Yield Savings Account (2.40% APY) blog post, here’s a look at their Time Deposits (CDs). After more than 20 years as a “behind-the-scenes” player in the loan industry, WebBank began to offering several CDs on a nationwide basis late last year. The minimum opening deposit for any of the CDs is $2.5k.

The name WebBank might sound like just another internet bank that’s recently popped up on the banking horizon, but this Utah-based institution opened its doors in 1997. WebBank had been a “behind-the-scenes” player in the loan industry for more than 20 years, when they began to offer an online savings account and several CDs late last year.

There will be a separate blog post about the CDs on Monday, but here’s...

Now through March 31, 2019, USF Federal Credit Union (USF FCU) is offering a 19-month CD Special, which earns 3.10% APY. The minimum deposit is $1k of new money, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty (EWP) for the 2-year CD applies to the 19-month CD Special, with partial withdrawals allowed. As stated in the Truth-in-Savings disclosure (part of the online application),...

Colorado Federal Savings Bank (CFSB) added 35 bps to its 12-month CD (2.86% APY) yesterday. This latest rate increase puts the 12-month just shy of being the top-rated nationally available 1-year CD (minimum deposits of $10k or less). The 12-month CD can be opened with a $5k minimum deposit, with no stated balance cap.

A total of 116 bps have been added to the 12-month CD in the past year in five rate...

Discover Bank has been offering bonuses on new Online Savings accounts for several years. The latest one offers a bonus of up to $200 when opening a new Online Savings account by April 1, 2019. Here are the bonus details:

Bonus Requirements

• Open an Online Savings account by April 1, 2019.
• Use offer code NPBE319 when applying.
• $150 bonus – fund with at least $15k by April 15, 2019.
• $200 bonus – fund with at least...

Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...

In July, Pennsylvania-based Customers Bank introduced its Ascent Money Market Savings Account (Ascent MMSA), which currently earns 2.25% APY (guaranteed through 12/31/2019) on balances of $25k+. Although it’s not readily apparent from the name, the Ascent MMSA is actually a savings account, not a money market account.

This week, a new Customers Bank savings account...

While this week’s addition of 5 bps is a modest increase, the new 2.45% APY puts MemoryBank’s Online Money Market Account (OMMA) near the top for nationally available money markets. Added to the product line about nine months ago, the OMMA has added a total of 60 bps in four rate increases. The 2.45% APY applies to balances between $0.01 and $1 million, with balances...

Two years ago, My e-Banc introduced its Super Saver Money Market Account (MMA), offering 1.11% APY on all balances. Following several rate increases and restructuring, the Super Saver MMA now has tiered APYs: 2.25% APY on balances of $100k and above, and 2.00% APY on balances below $100k.

Super Saver MMA Details

• Opening Deposit – a minimum of $5k.
• Check Writing – up to six...