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: Nationwide with a military relationship; residents of six NW Louisiana parishes; active military and civilian employees at Barksdale Airforce Base; more than 1,000 SEGs.
It’s been almost a year since Barksdale Federal Credit Union (Barksdale Federal) significantly increased the scope of its field of membership (FOM). (I discuss that change in detail in the Availability section below, but simply put, prior military service qualifies for membership.)...
Deal Summary: 14-month CD Special, 1.25% APY, $1k min/$10k max deposit, new money, new members in DC, MD, NC, and VA only.
Availability: Easy membership requirement
Langley Federal Credit Union’s (Langley FCU) limited-time 15-month CD Special ended after being offered for about two months. The latest promotion certificate is a 14-month CD Special, earning 1.25% APY.
The 14-month CD Special has some limitations, which are listed in the fine print of the Certificates page.
While the 14-month CD Special APY is 25 bps higher than that of the...
Deal Summary: 35-month Certificate Special, 1.00% APY, $500 minimum deposit, checking or savings relationship for required new members.
Availability: Easy membership requirement.
New York-based USALLIANCE Financial (USALLIANCE) is again offering a 35-month Certificate Special (1.00% APY), which brings the total number of Certificate Specials currently in the product line up to six. Like all USALLIANCE Certificates, the 35-month Certificate Special requires a $500 minimum opening deposit, with no stated balance cap.
The drop down in the above chart is a bit misleading, in that the rate didn’t technically...
Maryland-based NASA Federal Credit Union (NASA Federal) has been offering competitive Share Certificate Specials over the past several years. Last month, I wrote about the 49-month Share Certificate Special (SCS), following its impressive 70 bps increase. The other two SCS (9-month and 15-month) also had modest rate increases (10 bps) at that time.
UPDATE: 5/3/2021 - online application valid for residents of California, Illinois, and Missouri.
Deal Summary: First Performance Checking, 3.04% APY on qualifying balances up to $25k.
Availability:Nationwide Online application for California, Illinois, and Missouri.
Nine months ago, I wrote about Missouri-based First Bank’s new rewards checking account (RCA), First Performance Checking. At that time, this very competitive RCA was only offered in-branch in Missouri, Illinois, and California, but according to CSR, it’s now available nationwide through an online application. First Performance Checking currently earns...
Update: Readers are being told by INOVA phone representatives that to be eligible to join, you must live within 50 miles from one of their branches. I've been covering INOVA for more than 10 years, and this is the first time I've heard about this requirement. We'll research this for additional details.
Deal Summary: Savings Account, 3% APY on up to $15k, 0.50% for $15k+
Availability: Nationwide (via mobile app)
Porte is a brand of the financial technology company (fintech) Populus Financial Group that has partnered with MetaBank to offer unique checking and savings accounts. Like many of the new fintech bank accounts, Porte requires a mobile app to open and manage the account. You must first open the checking account, what it calls a demand deposit account. It’s a free checking account, but it pays no interest. Once you have the...
Deal Summary: Kasasa Cash Checking, 2.15% APY on qualifying balances up to $15k. Kasasa Saver, 0.75% APY on qualifying balances up to $25k.
Availability: Wisconsin, possibly nationwide.
Wisconsin-based Independence State Bank has been offering Kasasa brand products for nearly three years. The Kasasa Cash Checking’s initial 2.15% APY on qualifying balances up to $15k is still in effect. Qualifying balances above $15k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.
Deal Summary: Investment Checking, 3.00% APY, up to $10k; Investment Savings, 0.60% APY, $100k minimum.
Security State Bank’s (SSB) Investment Checking and Investment Savings accounts are offered as a package deal, with the following minimum opening deposits:
The Investment Checking earns 3.00% APY on balances up to $10k, with balances greater than $10k earning 0.25%. (Investment Checking interest does not compound, as it is automatically transferred to the Investment Savings account at the end of the qualification cycle.) Investment Savings balances of $100k and above earn...
Deal Summary: Interest Reward Checking, 3.00% APY, up to $10k; Interest Reward Saver, 0.75% APY, up to $100k.
Availability:Nationwide Kansas residents
Kansas-based Security State Bank (SSB) is no longer offering Kasasa brand products, but has introduced proprietary reward checking and savings accounts as a replacement. The Interest Reward Checking currently earns 3.00% APY on qualifying balances up to $10k. Qualifying balances above $10k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.
The monthly qualification requirements are reminiscent of a Kasasa Cash checking account and...