Bank Deals Blog: Nationwide Deals

Utah-based Home Savings Bank is currently offering 5.50% APY on its 6-month Internet CD. The minimum opening deposit is $5k, with each individual “limited to “$250,000 in any one or combination of Online Certificate Accounts.”

The 6-month Internet CD is also available as Internet IRA CD (Traditional and Roth), earning the same APY with the same deposit requirements.

The fine print on the Internet Rates page reads, “Additional disclosure applies to accounts opened online.” Some of...

It’s been about ten months since I wrote about the CFG Bank 12-month CD, which had been quite competitive in the first half of 2023. In the past five months, the 12-month CD APY lost 42 bps, with last fall’s short-lived 5.67% APY a distant memory. With two rate increases (15 bps) in the past two weeks ago, the 12-month CD is currently offering a very competitive 5.40% APY....

Louisiana-based Pelican State Credit Union (Pelican State) boosted the rate on its 60-month CD recently. Following a substantial increase of 88 bps, the 60-month CD offers a competitive 4.70% APY, which places the 60-month CD near the top of the 5-year CD in yesterday’s CD Deal Summary.

The minimum opening deposit is $500, with no stated balance cap. While Jumbo CDs ($10k minimum deposit) are listed separately on the Pelican State...

Minnesota-based Magnifi Financial has restructured its “Pick Your Term” CD Specials, changing the term-lengths and rates. In January, Magnifi Financial offered two CD Specials (17-month, 5.40% APY and 23-month, 5.25% APY); this latest offering includes...

Arizona-based Hughes Federal Credit Union (Hughes FCU) has been offering a 17-month Mini-Jumbo CD Special (5.60% APY) and a 17-month Jumbo CD Special (5.65% APY) since the beginning of the year. Based on the recent trend of falling rates, there is a good possibility these long-lasting rate-leading APYs may be lowered sometime soon. If you are thinking of opening either a Mini-Jumbo CD Special or a Jumbo...

Just as I was about to publish this blog post, I noticed that Affinity Federal Credit Union (Affinity FCU) had dropped the rate on its 14-month Promotional CD Special from a competitive 5.50% APY to a rather pedestrian 5.00% APY overnight. Yet another example of a trend that has started in the last two months: falling CD rates and CD specials that don’t last long....

Indiana-based Notre Dame Federal Credit Union (NDFCU) is currently offering two Certificate Specials with market-leading rates: 11-18 months (5.55% APY) and 36-month (5.25% APY). There is no minimum opening deposit and no stated balance cap.

The Certificate Specials are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

Early Withdrawal Penalty

At the start of March, New-York based USALLIANCE Financial (USALLIANCE) increased the rate of the 12-month Certificate Special to 5.40% APY. Following the addition of 20 bps, the 12-month Certificate Special currently has the highest and most competitive rate in the USALLIANCE CD product line. The last noteworthy Certificate Special was in November when USALLIANCE offered an 18-month Special with a 5.75% APY. That lasted less than a month. The 12-month Certificate Special...

I wrote about Texas-based T Bank’s 13-month CD Special in early January. With a competitive 5.65% APY, the 13-month CD Special made its debut in the January 17^th CD Deals Summary near the top of the nationally available 1-Year CD category. The 5.65% APY lasted well into February before dropping to 5.25% APY and subsequently being removed from the CD Deals Summary....