Bank Deals Blog: Nationwide Deals

GiftsforBanking.com’s (GfB) 3- and 5-year CD Gifts are another two NTS (New To Summary) CDs that were added to this week’s CD Rates Summary. The 3-year’s 2.50% APY has been in effect since late March, while the 5-year has been offering a 2.75% APY for nearly a year. The minimum opening deposit is $25k, with no stated balance cap.

First Security Bank & Trust’s (First Security) Kasasa Cash account earns 2.51% APY on qualifying balances up to $50k. Qualifying balances greater than $50k earn 0.20% APY, with non-qualifying balances earning 0.05% APY.

The Kasasa Cash account was unveiled more than four years ago, with a decidedly low 1.05% APY. The rate was increased to 2.51% APY in August 2018. The Kasasa Cash account is First Security’s...

Capital One’s 18-month 360 CD is another NTS (New to Summary) addition to this week’s CD Rates Summary. Currently earning 2.55% 1.90 APY, the 18-month 360 CD is listed in the Summary’s top four nationally available 18-month CDs.

Capital One 360 CDs have no minimum opening deposit requirement, “however, your Certificate of Deposit account may not exceed $1,000,000.”...

You may have noticed a new abbreviation in yesterday’s CD Rates Summary: NTS (New to Summary). A CD marked with NTS has become competitive not through a rate increase, but by maintaining an APY during the recent reshuffling of rates. Merrick Bank’s 18-month CD (2.56% APY) is one such CD. Added to the product line about a month ago, the 18-month CD’s rate has held steady and is currently the highest APY...

At the end of last week, USALLIANCE Financial (USALLIANCE) raised the rates on two of its Certificate Specials: 9-month (2.50% APY) and 15-month (2.70% APY). The APYs were dramatically increased, with the 9-month adding 225 bps and the 15-month gaining 119 bps. The minimum opening deposit for either is $500, with no stated balance cap.

The last time USALLIANCE had a competitive CD...

Credit Union of the Rockies (CUR) is currently offering four Promotional CDs: 24-month (2.75% APY), 36-month (2.50% APY), 48-month (2.60% APY), and 60-month (2.70% APY). Of the four, the 24-month is the most competitive. The minimum opening deposit is $1k, with no stated balance cap.

The fine print on the Savings Rate page states,

The Promotional CDs are also available as IRAs...

Virginia-based CommonWealth One Federal Credit Union (CommonWealth One) is offering a 60-month Jumbo Share Certificate with tiered APYs: 3.21% APY ($100k minimum) and 3.16% APY ($50k minimum). There's also a 60-month non-Jumbo Share Certificate that earns 3.11% APY ($1k minimum). These rates have been in effect since April. We'll have to see if these continue through September.

The Jumbo Share Certificate is also...

AgFed Credit Union (AgFed) has a history of offering limited-time competitive CD rates and/or CD Specials. The latest is an 18-month Certificate Special, promoted as helping members “reach new heights” with a 3.00% 2.20% APY. The minimum opening deposit is only $250 and there is no stated balance cap.

The 18-month Certificate Special is also available as an IRA, earning the same 3.00% 2.20%...

I’m starting this blog post with a quote from this week’s CD Rates Summary.

I’m pleased to update that statement: Utah-based Prime Alliance Bank (Prime Alliance) is currently offering 3.15% 2.75% APY and 3.05% 2.70% APY on its nationally available 60- and 48-month CDs, respectively. Either CD can be opened with a $500...