Bank Deals Blog: Nationwide Deals

The following was originally posted on 11/5/19.

I don’t have anything new to report on PSECU, but I thought a quick mention...

Although TAB Bank’s 12-month CD APY dropped by 44 bps in three rate decreases in the past year, its current 2.25% APY is quite competitive. In fact, it's now the highest rate that's available from an online bank. The minimum opening deposit is $1k, with no stated balance cap.

As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 12 months or less:...

The 84-month Share Certificate Special (SCS) offered by Andrews Federal Credit Union (Andrews Federal) is nearing its one-year anniversary. Although its rate dropped in August from its initial 3.45% APY to 3.05% APY, the 84-month SCS is still a rate leader and is one of the few nationally available 3%+ CDs. The minimum opening deposit is $1k, with a balance cap of $250k. There’s...

In September, I wrote about the new Direct Money Market Deposit Account (DMMDA) offered by Florida-based TotalDirectBank (TDB). The 2.35% APY on balances between $5k and $500k is still in effect. For more detail about the DMMDA, please refer the September 26 blog post.

In September, TotalDirectBank’s CD rates were fairly competitive, but in the past seven weeks as many other rates dipped, the...

FitnessBank recently cut rates again on its Fitness Savings Account. The top rate fell from 2.75% to 2.60% APY at the start of November. For two months in the summer, the top rate had been 3.00% APY. After three Fed rate cuts that total 75 bps, a 40 bp rate cut seems reasonable. With a top rate of 2.60% APY, the Fitness Savings Account remains the rate leader for nationally...

When I see a good rate these days, my first thought is, “I wonder how long it will last.” The only indication I could get from a SallieMae Bank CSR concerning the 12-month CD (2.35% APY) was, “we haven’t received any notification of an upcoming rate change.” While not exactly a guarantee of no impending rate change, that’s the only information CSR had to offer. Like all of SallieMae Bank’s CDs, the...

Falling rates is the news for most deposit accounts today, but I did find a little bit of good news for savers. NASA Federal Credit Union (NASA FCU) increased the rates of three of its Share Certificate Specials (SCS) by 10 to 20 basis points. All three are now very competitive. The three SCSs have terms of 49 months (2.60% APY),...

Two of the CDs offered by Michigan-based American 1 Credit Union (American 1) have become competitive in the last month. The rates on the 2-year CD (2.50% APY) and 3-year CD (2.75% APY) were raised in late July and have been in effect since that time. With so many CD rates falling, the 2- and 3-year CDs are now within reach...

America's Credit Union (ACU) has a 12-month Standard CD (2.38% APY) that’s only become competitive recently. While the 2.38% APY has been in effect for almost a year, that rate started looking good in the last couple of weeks. The minimum opening deposit is $500, with no stated balance cap.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

Funding can be done by ACH, wire transfer, or check....