Bank Deals Blog: Nationwide Deals

Florida-based First Home Bank (1HB) has two nationally available CD Specials – 18-month (3.01% APY) and 15-month (2.72% APY). These limited-time CD Specials require a minimum $1k of new money to open and are capped at $240k.

According to CSR, the Early Withdrawal Penalty (EWP) for any 1HB CD is one-half of all interest earned, with partial withdrawals allowed.

Funding the CD Specials and accessing maturing funds can be...

Less than three months ago, earn.bank made its debut in the internet banking world, offering a Money Market Account (MMA) and two CDs. The MMA offered an initial (and respectable) 2.02% APY on all balances. Within one month, the rate jumped to 2.31% APY, securing a place as the top-rated nationally available money market account. As of today, the MMA now earns 2.41% APY on all balances and is...

Do you remember Premier America Credit Union’s (Premier America CU) 16-month Fall Certificate Special? In September, the 16-month CD Special earned 3.00% APY. Four months later, the CD Special is still available, but has a new name (New Year Certificate Special) and a new, improved rate of 3.15% APY. This limited-time offering can be opened with a minimum $1k, with no stated balance cap.

As stated in the Special Certificate...

Two months ago, Connexus Credit Union (Connexus) caught the attention of DA readers by raising the rate on its 60-month Share Certificate (SC) to 4.00% APY. That rate lasted about three weeks before dropping to 3.50% APY, where it remained until today. The new 3.63% APY makes the 60-month SC a rate leader in the nationally available 5-year CD category.

Connexus also added 15 bps to its 36-month...

Citizens Bank (RI) unveiled its new internet division, Citizens Access, in July 2018. The new bank's Online Savings Account offered an initial 2.00% APY on balances of $5k and above; balances below $5k earned 0.25% APY. Two rate increases in September and October added a total of 25 bps, although the lower rate tier remained static.

Since October’s increase, the Online Savings Account rate hasn’t changed until this morning: the new rate...

The latest institution to increase the rate on a savings account is Live Oak Bank, which added 15 bps to its Savings Account (2.25% APY) yesterday. With no minimum opening deposit requirement or minimum balance requirement, the 2.25% APY applies to all balances up to $5 million.

Throughout 2017 and for first part of 2018, the Savings Account APY was within reach of the rate leaders, but that scenario has changed....

It’s been six months since Salem Five Direct last raised the rate on its eOne Savings account. At that time, the eOne Savings' 2.05% APY was a rate leader for nationally available savings account. As of today, the eOne Savings account earns 2.30% APY on all balances up to $1 million, but the 2.30% APY falls short of be a rate leader. FYI...

As I was checking the rate on North American Savings Bank’s (NASB) Online Money Market Special, I noticed a new product: a High Rate Savings account, which earns 2.53% APY on balances between $50k and $5 million. Balances less than $50k and greater than $5 million earn 0.10% APY. In addition to offering a top rate, the High Rate Savings APY is guaranteed for six...

Seven months ago, MemoryBank (an internet division of Republic Bank) unveiled its Online Money Market Account (OMMA), which initially earned 1.85% APY. By the end of the year, the APY had risen to 2.30% following two rate increases. An additional 10 bps were added this morning, with the OMMA now earning 2.40% APY on balances up to $1 million; balances over $1 million continue to...