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.
Deal Summary: 3-Year Popular Direct CD, 1.90% APY, $10k minimum
Availability: Nationwide, internet bank
It’s been almost nine months since Banco Popular North America introduced its newest internet division, Popular Direct. At the end of last week, Popular Direct raised the rates on its long-term CDs, with the 3-year Popular Direct CD being the most competitive. The minimum opening deposit for any Popular Direct CD is $10k, with no stated balance cap.
Since August 2016, there have been four rate increases for the 3-year CD,...
Deal Summary: 36-month E-Certificate of Deposit, 2.00% APY; 30-month E-Certificate of Deposit, 1.85% APY; $500 minimum deposit.
Availability: Nationwide (internet division)
Earlier this month, I wrote about First Central Direct, the new online division of First Central Savings Bank, and its competitive online money market account. First Central Direct has just raised the rates on its online 36-month E-Certificate of Deposit (2.00% APY) and 30-month E-Certificate of Deposit (1.85% APY). The minimum deposit is $500, with no stated balance cap.
According to CSR, the Early Withdrawal Penalty for any...
Deal Summary: 1-year CD, 1.30% APY (increase of 25 bps); Also, rate increases on 5-year CD, 2-year Raise Your Rate CD and 4-year Raise Your Rate CD.
Availability: Internet Bank
Ally Bank increased the rate of its 1-year CD by 25 basis points. The new rate is now 1.30% APY for all balances. In addition, Ally increased the rates by 10 basis points of its two Raise Your Rate (RYR) CDs. The 2-year RYR CD has a 1.40% APY, and the 4-year RYR CD has a 1.50% APY. The...
When I have the occasion to write about a new bank, “new” usually means opened in the recent past; in the case of PurePoint Financial, “new” means yesterday, literally. PurePoint Financial is an online division of MUFG Union Bank, N.A. (Union Bank) which itself...
Deal Summary: Rate Increases on CDs with terms from 1 to 5 years with APYs ranging from 1.35% for 1-year CD to 2.30% for 5-year CD.
Availability: Nationwide (internet bank)
Synchrony Bank has just raised its CD rates on terms from 1 to 5 years. This move comes less than a week after the Fed increased the fed funds rate, and it’s a positive sign that interest rates are finally moving up for savers.
The size of the rate increases ranged from 10 basis points on the 12-month CD, to 30...
Deal Summary: Vertical Dividend Checking, 3.00% APY up to $15k
Availability: Easy membership requirement
Evansville Teachers Federal Credit Union’s (ETFCU) high yield reward checking account, called Vertical Dividend Checking, was added to the product line more than two years ago. The initial 3.00% APY on qualifying balances up to $15k has been effect since its introduction. No dividends are paid on balances over $15k or on non-qualifying balances.
Kasasa Cash, 2.27% APY on qualifying balances up to $35k
New Buffalo Savings Bank (NBSB) has added a 24-month Bump Rate CD (1.75% APY) that allows for one rate increase during the life of the CD. The minimum opening deposit is $1k, with no stated balance cap.
As stated on NBSB’s Personal Savings page, the Early Withdrawal Penalty reads as follows:
Early withdrawals result in 6 months of interest in penalties.
Capital One increased the rates on four of its 360 CDs this morning. The 5-year CD rate had the largest increase. The APY is now 2.30%, up by 30 basis points. The 2-year CD rate also had a sizeable increase, up 15 basis points to 1.60% APY. The 18-month CD rate increased 10 basis points to 1.45% APY, and the 9-month CD rate increased 20 basis points to 0.60% APY.
Deal Summary: 1-Year Special CD, 1.36% APY; 2-Year Special CD, 1.58% APY; 3-Year Special CD, 1.81% APY; $5k minimum, new money.
New York-based M.Y. Safra Bank is currently promoting three online Special CDs: 1-Year Special CD, 1.36% APY; 2-Year Special CD, 1.58% APY; and 3-Year Special CD, 1.81% APY. All three Special CDs require a minimum $5k opening deposit of new money. M.Y. Safra Bank offers a "Jumbo" version of the Special CDs that requires a minimum $100k deposit, but the APY is...
Deal Summary: March Madness 60-Month Certificate; 3.00% APY (Advantage members); 2.25% APY (non-Advantage members); $5k min/$1m max; available through April 8, 2017.
Availability: Easy membership requirement
Now through April 8, 2017, KEMBA Financial Credit Union (KEMBA) is offering a March Madness 60-month Certificate, earning 3.00% APY for KEMBA Advantage members, and 2.25% APY for non-Advantage members. The minimum deposit is $5k, with a $1 million cap per Certificate. The offer is only valid with new money, which is defined as “money not on deposit with KEMBA in the...