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.
Virginia-based Primis Bank (Primis) has significantly increased the rate of the Primis Savings Account. Following a 98 bps increase, the Primis Savings Account currently earns 5.03% APY – currently the highest rate offered on a nationally available savings account. The fee-free Primis Savings Account can be opened with a $1 minimum deposit, with all balances earning the stated APY.
DA reader, RBB, announced the...
For a limited time, Virginia-based Signature Federal Credit Union (Signature FCU) is offering 5.00% APY on its 6-month Certificate. The minimum opening deposit is $500 with a maximum deposit of $250k. There is also a limit of one 6-month Certificate per member account.
As stated in the Share Certificate Disclosure, the Early Withdrawal Penalty for the 6-Month Certificate is 90...
AloStar Bank of Commerce (a division of Cadence Bank, formerly BancorpSouth Bank) is currently offering an 8-month CD Special earning 4.50% APY. The minimum opening deposit is $10k of new money, which is defined as being “non-AloStar or non-Cadence Bank funds.”
As an online division of Cadence Bank (Tupelo, Mississippi), AloStar Bank of Commerce offers its very limited product line to all U.S. citizens and resident aliens, 18 years or older, who have...
Now through February 28, 2023, Colorado-based Bellco Credit Union (Bellco) is offering three Promo CDs: 17-month (5.00% APY), 13-month (4.50% APY), and 6-month (3.50% APY). Of the three, the 17-month offers the most competitive rate. Any of the Promo CDs can be opened with a $500 minimum deposit, with no stated balance cap.
As stated on the Truth in Savings disclosure, the Early Withdrawal Penalty...
Prolific DA Forum poster, rockies, announced in a recent Forum post that Florida-based Pen Air Credit Union (Pen Air) has added a 28-month Certificate earning 4.75% APY to its product line. Like all of Pen Air certificates, the 28-month Certificate requires a minimum opening deposit of $500, with no stated balance cap. That’s the good news.
...Maryland-based CFG Bank (CFG) started the last full week of January by adding 10 bps to its High Yield Money Market (HYMM). Currently earning 4.25% APY, the HYMM requires a $1k minimum opening deposit and balance.
According to the Deposit Rates page and the FAQs page,
For a limited time, New Orleans-based Crescent Bank has raised the rates on its Online CDs, with the most competitive being the 30-month Online CD earning 4.65% APY. The minimum opening deposit is $1k, but to be eligible for the online rates, new money is required. In this instance, new money is defined as funds originating from a financial institution other than Crescent Bank.
...Kansas-based Brilliant Bank (internet division of Equity Bank) raised the rate on its Money Market Account (MMA) late last week. Following a 29bps increase, the MMA now earns 4.30% APY, which is currently the highest rate offered on an internet bank money...
The most recent blog post about New Jersey-based XCEL Federal Credit Union (XCEL) was in late 2019. After years of not having competitive CD rates, XCEL is offering a limited-time 18-month Promo Certificate earning a rate-leading 5.12% APY. The minimum opening deposit is $500 of new money, with no stated balance cap. “New money” is defined as “funds not...
Now through February 15, 2023, Marcus by Goldman Sachs (Marcus) is offering a $100 bonus when depositing $10k or more of new money in a new or existing Online Savings Account. The new funds must be deposited within 10 days of enrollment. At least $10k of the new funds, plus the account balance at the time of enrollment, must be maintained for 90...