About Ken Tumin

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.

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Bank Deals Blog: Nationwide Deals

Sallie Mae Bank Ups Money Market Account (1.75% APY)
Deal Summary: Money Market Account (1.75% APY) and High-Yield Savings (1.65% APY)

Availability: Nationwide (internet bank)

As DA reader, Buckeye61, noted in a Forum post this morning, Sallie Mae Bank has bumped up several of their rates. Just like last month's rate increases, the new APYs aren’t stellar, but they certainly keep Sallie Mae Bank in the hunt.

Money Market Account

With its new 1.75% APY, the Money Market Account (MMA) continues to be Sallie Mae Bank’s most competitive deposit account. Since the beginning of the year, a...

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Congressional Bank Has Nationally Available 60-Month CD (3.10% APY)
Deal Summary: 60-month High Yield CD Special (3.10% APY), $25k minimum deposit, new money.

Availability: Nationwide

For a limited time, Congressional Bank is offering a 60-month High Yield CD Special (3.10% APY). The minimum opening deposit is $25k of new money, with no stated balance cap.

The 60-month High Yield CD Special was added to the product line a year ago, with an initial 2.25% APY. This week’s 85 bps increase was the first rate change for the CD.

As stated in the FAQs, the...

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CIT Bank Ups Money Market Account Rate To Very Competitive Level
Deal Summary: Money Market Account, 1.85% APY on all balances, $100 minimum opening deposit.

Availability: Nationwide (internet bank)

This morning, CIT Bank raised the rate of its Money Market Account by 10 bps to 1.85% APY on all balances. CIT Bank introduced the Money Market Account about two months ago on March 13th. Minimum opening deposit is $100, and there is no monthly maintenance fee. There was no rate change on the Premier High Yield Savings Account. Its rate has remained at 1.55% APY since early January.

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Personal Savings Account and CD Rate Hikes at American Express National Bank
Deal Summary: American Express Personal Savings account (1.60% APY); no minimum balance.

Availability: Nationwide (internet bank)

American Express National Bank raised its American Express Personal Savings account (Personal Savings) by 5 bps to 1.60% APY. Much larger rate increases were made to five CDs with yield gains that ranged from 35 bps to 160 bps. All five of the new CD APYs plus the new Personal Savings account APY are shown below in bold and are effective as of 5/24/2018. The previous APYs are noted inside parentheses.

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Barclays Raises Online Savings Account Rate
Deal Summary: Online Savings Account (1.65% APY); no minimum balance.

Availability: Nationwide (internet bank)

This morning Barclays raised its Online Savings Account rate by 15 bps. The new rate is now 1.65% APY. It has been exactly four months since Barclays’ last savings account rate hike. The old 1.50% APY was pretty competitive back in January, but this rate had fallen behind the competition as several other internet banks have raised their savings account rates in the last few months. It was just over a year ago when Barclays...

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Synchrony Bank Hikes Rates on CDs and IRA CDs
Deal Summary: CD rate increases, including 1-Year CD (2.25% APY) and 5-Year CD (2.85% APY)

Availability: Nationwide

Yesterday Synchrony Bank increased rates on five of its CDs. The long-term CDs had larger rate increases with the 5-year CD rate rising 25 bps to 2.85% APY. The 12-month CD rate increased 10 bps to 2.25% APY. Synchrony Bank’s best short-term CD deal continues to be its special 14-month CD which was introduced on May 1st with a 2.35% APY. The 14-month CD rate remains unchanged. This is the third round...

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Radius Bank Boosts High-Yield Savings To 1.86% APY ($25k+)
Deal Summary: Radius High-Yield Savings, 1.86% APY ($25k+), 1.50% APY ($2.5k+), 0.05% APY ($10+).

Availability: Nationwide

Radius Bank (Radius) has recently restructured its Radius High-Yield Savings account, with increased APYs and new rate tiers: 1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+).

In the past ten months, Radius has added a total of 86 bps to the High-Yield Savings top APY in five rate increases. While most of those increases were modest, keeping the account outside the upper echelons of savings accounts,...

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CD Bank Ups Nationally Available 12-Months CD (2.30% APY)
Deal Summary: CDs – 9-months (2.05% APY), 12-months (2.30% APY), 18-months (2.35% APY), 24-months (2.50% APY), $10k minimum deposit.

Availability: Nationwide (internet bank)

CD Bank, the internet division of Dallas-based TBK Bank, has just had its first year anniversary. What better way to celebrate than to raise a few CD rates. The new CD rates include, 9-months (2.05% APY), 12-months (2.30% APY), 18-months (2.35% APY), and 24-months (2.50% APY). Of the four, the 9- and 12-months CDs offer the more competitive rates. The minimum deposit...

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Connexus CU Has 12-Month CD (2.50% APY) and 60-Month CD (3.25% APY)
Deal Summary: Share Certificates – 12-month (2.50% APY), 24-month (2.60% APY), 36-month (2.75% APY), 42-month (3.00% APY), 60-month (3.25% APY), $5k minimum deposit.

Availability: Easy membership requirement

Connexus Credit Union (Connexus) was a prolific producer of competitive CDs during 2015 and 2016. Beginning in 2017, rates dropped, Share Certificate Specials dried up, and Connexus was no longer a rates race leader. This past January, Connexus made a strong showing by raising the rates on all its Share Certificates, and more importantly, offered the first nationally available...

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MemoryBank EarnMore Account (Standard Checking) Earns 1.60% APY
Deal Summary: EarnMore Account (standard checking), 1.60% APY on balances up to $250k.

Availability: Nationwide (internet bank)

In late 2016, Republic Bank unveiled its new internet division, MemoryBank, which offered a single product, the EarnMore Account, a high-yield rewards checking account. The EarnMore Account offered a promotional first-year 1.50% APY on qualifying balances up to $250k. The promotional rate became the ongoing rate in November 2017 and in February, the rate was raised to 1.60% APY. While not an outstanding rate, the large $250k balance cap...

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