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.


Popular Posts

Bank Deals Blog: Nationwide Deals

Primis Bank's Savings Account Is First To Reach 5%
Deal Summary: Primis Savings Account, 5.03% APY, $1 minimum deposit. Primis Checking Account, 5.03% APY, $1 minimum deposit.

Availability: Nationwide through online platform.

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...

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Signature Federal Credit Union 6-Month CD Has Rate-Leading APY
UPDATE 1/31/2023: EXPIRED, no longer available.

Deal Summary: 6-month Certificate, 5.00% APY, $500 min/$250k max deposit, limit of one Certificate per account.

Availability: Easy membership requirement

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...

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AloStar Bank of Commerce Introduces Competitive 8-Month CD Special
Deal Summary: 8-Month CD Special, 4.50% APY, $10k minimum deposit, new money.

Availability: 41 states

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.”

Availability

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...

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Bellco Credit Union Unveils Competitive 17-Month Promo CD
Deal Summary: 17-month Promo CD, 5.00% APY, $500 minimum deposit, available through February 28, 2023.

Availability: Easy membership requirement

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...

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Pen Air Credit Union Introduces Competitive 28-Month CD
Deal Summary: 28-month CD, 4.75% APY, $500 minimum deposit. 15-month Add-On CD, 4.00% APY, unlimited deposits, $500 minimum deposit.

Availability: Easy membership requirement; military relationship; 15 Florida counties and two Alabama counties.

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.

...
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CFG Bank High Yield Money Market Rate Edges Upward
Deal Summary: High Yield Money Market, 4.25% APY, $1k minimum opening deposit. 12-month CD, 4.75% APY, $500 min/$250k max deposit.

Availability: Nationwide through online application

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,

  • There is no checking writing or ATM card associated...
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Crescent Bank 30-Month CD Is New Rate Leader
Deal Summary: 30-month Online CD, 4.65% APY, $1k minimum deposit, new money.

Availability: Nationwide through online application

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.

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Brilliant Bank Money Market APY Boosted To New-Rate Leading Level
UPDATE 1/23/2023: Existing Money Market Account holders should call and request the 4.30% APY be applied to their MMA. See details below.

Deal Summary: Money Market Account, 4.30% APY, $1k min/$500k max deposit and/or balance.

Availability: Nationwide, with the exception of Arkansas, Kansas, Missouri, and Oklahoma.

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...

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XCEL Federal Credit Union Unveils Rate-Leading 18-Month Promo CD
UPDATE 1/26/2023: 18-month Promo Certificate earning 5.12% APY is no longer available.

Deal Summary: 18-month Promo Certificate, 5.12% APY, $500 minimum deposit, new money.

Availability: Easy membership requirement

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...

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Marcus by Goldman Sachs Brings Back $100 Online Savings Bonus for 2023
Deal Summary: $100 bonus when depositing at least $10k of new funds in a new or existing Online Savings Account.

Availability: Nationwide (internet bank)

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...

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