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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

Bank5 Connect 24-Month Investment CD Allows Unlimited Add-On Deposits
Availability: 24-month Investment CD, 2.10% APY, $500 min, unlimited deposits throughout the term.

Availability: Nationwide, with the exception of Massachusetts and Rhode Island.

Bank5 Connect’s 24-month Investment CD (2.10% APY) is actually an add-on CD, which permits unlimited deposits anytime during the term. The Investment CD has a $500 minimum and a $500k maximum opening deposit.

I’ve written about the 24-month Investment CD three times in the past 26 months. Interestingly enough, the current 2.10% APY is the same rate offered that was offered when the November 2017...

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INOVA Federal Credit Union Adds 100 Basis Points To 18-Month IRA/CD
Deal Summary: 18-month IRA (2.50% APY), 18-month CD (2.25% APY), $200 minimum deposit.

Availability: Easy membership requirement

In the past five years, Indiana-based INOVA Federal Credit Union (INOVA) had been a prolific producer of great rates and hot deals, but in the recent past, INOVA’s rates have been somewhat lacking. As of this week, that changed with substantially increased rates (100 bps added) for the 18-month IRA (2.50% APY) and 18-month CD (2.25% APY). The minimum opening deposit for both is only $200.

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Affinity Plus Federal Credit Union Unveils Superior Money Market
Deal Summary: Superior Money Market, 2.02% APY (up to $25k), 1.00% APY ($25k+), if qualifying requirements are met.

Availability: Easy membership requirement

You may have noticed a new nationally available money market making its debut in yesterday’s Best Bank Account Rates Summary. The Superior Money Market account was added to the Affinity Plus Federal Credit Union (Affinity Plus) product line earlier this month.

While the Superior Money Market’s 2.02% APY looks competitive at first glance, there are a couple of limitations that reduce its attractiveness....

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Andrews Federal Credit Union's 13-Month CD Special A Near Rate Leader
Deal Summary: 13-month Share Certificate Special, 2.15% APY, $1k min/$250k max deposit, limit of one certificate per member.

Availability: Easy membership requirement.

Added to the product line in late September, Andrews Federal Credit Union’s (Andrews Federal) 13-month Share Certificate Special (SCS) is the newest of five SCS currently available. While its 2.15% APY wasn’t that competitive when the SCS was first introduced, it’s become more impressive as many other 1-year CD rates have fallen. Like all of the SCS, the 13-month SCS can be opened with a...

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Keesler Federal Credit Union 30-Month Step CDs Available Nationwide
Deal Summary: 30-month Step and Jumbo Step Certificates, blended APYs of 3.10% APY ($1k) and 3.20% ($100k).

Availability: Easy membership.

This blog post was prompted by a comment posted by DA reader, alan1, on this week’s CD Rates Summary.

Thank you, alan1, you are correct: Keesler Federal Credit Union (KFCU) has again expanded its field of membership (FOM) to include virtually all US citizens/resident aliens. I discuss this recent change in more detail in the "Availability" section below.

At the end of May, KFCU introduced its 30-month Step and...

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Affinity Plus Federal Credit Union 60-Month CD Is A Rate Leader
UPDATE 1/20/2020: Rate on the 60-month CD has dropped to 2.50% APY.

Deal Summary: 60-month CD (3.00% APY), 30-month CD (2.50% APY), 18-month CD (2.25% APY), $500 minimum deposit

Availability: Easy membership requirement

As I was going through last week’s rate changes in preparation for today's CD Summary, I came across some nice CD rate increases at Affinity Plus Federal Credit Union (Affinity Plus). The 18-, 30-, and 60-month CDs were increased by a uniform 25 bps over the weekend, and now earn...

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SRP Federal Credit Union Offers 9-Month CD Special Through 1/31/2020
Deal Summary: 9-month CD Special, 2.50% APY, $500 minimum deposit, new money, available through January 31, 2020.

Availability: Easy membership requirement.

Now through January 31, 2020, SRP Federal Credit Union (SRP FCU) is offering a 9-month CD Special earning 2.50% APY. The minimum deposit is $500 of “new money from another financial institution,” with no stated balance cap.

The CD Special is also offered as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

While the stated end-date is January 31, the fine...

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Patriot Bank Offers Online Money Market Nationwide
UPDATE 1/24/2020: Online Money Market now earns 2.21% APY with a rate guarantee through July 31, 2020.

UPDATE 1/16/2020: Online Money Market now earns 2.00% APY with no rate guarantee.

Deal Summary: Online Money Market, 2.26% 2.21% APY, $100 minimum opening deposit, new money, rate guaranteed through July 31, 2020 June 30, 2020.

Availability: Nationwide, excluding Connecticut and New York.

Connecticut-based Patriot Bank is currently offering a promotional Online Money Market on a nearly nationwide basis. The Online Money Market earns 2.26% 2.21% APY on...

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Connexus Offers $250 Bonus With A New Xtraordinary Checking Account
Deal Summary: $250 bonus when opening a new Xtraordinary Checking account, available through February 17, 2020.

Availability: Easy membership requirement

Now through February 17, 2020, Connexus Credit Union (Connexus) is offering a $250 bonus when opening a new Xtraordinary checking account using the promotion code, FREECHECKING. This offer is only available to members who do not have an existing Connexus checking account, or one that was closed on or after January 2, 2020, and is limited to one bonus per member.

According to the landing page, earning the...

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Financial Partners Credit Union Has 3.00% APY 60-Month Jumbo CD
Deal Summary: 60-month Jumbo CD, 3.00% APY, $100k minimum.

Availability: Easy membership requirement through the American Consumer Council or AARP; residents of Los Angeles, Orange, and San Diego Counties, and the California cities of Alameda and South San Francisco; nearly 700 Select Employee Groups.

What better way to start the New Year than with a nationally available CD offering 3.00% APY!

Although Financial Partners Credit Union’s (FPCU) 60-month Jumbo CD has been earning 3.00% APY for a few months, the easy membership requirement only became known to DA recently....

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