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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.


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Bank Deals Blog: Savings & MMA Deals

Patriot Bank Online Money Market Rate Guaranteed Through 4/30/2020
Deal Summary: Online Money Market, 1.75% APY, $100 minimum opening deposit, new money, rate guaranteed through April 30, 2020.

Availability: Nationwide, excluding Connecticut and New York.

Connecticut-based Patriot Bank is once again accepting applications for its Online Money Market, which is available on a nearly nationwide basis. Unfortunately, the promotional rate and guarantee period have gone down quite a bit since I first wrote about this promotion in January. It’s definitely not the deal that it used to be. In today’s environment, I think most readers will want a...

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CIBC Offers Bonus of Up to $400 on Its Agility Savings Account
Deal Summary: $200 or $400 bonus when opening a new CIBC Agility Savings account, available through March 16, 2020.

Availability: Nationwide (online-only account)

As rates fall on savings accounts, a cash bonus is a good way to offset the lower interest rates. For banks, a bonus can be a good way to attract new savings account customers without having to pay a high rate. The latest bank to offer a cash bonus on its online savings account is CIBC Bank USA (CIBC). It’s offering a cash bonus of up...

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CIT Bank Unveils $150/$300 Savings Builder Bonus
Deal Summary: $150 or $300 bonus when opening a new Savings Builder account, available through May 30, 2020.

Availability: Nationwide (internet bank)

If you experienced a little DA déjà vu when you read the above Deal Summary, that’s probably because I wrote about a previous CIT Bank Savings Builder bonus about three weeks ago.

Now through May 30, 2020, CIT Bank is offering a cash bonus of $150 or $300 when opening a new Savings Builder account using promo code “Spring20.” (This new-and-improved bonus is definitely an upgrade on...

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Listerhill Credit Union (AL) Unveils New Money Market Account
Deal Summary: Money Market, 2.02% APY ($100k), 1.36% APY ($50k), 1.00% APY ($10k), 0.45% APY (up to $10k), rates guaranteed through April 30, 2020.

Availability: Residents of 12 northwest Alabama counties and Maury County, Tennessee.

At the beginning of the month, Listerhill Credit Union (Listerhill CU) unveiled its new Money Market, which has tiered APYs based on four deposit levels. The top rate is a competitive 2.02% APY on balances of $100k and above, and is guaranteed through April 30, 2020.

The rates for balances below...

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CFG Bank High Yield Money Market Available Nationwide
Deal Summary: Online CFG High Yield Money Market, 2.15% APY ($25k+), 2.05% APY ($1k+), new money.

Availability: Nationwide through online application.

As DA reader, enduser, pointed out in a Forum post yesterday, CFG Bank (CFG) is still offering competitive rates on its Online CFG High Yield Money Market: 2.15% APY ($25k+) and 2.05% APY ($1k+). The minimum opening deposit is $1k and new money is required.

The High Yield Money Market’s initial rate in October 2019 was an extremely competitive 2.50% APY ($25k), which unfortunately lasted...

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SECU (MD) Money Manager Account Has 6-Month Rate Guarantee
Deal Summary: Money Manager Money Market, 2.05% APY, $10k minimum opening deposit of new money, $5 million maximum deposit, 6-month rate guarantee.

Availability: Affiliation (current or past) with more than 1,400 Maryland employers, more than 300 Maryland state agencies, and 45 different Maryland schools.

Now through March 31, 2020, SECU is offering a promotional rate on new Money Manager accounts. Balances between $10k and $5 million will earn 2.05% APY, with the rate guaranteed for six months following account opening. If the account balance exceeds $5 million...

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Earn Up To $500 When Opening a New 360 Performance Savings
Deal Summary: Bonus between $100 and $500 when opening a new 360 Performance Saving account with $10k-$50k deposits of new money.

Availability: Nationwide through online application.

Now through March 31, 2020, Capital One is offering a bonus of up to $500 when opening a new 360 Performance Savings account.

Qualification requirements are straight-forward and include,

  • Open a new 360 Performance Savings account by March 31, 2020, using promo code NEW500.
  • Deposit $10,000–$50,000 or more of new money within 10 days of account opening (Initial Funding Period).
  • Maintain the required daily balance within a...
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CIT Bank Has $100/$200 Bonus On New Savings Builder Account
UPDATE: CIT Bank came out with a new $300 bonus. Please refer to this promotion summary for details.

Deal Summary: $100 or $200 bonus when opening a new Savings Builder account.

Availability: Nationwide (internet bank)

Now through April 16, 2020, CIT Bank is offering a cash bonus of $100 or $200 when opening a new Savings Builder account (using promo code “Bonus20”). The bonus amount is dependent on the amount of the initial deposit. New money is required for the initial deposit and is defined as “funds...

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First Foundation Bank Online Savings APY Remains Competitive
Deal Summary: Online Savings, 2.00% APY, $1k min/$3 million max deposit/balance, new money.

Availability: Nationwide through online application.

In October, California-based First Foundation Bank (First Foundation) unveiled its Online Savings account, which initially earned 2.40% APY. There was no rate guarantee offered, and as I stated in an earlier blog post, “only time will tell if it [APY] will remain competitive over the long run.” The long run turned out to be rather short, as the rate for new accounts dropped to 2.00% APY...

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Sharon Bank (PA) High Yield Money Market Has 6 Month Rate Guarantee
Deal Summary: High Yield Money Market, 2.15% APY, $25k minimum deposit/balance, six month rate guarantee.

Availability: Market area includes Delaware County and the Philadelphia metro area.

About a year ago, I wrote about a 39-month Promo CD (3.50% APY) offered by Pennsylvania-based Sharon Bank. In that blog post, I noted that the Bank’s High Yield Money Market had an introductory 2.15% APY guaranteed for six months. While the rate on the 39-month Promo CD has been cut in half (1.75% APY), the High Yield Money Market...

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