Bank Deals Blog: Savings & MMA Deals

Discover Bank has been offering bonuses on new Online Savings accounts for several years. The latest one offers a bonus of up to $200 when opening a new Online Savings account by April 1, 2019. Here are the bonus details:

Bonus Requirements

• Open an Online Savings account by April 1, 2019.
• Use offer code NPBE319 when applying.
• $150 bonus – fund with at least $15k by April 15, 2019.
• $200 bonus – fund with at least...

Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...

In July, Pennsylvania-based Customers Bank introduced its Ascent Money Market Savings Account (Ascent MMSA), which currently earns 2.25% APY (guaranteed through 12/31/2019) on balances of $25k+. Although it’s not readily apparent from the name, the Ascent MMSA is actually a savings account, not a money market account.

This week, a new Customers Bank savings account...

While this week’s addition of 5 bps is a modest increase, the new 2.45% APY puts MemoryBank’s Online Money Market Account (OMMA) near the top for nationally available money markets. Added to the product line about nine months ago, the OMMA has added a total of 60 bps in four rate increases. The 2.45% APY applies to balances between $0.01 and $1 million, with balances...

CFBank is once again offering a series of limited-time CD Specials: 25-month (3.15% APY), 15-month (2.95% APY), and 11-month (2.76% APY). Of the three, the 25- and 15-month CD Specials offer the most competitive rates. Any of the CD Specials can...

First Federal Lakewood (FFL) is currently offering a promotional 2.68% APY on new Select Money Market Accounts, with a one-year rate guarantee. The minimum opening deposit is $25k of new money, defined as funds “not currently on deposit with First Federal Lakewood.” There is a $1m deposit limit per household.

Promotional Rate Details

• Only...

Two years ago, My e-Banc introduced its Super Saver Money Market Account (MMA), offering 1.11% APY on all balances. Following several rate increases and restructuring, the Super Saver MMA now has tiered APYs: 2.25% APY on balances of $100k and above, and 2.00% APY on balances below $100k.

Super Saver MMA Details

• Opening Deposit – a minimum of $5k.
• Check Writing – up to six...

Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) has recently launched a savings account promotion. You can receive a $100 bonus when you deposit $10k or more in new money into a new or existing Online Savings Account within 10 days of enrollment, and maintain those funds and your current balance for 90 days. Enrollment must be done by either using the enrollment links...

Family First Federal Credit Union (Family First) is currently promoting a Money Market Special that guarantees a 2.50% APY for six months following account opening. When the six-month period has ended, the Money Market account will convert to the standard tiered APYs, which are currently 0.40% APY ($25k+), 0.45% APY ($100k+), and 0.50% APY ($500k+).

Over the past few years, BBVA Compass has occasionally offered promotional rates on its ClearChoice Money Market. The latest offering is a 2.40% APY on all balances, which is a departure from previous promotions that offered tiered APYs. The 2.40% APY is available to “new money market customers without a BBVA Compass money market in the last 30 days.” New...