Bank Deals Blog: Savings & MMA Deals

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...