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.
POSTED ON THURSDAY, SEPTEMBER 5, 2019 BY KEN TUMIN
Deal Summary: MAX-Yield Money Market Account, 2.20% APY, 13-month rate guarantee, $5k min/$250k max deposit, new money.
Availability: Easy membership requirement
Pennsylvania-based Sun East Federal Credit Union (Sun East) started September by offering a new version of its MAX-Yield Money Market Account. The latest MAX-Yield MMA earns 2.20% APY (guaranteed for 13 months following account opening) on balances between $5k and $250k. The minimum opening deposit is $5k of new money, defined as not being “existing Sun East Funds or Sun East transferred funds.”
Availability: High-Yield Savings, 2.46% APY, $25 min deposit. 9-month CD, 2.30% APY, $500 min deposit. 12-month CD, 2.60% APY, $500 min deposit.
Availability: Internet bank
To quote DA reader, redwilli1, “Has anyone heard of BrioDirect HYS 2.46% APY?”
BrioDirect, the new online division of Sterling National Bank, has unveiled its product line, which consists of a savings account and two short-term CDs. While not offering outstanding rates, the High-Yield Savings (2.46% APY), 9-month CD (2.30% APY), and 12-month CD (2.60% APY) are nonetheless competitive.
Deal Summary: Jersey First eSavings, 2.50% APY on balances up to $50k, 1.875% on balances between $50k and $250k, one-year rate guarantee, $100 minimum opening deposit, must be first and only Amboy Direct account, limit of one account per household.
Availability: New Jersey residents through online application
It’s been more than two years since Amboy Direct offered anything blog worthy. The New Jersey-based internet bank recently introduced the Jersey First eSavings account, which looked competitive at first glance: 2.50% APY, guaranteed for one year. Great –...
Deal Summary: Kasasa Cash, 3.00% APY up to $15k; Kasasa Saver, 2.35% APY up to $35k.
The Kasasa brand is part of Buckeye State Bank’s (BSB) product line, including a Free Kasasa Cash Checking account that earns 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.02% APY.
At least 12 monthly debit card purchases.
Enrolled in online banking and at least one login per month.
The Kasasa Cash account has no minimum balance requirement...
Availability: Splish Splash Savings, 2.25% APY, $2.5k min/$250k max deposit, new money, one year rate guarantee, limit of one per household.
Availability: Residents of Michigan’s Lower Peninsula.
Consumers Credit Union (Consumers CU) has unveiled the Splish Splash Savings account, which earns a “cool” 2.25% APY on balances between $2.5k and $250k. The 2.25% APY is guaranteed for one year following account opening, contingent on maintaining a minimum balance of $2.5k and a maximum balance of $250k. The minimum opening...
Betterment is the latest investment company to offer a high-yield savings account. In June, I wrote about the investment company Wealthfront and their high-yield savings account, what they call their FDIC-insured Cash Account. Last month Betterment introduced the Betterment Everyday Savings. Like the Wealthfront account, the Betterment Everyday Savings is technically not a savings account. It is a cash management account in which deposits are swept into FDIC-insured accounts at program banks.
Deal Summary: Ultimate Savings, 2.55% APY on all balances, $5k minimum opening deposit
Availability: Nationwide (internet bank)
As DA reader, IvoryMale, noted in a Forum post yesterday, Popular Direct has unveiled yet another savings account, the Ultimate Savings Account, which currently earns 2.55% APY. The minimum opening deposit is $5k, although the minimum balance to earn the stated APY is only $0.01.
Popular Direct has a history of creating a new savings account with a higher rate to attract new customers and/or new money, leaving...
Deal Summary: Statement Savings, 2.25% APY, rate guaranteed for 12 months, minimum opening deposit of $1k of new money.
Availability: Nationwide through online application.
Formally known as Barrington Bank & Trust Company, N. A., Barrington Bank is offering a limited-time special rate of 2.25% APY on its Statement Savings, which is guaranteed for 12 months following account opening. The minimum opening deposit is $1k of new money.
The fine print on the Rate Sheet reads,
When I asked the Barrington Bank Private Banker what exactly “certain instances” entailed, I...
Availability: Easy membership requirement; active and retired military; federal employees in Massachusetts; 250+ SEGs.
For the last eight months, Hanscom Federal Credit Union (Hanscom FCU) has been offering 3.00% APY on its 19-month CD Special. As rates have declined lately, the 19-month CD Special had become more competitive, rising from seventh place in the January CD Rates Summary to the top spot beginning in late May. Following last week’s rate drop to 2.75% APY, the 19-month CD Special...
Deal Summary: Receive a 1% cash bonus of up to $500 for new deposits of $1k+ into a new or existing Online Savings Account.
Goldman Sachs Bank USA (Marcus) has recently launched a new savings account promotion which allows you to earn up to $500. It’s similar to their March promotion, but this one allows you to earn a lot more. The only mention of this promotion is on this Marcus landing page, which has the following promotion summary:
With interest rates starting to fall, bonuses might become a...