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 as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents .

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Bank Deals Blog: Nationwide Deals

Garden Savings FCU Has Nationally Available 2-Year CD (2.02% APY)
Deal Summary: 2-year Share Certificate, 2.02% APY, $500 minimum deposit

Availability: Easy Membership Requirement

At the end of last week, New Jersey-based Garden Savings Federal Credit Union (Garden Savings FCU) added 51 bps to its 24-month Share Certificate (2.02% APY). The minimum opening deposit is $500, with no stated balance cap.

Even though it is not marked as such, CSR stated the 2.02% APY is a “special rate” and hinted it may not last long. A year ago, the 2-year Share Certificate also offered a...

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CD Bank Ups Nationally Available Short-Term CD Rates
Deal Summary: 9-month CD (1.40% APY), 12-month CD (1.65% APY), 18-month CD (1.75% APY), $10k minimum deposit

Availability: Nationwide (internet bank)

In May, Dallas-based TBK Bank launched CD Bank, its new internet division. As you might guess, CD Bank only offers CDs. Over the weekend, CD Bank raised the rates on most of its product line, with the most competitive CDs being the 9-month (1.40% APY), 12-month (1.65% APY), and 18-month (1.75% APY). The minimum deposit is $10k, with no stated balance cap.

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12-Month Senior Citizens' CD (1.71% APY) at State Bank of India
Deal Summary: 12-Month Senior Citizens’ CD, 1.71% APY, $100k min/$500k max, account holder(s) must be at least 60 years of age at time of application.

Availability: Nationwide

New York-based State Bank of India (SBI) offers a line of Senior Citizens’ CDs, which can be opened by individuals 60 years or older. Joint accounts are available, but “each of the account holders to meet the eligibility criterion separately.” In other words, all named account owners have to be at least 60-years old at the time of application.

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Competitive Rates on Money Market and 30-Month CD at EBSB Direct
Deal Summary: Money Market Direct, 1.39% APY ($50k+), 0.20% APY ($5k-$50k), minimum $5k opening deposit of new money. 30-month CD, 2.21% APY, $1k minimum deposit, new money, limited-time offer.

Availability: Nationwide (internet bank)

From 2010 to 2016, EBSB Direct offered a Money Market account with rates that ranged from 0.80% APY to 1.30% APY. In May 2016, EBSB Direct introduced its Money Market Special 2 (1.08% APY, $10k+), while still maintaining the original Money Market (0.92% APY). In October 2016, EBSB Direct unveiled its Money Market...

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AgFed Credit Union 30-Month No Penalty CD Returns
Deal Summary: No-Penalty 30-month Certificate, 1.85% APY, one penalty-free withdrawal during the term, $1k minimum deposit, new money.

Availability: Easy membership requirement.

In March 2017, AgFed Credit Union (AgFed) brought back its 30-month No Penalty Certificate for a limited time. AgFed is again offering the No Penalty Certificate (1.85% APY), with a rate 30 bps higher than the March offering. As before, this is a limited-time offer that requires new money. The minimum opening deposit is $1k, with no stated balance cap. According to the promotion page,...

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SFGI Direct Increases Savings Account Rate (1.31% APY)
Deal Summary: Savings account, 1.31% APY, $500 minimum opening deposit

Availability: Nationwide (internet bank)

Last week SFGI Direct raised the rate on its Savings Account by 10 bps to 1.31% APY. This is the third rate hike from SFGI Direct since June. Before that June rate hike, the APY was 1.06% and had been at 1.06% since June 2015. The account has a long history of remaining competitive. In fact, out of all of the nationally-available savings and money market accounts which currently have rates of at least 1.30% APY,...

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UFB Direct Boosts Money Market Savings To 1.41% APY
Deal Summary: Money Market Savings, 1.41% APY, $5k minimum opening deposit.

Availability: Nationwide (internet bank)

UFB Direct has raised the rate on its Money Market Savings to 1.41% APY. The 121 bps increase is the first rate change for the Money Market Savings in more than four years. The minimum opening deposit is $5k.

According to the Disclosure and Agreements brochure, there is a $10 monthly maintenance fee if the daily average balance drops below $5k. If the Money Market Savings is closed mid-cycle, any accrued interest...

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CapFed Savings Bank Traditions CD Specials - This Week Only
Deal Summary: Traditions CD Specials - 50-month (2.25% APY), 27-month (1.70% APY), 14-month (1.35% APY); $1k minimum deposit; only available September 11-16, 2017.

Availability: Nationwide

Now through September 16, 2017, Capitol Federal Savings Bank (CapFed) is offering three Traditions CD Specials: 50-month (2.25% APY), 27-month (1.70% APY), and14-month (1.35% APY) . Of the three, the 50-month is the most competitive. The minimum deposit is $1k, with no stated balance cap.

All three Traditions CD Specials are available as IRAs (Traditional, Roth, CESA) earning the same...

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CIT Bank's Premier High Yield Savings Now Earns 1.35% APY
Deal Summary: Premier High Yield Savings, 1.35% APY up to $100k, 1.30% APY for $100k+.

Availability: Nationwide (internet bank)

The rising rates race continues, with the latest increase coming from CIT Bank, which just added 5 bps to each of the Premier High Yield Savings account’s rate tiers. Tier 1 now earns 1.35% APY on balances up to $100k and Tier 2 earns 1.30% APY on balances over $100k. According to the fine print on the Premier High Yield Savings promotion page,

For example: A balance of $95,000...

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American Heritage FCU Has Nationally Available 48-Month CD (2.26% APY)
Deal Summary: 48-month Share Certificate, 2.26% APY, $1k minimum.

Availability: Easy membership requirement

In the past ten days, American Heritage Federal Credit Union (American Heritage) has had two rate increases on its 48-month Share Certificate (2.26% APY), adding an addition 50 bps. This is the first rate increase for the 48-month Share Certificate in more than a year. The minimum opening deposit is $1k, with no stated balance cap.

The 48-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA) earning the same APY,...

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