tag:blogger.com,1999:blog-111038402024-03-07T19:17:40.978-08:00Bank Deals - Best Rates and DealsBank Deals was started by a guy who enjoys searching for the latest banking deals and the best rates.Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.comBlogger6499125tag:blogger.com,1999:blog-11103840.post-23164658387871420602010-06-11T05:10:00.000-07:002010-06-11T05:11:31.625-07:00New Home of Bank Deals is at DepositAccounts.comThe Bank Deals Blog has moved to DepositAccounts.comBanking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-44548390440027181372010-01-15T18:23:00.000-08:002010-01-15T19:16:49.806-08:00Three Banks Failed Today - FDIC Wasn't Able To Find a Buyer for OneThere were three bank failures today. That brings the total for the year to four. The first two that failed were small. One was in Illinois and the other in Minnesota. The FDIC was able to find buyers who agreed to assume all deposits of these two failed banks.The third bank to fail was Barnes Banking Company in Utah. Unlike the first two, the FDIC couldn't find a buyer. It must have been in bad Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-75915005842749775512010-01-15T12:00:00.000-08:002010-01-15T12:04:26.405-08:00Update on ING Direct BonusesING Direct has another $50 promotion for opening a new Electric Orange Checking account. The promo page is located at www.ingdirect.com/electric50, and the new reference code is EM423. This offer is scheduled to end on 1/31/2010. To qualify for this promo, you have to be an existing ING Direct customer without an Electric Orange account. Credit for this find goes to FW member karatz who mentionedBanking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-38059354530312631682010-01-15T07:37:00.000-08:002010-01-15T07:39:40.579-08:002.50% 25-Month CD Continues at First Financial Bank in OH, IN & Other States - Local OnlyFirst Financial Bank continues to offer a special 25-month CD with a 2.50% APY. Minimum deposit is $10,000, and new money is required. This special is not listed at the bank's website. I just called the bank to confirm the rate. According to the CSR, this special is available at all branches. The CSR didn't know how much longer it would last, but they usually update rates on Tuesdays.A branch Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-66266884218598392862010-01-15T07:35:00.000-08:002010-01-15T07:37:40.762-08:003.51% Reward Checking Account at Aspire FCU - Available NationwideAspire Federal Credit Union is offering a high-yield reward checking account called Kasasa Cash. It has the following rates and features if certain monthly requirements are met:3.51% APY on balances up to $25,0001.01% APY on portion of balance over $25,000Reimburses up to $25 in ATM fees nationwide per monthThe monthly requirements include:12 debit card purchases1 Automatic Payment or Direct Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-29690931826470170482010-01-15T05:59:00.000-08:002010-01-15T06:03:07.044-08:00Ally Bank Launches an Interest Checking AccountAlly Bank has added a checking account to its online products. It's an interest checking account that currently pays 1.15% APY on balances over $15K and 0.50% APY on smaller balances. Some important features include:No minimum balance or monthly feesFree Online Bill PayFree standard checks and no limit on check writingYou can use any ATM worldwide and Ally will automatically refund ATM fees Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com5tag:blogger.com,1999:blog-11103840.post-2052650375058927362010-01-14T10:20:00.000-08:002010-01-14T10:24:42.035-08:00BankDeals Transition to DepositAccounts.com Is Fast ApproachingWe're just about ready to transition the BankDeals blog to DepositAccounts.com (we plan to have it done by late Friday night). In the last month, my technical partner and I have spent quite a bit of time to ensure that the new site will have all of the features of the current blogspot blog, with some additional new and improved features in the works (as an overview reminder, see my post about Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com10tag:blogger.com,1999:blog-11103840.post-16948756258242290582010-01-14T06:55:00.000-08:002010-01-14T07:02:31.884-08:00$100 Checking Account Bonus and an Online Savings Account at Bank of the WestBank of the West has brought back its $100 checking account bonus. This new bonus is available until 2/19/2010, and like the last one it allows either direct deposit of at least $250 or 10 online bill payments. The promotion details are listed in the bank's promotion page. Some important details mentioned in the small print include:Open any new personal checking accountFirst recurring direct Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com6tag:blogger.com,1999:blog-11103840.post-45680812004796727152010-01-13T14:04:00.000-08:002010-01-13T14:10:21.676-08:00Ally Bank Plans to Launch a Checking Account by End of This WeekA reader mentioned this news about Ally's new checking account, and I just confirmed it with a CSR via Ally's online chat. Unfortunately, the CSR didn't have any additional details. Here's what the CSR said:It will be introduced by the end of the week. We don't have many details other than it will be a checking account.If it's like the checking accounts at other online banks, the rate will Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com9tag:blogger.com,1999:blog-11103840.post-80859039366745360362010-01-13T07:00:00.000-08:002010-01-14T21:40:44.581-08:00Changes in ShoreBank Direct's Savings AccountUpdate 1/14/10: Rates have fallen. New rates are 1.09% APY for under $100K and 1.25% APY for $100K+. Note how close these are to the FDIC rate caps.ShoreBank Direct recently sent letters to its customers informing them of a new tiered rate structure for the online savings account. Here's an excerpt of the letter:In order to provide ongoing flexibility in the ShoreBank Direct Online Savings Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com2tag:blogger.com,1999:blog-11103840.post-82326304628540508242010-01-12T22:17:00.000-08:002010-01-12T22:21:37.360-08:002.50% 9-Month CD at Dime Savings Bank in New YorkDime Savings Bank has replaced its $300 checking account bonus with a special 2.50% APY 9-month CD. Minimum deposit is $500, and the maximum is $50,000. New money is required. And here's an important requirement as shown in the small print:To be eligible for this promotional CD rate offer, customer must also either open a new Prime Dime Rewards Checking or Dime Rewards Checking account and Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com5tag:blogger.com,1999:blog-11103840.post-46158302402752481252010-01-12T06:08:00.000-08:002010-01-12T21:20:43.889-08:00$150 Checking Account Bonus at PlainsCapital Bank - Texas OnlyPlainsCapital Bank is offering up to $150 for opening a checking account with direct deposit. The bonus is listed in the bank's special offers page. Account must be opened by 2/19/2010. Some of the important details listed in the small print include:To qualify for the $50 bonus, you must open a new PlainsCapital Bank Free Checking Account by Feb. 19, 2010, with a minimum deposit of $50 in new Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com5tag:blogger.com,1999:blog-11103840.post-34291317632560372812010-01-12T05:31:00.000-08:002010-01-12T05:34:41.026-08:005.12% Reward Checking Account at Bank of the Southwest in NM - Local OnlyBank of the Southwest is offering a high-yield reward checking account called True Checking. It has the following rates if certain monthly requirements are met:5.12% APY on balances up to $25,0000.25% APY on portion of balance over $25,0000.25% base rate if requirements are not metThe monthly requirements include:15 debit card purchases (credit based)1 direct deposit or online bill pay or Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com8tag:blogger.com,1999:blog-11103840.post-41685976978545502682010-01-12T05:29:00.000-08:002010-01-13T20:13:13.653-08:004.00% 60-Month CD & 2.30% 18-Month CD at Hanover Community Bank in NY - Local OnlyUpdate 1/13/10: The CD rates have fallen. Please check the bank's website for the latest rates.Hanover Community Bank is offering three competitive CDs: a 2.30% APY 18-month CD, a 2.75% APY 36-month CD and a 4.00% APY 60-month CD. Minimum deposit is $500. These rates are listed at the top of the bank's personal banking page as of the morning of 1/12/2010.It appears a branch visit is required to Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-73183648659034377182010-01-11T07:06:00.000-08:002010-01-11T07:13:10.936-08:00The Hidden Costs of Reward CardsThis NYT article, The Damage of Card Rewards has an interesting discussion of the hidden costs of using reward credit cards. It's not the direct cost that consumers pay, but the cost paid by the merchants. Here's how the article describes the issue:For several years, I’ve wondered whether my aggressive pursuit of credit card rewards made me a selfish consumer.After all, the 1 to 3 percent or moreBanking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com13tag:blogger.com,1999:blog-11103840.post-52007710415448191392010-01-11T07:03:00.000-08:002010-01-11T07:06:50.310-08:002.55% 22-Month CD at First Commercial bank of Florida - Local OnlyFirst Commercial Bank of Florida has another CD promotion with a some competitive rates for this week. The special CDs include a 1.55% APY 6-month CD, a 2.05% APY 16-month CD and a 2.55% APY 22-month CD. Minimum deposit is $1,000, and the maximum is $99K. As is common with this bank, the rates are not listed at the bank's website. I had to call the bank today. These special CD rates typically Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-29101044889474558562010-01-10T11:11:00.000-08:002010-01-10T11:20:47.533-08:00Update on Ally Bank's CD Renewal BonusIf you have an Ally Bank CD that is maturing, you may want to contact Ally Bank and see if they'll offer you a renewal bonus. As I mentioned in December, readers have reported receiving loyalty bonuses that are 0.50% over their currently posted rates. A 0.50% retention bonus was also recently mentioned in this BestCashCow post. I tried to get more info from an Ally CSR, but if you don't have a Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com18tag:blogger.com,1999:blog-11103840.post-22240370892642267282010-01-10T11:05:00.000-08:002010-01-10T11:11:19.733-08:003.00% No-Penalty 60-Month IRA CD at Agriculture FCU - Easy MembershipAgriculture FCU is again offering a special No-Penalty Certificate. However, unlike last year's no penalty CDs, this one is only for an IRA certificate. The special has a 60-month term with a 3.00% APY. This is a little low for a 5-year term, but since it's a no-penalty CD, that shouldn't be an issue. Minimum deposit is $1,000. This special is listed in AFCU's IRA page as of 1/10/2010 and is Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-75080582936503753872010-01-10T11:01:00.000-08:002010-01-10T11:05:32.414-08:002.30% 21-Month CD at Worthington Federal Bank in Alabama - Local OnlyWorthington Federal Bank is offering a fairly competitive CD special. It's a 2.30% APY 21-month CD. Minimum deposit is $1,000. The bank also has some competitive standard CDs including a 2.05% APY 18-month CD and a 1.85% APY 12-month CD. These rates are listed in the bank's deposit rate sheet as of 1/10/2010.The bank also offers a high-yield reward checking account without a balance cap. As you Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-63203634886388349982010-01-09T18:25:00.000-08:002010-01-09T18:27:27.529-08:00Bank Deals Weekly Summary for January 9, 2010Hot Deals, Quick Link for Rates, Recap of this week's postsWill we see rising interest rates in 2010? As described in this Bloomberg article, there are expectations from economists that we'll see a slow rise in the second half of this year:Economists expect the U.S. central bank to raise the benchmark federal funds rate from close to zero in the third quarter of this year, according to the medianBanking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com6tag:blogger.com,1999:blog-11103840.post-41548495907006233072010-01-08T19:51:00.000-08:002010-01-08T20:22:37.794-08:00Review of the First Bank Failure of 2010 - Horizon Bank in Washington StateThe first bank failure of 2010 happened today. Horizon Bank, Bellingham, WA was closed by state regulators, and the FDIC arranged for Washington Federal Savings and Loan Association to assume all deposits.The FDIC is starting early this year. The first bank to fail in 2009 was on January 16th. Horizon Bank was the only closure today. If we see as many or more closures than last year, future Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-23562380928221591722010-01-08T07:02:00.000-08:002010-01-08T07:06:36.105-08:00$150 Checking Account Bonus at BBVA Compass (available in AL, AZ, CO, FL, NM & TX)BBVA Compass Bank is offering a bonus of up to $150 for opening a new checking account, using online bill pay and direct deposit. Here's the promotion page link. To earn the first $75 requires the use of Online Bill Pay. The second $75 requires direct deposit. The new checking account must be opened by 2/28/2010. Here are the details:Earn up to $75 when you use online bill payOpen a new Compass Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com10tag:blogger.com,1999:blog-11103840.post-12579192629078227812010-01-08T07:00:00.000-08:002010-01-08T07:02:02.417-08:002.10% 6-Month CD and other Competitive CD Rates at Atlanta Postal Credit Union - Local OnlyAtlanta Postal Credit Union continues to offer very competitive short-term CD rates. These include a 2.00% APY 3-month CD, a 2.10% APY 6-month CD and a 2.25% APY 12-month CD. Below is a list of the CD rates listed in the credit union's rate table as of 1/08/2010.2.00% APY 91-day2.10% APY 6-month2.25% APY 12-month2.50% APY 24-month2.50% APY 30-month2.75% APY 36-month3.00% APY 48-month3.25% APY Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-44541800515464229742010-01-08T06:58:00.000-08:002010-01-08T07:00:07.473-08:002.40% 18-Month CD & 3.40% 44-Month CD at Crescent Bank & Trust in Louisiana - Local OnlyCrescent Bank & Trust has several competitive CD rates. There are five CD specials, but many of its standard CDs are actually more competitive. These include a 2% APY 12-month CD, a 2.40% APY 18-month CD and a 3.15% APY 36-month CD. Minimum deposit is $1,000. The most competitive CD special is the 44-month CD with a 3.40% APY. Minimum deposit is $5,000. These rates are listed in the bank's Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-36704535039510862962010-01-08T06:56:00.000-08:002010-01-08T06:58:15.888-08:002.00% 12-Month CD at RTN Federal Credit Union in MARTN Federal Credit Union is offering a 2.00% APY 12-month certificate. Minimum deposit is $50,000. Balances from $1K to under $50K earn only 1.55% APY. It's also available as an IRA CD. These rates are listed in the credit union's rate table as of 1/08/2010.In addition to select employee groups, you can also qualify for membership in this credit union if you belong to certain organization groups.Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0