Fort Bragg Federal Credit Union has some solid rates on their term share certificates, most notably the 5-year jumbo certificate at 2.99% APY ($25,000 minimum) and 2.89% APY ($5,000 minimum). Available both in regular taxable and IRAs. These are even “step-up” CDs where you can bump up the rate once if the advertised rates rise. NCUA-insured. Found via DepositAccounts. This is a relatively small credit union, so this rate probably won’t last very long. I would also expect it to require a little effort to be opened if you don’t live near their branches in North Carolina. Even their 2.99% APY is a bit odd. When it’s a loan where you pay interest, you always see APRs of 2.99% or 9.99%… [Read More...]
Does Your Teen Need a Debit Card? Greenlight Can Help Teach Money Management.
Learning how to manage money is a rite of passage for children as young as preschool in some families. But once they’re old enough to start spending and saving, Greenlight is an innovative way for parents to teach their kids about financial responsibility. Greenlight is a debit card and mobile app that lets parents restrict and monitor spending and encourage savings. “Parents can incentivize their kids to save by setting a high interest rate,” says Tim Sheehan, CEO and co-founder of Greenlight. “Across all of our parents, the average is 18% APY, which is pretty good!” Launched in January 2017 and based in Atlanta, Greenlight has helped families save over $20 million in the last three years, according to Sheehan. Teenagers with … [Read More...]
Marcus Bank $100 Bonus on $10,000 Deposit (New for 2020)
Marcus by Goldman Sachs is offering a $100 bonus if you deposit $10,000+ in new funds into their online savings account within 10 days of enrollment at this special offer page. You must enroll by 11:59pm EST on 2/11/20 and maintain the new $10,000+ deposit for 60 days. Both new and existing customers are eligible. Marcus had a very similar offer last year, but having done it in 2019 does not exclude you from doing it again in 2020 (looking at you, CIT Bank, ha). This offer is actually a bit better because their 2019 offer had a 90-day minimum holding period and this is only 60 days. After enrollment, you must deposit $10,000 or more in new funds (internal transfers won’t count) into a Marcus Online Savings Account within 10 days of … [Read More...]
CIT Bank Savings Builder $200 Deposit Bonus – Both New and Existing Customers (New for 2020)
CIT Bank has a new for 2020 Savings Builder Account deposit bonus. This time, you can get up to a $200 cash bonus depending on deposit amount, and it is again open to both new and existing customers. The bonus is on top of the interest rate, currently 1.75% APY (as of 2/4/20) at their top tier for qualifying accounts. Here are the details. Unfortunately, if you did their 2019 bonus promotion, you are not eligible for this one: PLEASE NOTE: Existing Customers enrolled in a Savings Builder bonus promotion prior to January 1, 2020, are not eligible for this promotion. New deposit bonus details. For new customers, you must first open a new account with at least $100 using promo code Bonus20 at this link. If you already had an… [Read More...]
Bask Bank Review: Earn American Miles On Your Cash Savings
Bask Bank is a new online savings account that pays you American Airlines (AA) miles instead of cash interest. Every $1 earns 1 mile a year. For example, $1,000 kept for a year would earn 1,000 AA miles at the end of the year. If you kept $50,000 there for a year, you would earn 50,000 AA miles at the end of a year. There is no minimum balance and no monthly fees. They state there is no hard credit check upon opening. Note: They do not currently offer joint accounts. Bask Bank is part of Texas Capital Bank (FDIC Certificate #34383), which also runs BankDirect. BankDirect has been giving out American Airlines miles for a while on their checking account, but with different requirements and a $12 monthly … [Read More...]
Simple Bank Bonus: $300 Bonus + 1.90% APY for $20,000 New Deposit
Bonus updated 2/5/20. Simple is one of many fintech startups adding fancy tech and smartphone app sprinkles to your vanilla checking account. They were acquired by the big European-based bank BBVA in 2014. It looks like they are trying the direct route of customer acquisition (and my favorite of course) – paying you a cash bonus! Simple has updated $150 and $300 bonuses for new accounts. They had similar bonuses in July and October 2019 that were bigger ($250/$500), but we are also in a lower interest rate environment these days. The competition is paying out less too. $150 Bonus Details ($10,000+) Open a new Simple Account by 2/15/2020 at 3:59 PM PT. Deposit(s) totaling $10,000 or more must post to the new account by 3:59PM PT 10 days … [Read More...]
Best Interest Rates on Cash – January 2020
Here’s my monthly roundup of the best interest rates on cash for January 2020, roughly sorted from shortest to longest maturities. I track these rates because I keep 12 months of expenses as a cash cushion and also invest in longer-term CDs (often at lesser-known credit unions) when they yield more than bonds. Check out my Ultimate Rate-Chaser Calculator to see how much extra interest you’d earn by moving money between accounts. Rates listed are available to everyone nationwide. Rates checked as of 1/9/2020. High-yield savings accounts While the huge megabanks like to get away with 0.01% APY, it’s easy to open a new “piggy-back” savings account and simply move some funds over from your existing checking account. The interest rates … [Read More...]
Bank of America Free Museum Tickets 2020 Dates
Bank of America is running their Museums on Us program again for 2020, which offers cardholders free admissions to 200+ museums, science centers, and botanical gardens nationwide on the first full weekend of every month (Saturday and Sunday). Each person just needs to show their valid Bank of America or Merrill Lynch credit/debit card and photo ID for free admission. Each cardholder gets one free general admission for themselves only, so be sure everyone with their own cards brings them. If you have a BofA credit card, you may consider adding family members (of any age) as a free authorized user. Another option is to open a Kids Savings Account with no monthly fee and also comes with a debit card. You may need to open this … [Read More...]