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New England CU Offers National CD Deal

A small Massachusetts credit union is offering savers nationwide a good deal on a short-term CD.

Mills42 Federal Credit Union is paying 1.40% APY on a 15-month certificate of deposit with a $500 minimum deposit.

That beats the best nationally available return of 1.35% APY for 1-year CDs from the banks on our CD Rates Leaderboard.

It also earns Mills42 a spot on our roundup of the best deals from credit unions and community banks.

Mills42 membership is open to anyone who lives or works in Lowell, Massachusetts, and portions of nearby Chelmsford and Tewksbury.

But savers across the country can qualify to join simply by making a donation of at least $5 to Mothers Against Drunk Driving.

You can apply for membership and buy CDs online, by phone or at the Mills42 office in Lowell.

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Pick A Southeast Checking Account Bonus: $200 For You Or $300 For Charity

Is it better to give or receive?

That’s a question residents of five Southern states can ask themselves with a new checking account bonus from the Synovus family of banks.

pen on top of a checkbook and checkbook register

It provides two options — a $200 bonus for yourself, or a $300 bonus for one of four charities.

The bank, which is headquartered in Columbus, Georgia, operates in Georgia, Florida, Alabama, South Carolina and Tennessee under 28 names, including CB&T in parts of Alabama and Georgia, and NBSC in South Carolina.

Start by clicking here to find a Synovus-owned bank near you. Open any checking account with a minimum deposit of $100 by the end of the year.

Then within 90 days of opening an account, you must complete 15 debit card transactions, set up a recurring direct deposit of at least $1,000 and make at least one online bill payment.

Do that and a $200 bonus will be deposited in your account by April 15, or a $300 bonus will be sent in your name to one of four charities you can choose from: United Way, American Cancer Society, Wounded Warrior Project, or your local chapter of Feeding America. Click here to read more

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Iowa Deal: 14-Month CD Pays 1.4%

The 14-month special CD at Premier Credit Union is a boon for savers across central Iowa.

It pays 1.40% APY with a $10,000 minimum deposit.

Iowa quarter

That beats the top nationally available 12-month return of 1.35% APY from the banks on our CD Rates Leaderboard.

It also warrants a spot on our rankings of the best local deals from credit unions and community banks around the country.

Premier earns a solid four out of five stars from Bankrate’s Safe & Sound ratings system, and, as with all credit unions we report on, deposits are federally insured through the NCUA.

Anyone who lives or works in Boone, Dallas, Jasper, Madison, Marion, Polk, Story or Warren counties is eligible to join.

Members may buy this special certificate of deposit online or at one of four Premier branches in Des Moines, West Des Moines and Ames.

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New Jersey Deal: 1.5% On 15-Month CDs

BCB Community Bank is celebrating its 15th birthday with a special 15-month add-on certificate paying 1.50% APY.

Not only does that beat the best 12-month return from the banks on our CD Rates Leaderboard, it’s competitive with the best nationally available 24-month yields.

Although BCB’s Birthday CD is available to savers living anywhere in the U.S., a visit to one of the bank’s northern New Jersey or Staten Island branches is required to open an account.

Its 14 New Jersey branches are located in Bayonne (6), Colonia, Fairfield, Hoboken, Jersey City, Monroe Township, Rutherford, South Orange and Woodbridge.

Requiring a minimum $500 deposit, the certificate of deposit also allows for additional investments of at least $500.

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Five Banks Offer The Holiday’s Best MMAs

If you’re looking for a safe place to park your cash while the Federal Reserve continues to drag its feet over raising interest rates, take a look at our Money Market Accounts Leaderboard.

hands holding a pink piggy bank

You’ll find five nationally available MMAs paying 1.10% APY — or a little more.

EverBank pays a bonus rate of 1.60% APY for the first six months and 0.61% APY after that, for a blended annual return of 1.11% APY.

A couple of affiliated banks from Oklahoma — All America Bank and Redneck Bank — are paying 1.25% APY.

iGobanking and The Dime Savings Bank of Williamsburgh pay 1.10% APY.

Which one’s right for you? Click here to read more

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Buy Or Refinance With A 5-Year ARM From Nationwide For Just 3.00% With No Points

Nationwide is offering one of November’s best deals on 5-year adjustable-rate mortgages to borrowers throughout the nation.

It’s charging borrowers an introductory rate of just 3.00%, with no points and $1,217 in fees for purchase or refinance and a 60-day rate lock.

That’s nearly two-fifths of a percentage percentage point lower than the national average for 5/1 ARMs — 3.37% with 0.11 points, according to Bankrate’s latest survey of major lenders.

It’s also more than a full percentage point less than the average cost of a 30-year fixed-rate mortgage — 4.09% with 0.20 points in the same survey.

We think this deal will be tough to beat. But it doesn’t hurt to try.

You can get started by searching Bankrate’s database for the best mortgage rates from scores of banks and mortgage companies. Click here to read more

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Top CD Rates Begin Long Climb Back

If we’re lucky (and that’s a big if), by this time next month we’ll be celebrating the Federal Reserve’s first rate hike after an unprecedented seven years of historically low deposit returns.

Savers don’t need us to tell them they’ve suffered during this period.

Yields began to drop in the fall of 2008, sank for the next four to five years, and only in the last couple of years started very modestly creeping back upward.

But how much have rates suffered, and how much ground have we regained?

Our CD Rates Leaderboard has now tracked the top nationally available yields across the six most common terms for a full five years, having been launched in November 2010 (Happy Birthday, Leaderboard!).

So as we sit waiting in what could be the last month before the Fed kicks off a period of increasing rates, let’s rewind the clock to see what the top yields on certificates of deposit were in each of the last five years. Click here to read more

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EverBank Now Shares Top 4-Year CD Rate

EverBank has joined the slim ranks of national banks challenging E-Loan’s recent dominance in CD rates.

Its new 48-month return of 2.00% APY creates a three-way tie for the best nationally available deal among the banks on our CD Rates Leaderboard.

EverBank now shares the top 4-year lead with E-Loan and Salem Five Bank.

Operating a robust online portal and 10 branches throughout Florida, EverBank has a history of updating its rate sheet almost every Friday, and in the past has frequently moved in and out of the lead in several terms.

But in July, E-Loan raised its rates dramatically, taking command of the national lead in 1-, 2-, 3-, 4- and 5-year yields, and in some cases by almost two-tenths of a percentage point.

Since then, few banks have been able to beat or even match the new bar set by E-Loan. Click here to read more

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Nationwide Offer: 1.51% On 15-Month CDs

For anyone not already a member, USALLIANCE Federal Credit Union has a 15-month CD special that’s among the very best deals you’ll find anywhere in the country.

The 1.51% APY yield virtually matches the best nationally available 2-year return from the banks on our CD Rates Leaderboard.

Requiring a $500 minimum deposit, the two caveats on this CD promotion are that it’s only available to new USALLIANCE members, and e-statements are required.

However, existing members can take advantage of the offer if they refer someone who then joins the credit union. Click here to read more

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