Dedicated to Deposits: Deals, Data, and Discussion

Finding the Best Bank Rates and Deals #3

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This post is intended to be a place where readers can share the best bank deals. Your help is much appreciated. Also, I'm including a list of the websites that provide the best lists of CD and money market rates. This is intended to be a place where you can start your search for the best bank deals.

This is the third finding-the-best-deals post. The last one was getting too long.

In your comment, please include the link to the deal. If the deal is not on the bank's website, please include the source of the deal (i.e. a New York Times newspaper ad, a sign at a local bank, etc.)

I'll try my best to post on the deals, and I'll be sure to give you credit. If you want to remain anonymous, simply comment as an anonymous user and/or email me at bankdeals at gmail dot com.

Don't worry about being absolutely sure that a deal is new and worthwhile. It's often hard to find all the small print or to find if the deal has already been posted. One tip to see if the deal has already been posted is to use the search box at the top of this page or do a search of my archive page.

Comments
215 comments.
Comment #1 by Anonymous posted on
Anonymous
This is great having a comprehensive list of various posts, but I am a "tried and true" follower of your Bank Deals. I first discovered your page from my Money Magazine. I have followed your advice and so far it hasn't let me down. Thanks again.

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Comment #2 by Anonymous posted on
Anonymous
After checking Fat Wallet I saw liberty Pointe Bank in NY is offering a 6% 1 yr CD. They are FDIC insured #58071 but appear to have only opened in November of 2005.

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Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the support.

About LibertyPointe Bank, I have more info on this CD special here. As you mentioned, it is a new bank. But that's probably one reason why they're having such a good promotion.

1
Comment #5 by Sidd (anonymous) posted on
Sidd
This might not be the place to ask but what is your estimation on I bond yields on 1 November?

1
Comment #6 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the links. I list bankbestrates for checking and savings accounts, but for some reason I missed it for CDs.

About I Bond rates for next November, for the last 3 months, inflation has been high. If the next 3 months have the same inflation, we'll see the inflation component be about 6.2%. More likely it'll be between 3.1% and 6.2%. The higher the inflation component, the less likely we'll see a rise in the fixed component (based on last November). My guess is a 4.5% inflation component and a 1.5% fixed for a composite rate of 6%.

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Comment #7 by Anonymous posted on
Anonymous
Amboy Direct’s Premium Online Savings Account 5.15%.

http://amboydirect.com/premiumsavings

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Comment #8 by Bill in California (anonymous) posted on
Bill in California
Westren Financial Bank has closed its Online Money Market Plus account to new enrollment. The account currently yields 4.60% apy.
If you scroll down the savings rates window you will see this.
Also, they will no longer open a cd account online. I called the csr
about opening a 3 month cd online and she said those can no longer be opened online, you have to go into the branch to open them.
I am wondering if this is due to the buyout by Wachovia and the first of several changes to come,
not for the better.

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Comment #9 by Anonymous posted on
Anonymous
Question: Just obtained a large chunk of $'s. Would you put the money in a 6 or 12 Mo. 6%APY CD or maybe longer term? I've been going with short term CD's for quite a while and now do you think we should be going to long term? I remember the years, ages ago, when we could get 7-8% and then the rates fell.

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Comment #10 by Banking Guy (anonymous) posted on
Banking Guy
Thanks Bill about the update on WFB. I'll have to take them off of my weekly summary. This could have been related to Wachovia's buyout. I hope we won't see similar changes at World Savings.

Anonymous, about your question regarding CD terms, it's hard to say how close we are to the top. There's still a good chance of another rate hike by the Fed next week. But long term rates have indeed been dropping a little. Perhaps we'll have a better idea after the Fed meeting next week.

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Comment #11 by Anonymous posted on
Anonymous
GMAC has dropped their money market rate back to 5.00%

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Comment #12 by Anonymous posted on
Anonymous
I like the Chartway 10M 6% and 13M CD 6.25%. But does it make sense to keep $2500 in a 1% checking or pay the $20 monthly fee for bal <$2500??? Doesn't seem like the CD is worth it in the long run..

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Comment #13 by Banking Guy (anonymous) posted on
Banking Guy
Yes that checking account requirement does hurt the Chartway CD deal unless you open a very large CD. Hoever, you can still get a decent rate (0.25% less) without a checking account.

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Comment #14 by Anonymous posted on
Anonymous
Best rate in Denver: 6.65% for $15000 and 6.45% for larger amounts.

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Comment #15 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on the 6.65% CD. It looks like a brokered CD offered by a financial firm. I posted on it here.

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Comment #16 by Anonymous posted on
Anonymous
check out Navy Federal Credit Union. They currently have a special 18 month CD with rate of 6.06 and APY of 6.25% with NCUA insurance. This is a credit union with billions of assets. It was there the last time I went to their website. Check out their memberhsip qualifications to see if you can join. It is Navy related.

http://www.navyfcu.org/

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Comment #17 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on that Navy FCU CD. 6.25% is a great rate and with rates possibly going down, it may be worthwhile to lock in for 18 months. I had posted on this last month here.

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Comment #18 by scott61 (anonymous) posted on
scott61
Charles Schwab has a 3 month 5.40% CD $1,000 min
http://www.schwab.com/public/schwab/investment_products/cds_money_markets/certificates_deposit?cmsid=P-983753&lvl1=investment_products&lvl2=cds_money_markets

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Comment #19 by instoremarketer (anonymous) posted on
instoremarketer
Are you familiar with any business online savings accounts with competitive rates? I used PayPal, since its one of the only ones I've found. I've also heard that Advanta Bancorp has an account. Do you know of any others?

The other ones I'm aware of have such high minimums. First Horizon's is $50K I think, and they only offer 4%.

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Comment #20 by Banking Guy (anonymous) posted on
Banking Guy
Tennessee Commerce Bank for more info.

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Comment #21 by Barbara (anonymous) posted on
Barbara
USAA has an unadvertised special on their Performance First Savings accounts. They will add an extra 1% for $50,000 and over. This is available only to USAA members and runs for six months. APR would yield 6.05 based on today's rates.

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Comment #22 by Anonymous posted on
Anonymous
I have a Ford Interest Advantage
account from Ford Motor Co. that pays from 5.73% to 6.03% money market rate and am wondering if you know how secure it is?

1
Comment #23 by Anonymous posted on
Anonymous
Union Savings Bank in Belvidere Illinois has a 6.0 APY 9 month CD.

I believe it requires a checking account at the bank to open.

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Comment #24 by S.Zaman (anonymous) posted on
S.Zaman
I just called my washington mutual branch (riverdale, ny. Johnson Ave. Branch) and I found out that they were offering a 13-month CD at 6.00%. Moreover they said that if interest rates go up, it would be possible to 'bump it', which would allow you to claim the new higher interest rate. The only catch is that at least 75% of the opening balance needs to not be from your washington mutual account if you have one.

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Comment #26 by Anonymous posted on
Anonymous
WaMu is now offering a high interest savings account attached to their free checking product. This seems similar to how Citibank is operating.

https://online.wamu.com/direct/apply/page/StartApplication?appType=FC

Special Online Offer: Include a Statement Savings account and earn up to 4.75% APY †
Minimum Opening Deposit: $1.00
Monthly Fee: $0

Balance Tiers Interest Rate Annual Percentage Yield (APY)
$1 - $999 4.65% 4.75%
$1,000+ 4.65% 4.75%
Special online offer - apply for both accounts now and get:
a higher savings rate
no monthly maintenance fee

You must apply for both accounts now to take advantage of this offer†.

† The Annual Percentage Yield (APY) is effective as of 08/12/2006. Rates and APYs are variable and may change at Bank’s discretion at anytime without notice. Minimum balance to open checking and savings account is $1 for each account; minimum balance to earn APY on savings is $1. Fees may reduce earnings. The above APY and monthly service fee waiver apply to Statement Savings only when opened online with WaMu Free Checking™. If your checking account is closed for any reason (by you or us), or transferred to another kind of account, standard APYs/rates and standard monthly fee described in the Account Disclosures (including Statement of Fees and Rate Information) applicable to Statement Savings will apply.

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Comment #27 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for mentioning these bank deals. I've posted on many of these today.

About the Ford Interest Advantage account, it has risks and is not FDIC insured. This FW thread had some opinions about it.

About the Union Savings Bank's 6% 9-month CD, was this advertised in the paper? I don't see it listed on their website.

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Comment #28 by Michael Guzzo (anonymous) posted on
Michael Guzzo
Fraternity Federal S&L is offering a 6-month CD at 5.38% APY, with only a $100.00 minimum. This is a great deal for those who can't afford those high minimums.

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Comment #29 by Anonymous posted on
Anonymous
5.85% APY, 7-Month CD. The Golden 1
Credit Union. 1-877-465-3361. Listed in The Sacramento Bee Newspaper.

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Comment #30 by Sir Rodney (anonymous) posted on
Sir Rodney
If you are building your CD Ladder and need a 2 yr CD, State Farm Bank is offering a 5.75 APR for 2 years. WIth the long term cd rates falling this is a good spot for your 2 year cd. You do have to download the application and mail the check in.

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Comment #31 by Sir Rodney (anonymous) posted on
Sir Rodney
The link to State Farm bank rates is: http://www.statefarm.com/bank/rates.asp

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Comment #32 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for posting these deals.

About State Farm, that is a good rate. I had posted on it here.

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Comment #33 by Anonymous posted on
Anonymous
Banking Guy-

There was an AD in todays Star Ledger by WAMU(Wahington Mutual) for 6% 13 month CD for new money with bump up feature.

Thanks
gvk

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Comment #34 by Anonymous posted on
Anonymous
Saw the following ad in Dallas Morning News for Century Bank 5.85% 1 yr CD (requires checking).

http://bankdeals.blogspot.com/2006/07/finding-best-bank-rates-and-deals-3.html

Bob (in Arlington)

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Comment #35 by Anonymous posted on
Anonymous
Bob (in Arlington)

Sorry about that link.

Here's the AD in the Dallas Paper. It does NOT appear at the bank web site (centurybank.com)

http://shopping.dallasnews.com/ROP/Ads.aspx?advid=220133&adid=3340356

(link may only work for a day or so)

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Comment #36 by Anonymous posted on
Anonymous
About the WAMU 18 month 6% CD special. I had one rep tell me that it would end this Thursday. I had another (more knowledgeable) Rep tell me it will run through the end of the month.

He also told me it was for a taxable account only. Not valid for any type of IRA account.

Bob (in Arlington)

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Comment #37 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on WaMu. I posted on it here.

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Comment #38 by mikeontech (anonymous) posted on
mikeontech
For Select Nevadans:

http://weststar.org

Weststar Credit Union 6% APY 9 month $500 minimum (.10% Bonus with $10,000 new money .25% Bonus with $25,000 new money)

WestStar's members include any employee of any company licensed for Gaming by the State of Nevada and employees of various select employer groups (SEGs) from the
original Charter. If you are employed by any of these qualifying companies, or
are related to or living in the same household as anyone who qualifies for membership - you are eligible to join the credit union. Furthermore, your WestStar membership continues as long as you wish - even if you change jobs, move away, or retire provided the account remains open and in good standing
status.

Eligibility List

http://www.weststar.org/pages/webteller/Seg.html

Rates effective as of 08/01/06. Rates and programs are subject to change without notice. Rates shown are Full House bonus; rates are .25% APY less if not a Full house member.

Click on the "Product and Rates" link on the left side of the homepage and then click on the "Products" link and scroll near the bottom for info about
"the Full House Club". (I would provide links, but the site appears to be using
session ids).

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Comment #40 by Anonymous posted on
Anonymous
The Peoples First Community Bank 6.00 15/30 mo. CD offer which had expired 8/11 is now available thrugh 8/18.

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Comment #41 by scott61 (anonymous) posted on
scott61
AmTrustDirect now has e-Money market account paying 5.15% for $1,000 min
http://www.amtrustdirect.com/

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Comment #42 by Anonymous posted on
Anonymous
http://www.bauerfinancial.com/home.html
This link came from the FDIC web site
It lists rates and rankings for banks and credit unions
Thanks for your web site

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Comment #43 by Scott (anonymous) posted on
Scott
Here is a credit union with a 6% rate for 9 mo. CDs, with a $5K minimum. Its good through the end of August. Its not easy to become a member though. I used to work there, and have an account - I'm setting up a CD there next week once I can get the money transferred.

http://www.dominioncu.org/rates/rates_basics_2.htm

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Comment #44 by Banking Guy (anonymous) posted on
Banking Guy
Thanks Scott for mentioning the Dominion CD special. I noticed that the APY is 6.14%, an excellent 9-month deal for those who qualify. I posted on it here.

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Comment #45 by Anonymous posted on
Anonymous
Don't know where to post this comment. I was just at IndyMac Bank today and opened a 1 yr CD at 5.6% APY, and noticed a piece of paper for next week's rates. They are all going down (e.g. the 1 year went down to around 5.3% I think). The bank rep said that because LIBOR was dropping that "all" banks were going to be lowering their longer term CD rates (I never considered 1 year "long" term). Will be interesting to see if this happens next wek.

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Comment #46 by FIRE Finance (anonymous) posted on
FIRE Finance
We found a $25 signup bonus deal for Wachovia's Free Checking A/C. We tried finding the deal on your blog but could not locate it. So we are posting our comment. The deal with all its details is discussed here and the direct link to the deal is here .

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Comment #47 by Sabine Kuffrey (anonymous) posted on
Sabine Kuffrey
My local Washington Mutual Branch is offering a 13 month CD for 6%
"for a limited time only".I did not find it at the WAMU website, so it must be only the local branch.
It is located at 4081 Stone Mountain Hwy, Lilburn GA 30047
Phone 770 982 4822 opt3 or 770 985 8825. The manager's name is Greg Cade.

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Comment #48 by Banking Guy (anonymous) posted on
Banking Guy
firegetters, Thanks for the info on Wachovia's checking account bonus. I had mentioned it in this post . One nice thing about it is that there are no direct deposit requirements and no monthly fees. I also mention the $50 Chase checking account bonus in that post. Both end on 8/31/06.

Sabine, Thanks for the info on WaMu. You're right that WaMu isn't advertising this CD on their website. The 6% APY is avilable in several states. In some states it's only 5.80%. Here's my post on this special.

As mentioned above, CD rates have been falling. There may not be too many of these 6% CD specials in the near future.

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Comment #49 by Bozo (anonymous) posted on
Bozo
Excellent short article on laddering CDs and the advantages of buying CDs through a brokerage can be found at this link:

http://www.stltoday.com/stltoday/business/stories.nsf/personalfinance/story/C4D82EA0938A5F00862571CF000BF1EA?OpenDocument

It would appear that brokered CDs (such as through Vanguard) give you a good hedge against rising or falling rates. At Vanguard, the charge to liquidate an under-performing CD is only $35. There are no penalties for early withdrawal, unlike bank CDs. There also is no commission on original-issue CD purchases. Thus, if rates go up, you can swap out; if rates go down, and you hold to maturity, your higher rate is still locked in (if you get uncallable CDs).

Or, am I missing something?

Yours,

Bozo

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Comment #50 by Banking Guy (anonymous) posted on
Banking Guy
Bozo, thanks for the link to the article. I posted on this here.

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Comment #51 by Anonymous posted on
Anonymous
Hudson City Savings Bank with offices in New York, New Jersey, and Connecticut has a 7 month CD with 5.60% APY.

http://www.hudsoncitysavingsbank.com/site/deposit_cd.html

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Comment #52 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the Hudson Bank CD info. I posted on it here.

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Comment #53 by bobert (anonymous) posted on
bobert
Chartway FCU has started another special. It's posted on their web site under CD rates - Premium CD's.

It has a min of $10K, and requires the $2500 (low yield) checking to get the best rates.

15 mo CD APY:
with checking without
6.00% 5.74%

18 mo CD APY:
with checking without
6.11% 6.00%


You can do IRA CD's at Chartway!

See earlier posts on Chartway about field of membership.

Bob (in Arlington)

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Comment #54 by Anonymous posted on
Anonymous
6% for 3 months @MFCU

http://www.signonsandiego.com/newsletters/member_promotions/mfcu/082106/mfcu_082106.html

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Comment #55 by Anonymous posted on
Anonymous
WashingtonFirstBank is offering $50 if you open a direct deposit checking account with $100. The offer is advertised in the windows at the local branches in the Washington DC area. You have to open the account at one of the branches. Online banking is available. The website is at http://washingtonfirstbank.com. Checking account info is at http://washingtonfirstbank.com/PersonalChecking.asp

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Comment #56 by eugeneb181 (anonymous) posted on
eugeneb181
Open an online account with bank of america and recieve $50 bonus. I dotn know when it end but the promotion is for a limited time.
Also $15 bonus for signing up for online banking for them. That ends September 1st.

It may be old but its still great. $25 bonus for signing up for INg DIrect, anyone needs the $25 bonus referrel contact me at eugeneb181@yahoo.com

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Comment #57 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the comments on the deals. I've posted on many of them today and yesterday.

About Bank of America's signup bonus, there is still one for $100. I posted on that here.

And it looks like they extended the online banking $15 bonus. I had posted on this in June. I was able to get this $15 bonus, but I had to ask for it after it didn't show up.

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Comment #58 by Anonymous posted on
Anonymous
Good Morning,
Only At the Granite Bay location (special branch opening promotion) of Safe CU in California there will be a 1-day only special 13-mo CD with an APY of 6.5% - WOW. On August 26, 2006-Saturday. It has to be new money from another bank. Minimum deposit is $10K. I don't know any other restrictions. I found out about it by calling Safe Credit Union and asking if any special were going on. Don't know if any advertising is being done.
Thanks

1
Comment #59 by Anonymous posted on
Anonymous
Chase is offering $10 for all new Bill Pay customers. Pay 3 bills online, get $10.

www.chase.com/get10

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Comment #60 by wizeguyz (anonymous) posted on
wizeguyz
Arizona State Credit Union ran an ad in this mornings Arizona Republic with the following:

6.00%APY -- 11 months -- 25k min
5.21%APY -- 121 days -- 10k min

www.azstcu.org
This does not appear to be advertised on the web site. Business deposits are also accepted.

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Comment #61 by Bozo (anonymous) posted on
Bozo
36 month CD (also available for IRAs) at 5.6% APY is available at La Jolla Bank. $10K minimum. This offer does not appear on their website, you have to ask for it. The toll free number is 1-800-333-1909. Ask for April. While the bank ordinarily requires IRAs to be opened in person, if you are really nice, they may be willing to accept a notarized signature (they did for me after I begged). They do not do a hard pull. For those who may be unaware, IRA accounts are now insured to $250,000.

In addition, a 5 year 5.86% APY is available at USAA Federal Savings Bank ($175,000 minimum for this rate). Other competitive rates and terms, but IMHO, this is the best deal for those who are USAA members and want to park a fair bit of cash for a long term. USAA does not sell its products to non-USAA members.

Yours,

Bozo

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Comment #62 by Banking Guy (anonymous) posted on
Banking Guy
Thanks wizeguyz and bozo for the info. About La Jolla Bank, I found their website. They have some additional CD info here. A 5.60% APY 36-mo CD is a pretty good deal especially in the last month with the falling long-term rates. AmTrustDirect is still offering 5.68% on its long-term CDs, however, they don't offer IRAs.

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Comment #63 by David (anonymous) posted on
David
Bank of America now offers an exclusive online "High Yield CD," which features a 5.00% APY, 10-month term, and $10,000 minimum.

While it's not quite comparable to some of the high-yield savings accounts and other CD offers, it's the first impressive offer I've seen from Bank of America to date. Maybe it's a hint at good things to come....

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Comment #64 by David (anonymous) posted on
David
Oops... here's the link:
http://www.bankofamerica.com/promos/jump/highyieldcd/

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Comment #65 by Anonymous posted on
Anonymous
Peoples First in Fl. their 6% CD deals have all expired.

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Comment #66 by Anonymous posted on
Anonymous
Bank of America is offering $15 to sign up with Online Banking by Sept. 1. http://www.bankofamerica.com/promos/jump/olb15toenroll2006/?adlink=000302072l260000e565

That's in addition to $100 to open a My Access Checking Account, http://www.bankofamerica.com/promos/jump/myaccess_netaccess/?adlink=000302072l240000e544

and $50 to open a Savings Account.
http://www.bankofamerica.com/promos/jump/50express/

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Comment #67 by Anonymous posted on
Anonymous
Bank of America is offering $15 to sign up with Online Banking by Sept. 1. http://www.bankofamerica.com/promos/jump/olb15toenroll2006/?adlink=000302072l260000e565

That's in addition to $100 to open a My Access Checking Account, http://www.bankofamerica.com/promos/jump/myaccess_netaccess/?adlink=000302072l240000e544

and $50 to open a Savings Account.
http://www.bankofamerica.com/promos/jump/50express/

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Comment #68 by Anonymous posted on
Anonymous
Independent bank (www.i-bankonline.com) is offering 5% APY CD for 5-months.

In addition, if you open a new checking account (no minimum balance for maintenance required) but $ 100 to open an account, they give you $ 50. It is not currently offered on their website but if you talk to them on phone, they would do it for you. Also, I don't know if the offer is valid onlfy for residents of Memphis, TN or other states

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Comment #69 by billr (anonymous) posted on
billr
Just took out a 6mo 6% CD with Citibank, not certain if it is compounded daily or monthly. YOU DO NOT HAVE TO TAKE A CHECKING ACCT OUT AS MOST EMPLOYEES WILL TELL YOU. JUST CLOSED A CD ACCT WITH INDYBANK, THEY CHARGED ME A $30.00 FEE FOR TAKING MY MONEY OUT ON THE MATURITY DATE! CAPPY BANK.
"THERE IS A SNAKE UNDER EVERY ROCK IN THE BANKING BUSINESS TODAY.

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Comment #70 by Anonymous posted on
Anonymous
I saw that NetBank has raised its offer with Drugstore.com to $250!! Big $$ are on the CDs. Checking and Money Market are still atractive too. Here's the link: http://www.netbank.com/pro383.htm

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Comment #71 by Anonymous posted on
Anonymous

Hello Ken,
How are you? This bank deal might be of interest to you. Hyde Park Savings Bank, Boston, MA is offering a Triangle 5.5% APY, $10K min., bump rate, 5-month CD. The link to the rate table is found here. They require a Triangle Interest Checking account to be opened as a part of the deal (with as little as $10). Also "a minimum of three (3) withdrawals per statement cycle in this Checking Account is required to obtain the stated interest rate". These withdrawls could be done in a variety of ways, -- for example, as an ACH transfer from another externally linked bank. The bank has a 5-star rating from BauerFinancial.
Regards,
Victor.

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Comment #72 by mark (anonymous) posted on
mark
You might want to mention for your savings account alternatives a Fidelity account. There is a $100 opening bonus for a 10K deposit (but no minium and no fees if you setup online statements). Also there are several NTF (no transaction fee) money market accounts, 7 day effective yield is 5.18% for the best. Fidelty account also allow free check writing and fast (same day credit) ACH pull and one day ACH push.

Fatwallet has a large thread on it. Goes well with the 1.5% cash back Fidelity Investment Credit card.

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Comment #73 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments.

I just made a new post for all the BoA promos.

I probably should do the same thing for Netbank. Here's the last one I did on their $100 CD bonus along with the $75 mma and checking bonuses.

Thanks for the info on the CDs. The 6% 6-month Citi CD is still being advertised. But it's only for Texas. Here's my post on that.

About Fidelity, thanks for the info. I'll include this on my next weekly update.

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Comment #74 by Anonymous posted on
Anonymous
cxjmplI just closed out a cd at World Savings by phone. They opened a
.06% for 6months for me. Spring, Tx

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Comment #75 by Anonymous posted on
Anonymous
I'm curious about Millennium Bank. I saw where you posted on October 24, 2005 that you didn't believe this bank was worth the risk. Do you still believe today that we should stay away from this bank? They post rates as high as 9% on a 5 year $100K CD. Thanks.

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Comment #76 by Banking Guy (anonymous) posted on
Banking Guy
About World Savings 6% 6-month CD, thanks for the info. Looks like this might be your-miles-may-vary situation. The CSRs who I called were not aware of new CD specials like this. But branches often will give you a good deal to keep your money.

About Millennium Bank, I don't believe it's a scam. I was able to find some evidence that this bank is a legitimate offshore bank (see post). Even though it seems to have been operating for years without any bad publicity, you never know what the future has in store. Having accounts insured by FDIC or NCUA gives me confidence that the money and interest will be available in the future regardless of future situations with the bank or with the economy. I would recommend going with a stock mutual fund at a well known brokerage house before going with this bank.

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Comment #77 by Anonymous posted on
Anonymous
Not the highest rates -but worth mentioning:

Dallas Morning News -

Equity Bank, 214-237-3170, 7mo CD 5.65 APY

Century Bank, 972-931-5505, 6mo CD 5.50 APY

-Bob in Arlington

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Comment #78 by Pamala (anonymous) posted on
Pamala
REF: Old Southern Bank in Clermont and Orlando, Florida (6% APY Investment Checking)
This offer is not available via mail, via internet or to individuals that are not within the banks servicing areas.

1
Comment #79 by Anonymous posted on
Anonymous
Big CD rate drops at VirtualBank; highest rate 5.15% APY:

http://www.virtualbank.com/Banking/CDs.aspx

1
Comment #80 by Anonymous posted on
Anonymous
First US Community Credit Union. 5.50%APY,12-MO.CD or 5.25%APY,6-MO.CD
New listing in the Sacramento Bee Newspaper today.

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Comment #81 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for those bank and credit union rates. After VirtualBank's rate reduction (and rate drops at many other banks), these rates don't look too bad.

1
Comment #82 by Anonymous posted on
Anonymous
Another one of those Citibank deals:

Get up to $100 bonus for the e-savings account.

http://direct.citibank.com/CBOL/06/esavings/default.htm?Promo_ID=CSDG&BTData=402117F766061775F504844B0BEB2A7AC95918490FBFAF7E9EAC5C2DE3BEB7D2&BT_TRF=441980&BT_CON=109&ProspectID=9A4DBEC9978640BBA49A75F3460E66EB

Citibank is known to perform a full/hard credit pull when you open an account with them. Some people have mentioned that this can be avoided if you already have an account with them. However, since this $100 bonus is only available to FIRST-TIME deposit account customers, this probably means that a hard credit pull is unavoidable.

1
Comment #83 by Anonymous posted on
Anonymous
Ken,

StateFarm fixed rate CDs (min $500) as of August 23 2006:

180 days 5.25%
1 year 5.50%
2 years 5.75%

StateFarm Bank claims that

"Electronic funds (ACH) transfer available to fund a CD"

However, on the online application form, applicants are asked whether they have a printer, and if they answer yes, the response is

"Great! If applying for a deposit product, you will be required to print, sign and mail the application to us along with your initial deposit."

So, is ACH transfer still available as a means of funding? Mailing in the deposit can cause delays and rates can change.

It's also stated that there's a

"/blog/20-day grace period from the maturity date to change the investment terms or withdraw your funds without being charged a penalty".

Check out the details here:

http://www.statefarm.com/bank/bank_accnts/cds/fixrate.asp

1
Comment #84 by Bozo (anonymous) posted on
Bozo
In partial response to the query regarding State Farm, I opened a two-year 5.75% APY IRA CD with State Farm last week (a custodian-to-custodian transfer), at the office of a local State Farm agent. The rate was locked at the time of application by the home office, and all forms were submitted for me electronically by the agent. Check the State Farm Bank website to find the local agent closest to you authorized to open accounts for the Bank. You should specifically ask them to lock the rate, and it will then be clearly indicated on the paperwork ("Certificate of Time Deposit Application") along with your new account number. You can expedite funding by using wire transfer.

Yours,

Bozo

1
Comment #85 by Anonymous posted on
Anonymous
From credituniondeals.blogspot.com, SMW is offering 6.00% apy on a lot of cds with different terms.

1
Comment #86 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the CD and bonus info.

About State Farm, I'm wondering if this 5.75% CD may end soon. I first reported on it in early August. It's actually a better deal now than in early August after so many other long term CD rates have fallen.

1
Comment #87 by Anonymous posted on
Anonymous
State Farm Bank doesn't have online ACH funding like you would expect. In order to fund a CD by ACH, you need to get a paper ACH authorization form (from the bank or an agent), get it filled out, and mail it to the bank. For all the trouble, you might as well just mail them a check.

Most State Farm agents can give you a prepaid Fedex overnight envelope for State Farm Bank. Just put your deposit in there and drop it off at any Fedex pickup (Kinkos, a Fedex Service Center, drop boxes in business areas, Fedex Express drivers). There are Fedex drop boxes in front of most Post Offices. Your deposit will get there sooner and you can track its progress online if you remember to write down the tracking number.

1
Comment #88 by Anonymous posted on
Anonymous
Pentagon Federal CU posted its September rates. Now through September 27th, 3, 4, and 5 year CDs are 6% APY.

Everyone should be able to join.

https://www.penfed.org/productsAndRates/checkingAndSavings/moneyMarketCertificates.asp

1
Comment #89 by scott (anonymous) posted on
scott
http://www.worldsavings.com/servlet/wsavings/minisite/cdoffer-dynamic.html?source=SeChGoEH2495
World Savings has a new internet CD open to all. 15 month 6.01%

1
Comment #90 by Sam (anonymous) posted on
Sam
US Bank--10 Month CD--5.30 APY..
good deal for B&M bank..

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/savings/CD_Rate_Specials.cfm?wt.mc_id=r3117

1
Comment #91 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the State Farm info. I've included these comments with the State Farm post.

Thanks anonymous and Scott for posting on the these new 6% CD specials. With so many falling rates, glad to see some new 6% CDs.

Sam, thanks for the CD info. Note, World Savings also has some 8-to-10 month CD specials at its branches. US Bank does have many more branches than World in many more states.

1
Comment #92 by Anonymous posted on
Anonymous
GE Money Savings (Now under gemoney.com) has increased their APY to 5.05% for balances greater than 15K.

www.gemoneysavings.com
OR
http://www.gemoney.com/personal/savings/index.html

1
Comment #93 by Kevin (anonymous) posted on
Kevin
CommonWealth Central Credit Union at is advertising an 8-month 5.78% CD. They cater to the Santa Clara County, CA area. It is advertised on their home page at www.wealthcu.org

1
Comment #94 by curiousshopper (anonymous) posted on
curiousshopper
World Savings is offering 6-month CD at 6.01% APY. This is only available at their new North Las Vegas branch and has not been advertised. Minimum of $10K is required, as usual. Promotion ends on 9/23/06.

1
Comment #95 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for mentioning the specials. I posted on the new GE rate here, the CommonWealth CD special here and the World Savings North Vegas branch CD special here.

1
Comment #96 by Anonymous posted on
Anonymous
I want to mention another angle on improving your CD interest rates. I had $90K in 5 year CDs at MBNA. This bank is being acquired by Bank of American. I received a notice from the latter bank that their new terms would include annual maintenance fees and a $25 fee charged each time you transfer an IRA CD from their bank to another upon maturity. Considering that I hate fees and that I had 6 IRA CDs with MBNA, I inquired and found that I could cash in all the CDs without penalty, if done before Bank of American takes over in late September. The good news is that I'm getting out of the remaining 3 years at 4.60% and that I'm avoiding all those fees. The better news, however, is that I'm reinvesting the $90K at Members Credit Union for 5 years at 6.17%. In summary, if any of your readers have CDs with MBNA, now is their chance to cash out, avoid fees and increase their return.

Dave Terry, Houston

1
Comment #97 by Anonymous posted on
Anonymous
For folks in upstate NY (Binghamton, Elmira, Syracuse areas) and a few folks in nearby PA: Be advised Visions FCU has begun offering a CD paying over 7% APY. I think it is for six months; NOT sure. It is for new customers ONLY. If you already are a Visions member, fuggetaboutid. But Visions is a really good and highly rated credit union, and the interest rate they're offering is quite competitive, even if rates trend up as I expect.

1
Comment #98 by Anonymous posted on
Anonymous
Went to WaMu today and the 6% CD special in Texas seems to be over.

1
Comment #99 by wizeguyz (anonymous) posted on
wizeguyz
Arizona Central Credit Union
ran an ad in Sunday's (9/3) Arizona Republic with the following:

6.00% APY -- 10 months -- 5k min

This is advertised on the web.
Offer ends Sept. 29, 2006

1
Comment #100 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the info and deals.

Anonymous, I'll have to call Visions on Tuesday to confirm the term.

About Arizona Central, I posted on it here.

1
Comment #101 by Anonymous posted on
Anonymous
I found a long term CD (73 months)at 6.25%. This is at Minnesota Valley Credit Union. This is the best long term rate I've seen so far. The only catch is that you have to live, work, worship, or volunteer in select counties of Minnesota.

1
Comment #102 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on Minnesota Valley Credit Union. I've posted on it here. For a $50K min, you may even be able to get 6.45%. It's not too far from Minneapolis.

1
Comment #103 by Eddie (anonymous) posted on
Eddie
Dime Savings is offering a promotional 7% (SEVEN) money market account. This is different than the 6% one talked about here and on their website. For the 7% you need to have received a letter with the promotional code. Does anyone know what this code is? It has 8 or 9 letters and/or digits.

1
Comment #104 by Anonymous posted on
Anonymous
"CLUNK"

Caveat emptor Resource Bank accountholders!! That loud "thud" you just heard, dramatized above, came about as a result of Resource today having wiped 26 basis points off their MM APY for high balances. Their lower balance APY's aren't looking very attractive any more, either. This might be the time to seek out "greener" pastures. The MM landscape at Resource Bank today turned brown, big time.

1
Comment #105 by Anonymous posted on
Anonymous
OOPS!

Sorry, folks, my error above re Resource Bank. Their MM APY is apparently still 5.27% for high balances for their INTERNET MM special account. There is no change and my posting above is in error. I was confused, confusing their special internet MM rate with their much lower in-branch rate. Again, I apologize. Please forgive.

1
Comment #106 by Anonymous posted on
Anonymous
ING up to 4.40% APY

1
Comment #107 by Anonymous posted on
Anonymous
Two deals:
----------
Short term CD - CitiBank 5.5% and (page 5)
5.03%APY Money Market Acct + Free Checking + Free Airfare. (Page 13)

1
Comment #108 by Anonymous posted on
Anonymous
Was able to open an account at a credit union as one of their 'select employee groups' is owned by a large company that also owns a company in another state that I retired from. Worked for me!

1
Comment #109 by Anonymous posted on
Anonymous
Cal State 9 Credit Union.
6%APY on 7-Month CD. Min deposit $5000. in new money. California counties: SanFrancisco, Alemeda, Contra Costa, Santa Clara, Sacramento.
www.calstate9.com

1
Comment #110 by Anonymous posted on
Anonymous
Telcom Credit Union has a 61 month CD @ 6.00 % apy. I was informed this morning that opening a checking account with direct deposit would qualify members with an additional 0.25% apy on any of their current CD offerings. This incentive is also reportedly available on IRA accounts.

http://www.telcomcu.com/ASP/home.asp

1
Comment #111 by tuphat (anonymous) posted on
tuphat
FW thread below relates to what appears to be a targeted offer from Dime Savings for a 7.00% APY promo rate on money market account. However, need promo code. If there's enough interest/capacity, maybe you could sponsor a begging thread?

http://www.fatwallet.com/t/52/650208

1
Comment #112 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on the Dime's 7% offer. However, I just saw this on that FW thread:

"it's a one time use code, when you enter it on the web site it pre-fills the name and address on the invite."

Thanks for mentioning the Telcom CD special. I posted on it here.

I wasn't able to find the free airfare MMA special in the pdf. Perhaps it was only in yesterdays paper. The 5.50% 6-month CD at Citibank is a good deal. For those in Texas, you can get 6%. See post.

And thanks for the Cal State 9 6% 7-mo CD special. I had posted on it here.

1
Comment #114 by Banking Guy (anonymous) posted on
Banking Guy
Hi Victor. I'm doing well. Thanks for the info on United Services. Both the FLEX CDs and the MMA are excellent deals. Too bad their FOM is very limited. I found some more info about these FLEX CDs in their newsletter. I posted on this here.

1
Comment #115 by Anonymous posted on
Anonymous

Hi Ken. Effective as of September 7, 2006 Patelco's Treasury Income Account has an APY of 5.56% for the min. balances of $25K.
Yours,
Victor.

1
Comment #116 by Anonymous posted on
Anonymous
I sent an E-mail to Western.org re that flexible IRA CD yielding 6.56%. I have not yet received an answer.

I asked the following - how the rate is determined and when the rate is determined and how often the rate changes once the CD is opened.

I did not ask much more than that but I realize that all the particulars are necessary, including are there any add-ons allowed. Is there a floor to which the rate will not go down past. What is the Wescorp floating rate that you mention?

One definitely needs more infor before signing up for something like this and there should be a disclosure on Western's website.

Thanks for any additional info you might have on this.

1
Comment #117 by Banking Guy (anonymous) posted on
Banking Guy
The email they sent to me didn't have much info about how the rate is determined. The WesCorp rate info wasn't too useful. It should be changing on Sept 15th, so we'll see if there's any big change. There is a 90 day early withdrawal penalty which is less than the typical 180 days so that should reduce the risk a little.

1
Comment #118 by Anonymous posted on
Anonymous


Hello Ken. I think these deals, very similar to the Western FCU's, might be of interest to you.
CAHP Credit Union is offering a variable-rate, 728-day, $500 min. 6.48% APY IRA CDs CAHP CU is privately insured by ASI.
Regards,
Victor.

1
Comment #119 by Mike (anonymous) posted on
Mike
Desert Schools Federal Credit Union, in Arizona (Maricopa, Pinal or Gila counties) is offering a 6.00% APY 14-month certificate, with a $500.00 minimum.

http://desertschools.org

1
Comment #120 by Banking Guy (anonymous) posted on
Banking Guy
Mike, Thanks for the info on Desert Schools FCU. Was this advertised in the paper? I can't find it listed at their website.

1
Comment #121 by Banking Guy (anonymous) posted on
Banking Guy
Victor, Thanks for the info. I added some info on that Patelco account on this Patelco post. Also, I posted on the CAHP IRA CD here.

1
Comment #122 by Anonymous posted on
Anonymous

Hi Ken,
How are you doing? I thought that this deal could interest you. Energen Credit Union, AL
is offering two CDs with 6+% APYs:
one, 14-month, 6.16%APY, and another, 36-month, 6.43%APY.
It's a small ( with $14.8M in assets, and about 2.4K members) CU with FOM limited to Energen/Energen Resources/Alagasco Corporation, and their families only, unfortunately. But to sweeten the pill, it has a 5 star rating from BauerFinancial.
Regards,
Victor.

1
Comment #123 by Anonymous posted on
Anonymous
Here's an update on Amboy Direct's Premium Savings account...

"As of Wednesday September 13, 2006, your Amboy Direct Premium Savings everyday rate for balances over $1.00 has increased to 5.13% with an APY of 5.25%."

1
Comment #124 by Duck (anonymous) posted on
Duck
Hey Banking guy
Nice and Thank you Ive used a few of the promos you have listed here. Dont know if this helps you at all but I just left First Horizon Bank in Rockwall,Texas went there to withdeaw 25 to stick in Worlds 5..84/6.01 15 month cd, Lady there said they would match the rate, told me they're doing that cause they are new. She told me they will do that on any promo from a legit bank (No limit as I could find). I first started with them for a promo .Open a Relationship savings (5k,4.0%)w/ direct dep. or ACH and a checking acct.(3%,1k min) and get $100. They offer a few perks NO ATM FEES ANYWHERE, free checks on checking acct, bill pay,among others and 50 checks for savings acct. free Services with higher balances
Bump that sav acct. to 4.5% with a home loan
https://secure.ftb.com/Signix/index.cfm?

1
Comment #125 by Anonymous posted on
Anonymous
Great website! Here are some decent deals that I'm aware of. They would rate in the middle of your lists.

Sterling Bank & Trust CDs: 3 mo 5.30%; 6 mo 5.40%; 12 mo 5.50% $500 minimums for all.
http://www.sterlingecd.com/

First Republic Bank 5 mo CD 5.35%
$5000 minimum
http://www.firstrepublic.com/dep/cd/rates.asp

Fremont Bank 5.10% money market
$1000 minimum
http://www.efremontbank.com/

Advanta Bank money market has tiered rates from 4.75% to 5.25%
http://vault.advantabankcorp.com/rates.asp

1
Comment #126 by Anonymous posted on
Anonymous

Dear Ken,
BankBestRates reports that Fort Knox FCU has
a 7-month special, $50K min., 6.15%APY CD BauerFinancial gives this CU 5 out of 5 stars.
Yours, Victor.

1
Comment #127 by ipoopedmyself (anonymous) posted on
ipoopedmyself
HI VICTOR, THIS DEAL HAS BEEN AROUND FOR AWHILE. BANKING GUY POSTED ON IT HERE. ALSO THE EXTRA .25% DOESN'T APPLY TO CERTIFICATE SPECIALS.

1
Comment #128 by Anonymous posted on
Anonymous

IP: Thanx.
Victor.

1
Comment #129 by Anonymous posted on
Anonymous
Tomorrow, Sept. 15, 2006, Umbrella Bank will increase its money market account interest rates. But it will lower its CD rates.

1
Comment #130 by Anonymous posted on
Anonymous
Beware of Everbank. When you close your checking account and want your (supposedly liquid) money back, they take up to one week after they receive your written request to send you a check. That's their normal procedure.

1
Comment #131 by Anonymous posted on
Anonymous
A warning to all FWIW and I hope not too far off topic:

I experienced Check 21 for the first time yesterday - at my credit union believe it or not; and I got whacked. The check hit my account electronically at eight o'clock in the morning! Funds to pay the check were still in another account at that hour. I discovered the overdraw when I moved the covering funds at roughly ten AM. It was a shock because I expected my CU to batch process the day's transactions that evening. When financial institutions batch process, they always post account credits before account debits. This way there is no overdraw. But when actions are taken in real time, well, that's another story entirely. Bottom line, you need to know if your bank or CU has gone over to Check 21. It REALLY changes check clearing. This was a smaller CU, too, not in a big city. They got me this time but it will not happen again, now that I am aware they are using Check 21.

1
Comment #132 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on your bank experiences. In addition to deals, this post is a good place to share them.

Victor, thanks for the info on Fort Knox. As IP stated I had posted on this in August, . Since my blog isn't the easiest site to search, don't worry if you overlook an old post. Also, keep an eye out for this credit union. They keep coming out with new CD specials. It's a good credit union to join for those who are eligible.

Duck, thanks for the info on First Horizon Bank. An important point is to always ask the manager of your bank if they can match a special before you withdraw. It never hurts to ask, and it could save you time if they agree.

And thanks to those who posted on other deals. If I haven't posted on them yet, I'll try to over the next couple of days.

1
Comment #133 by Anonymous posted on
Anonymous
World Savings has a 5.83-6.01APY 15 month CD available on the internet only. Was not available in the Branch--only from internet.
Requires new money--interest compunds quarterly.

1
Comment #134 by wizeguyz (anonymous) posted on
wizeguyz
Copper Star Bank located in Phoenix and Scottsdale AZ ran an ad in the Sunday Arizona Republic with the following:

Add-on CD (1k additional minimum deposits)
5.75%APY -- 6 months -- 10k min

Classic Savings
5.25%APY -- 25k min

New Funds Only - No broker deposits.
This does not appear to be advertised on the web site.

1
Comment #135 by Banking Guy (anonymous) posted on
Banking Guy
Thanks, wizeguy. I'll post on this tomorrow.

1
Comment #136 by Anonymous posted on
Anonymous
It's not a bank, but Paypal is paying 5.02% on any money balance.
You can ACH money in and out for free.
Not a bad option for people who what to throw some cash someplace fast for the interest, but have immediate access.

Love the site.
Thanks.
Scott Matthew

1
Comment #137 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the paypal info. I include paypal's money market fund in my weekly summaries in the savings account alternatives (near the end of the post). I also include Fidelity's MMF, and probably also need to add Vanguard's.

1
Comment #138 by Carol in California (anonymous) posted on
Carol in California
Water and Power Community Credit Union advertised 5.70APY for a 7 mo cd,$1000 min, new money. Membership is open to those who live,work, worship, or attend post secondary school in the greater Los Angeles area. This was in the LA Daily News today. (www.wpcu.org or 800-300-9728)

1
Comment #139 by Banking Guy (anonymous) posted on
Banking Guy
Thanks Carol. I also found it listed on their home page. I posted on it here.

1
Comment #140 by Anonymous posted on
Anonymous
World Savings Bank secret deal CD (in San Francisco area, at least) offered via mailing: 6.01% APY; 7 mos CD; $10K min, $100K max; new funds only. Letter says offer started 9/11/06 and ends 10/21/06. Open in branch. Not available online.

1
Comment #141 by Anonymous posted on
Anonymous
Erie FCU
12 month share certificate 7.0% APY
min/max 2k
I know this is close to worthless because of the 2k maximum , but because its only a couple blocks away went over and opened one. Was amazed at the place , brand new large building beautifully landscaped and very plush inside.
Wish they would concentrate more on offering members good deals on cd's.

1
Comment #142 by Anonymous posted on
Anonymous
I have found (because of Banking Guy's diligence!) that the Washington Business Bank in Olympia, WA continues to have one of the best 9-month deals around at 6% APY. This outfit permits unlimited additions to the amount on deposit in increments of $1K throughout the duration of the term. It's a good hedge against the slippage in rates we've seen such as that at Indymac Bank.

1
Comment #143 by Banking Guy (anonymous) posted on
Banking Guy
I'm afraid that deal at Washington Business Bank may have ended. A reader had left a comment about this at that post.

1
Comment #144 by Anonymous posted on
Anonymous

Hello Ken,
How are you? I've decided to compensate for my recent oversight, and report on several new CU deals here. :>) Since there are several of them here I am writing in somewhat compressed format:
[CU_#][CU_Name][CD_Term;CD_APY] [CD_Min_Dep][CD_FOM]
[1] [EMERY FCU] [FOM]

1
Comment #145 by Anonymous posted on
Anonymous
Yeah, I saw the Emery & Reigelwood deals on credituniondeals. Here's one that I haven't seen on any of the best rates sites yet - First Suburban Bank 5.85% apy 7 month cd.

1
Comment #146 by Anonymous posted on
Anonymous
A: It's good. So, perhaps you have seen this one, too? It's a deal at Police Credit Union 36-month or 60-month, $10K, 6.5% CDs. The only problem, it's in Australia... :>)

1
Comment #147 by rate freak (anonymous) posted on
rate freak
From you most recent World Savings post. New reply below...

Rate freak said...
Something you should know. The max dep is usually $100k. For those who have more, you can always open another CD @ the same rate for an additional month to 8-months; up to 12-months. Same goes for a 5-month or 6-month CD offer.

3:40 PM, September 20, 2006


Banking Guy said...
Thanks for sharing your experiences on your local World Savings branches. Looks like branches will have different policies concerning this CD. The one I called in Florida and Texas today didn't seem to require the customer to have received a mailer. So hopefully, most branches won't require this.

Rate Freak, do you mean after the first 7-month CD, you can also open one at 8, 9, 10, 11 and 12 months? I remember they had a similar deal in late spring.

New reply:
Yes, that is what I mean. Example: an offering of a 7-mth promo, one could potentially have $600k @ the promo rate, and not be limited to the max amt. However, I don't know about it being a particular deal or promo. The Long Beach, CA branch I mostly go to openly offers it.

1
Comment #148 by wizeguyz (anonymous) posted on
wizeguyz
Copper Star Bank located in Phoenix and Scottsdale AZ ran an ad in the Sunday (9/24) Arizona Republic with the following:

6 month CD
5.80%APY -- 10k min

Classic Savings
5.30%APY -- 25k min

New Funds Only - No broker deposits.
This does not appear to be advertised on the web site.

1
Comment #149 by Banking Guy (anonymous) posted on
Banking Guy
Rate Freak, thanks for the clarification. I added your comment to the World Savings post.

Wizeguyz, thanks for the update. Looks like a slight improvement from last week. I posted on it here. Didn't see any mention of being able to add onto the CD?

1
Comment #150 by Michael Guzzo (anonymous) posted on
Michael Guzzo
Hi again Banking Guy..

Found another one in the Phoenix area.

Holsum Credit Union, offering an 8.3% APY 8-month CD, with an $800.00 "new money" minimum. Must open a checking account, though.

http://azholsumcu.org/billboard.asp

Hey, how about returning the favor and updating my link on your page.

L8R!

1
Comment #151 by scott (anonymous) posted on
scott
https://www.eloan.com/savingsrates?context=deposits&sid=uCuIDyfku0K5NVuNY5SOndrBXK8&user=&mcode=
E-Loan offering 5.50% MM for $5,000 Min

1
Comment #152 by Anonymous posted on
Anonymous
Regarding World Savings - with the FDIC at $100,000 putting above that concerns me. I have learned they have a Texas bank and CAlifornia bank. With that info I have started opening some of my CD's with the Texas bank altho I live in California. It is all handled through my local branch.

1
Comment #153 by Anonymous posted on
Anonymous
Info that I haven't seen previously mentioned - World SAvings has two banks - Texas and California. If you are concerned regarding FDIC by opening CD's in both states you increase the FDIC coverage. Local bank in CAlifornia does that for me.

1
Comment #154 by Banking Guy (anonymous) posted on
Banking Guy
Michael, thanks for the CD info. I posted on it here and also updated the sidebar link to your new URL.

Scott, Thanks for the E-LOAN info.

Thanks for the CD and FDIC info about World Savings. I've added this to the World Savings post.

1
Comment #155 by Anonymous posted on
Anonymous
10% APY 6mo CD at Discovery FCU
$2,500-$10,000

Ripped from a FW thread here: http://www.fatwallet.com/t/52/656576/

Direct to CU: http://www.discoveryfcu.org/whatsnew2.html

1
Comment #156 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the news about the 10% CD. Great deal for those eligible. I posted on it here.

1
Comment #157 by Anonymous posted on
Anonymous
Ft. Belvoir 6.17% 3,4,5 yr c/ds back.
easy to join via FMBF.

1
Comment #158 by Anonymous posted on
Anonymous
Don't know if anyones mentioned this but AmTrust Direct upped their e-money market account a little bit to 5.30%.

1
Comment #159 by Anonymous posted on
Anonymous
Regarding EVERBANK FreeNet's checking accounts: I closed my account to receive the balance after the promotional period ended. It took them 15 days to send me a check! So, if you are going to do this, make sure you link external accounts in advance, so when you are ready to withdraw your money this doesn't happen to you(the alternative is to waste some money in a wire)

1
Comment #160 by Carol in California (anonymous) posted on
Carol in California
Today's LA Daily News advertises a Kaiser Federal Bank "Dream Savings" account that is tiered starting at 2.02% for $100. and ending at 6% for $75,000+. There are several branches in S. California and an online site(kaiserfederal.com)or (800)524-CASH. Sounds like a good one for higher dollar savers!

1
Comment #161 by Anonymous posted on
Anonymous
WHACH OUT FOR AMTRUST DIRECT!!!

My history disappeared few time in the last month, and there is no way to be retrieved it.
After calling CSR, reply was nothing can be done...They blame the technical department.
After my history disappeared my balance went into negative territory. There is no way
to prove transactions. CSR is asking me to provide the dates and amounts to restore then back.
It is a “Miki mouse” operation when such basic thinks are not in place to guard against
such errors.

1
Comment #162 by Bozo (anonymous) posted on
Bozo
LaJolla Bank just increased its one year CD rate to 5.75% APY. Ordinarily, you have to go to a branch to open an account, but if you call April at the main branch, she might allow you to open an account by mail. Nice folks, I highly recommend LaJolla Bank.

Yours,

Bozo

1
Comment #163 by Anonymous posted on
Anonymous

Hello Ken,
How are you doing? I thought that this info might be of interest to you. Dayton Firefighters FCU, Dayton, OH is offering three high rate CDs:
1)48-month, 6.17%APY, $100K min.
2)60-month, 6.17%APY, $10K min.
3)60-month, 6.67%APY, $100K min. The rate table is located
here. This CU has a 5-star rating from BauerFinancial.
Best regards,
Victor.

1
Comment #164 by Anonymous posted on
Anonymous
Hello again, Ken.
Central One FCU, SHREWSBURY,MA is offering some Senior Sense CDs, and two of them are not too bad: one is a 3-year, 6.00%APY, and another, 5-year, 6.20%APY. Both require $10min., and a direct deposit in their share account.
FOM as usual is restricted to the LWWSB set (persons who live, work, worship, go to school, and do business) in some Towns in MA. This CU has $214.5M in assets, and just over 30K members.
Victor.

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Comment #165 by Anonymous posted on
Anonymous
I went to buy the 7-month 6.01% APY CD at World Savings but they said it is 9-month now. OK with me, considering that rates may be headed south. They claimed the promotion is only up to $100k per household.

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Comment #166 by FIRE Finance (anonymous) posted on
FIRE Finance
Found this deal from First Horizon Bank and its discussed here.

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Comment #167 by Anonymous posted on
Anonymous
Bank of Internet has competitive rates of 5.45% apy for 6 month and one year CDs... http://www.bankofinternet.com/.

Thanks so much for your terrific resource!

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Comment #168 by Anonymous posted on
Anonymous
Banco Popular has 5.60% on 8 months and 5.65& on 16 months...they have ads running in the major New York City Metro Newspapers...

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Comment #169 by Sree (anonymous) posted on
Sree
Patelco got good rates from today
http://www.patelco.org/Default.aspx
not FDIC or NCUA insured though

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Comment #170 by Sree (anonymous) posted on
Sree
MeriWest got good rates
details http://www.meriwest.com/

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Comment #171 by Sree (anonymous) posted on
Sree
MeriWest got good rates
details http://www.meriwest.com/

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Comment #172 by ipoopedmyself (anonymous) posted on
ipoopedmyself
The blended rate on that Meriwest special is not that hot, 5.33%.

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Comment #173 by Banking Guy (anonymous) posted on
Banking Guy
Thanks Sree for the info on Meriwest. There is one caveat about that CD that makes it a little better. Even though the blended APY is only 5.33%, you could do better by using the feature that allows additional deposits at any of the 3-month intervals. You could deposit $10k at first and then $240k at the 6-month interval.

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Comment #174 by kat (anonymous) posted on
kat
Washington Mutual_____Open a savings AND checking online and ...

Earn 5% APY online
on Savings acct. with WaMu Free Checking™

Special Online Offer: Include a Statement Savings account and earn up to 5.00% APY †

* Minimum Opening Deposit: $1.00
* Monthly Fee: $0


Balance Tiers Interest Rate Annual Percentage Yield (APY)
$1 - $999 4.89% 5.00%
$1,000+ 4.89% 5.00%
Special online offer - apply for both accounts now and get:

* a higher savings rate
* no monthly maintenance fee


You must apply for both accounts now to take advantage of this offer.

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Comment #175 by Anonymous posted on
Anonymous
I have found a good deal at Kaiser Federal Bank in California

http://www.kaiserfederal.org/ps_rates_savings.html

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Comment #176 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the comments. The WaMu deal is a good one. I have posted on it here.

And that Kaiser Federal Bank deal is also a good one for those with a large savings. I posted on it here.

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Comment #177 by Erik Davis (anonymous) posted on
Erik Davis
E Loan Catch

You can not transfer money between one or more E-Loan accounts. This becomes important because E-Loan only allows one external account link per account. So, if your pulling your money out YOU MUST SEND IT BACK TO THE SAME SOURCE THE MONEY CAME FROM. For me, bringing in big chunks fromm Emigrant Direct and other sources would be a big mistake because I have to withdraw the money to the those same banks just to get the money out. If you are just trying to get the money back to your regular traditional checking account you might have to to do two transfers to just get it there. If you move it from an online savings account to your regular checking first before moving it into E-Loan then you've lost he benefit of the 5.50 apy waiting for all the transfers to take place. The E-Loan looked like a good deal until I realized they have it set up like the roach motel, "you can check in but you'll have a hell of a time checking out."

Erik Davis

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Comment #178 by Banking Guy (anonymous) posted on
Banking Guy
That's a valid concern about E-LOAN. I've added that to the comments of my last E-LOAN post.

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Comment #179 by Anonymous posted on
Anonymous
Not sure if this is a good deal or not, but I was looking at local credit unions in my area and I found this 9 month CD with 5.55% APY.

http://www.bethpage.org/site/rates.html#savings

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Comment #180 by Anonymous posted on
Anonymous
I don't know if this is posted anywhere yet, but Smart Financial CU is listing on their website a special for a 90k Jumbo 18m @ 5.90. They had a 10% special a little bit ago, but unlike that one, theres not a 5k max.
Looks like it's only good for people in the area.
http://www.smartcu.org/asp/services/service_7_4.asp

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Comment #181 by Anonymous posted on
Anonymous
Good Day Ken!

The NASA Credit Union has a new special as stated on their web site:

- - -

With the NASA Federal Out-Of-This-World Certificate, your rate depends on how much you invest:

NASA FEDERAL OUT-OF-THIS-WORLD CERTIFICATE
Investment Dividend Rate APY*
$1,000 to $9,999 4.89% 5.00%
$10,000 to $49,999 5.13% 5.25%
$50,000 to $99,999 5.37% 5.50%
$100,000 and more 5.60% 5.75%

Take advantage of this limited-time offer today!
Rates this great may not last. Get your NASA Federal Out-Of-This-World Certificate today when you call 301-249-1800 or toll-free, 1-888-NASA-FCU (1-888-627-2328), ext. 603.

http://www.nasafcu.com/l2.aspx?ci=943

Thanks for all of your work in helping us Ken.

B

- - -

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Comment #182 by Anonymous posted on
Anonymous
GMAC bank has reversed course.
Their Money Market is up to
5.25% this week.

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Comment #183 by Anonymous posted on
Anonymous
interest rates are headed south!!!
Sad, very sad. I guess the goverment does not care for its biggest demographic population(Senoir Citizens) Less food on the table!

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Comment #184 by ob (anonymous) posted on
ob
aaaaaaaaaaaaaaa

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Comment #185 by Anonymous posted on
Anonymous
Last week there was a CD offer for Canyon State Credit Union listed here and now I couldn't find it. Did it expired or got deleted?

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Comment #186 by Bill (anonymous) posted on
Bill
Superior Savings of new England has a 5.25% money market fund. Go here and click on "specials"
http://www.superiorsavings.com/

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Comment #187 by Banking Guy (anonymous) posted on
Banking Guy
The post on the Canyon State CU had fallen low on the front page so it may not be easy to find. Here's the link to it.

Bill, thanks for the info on the 5.25% Superior Savings 5.25% MMA. I had posted on it in August. Here's the link.

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Comment #188 by Anonymous posted on
Anonymous
Lower Bank Interest Rates ?

First Federal Savings Bank of Glenn Cove N.Y has a 60 month C.D ( $500.00 min ) 5.85% APY.

FDIC Insured

Firstcentralsavings.com

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Comment #189 by ipoopedmyself (anonymous) posted on
ipoopedmyself
OMNI American Bank 6.00% apy Money Market Account for balances of $500,000 or more. Blows out FDIC insurance limits. Wonder how many will bite? www.omniamerican.org

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Comment #190 by shraz (anonymous) posted on
shraz
I see that you have not added the Ascencia CD

http://www.ascenciabank.com/rates.asp

I believe they are an entirely online bank like e-trade.

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Comment #191 by Dave S (anonymous) posted on
Dave S
Geauga savings has a 5.40% online savings account. Minimum-$25,000.

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Comment #192 by Anonymous posted on
Anonymous
alpha bank paying 6% on 1 yr and 6 mo.cd. this is the 3rd wk.www.myalphabank 1-678-534-3680

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Comment #193 by Anonymous posted on
Anonymous
https://www.viewpointbank.com/resources/fall_cd_page.jpg


viewpoint 6% cd

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Comment #194 by Anonymous posted on
Anonymous
5.01% APY Checking account at BlackHawk Bank, http://www.blackhawkbank.com.

4.75% APY Checking at First National Bank in Cameron Reward Checking, https://www.fnbcam.com.

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Comment #195 by Anonymous posted on
Anonymous
5.88% CD for 12 months
Sun American Bank (South Florida)
Promotion requirements: $50,000 minimum deposit, and applicants must open a free checking accounting and maintain a $100 balance
http://www.sunamericanbank.com
(Promotion was mentioned in local newspaper last week)

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Comment #196 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments. I've posted on many of these and I'll try to post on more tomorrow.

About Ascencia, I had included this in my weekly summaries for awhile. I first posted on them in May. I see they now have 5.58% 12-mo/6-mo CDs. I'll have to put them back on this list.

Here's my post on Geauga Savings Bank.

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Comment #197 by Anonymous posted on
Anonymous
Westbridge Bank near St. Louis is offering 6.0% 6 to 12 month CD's.
There is a $10,000 minimum and they can do ACH transfers from your bank or savings to open the account.
http://www.westbridgebank.com/

1
Comment #198 by Anonymous posted on
Anonymous
Alpha Bank and Trust is offering 6.00% annual percentage yield on its 6-Month and 12-Month Certificate of Deposit. The minimum deposit required to open a CD is $1,000. Alpha Bank and Trust Will accept deposits from out of state residents.

www.myalphabank.com

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Comment #199 by Anonymous posted on
Anonymous
I want to add some information the one I posted yesterday:

(South Florida)
5.88% APY for 12 months
Sun American Bank
Promotion requirements: $50,000 minimum deposit, and applicants must open a free checking account and maintain a $100 balance
http://www.sunamericanbank.com
(Promotion was mentioned in local newspaper last week)

This promotion is going on till October 31st, as per rep I spoke to @ 305-421-6800

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Comment #200 by matt (anonymous) posted on
matt
BECU (Tukwila, WA) is rolling out Member Advantage Savings and Checking on October 15, 2006 (see also here), offering 7.50% APY for the first $500 in each of the two accounts.

Requirements include Online Banking with eStatements and participation in either (free) Online Banking or recurring Direct Deposits into the checking account.

BECU has over $6.3 billion in assets and over 450,000 members. Membership primarily comes from residents of Washington state, but there are other options.

1
Comment #201 by Anonymous posted on
Anonymous
Banking Guy.. You can remove the Open to all 6% 60M which is Oak Trust... No longer available
Later!

1
Comment #202 by dman (anonymous) posted on
dman
Bank of America made the headlines today by offering free online stock trades to customers with accounts of at least $25,000 at the bank.

ex. headline:
http://www.washingtonpost.com/wp-dyn/content/article/2006/10/11/AR2006101100359.html

bank website:
https://www.bankofamerica.com

Now if only they could get some rates to make me want to put $25,000 into an account there...

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Comment #203 by Anonymous posted on
Anonymous
World Savings offer of 6.01 apy for 13 months is over. The best you can do when mentioning this rate is 6.01 apy for 7 months for new money only..

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Comment #204 by Anonymous posted on
Anonymous
United Community Bank in Cumming, Georgia is offering a 6-month, 6.15% CD. You will have to open a checking account and keep a $100 minimum.

I'm told they are celebrating a new branch opening and offering this rate at only two of their branches at Browns Bridge Road and the new branch off Georgia Highway 20 in Cumming. Not listed on thier website. May be short-lived.

Phone: 770-888-1880

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Comment #205 by Anonymous posted on
Anonymous
Just got off the phone with an E-LOAN CR who told me that "This (5.5%) is not a promotional rate.. going forward we are indexed to the LIBOR." If this is true, this is phenomenal news!

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Comment #206 by Anonymous posted on
Anonymous
I was able to open a 6.02%-6.189%APY 3 yr IRA C/D with Northrop Grumman Credit Union. Needed $40,000 minimum. Anyone can join by becoming member of SCHAF for $10 fee--credit union does it for you.
OK by mail -- very friendly people.

1
Comment #207 by Anonymous posted on
Anonymous
Digital Federal Credit Union has a free service called "Complete View". Complete View allows you to view all of your online checking, savings, investment and credit card accounts from most financial institutions in one place. Check it out.

https://www.dcu.org/onlineserv/HB/HomeBanking.cgi

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Comment #208 by gary (anonymous) posted on
gary
Telhio CU (www.telhio.org 614-221-3233 option 4 for CSR) has a 13 month Share CD at 5.75% with a minimum of $5K. FOM includes Franklin County Ohio (Columbus) and some surrounding communities.

1
Comment #209 by gary (anonymous) posted on
gary
BMI Federal Credit Union (www.bmifcu.org 800-233-6880) has a 7 month, 7% Share certificate. Unfortunately, the cap is $1K, which almost doesn't make it worthwhile.

1
Comment #210 by Mike (anonymous) posted on
Mike
Here ya go my friend..

Bank of Oak Ridge, located just north of Greensboro,NC is offering a 10%, 7-month CD for those opening a new savings account.

1
Comment #211 by scott (anonymous) posted on
scott
https://www.applefcu.org/promotions.asp


"Rake in Super Savings – Apple’s Harvest Certificate, 3 months at 6.00% APY

Cash in on a cool savings opportunity, Apple’s special Harvest Certificate—3 months at 6.00% APY*! Available on NEW money transferred from another institution only. Limited time offer.

Don’t let this refreshing rate pass you by! Stop by any Apple branch or call 703-788-4800 to open your Harvest Certificate today.

*APY = Annual Percentage Yield as of September 23, 2006, and is subject to change without notice. Offer valid only on NEW money transferred from another institution. Minimum deposit $500; maximum deposit $500,000. Unless you notify Apple FCU otherwise, at the end of the term, the certificate will automatically renew as a 12 month certificate at the rate in effect at that time.

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Comment #212 by Banking Guy (anonymous) posted on
Banking Guy
Thanks scott, I have more info on this deal in this post.

1
Comment #213 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the info. Since this post was getting a tad long with over 200 comments, I thought it was a good time to start a new one.

Please post all new deals here:

Finding Deals #4

Thanks!

1
Comment #214 by Anonymous posted on
Anonymous
Regal bank in Timonium (Baltimore, MD) offers 7% 7 month CD

1
Comment #215 by Anonymous posted on
Anonymous
Has anyone had experience with BB&T? I saw an ad on weather.com about a $50 bonus to open a checking account online. It seems like a pretty good offer but this is the first time I have really heard about them.

1