Bank Deal Summary for September 30, 2006

E-LOAN shook up the internet banking world this week with its new 5.50% APY online savings account. It requires an initial deposit of at least $5k. But after the initial deposit, your balance can fall below $5k and you'll still earn 5.50% APY with no monthly fees (see post). It's not exactly a no-minimum savings account, but it's close.

The next closest competitor of E-LOAN is AmTrustDirect which raised the rate of its e-Money Market Account from 5.26% to 5.30% APY. Similar to E-LOAN it has an initial deposit requirement but no minimum balance requirements. However, its minimum deposit requirement is only $1k without any other strings (see post).

Another online savings account rate increase this week was at Zions Bank which raised the rate of its Internet Money Market Account from 5.13% to 5.24% APY (see post).

For big-time savers, Kaiser Federal Bank started a new savings account available nationally that pays 6% APY for balances of over $75k. It's a California-based bank that hasn't really set up this new account to be easy to open and manage for those outside of California. But according to the CSR, it is available nationally (see post).

You can now get a high yield money market account at Bank of America thanks to the merger of MBNA into Bank of America. MBNA had partnered with many organizations to offer a high yield money market account. Most of these accounts have been changed over to BofA's low yield savings account, however, the high yield MMA is still available for AAA and NEA members. The top rate is currently 5.36% APY for balances over $50k (see post).

The news wasn't all good this week for savings accounts. EmigrantDirect just dropped rates on its savings account from 5.15% to 5.05% APY (see post). Most other savings account rates remained the same this week. Corus Bank was another exception with its money market account rate falling from 4.93% to 4.88% APY. This account is indexed to the 91-day T-Bill so it indicates that we may see further rate drops at other banks in the near future.

For CDs, rates continue to trend down. CD rates dropped this week at GMAC Bank, UmbrellaBank, Everbank, Imperial Capital, Netbank, ETrade and Countrywide. Most drops continued to be in longer terms, however, there were a few with terms under one year. Penfed Credit Union also had a rate drop on thier 6-percent CDs. The new rates are only around 5.42% APY on the 3-to-5 year CDs. These 6% CDs last month were a surprise since Penfed historically has mostly offered very high yield long-term CDs at the start of the year. Hopefully, these will return in January.

In addition to savings accounts, E-LOAN also helped give a boost to CD rates this week. It's offering competitive CD rates of 5.60% to 5.75% APY on terms from 6 months to 5 years.

There are still several 6% CDs available nationally. For short term, there's Everbank's 6.01% 3-month checking promo (see post). World Savings is still offering a 6.01% APY 7-month CD. It's an unadvertised branch-only special (see post). Patelco Credit Union has a 6% CD for terms of 12 to 23 months (see post) and Digital Credit Union still has its 6.00% APY 16-month CD (see post).

There were a few good local deals this week. Parkway Bank of Arkansas is offering a 6.01% checking account for balances up to $25k (see post). Arizona Holsum Credit Union is offering a 8.30% APY 8-month CD for a maximum $8k deposit (see post). For a complete list of these recent local CD deals, refer to my local CD list below. Remember that many of these deals don't last long. Please check if the rate is still active at the bank or credit union's website. If you see that a deal has ended, a comment is much appreciated.

Thanks to all who have helped by leaving comments or sending emails on rate updates. Sorry I can't post on all of your suggestions.

The rates listed below are based on Annual Percentage Yield (APY). No minimum balances are required unless noted. MMA next to the rates indicate a money market account. Most MMAs have check writing and ATM cards. Online savings accounts usually lack both of these. The top lists include banks and credit unions with broad availability and with minimums of $10K or less. Previous weekly summaries are available for Sept 23rd, Sept 16th, Sept 9th, Sept 2nd, Aug 26th and Aug 19th.

As of September 30, 2006

Savings Accounts/Money Market Accounts:

• E-LOAN - 5.50% ($5K min), my post
• AmTrustDirect - 5.30% ($1K min), my post
• UFB Direct - 5.27%, my post
• AmboyDirect - 5.25%, my post ($25 bonus)
• Apple Bank - 5.25%, my post
• OneUnited - 5.25% (min $10), my post
• Security Savings Bank - 5.25% (min $100), very small bank with no online banking, see post
• FirstFedDirect - 5.25% (min $1K) (closed to CA residents), my post
• BankUnited - 5.25% (min $5K), my post
• Countrywide - 5.25% (min $10K), (5.30% $50K+) my post
• Zions Bank - 5.24% (min $1K) (5.28% $50K+), offers 3.05% free checking, my post
• Heritage Bank Online - 5.20% (min $1K), my post
• CapitalOne/Costco - 5.14% MMA (min $5K, Costco members only, $25 deal for exec. members)
• Presidential - 5.12% (min $5K, only first $35K receives this rate), offers 4.50% checking, my post
• UmbrellaBank.com - 5.10% MMA (min $1K) (5.15% $5K+), offers checking, my post
• MyBankingDirect - 5.10% MMA (min $5K), my post
• Mutual Bank - 5.10% MMA (min $5K), my post
• Domestic Bank - 5.06% MMA (min $2.5K), my post
• EmigrantDirect - 5.05%, my post, (rate history)
• HSBC Direct - 5.05%, offers checking, (rate history), my post
• Citibank - 5.00%, requires checking account, my post
• Washington Mutual - 5.00% (requires checking), my post
• GMAC Bank - 5.00% MMA (min $500), my post
• Tennessee Commerce Bank - 4.93% (min $10K), my post
• Corus Bank - 4.88% MMA (min $10K to open)
• CapitalOne - 4.80% (MMA has same rate, but with checks and ATM. $100 min.), my post
• Self-Help Credit Union - 4.69% MMA (min $500), my post
• VirtualBank - 4.60% (min $100), (4.86% $50K+/ 5.13% $100K+) offers checking, my post ($20 bonus)
• GE Money - 4.50% (min $4K), (5.05% for $15K+), my post ($25 bonus)
• MetLife Bank - 4.50% MMA (min $5K), my post ($50 bonus)
• EverBank - 4.41% ($1.5K min), my post
• ING Direct - 4.40%, my post ($25 bonus), (rate history)
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, my post
• ebank - 4.00% MMA ($1K min, rate for $10K-25K balance), offers checking
• NetBank - 3.52% MMA ($500 min), requires checking, my post ($250 deal)
• ETrade Bank - 3.25% (min $1K to avoid fees/$5K for APY), my post ($50 bonus)

3-Month Certificates of Deposit:

• EverBank - 6.01% ($1.5K min), checking account promo, see post
• IndyMac Bank - 5.50% (min $5K), my post
• Imperial Capital - 5.35%, ($2K min), my post
• Charles Schwab - 5.30% (min $1K), my post
• UFB Direct - 5.30% (min $8K)
• Countrywide - 5.30% (min $10K), my post
• FirstFedDirect - 5.26% (min $10K), my post
• Western Financial Bank - 5.25% ($100 min)
• VirtualBank - 5.13% (min $10K), my post
• UmbrellaBank.com - 5.10% (min $1K)
• EverBank - 5.05% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• ETrade Bank - 5.00% (min $1K), my post
• GMAC Bank - 4.95% (min $500), my post
• Corus Bank - 4.88% (min $10K)
• Self-Help Credit Union - 4.73% (min $500), my post

6-Month Certificates of Deposit:

• World Savings - 6.01% (7 month) (min $10K), branch-only, my post
• Superior Savings - 5.60% (min $500)
• E-LOAN - 5.60% ($10K min), my post
• Corus Bank - 5.55% (min $10K)
• FirstFedDirect - 5.51% (min $10K), my post
• Western Financial Bank - 5.50% ($100 min)
• Citibank - 5.50% (min $500), 6% for Texas, my post
• AmTrustDirect - 5.50% (min $1K) my post
• IndyMac Bank - 5.55% (5 mo special offer) (min $5K), my post
• Imperial Capital - 5.40%, ($2K min), my post
• Countrywide - 5.35% (min $10K), my post
• ETrade Bank - 5.30% (min $1K), my post
• World Savings - 5.26% (5 months) (min $10K), new funds only, my post
• EverBank - 5.25% ($1.5K min)
• UFB Direct - 5.25% (min $8K)
• EmigrantDirect - 5.20% (min $1K)
• UmbrellaBank.com - 5.20% (min $1K)
• ebank - 5.15% (min $1K), 5.40% for ePremium checking customers
• VirtualBank - 5.15% (min $10K), my post
• NetBank - 5.05% (min $1K)
• ING Direct - 5.00%, my post
• MetLife Bank - 5.00% ($1K min)
• Wells Fargo - 5.00% (5 months) (min $5K), rate and min vary by state, my post
• GMAC Bank - 4.95% (min $500), my post
• Self-Help Credit Union - 4.73% (min $500), my post

9-Month Certificates of Deposit:

• Patelco Credit Union - 5.75% ($1K min) (8 months), not NCUA insured, my post
• World Savings - 5.61% (8 months) ($10K min), branch-only, my post
• Western Financial Bank - 5.60% ($100 min)
• IndyMac Bank - 5.60% (min $5K), my post
• AmTrustDirect - 5.58% (min $1K) my post
• FirstFedDirect - 5.55% (min $10K), my post
• Imperial Capital - 5.40% ($2K min), my post
• Countrywide - 5.40% (min $10K), my post
• UmbrellaBank.com - 5.35% (min $1K)
• EverBank - 5.25% ($1.5K min)
• GMAC Bank - 5.20% (min $500), my post
• EmigrantDirect - 5.20% (min $1K)
• VirtualBank - 5.15% (min $10K), my post
• ING Direct - 5.05%, my post

12-Month Certificates of Deposit:

• Patelco Credit Union - 6.00% ($1K min), not NCUA insured, my post
• World Savings - 5.76% 13-mo (min $10K), my post
• E-LOAN - 5.70% ($10K min), my post
• Western Financial Bank - 5.65% ($100 min)
• FirstFedDirect - 5.64%, (min $10K) my post
• Melrose CU - 5.61% (min $5K) my post
• GTE FCU - 5.64% (min $500) (add-on feature) my post
• Corus Bank - 5.63% (min $10K)
• AmTrustDirect - 5.60% (min $1K) my post
• Digital CU - 5.50% (11 month) (min $1K), my post
• UmbrellaBank.com - 5.40% (min $1K)
• Imperial Capital - 5.40% ($2K min), my post
• IndyMac Bank - 5.40% (min $5K), my post
• Countrywide - 5.40% (min $10K)
• Mutual Bank - 5.35% (min $2.5K) my post
• Transportation Alliance Bank - 5.34% ($1K min)
• ETrade Bank - 5.30% (min $1K), my post
• EverBank - 5.26% ($1.5K min)
• GMAC Bank - 5.25% (min $500), my post
• NetBank - 5.25% (min $1K), my post ($100 bonus)
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• UFB Direct - 5.25% (min $8K)
• MetLife Bank - 5.25% ($1K min)
• EmigrantDirect - 5.20% (min $1K)
• VirtualBank - 5.15% (min $10K), my post
• ING Direct - 5.10%, my post
• Self-Help Credit Union - 4.92% (min $500), my post

16-Month Certificates of Deposit:

• Digital CU - 6.00% 16-mo (min $500), my post
• Patelco Credit Union - 6.00% ($1K min), not NCUA insured, my post

18-Month Certificates of Deposit:

• Patelco Credit Union - 6.00% ($1K min), not NCUA insured, my post
• E-LOAN - 5.75% ($10K min), my post
• AmTrustDirect - 5.50% (min $1K) my post
• Mutual Bank - 5.40% (min $5K) my post
• CapitalOne/Costco - 5.26% (min $5K, Costco members only)
• Imperial Capital - 5.25% ($2K min), my post
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• GMAC Bank - 5.20% (min $500)
• ETrade Bank - 5.15% (min $1K), my post
• Countrywide - 5.10% (min $10K)

36-Month Certificate of Deposit:

• E-LOAN - 5.75% ($10K min), my post
• Melrose CU - 5.72% (min $5K) my post
• Fort Belvoir FCU - 5.64% (min $1K), my post
• Mutual Bank - 5.60% (min $5K) my post
• AmTrustDirect - 5.50% (min $1K) my post
• Pentagon Federal CU - 5.41% (min $1K), my post
• Transportation Alliance Bank - 5.34% ($1K min)
• Agriculture FCU - 5.25% (min $1K), my post
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• GMAC Bank - 5.20% (min $500)
• ETrade Bank - 5.00% (min $1K), my post
• Imperial Capital - 5.00% ($2K min), my post
• Countrywide - 5.00% (min $10K)
• Washington Mutual - 5.00% (min $1K)
• Self-Help Credit Union - 4.90% (min $500), my post

48-Month Certificate of Deposit:

• Melrose CU - 5.77% (min $5K) my post
• Fort Belvoir FCU - 5.75% (min $1K), my post
• E-LOAN - 5.75% ($10K min), my post
• Pentagon Federal CU - 5.42% (min $1K), my post
• Transportation Alliance Bank - 5.34% ($1K min)
• USA FCU - 5.33% (min $1K) my post
• Agriculture FCU - 5.25% (min $1K), my post
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• GMAC Bank - 5.20% (min $500)
• Washington Mutual - 5.00% (min $1K) (47 months)
• Countrywide - 5.00% (min $10K)
• Self-Help Credit Union - 4.90% (min $500), my post

60-Month Certificate of Deposit:

• Members Credit Union - 6.00% (min $2K), my post
• Fort Belvoir FCU - 5.90% (min $1K), my post
• Melrose CU - 5.82% (min $5K) my post
• E-LOAN - 5.75% ($10K min), my post
• Agriculture FCU - 5.65% (min $1K), my post
• AmTrustDirect - 5.50% (min $1K) my post
• Pentagon Federal CU - 5.42% (min $1K), my post
• Transportation Alliance Bank - 5.34% ($1K min)
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• GMAC Bank - 5.20% (min $500)
• VirtualBank - 5.15% (min $10K), my post
• Imperial Capital - 5.15% ($2K min), my post
• ETrade Bank - 5.00% (min $1K), my post
• Countrywide - 5.00% (min $10K)
• Self-Help Credit Union - 4.92% (min $500), my post

84-Month Certificate of Deposit:

• Pentagon Federal CU - 5.42% (min $1K), my post
• CapitalOne/Costco - 5.26% (min $5K, Costco members only)
• EmigrantDirect - 5.20% (min $1K)
• Countrywide - 5.00% (min $10K)

High Rates with Conditions - Open to All

• 10% Savings Account for kids ($500 max)
• 6.01% 3-month intro rate on checking account
• 6.00% Savings Account for $75k+ Deposits
• 6.00% 3-month intro rate on Money Market account
• 6.00% 60-months CD with $25K min
• 5.45% Money Market Account with $250K initial deposit
• 5.40% Money Market Account with $25K min
• 5.36% Money Market Account at Bank of America with $50K+
• 5.25% Money Market Account with $25K min

Checking and Saving Accounts at Local Banks/Credit Unions

• 6.00% Checking Account up to $25k (Arkansas)
• 6.00% Checking till March 2007 (Florida)
• 5.50% Money Market Account for 3 months (New York)
• 5.50% Money Market Account for 3 months at Banco Popular (CA)
• 5.25% Money Market Account (Utah)
• 5.25% no-minimum online savings account (New York)
• 5.25% low-minimum online savings account (California)
• 5.15% Savings Account (Massachusetts)
• 5.11% Money Market Account (Wisconsin)
• 5.00% Money Market Account (Washington State)
• 5.10% savings account (Pennsylvania)

CD Specials at Local Credit Unions/Banks Over the Last Two Months

Terms of 60 Months and Over

• 6.53% 60-Month CD at a Ohio CU (Ohio HealthCare)
• 6.50% 60-Month CD at a Michigan CU (Metro)
• 6.25% 73-Month CD at a Minnesota CU (Minnesota Valley)
• 6.25% 61-Month CD at a Michigan CU - Open To All (Telcom)
• 6.25% 60-Month CD at a Utah CU (Pacific Rails)
• 6.18% 60-Month CD at a Ohio CU (Ohio HealthCare)
• 6.16% 60-Month CD at a South Carolina CU - IRA $50K+ (SAFE FCU)
• 6.14% 60-Month CD at a Ohio CU (Emery)
• 6.00% 60-Month CD at a North Carolina CU (open to all)
• 6.00% 60-Month CD at a Utah CU (Family First)
• 6.00% 60-Month CD at a Florida Bank (First State)
• 6.00% 60-Month CD at a Illinois CU - Open to All (Oak Trust)
• 6.00% 60-Month CD at a Pennsylvania CU (Patriot)
• 5.92% 60-Month CD at a Texas CU (Greater Texas FCU)
• 5.88% 60-Month CD at a Utah Bank (State Bank)

Terms of 24 Months to Under 60 Months

• 6.66% 36-Month CD at a Virginia CU (Loudoun)
• 6.56% 36-Month CD at a Multi-State CU - Variable IRA (Western)
• 6.48% 24-Month CD at a California CU - IRA Variable (CAHP)
• 6.43% 36-Month CD at a Alabama CU (Energon)
• 6.25% 24-Month CD at a North Carolina CU (United Services)
• 6.25% 36-Month CD at a South Dakota CU (Watertown)
• 6.25% 33-Month CD at a Michigan CU (Metro)
• 6.17% 24-Month CD at a Iowa/Alabama CU (Cornerstone)
• 6.14% 48-Month CD at a Minnesota CU (Lake State)
• 6.14% 48-Month CD at a Carolina CU (Founders)
• 6.00% 36-Month CD at a Iowa Bank (Prime-Based)
• 6.00% 25-Month CD at a Nevada CU (Clearstar)
• 6.00% 25-Month CD at a Kansas Bank (Freedom Bank)
• 6.00% 36-Month CD at a Illinois Bank (First Bank of Highland Park)
• 6.00% 24-Month CD at a Ohio CU (Millstream Area)
• 6.00% 36-Month CD at a Illinois CU (USA One National)
• 6.00% 36-Month CD at a Florida and Iowa Bank - Prime Based
• 6.00% 24-Month CD at a Florida CU (FSU)
• 5.98% 30-Month CD at a Virginia Bank (Farmers)
• 5.80% 24-Month CD at a Texas CU (Resource One)

Terms of 12 Months to Under 24 Months

• 10.00% 12-Month CD at a Philadelphia Bank Continues ($1K Max)
• 10.00% 12-Month CD at a Maryland CU - $1K Max (First Financial)
• 10.00% 12-Month CD at a Houston CU - $5K Max (Smart Financial)
• 10.00% 12-Month CD at a New York CU - $2K Max (Palisades)
• 7.00% 12-Month CD at a Texas CU - DATCU ($2.5K max)
• 7.00% 12-Month CD at a Pennsylvania CU - $2K Max (Erie FCU)
• 6.25% 18-Month CD at a Multi-State CU (Chartway)
• 6.25% 18-Month CD at a North Carolina CU (ElecTel)
• 6.17% 12-Month CD at a Texas CU (Abilene Teachers FCU)
• 6.17% 19-Month CD at a Indiana CU (Steel Parts)
• 6.16% 14-Month CD at a Alabama CU (Energon)
• 6.14% 13-Month CD at a Carolina CU (Founders)
• 6.10% 18-Month CD at a Colorado CU (College CU)
• 6.05% 12-Month CD at a Multi-State CU (Operating Engineers)
• 6.01% 12-Month CD at a California CU (CoastHills)
• 6.01% 12-Month CD at a South Texas CU (La Joya Area)
• 6.00% 12-Month CD at a Georgia Bank (Alpha)
• 6.00% 12-Month CD at a Idaho CU (Idaho Central)
• 6.00% 19-Month CD at a Virginia Beach CU (NMA)
• 6.00% 13-Month CD at a California CU (Sacramento)
• 6.00% 18-Month CD at a South California Bank
• 6.00% 13-Month CD at a New York WaMu Branch
• 6.00% 15-Month CD at a Massachusetts Bank (East Boston Savings)
• 6.00% 15-Month CD at a Multi-State CU (Chartway)
• 6.00% 15-Month CD at a Virginia CU (ABNB)
• 6.00% 14-Month CD at a Chicago Bank (Lincoln Park)
• 6.00% 12-Month CD at a Michigan CU (Peoples Trust)
• 6.00% 14-Month CD at a Arizona CU (Desert Schools)
• 6.00% 18-Month CD at a California CU (Valley First)
• 6.00% 13-Month CD at a Oregon CU (Unitus)
• 6.00% 12-Month CD at a Minnesota CU (TFCU)
• 6.00% 18-Month CD at a North Carolina CU (Riegelwood)
• 6.00% 13-Month CD at a Maryland CU - $25K Max (Mid-Atlantic)
• 6.00% 20-Month CD at a Georgia CU - No Penalty (CGRCU)
• 6.00% 12-Month CD at a Colorado CU (College CU)
• 5.85% 12-Month CD at a Utah CU (Family First)
• 5.85% 12-Month CD at a Texas Bank (Century)
• 5.85% 15-Month CD at a TX/CO Credit Union (Security Service)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado CU - $2K Max (Elevations)
• 8.30% 8-Month CD at a Arizona CU - $8K Max (Arizona Holsum)
• 8.00% 8-Month CD at a California CU ($5K max)
• 8.00% 7-Month CD at a Michigan CU - $2.5K Max (Consumers)
• 7.25% 7-Month CD at a New York / Pennsylvania CU (Visions)
• 7.00% 6-Month CD at a CA Credit Union - $5K Max (Pacific Service)
• 7.00% 7-Month CD at a California CU - $2.5K Max (USE)
• 7.00% 7-Month CD at a San Diego CU - $2.5K Max
• 6.25% 9-Month CD at a Nevada CU (WestStar)
• 6.25% 6-Month CD at a Montana CU (Missoula FCU)
• 6.25% 9-Month CD at a California CU ($5K max)
• 6.24% 6-Month CD at a Ohio CU (Fremont)
• 6.15% 7-Month CD at a Kentucky CU (Fort Knox)
• 6.15% 7-Month CD at a Texas Bank (Brenham)
• 6.14% 7-Month CD at a North Carolina CU (Carolina Mountains)
• 6.01% 6-Month CD at World Savings North Las Vegas
• 6.00% 6-Month CD a Citibank Texas
• 6.00% 6-Month CD at a Georgia Bank (Alpha)
• 6.00% 7-Month CD at a Illinois CU (CEFCU)
• 6.00% 6-Month CD at a Florida CU and $50 Checking Account Bonus (MIDFLORIDA)
• 6.00% 9-Month CD at a New York Bank (Elmira Savings)
• 6.00% 7-Month CD at a California CU (Cal State 9)
• 6.00% 6-Month CD at a Texas Credit Union (Lone Star)
• 6.00% 10-Month CD at a Kansas CU (Central Star)
• 6.00% 9-Month CD at a California CU (Valley First)
• 6.00% 7-Month CD at a Credit Union Open to All (NASA FCU)
• 6.00% 6-Month CD at a Florida Bank (United Heritage)
• 6.00% 10-Month CD at a Colorado CU (BCS)
• 6.00% 6-Month CD at a Florida Bank (United Heritage)
• 6.00% 10-Month CD at Arizona Central Credit Union
• 6.00% 11-Month CD at Arizona State Credit Union
• 5.92% 11-Month CD at a Georgia Bank (Cherokee)
• 5.90% 11-Month CD at a California CU (American River HealthPro)
• 5.90% 5-Month CD at a Alabama CU (Legacy FCU)
• 5.85% 7-Month CD at a Illinois Bank (First Suburban)
• 5.80% 5-Month CD at a California CU (Orange County)
• 5.80% 9-Month CD at a Georgia Bank (Seasons Bank)
• 5.80% 10-Month CD at a California CU (Tech CU)
• 5.80% 6-Month CD at a Phoenix Bank (Copper Star)
• 5.78% 8-Month CD at a California CU (CommonWealth Central)
• 5.77% 7-Month CD at a North Dakota/Arizona Bank (First International Bank and Trust)
• 5.76% 11-Month CD at a Wisconsin Bank (Superior Savings)
• 5.75% 6-Month CD at a California CU (SAFE)
• 5.75% 8-Month CD at a California CU (OCTFCU)
• 5.75% 9-Month CD at a Missouri Bank (St. Louis)
• 5.75% 3-Month CD at a Missouri Bank (St. Louis)
• 5.75% 8-Month CD at a Florida Bank (FBC)
• 5.71% 8-Month CD at a Florida Bank (First Commercial)
• 5.70% 9-Month CD at a New York CU (Bethpage)
• 5.70% 6-Month CD at a Tennessee Bank (BankEast)
• 5.70% 7-Month CD at a California CU (Water and Power)
• 5.65% 9-Month CD at a California Credit Union
• 5.60% 7-Month CD at a North East Bank (Hudson City Savings)
• 5.60% 6-Month CD at a Texas CU (Resource One)

Savings Account/CD Alternatives

• Money Magazine article on risk-free investments
• Fidelity Money Market Fund - 5.02% 7-day yield ($100 bonus and other info)
• Paypal Money Market Fund - 5.04% 7-day yield (1% cashback debit MasterCard)
• FW Thread on Treasury Bills
• I Bond Rate Starting May 2006, I Bond Article, I Bonds as CD Alternatives
• SmartMoney Brokerage Survey

[Edited 10/02/06: Removed 6.14% 48-mo CD at Fayette Savings Bank which had expired]