Dedicated to Deposits: Deals, Data, and Discussion

Finding the Best Bank Rates and Deals #5

POSTED ON BY

This post is intended to be a place where readers can share info on the best bank deals. Your help is much appreciated. Also, I'm including a list of websites that list the best 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 fifth 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 or email me at bankdeals at gmail dot com.

Don't worry about being absolutely sure that a deal is new and worthwhile. 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
276 Comments.
Comment #1 by Anonymous posted on
Anonymous
Hi,
Eastern Financial Credit Union in South Florida is offering a pretty decent deal on a 7 mos CD at 5.75% if you open it with direct deposit. It only requires a 500.00 minimum investment Here's the URL:
http://www.effcu.org

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the comment. That is a good deal. Here's the post I did on that last month.

1
Comment #3 by Anonymous posted on
Anonymous
Now that you've got me searching for deals :), I found an ad in the local paper for a 6% 3 month cd at 'Bank CD Central', which I had never heard of.

Ventura County Star
http://display.venturacountystar.com/ROP/Subcat.aspx?cat=5614

I googled the 'bank cd central' & found no bank, but rather a site where they are marketing a setup where they sell the clients info as leads to brokers, etc.
http://www.bankcdcentral.com/

Checking out the other sites Google brought up from this I found the same ad with different per cents, locations.

Here is a snippet of what they say on their site

"When a ready-to-buy prospect responds to the ad, our operator will ask for all the appropriate information about the caller. The caller will then be told that he or she will be contacted very soon.

The operator will immediately email you and also will post to your hidden web page (which we provide) the caller's contact data for your follow-up call. Because the prospects are calling YOU, this procedure allows you to reach, without searching, many truly interested, pre-qualified prospects who may be on the do-not-call lists.

We will provide you with forms and procedures for Buy-up CDs."

What a scam. I wonder if this is legal? Certainly dishonest.

Guess I didn't find a 'deal' this time, except, maybe, for the heads up. ;)

1
Comment #4 by Anonymous posted on
Anonymous
Not sure where I found this California CU, but, Ventura County CU is offering a 6% APY 12mo. certificate w/No fees ($1,000 new money req'd). Was able to avoid the direct deposit requirement because of self employed status and a reasonably large opening amount. The checking (w/free checks) account requirement can be drawn down to 0 after opening.

http://www.vccuonline.net/

Field of membership covers a large area including 'All Residents of Ventura and/or Santa Barbara Counties'

1
Comment #5 by Anonymous posted on
Anonymous
Found this through Bankrate.com's Top Tier Awards.

Ascencia Bank has a 6-month CD with a 5.37% APY (min. $500, max. $100,000).

http://www.ascenciabank.com/

Click on "Check Our Rates" or "RATES."

1
Comment #6 by Anonymous posted on
Anonymous
Royal Credit Union in Eau Claire, WI (www.rcu.org) is offering $50 for opening a checking account. New members and existing members with no current checking accounts with RCU are eligible for the deal.

More details on the website.

1
Comment #7 by DUCK (anonymous) posted on
DUCK
Hi,
just found a decent checking account from Alliance bank found it in "Hunt county shopper" local free paper (Sorry I can't scan broke it during move)have seen a few braches scattered around the countys of Dallas area it's as follows 5.25% Apy ($100/min) up to 25K PLUS* Refund other banks atm's(Up to $50 per statment), free checks,check card,onlinebanking,and bill pay *Requires* No online opening of this account(told anyone anywhere can open though), Valid (to open and maintain)email to access /receive statement electronicaly,At least one log in to website(online banking)each month, direct deposit and/or (1)ACH debit(ie. credit card,car insurance,phone/electric bill) per statement cycle. Website http://www.alliancebank.com/
I called the bank to confirm this ad girl told me there is no date to when this ends or how long this rate will last but not to bad to keep liquid cash and is also a B&M building if you need them.
Thanks again Banking Guy

1
Comment #8 by Anonymous posted on
Anonymous
Founders Federal Credit Union has a 6.24% APY for 48 mos. CD for
IRA acconts.

You reported on Founders FCU in the fall of 2006.

1
Comment #9 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the posting the deals. I've included many in new posts.

About Founders, I didn't see this rate on the their website. Is this a special that hasn't come out yet?

1
Comment #10 by Jimbo (anonymous) posted on
Jimbo
Here's an interesting one. Eagle Bank branch in suburban St. Louis has a marquee saying special Super Bowl CD 12 month 5.35 APY. It isn't mentioned on their web site. I called today for details. It's guaranteed 5.25% (5.35 APY) but depending on how many points the winning Super Bowl Team scores, it will be adjusted up. CSR said, for example, if the winning team scores 20 points the 5.25 base will increase to 5.45 and the APY accordingly. Minimum is only 1K. The rate is retro active to the date the account is opened if you open the account before the Super Bowl. Go Chicago Bears!! http://www.eaglebankandtrust.com/site/bank_manchester.html

1
Comment #11 by boba (anonymous) posted on
boba
Pentagon Federal Credit Union (https://www.penfed.org/)is offering 6.25% on 3,4,5 & 7 year CDs. Like most credit unions you have to put $5 in a share account. If you are not in the military, you can join the National Military Family Association for $20 to qualify.
I have had CDs with them for some time, you can let the interest add to the CD or have it go in your share account, then use and ACH pull to move it whereever you want.

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Comment #12 by Anonymous posted on
Anonymous
Founders Federal Credit Union: the IRA rates is per their rate sheet that was part of their newsletter that came with the monthly statement yesterday.

1
Comment #13 by Cyclone (anonymous) posted on
Cyclone
GMAC went down again. Now its 5.10% APY for $500+

1
Comment #14 by scott (anonymous) posted on
scott
http://www.virtualbank.com/Banking/CDs.aspx
Virtual Bank has bumped up 3 month CD to 5.50%. For anyone with their eMoney account this is a very simple CD to open

1
Comment #15 by Anonymous posted on
Anonymous
Very good art. in todays Wall Street Journal, c section: "Banks'
Cry: "Give us your cash" ". "Desperate for deposits, they pull out the stops."

This art. is a must read for all of bank deal junkies. It is because of us junkies, they are short of cash. We are no longer willing to get .15% from a dda accounts.

Per the art., the top 10 banks in the USA controls 40% of the deposits. This is hugh!!!!

Many thanks to you, Mr. Banking Guy. Please keepup the great work.

1
Comment #16 by Anonymous posted on
Anonymous
Is there a way anybody could copy and paste that article from the Wall Street Journal somewhere? I'd like to read it, but you have to subscribe and online it costs $80 a year....

1
Comment #17 by Anonymous posted on
Anonymous
countrywide dropped 3 month CD rate to 5.35 APY (from 5.40%)
Interesting enough, savingsline account with balance over 50K still offers 5.40% APY

1
Comment #18 by Banking Guy (anonymous) posted on
Banking Guy
Anonymous, thanks for posting the article, but unfortunately, copyright law requires me to remove it. I wish the WSJ didn't follow a high cost subscription model. The best I can legally do is this post on the article with quotes and commentary.

1
Comment #19 by scott (anonymous) posted on
scott
http://www.salemfive.com/eSavingsHome/learn/?refr=hp
Just found Salem Five has a new Product called eSavings with an APY of 5.25%. You also have to open a linked eChecking account. Both require just $100 min and must be done online. You must make 3 bill payments a month to get the 5.25%. Also has free Worldwide ATM and they reimburse fees charged by other banks up to $10 a month

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Comment #20 by Anonymous posted on
Anonymous
I can't find the 6% Dime deal; is it dead? Or can someone give a URL?

1
Comment #22 by Anonymous posted on
Anonymous
www.dollarbank.com has a decent deal of 5% for their savings if you maintain $5000 balance. This is their e-savings product, you are also required to have a free e-checking account, which pays you .10 for each time you use your debit card, and .05 each time you use their billpay. Minimum for checking is $50, and 2 billpays.
I would say this is local from between Cleveland, OH and Pittsburgh, PA. So basically OH & Western PA, for sure.

1
Comment #23 by Anonymous posted on
Anonymous
Gloucester County Federal Savings Bank CyberSaver

http://www.gcfbank.com/cybersaver.asp

5.61% APY $25K +
3.03% APY $500-$25K
1.00% APY $100-$500

Max tier rate on all accounts for first 90 days

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Comment #24 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on the CyberSaver account. I had posted on it in early December. Glad to see the rate is still at 5.61%.

About dollarbank.com, thanks for the info. I'll post on this tomorrow. It has some similarities to the Salem Five savings/checking account (Thanks Scott for mentioning this. I posted on it here.)

About Dime Bank's 6% deal, please refer to this December post.

1
Comment #25 by Adam (anonymous) posted on
Adam
from this FW thread http://www.fatwallet.com/t/52/693809/ if you put $10k in the Suntrust Premium Money Market Performance Account http://promotion.suntrust.com/airtran/ you'll get a free round-trip AirTran Airways ticket. seems like the rate on the account varies by state? https://www.suntrust.com/portal/server.pt?space=CommunityPage&cached=true&parentname=CommunityPage&parentid=10&in_hi_userid=2&control=SetCommunity&CommunityID=472&PageID=0

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Comment #26 by Anonymous posted on
Anonymous
Eastern Financial Florida Credit Union is offering a 5.75% 7 month cd with direct deposit. effcu.org

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Comment #27 by instoremarketer (anonymous) posted on
instoremarketer
Here's a 5.36% deal on $15K minimum:

First Advantage Bank

1
Comment #28 by Anonymous posted on
Anonymous
7 7 7 Promo at Mid American CU:

http://www.midamerican.coop/news.php#777

-thecpa-

1
Comment #29 by Anonymous posted on
Anonymous
8.85% (6mnth term certificate--wtf is that?) with only capital gains:

http://www.federalsavingsusa.com/More+About+Offer.html

This seems WAY too good to be true. I can't tell if this is FDIC backed or not. Does anyone know if this is a scam or the real deal?

Greedily and curiously yours.

1
Comment #30 by Banking Guy (anonymous) posted on
Banking Guy
Good to see the 5.75% CD is still available at Eastern Financial Florida Credit Union. Please refer to this December post for more info.

Thanks instoremarketer for the CD info. A 5.36% APY 11-mo CD is not too bad nowadays.

thecpa, thanks for mentioning that 777 promotion. Unfortunately, the CD has a maximum deposit of only $700.

anonymous, that bank is not FDIC insured and they seem to have some misleading info (like the "About FDIC" icon on the bottom right of their home page.)

1
Comment #31 by Anonymous posted on
Anonymous
ON: 8.85% (6mnth term certificate--wtf is that?) with only capital gains:
At bottom of page it states
"*APY is the annual percentage yield on invested funds. Funds may not be added to a Federal Savings term certificate during the term of the certificate. A term certificate does not represent a bank checking or savings account, federally insured deposit account, loan or security. The APY in effect at the time a term certificate is executed is effective for the full term "
Not a very good return in the market for a 8.85 apy My MLP's pay me more than that

1
Comment #32 by Anonymous posted on
Anonymous
Phoenix, AZ - Amtrust Bank opened a new branch in the Ahwatukee section of Phoenix. They have a grand opening special money market account offering a 6.00% APY with balances over $50K. I don't know if this is in person only or can be done by mail. You can call them at (480) 704-1288 to get the more details.

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Comment #33 by Mitch (anonymous) posted on
Mitch
The State Bank of India's New York branch raised the APR on its one-year jumbo (minimum $95K)to 5.4%, yielding 5.51%. Monthly payment of interest is available by free wire transfer.

1
Comment #34 by Anonymous posted on
Anonymous
Fatwallet posters think the Federal Savings deal is a scam:
http://www.fatwallet.com/t/52/694913/

1
Comment #35 by Anonymous posted on
Anonymous
www.MandTbank.com is offering $100 if you open in acount with them. Check the website for details.

1
Comment #36 by PaulH (anonymous) posted on
PaulH
Kaiser Federal Bank (9 branches in California) is offering 6.00% APY for their IRA-CD (5-year term).
The minimum desposit is $225,000.
(IRA-CD's are FDIC insured for up to $250,000.)
www.KaiserFederal.org
So this is a good deal for someone with mucho money to put away for retirement.
Can ANYONE find any other bank (not a CU) with a CD for 6.00% APY or more?

1
Comment #37 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for posting the deals.

paulh, thanks for the info on Kaiser Bank. That IRA-CD is a good deal. I had posted on Kaiser in this November post. Only that IRA-CD remains with the high rate. Note, I was told by a Kaiser CSR that you have to live in California to open an IRA at their bank.

For a complete list of high rate CDs, please refer to my weekly summary. I'll be updating it tomorrow. Penfed is still offering 6.25% APY CDs on terms from 3 to 5 years.

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Comment #38 by Michael Shedlock (anonymous) posted on
Michael Shedlock
Cheers
This should bring you some hits

Credit Swaps And Bond Yields
http://globaleconomicanalysis.blogspot.com/2007/01/credit-swaps-and-bond-yields.html
Mish

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Comment #39 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the link Mish. I found your post on bond yields interesting. CDs look like a better place than bonds now. As you said "where is the risk/reward for junk bonds when you can get nearly the same yields in CDs?"

1
Comment #40 by Anonymous posted on
Anonymous
There is a 1 year flex cd at 5.3% at Parkway Bank in Chicago.It is not on the banks web site but it was advertised in the Chicago Tribune. When I called the bank, they told me the cd was tied to the Fed rate- if the Fed rate went up the cd rate went up. However it could only go up .25% and I think they said that you could only raise it once.

1
Comment #41 by Anonymous posted on
Anonymous
Northrup Grumman CDs are callable by the CU.

"NOTE: The Board of Directors may redeem term accounts prior to the expiration of the maturity date upon thirty (30) days notice."

http://www.norgrumfcu.org/tnc/tnc_00.html

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Comment #42 by George (anonymous) posted on
George
Apple Bank's "789" promotional code (reported as earning a $25 opening bonus) does not appear to be valid anymore. I just opened an account with them on 1/18/07 with a $100 deposit and used the code, but no additional funds were placed in the account. Perhaps there's a time delay or a higher minimum required? The bank still offers a great rate, so I've got no regrets.

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Comment #43 by Anonymous posted on
Anonymous
Banking Guy... Have $53K in tradional IRA coming due. What is your gut on locking it in for 7yrs compared to 5yrs at 6.25%

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Comment #44 by Anonymous posted on
Anonymous
Discover Bank has CDs at 5.25% APY for 3mo-1yr terms; minimum deposit 2.5K.

http://www.discoverbank.com/index.asp?pID=rates#cd

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Comment #45 by Anonymous posted on
Anonymous
A big problem with a 7 year Penfed CD is that the early withdrawal penalty is a year instead of 6 months like the 3 to 5 year ones have. Who can predict what will come up in a few years necessitating an early withdrawal? There is also a significant possibility of major inflation that far in the future.

1
Comment #46 by Anonymous posted on
Anonymous
Clicking on one of the ads
that appears in the right column of your web site leads to the following web site:
http://www.wealthygeek.com/results.aspx?keywords=high%20interest%20rates

At the time I clicked on the link that web site had an ad for a 5.25% APY money market account with no minimum balance at Netbank. (Their current MM pays around 3% and requires a $500 balance to avoid fees.)

Clicking on the ad does not lead to any such offer and there in no such offer on the Netbank web site.

Maybe this is just a typo or maybe they have prematurely released an ad for a new product that they are soon going to offer?

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Comment #47 by Anonymous posted on
Anonymous
If by any chance you are over 59 1/2, there is no reason not to get the 7 year CD at PenFed for your IRA. PenFed waives the early withdrawal penalty for IRA CDs for customers who are over 59 1/2.

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Comment #48 by scott (anonymous) posted on
scott
American Bank has a 7 Month CD at 5.70%, Has an online application you can print and this usually means you can do my mail. I sent them a EM asking and will update with answer. As with some past banks specials I would not doubt they will say yes until the Internet affect and then they will close to out of State
http://www.am-bank.com/Index.cfm?cat=3&Page=deposit/Main.htm

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Comment #49 by Anonymous posted on
Anonymous
Ther is a 5.4% 9 month cd at Builders Bank. I read about it in the Chicago Tribune and it is also on the bank's website

1
Comment #50 by Anonymous posted on
Anonymous
Things are getting better for us in NY! Bethpage federal credit union is offering a 5.50 APY 16 month Cd and a 5.35 12 month cd.

Here is the link:
https://www.bethpage.org/site/home.shtml

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Comment #51 by Jimbo (anonymous) posted on
Jimbo
World Savings has an internet CD 10 months for 5.45% APY. www.worldsavings.com

1
Comment #52 by Anonymous posted on
Anonymous
Dime Savings Bank has 3 month MMA at 6.00% APY. Although I participated in this last summer, they sent me another invitation. The invite letter has a promo code but you don't seem to need one if you go to their site.

http://dimedirect.com/promotions/offer3.asp

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Comment #53 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for your comments.

Scott, thanks for the note on American Bank. I did a post on them in on Jan 10th. I also emailed them about if they require a branch visit. They never replied. Please let us know if you get a reply.

I'll post on Bethpage and Builders Bank tomorrow. Thanks for the rate info!

That World Savings CD special is a decent deal. Please refer to my Jan 19th post for more info.

About Dime Bank, thanks for the info. You might want to confirm that you are eligible for the promo. Sometimes they don't do much checking when they send out mailers. Please let us know if you are able to get in on it again. Here's my latest Dime 6% promo post.

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Comment #54 by Anonymous posted on
Anonymous
Thanks to the person who pointed out that Pentagon Federal has no early withdrawal penalty on IRA CDs if you have reached age 59 1/2. (It doesn't apply to non-IRA CDs.)

I have an IRA CD there but didn't notice that nice feature.

See page 15 of their online IRA booklet
https://www.penfed.org/pdf/accountsforms/IRAweb.pdf

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Comment #55 by Anonymous posted on
Anonymous
With a Pentagon IRA CD, you can also request that the interest rate be adjusted if Pentagon posts higher rates. I've been told that you can do this as often as you want.

The rate can be adjusted with a phone call.

The CD's duration is then extended - that is, you get a new starting date for the CD as of the day the rate is adjusted.

Not a problem if you are over 59 1/2 since you can withdraw funds w/o penalty anyway.

1
Comment #56 by Anonymous posted on
Anonymous
Washigton First Bank has 12 month cd promo with 5.5% interest.

1
Comment #57 by Anonymous posted on
Anonymous
banking guy,

you may want to post somewhere out there the deficiencies of PenFed's system with regards to credit card transaction downloads.

i got one of those cards and regret it. to download your transactions into quicken you have to go through several steps and clicks and then if you do so every day like i do, you must sift through your transaction and pick the ones you have not downloaded yet ... it is cumbersome and archaic if you ask me. my citibank divident credit card throws everything into quicken itself when i do the one step update and i don't have to waste time. had i known that penfed is so backwards in that respect i would have never applied for this card...it is not worth the 5% cash back on gas..really...and others may feel the same way too...

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Comment #58 by Anonymous posted on
Anonymous
I saw an ad in Wednesday's Chicago Tribune for a Super 7 deal at Citzens Bank & Trust in Chicago. It's a 7 month cd at 7.77% with a $2500 max. The bad thing about this deal is that you are required to have an equal amount in some other account at the bank. I tried to find a website for this bank but couldn't.

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Comment #59 by Anonymous posted on
Anonymous
same anonymous person who posted the previous two notes here. i forgot this:

i opend a savings with gloucester county federal bank and their customer service is UNREAL!! THE BEST!! i am very happy with them. they must be small because i get to speak to the same wonderful person when i call who makes things happen for me in record time and very professional too.

highly recommended.

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Comment #60 by richmondbankbeals.blogspot.com (anonymous) posted on
richmondbankbeals.blogspot.com
Partners Financial FCU has a 5-year CD at 5.69% APY. Min's $10,000.

Virginia CU has a 5-year CD at 5.68% APY. It's open to anyone who works for any government entity in Virginia, pretty much.

Baylands FCU has a 35-month with "JumpUp" at 5.64% APY.

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Comment #61 by Anonymous posted on
Anonymous
Just called NFCU re their CD's. There is going to be a new one on Feb 5, minimum $8000, 15 month, 6%

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Comment #62 by DUCK (anonymous) posted on
DUCK
Found Nissanfcu looking for the website of the one listed above this NFCU I have one coming due in feb so I wanted to check out website.So what is NFCU (navyfed)
nissanfcu has a 5.5% 12m with5.62 apy 1k min limited time limited field membership check site
https://www.nissanfcu.org/index_secure.php

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Comment #63 by Anonymous posted on
Anonymous
hey, Im so glad the NC Banking Commission referred your blog to me ; yes I was considering the Millennium sink- hole , too, I believe 5 1/4% fdic sounds just fine with me !! Go Treasury Direct!!Happy investing ! I really didn't want to fund terrorism anyway , really.

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Comment #64 by Anonymous posted on
Anonymous
Re: PenFed IRA rate upgrade.

Has anyone here actually done that before age 59 1/2?

I talked to two different phone agents at their excellent phone center and both said it applies only if you are 59 1/2.

Also, that is what it says in the CD terms on page 15 of their online IRA booklet
https://www.penfed.org/pdf/accountsforms/IRAweb.pdf

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Comment #65 by Anonymous posted on
Anonymous
Re the PenFed rate upgrade:

I and others I know have done the upgrade recently but we are all over 59 1/2.

Don't know of anybody under 59.5 who has done it.

Conclusion that upgrades are available only to those over 59.5 seems correct.

1
Comment #66 by Anonymous posted on
Anonymous
So does anyone know how the some one not tied to the Navy in any way, shape or form would be able to join Navy FCU and get in on the 15m 6%. Is there an orginization or associatioin to join similar to Pentagon?

1
Comment #67 by Anonymous posted on
Anonymous
First Coweta Bank in Newnan, GA has an ad in the local papers offering a 5.92% APY cd rate in 1,3 or 6 month terms with min. $500 deposit. It began on 1/3/07, but I think it is running at least until 2/3. www.firstcowetabank.com

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Comment #68 by Anonymous posted on
Anonymous
GMAC went down again--to 5.0% for $500 plus.

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Comment #69 by Anonymous posted on
Anonymous
I am also trying to find a way to join the Navy CU. If they are going to offer a 15mo 6% CD shortly, I sure would like to get in "on the action". My current CD matures 2/2, so I need a high interest spot to place it soon. Thanks again.

1
Comment #70 by shrazzy (anonymous) posted on
shrazzy
I'm glad I didn't sign up for GMAC. They change their saving APY all the time and now with 5.00% APY they are in the bottom.

1
Comment #71 by Anonymous posted on
Anonymous
Dime Savings Bank Update:

I was able to open up an account in their 3 mo. 6.00% MM promo even though I had participated in it just this past summer.

I went to a branch but you can open up an account over the internet with no promo code. They said that as long as you do not presently have a promotional account with them, you can participate in the new promo, even if you had done so previously.

MG

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Comment #72 by Anonymous posted on
Anonymous
Washington Mutual....5.00% checking and free checks for life with statement savings....

1
Comment #73 by Anonymous posted on
Anonymous
Hi

Century Bank ( Texas) is Having a checking account promotion starting Feb 1st. Open a new checking acct and get 50.00 deposited into account. No DD required.

1
Comment #74 by Anonymous posted on
Anonymous
HSBC is having a 6.0% interest promo for new money through April 30.
http://www.hsbcdirect.com/1/2/1/

For the FAQ as to what is new money:
http://www.hsbcdirect.com/1/2/1/osa/faq/top10?code=M0900007AQ

Thanks to FatWallet for this.

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Comment #75 by Anonymous posted on
Anonymous
Anyone ever hear of or try www.aabincorporated.com where they claim to be the "Home of the 15% CD." just curious... thanks for the help

1
Comment #76 by Anonymous posted on
Anonymous
Until April 30, your HSBC Direct Online Savings Account gives New Money 6.00% APY*.

http://www.hsbcdirect.com/1/2/1/

Ted

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Comment #77 by Anonymous posted on
Anonymous
Someone mentioned a site offering "15% CDs." That is not a CD, it is an investment deal from a realtor.

"Secured by a notarized Promissory Note by a California licenced corporation"

Wow!!! I'm so glad it's notarized.

1
Comment #78 by Max (anonymous) posted on
Max
I think Wachovia just started offering another $50 promotion for opening up a checking account. The link is here: http://www.wachovia.com/misc/0,,633,00.html
Might be worth a look at.

1
Comment #79 by Anonymous posted on
Anonymous
First Republic has a special 5-month CD special: 5.21% interest rate and 5.35% APY.

http://www.firstrepublic.com/dep/cd/rates.asp

1
Comment #80 by Max (anonymous) posted on
Max
I was browsing the Citibank site and I am not sure if I found an error or not. It might be that Citibank is in the process of lowering the rate of the e-savings account to 4.75 APY. Though a lot of banners on the site still say 5%, if you look closely those APY's fine print says valid as of 1/23/07 and the main page that says 4.75% says valid as of 1/29/07. Again I am not sure if this is just a mistake, but just wanted to let everyone know that there might be a rate decrease.

1
Comment #81 by Anonymous posted on
Anonymous
After visiting the "15% CD" site, I feel that I am now covered in snake oil and should go take a bath.

1
Comment #82 by Anonymous posted on
Anonymous
Citibank is offering a $25 gift card from Sears when you open a ESavings accounto W/ easy checking

Here is the link to prohttp://citi.bridgetrack.com/CBOL/07/esavings/sears/default.htm?Promo_ID=CS2M&BTData=4021173726A61745D55424ABFBEB1ABA69B978490FDF8F2ECEAC5C2D64F71D12&BT_TRF=490877&OFR=ES%5FP%5FCBOL%5F01072%5F1T&ID=F4E1E49FF42B1C49E034080020AA4810&SESN=011330332007&OFFER_ID=ES%5FP%5FCBOL%5F01072%5F1T&OFFER_CODE=&ENROLLMENT_IND=&PROMOTION_ID=&speedbump=NW&CAMPAIGN_CODE=&LOCID=STDB&GRPID=SEARS&SITEID=SEARS&PAGEID=10004&PID=SMC&ProspectID=FB4DF5F60D8146AAAC8FD4E794FE9F0F.

1
Comment #83 by Anonymous posted on
Anonymous
$25 gift card from Sears..
Here is the promo code CS2M
Here is the link

http://citi.bridgetrack.com/CBOL/07/esavings/sears/default.htm?Promo_ID=CS2M&BTData=4021173726A61745D55424ABFBEB1ABA69B978490FDF8F2ECEAC5C2D64F71D12&BT_TRF=490877&OFR=ES%5FP%5FCBOL%5F01072%5F1T&ID=F4E1E49FF42B1C49E034080020AA4810&SESN=011330332007&OFFER_ID=ES%5FP%5FCBOL%5F01072%5F1T&OFFER_CODE=&ENROLLMENT_IND=&PROMOTION_ID=&speedbump=NW&CAMPAIGN_CODE=&LOCID=STDB&GRPID=SEARS&SITEID=SEARS&PAGEID=10004&PID=SMC&ProspectID=FB4DF5F60D8146AAAC8FD4E794FE9F0F

1
Comment #84 by James V. (anonymous) posted on
James V.
Regarding First Coweta Bank CDs with 5.92% APY. I spoke with them today regarding a 6 mo CD and the CSR said that you could not open this CD if you live in another state (other than GA). They said that after 9/11 their auditors are concerned that they have to "know thier customers" and consequently, you have to go into a branch to open one of these CDs. This seems a strange policy that I haven't encountered before, but that's the deal.

1
Comment #85 by Anonymous posted on
Anonymous
Hello Banking Guy,
Saw this 8Mo/6%APY via postal mail and onliine at San Mateo Credit Union (in California) www.smcu.org. Seems to require in-office visit to open. FOM requires residing, working, or student in San Mateo County, CA.

The online ad follows....
"DISCOVER THE TREASURE OF OUR
8-MONTH 6% APY* WESTLAKE CERTIFICATE

We’re celebrating our newest branch located at 415 Westlake Center in Daly City. That’s why we’re offering a limited-time jewel — the SMCU “Discover Westlake” 8-month share certificate with a rate of 6% APY.*

To take advantage of this limited-time offer, stop by your nearest SMCU branch today! For more information, call (650) 363-1725 or (888) 363-1725."

Thanks to you and others for the great tips.

1
Comment #86 by Anonymous posted on
Anonymous
Regarding First Coweta Bank CDs with 5.92% APY, and the post this morning, the "Deal" CD's are no longer listed on their rates page effective today, Jan 30, 2007.

a regular reader

1
Comment #87 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the updates on Coweta Bank. I've added your comments in that post.

About the San Mateo Credit Union 6% CD, thanks for the info. I had reported on it in late December in this post. Did you just recently receive the promo in the mail? A reader had mentioned that this special may now be over.

1
Comment #88 by Anonymous posted on
Anonymous
According to what I read at Sun's site, the Ing Electric Orange checking acct only pays interest each month until you've written your fifth check.

If you were to pay all your bills on the first of the month you would earn no interest:

http://www.thesunsfinancialdiary.com/2007/01/25/more-on-ings-electronic-orange-from-readers-feedbacks/

1
Comment #89 by Anonymous posted on
Anonymous
Two must read art. in todays' WALL STREET JOURNAL (Personal Journal section):

1) "Interest-Rate Outlook Adds Luster To Cash." "With Fed Expexted to Sit Tight, Finanical Planners Steer Clients to Short-Term CD's, High-Yield- Savings Accounts."

2)Credit Problems: What to do You've Been TOO GOOD."

Both of these art. are great. Would cut & paste these art. but Mr. Banking says I can not do so.

Mr. Banking Guy: Great art. of the FDIC & NCUA insurance. Thank you.

1
Comment #90 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on those Wallstreet Journal articles. Those are good articles. I learned from another reader last time that these articles are often licensed to other free newspapers. So I was able to find links to them. Here's the interest rate outlook one and here's the credit problem one. I just did a post with reference to the interest rate article. I'll do another post on the credit one later.

1
Comment #91 by Duck (anonymous) posted on
Duck
DOWN DOWN 3/4% but not out PenFed did change the 3y to 5 now have only 5.36% 5.50% Apy 7y 5.83% 6.00% Thanks banking guy for turning me on to them I took a 3y I dont like going to far out but as your latest post states "rates creeping up" I hope we will see other banks do a few specials to keep money rolling in.

1
Comment #92 by Adam (anonymous) posted on
Adam
according to this FW thread http://www.fatwallet.com/t/52/699794/

you will get a free 15lb sack of rice when applying for the Marukai Hawaii JCB Card.

http://www.jcbusa.com/marukai_campaign_hi.html

valid in California, Connecticut, Illinois, Nevada, New York, New Jersey, Oregon, Washington and Hawaii.

1
Comment #93 by Anonymous posted on
Anonymous
Nationa City bank has a 5.25% money market account. The website is at www.nationalcity.com/save.The rate is good for 6 months and the minimum deposit to get the 5.25% is $5,000. However you also have to open a checking account with $1,500. There is a $100 penalty if you close the account within 270 days

1
Comment #94 by shrazzy (anonymous) posted on
shrazzy
Personal Savings Rate for 2006 Tumbles to Negative 1 Percent, the Lowest Level in 74 Years

1
Comment #95 by Anonymous posted on
Anonymous
Superior Savings of New England is still offering 6-month CD's with 5.6%APY:

http://www.superiorsavings.com/

1
Comment #96 by Anonymous posted on
Anonymous
Superior Savings Bank of New England no longer has the Samm money money market account at 5.5% APY , but their latest money market account is at 5.25%APY and requires $25000 min.. It was not on their website this morning, but I called their customer service at 1-877-RATEPLUS to check on it.

1
Comment #97 by Bozo (anonymous) posted on
Bozo
USAA did the big patoot.

We're talking down, down,
down.

I cannot believe they
tanked their rates for a
five year.

Glad I got mine when I did.

Yours, Bozo

1
Comment #98 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments. Sorry to read about Superior dropping the 5.50% MMA. At least the 5.25% MMA is still available along with the 5.60% CD.

Bozo, I also noticed the drop in USAA CD rates while I was writing up the post on their $150 checking/savings bonus. They seem to lag the rate trends. Perhaps we'll see them go up in the next month or two.

1
Comment #99 by Anonymous posted on
Anonymous
KeyDirect (WWW.KEYDIRECT.COM) is offering 5.25 APY for a Money Market, 6 month CD or a 12 month IRA CD. FDIC insured and available in 37 states. For MMA, 25K to open of new money but it does not appear that it needs to stay there to accrue the 5.25 rate. 5K for CD, 2K for IRA CD. It looks like a good deal. Thanks for all the hardwork in maintaining this site.

1
Comment #101 by Anonymous posted on
Anonymous
Take a look at http://www.federalsavingsllc.com/
FDIC insured. 6 month CD 6.15 APY. Offer expires on 2/6/07. 1K min.

1
Comment #102 by Duck (anonymous) posted on
Duck
Re: Anonymous said...
Take a look at http://www.federalsavingsllc.com/
FDIC insured. 6 month CD 6.15 APY. Offer expires on 2/6/07. 1K min
This is not a fdic insured might lose. It does have a fdic symbol but is investment states it at bottom this is just another special like the other week that got pulled and that banking guy just reported on STAY AWAY if you want to keep your $$$$

1
Comment #103 by Anonymous posted on
Anonymous
PLEASE REPORT TO THE FTC.GOV OR YOUR FBI AGENCY ABOUT THIS WEBSITE: federalsavingsllc.com or federalsavingscorp.com site. It's a scam! They want your personal information, plus it's unsecure, not https, and afterwards, they want your money. Worse, they want you to wire money to an account /ABA bank # that goes to Wells Fargo Bank. Plus, a phoney agreement is written that says this institution is a Delaware company (based on phone number/area code provided), but clearly makes statments that are never in a CD agreement;. It's clearly a scam. Plus, it states it's a subsidiary of First Bancshares; and other banks it lists are not part of First Bancshares. Stay away from this. and as always, always research a bank with the FDIC, as well as other reputable sources. Thanks.

1
Comment #104 by Anonymous posted on
Anonymous
Final note to bankguy; any way you can filter this person's or person's llc ad from your google ads?

1
Comment #105 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the notes regarding Federal Savings. Please see this post about how to verify an institution is federally insured. I highly recommend sticking with institutions that are FDIC or NCUA insured. This site should not show up in the ads anymore, but keep in mind their websites may change.

Scott, thanks for the article. Here's the article link. To avoid copyright complaints, I had to delete the comment. Hopefully, the link will be valid for the next several days.

1
Comment #106 by Anonymous posted on
Anonymous
I see federalsavingsllc.com has a 1-year CD apy 6.25%. It does not say if it is FDIC insured. Anyone heard of this institution.

1
Comment #107 by Anonymous posted on
Anonymous
I hate advertising, but bankrate.com has an article about "Be Wary of High-Yield Internet Offers..." by Laura Bruce that describes suspicious websites that claim to be some financial investment or institution with good CD rate. The article can be found at the following: http://www.bankrate.com/brm/news/investing/20070130_Internet_high-yield_investment_a1.asp?prodtype=invest

1
Comment #108 by Anonymous posted on
Anonymous
Any financial deal that is available only in, say, 37 states is doing something that the regulators in the other states don't allow.

1
Comment #109 by Anonymous posted on
Anonymous
Navy FCU rate of 6% fo 15 months now effective.

1
Comment #110 by Anonymous posted on
Anonymous
The Bank of Coral Gables in Florida is offering a 12 month cd at 5.7% They also have 9 to 60 month cds at 5.65%.The website is at www.coralgablesbank.com

1
Comment #111 by Anonymous posted on
Anonymous
Check out Hillcrest Bank, who is offering a Capital Performance Money Market Account. APY is 5.50% for deposits over $500K; 5.35% for deposits $250K to $500K; 5.25% for deposits $50K to $250K.

The bank's website is http://www.hillcrestbank.com.

To qualify for the Capital Performance Money Market:

- Open a Hillcrest Bank personal checking account
-Maintain a $500 monthly average balance in your personal Hillcrest Bank checking account
- One Direct Deposit into your personal Hillcrest Bank checking account a month
- Apply for a Hillcrest Bank Visa Debit Card

Hillcrest Bank is FDIC insured. For larger deposits, you can use Joint Account and/or Pay-On-Death account registrations to increase your FDIC coverage above $100K.

1
Comment #112 by Anonymous posted on
Anonymous
Ridgewood Savings Bank has a 6.25% 10 year IRA cd with a $2000 min. I opened a cd in 2005 at a branch. The bank is located in NY.

https://www.ridgewoodbank.com/site/promo_ira.html

Ridgewood also has a grand opening special at 2 branches. There is a 5 year 5% cd, 7 year 5.5% & a 10 year 6% cd. All cd's also have a choice of gifts. The special at one branch lasts until Feb 24 & Mar 3 at the other.

https://www.ridgewoodbank.com/site/promo_newbranch.html

1
Comment #113 by Anonymous posted on
Anonymous
Very good art. in the todays Wall Street Journal: "Live Long and Prosper? Low Yields Make It Hard."
Growing worry we will out live our money. Low interest rates, together with growing longevity are big problems.

Keep nup the great work Mr. Banking Guy.

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Comment #114 by Anonymous posted on
Anonymous
Warning on CITIBANK! Please, be aware that when you need to transfer your money out of Citibank's eSavings, that they limit you per $5000 daily/$10,000 monthly LIMIT! You can transfer your money in ofcourse ($100,000 daily limit) but try to get it out. Please, think about this before you open account with them. They just lowered from 5% to 4.75%. If you try to get money out via their checking they take more than a week to release the check.

1
Comment #115 by Duck (anonymous) posted on
Duck
Re: 5.00% Money Market Account at Wachovia in Texas post
I Went to Wachovia yesterday to find out about this customer service rep told me that you can get the $50 for opening the checking doesnt mater which one $100 min opening dep(you have 90 days to fund account if you take any of the higher balance chk acct) probally post to account in 90 days didnt ask how long I needed to keep open. I did ask about the money maket 10K min and 5.0% guaranteed for 6m from opening
For all you do Thanks banking guy

1
Comment #116 by Anonymous posted on
Anonymous
Don't waste your time. Go to the one site with the largest database of CD and Money Market rates: bankingmyway.com

1
Comment #117 by Carol in California (anonymous) posted on
Carol in California
Curiosity led me to this suggested site(bankingmyway.com) and from what I found, it's the REAL waste of time to go there. Please disregard and stay with banking guy!

1
Comment #118 by Anonymous posted on
Anonymous
Is This a safe bank or a Scam?
http://www.federalsavingsllc.com/
States 6.25% apy... great rate.

Any feedback on this one?

1
Comment #119 by Anonymous posted on
Anonymous
It is a scam. If you doubleclick on the box in the lower right hand corner which says 'About FDIC Insurance', you get a popup which describes FDIC insurance in general and then asks if Federal Savings certificates are insured by the FDIC. The answer given in the popup is 'no'.

1
Comment #120 by Banking Guy (anonymous) posted on
Banking Guy
About Federal Savings, please see this post. It looks very suspicious.

Carol, thanks for your support. I tried that site to see if it would list Huron's latest 6% 12-month special. It only showed their standard 5% CD.

1
Comment #121 by ctgottapee (anonymous) posted on
ctgottapee
NEW PROGRAM
Check out our new
balance tiers and yields
as of March 6, 2007:

Average Daily Balance
APY1



$0.01 - $9,999
3.05%

$10,000 - $24,999
3.75%

$25,000 - $74,999
4.05%

$75,000 +
4.50%



National Average2
0.80%

netbank just changed their money market savings rate calculation to tiers rather than the old method of tabulating the number of accounts you had. i received notice by email, and it didn't have a web link so here is the pasted text of current rates. fairly ho-hum...


Check out our new
balance tiers and yields as of March 6, 2007:
Average Daily Balance
APY: $0.01 - $9,999
3.05%
$10,000 - $24,999
3.75%
$25,000 - $74,999
4.05%
$75,000 +
4.50%
National Average2
0.80%


Under our new tiered balance program, the Annual Percentage Yields (APYs) will be adjusted based on your average daily balance and the interest will be credited monthly to your account.

1
Comment #122 by Anonymous posted on
Anonymous
Get a free vacation by opening a checking account
http://www.skyfi.com/personal/CIP_home.asp
Apparently OH, IN, MI, PA & WV only.
(that's where they have banking centers).
Perhaps someone can check if one can open by mail.

1
Comment #123 by Ken -Go Blue! (anonymous) posted on
Ken -Go Blue!
Countrywide still has a 5.40% rate for their online eSavings account!

1
Comment #124 by shrazzy (anonymous) posted on
shrazzy
Etrade Complete Savings $25 bonus
http://www.etrade.com/25cash

$25 will be credited to your Complete Savings Account within 30 days of the account being funded with a minimum deposit of $1. Payments will be reported as interest income. Accounts must be opened by February 28, 2007 to quality for the $25 offer. Must be a new account opened with new funds. Offer applies to one new account per customer. Not good with any other offer. This offer is not valid for E*TRADE FINANCIAL employees.

1
Comment #125 by Anonymous posted on
Anonymous
Addison Avenue Federal CU.

3mo IRA 5.20%
3mo non-IRA $100K 5.20%
3mo non-IRA <$100K 5.00%

13mo IRA 5.45%
13mo non-IRA $100K 5.45%
13mo non-IRA <$100K 5.25%


Anyone can join via "Financial Fitness Assoc"

https://addisonavenue.com/content/shared/articles/2_2007_CD_Promo.asp

Federally insured

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Comment #126 by Duck (anonymous) posted on
Duck
Banking Guy looks like Century Bank reduced the rate on cd to 5.25% 12m ad is in
Dallas morning news
Business section

1
Comment #127 by ille_vir (anonymous) posted on
ille_vir
I recently moved, and in my moving packet from the post office there was an offer from Bank of America for $75 when I open a new checking account with a minimum deposit of $100.

1
Comment #128 by Anonymous posted on
Anonymous
http://www.federalsavingsllc.com/
GONE hurray hopefully nobody went with it. Most likely br back watch out for it and report it when it pops up

1
Comment #129 by Carol in California (anonymous) posted on
Carol in California
Today's LA Daily News advertises a 6% money market account at Lockheed Federal Credit Union with a $2500 minimun and $10,000 maximum, one account per household. The rate is variable and subject to change. Lockheed has several branches in S. California. (lockheedfcu.org) Ph 877-4-LOCKHEED.

1
Comment #130 by Anonymous posted on
Anonymous
Sunday's Philadelphia Inquirer lists NovaSavingsBank as the best local bank for 4 year CD - 5.35%. Here is link:

http://www.novasavingsbank.com/certificates.asp

What do you think?

Roger

1
Comment #131 by Jeff (anonymous) posted on
Jeff
If you are thinking of opening a Emoney Market Account with VirtualBank and would like $20 bucks just for signing up email me at jefflmercer at gmail dot com. I recently got my referral email for the $20 from Virtual Bank, so you can too. Send me your email: jefflmercer at gmail dot com
Thank you. -Jeff

1
Comment #132 by Brent (anonymous) posted on
Brent
First National Bank of Omaha now has an no fee, no minimum on-line savings account at 5.25%.
URL:
https://www.fnbodirect.com/01d/html/en/

1
Comment #133 by Anonymous posted on
Anonymous
Luther Burbank Savings
http://www.lutherbsavings.com/Savings_home.htm
6 Month CD 5.50%APY
Branches in:
Palo Alto, CA
San Rafael, CA
Santa Rosa, CA
According to ad in SF Chronicle, 2/13/07:
New money only.

1
Comment #134 by Anonymous posted on
Anonymous
Re: Luther Burbank Savings:
I meant to add: 10K minimum.

1
Comment #135 by Anonymous posted on
Anonymous
Mr. Banking Guy: Thanks for the great post on the interest rate play that may be hurting some of the smaller banks. I have been shorting the CD's for the approx. amount of interest that be posted to the account to insure that I am under the FDIC limit.

Although you posted it some time ago, MCAS Beaufort CU, Beaufort, SC still has a 15 mo. 6% APY (also the actual rate since they do will not compound interest) on the CD.

If you go to Beaufort in person, you can go by Navy Federal and open up one of their 6% CD's. After you get thru banking, you can go eat @ Barber Jeans rest. Some of the best food any where.
The best crab cakes anywhere, any place, any time Been there & done that. It was a great day.

Again thank you for your great work.

1
Comment #136 by SpaceNeedleBoy (anonymous) posted on
SpaceNeedleBoy
Washington State Employees Credit Union (www.wastatecu.org) is currently offering a 13-month Certificate rate of 5.50% (5.65% APY). $1,000 minimum.

Credit Union membership eligibility: City, county, state, higher education or public school employees in the State of Washington, OR or a relative of a current or potential member.

1
Comment #137 by Duck (anonymous) posted on
Duck
Hi B guy
I was in Citibank(McDermott and 75)Plano,Allen Texas area yesterday and saw a sign posted on the door and signs hung everywhere UP to $250 of gift cards or cash through thankyou points for opening checking and duing (2)two bill pay for a year or direct dep of your pay,social sec no ach for 6months. Didnt have expiration date but it does look lke they up'd the ante for new dep I asked teller and told her that I did the other one $200 can I get in on this reply "New dep only" I asked then why advertise in branch then only people with accounts will kmow and arent eligible she would find out if I can do it again if it works I'll update. I did look at site when I got home no mention of it Thanks Banking guy
Duck

1
Comment #138 by Anonymous posted on
Anonymous
Hi, Alpha Bank and Trust in Georgia (www.myalphabank.com)is offering 6 and 12 month CD yields of 5.75% and a 12 month IRA CD yield of 5.80%. You offer a great service! Thanks!

1
Comment #139 by Anonymous posted on
Anonymous
Great site. Saw this deal for LaSalle Bank on Slickdeals. A $100 bonus for opening a free Direct Plus checking account with direct deposit.

http://forums.slickdeals.net/showthread.php?sduid=21249&t=449159

Thanks,

Alba

1
Comment #140 by Anonymous posted on
Anonymous
Hmmm, that link didn't come through. Let's try it this way:

LaSalle Bank Deal

1
Comment #141 by Anonymous posted on
Anonymous
1st Constitution Bank is running specials on Remote Deposit systems.

From www.1stconstitution.com
EZ Deposit is like having a 24-hour bank teller right in your office.
As a 1st Constitution Bank business customer; you can have your own remote deposit capture device right at your office. Instead of bringing checks to the bank, just scan them and the image of the check is captured and immediately transmitted to 1st Constitution Bank. Now you have more time to make a deposit each day. Deposits made before 6:00 pm each business day will be posted the same business day. *

I spoke with Wendy @ 609-750-0200


For more on Remote Deposits:
http://en.wikipedia.org/wiki/Remote_deposit#Usage_of_remote_deposit

1
Comment #142 by Anonymous posted on
Anonymous
millennium bank has a 100k cd offered at 9%. does anybody know about this bank if its safe to invest or not.

1
Comment #143 by DUCK (anonymous) posted on
DUCK
Re:Millennium bank Think were all tired of this and the federalsavingsusa.com read PAST POSTS ON THESE BANKS PLEASE before posting. Millennium is in Switzerland have a good trip trying to get your money if you have trouble THEY are NOT not FDIC insured

1
Comment #144 by Duck (anonymous) posted on
Duck
Almost forgot why I was here Banking guy went to in cluded with the checking account bonus($100,50,25)promo info http://comerica.mediaroom.com/index.php?s=press_releases&item=759 They are also offering a 4.85%apy $2,500min money market and a 7m 5.25% cd also $ 2,500 they both require active checking acct. Not to great
Thanks banking Guy
Duck

1
Comment #145 by Anonymous posted on
Anonymous
First Horizon has a 5.3%apy 13m cd special know its available in Texas and Az if interested check your Zipcode. Cd can be funded and opened online http://www.firsthorizon.com/Home.HighRateSavings.cfm
Duck

1
Comment #146 by Anonymous posted on
Anonymous
With regards to the FNBO savings acct - I am a long time FNB customer but am very dissatisfied with the experience of trying to open a FNBO savings acct. First, they cannot/willnot link their FNBO savings accts to their FNB online service. Second, they will not allow any Trust accts to be established for the FNBO savings acct - although they do allow it for FNB accts. They provide no customer service for FNBO savings at their local branches - all transactions must be done online or via phone. This would be acceptable if their online support process were efficient. The enrollment process is cumbersome and inefficient compared to other savings accts such as ING (I know their rates aren't as competitive) and Emigrant. In fact, once I finally got enrolled (took over two weeks) they could not explain why my acct was not linked to my checking acct used to fund the savings acct. They said they could fix it in about a week. I'm closing all my accts at FNB as a result of this experience and suggest anyone opening an FNBO acct be careful in their expectations of service. I believe this to be a financially sound bank - but their customer service has been deteriorating over the past 6 months or so.

1
Comment #147 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments.

Alba, Thanks for the info on the LaSalle checking account bonus. I called them and was told that a customer would need to bring the flyer with the promo code into a branch.

Duck, thanks for the Comerica bonus info. I'll try to post on this.

Here's the link to my Millennium Bank research.

About FNBO, thanks for sharing your experience. I hope you don't mind that I copied it to the comments of my FNBO Direct post.

1
Comment #148 by Anonymous posted on
Anonymous
Be very careful: Per Credit Union National Association's wedsite, two credit union were placed into conservatorships today. One of the credit union has been posted serval times with good rates: Huron River Credit Union ($348 millon in assets & 19000 members.) The other credit union is very small credit union in Wichita, Kan (Communities United CU).

Be very, very careful of your deposit insurance limits.

address for CUNA: www.cuna.org

1
Comment #149 by Anonymous posted on
Anonymous
On February 09, 2007 I posted:

"NCUA number 62465.
Federally Insured
http://webapps.ncua.gov/ncuafpr/OnlineFPR.aspx "

"Grown from $252M to $363M in the last year.. in Michigan??? "

"Making a lot of loans."

"No phone center; no 800 number. It appears that you call a branch to reach them."

Of course, deposits are federally insured up to the specified levels, but there might be some delay or additional paperwork.

The 6% 12-month CD offer is still posted...

1
Comment #150 by Anonymous posted on
Anonymous
Keep accurate records of your dealings with any financial institution.

The Michigan state notice is posted on the home page of the credit union, together with the name of the interim CEO.

http://www.hracu.org/newsite/index.htm

Anyhow, it is Federally insured.

As someone said earlier, be very careful about exceeding the insurance limits.

I have been in two different CUs that were forced to merge into stronger CUs. That may be what happens with this one. In one case it was clear that the defunct CU's records weren't fully transferred into the other CU's system. There was a bit of hassle which required my brining in original records but it was resolved correctly.

Or this CU might be closed down if it is such a mess that no other CU wants it. In that case only the insured deposits would be paid off by the NCUA.

Suggested topic for banking_guy... Keep accurate records of your dealings with any financial institution.

1
Comment #151 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for info and recommendations. For online-only accounts, it'll probably be wise to print out the monthly statements.

I posted additional info on Huron in the comments of this post.

1
Comment #152 by Russell (anonymous) posted on
Russell
NetBank is about to change their rates. I emailed customer service to complain about the new structure as I'll lose 0.5% interest from current rate and they apologized and told me to contact them if/when my balance increases to get one of the higher rates. Needless to say, I am pulling my money out after 5+ years with them.

NEW PROGRAM
Check out our new
balance tiers and yields
as of March 6, 2007:

Average Daily Balance APY1

$0.01 - $9,999 3.05%
$10,000 - $24,999 3.75%
$25,000 - $74,999 4.05%
$75,000 + 4.50%

National Average2 0.80%

Under our new tiered balance program, the Annual Percentage Yields (APYs) will be adjusted based on your average daily balance and the interest will be credited monthly to your account.

QUESTIONS?
If you have questions, please send a Bank Mail or call
888-BKONWEB (256-6932), option 3.

1
Comment #153 by alba (anonymous) posted on
alba
To get your free digital camera, open a new KeyBank personal checking account between February 17, 2007 and March 30, 2007, and either: Set up Direct Deposit and/or Automated Payments and complete two transactions each of $150 or more by June 1, 2007
Or, use your new checking account to make 20 transactions - from ATM withdrawals to online banking to writing checks - and be approved for a new Key credit card† by June 1, 2007

Camera Details
Canon Powershot A460
5.0 megapixels for richly detailed images
High-quality 4x optical zoom lens
Clear 2.0-inch LCD screen


https://www.key.com/html/free-camera-offer.html

1
Comment #154 by Anonymous posted on
Anonymous
Thanks for the excellent summary on Huron River including the wild growth I noticed. Excellent research on conservatorship.

Very good questions on private insurance.

I have money in one institution where there was a sudden CEO change. An employee confided that previous management had written some mortgages for friends at near zero interest!

Use only NCUA or FDIC insured institutions. Read the terms and conditions document before you invest. Stay below the insurance level. Keep records. Then you are safe.

1
Comment #155 by Anonymous posted on
Anonymous
Hi,
Wachovia is offering a $50 bonus for opening an online checking acccount.
See:
https://www.wachovia.com/misc/0,,633,00.html?DCMP=ILL-2662&ATTINFO=7759-hbanner

Thanks for all of your great tips!

1
Comment #156 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on the Wachovia checking account bonus. I had posted on it three weeks ago here. I think I need to find a better way to list these bonuses.

About the Huron conservatorship, thanks for your recommendations. Here's the post.

Alba, thanks for the KeyBank bonus info. I just posted on this today.

1
Comment #157 by Anonymous posted on
Anonymous
Any one know of any good deals in Kentucky, Louisville area.
I have a large Cd going to mature and dont know where to put it. I was going to put it in ING, but their rates arnt all that good. And it would be nice to have a local place to put deposits. ING only lets you make deposits through their ATMs (or through online transfers of course). Having a local ATM deposit would cut down on transfer times. I'm looking for high interest of course. It could be a savings or CD, as long as I get a goood rate. I'll probably choose an online company because they have the best rates, But if any one knows of a local branch, offering great rates...
Please Share the info.

1
Comment #158 by Anonymous posted on
Anonymous
why there is no mention of the excellent INGdirect Electric Checking (5.30% 100K plus)??

1
Comment #159 by scott (anonymous) posted on
scott
http://bankdeals.blogspot.com/2006_11_01_archive.html
Scroll down to Wednesday, November 29, 2006

1
Comment #160 by Banking Guy (anonymous) posted on
Banking Guy
I just posted a CD special at Fort Knox CU of Kentucy here. They always have some good CD specials. I hope you can qualify.

Scott, thanks for providing the direction to my ING Direct EO Checking post. I just recently posted on its rate bump to 4% here.

I'll be posting more once ING finally does a public launch.

1
Comment #161 by Anonymous posted on
Anonymous
I just found out that World Savings is offering free checking. $100 minimum to open, no minimum balance requirement, no direct deposit requirement, no monthly service charge, no transaction fees at non-World ATM's. ATM surcharges rebated up to $6, free World check card, free online banking, unlimited deposits and withdrawals, unlimited check writing, unlimited automatic transfers, and monthly satements of account activity.

Now if they will only start raising their CD rates again. This is a good start.

1
Comment #162 by Anonymous posted on
Anonymous
Up to $60 Savings Account Bonus at Chase

I just received an insert with E-coupon codes from Chase. It provides much better offer than posted on its website which will be expired on Fe. 28 (Unfortunately, I have already opened such an account and cannot take this offer).

Descriptions:
Get $50 when you open a Chase Savings account with at least $5,000 (new money). Limit one .... Cash bonus will be automatically deposited into your new account within 10 business days of account opening .... remain open for a minimum of six months ... reported on 1099-INT. E-coupon code is 2549816122364370.

Get $10 when you sign up for $100 monthly automatic transfers to your Chase Savings account. Limit one .... Cash bonus will be automatically deposited into your personal savings account within 10 business days of establishing your automatic monthly transfers .... remain at this level for a minimum of six months ... reported on 1099-MISC. E-coupon code is 2549939122364370.

Both offer expire 04/30/07.

Enjoy! Have a nice weekend.

1
Comment #163 by Anonymous posted on
Anonymous
Sorry for not mentioning in my previous post that you should visit a Chase branch. These two offers ought not to be valid online.

1
Comment #164 by Anonymous posted on
Anonymous
1st United Services now has a different deal than what you list in your summary.
http://www.1stuscu.org/whatsnew/current_specials6.htm

100K minimum
12mo 5.25% with one bump
and unlimited add-ons (what good are add-ons if you are already at the insurance limit?)

I am a member there with little money still there. Their rates are usually not that great, so I doubt that the bump offer will pay off.

1
Comment #165 by Tom (anonymous) posted on
Tom
Hi all,

I just noticed that Huntington National Bank launched DirectHuntington.com, an online savings account. Minimum to open is $1000 and the current APY is 5.30%. I'm still happily married to my ING Direct account though...

1
Comment #166 by Anonymous posted on
Anonymous
In this morning's L.A. Times, there is an ad for an 8-month CD at Wachovia at 5.75%. It appears that a checking account is also required.

1
Comment #167 by gary (anonymous) posted on
gary
Sky Bank (Skyfi.com) has a vacation promotion. Open a free checking account and get a certificate for 3day/2night caribbean cruise, 5day/4night mexico (Puerto Vallarta or Cancun) resort stay, or 4day/3night Las Vegas (choice of several casinos) stay. Airfare and taxes not covered, also you have to give them 2 date choices and have a year to redeem. I was skeptical, but opened an account. The checking account is no fee and there don't seem to be any catches (don't have to listen to vacation speals, etc). The vacations deals are run by ptppromotions.com. You can look them up there.

1
Comment #168 by Anonymous posted on
Anonymous
The credituniondeals.com website is reporting that Navy FCU dropped their 7 year CD rates to 6.00%.

1
Comment #169 by Anonymous posted on
Anonymous
Agriculture FCU has new CD and IRA rates. Effective February 26:

TERM(MONTHS) RATE(%, APY)

6 5.00
12 5.15
24 5.15
36 5.50
48 5.50
60 5.75

1
Comment #170 by mla (anonymous) posted on
mla
E-Loan 18-month CD rate increased from 5.38 to 5.40.

AmTrust 12-month CD rate decreased from 5.46 to 5.41.

MLA
mlawire.blogspot.com

1
Comment #171 by Anonymous posted on
Anonymous
Citibank is offering a $25.00 signup bonus if you open up a ultimate savings account (4.65% APY) with them. It's posted on their website.

1
Comment #172 by Jouissance (anonymous) posted on
Jouissance
Not a deal- but I do not see another place to share these ideas. You mention the importance of FDIC coverage, here is an article about a bank going under and accounts that may not be fully covered because they are over the maximum. Do you ever post reminders to people to This may be a nice example to use to remind people to ensure FDIC coverage is in place and keep balances comfortably within the range covered!

Also, you mention how to keep track of all the bank passwords for folks with many accounts. Another approach is to use Here is my post about this service.

1
Comment #173 by Jouissance (anonymous) posted on
Jouissance
Hmm- that comment cut off. Yodlee is the service I was recommending for managing multiple accounts.


1
Comment #174 by Anonymous posted on
Anonymous
NASA Federal Credit Union has some March certificate specials.

Earn 5.35% APY* for 7-months with a $1,000 minimum deposit;
Earn 5.50% APY** for 15-months with a minimum non-IRA deposit of $2,000 or more!

*Annual Percentage Yield as of March 1, 2007. Minimum $1,000 deposit required. Early withdrawal penalties apply and may reduce earnings. Special certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal unless otherwise instructed. This limited-time offer is subject to change at any time without notice.

**Annual Percentage Yield as of March 1, 2007. Minimum $2,000 deposit required. Early withdrawal penalties apply and may reduce earnings. Special certificate renews automatically to a standard 24-month term at the rate in effect at the time of renewal unless otherwise instructed. This limited-time offer is subject to change at any time without notice.

1
Comment #175 by Duck (anonymous) posted on
Duck
Banking Guy, looks like World just started a 5.40%apy 9month listed in Dallas Morning News 10k min does not state new $funds only. Also I can't understand Century bank it looks like they change that 12m cd every other day I see it advertised in Dallas Morning News 3 or 4 tmes a week at either 5.25%apy or 5.5%apy Thanks Duck

1
Comment #176 by Anonymous posted on
Anonymous
BECU, Boeing Employees Credit Union, which is open to people in Washington State, has a 7.5% interest rate on up to $500.

www.becu.com

So technically, if you had an account for you, one for your spouse, and one jointly, you could have 3 accounts...It adds up.

1
Comment #177 by ShraZZy (anonymous) posted on
ShraZZy
would be nice to see y the stock is affecting the cd yields lately. Most 1year CDs have taken a hit from every banks, eventho the inflation was high in feb.

1
Comment #178 by ille_vir (anonymous) posted on
ille_vir
Pacific Service Credit Union in Northern California is offering a 11 month CD with a rate of 5.55%. Limited time promotional offer, new money only. Also, if you open the membership online, they'll pay you the initial $5 deposit required for opening membership.

1
Comment #179 by Anonymous posted on
Anonymous
First Federal of SC has a special
(www.firstfederal.com) has a "Rock Star Special:
at their Hilton Head and Bluffton, SC branches between March 5th - 9th:
DOORBUSTER SPECIAL
FREE iPod SHUFFLE*
For the first 5 New Checking Customers in each branch
every day!

5-MONTH CD 5.55% APY Minimum deposit $1,000

1
Comment #180 by Carol in California (anonymous) posted on
Carol in California
Today's Ventura County(CA) Star advertises 7.7% for a 7 month CD-$1,000 min.,$15,000 max.at Ventura County Credit Union. This must be opened with a direct deposit checking with a $400.min monthly deposit. This credit union is open to Ventura and Santa Barbara residents.Ph.800/339-0496, www.vccuonline.net

1
Comment #181 by Anonymous posted on
Anonymous
I opened a CD today at a Georgia Bank, Patriot Bank, located in Cumming, GA. They had their CD rates posted at the front desk and I believe all of them were 5.63% with 5.75% APY.

6month 5.63 / 5.75 APY
12month 5.63 / 5.75 APY
and more...

Phone: 770-887-9220
http://www.patriotbankga.com/

Keep up the good work, this site is awesome!

1
Comment #182 by Anonymous posted on
Anonymous
Department of Justice Federal Credit Union: http://www.jfcu.org/ab_whatsNew.asp#membership
Now through April 30, 2007, join JFCU and sign up for FREE Web BillPay, the secure way to pay your monthly bills online. Simply pay one bill within the first month of signing up and receive $100! It's that easy. Your $100 will be credited to your JFCU account one month after your first bill has been paid through Web BillPay.

You can join Justice FCU by first becoming a member of the National Sheriffs' Association (NSA).

1
Comment #183 by Anonymous posted on
Anonymous
community america credit union has started the liberty money market account. Its a tiered account with the top tier (100k+) @ 5%apy
http://www.cacu.com/

1
Comment #184 by Anonymous posted on
Anonymous
has anyone delt with amtrust direct for there e-money market account and if so did they have any problems with them. because im thinking of depositing 50k with them. unless there is a better place to park my cash until a 6% cd rate that i like comes along. any feed back would be gratefull

1
Comment #185 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments. That JFCU bonus seems to be a particularly good deal, and they also have a 6.25% CD. Here's my post.

About AmTrustDirect, readers have had mixed opinions on this bank. They have maintained top rates since their savings account introduction. For more info, please refer to this post.

1
Comment #186 by airruiz (anonymous) posted on
airruiz
As I have been noticing, there is a big trend in internet accounts offering very good interest in their online savings accounts. So I started to do research to see if I could get the same things in foreign currencies, like euros and the pound. I managed to find one bank that does not require a ridicules amount of money and fees. The bank is called Bradford & Bingley International. I know that Bradford & Bingley is a big bank, but the part that has me skeptical is that it is in the isles of man and it’s called Bradford & Bingley International. I don’t don’t if they are affiliated with Bradford & Bingley or if they are using the name. Anyways here is the websight http://www.bbi.co.im. Their rates are very good but again I don’t know how secure my money would be there.

1
Comment #187 by Anonymous posted on
Anonymous
Golden1 CU has 5.35% 11-month CD
https://www.golden1.com/ProductsServices/Promotions/bumpCD.aspx

Also has 1-time Bump-Up feature, but that's likely to be worthless.
Note: Bump-up certificates are not available online.

1
Comment #188 by barry (anonymous) posted on
barry
countrywidebank.com has a 9 month cd @ 5.35% in Ny state. Also for 50k it has a 5.4% rate. I called their Scarsdale ny branch and they said you can get the 5.35% rate in person also for 9 months

1
Comment #189 by Anonymous posted on
Anonymous
5.5% apy 13 months @ Amalgamated Bank (NY NJ DC) $500. min., limited time
www.AMALGAMATEDbank.com

1
Comment #190 by Anonymous posted on
Anonymous
Free Business Checking w/gift card.

Current ad for 1stConstitution Bank's Plainsboro Office (near Princeton NJ):

Free Business Checking

• NO minimum balance requirement
• NO monthly fee
• FREE Business Debit Card*
• FREE Business checks and endorsement stamp**
• FREE online banking

Visit or call our convenient Plainsboro, NJ location and receive a card $20 from It’s A Grind to give to your business clients. 609-750-0200

***FREE Business Checking Account!

11 Schalks Crossing Road
Plainsboro, NJ 08536

Tel: (609) 750-0200

* Free ATM transactions at any STAR, CIRRUS, HONOR or PLUS locations worldwide (other institutions may charge transaction fees for use of their ATMs).

** Offer includes first order of basic checks and one endorsement stamp.

***Account must remain open for a minimum of 6 months to avoid an early closing penalty.

1
Comment #191 by Anonymous posted on
Anonymous
Ridgewood savings Bank is offering a 10 year ira CD w/ a 6.25 APY.
Minimun deposit is $2000

Ridgewoodbank.com

I saw an add on Newsday Long Island NY

1
Comment #192 by Anonymous posted on
Anonymous
Roslyn Savings bank

18 month IRA CD 5.50 apy
call 516 6834408

nycbfamily.com

Newsday ADD 3/8/07

1
Comment #193 by Anonymous posted on
Anonymous
13 month CD 5.50 APY

You can applie online

Amalgamated Bank

Amalgamatedbank.com

Newsday Add 3/8/07

1
Comment #194 by Anonymous posted on
Anonymous
I called Justice Federal Credit Union today. You can get both the promotional 6.25% APY 24-month CD and the $100 bonus if you open a share checking account ($25 minimum deposit) and do one free bill pay within 30 days.

It's probably worth having the checking account to maintain credit union membership after your CD expires. Credit unions like this tend to have nice promotional rates from time to time. I also use the excellent Pentagon FCU.

I agreed to join NSA for $35 to be eligible for membership. The NNALEA is a cheaper route ($15) to membership eligibility, but the NNALEA telephone number has a message saying they can't take calls at the moment, and you can't even leave a voicemail. Once you request a userid/password from NSA
(arrives via e-mail) you can go into View Profile and print out something confirming your membership to send along with your application to Justice FCU.

Justice FCU also requires a notarized copy of your driver's license if you're applying by mail.
This only took a few minutes at my local bank.

Justice FCU application has to be printed and completed by hand, there's no online application.

All in all, quite a bit of work but hey it's 6.25% APY for 24 months ... seems to be the best deal around right now.

1
Comment #195 by ShraZZy (anonymous) posted on
ShraZZy
Etrade has a new Max-Rate Checking account.

Account Balance APY* Rate
$ 50,000.00+ 3.25% 3.20%
$ 5,000.00-$49,999.99 3.25% 3.20%
$ 0.00-$4,999.99 .50% .50%

$100 minimum initial deposit required
$5,000 average monthly balance in the account required to avoid a fee. See other ways to avoid this fee below

1
Comment #196 by Anonymous posted on
Anonymous
A full page flyer enclosed in "The
Texas Catholic Herald" of 3/9/07
added the Archdiocese of Galveston-
Houston to membership. They are
offering 5.50% APY 12mo., CD. Toll free 1.800.234.SACU.

1
Comment #197 by Pegasus (anonymous) posted on
Pegasus
Washington Mutual (WAMU) is offering a 12-month 5.40% APY CD with a $1000 minimum, here:

http://spe.atdmt.com/lp/wamu2/cd.html

1
Comment #198 by Anonymous posted on
Anonymous
6.25%APY for 6 month certificate at
www.FederalSavingsOnline.com

Too good to be true? Sign up before 3/12.

1
Comment #199 by Duck (anonymous) posted on
Duck
Re :post by Anonymous
6.25%APY for 6 month certificate at
www.FederalSavingsOnline.com

Too good to be true? Sign up before 3/12.

Their BACK !!!! I knew it was to good to be true Please No more read previos posts this page also Banking Guy did a great peice on this place a couple of weeks ago

1
Comment #200 by SVG (anonymous) posted on
SVG
Banking Guy,

Golden Bay FCU has 12 month Certificate at 5.60% APY. With a checking+direct_deposit they will bump it up 6.10%.

No credit check for deposit products - just ChexSystems report.

URL: http://goldenbay.org

Membership: 'Golden Bay membership eligibility includes persons who live, work, worship or attend school in Santa Clara county, and businesses and other legal entities in Santa Clara County.'

- SVG

1
Comment #201 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments.

Thanks SVG. I've posted on Golden Bay here.

About Federal Savings, please see my post on this questionable business here.

About SACU's 5.50% 12mo CD, thanks for the info. Please see my post here. I copied and pasted the comment to this post.

1
Comment #202 by Anonymous posted on
Anonymous
$150 for opening a free checking with direct deposit at PNC. This is a long term bonus, taking a full two years to receive it all.

Link

1
Comment #203 by The Financista (anonymous) posted on
The Financista
Justice Federal Credit Union has a very nice 6.25% yield.

The offer:
DON'T LET THIS ONE GET AWAY!
6.25% APY* ON A 24-MONTH SHARE CERTIFICATE

Limited time only! Open a new 24-month Regular or IRA Share Certificate for this great rate of 6.25% APY*! 24-Month Jumbo Share Certificates may be opened at a rate of 6.35% APY*! The entire amount of the Certificate must be new money, or you may use funds from your existing deposit account at JFCU provided 50% of the existing funds used for the Certificate are matched by new money. Call (800) 550-JFCU to open your Share Certificate today!

*Annual Percentage Yield. No other terms available at this rate. To qualify for the offer, funds must be deposited to Justice FCU from another financial institution. If you currently have a Justice FCU certificate that is to mature before April 30, 2007, you can take advantage of these rates by matching 50% of existing funds with new funds and adding them to your current JFCU certificate. This promotional offer is available on deposits of $1,000 and up. There is a penalty if you withdraw the funds before 24 months. This promotional APY of 6.25% / 6.35% cannot be combined with any other offers.

http://www.jfcu.org/ab_whatsNew.asp#cert

Need to be a qualifying member, or join the National Sheriff's Association: http://www.sheriffs.org/mem-form.shtml/

1
Comment #204 by Bobby (anonymous) posted on
Bobby
http://www.federalsavingsonline.com/?gclid=CJC95tzN74oCFRomIgodmynkkg

I am not sure if this is posted or not. Federal Savings online offering 6.25% APY for minimum $1K deposit.

Not sure how is the bank ratings, etc...?

1
Comment #205 by ProfessorB (anonymous) posted on
ProfessorB
First Financial Credit Union of Maryland has an auto loan refinance deal:

"Refinance your existing, non-First Financial auto loan with First Financial and
• Receive up to a 2%1 rate reduction, - OR -
• Take the savings in interest, up to $100 in cash."

They'll calculate your new loan with a 2% rate reduction. Or, if your existing rate isn’t too bad, you can refinance at your current rate and receive the cash incentive, up to $100 instead. Loan rate floor is 5.9% APR.
http://www.firstfinancial.org/

1
Comment #206 by KLA (anonymous) posted on
KLA
Worldsavings offering 5.56% on 10 month internet CD

1
Comment #207 by Anonymous posted on
Anonymous
" Bobby said...

http://www.federalsavingsonline.com/?gclid=CJC95tzN74oCFRomIgodmynkkg

I am not sure if this is posted or not. Federal Savings online offering 6.25% APY for minimum $1K deposit.

Not sure how is the bank ratings, etc...? "

Federal Savings is not a bank, it is not insured. It is just a guy who put up a web site and bought some ads and is asking people to lend him money.

The Washington State Department of Financial Institutions has issued a cease and desist order against the operators of this web site:
http://www.dfi.wa.gov/sd/orders/orders2007.htm

The web site is still operationsl as of this moment.

1
Comment #208 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info about Federal Savings. I had a post on this questionable business in February. I've included the link to the Washington State page.

1
Comment #209 by Anonymous posted on
Anonymous
Very good art. in the Wall Street Journal today in the Personal Journal, page D3: "Online Banks Lift Yields"

The art talks about E*Trade, ING, Evergreen and even a small bank in Sulphur Springs, TX (Alliance Bank).

Great work Mr. Banking Guy. Have a great day and a great "March Madness Month". May you and your teans be blessed.

1
Comment #210 by bodyweapon (anonymous) posted on
bodyweapon
http://www.mlnbank.com/Services/premCDs.htm

Anyone heard this before?

1 Year CD $5,000 6.50%
$25,000 7.00%
$100,000 7.50%

I just came across, but not sure how trustable it is.

1
Comment #211 by New Finance Deals (anonymous) posted on
New Finance Deals
First, as mlnbank.com is *not* trustworthy. See Bank Deals' post on the subject at:

http://bankdeals.blogspot.com/2005/10/research-into-millennium-bank-and-775.html

There's at least one legitimate Millennium Bank -- in Northern Virginia and Richmond -- but don't be confused: mlnbank.com is too good to be true.

Second, River City Bank in the Richmond, Va. suburbs is offering 6- and 12-month CDs at 5.55% APY. The 12-month CD is also available in an IRA CD at 5.65% APY.

1
Comment #212 by New Finance Deals (anonymous) posted on
New Finance Deals
Sorry -- apparently my mlnbank URL was too long. Here's a short URL to Bank Deals' discussion:

http://tinyurl.com/2sfqrm

1
Comment #213 by New Finance Deals (anonymous) posted on
New Finance Deals
Ugh...and I forgot the link to River City Bank:

http://www.rivercitybank.org/

1
Comment #214 by Anonymous posted on
Anonymous
Re Justice FCU, joining NSA is proving somewhat frustrating. I signed up online more than a week ago and still haven't received an invoice, never mind a membership card to fax to JFCU. I've left a voicemail with NSA membership. I didn't use NNALEA because at the time they weren't even accepting voicemail. I'll post again when I manage to contact NSA.

Really mad about the Chase Freedom $250 bonus ... I already got that card a few months ago, so I can't qualify for the bonus. It really is the best cash-back card around these days ... unless you happen to like Discover.

1
Comment #215 by ProfessorB (anonymous) posted on
ProfessorB
Washington Telephone Credit Union has a $25 bonus offer for new members or current members who refer new members. Promotion is good March 1, 2007-March 31, 2007.

https://www.wtfcu.org/images/MARCHMONEYMADNESSFLYER.pdf

1
Comment #216 by Anonymous posted on
Anonymous
Minnesota Valley Federal Credit Union offering 72 month 5.9% CD Special, plus .25% for jumbo amounts,for total 6.15% APY.

1
Comment #217 by Anonymous posted on
Anonymous
Here's the link to Minnesota Valley FCU: http://www.mnvalleyfcu.coop/
And the special mentioned above is for 73 months, not 72 months.

1
Comment #218 by Anonymous posted on
Anonymous
GMAC bank money market account increased to 5.10% for balances $500 and up and 4.99% for balances under $500.

1
Comment #219 by Anonymous posted on
Anonymous
FYI - Not sure if Justice Federal Credit Union is still running the special. Earlier today, the special was listed on their web site under "What's New" - this evening - it's GONE!

It's still mentioned on the telephone VM system - but they may have pulled it and not updated the telephone system.

Anyway - Hope I'm wrong!

-Bob in Arlington (TX)

1
Comment #220 by Anonymous posted on
Anonymous
$$$$$$ $50 BONUS !!!!!!!!!!!!

Capital One is offering a 5.20 APY money market account with a $50 bonus for costco executive members.

The add is posted in COSTCO.com under money market account search

1
Comment #221 by Anonymous posted on
Anonymous
Twinstar 6% APY Checking with ATM fees waived. But has annoying requirement of 12 debits a month, or rate drops to .25%

http://www.twinstarcu.com/specials/accelerator.php

1
Comment #222 by Anonymous posted on
Anonymous
For anyone living in California, and have kids, Wescom Credit Union has a great Kids Cd. Its called 36 month college saver, but it doesn't have anything to do with college. The current rate is 5.00% for 36 months, minimum deposit only $250. Unlike regular Cd's you can add additional deposits of at least $25. It is open to anyone under 18. My son has had one for the past 6 years. It started at 5.45% but after 9/11 it dropped like a rock, but fortunately we were locked in. We don't even live in California anymore, but the let us keep it because it wasn't mature when we moved. Also kids don't have to pay taxes if they don't make over a certain amount of interest every year, This year the IRS bumped it up to $850. So of course you could always put away some extra money in your kids name, Then after 36 months do whatever you want with it.

1
Comment #223 by Anonymous posted on
Anonymous
LibertyPointe Bank is offering 5.70% apy 2-year and 3-yr CDs... both IRA and non-IRA. This is applicable to NY, NJ, and CT customers only. They are FDIC insured (Cert: 58071). They can be found at libertypointebank.com.

1
Comment #224 by Adam (anonymous) posted on
Adam
wachovia has a free $50 bonus if you sign up for free student checking, which is different then the other current $50 wachovia signup bonus for regular free checking.

http://wachovia.com/misc/0,,1306,00.html

1
Comment #225 by Anonymous posted on
Anonymous
I spoke to Justice Federal Credit Union this morning. Although the 24-month 6.25% APY promotional certificate is no longer advertised on their website, they said 'we still don't have an end date' for that offer.

Luckily they confirmed that my application was received on Thursday. Sounds like they may be a little backlogged in processing.

1
Comment #226 by Anonymous posted on
Anonymous
In Sunday's Dallas News - 3/18/2007 there was an ad for Bank of the Ozarks - Their Max Yield checking account is paying 4.59% with a $1,000 minimum deposit to open. FDIC Insured. Bankozarks.com.

1
Comment #228 by Anonymous posted on
Anonymous
Citibanks new Ultimate Savings Account has a $50.00 signup bonus for first time citibank customers.

1
Comment #229 by Sree (anonymous) posted on
Sree
May not be super pretty but can be useful for some of the So-Cal folks

Pacific Services CU is offering Triple Five CD
5.55% APY
11-month term
Regular and IRA options
New money only
Limited-time only

Details: http://www.pacificservice.org/ASP/Products/product_2_3.asp

1
Comment #230 by Anonymous posted on
Anonymous
Justice Federal Credit Union told me this morning that their 6.25% APY 24-month certificate promotional offer has now ended.
If you don't already have an application in the works, you're too late.

1
Comment #231 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the note. I've added this comment to the JFCU post.

1
Comment #232 by Anonymous posted on
Anonymous
My local World Savings branch in NJ, has a 6 month CD, 5.51%, $10,000 minimum as "Today's Featured Account". "Apply using our secure online application or at your local branch."

1
Comment #233 by Duck (anonymous) posted on
Duck
Hi banking Guy guess we weve seen the top after Bernanke statement yesterday I took this from ap quote "AP - Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy. Hope we dont see those high savings accounts go away till he actually does something but Wow for the Dow on that news thanks BankingGuy

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Comment #234 by Anonymous posted on
Anonymous
TD Ameritrade 5.40% 3 month CD $10k min

http://www.tdameritrade.com/offer/cdoffer.html?a=fxb

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Comment #235 by Dana (anonymous) posted on
Dana
Countrywide bank 5.40% internet savings acct ($50K min)

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Comment #236 by Anonymous posted on
Anonymous
Hi

Pentagon Federal is still offering great rates a 5,6,and 7 year Money Market CD's . The seven year is 6.0 % APY . In addition you can withdraw any money if it was purchased as an IRA without penalty

www.pentagonfederal.com

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Comment #237 by Anonymous posted on
Anonymous
World Savings has reduced the rate on its Internet specials. The 10 month CD that was 5.56, is now 5.51. The 5 month CD that was 5.45, is now 5.40.

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Comment #238 by gary (anonymous) posted on
gary
Telhio CU (open to anyone from Franklin County/Columbus) has a pretty good deal. ALthough their rates charts don't look that impressive, they have a variety of promos. After opening a free checking account (no min, no fees) I ended up with a 5K, 24 mo CD at 5.52% (APY), before figuring the $65 checking sign-up bonus (could be as high as $75, but I did not want overdraft or credit card). If you figure in the checking bonus, it is equivalent to a 6.17%.

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Comment #239 by Anonymous posted on
Anonymous
American Savings Bank of New Jersey has a special at their Verona, NJ branch. The American Spirit Money Market acct is paying 5.75% on balances above $50K. Balances below $50K earn 5.00%. You won't find this on their website, http://www.asbnj.com/, but you can call the branch directly at 973-857-0856 for details. According to the Bank Rep, accounts must be opened in person.

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Comment #240 by Anonymous posted on
Anonymous
I was checking Wachovia High Performance Money Market rates today and they all jumped up to 5.00% APY for any balance over $25,000. As to why they double their interest rate in just 24 hours is not mentioned on their home page, and I am not sure how long this may last.
Here is a link you can check and plug in you local zip code to see if this is also now in your area.

http://www.wachovia.com/personal/page/0,,11_481_523,00.html

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Comment #241 by alphacat100 (anonymous) posted on
alphacat100
Bank of America has a promo offering to give you $75 cash for just opening a new checking account with a minimum of $100 and keeping the account open for at least 90 days. I took advantage of this deal a few weeks ago and they deposited the $75 into my account in less than two weeks. Nice! The offer is good thru 5/31/07 and the code is AOU26. Here's a link to the info: http://www.bankofamerica.com/promos/jump/uspsmovers/?adlink=000302072j650000d980

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Comment #243 by Anonymous posted on
Anonymous
GOOD DEAL :)

MCU Credit union is offering a
18 month 5.64 APY Share Certificate

Here is the Link

nymcu.org

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Comment #244 by Anonymous posted on
Anonymous
I found out the new Wachovia 5% money market rate is only good for new money and also only for 90 days. This is a "hiiden" secret not mentioned on their web site.

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Comment #245 by Anonymous posted on
Anonymous
I had signed up at Wachovia Money Market account last November and got the 5.0% for 90 days. However at that time their web site would show the normal tier rates. So if this is true what the other person just mentioned I am not sure why they are doing that this time and is very misleading on their part!!!

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Comment #246 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info on the Wachovia special. I called and received the same info. I also complained that it didn't mention new money on the website. I've made this update to my Wachovia post.

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Comment #247 by Anonymous posted on
Anonymous
I am the one that first posted, this past Saturday about Wachovia Money Market and the change in interest rate from their online page. I too just now called and that interest rate is for new money. I put in a formal complant with them and declared it misleading that it does not state it is a promotional offer on their web page and makes it difficult for current customers to know what is going on..

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Comment #248 by Anonymous posted on
Anonymous
Wescom Credit Union is offering a promotional 7 month 10% APY CD ($1000 max) at the new Santa Barbara-Milpas branch. Almost anyone from Southern California can join.

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Comment #249 by ProfessorB (anonymous) posted on
ProfessorB
BOA has a $100 promo for opening a free (no monthly maintenance fee, no minimum balance, no direct deposit required) Myaccess account. The page states the promo is good for BOA credit card customers but it does not indicate that you have to be a NEW checking customer. Offer Code CH100CTA.

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Comment #250 by Anonymous posted on
Anonymous
I just noticed that Indymac 6 month CD is back up to 5.5% APY from 5.45% APY

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Comment #251 by Anonymous posted on
Anonymous
Pentagon Federal lowered their rates to 5.50% for 3,4,5 & 7 year periods

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Comment #252 by Duck (anonymous) posted on
Duck
Hi Banking Guy not much to report deals are getting scarce these days Just saw DallasMorniung News 4/1 Business section has Countrywide advertising 5.4Apy for 5/months $10k/min same for IRA but min is only $2,500. Thanks again for all the great postings Duck

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Comment #253 by Anonymous posted on
Anonymous
THE CHASE FREEDOM CREDIT CARD!

The $250.00 offer from Chase is BACK! Here is the link.http://www.chasefreedomnow.com/flash.asp

Make shure you take a screen shot of the window offer and call CR and tell them you have proof. you can email them the screen shot.

This is not my own experience. I read this from bankholic. I am going to apply.

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Comment #254 by Anonymous posted on
Anonymous

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Comment #255 by Anonymous posted on
Anonymous
Hi
Ocean Bank in South Florida is offering a 5.65% APY 11-month CD rate -- minimum deposit $2,500 but no other conditions noted in their ad in today's (1 April) South Florida Sun-Sentinel.
Anonymous

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Comment #256 by Anonymous posted on
Anonymous
Ridgestone Bank has an ad in today's Chicago Tribune of 5.50% APY on a money market account guaranteed through 12/31/07 with minimum balance of $40K. Ad gives an address of 10 N. Martingale Rd. in Schaumburg, IL (near Woodfield Mall) and two #s, 847.805.9520 or toll-free 866.455.3848. Bank may not have a web site, at least one I was able to easily find.

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Comment #257 by Anonymous posted on
Anonymous
I believe readers here would want to know this: Mr. G. Douglas Roth, formerly CEO, left United Services Credit Union (USCU) late in February. Mr. Roth is no longer employed by USCU. As many visitors here are aware, Mr. Roth was involved last fall in a controversial rescission of favorable terms of the then hot USCU Flex CD. His actions drew the ire of many new USCU members. There is no way for me to know the reason for Mr. Roth's leavetaking. Certainly one must allow at least a possibility it is connected to the controversy, at the center of which he found himself. Also, as a USCU member who joined last fall, I confess this situation gives me pause and concern. I hope this is not a rat leaving a sinking ship. The source for this information about Mr. Roth is the Spring issue of the USCU newsletter, which is available for download at the USCU website. Good luck to all, and let's hops our Flex CD accounts remain intact at the original and existing interest rate.

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Comment #259 by kodos (anonymous) posted on
kodos
Zions Direct recently launched an online auction program to price FDIC-insured CDs. See below for link to press release. Looks like the most recent result was 5.56% for 1-month CD to be issued 4/5/2007.

http://www.zionsbank.com/pr20070327.jsp?leftNav=press&topNav=

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Comment #260 by Anonymous posted on
Anonymous
There was an ad in the Sunday Chicago Tribune for Ridgestone bank in Schaumberg. It is for a 5.5% money market account. This rate is guaranteed til December 31. I tried to find a web site for them but the only one I found said that it was under construction. Their telephone number is listed as 866-455-3848

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Comment #261 by Anonymous posted on
Anonymous
Hawaii State FCU is offering a limited time special for their Platinum Checking Account. Earn 5.25% APY for balances of $2500.00 or more. Rate good until 6/30/07. Downside to this account is that it requires a $20K balance to avoid a monthly service charge of $20.00.

They also have a 5 month CD for 5.25%. This rate is pretty good for Hawaii.

http://www.hawaiistatefcu.com

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Comment #262 by Tom (anonymous) posted on
Tom
I think this is new - Citibank Direct $50 sign-up bonus for Savings. No checking required, no minimum balance, no monthly fees, 4.65% APY. Expires 5/31/07.

http://direct.citibank.com/cbol/07/usa/thirdpartymedia/default.htm?Promo_ID=Cskp&BTData=402107A766A61745D524B40B1BEB1A6A59D928490FFFFF3EAEAC5C2D6A626C82&BT_TRF=522920&BT_CON=142&ProspectID=AF98A52F4DEA48A59CCCF5E64290ECC2

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Comment #263 by Banking Guy (anonymous) posted on
Banking Guy
Tom, thanks. Looks like they've extended the expiration date by a month. I've mentioned this in my Citibank bonus post.

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Comment #264 by Anonymous posted on
Anonymous
* Just a footnote about internet checking/savings accounts.

They all have disclaimers that it may take two or three business days to process a transfer in or out of your account. What they do not make clear is how quickly they post your deposits, or debit your transfers. (Processing time, verses posting times)

I have two online accounts. One is Countrywide Bank, the other is HSBC. CWB is fairly easy to do business with, and they are quick on the transfers in and out - usually no more than one business day between a debit out of my bank, and a credit into my account with them. HSBC, by comparison, says they may take 3 business days to process - but in reality - it's business days from the day it leaves your bank and before they show the deposit at HSBC. They claim this because they use a third party to make the transfer.

The result is that you have an extra two days lag of NO INTEREST coming and going with HSBC. If I calculate it correctly, this could bring down their stated interest from 6% to an effective yield of 5.2% on a 30 day transaction. No big deal on small amounts, but it can add up quickly with JUMBO accounts.

HSBC is playing by their rules - but they really don't indicate anywhere how their slower posting of a transaction will impact your yield.

I'm finding that CWB may be a better deal than HSBC - even with their current special of a stated 6%.

Thanks, banking guy, for letting me post this warning/clarification on differences of LAG TIMES between the online banking carriers.

-Bob in Arlington (TX)

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Comment #265 by Anonymous posted on
Anonymous
Citibank e-Savings is down to 4.5%
https://web.da-us.citibank.com/cgi-bin/citifi/portal/ps/detail.do?M_M=S&BS_Id=eSavings

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Comment #266 by ProfessorB (anonymous) posted on
ProfessorB
SECU of MD

• Get a $50 deposit when you open a checking account with Direct Deposit of $100 or more.*
• Receive a $50 deposit for adding Online Statements and active Bill Pay to your new checking account*
• Or, open a checking account with all three services (Direct Deposit, Online Statements, and active Bill Pay) and earn $100!

http://www.secumd.org/html/secu/lower.htm?page=news.promotions&target=173

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Comment #267 by Anonymous posted on
Anonymous
Another new on line money market account:

https://www.pffbank.com/personal/savings/esavings.htm

Bill R. in NY

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Comment #268 by Anonymous posted on
Anonymous
Preferred Bank, Conroe TX; 5.3% APY 6 or 9mos CD, $1000 min

Patlew

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Comment #269 by peg (anonymous) posted on
peg
According to this post, E*trade has a $25 bonus for opening a savings account. The promotional page says the bonus offer expired 3/15/07 but supposedly they extended the deal...? I'm not too sure on this, but if E*trade does not pull a hard credit check AND they still have this bonus, the account sounds like pretty good deal.

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Comment #270 by ShraZZy (anonymous) posted on
ShraZZy
What do you guys think about https://www.auctions.zionsdirect.com/

Zions Direct CD auctions?

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Comment #271 by Anonymous posted on
Anonymous
Apple Bank Grand Yield Direct has raised the open minimum to 2.5k

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Comment #272 by Anonymous posted on
Anonymous
Regarding Chase $250 bonus for CC sign up.

Got my card today.
I signed up thru the $250 Link.

Called today to authorize.

No one there knew anything about the bonus, nothing in my account.

Best they could do was send a letter to marketing asking if I was due some bonus.

Unbelievable.

Anyone else getting this crap?

Scott

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Comment #273 by Anonymous posted on
Anonymous
Washington Mutual (WAMU) has a 6 month online CD with a 5.40% APY.

http://www.wamu.com/personal/accountchoices/savings/wamuonlinecd/default.asp

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Comment #274 by gary (anonymous) posted on
gary
A Dublin (Columbus) OH bank is offereing a 5.39% Prime Savings promotional account. The account pays 3% below the prime, as specified daily by the Wall Street Journal. Accourding to the CSR, the account is promotional, but the rate is not. Once an account is set up, it will continue to accrue interest according to the formula in perpetuity, but this special account will only be available for a limited time. The Bank is FDIC insured, and Bauer Financial rates it at three stars.

There are a couple of detractions. First, this is a new bank and they don't yet have online banking (although she indicated that they plan to add that). Which meana you have to open the account at the bank. According to the CSR there are no fees, although the minimum to open and the minimum to earn interest is $500.

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Comment #275 by scott (anonymous) posted on
scott
Found a bank offering a checking account similar to the Twinstar. Danvers Saving Bank has 6.01% for up to $100k, Need to do the 12 debit card transactions and a have a recurring direct deposit which can be an ACH. Since they are not a credit union should be open to all

https://www.danversbank.com/online_banking/multifactor.asp

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Comment #276 by Banking Guy (anonymous) posted on
Banking Guy
Thanks everyone for the comments.

Since this page was getting a little long, I've started a new post.

Please, post all new deals at

Finding the Best Bank Rates and Deals #6

Thanks!

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Comment #277 by PaulH (anonymous) posted on
PaulH
Amalgamated Bank is offering a great rate of 5.50% APY for a 13-month CD. Most of their branches are in New York City, but they also have branches in California, New Jersey and Washington D.C.
See the ad for the CD special on their homepage:
www.AmalgamatedBank.com
If anyone knows of a bank in the New York City area offering a higher rate, please let me know.

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Comment #278 by Anonymous posted on
Anonymous
Bank CD Central offers high yielding CD's. We have agents across the country. Our agents are financial advisors and many have multiple licenses. All of our agents are independent, therefore they are not required to only offer 1 product or company, thus allowing them to provide you with the best rates and retirement, safe strategies.
We're able to offer such high rates, because much like this site, we shop around with the banks we have relationships with. Instead of giving new clients a toaster like in the '50's, we give high yields. It's a promotion. Its a way for us to meet new clients. And yes, it is legal. We've received approval from several state and federal agencies as well. So, check us out. Give us a call if you're interested in learning how to secure you income or just want a CD with a high yield. We offer CD's, Money Markets, Bonds, Market Investments, Fixed Annuities, Life Insurance, Medicare, amongst many other services. We'll only do what's appropriate for your current financial situation. Appointments are free and we don't charge fees.

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