Bank Deals Weekly Summary for May 5, 2007

As expected HSBC Direct ended its 6% promo on Monday, but fortunately, a new online bank, FNBO Direct, decided to start its own 6% promo on May 1st. So the 6% savings account lives on until at least September 28th (the last day FNBO Direct is guaranteeing the 6%). FNBO Direct is a new online division of First National Bank of Omaha. I first reported on FNBO Direct in early February when they were offering 5.25% APY. So there's a chance that FNBO Direct rates will remain competitive after the promo. Please see my latest FNBO Direct post for all of the details on this bank and this promotion.

I was hoping that we would see more promotions after HSBC's promotion ended. If it were not for FNBO Direct, I would have been very disappointed. Amboy Direct did the opposite of a promotion and cut their rates on the Premium Online Savings Account from 5.25% to 5.05% APY and from 5.35% to 5.10% APY for balances over $20K. Most other banks kept their savings account rates steady this week.

For those who did HSBC's 6% promotion, you may be able to make it through most all of 2007 with a 6% savings account. When the FNBO Direct ends in late September, you could do the Everbank promo for the rest of 2007. This assumes that Everbank's 6.01% 3-month promo will last that long and that you're not already a customer (see my Everbank post). Of course if interest rates start going down, Everbank may roll back the 6.01% to 5.51% or lower.

We'll know a little more about the future rate environment on Wednesday when the Fed meets again to decide on interest rates (FOMC calendar). The target funds rate is expected to remain at 5.25%, but there could be some indications of future rate changes later this year.

CD Rates Update

It's good that we have a 6% savings account available now since 6% CDs are becoming very hard to find. Navy FCU ended its 6% 15-month special on Monday. So now I have no widely available 6% CDs listed. The closest is the 7-month CD offered by NASA FCU with a yield of 5.80% APY. NASA FCU is one of the few credit unions with easy membership. Please see this post for more info on this CD and NASA FCU. Northrop Grumman FCU (another credit union with easy membership) continues to offer very high rates on its 6 month CD although the rate did go down from last week.

For those looking for a 24-month or 36-month CD, Mutual Bank now has the top rate CD with a yield of 5.47% APY. Several readers who have opened CDs with Mutual Bank have praised its customer service. Mutual Bank seems to offer some top rates on a few terms for about 3 to 5 months before ending them. Then after a few months, some new top rate CDs come out (see post).

For those looking to deposit a small amount and don't mind opening a checking account, you may want to look into Premier America Credit Union. They have a 12% APY 12-month CD, but don't get too excited: the maximum deposit is $1,200. They also still have a 7% APY 7-month CD with a $7K maximum deposit. This credit union has branches in Houston and California, but anyone can join via an association membership (see post).

Local Deals

For those who prefer brick-and-mortar institutions and still want a 6% savings account, people in Massachusetts can get one at IC Federal Credit Union (see post). This offer ends on September 1, 2007. MCAS Beaufort FCU in South Carolina continues to list a 6% 15-month CD (see post). For the list of local CD deals, refer to the local CD deal section below.

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

The rates listed below are based on Annual Percentage Yield (APY). No minimum balances are required unless noted. MMA next to the rates indicate a money market account. Most MMAs have check writing and ATM cards. Online savings accounts usually lack both of these. The top lists include banks and credit unions with broad availability and with minimums around $10K or less. Previous weekly summaries are available for Apr 28th, Apr 21st, Apr 14th, Apr 7th, Mar 31st, Mar 24th, Mar 17th and Mar 10th.

As of May 5, 2007

Checking/Savings/Money Market Accounts:

• Checking/Savings Account Bonuses
• The Best Checking Accounts

• FNBO Direct - 6.00% (until 9/28) my post
• Geauga Savings Bank - 5.45% ($25K min), see post
• AmTrustDirect - 5.36% ($1K min), my post
• BankUnited - 5.35% (min $5K), my post
• UFB Direct - 5.31%, my post
• GMAC Bank - 5.30% MMA (min $500), my post
• iGobanking - 5.30%, my post
• Zions Bank - 5.30% MMA, outside of Utah, (min $1K) (5.36% $50K+), my post
• OneUnited - 5.30% (min $1K), my post
• Apple Bank - 5.27% (min $2.5K) my post
• WTDirect - 5.26% ($10K min), my post
• E-LOAN - 5.25% ($5K min), my post
• Transportation Alliance Bank - 5.25% (5.15% for MMA), ($25 min), my post
• Presidential Bank - 5.25% (min $5K, only first $35K receives this rate), offers 4.50% checking, my post
• Countrywide - 5.25% (min $10K), (5.40% $50K+) my post
• Direct Huntington - 5.20% ($1K min), my post
• FirstFedDirect - 5.16% (min $1K) (closed to CA residents), my post
• Discover Bank - 5.14% MMA (min $10K)
• Mutual Bank - 5.10% MMA (min $5K), my post
• Bank of America AAA/NEA - 5.08% MMA ($10K min) (5.35% for $50K+) my post
• EmigrantDirect - 5.05%, my post, (rate history)
• HSBC Direct - 5.05% ($50 related bonus) my post
• ETrade Bank - 5.05%, my post ($25 bonus)
• AmboyDirect - 5.05% (5.10% for $20K+), my post ($25 bonus)
• EverBank - 5.01% ($1.5K min), 6.01% 3-mo promo, my post
• CapitalOne/Costco - 5.00% MMA (min $5K, Costco members only, $50 deal for exec. members)
• Washington Mutual - 5.00% (requires checking), my post
• ebank - 5.00% Checking ($2.5K min), my post
• Indymac Bank - 5.00% ($1K min)
• PFF Bank and Trust - 5.00% (min $1K), my post
• UmbrellaBank.com - 4.95% MMA (min $1K), my post
• Tennessee Commerce Bank - 4.91% (min $10K), my post
• Corus Bank - 4.90% MMA (min $10K to open)
• MyBankingDirect - 4.75% MMA (min $5K), my post
• Capital One - 4.75% (MMA has same rate, but with checks and ATM. $100 min.), my post
• Self-Help Credit Union - 4.68% MMA (min $500), my post
• Citibank - 4.65%, requires checking account, my post ($50 bonus)
• VirtualBank - 4.60% (min $100), (4.86% $50K+/ 5.13% $100K+) offers checking, my post ($20 bonus)
• NetBank - 4.50% MMA ($500 min), 6-month intro rate, my post ($250 deal)
• ING Direct - 4.50%, (4% checking), my post ($25 bonus)
• GE Money - 4.50% (min $4K), (5.05% for $15K+), my post ($25 bonus)
• MetLife Bank - 4.40% MMA (min $5K), my post ($50 bonus)
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, my post
• Melrose CU - 4.06% (min $25) my post

3-Month Certificates of Deposit:

• TD Ameritrade - 5.40% (min $10K), my post - $100 bonus
• UmbrellaBank.com - 5.35% (min $1K)
• UFB Direct - 5.31% (min $8K)
• Countrywide - 5.30% (min $10K), my post
• Imperial Capital - 5.30%, ($2K min), my post
• FirstFedDirect - 5.26% (min $10K), my post
• VirtualBank - 5.23% (min $10K), my post
• GMAC Bank - 5.15% (min $500), my post
• IndyMac Bank - 5.10% (min $5K), my post
• EverBank - 5.10% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• ETrade Bank - 5.00% (min $1K), my post
• Self-Help Credit Union - 4.98% (min $500), my post
• Corus Bank - 4.90% (min $10K)

6-Month Certificates of Deposit:

• NASA FCU - 5.80% (7 months) (min $10K), my post
• Northrop Grumman FCU - 5.62% (min $40K), my post
• FirstFedDirect - 5.46% (min $10K), my post
• UmbrellaBank.com - 5.45% (min $1K)
• IndyMac Bank - 5.45% (min $5K), my post
• Countrywide - 5.41% (min $10K), my post
• World Savings - 5.41% (min $10K), my post
• Corus Bank - 5.40% (min $10K)
• Ascencia Bank - 5.40% (min $500)
• Imperial Capital - 5.40%, ($2K min), my post
• Security Savings - 5.40% (7 months) (min $500), my post
• AmTrustDirect - 5.36% (min $1K) my post
• E-LOAN - 5.36% ($10K min), my post
• Tennessee Commerce Bank - 5.30% (min $5K)
• NetBank - 5.30% (min $1K)
• iGobanking - 5.30% (min $500), my post
• VirtualBank - 5.28% (min $10K), my post
• UFB Direct - 5.25% (min $8K)
• HSBC Direct - 5.25% (min $1K), new money only
• GMAC Bank - 5.25% (min $500), my post
• Self-Help Credit Union - 5.24% (min $500), my post
• Washington Mutual - 5.15% (min $1K), rates vary by state
• EverBank - 5.15% ($1.5K min)
• ebank - 5.15% (min $1K), 5.40% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• ETrade Bank - 5.10% (min $1K), my post
• ING Direct - 5.00%, my post
• Wells Fargo - 4.90% (5 months) (min $5K), rate and min vary by state, my post

9-Month Certificates of Deposit:

• World Savings - 5.41% (min $10K) (10-month), my post
• UmbrellaBank.com - 5.40% (min $1K)
• AmTrustDirect - 5.36% (min $1K) my post
• FirstFedDirect - 5.35% (min $10K), my post
• GMAC Bank - 5.25% (min $500), my post
• Imperial Capital - 5.25% ($2K min), my post
• ING Direct - 5.25%, my post
• Countrywide - 5.20% (min $10K), my post
• EverBank - 5.15% ($1.5K min)
• IndyMac Bank - 5.15% (min $5K), my post
• EmigrantDirect - 5.10% (min $1K)
• VirtualBank - 5.05% (min $10K), my post

12-Month Certificates of Deposit:

• Northrop Grumman FCU - 5.48% (min $40K), my post
• Melrose CU - 5.46% (min $5K) my post
• AmTrustDirect - 5.41% (min $1K) my post
• FirstFedDirect - 5.40%, (min $10K) my post
• Ascencia Bank - 5.40% (min $500)
• UmbrellaBank.com - 5.40% (min $1K)
• Corus Bank - 5.40% (min $10K)
• Tennessee Commerce Bank - 5.35% (min $5K)
• Mutual Bank - 5.35% (min $2.5K) my post
• E-LOAN - 5.31% ($10K min), my post
• GMAC Bank - 5.30% (min $500), my post
• Navy FCU - 5.30% ($20K min) restrictions to membership, my post
• iGobanking - 5.30% (min $500), my post
• La Jolla Bank - 5.30% (min $10K), my post
• NetBank - 5.25% (min $1K), my post ($100 bonus)
• AmboyDirect - 5.25% (min $10K), my post
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• Imperial Capital - 5.25% ($2K min), my post
• UFB Direct - 5.20% (min $8K)
• Transportation Alliance Bank - 5.20% ($1K min)
• Self-Help Credit Union - 5.17% (min $500), my post
• EverBank - 5.15% ($1.5K min)
• IndyMac Bank - 5.15% (min $5K), my post
• Countrywide - 5.15% (min $10K)
• ETrade Bank - 5.11% (min $1K), my post
• ING Direct - 5.10%, my post
• EmigrantDirect - 5.10% (min $1K)
• Washington Mutual - 5.05% (min $1K), my post
• VirtualBank - 5.05% (min $10K), my post
• GTE FCU - 4.96% (min $500) (add-on feature) my post

18-Month Certificates of Deposit:

• Security Savings - 5.55% (17 months) (min $500), my post
• Bank of Internet - 5.31% (min $1K) my post
• iGobanking - 5.30% (min $500), my post
• NetBank - 5.25% (min $1K), my post ($100 bonus)
• E-LOAN - 5.21% ($10K min), my post
• GMAC Bank - 5.20% (min $500)
• Imperial Capital - 5.15% ($2K min), my post
• ebank - 5.15% (min $1K), 5.40% for ePremium checking customers
• AmTrustDirect - 5.15% (min $1K) my post
• EmigrantDirect - 5.10% (min $1K)
• Countrywide - 5.00% (min $10K)
• Mutual Bank - 4.85% (min $5K) my post
• ETrade Bank - 4.80% (min $1K), my post
• UmbrellaBank.com - 4.75% (min $1K)

24-Month Certificate of Deposit:

• Mutual Bank - 5.47% (min $5K) my post
• Melrose CU - 5.41% (min $5K) my post
• Navy FCU - 5.40% ($20K min) restrictions to membership, my post
• Bank of Internet - 5.31% (min $1K) my post
• E-LOAN - 5.21% ($10K min), my post
• NetBank - 5.20% (min $1K), my post ($100 bonus)
• Northrop Grumman FCU - 5.20% (min $40K), my post
• GMAC Bank - 5.15% (min $500)
• Transportation Alliance Bank - 5.15% ($1K min)
• Presidential Bank - 5.13% (min $1K)
• Imperial Capital - 5.00% ($2K min), my post

36-Month Certificate of Deposit:

• Mutual Bank - 5.47% (min $5K) my post
• Navy FCU - 5.45% ($20K min) restrictions to membership, my post
• Melrose CU - 5.35% (min $5K) my post
• First State Bank - 5.35% ($1K min), my post
• Bank of Internet - 5.26% (min $1K) my post
• Agriculture FCU - 5.25% (min $1K), my post
• NetBank - 5.20% (min $1K), my post ($100 bonus)
• E-LOAN - 5.16% ($10K min), my post
• Transportation Alliance Bank - 5.15% ($1K min)
• Pentagon Federal CU - 5.12% (min $1K), my post
• GMAC Bank - 5.10% (min $500)
• ebank - 5.10% (min $1K), 5.35% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• Fort Belvoir FCU - 5.02% (min $1K), my post
• AmTrustDirect - 5.00% (min $1K) my post
• Imperial Capital - 4.95% ($2K min), my post
• Self-Help Credit Union - 4.92% (min $500), my post
• Countrywide - 4.90% (min $10K)
• ETrade Bank - 4.80% (min $1K), my post
• UmbrellaBank.com - 4.75% (min $1K)

48-Month Certificate of Deposit:

• Navy FCU - 5.50% ($20K min) restrictions to membership, my post
• Melrose CU - 5.41% (min $5K) my post
• First State Bank - 5.35% ($1K min), my post
• Agriculture FCU - 5.25% (min $1K), my post
• USA FCU - 5.22% (min $1K) my post
• NetBank - 5.20% (min $1K), my post ($100 bonus)
• E-LOAN - 5.16% ($10K min), my post
• Fort Belvoir FCU - 5.13% (min $1K), my post
• Pentagon Federal CU - 5.12% (min $1K), my post
• GMAC Bank - 5.10% (min $500)
• ebank - 5.10% (min $1K), 5.35% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• Transportation Alliance Bank - 5.10% ($1K min)
• Self-Help Credit Union - 4.91% (min $500), my post
• Countrywide - 4.90% (min $10K)
• UmbrellaBank.com - 4.75% (min $1K)

60-Month Certificate of Deposit:

• Navy FCU - 5.60% ($20K min) restrictions to membership, my post
• Agriculture FCU - 5.50% (min $1K), my post
• Melrose CU - 5.46% (min $5K) my post
• First State Bank - 5.35% ($1K min), my post
• Bank of Internet - 5.32% (min $1K) my post
• USA FCU - 5.27% (min $1K) my post
• E-LOAN - 5.26% ($10K min), my post
• NetBank - 5.20% (min $1K), my post ($100 bonus)
• Fort Belvoir FCU - 5.13% (min $1K), my post
• Members Credit Union - 5.13% (min $2K), my post
• Presidential Bank - 5.13% (min $1K)
• Pentagon Federal CU - 5.12% (min $1K), my post
• GMAC Bank - 5.10% (min $500)
• AmTrustDirect - 5.10% (min $1K) my post
• Washington Mutual - 5.10% (min $1K), rates vary by state
• EmigrantDirect - 5.10% (min $1K)
• Transportation Alliance Bank - 5.10% ($1K min)
• VirtualBank - 5.10% (min $10K), my post
• ebank - 5.00% (min $1K), 5.35% for ePremium checking customers
• Imperial Capital - 4.95% ($2K min), my post
• Self-Help Credit Union - 4.93% (min $500), my post
• Countrywide - 4.90% (min $10K)
• ETrade Bank - 4.90% (min $1K), my post
• UmbrellaBank.com - 4.75% (min $1K)

84-Month Certificate of Deposit:

• Navy FCU - 5.70% ($20K min) restrictions to membership, my post
• Pentagon Federal CU - 5.12% (min $1K), my post
• EmigrantDirect - 5.10% (min $1K)
• Countrywide - 4.90% (min $10K)

High Rates with Conditions / Large Balances - Open to All

• 10% Affinity Savings Account for kids ($500 max)
• 6.01% Everbank 3-month intro rate on checking account
• 6.00% Money Market Account at Lockheed FCU ($10K Max)
• 5.43 Money Market Account with $250K initial deposit
• 5.40% Personal and Business Money Market Account with $100K balance
• 5.35% Money Market Account at Bank of America with $50K+

Checking and Saving Accounts at Local Banks/Credit Unions

• 7.50% Checking/Savings Account up to $500 (Washington State)
• 6.25% Reward Checking Account up to $50K (Tennessee)
• 6.10% Reward Checking Account at a Nevada CU (Clearstar Financial)
• 6.01% Reward Checking Account up to $50K (Florida)
• 6.01% Reward Checking Account up to $25K (Wisconsin)
• 6.01% Checking Account up to $100K (Massachusetts)
• 6.01% Checking Account up to $100K (Massachusetts)
• 6.01% Checking Account up to $25K (Little Rock)
• 6.01% Checking Account up to $25k (Arkansas)
• 6.01% Checking Account up to $25K (Colorado)
• 6.00% Checking Account (Washington State)
• 6.00% Money Market Account Intro Rate in New Jersey
• 6.00% 3-Month Money Market Promo at Amboy New Jersey
• 5.61% Checking Account up to $25K (AL/TN/MS)
• 5.50% No-Minimum Online Savings Account (New York)
• 5.25% Money Market Account for 3 months (New York)
• 5.25% Checking Account (Florida)
• 5.05% Low-Minimum Online Savings Account (California)
• 5.01% Checking Account (Wisconsin/Illinois)
• 5.00% Free Checking at Capital One (Central Texas)
• 5.00% Money Market Account (Utah)
• 5.00% Checking Account at an Oklahoma Bank (Legacy)
• 4.75% Checking Account (Texas)

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

• Alabama deals and CD rates
• California deals and CD rates
• Colorado deals and CD rates
• Connecticut deals and CD rates
• Florida deals and CD rates
• Georgia deals and CD rates
• Idaho deals and CD rates
• Illinois deals and CD rates
• Indiana deals and CD rates
• Kansas deals and CD rates
• Kentucky deals and CD rates
• Maryland deals and CD rates
• Massachusetts deals and CD rates
• Michigan deals and CD rates
• Nevada deals and CD rates
• New Hampshire deals and CD rates
• New Jersey deals and CD rates
• New York deals and CD rates
• North Carolina deals and CD rates
• Ohio deals and CD rates
• Oregon deals and CD rates
• Pennsylvania deals and CD rates
• Rhode Island deals and CD rates
• South Carolina deals and CD rates
• Tennessee deals and CD rates
• Texas deals and CD rates
• Washington State deals and CD rates
• Wisconsin deals and CD rates

Terms of 60 Months and Over

• 6.08% 60-Month CD at a Washington State CU (Evergreen Direct)
• 5.90% 72-Month CD at a Missouri Bank (Garden City)
• 5.75% 60-Month CD at a Virginia CU (Apple)
• 5.70% 60-Month CD at a California CU - $90K Min (LBS Financial)
• 5.65% 60-Month CD at a Texas CU (Greater Texas FCU)

Terms of 24 Months to Under 60 Months

• 6.98% 36-Month CD at a California Bank - Variable IRA (Alliance Bank)
• 6.00% 24-Month CD at a Ohio CU (Millstream Area)
• 5.72% 24-Month CD at a Virginia CU (DuPont Fibers)
• 5.70% 48-Month CD at a California CU - $90K Min (LBS Financial)
• 5.69% 36-Month CD at a Nevada CU - Jumbo (Silver State Schools)
• 5.65% 24-Month CD at a Washington DC Credit Union Continues (Washington Telephone)
• 5.61% 36-Month CD at a Pennsylvania (Jessop Community)
• 5.55% 30-Month CD at a Missouri Bank (Bank of Washington)
• 5.50% 24-Month CD at a Florida Bank (Bay Cities)

Terms of 12 Months to Under 24 Months

• 12.00% 12-Month CD at a Texas / California CU - $1.2K Max (Premier America)
• 10.47% 12-Month CD at a Michigan CU - $1K Max (Dearborn Village Community)
• 10.00% 12-Month CD at a New York CU - $2K Max (Palisades)
• 6.00% 15-Month CD at a South Carolina CU Continues (MCAS Beaufort)
• 5.88% 12-Month CD at a New York CU (Buffalo Postal Community)
• 5.75% 13-Month CD at a Georgia Bank (Haven Trust)
• 5.75% 12-Month CD at a Texas CU (Golden Key)
• 5.75% 13-Month CD at a Missouri Bank Continues (Champion)
• 5.71% 13-Month CD at a Missouri CU (Columbia Municipal Employees)
• 5.70% 18-Month CD at a Georgia Bank (American Southern)
• 5.65% 12-Month CD at a Washington State CU (Evergreen Direct)
• 5.65% 12-Month CD at a Missouri Bank (St. Louis Bank)
• 5.65% 12-Month CD at a Georgia Bank (Alpha)
• 5.61% 14-Month CD at a Virginia CU (Reymet Community)
• 5.61% 12-Month CD at a Texas CU (El Paso Employees)
• 5.55% 18-Month CD at a New York CU (Countryside Community)
• 5.55% 12-Month CD at a Washington DC Credit Union Continues (Washington Telephone)
• 5.50% 15-Month CD at a Missouri Bank (Table Rock Community)
• 5.50% 12-Month CD at a Massachusetts CU (Industrial)
• 5.50% 13-Month CD at a Michigan CU (Priority Community)
• 5.50% 13-Month CD at a Missouri Bank (Truman)
• 5.50% 12-Month CD at a Texas CU Continues (San Antonio)
• 5.50% 15-Month CD at a Illinois Bank (Community First Bank - Chicago)
• 5.50% 17-Month CD at a Kentucky CU Continues (Fort Knox)
• 5.50% 12-Month CD at a Chicago Bank (American Eagle)
• 5.50% 12-Month CD at a New York CU (Countryside Community)
• 5.38% 15-Month CD at a Massachusetts Bank (Dedham Savings)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado CU - $2K Max (Elevations)
• 7.00% 7-Month CD at a Texas/California CU - $7K Max (Premier America)
• 6.29% 11-Month CD at a New York/Pennsylvania CU (Visions)
• 6.00% 10-Month CD at a Illinois CU - $20K Max (Land of Lincoln)
• 6.00% 6-Month CD at a New York CU (Empower)
• 6.00% 8-Month CD at a California CU (Santa Clara County)
• 5.77% 7-Month CD at a Colorado Bank (Farmers State)
• 5.75% 9-Month CD at a Alabama CU (1st Capital)
• 5.75% 7-Month CD at a Pennsylvania CU (Clearview)
• 5.75% 11-Month CD at a Arizona/Texas Credit Union is Back (TruWest)
• 5.75% 7-Month CD at a Missouri Bank Continues (Champion)
• 5.70% 7-Month CD at a California CU (Financial Partners)
• 5.70% 6-Month CD at a Georgia Bank (American Southern)
• 5.65% 11-Month CD at a South Florida Bank (Ocean Bank)
• 5.65% 6-Month CD at a Missouri Bank (St. Louis Bank)
• 5.65% 6-Month CD at a Georgia Bank (Alpha)
• 5.64% 6-Month CD at a South Carolina CU (Georgetown Kraft)
• 5.55% 11-Month CD at a Kansas Bank (The Bennington State)
• 5.55% 8-Month CD at a New York CU (Countryside Community)
• 5.55% 5-Month CD at a Georgia Bank (Sunrise Bank of Atlanta)
• 5.55% 9-Month CD at a Dallas Bank (Hillcrest)
• 5.55% 7-Month CD at a California CU (San Francisco)
• 5.55% 8-Month CD at a Missouri Bank (Bank of Washington)
• 5.55% 11-Month CD at a California CU Continues (Pacific Service)
• 5.50% 6-Month CD at a Missouri Bank (Table Rock Community)
• 5.50% 7-Month CD at a Texas Bank (Equity)
• 5.50% 9-Month CD at a Michigan CU and a 7% $500-Max Checking (Community West)
• 5.50% 7-Month CD at a Kentucky CU Continues (Fort Knox)
• 5.50% 7-Month CD at a Philadelphia Bank (Republic First)
• 5.49% 9-Month CD at a South Carolina Bank (Bank of Anderson)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• Vanguard Prime Money Market Fund - 5.10% 7-day yield
• Fidelity Money Market Fund - 5.00% 7-day yield ($100 bonus and other info)
• Paypal Money Market Fund - 5.04% 7-day yield (1% cashback debit MasterCard)
• FW Thread on Treasury Bills
• I Bond Rate Starting Nov 2006, I Bond Article, I Bonds as CD Alternatives
• SmartMoney Brokerage Survey