Bank Deals Weekly Summary for July 7, 2007

Quick Link for Rates

This Fourth of July week was a quiet one for savings account rate changes. Most banks held their rates steady. The best savings account deal remains at FNBO Direct. However, the time that the promotional 6% APY will last is now less than 3 months. If you haven't opened an account at FNBO Direct and prefer a top non-promo rate from a bank with a history of top rates, you may want to consider alternatives that I discussed at the end of HSBC's 6% promo (see post). Three out of the four that I discussed at the start of May are continuing to offer 5.30% APY or better with no or low minimums. These include AmTrustDirect, iGoBanking and GMAC. UFB Direct is still offering 5.31% APY but only in a new account which requires a balance of $10K or more.

Online Savings vs. Reward Checking

The online savings accounts are starting to get competition from the reward checking accounts that are being offered by more and more banks and credit unions. In many of these reward checking accounts you can get a non-promo yield of around 6% APY. The main catch is that they require around 10 debit card transactions (non-ATM) per month. Also, the balances that qualify for the high yield are usually capped at $25K. Another issue is that these have mostly been offered by small banks which require a branch visit. However, this is starting to change. I just posted yesterday on Provident Credit Union's new reward checking account which can be opened online. Also, Provident has easy qualifications for joining. See below for the reward checking accounts that are open to all. To see all of my latest posts on reward checking accounts, see this page, and see this link for a summary of the best checking accounts.

It's still an open question if the high yields on these reward checking accounts can last. The banks are being sold these new checking accounts by vendors who are making the case that these new accounts can be profitable (vendor websites at Strunk & Associates and BancVue).

CD Rates Update

The 5.50% APY seems to be the best CD rate available from the major online banks. Indymac Bank increased the rate on its one-year CD from 5.45% to 5.50% APY this week. E-LOAN increased the rate on its 18-month CD from 5.41% to 5.50% APY. Its 2-year CD remains at 5.50% APY and its 60-month remains at 5.55% APY. Also holding at 5.50% APY are the rates of Ascencia Bank's 1 and 2 year CDs.

The only bank to go much above 5.50% APY is KeyDirect on its long-term CDs. Those rates went up slightly this week. The yields for the 5, 7 and 10 year terms are now 5.60%, 5.75% and 5.90% APY.

Thanks to several credit unions, you can get much better than 5.50% APY on CDs. For credit unions with easy membership, NASA FCU started a new 7-month CD promotion with a yield of 5.65% APY (see post). Navy FCU officially launched their 6% APY 10-month CD. Although this is available nationally, you have to have a Navy connection to qualify for membership (see post). Both Western FCU and Northrop Grumman FCU continue to have very competitive rates on their CDs with minimum deposits of $40K. The long-term rates have fallen some in the last couple of weeks. The top rate is now 5.66% APY on the 60-month term (see my Western FCU post and Northrop Grumman FCU post). For those with large deposits and with a military connection, Air Force FCU has some very competitive CD rates. For a $100K minimum, a yield of 5.75% APY is available on 3 and 5 year terms (see post).

Local CD Deals - Celebrating 7/7/07 with 7% CDs

Several credit unions around the country started CD specials this week that were connected to today's 7/7/07 date. Some have ended today, but several are scheduled to continue into July. The best local CD deal is at Clackamas Community FCU in Oregon which is offering a 7.79% APY 5-month CD. What makes this so good is that there's no maximum deposit (see post). Typically when credit unions or banks offer a CD with a high teaser rate, they limit the amount that can be deposited. If the limit is too low (like $500), it may not even be worth purchasing one. Many that came out this week had a maximum deposit of $7K which makes for a pretty good deal. To see all of these 7% CDs, refer to my local short term CD list below and my 12-to-24 month CD list below. For more local CD deals, refer to my local CD deal section below.

Update on Bonuses

Citibank and Wachovia added new $100 and $50 bonus promotions this week which are basically extensions of what they offered earlier in year. To see all of the latest bank bonuses for savings and checking accounts, refer to my bank bonus page.

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 Jun 30th, Jun 23rd, Jun 16th, Jun 9th, Jun 2nd, May 26th, May 19th and May 12th.

Quick Links: Refer to the following links for the savings accounts and CDs that interest you: Liquid Account Rates: Savings Accounts, Special rates, Local checking/savings, Bank alternatives CD Rates: 3 Mo CDs, 6 Mo CDs, 9 Mo CDs, 12 Mo CDs, 18 Mo CDs, 24 Mo CDs, 36 Mo CDs, 48 Mo CDs, 60 Mo CDs, 84 Mo CDs, CDs by state Comments: read and discuss

As of July 7, 2007

Checking/Savings/Money Market Accounts:

• Checking/Savings Account Bonuses
• The Best Checking Accounts

• FNBO Direct - 6.00% (until 9/28) my post
• AmTrustDirect - 5.36% ($1K min), my post
• BankUnited - 5.35% (min $5K), my post
• UFB Direct - 5.31% (min $10K), 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
• grand yield direct - 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)(5.25% for $25K+)
• Mutual Bank - 5.10% MMA (min $5K), my post
• Savings Square - 5.10%, my post
• Bank of America AAA/NEA - 5.08% MMA ($10K min) (5.35% for $50K+) my post
• EmigrantDirect - 5.05%, my post
• 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)
• UnivestDirect - 5.05%, (4% checking), my post
• Heartland Bank Direct - 5.05%, ($500 min), my post ($50 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
• Salem Five Direct - 5.00% Checking (5.20% $25K+), 6.10% 2-mo promo and $25 bonus, my post
• ebank - 5.00% Checking ($2.5K min), my post
• Indymac Bank - 5.00% ($10K min)
• PFF Bank and Trust - 5.00% (min $1K), my post
• Citibank - 5.00%, requires checking account and bill pay usage, my post ($100 bonus)
• UmbrellaBank.com - 4.95% MMA (min $1K), my post
• Tennessee Commerce Bank - 4.91% (min $10K), my post
• Corus Bank - 4.89% 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
• 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:

• IndyMac Bank - 5.35% (min $5K), my post
• Element Financial - 5.35% (min $5K), my post
• VirtualBank - 5.34% (min $10K), my post
• UFB Direct - 5.31% (min $8K)
• National Bank of KC - 5.30% (min $10K), my post
• Countrywide - 5.30% (min $10K), my post
• Imperial Capital - 5.30%, ($2K min), my post
• FirstFedDirect - 5.26% (min $10K), my post
• UmbrellaBank.com - 5.25% (min $1K)
• ETrade Bank - 5.20% (min $1K), my post
• GMAC Bank - 5.15% (min $500), my post
• EverBank - 5.00% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Self-Help Credit Union - 4.98% (min $500), my post
• Corus Bank - 4.89% (min $10K)

6-Month Certificates of Deposit:

• NASA FCU - 5.65% (7 months) (min $5K), my post
• IndyMac Bank - 5.46% (min $5K), my post
• Imperial Capital - 5.45%, ($2K min), my post
• Element Financial - 5.44% (min $5K), my post
• UmbrellaBank.com - 5.42% (min $1K)
• World Savings - 5.41% (5 months) (min $10K), my post
• Countrywide - 5.40% (min $10K), my post
• Ascencia Bank - 5.40% (min $500), my post
• Tennessee Commerce Bank - 5.40% (min $5K)
• Corus Bank - 5.40% (min $10K)
• NetBank - 5.40% (min $1K)
• VirtualBank - 5.39% (min $10K), my post
• E-LOAN - 5.39% ($10K min), my post
• FirstFedDirect - 5.38% (min $10K), my post
• AmTrustDirect - 5.36% (min $1K) my post
• Northrop Grumman FCU - 5.35% (min $40K), my post
• Western FCU - 5.35% (min $40K), my post
• National Bank of KC - 5.30% (min $10K), my post
• iGobanking - 5.30% (min $500), my post
• GMAC Bank - 5.30% (min $500), my post
• Self-Help Credit Union - 5.27% (min $500), my post
• UFB Direct - 5.25% (min $8K)
• ETrade Bank - 5.20% (min $1K), my post
• ING Direct - 5.15%, my post
• Washington Mutual - 5.15% (min $1K), rates vary by state
• ebank - 5.15% (min $1K), 5.40% for ePremium checking customers
• EverBank - 5.15% ($1.5K min)
• EmigrantDirect - 5.10% (min $1K)
• Wells Fargo - 4.90% (5 months) (min $5K), rate and min vary by state, my post
• Bank of Internet - 4.80% (min $1K) my post

9-Month Certificates of Deposit:

• Navy FCU - 6.00% (10 months) ($10K min) restrictions to membership, my post
• Air Force FCU - 5.50% (min $1K) restrictions to membership, my post
• World Savings - 5.46% (8 months) branch-only (min $10K), my post
• Element Financial - 5.42% (min $5K), my post
• UmbrellaBank.com - 5.41% (min $1K)
• Countrywide - 5.40% (min $10K), my post
• iGobanking - 5.40% (8 months) (min $500), my post
• AmTrustDirect - 5.36% (min $1K) my post
• GMAC Bank - 5.35% (min $500), my post
• VirtualBank - 5.34% (min $10K), my post
• National Bank of KC - 5.30% (min $10K), my post
• FirstFedDirect - 5.30% (min $10K), my post
• Imperial Capital - 5.25% ($2K min), my post
• ING Direct - 5.25%, my post
• EverBank - 5.25% ($1.5K min)
• IndyMac Bank - 5.10% (min $5K), my post
• EmigrantDirect - 5.10% (min $1K)
• Bank of Internet - 4.90% (min $1K) my post

12-Month Certificates of Deposit:

• IndyMac Bank - 5.50% (min $5K), my post
• Ascencia Bank - 5.50% (min $500), my post
• Element Financial - 5.42% (min $5K), my post
• AmTrustDirect - 5.41% (min $1K) my post
• E-LOAN - 5.41% ($10K min), my post
• GMAC Bank - 5.40% (min $500), my post
• UmbrellaBank.com - 5.40% (min $1K)
• Tennessee Commerce Bank - 5.40% (min $5K)
• La Jolla Bank - 5.40% (min $10K), my post
• NetBank - 5.40% (min $1K), my post ($100 bonus)
• Corus Bank - 5.40% (min $10K)
• Transportation Alliance Bank - 5.39% ($1K min)
• VirtualBank - 5.39% (min $10K), my post
• Northrop Grumman FCU - 5.37% (min $40K), my post
• Western FCU - 5.37% (min $40K), my post
• Imperial Capital - 5.35% ($2K min), my post
• UFB Direct - 5.35% (min $8K)
• Mutual Bank - 5.35% (min $2.5K) my post
• ING Direct - 5.35%, my post
• Self-Help Credit Union - 5.31% (min $500), my post
• FirstFedDirect - 5.31%, (min $10K) my post
• KeyDirect - 5.30% (min $5K), my post
• National Bank of KC - 5.30% (min $10K), my post
• Countrywide - 5.30% (min $10K)
• iGobanking - 5.30% (min $500), my post
• Air Force FCU - 5.30% (min $12.5K) restrictions to membership, my post
• ebank - 5.25% (min $1K), 5.50% for ePremium checking customers
• ETrade Bank - 5.25% (min $1K), my post
• Navy FCU - 5.20% ($20K min) restrictions to membership, my post
• Melrose CU - 5.20% (min $5K) my post
• Discover Bank - 5.20% (min $2.5K)
• EverBank - 5.20% ($1.5K min)
• AmboyDirect - 5.15% (min $10K), my post
• GTE FCU - 5.12% (min $500) my post
• Bank of Internet - 5.10% (min $1K) my post
• EmigrantDirect - 5.10% (min $1K)
• Washington Mutual - 5.05% (min $1K), my post

18-Month Certificates of Deposit:

• E-LOAN - 5.50% ($10K min), my post
• Bank of Internet - 5.46% (min $1K) my post
• NetBank - 5.45% (min $1K), my post ($100 bonus)
• Element Financial - 5.41% (min $5K), my post
• VirtualBank - 5.39% (min $10K), my post
• Discover Bank - 5.35% (min $2.5K)
• GMAC Bank - 5.35% (min $500)
• AmTrustDirect - 5.35% (min $1K) my post
• National Bank of KC - 5.30% (min $10K), my post
• iGobanking - 5.30% (min $500), my post
• ING Direct - 5.25%, my post
• Countrywide - 5.15% (min $10K)
• ebank - 5.15% (min $1K), 5.40% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• ETrade Bank - 5.00% (min $1K), my post

24-Month Certificates of Deposit:

• Ascencia Bank - 5.50% (min $500), my post
• E-LOAN - 5.50% ($10K min), my post
• Transportation Alliance Bank - 5.48% ($1K min)
• Mutual Bank - 5.47% (min $5K) my post
• Bank of Internet - 5.46% (min $1K) my post
• Element Financial - 5.41% (min $5K), my post
• GMAC Bank - 5.40% (min $500)
• Air Force FCU - 5.40% (min $12.5K) restrictions to membership, my post
• NetBank - 5.40% (min $1K), my post ($100 bonus)
• VirtualBank - 5.39% (min $10K), my post
• Northrop Grumman FCU - 5.38% (min $40K), my post
• Western FCU - 5.38% (min $40K), my post
• AmTrustDirect - 5.35% (min $1K) my post
• UFB Direct - 5.35% (min $8K)
• Self-Help Credit Union - 5.34% (min $500), my post
• KeyDirect - 5.30% (min $5K), my post
• National Bank of KC - 5.30% (min $10K), my post
• Navy FCU - 5.30% ($20K min) restrictions to membership, my post
• Melrose CU - 5.20% (min $5K) my post
• Discover Bank - 5.20% (min $2.5K)
• Presidential Bank - 5.13% (min $1K)

36-Month Certificate of Deposit:

• Northrop Grumman FCU - 5.51% (min $40K), my post
• Western FCU - 5.51% (min $40K), my post
• Air Force FCU - 5.50% (min $12.5K) restrictions to membership, my post
• Transportation Alliance Bank - 5.50% ($1K min)
• Mutual Bank - 5.47% (min $5K) my post
• Bank of Internet - 5.46% (min $1K) my post
• E-LOAN - 5.41% ($10K min), my post
• Element Financial - 5.41% (min $5K), my post
• KeyDirect - 5.40% (min $5K), my post
• GMAC Bank - 5.40% (min $500)
• UFB Direct - 5.40% (min $8K)
• Self-Help Credit Union - 5.39% (min $500), my post
• VirtualBank - 5.39% (min $10K), my post
• NetBank - 5.38% (min $1K), my post ($100 bonus)
• Navy FCU - 5.35% ($20K min) restrictions to membership, my post
• First State Bank - 5.35% ($1K min), my post
• National Bank of KC - 5.30% (min $10K), my post
• AmTrustDirect - 5.30% (min $1K) my post
• Agriculture FCU - 5.20% (min $1K), my post
• Melrose CU - 5.20% (min $5K) my post
• Discover Bank - 5.20% (min $2.5K)
• Countrywide - 5.15% (min $10K)
• ebank - 5.10% (min $1K), 5.35% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• ETrade Bank - 5.00% (min $1K), my post
• Pentagon Federal CU - 5.00% (min $1K), my post

48-Month Certificate of Deposit:

• Northrop Grumman FCU - 5.59% (min $40K), my post
• Western FCU - 5.59% (min $40K), my post
• Transportation Alliance Bank - 5.50% ($1K min)
• Bank of Internet - 5.46% (min $1K) my post
• KeyDirect - 5.45% (min $5K), my post
• GMAC Bank - 5.45% (min $500)
• Self-Help Credit Union - 5.44% (min $500), my post
• Element Financial - 5.43% (min $5K), my post
• E-LOAN - 5.41% ($10K min), my post
• Navy FCU - 5.40% ($20K min) restrictions to membership, my post
• VirtualBank - 5.39% (min $10K), my post
• First State Bank - 5.35% ($1K min), my post
• NetBank - 5.35% (min $1K), my post ($100 bonus)
• Agriculture FCU - 5.30% (min $1K), my post
• National Bank of KC - 5.30% (min $10K), my post
• Melrose CU - 5.20% (min $5K) my post
• Discover Bank - 5.20% (min $2.5K)
• Countrywide - 5.15% (min $10K)
• USA FCU - 5.12% (min $1K) my post
• ebank - 5.10% (min $1K), 5.35% for ePremium checking customers
• EmigrantDirect - 5.10% (min $1K)
• Pentagon Federal CU - 5.00% (min $1K), my post

60-Month Certificate of Deposit:

• Northrop Grumman FCU - 5.66% (min $40K), my post
• Western FCU - 5.66% (min $40K), my post
• KeyDirect - 5.60% (min $5K), my post
• E-LOAN - 5.55% ($10K min), my post
• Bank of Internet - 5.51% (min $1K) my post
• Self-Help Credit Union - 5.50% (min $500), my post
• Navy FCU - 5.50% ($20K min) restrictions to membership, my post
• Air Force FCU - 5.50% (min $12.5K) restrictions to membership, my post
• Transportation Alliance Bank - 5.50% ($1K min)
• ETrade Bank - 5.47% (min $1K), my post
• GMAC Bank - 5.45% (min $500)
• Element Financial - 5.45% (min $5K), my post
• UFB Direct - 5.40% (min $8K)
• VirtualBank - 5.39% (min $10K), my post
• Agriculture FCU - 5.35% (min $1K), my post
• First State Bank - 5.35% ($1K min), my post
• National Bank of KC - 5.30% (min $10K), my post
• NetBank - 5.30% (min $1K), my post ($100 bonus)
• AmTrustDirect - 5.30% (min $1K) my post
• USA FCU - 5.27% (min $1K) my post
• Melrose CU - 5.25% (min $5K) my post
• Discover Bank - 5.20% (min $2.5K)
• Countrywide - 5.15% (min $10K)
• Presidential Bank - 5.13% (min $1K)
• Washington Mutual - 5.10% (min $1K), rates vary by state
• EmigrantDirect - 5.10% (min $1K)
• ebank - 5.00% (min $1K), 5.35% for ePremium checking customers
• Pentagon Federal CU - 5.00% (min $1K), my post

84-Month Certificate of Deposit:

• KeyDirect - 5.75% (min $5K) (5.95% for $50k+ and 10yr), my post
• Navy FCU - 5.60% ($20K min) restrictions to membership, my post
• Countrywide - 5.15% (min $10K)
• EmigrantDirect - 5.10% (min $1K)
• Pentagon Federal CU - 5.00% (min $1K), my post

High Rates with Conditions or Large Balances - Open to All

• 6.01% Reward Checking Account at State Bank of Toledo
• 6.01% Reward Checking Account at Provident Credit Union
• 6.01% Everbank 3-month intro rate on checking account
• 5.60% Reward Checking Account at First National Bank
• 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

• Local High Yield Reward Checking Accounts
• 6.00% Savings Account for 118 Days at AmTrust (Arizona)
• 6.00% 3-Month Money Market Promo at Amboy (New Jersey)
• 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)
• 5.00% Free Checking at Capital One (Central Texas)
• 5.00% Money Market Account (Utah)

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

• Alabama deals and CD rates
• Arizona deals and CD rates
• California deals and CD rates
• Colorado deals and CD rates
• Connecticut deals and CD rates
• District of Columbia 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
• Maine 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 Mexico 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
• West Virginia deals and CD rates
• Wisconsin deals and CD rates

Terms of 60 Months and Over

• 6.02% 60-Month CD at a California CU (Bay Federal)
• 6.00% 61-Month CD at a Michigan CU (Telcom)
• 5.92% 60-Month CD at a Texas CU (Greater Texas FCU)
• 5.69% 60-Month CD at a California CU (Coast Central)
• 5.60% 60-Month CD at a Ohio CU - and all terms in between (Glass City)
• 5.59% 60-Month CD at a Florida CU (CFE)
• 5.50% 60-Month CD at a Los Angeles/New York CU (First Entertainment)

Terms of 24 Months to Under 60 Months

• 6.06% 41-Month CD at a New Jersey CU (Tri-Co)
• 5.82% 36-Month CD at a New York CU (Telco)
• 5.75% 48-Month CD at a Colorado CU (Western Rockies)
• 5.69% 25-Month CD at a Pennsylvania CU (Galaxy)
• 5.65% 41-Month CD at a New York/Pennsylvania CU (Visions)
• 5.65% 36-Month CD at a Oklahoma CU (Central Oklahoma)
• 5.65% 30-Month CD at a Carolina Bank (Blue Ridge Savings)
• 5.64% 24-Month CD at a California CU (Coast Central)
• 5.54% 36-Month CD at a Florida CU (CFE)
• 5.50% 24, 36, 48 Month CD at a Los Angeles/New York CU (First Entertainment)
• 5.50% 24-Month CD at a Washington DC Credit Union (Signal Financial)
• 5.50% 24-Month CD at a Colorado CU (Western Rockies)

Terms of 12 Months to Under 24 Months

• 7.00% 12-Month CD at a New Jersey CU - $3K Max (North Jersey)
• 6.17% 18-Month CD at a New Mexico CU (First Financial)
• 6.05% 12-Month CD at a Virginia CU (NMA)
• 6.00% 17-Month CD at a Kansas Credit Union (BWCU)
• 6.00% 12-Month CD at a Indiana CU (Notre Dame)
• 5.76% 12-Month CD at a California CU (Bay Federal)
• 5.75% 12-Month CD at a Georgia Bank (Alpha)
• 5.75% 15-Month CD at a Utah CU Continues (Tooele)
• 5.70% 12-Month CD at a Georgia Bank (American Southern)
• 5.67% 18-Month CD at a New York CU (Telco)
• 5.65% 17-Month CD at a Kentucky CU (Fort Knox)
• 5.64% 12-Month CD at a Florida CU (City County)
• 5.60% 18-Month CD at a Texas Bank (First National Bank Southwest)
• 5.60% 14-Month CD at a Nebraska Bank (First National Bank Omaha)
• 5.56% 12-Month CD at a California CU (Redwood)
• 5.55% 12-Month CD at a Texas CU (Greater Texas FCU)
• 5.55% 20-Month CD at a Illinois CU - Open To All (Consumers)
• 5.54% 12-Month CD at a Texas Credit Union (Gulf Coast)
• 5.51% 12-Month CD at Nevada State Bank
• 5.50% 12-Month CD at a Los Angeles/New York CU (First Entertainment)
• 5.50% 13-Month CD at a Florida CU (Jax Federal)
• 5.50% 17-Month CD at a Missouri Bank (WestBridge)
• 5.50% 12-Month CD at a Missouri Bank (WestBridge)
• 5.50% 23-Month CD at a California Bank (Pacific State)
• 5.50% 18-Month CD at a California Bank (Pacific State)
• 5.50% 14-Month CD at a Indiana/Michigan/Georgia Bank (Flagstar)
• 5.50% 12-Month CD at a North Carolina and Virginia Bank (Gateway)
• 5.50% 13-Month CD at a Carolina Bank (Blue Ridge Savings)
• 5.45% 12-Month CD at a Tennessee CU - 5.55% Jumbo (Eastman)
• 5.45% 12-Month CD at a Chicago Bank (Builders)
• 5.40% 12-Month CD at a Texas Bank (First National Bank Southwest)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado CU - $2K Max (Elevations)
• 7.79% 5-Month CD at a Oregon CU (Clackamas Community)
• 7.77% 7-Month CD at a Ohio CU - $7K Max (Universal 1)
• 7.00% 7-Month CD at a Colorado CU (Aurora Schools)
• 7.00% 7-Month CD at a Multi-State CU - $7K Max (Chartway)
• 7.00% 7-Month CD at a New York CU - $7K Max (Finger Lakes)
• 7.00% 7-Month CD at a Maryland CU - $7K Max (NIH)
• 6.06% 8-Month CD at a Pennsylvania CU (Pittsburgh Teachers)
• 6.00% 5-Month CD at a New Jersey Bank (Valley National)
• 6.00% 6-Month CD at a Georgia Bank (Alpha)
• 6.00% 10-Month CD at a Florida CU (Pen Air)
• 6.00% 7-Month CD at a Kentucky CU (Fort Knox)
• 6.00% 6-Month CD at a Florida CU - $25K Max (City County)
• 5.96% 10-Month CD at a New Jersey CU (Tri-Co)
• 5.70% 5-Month CD at a FL/NY/TX Bank (Commercebank)
• 5.70% 6-Month CD at a Georgia Bank (American Southern)
• 5.65% 6-Month CD at a New York/Pennsylvania CU (Visions)
• 5.65% 5-Month CD at a Florida CU (SunState)
• 5.64% 6-Month CD at a Virginia Bank (Sonabank)
• 5.64% 9-Month CD at a Massachusetts CU (Harvard University Employees)
• 5.61% 6-Month CD at a Wisconsin Bank (Town Bank)
• 5.60% 10-Month CD at a Tennessee Bank (Reliant)
• 5.60% 7-Month CD at a Florida Bank (Duval)
• 5.60% 3-Month CD at a Ohio CU - and all terms in between (Glass City)
• 5.55% 11-Month CD at a Florida Bank (TransCapital)
• 5.55% 4-Month CD at a Florida Bank (TransCapital)
• 5.55% 9-Month CD at a Utah CU Continues (Tooele)
• 5.54% 9-Month CD at a Arizona CU (Pinal County)
• 5.53% 9-Month CD at a Washington State CU (Harborstone)
• 5.51% 9-Month CD at a Texas Bank (First Community Bank)
• 5.50% 7-Month CD at a Massachusetts Bank (Ipswich Co-operative)
• 5.50% 7-Month CD at a Florida CU (Jax Federal)
• 5.50% 9-Month CD at a Washington State CU (Sound)
• 5.50% 8-Month CD at a Florida Bank (Third Federal)
• 5.50% 4-Month CD at a New Jersey CU (United Teletech Financial)
• 5.50% 3, 6, 9 Month CD at a Los Angeles/New York CU (First Entertainment)
• 5.50% 3-Month CD at a North Carolina and Virginia Bank (Gateway)
• 5.50% 7-Month CD at a Massachusetts Bank (Institution for Savings)
• 5.50% 10-Month CD at a Florida Bank (Community Bank of Englewood)
• 5.40% 9-Month CD at a New York Bank (Astoria Federal Savings)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• Vanguard Prime Money Market Fund - 5.13% 7-day yield
• TIAA-CREF Money Market Fund - 5.06% 7-day yeild
• Paypal Money Market Fund - 5.06% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 5.01% 7-day yield ($100 bonus and other info)
• FW Thread on Treasury Bills
• I Bond Rate Starting Nov 2006, I Bond Article, I Bonds as CD Alternatives

Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)