Update 9/30/07: This CD special has ended. The latest one is a 5.25% APY 12-month CD.
Wachovia is advertising a 5.41% APY on a 6-month CD or CD IRA. The CD minimum deposit is $5,000, and the IRA CD minimum is $2,000. You must be a new or existing checking account customer. This doesn't seem to be listed at Wachovia's website. A reader mentioned this deal being offered in South Florida. I also found this advertised in the Daytona Beach, Florida newspaper (see online ad) and in the Dallas, Texas newspaper (see online ad). The reader was told by the Wachovia rep that it's scheduled to end on 9/29/07.
Wachovia's free checking should qualify for this CD. It requires a $100 minimum opening balance, but it has no minimum balance after opening or monthly service fees.
Wachovia had been offering a $50 sign-up bonus for the free checking that had been scheduled to last through October, but the bonus is no longer listed. For those in Texas, there's still a $75 gift card bonus for opening a Wachovia checking, but this ends on 9/28/07. Please see my Wachovia bonus post for more info.
Wachovia bank is FDIC insured (Certificate # 33869).
Thanks to the reader who mentioned this promotion in the finding deals post.