Bank Deals Weekly Summary for September 29, 2007

Quick Link for Rates, Recap of this week's posts

This week ended with the closure of NetBank, one of the oldest internet banks. The FDIC became the receiver and arranged for ING Direct to assume the insured deposits. The insured deposits of NetBank customers are now in ING Direct's hands. Depositors who had over the FDIC limits will be getting 50% of their uninsured deposits back in an immediate payment. This show the importance of keeping under the FDIC limits (see post). In the last few years that I've reported on NetBank, they never had very competitive money market rates, but their CD rates were often competitive, and they had some very nice new account bonuses.

The other bad news for savers this week was the continued drop in savings accounts and CD rates. HSBC Direct had the biggest rate drop with their Online Savings Account yield dropping from 5.05% to 4.50% APY. Most of the other online banks had less than a 50 basis point drop. Some of these banks include Emigrant Direct, iGobanking, Flagstar and Salem Five Direct. FNBO Direct's 6% promotion finally ended yesterday, and the new standard yield is 5.05% APY. Considering the Fed rate cut, this new yield is respectable. But it looks like it was based on the old HSBC and Emigrant Direct yields. So I wouldn't be surprised that we'll see more drops in the weeks ahead.

A few online banks are holding their rates steady. Perhaps their strategy is to hold rates for enough time to attract new customers who'll be jumping ship from HSBC and others who've done major rate cuts. I wouldn't count on these banks holding on for too long.

High Yield Savings Account Promotions

There are still a few savings account promos. EverBank still has its 6.01% 3-month promo. UmbrellaBank's 5.50% promo and Amtrust Bank's 5.50% promo still seem to be available. With the end of FNBO Direct's promo, perhaps we'll see other banks starting new promotions. Remember, FNBO Direct's 6% promo started after HSBC Direct 6% promo ended. But with the Fed rate cut, we may not see 6% again.

Maybe Last Chance at a 6% CD

Without a savings account promotion, the only way to prevent lower rates is to lock into a CD. But you'll need to hurry. CD rates are dropping fast. All these rate drops kept me busy today updating the lists. But there was one big surprise this week with Pentagon Federal Credit Union (PenFed). They released new 6.00% APY CDs with terms from 3 to 7 years. Anyone can join via an association membership (see post). One important note is that although the PenFed rate table states that these will remain in effect until the end of October, I believe it's very likely that they'll end much sooner.

The Super CD Deal in Maryland

For local CD deals, another super CD came out this week. I define a super CD as a CD with a very high yield and without a small deposit cap. Every now and then a bank or credit union will come out with a CD with some teaser rate, but it usually has some small deposit cap, like $1,000. Once in a blue moon, there'll be a CD with both a very high yield and no small deposit cap. The Maryland credit union SECU just started offering this rare super CD. It's a special 7-month CD that has an effective yield of 9.54% APY and a maximum deposit of $200,000. The special is actually a combination of an instant 2.5% bonus on your deposit combined with a 5% APY (4.91% rate) 7-month CD (see post)

Local Reward Checking Accounts

I posted on three more local 6%+ reward checking accounts this week. These are free checking accounts that have very high yields but usually have two catches: 1) monthly debit card usage is required to receive the high yield and 2) yield is only good on deposits up to a certain limit (typically $25K). If you don't mind the debit card usage requirement, these can be good deals. So far the reward checking account yields are holding up better than the online savings accounts. It'll be interesting to see if this continues. But one high yield checking account is guaranteed not to drop for one year. That's the high yield checking account being offered by Capital One in Central Texas. They're guaranteeing 5% APY for one year after the account is opened. Unlike the reward checking accounts, this one doesn't require debit card usage, and the 5% is good on balances up to $250K. But there's not much time left in this deal, it's scheduled to end in about 2 weeks (see post).

For more local deals, please see my local deal section below, and please remember, with rates falling so fast lately, be sure to check with the bank or credit union. The CD deals are from the last two months. I tried to go through many of these to filter out the ones that have ended, but I wasn't able to go through all of them. If you see a deal that's no longer available, please leave a comment.

Recap for the Week

Banking News

• NetBank Closed - FDIC Named Receiver, NetBank Depositors Now Under ING Direct
• Online Savings Account Rates Continue to Fall, Emigrant, iGobanking

Savings Accounts - National

• Future Rates at FNBO Direct? and What's Next?
• Capital One's New Rewards Money Market Account

Checking Account Bonuses - National

• $75 Bonus for HSBC Interest Checking Account - Online Savings Account Yield Falls to 4.50%
• $50 Bonus for ING Direct Orange Savings Account

CD Deals - National

• It's Official: 6.00% 3 to 7 Year CDs at Penfed
• New High Yield CDs From Penfed? 6.00%?
• 5.41% 6-Month CD at Wachovia
• 5.30% 24-Month / 5.30% 12-Month CD at an Illinois CU - easy membership (Alliant)
• High Yield CDs at Lehman Brothers Bank

Credit Card Deals - National

• FNBO Direct's New 2% Cash Back Credit Card and It's Official, New Yield of 5.05%

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Texas Bank (Opportunity)
• 6.01% Reward Checking Account at a Michigan CU (NuUnion)
• 6.05% Reward Checking Account at an Illinois Credit Union (Scott)
• 5% Checking Account Guaranteed for One Year Continues at Capital One in Central Texas

CD Deals - Local

• 5.50% 5-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 9.36% 7-Month CD at a Maryland CU - $200K Max (SECU)
• 5.45% 6-Month / 5.45% 24-Month CD at an Illinois CU (Baxter)
• 5.48% 44-Month / 5.43% 8-Month CD at a California CU (the Golden 1)
• 5.50% 60-Month CD at a Pennsylvania CU (Patriot)
• 5.50% 15-Month CD at a North Carolina CU Continues (Coastal)
• 5.50% 12-Month CD at a Florida Bank (Bank of Naples)
• 5.45% 7-Month CD at a California Bank (Pacific Premier)

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 Sep 22nd, Sep 15th, Sep 8th, Sep 1st, Aug 25th, Aug 18th, Aug 11th and Aug 4th.

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 September 29, 2007

Checking/Savings/Money Market Accounts:

• Checking/Savings Account Bonuses
• The Best Checking Accounts - Including Reward Checking

• Indymac Bank - 5.75% MMA (min $25K), my post
• UmbrellaBank - 5.50% (min $100), 3mo promo, my post
• Countrywide - 5.50% (min $10K), my post
• KeyDirect - 5.35% MMA (min $50), Not all states, my post
• BankUnited - 5.35% (min $5K), my post
• UFB Direct - 5.31%, my post
• OneUnited - 5.30% (min $1K), my post
• Zions Bank - 5.30% MMA, outside of Utah, (min $1K) (5.56% $50K+), my post
• Presidential Bank - 4.90% (min $5K, only first $35K receives this rate), offers 4.00% checking, my post
• AmTrustDirect - 5.21%, my post
• CapitalOne/Costco - 5.20% MMA (min $5K, Costco members only, $50 deal for exec. members)
• iGobanking - 5.17%, my post
• FirstFedDirect - 5.16% (min $1K) (closed to CA residents), my post
• grand yield direct - 5.15% (min $2.5K) my post
• WTDirect - 5.15% ($10K min), my post
• Corus Bank - 5.11% MMA (min $10K to open)
• Savings Square - 5.10%, my post
• Flagstar - 5.10% MMA, my post
• Discover Bank - 5.09% MMA (min $10K)(5.35% for $50K+)
• Heartland Bank Direct - 5.05%, ($500 min), my post ($50 bonus)
• AmboyDirect - 5.05% (5.10% for $20K+), my post ($25 bonus)
• ETrade Bank - 5.05%, my post ($25 bonus)
• FNBO Direct - 5.05%, my post
• EverBank - 5.01% ($1.5K min), 6.01% 3-mo promo, my post
• UmbrellaBank.com - 5.00% MMA (min $1K), my post
• PFF Bank and Trust - 5.00% (min $1K), my post
• Washington Mutual - 5.00% (requires checking), my post
• Capital One - 5.00% MMA, my post
• E-LOAN - 5.00% ($5K min), my post
• Citibank - 5.00%, requires checking account and bill pay usage, my post ($200 bonus)
• GMAC Bank - 4.90% MMA (min $500), my post
• Bank of America AAA/NEA - 4.90% MMA ($10K min) (5.16% for $50K+) my post
• UnivestDirect - 4.90%, (3.75% checking), my post
• Self-Help Credit Union - 4.78% MMA (min $500), my post
• EmigrantDirect - 4.75%, my post
• Bank of America DoW - 4.73% MMA (min $10K) (5.01% for $50K+), my post
• Salem Five Direct - 4.70% Checking (4.90% $25K+), my post
• VirtualBank - 4.60% (min $100), (4.86% $50K+/ 5.13% $100K+) offers checking, my post ($20 bonus)
• Mutual Bank - 4.60% MMA (min $5K), my post
• Direct Huntington - 4.60% ($1K min), my post
• MyBankingDirect - 4.50% MMA (min $5K), my post
• HSBC Direct - 4.50%, my post
• MetLife Bank - 4.40% MMA (min $5K), my post ($50 bonus)
• ING Direct - 4.30%, (4% checking), my post ($25 bonus)
• Charles Schwab - 4.00% Checking, my post
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, my post
• Transportation Alliance Bank - 4.08%, ($25 min), my post
• Melrose CU - 4.06% (min $25) my post
• Tennessee Commerce Bank - 3.98% (min $10K), my post
• ebank - 2.50% Checking ($2.5K min), my post

3-Month Certificates of Deposit:

• IndyMac Bank - 5.40% (4 months) (min $5K), my post
• Countrywide - 5.35% (min $10K), my post
• FirstFedDirect - 5.26% (min $10K), my post
• UFB Direct - 5.26% (min $8K)
• E-LOAN - 5.25% ($10K min), my post
• VirtualBank - 5.23% (min $10K), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Imperial Capital - 5.20%, ($2K min), my post
• Corus Bank - 5.11% (min $10K)
• EverBank - 5.00% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• GMAC Bank - 4.95% (min $500), my post
• Element Financial - 4.95% (min $5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• ETrade Bank - 4.90% (min $1K), my post
• Self-Help Credit Union - 4.63% (min $500), my post

6-Month Certificates of Deposit:

• World Savings - 5.41% (5 months) (min $10K), my post
• Countrywide - 5.41% (min $10K), my post
• IndyMac Bank - 5.40% (min $5K), my post
• FirstFedDirect - 5.38% (min $10K), my post
• Flagstar - 5.36% (min $500), my post
• Bank of Internet - 5.32% (min $1K) my post
• Corus Bank - 5.31% (min $10K)
• Western FCU - 5.27% (min $40K), my post
• Lehman Brothers Bank - 5.23% (min $1K)
• Tennessee Commerce Bank - 5.20% (min $5K)
• Northrop Grumman FCU - 5.18% (min $40K), my post
• CU of Georgia - 5.18% (min $50K), my post
• La Jolla Bank - 5.15% (min $10K), my post
• VirtualBank - 5.13% (min $10K), my post
• KeyDirect - 5.10% (min $5K), Not all states, my post
• Imperial Capital - 5.10%, ($2K min), my post
• E-LOAN - 5.05% ($10K min), my post
• UmbrellaBank.com - 5.05% (min $1K)
• UFB Direct - 5.05% (min $8K)
• EverBank - 5.00% ($1.5K min)
• AmTrustDirect - 5.00% (min $1K) my post
• Element Financial - 5.00% (min $5K), my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Ascencia Bank - 5.00% (min $500), my post
• iGobanking - 5.00% (min $500), my post
• GMAC Bank - 4.95% (min $500), my post
• ETrade Bank - 4.95% (min $1K), my post
• National Bank of KC - 4.90% (min $10K), my post
• ING Direct - 4.90%, my post
• Self-Help Credit Union - 4.84% (min $500), my post
• Intervest - 4.75% (min $2.5K), my post
• Wells Fargo - 4.65% (5 months) (min $5K), rate and min vary by state, my post
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.50% (min $1K), my post

9-Month Certificates of Deposit:

• Patelco CU - 5.50% ($1K min), not NCUA insured, my post
• Countrywide - 5.45% (min $10K), my post
• World Savings - 5.41% (8 months) branch-only (min $10K), my post
• NASA FCU - 5.35% (8 months) (min $10K)
• FirstFedDirect - 5.30% (min $10K), my post
• Bank of Internet - 5.15% (min $1K) my post
• VirtualBank - 5.13% (min $10K), my post
• EverBank - 5.10% ($1.5K min)
• Imperial Capital - 5.05% ($2K min), my post
• Element Financial - 5.01% (min $5K), my post
• AmTrustDirect - 5.00% (min $1K) my post
• UmbrellaBank.com - 5.00% (min $1K)
• iGobanking - 5.00% (8 months) (min $500), my post
• GMAC Bank - 4.90% (min $500), my post
• National Bank of KC - 4.90% (min $10K), my post
• ING Direct - 4.90% (new money), my post
• IndyMac Bank - 4.85% (min $5K), my post
• EmigrantDirect - 4.55% (min $1K)

12-Month Certificates of Deposit:

• Countrywide - 5.50% (min $10K), my post
• FirstFedDirect - 5.41%, (min $10K) my post
• GTE FCU - 5.38% (min $500) my post
• Melrose CU - 5.35% (min $5K) my post
• Delta Community CU - 5.35% (min $1K) my post
• Lehman Brothers Bank - 5.34% (min $1K)
• CU of Georgia - 5.34% (min $50K), my post
• Corus Bank - 5.31% (min $10K)
• Tennessee Commerce Bank - 5.30% (min $5K)
• La Jolla Bank - 5.25% (min $10K), my post
• Flagstar - 5.25% (min $500), my post
• World Savings - 5.25% (13 months) branch-only (min $10K), my post
• Bank of Internet - 5.22% (min $1K) my post
• AmboyDirect - 5.15% (min $10K), my post
• Western FCU - 5.10% (min $40K), my post
• Northrop Grumman FCU - 5.10% (min $40K), my post
• ETrade Bank - 5.10% (min $1K), my post
• IndyMac Bank - 5.10% (min $5K), my post
• E-LOAN - 5.05% ($10K min), my post
• Discover Bank - 5.05% (min $2.5K)
• Air Force FCU - 5.05% (min $12.5K) restrictions to membership, my post
• Element Financial - 5.02% (min $5K), my post
• UmbrellaBank.com - 5.00% (min $1K)
• AmTrustDirect - 5.00% (min $1K) my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Mutual Bank - 5.00% (min $5K) my post
• EverBank - 5.00% ($1.5K min)
• Transportation Alliance Bank - 5.00% ($1K min)
• Navy FCU - 5.00% ($20K min) restrictions to membership, my post
• iGobanking - 5.00% (min $500), my post
• Imperial Capital - 5.00% ($2K min), my post
• GMAC Bank - 4.90% (min $500), my post
• National Bank of KC - 4.90% (min $10K), my post
• ING Direct - 4.90% (new money), my post
• VirtualBank - 4.86% (min $10K), my post
• KeyDirect - 4.85% (min $5K), Not all states, my post
• Self-Help Credit Union - 4.80% (min $500), my post
• Intervest - 4.80% (min $2.5K), my post
• UFB Direct - 4.75% (min $8K)
• MetLife Bank - 4.75% (min $25K)
• Ascencia Bank - 4.67% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.25% (min $1K), my post

18-Month Certificates of Deposit:

• Lehman Brothers Bank - 5.34% (min $1K)
• Flagstar - 5.25% (min $500), my post
• Bank of Internet - 5.18% (min $1K) my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• Discover Bank - 5.05% (min $2.5K)
• Countrywide - 5.00% (min $10K)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• EverBank - 5.00% ($1.5K min)
• iGobanking - 5.00% (min $500), my post
• Element Financial - 4.95% (min $5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• MetLife Bank - 4.90% (min $25K)
• VirtualBank - 4.86% (min $10K), my post
• Intervest - 4.82% (min $2.5K), my post
• GMAC Bank - 4.75% (min $500)
• ING Direct - 4.75%, my post
• AmTrustDirect - 4.75% (min $1K) my post
• IndyMac Bank - 4.75% (min $5K), my post
• ETrade Bank - 4.70% (min $1K), my post
• EmigrantDirect - 4.55% (min $1K)

24-Month Certificates of Deposit:

• Lehman Brothers Bank - 5.39% (min $1K)
• CU of Georgia - 5.38% (min $50K), my post
• Delta Community CU - 5.35% (min $1K) my post
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.25% (min $500), my post
• Bank of Internet - 5.18% (min $1K) my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• Air Force FCU - 5.15% (min $12.5K) restrictions to membership, my post
• VirtualBank - 5.13% (min $10K), my post
• Discover Bank - 5.05% (min $2.5K)
• E-LOAN - 5.05% ($10K min), my post
• Navy FCU - 5.05% ($20K min) restrictions to membership, my post
• Transportation Alliance Bank - 5.00% ($1K min)
• Element Financial - 4.95% (min $5K), my post
• MetLife Bank - 4.95% (min $25K)
• Western FCU - 4.92% (min $40K), my post
• Northrop Grumman FCU - 4.92% (min $40K), my post
• National Bank of KC - 4.90% (min $10K), my post
• EverBank - 4.89% ($1.5K min)
• Intervest - 4.85% (min $2.5K), my post
• KeyDirect - 4.75% (min $5K),Not all states, my post
• AmTrustDirect - 4.75% (min $1K) my post
• IndyMac Bank - 4.75% (min $5K), my post
• GMAC Bank - 4.70% (min $500)
• Presidential Bank - 4.60% (min $1K)
• UFB Direct - 4.60% (min $8K)
• Ascencia Bank - 4.58% (min $500), my post
• Self-Help Credit Union - 4.45% (min $500), my post

36-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• Lehman Brothers Bank - 5.44% (min $1K)
• CU of Georgia - 5.43% (min $50K), my post
• Delta Community CU - 5.40% (min $1K) my post
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.25% (min $500), my post
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• Bank of Internet - 5.18% (min $1K) my post
• VirtualBank - 5.13% (min $10K), my post
• Navy FCU - 5.10% ($20K min) restrictions to membership, my post
• Discover Bank - 5.05% (min $2.5K)
• E-LOAN - 5.05% ($10K min), my post
• Countrywide - 5.00% (min $10K)
• Transportation Alliance Bank - 5.00% ($1K min)
• First State Bank - 5.00% ($1K min), my post
• MetLife Bank - 5.00% (min $25K)
• Agriculture FCU - 4.95% (min $1K), my post
• Element Financial - 4.95% (min $5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• Intervest - 4.87% (min $2.5K), my post
• Western FCU - 4.81% (min $40K), my post
• Northrop Grumman FCU - 4.81% (min $40K), my post
• EverBank - 4.80% ($1.5K min)
• AmTrustDirect - 4.75% (min $1K) my post
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• GMAC Bank - 4.75% (min $500)
• KeyDirect - 4.75% (min $5K),Not all states, my post
• IndyMac Bank - 4.75% (min $5K), my post
• ETrade Bank - 4.70% (min $1K), my post
• UFB Direct - 4.65% (min $8K)
• EmigrantDirect - 4.55% (min $1K)
• Self-Help Credit Union - 4.51% (min $500), my post

48-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• CU of Georgia - 5.48% (min $50K), my post
• Lehman Brothers Bank - 5.44% (min $1K)
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.25% (min $500), my post
• Bank of Internet - 5.18% (min $1K) my post
• Navy FCU - 5.15% ($20K min) restrictions to membership, my post
• VirtualBank - 5.13% (min $10K), my post
• USA FCU - 5.12% (min $1K) my post
• Agriculture FCU - 5.05% (min $1K), my post
• Discover Bank - 5.05% (min $2.5K)
• E-LOAN - 5.05% ($10K min), my post
• Countrywide - 5.00% (min $10K)
• KeyDirect - 5.00% (min $5K),Not all states, my post
• Intervest - 5.00% (min $2.5K), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• First State Bank - 5.00% ($1K min), my post
• MetLife Bank - 5.00% (min $25K)
• Element Financial - 4.95% (min $5K), my post
• Western FCU - 4.93% (min $40K), my post
• Northrop Grumman FCU - 4.93% (min $40K), my post
• National Bank of KC - 4.90% (min $10K), my post
• GMAC Bank - 4.85% (min $500)
• EverBank - 4.80% ($1.5K min)
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• IndyMac Bank - 4.75% (min $5K), my post
• Self-Help Credit Union - 4.60% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.00% (min $1K), my post

60-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• Western FCU - 5.75% (min $40K) (5.75% for $100K+) my post
• Delta Community CU - 5.65% (min $1K) my post
• CU of Georgia - 5.54% (min $50K), my post
• Lehman Brothers Bank - 5.50% (min $1K)
• Melrose CU - 5.41% (min $5K) my post
• KeyDirect - 5.25% (min $5K), Not all states, my post
• Flagstar - 5.25% (min $500), my post
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• USA FCU - 5.22% (min $1K) my post
• Bank of Internet - 5.21% (min $1K) my post
• Navy FCU - 5.20% ($20K min) restrictions to membership, my post
• E-LOAN - 5.15% ($10K min), my post
• VirtualBank - 5.13% (min $10K), my post
• Discover Bank - 5.11% (min $2.5K)
• Agriculture FCU - 5.10% (min $1K), my post
• Northrop Grumman FCU - 5.05% (min $40K), my post
• MetLife Bank - 5.05% (min $25K)
• Intervest - 5.01% (min $2.5K), my post
• Countrywide - 5.00% (min $10K)
• EverBank - 5.00% ($1.5K min)
• Element Financial - 5.00% (min $5K), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• First State Bank - 5.00% ($1K min), my post
• GMAC Bank - 4.95% (min $500)
• National Bank of KC - 4.90% (min $10K), my post
• AmTrustDirect - 4.85% (min $1K) my post
• ETrade Bank - 4.80% (min $1K), my post
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• UFB Direct - 4.75% (min $8K)
• IndyMac Bank - 4.75% (min $5K), my post
• Self-Help Credit Union - 4.71% (min $500), my post
• Presidential Bank - 4.65% (min $1K)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.00% (min $1K), my post

84-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• KeyDirect - 5.60% (min $5K) (6.00% 10yr), Not all states, my post
• Navy FCU - 5.30% ($20K min) restrictions to membership, my post
• Countrywide - 5.11% (min $10K)
• Intervest - 5.03% (min $2.5K), 5.06% for 10yr, my post
• EmigrantDirect - 4.55% (min $1K)

High Rates with Conditions or Large Balances - Open to All

• Latest CD and Savings Account Deals with No Major Deposit Limitiations
• 6.01% Reward Checking Account at State Bank of Toledo
• 6.01% Reward Checking Account at Provident Credit Union
• 6.01% Reward Checking Account at Consumers Credit Union
• 6.01% Everbank 3-month intro rate on checking account
• 5.69% Money Market Account at Bank of America with $50K+
• 5.60% Reward Checking Account at First National Bank
• 5.30% Personal and Business Money Market Account with $100K balance

Checking and Saving Accounts at Local Banks/Credit Unions

• Local High Yield Reward Checking Accounts
• 6.00% 3-Month Money Market Promo at Amboy (New Jersey)
• 5.25% No-Minimum Online Savings Account (New York)
• 5.25% Money Market Account (New York)
• 5.00% Free Checking at Capital One (Central Texas)
• 5.00% Money Market Account (Utah)
• 4.80% Low-Minimum Online Savings Account (California)
• 4.65% Checking Account (Florida)
• Savings Account Tied to Prime Rate (Ohio)

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
• Missouri deals and CD rates
• Montana 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
• Oklahoma 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

• 5.76% 60-Month CD at a Florida CU (Community First)
• 5.75% 60-Month CD at a Ohio CU (Toledo Area Community)
• 5.65% 60-Month CD at a Georgia CU - Easy Membership (Delta Community)
• 5.64% 60-Month CD at a Florida CU (CFE)
• 5.61% 60-Month CD at a Colorado CU (Denver Community)
• 5.55% 60-Month CD at a Washington State CU - $100K Min (BECU)
• 5.50% 60-Month CD at a Pennsylvania CU (Patriot)

Terms of 24 Months to Under 60 Months

• 5.80% 48-Month CD at a Texas/Arizona CU (Southwest Airlines FCU)
• 5.75% 36-Month CD at a Connecticut CU - $16K Max/Variable (CorePlus)
• 5.70% 30-Month CD at a Texas/Arizona CU (Southwest Airlines FCU)
• 5.61% 24-Month CD at a New York CU - $100K Min (Western New York FCU)
• 5.60% 36-Month CD at a Nevada CU (Weststar)
• 5.56% 36-Month CD at a Florida CU (Community First)
• 5.54% 24-Month CD at a Florida CU (CFE)
• 5.52% 48-Month CD at a Colorado CU (Denver Community)
• 5.50% 24-Month CD at a Washington DC Credit Union Continues (Signal Financial)
• 5.50% 30-Month CD at a Arizona CU - IRA (Tempe Schools)
• 5.48% 48-Month CD at a New York City CU (LOMTO)
• 5.48% 44-Month CD at a California CU (the Golden 1)
• 5.45% 24-Month CD at a Illinois CU (Baxter)
• 5.30% 24-Month CD at a Illinois CU - easy membership (Alliant)

Terms of 12 Months to Under 24 Months

• 7.30% 12-Month CD at a Georgia Bank - $2.5k Max (Flagstar)
• 7.10% 12-Month CD at a California CU - $1K Max (Central State)
• 6.00% 12-Month CD at a Ohio CU (Firefighters Community)
• 5.85% 15-Month CD at a Arizona CU - $100k (Arizona Federal)
• 5.72% 13-Month CD at a Carolina CU (Founders)
• 5.64% 15-Month CD at a New York/Florida CU (People's Alliance)
• 5.60% 12-Month CD at a Texas CU (West Texas)
• 5.60% 12-Month CD at a Arizona Bank (Towne Bank)
• 5.52% 12-Month CD at a Washington State CU - $100K Min (BECU)
• 5.50% 12-Month CD at a California CU (Bay Federal)
• 5.50% 17-Month CD at a Pennsylvania CU (Tri Boro)
• 5.50% 12-Month CD at a Kansas CU (Central Star)
• 5.50% 12-Month CD at a Arizona CU - IRA (Tempe Schools)
• 5.50% 12-Month CD at a Chicago Bank - plus 5.50% Money Market Account (American Eagle)
• 5.50% 12-Month CD at a Florida Bank (Bank of Naples)
• 5.50% 15-Month CD at a North Carolina CU Continues (Coastal)
• 5.48% 12-Month CD at a New York City CU (LOMTO)
• 5.30% 12-Month CD at a Illinois CU - easy membership (Alliant)

Terms of Under 12 Months

• 9.54% 7-Month CD at a Maryland CU - $200K Max (SECU)
• 9.00% 9-Month CD at a Colorado CU - $2K Max (Elevations)
• 9.00% 7-Month CD at a CA Credit Union - $2K Max and $100 Checking Bonus (California Coast)
• 7.00% 7-Month CD at a Multi-State CU - $7K Max (Chartway)
• 7.00% 6-Month CD at a CA Credit Union - $5K Max (Pacific Service)
• 6.17% 6-Month CD at a Maryland CU (United Maryland Employees)
• 6.00% 6-Month CD at a Pennsylvania CU (Hershey)
• 6.00% 5-Month CD at a Connecticut CU - $16K Max/Variable (CorePlus)
• 6.00% 5-Month CD at a Illinois Bank (Advantage National)
• 6.00% 6-Month CD at a Vermont CU (Members 1st)
• 6.00% 7-Month CD at a California CU Continues (Cal State 9)
• 5.82% 11-Month CD at a Idaho/Wyoming Bank (ANB Financial)
• 5.76% 7-Month CD at a Wachovia Branch in San Francisco
• 5.75% 6-Month CD at a SoCal Bank (PFF Bank & Trust)
• 5.75% 7-Month CD at a New Jersey CU (Garden Savings)
• 5.75% 5-Month CD at a New Jersey Bank (Valley National)
• 5.66% 5-Month CD at a Wachovia Branch in Dallas
• 5.65% 5-Month CD at a California Bank (First Private Bank & Trust)
• 5.64% 5-Month CD at a Connecticut CU - w/DD (First New England)
• 5.60% 6-Month CD at a Missouri Bank (St. Louis Bank)
• 5.60% 7-Month CD at a Los Angeles/New York CU (First Entertainment)
• 5.60% 7-Month CD at a Florida Credit Union Continues (Duval)
• 5.60% 6-Month CD at a Arizona Bank (Towne Bank)
• 5.60% 6-Month CD at a Florida CU (Fairwinds)
• 5.55% 5-Month CD at a Illinois Credit Union (CEFCU)
• 5.55% 6-Month CD at a Massachusetts Bank (Danvers)
• 5.55% 5-Month CD at a Indiana CU (Public Service)
• 5.55% 5-Month CD at a Florida CU (Space Coast)
• 5.50% 7-Month CD at a Florida Bank (Hillcrest)
• 5.50% 7-Month CD at a Texas Bank (Equity)
• 5.50% 6-Month CD at a Ohio Bank (The First Bexley)
• 5.28% 9-Month CD at a California CU - (Central State)
• 5.50% 8-Month CD at a Kansas Bank (The Valley State Bank)
• 5.50% 3-Month CD at a Florida CU (Fairwinds)
• 5.50% 6-Month CD at a Illinois Bank (Community Bank of DuPage)
• 5.50% 6-Month CD at a Arizona CU (Arizona State)
• 5.50% 5-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 5.47% 11-Month CD at a Virginia Bank (Select Bank)
• 5.45% 7-Month CD at a California Bank (Pacific Premier)
• 5.45% 6-Month CD at a Illinois CU (Baxter)
• 5.43% 8-Month CD at a California CU (the Golden 1)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 5.30% rate for $50k+
• Paypal Money Market Fund - 5.21% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 5.12% 7-day yield ($100 bonus and other info)
• Vanguard Prime Money Market Fund - 5.06% 7-day yield
• TIAA-CREF Money Market Fund - 4.79% 7-day yeild
• 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)

Edit: 10/01/07: Updated Charles Schwab checking rate.
Edit 9/30/07: Updated Presidential Bank's savings and checking rates