Bank Deals Weekly Summary for October 6, 2007

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

The aftermath of last month's Fed funds rate cut continues as savings account rates and CD rates fall again this week. New savings account rate cuts this week occurred at AmboyDirect, Discover Bank, FirstFedDirect, E-LOAN and AmTrustDirect. This was E-LOAN's second cut since the Fed rate cut. The yield on E-LOAN's savings account is now 4.75% APY (down by 50 basis points). This was AmTrustDirect's third rate. There were two rate cuts this week. Early in the week the yield fell from 5.21% to 5.16% APY. Then on Friday it fell again to 5.06% APY.

Top Two Savings Accounts

Indymac Bank lowered the rate on the $25K tier on its Internet First Rate Money Market from 5.75% to 5.60% APY. Even with this rate cut, this money market account still has the top rate. Countrywide is close behind with its 5.50% APY savingslink account. Many may be staying away from these two banks due to subprime lending concerns, but as we saw with NetBank's closure, if you stay below the FDIC limits, there are no risks. As in the case of NetBank, insured deposits were just transfered to ING Direct.

Countrywide's savingslink yield is still at 5.50% APY for balances over $10K. Several readers have reported being happy with this account. You can now link up to 5 external accounts. Also, Countrywide now states that you can schedule next business day transfers to and from your linked external accounts. The next day transfer has been confirmed by one reader. It has been reported in the news that Countrywide is having success in attracting deposits so this high rate may soon fall. However, the savingslink account has a history of high rates. Before the credit problems, this savingslink account had a yield of 5.25% APY on its $10K tier since August 2006.

CD Rates Update

Countrywide was one of the very few banks that raised CD rates this week. However, the rate increases were only on the long term CDs. The yield on terms from 18 to 60 months were increased from 5% to 5.25% APY. With this latest rate change, these long term rates are now competitive.

It's unfortunate to say that 5.25% is now a competitive rate, but with the latest rate cuts, I'm afraid that's the case. 5.25% APY is now a top CD rate for banks in several of the long terms. But thanks to a few credit unions, you can still do much better. Pentagon Federal Credit Union (PenFed) is still offering 6.00% APY on CDs with terms from 3 to 7 years. However, don't expect these to last through the month. A reader reported being told by a PenFed service rep that they're going to make a determination on Monday on whether to end this 6%. If they've reached their deposit targets, they're likely to end it. To read more about PenFed and these CDs, please refer to this post.

Local CD Rates Update

That super CD at the Maryland credit union SECU that I mentioned last week didn't last long. With an effective APY of 9.54% and with a deposit limit of $200K, it was too hot. The credit union ended it on Tuesday. There are no super CDs to report this week, but there were three new 6% ones. A long term 6% CD is being offered by a New York/New Jersey credit union. You can actually get a yield up to 6.11% APY with a large deposit. The term is 60 months (see post). The next two have much shorter terms. One is a 6.00% APY 6-month CD being offered by an Illinois credit union (see post). The other one is a 3-month 6.03% APY CD being offered by a Michigan credit union (see post).

For a full list local CD rates, please refer to the local deal section below. Now that we're in October, I no longer include CD posts older than September unless I've confirmed the rates. I've confirmed some rates from the September posts, but I haven't been able to confirm all. With rates falling so fast, some will likely be out-of-date. If you see a CD rate that is no longer available, please leave a comment.

Recap for the Week

Banking News

• Another Bank Failure - a Small Ohio Bank
• Patelco Credit Union Applies for Federal Insurance
• Interesting Facts about NetBank's Closure

Savings Accounts - National

• More Drops in Savings Account Rates. E-LOAN, AmTrustDirect and Others

CD Deals - National

• Update on PenFed's 6.00% CDs
• 5.41% 8-Month / 5.25% 13-Month CD at World Savings
• 5.25% 12-Month CD Promotion at Wachovia
• Countrywide Bank Rates Down But Still High

Credit Card Deals - National

• Chase Freedom Credit Card - Bonus and Rewards Update

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Texas CU (United SA)
• 6.01% Reward Checking Account at a Massachusetts Bank (Clinton Savings)

CD Deals - Local

• 6.11% 60-Month CD at a NY/NJ Credit Union (Polish & Slavic)
• 5.55% 8-Month CD at a California CU (San Francisco)
• 5.35% 7-Month CD at a Florida CU Continues (Space Coast)
• 5.50% 7-Month CD at a California CU (Cal State 9)
• 5.50% 9-Month / 5.50% 18-Month CD at a New Jersey CU - $100K Min (South Jersey)
• 5.35% 3-Month / 5.30% 6-Month CD at a NY/NJ/CT Bank (Hudson City Savings)
• 5.55% 18-Month / 5.45% 12-Month CD at a Colorado Bank (New Frontier)
• 5.50% 24-Month / 5.45% 12-Month at an Idaho/Washington CU (Potlatch No. 1)
• 5.50% 8-Month CD at a California CU (Fresno County)
• 5.50% 24-Month / 5.39% 12-Month CD at a DC Credit Union Continues (Signal Financial)
• 5.50% 24-Month / 5.35% 12-Month at a Utah CU (Freedom)
• 5.65% 7-Month CD at a Kentucky CU (Fort Knox)
• 6.00% 6-Month CD at an Illinois CU (Healthcare Associates)
• 5.50% 60-Month CD at a Chicago Bank (Washington Federal)
• 5.64% 36-Month CD at a Louisiana Credit Union (LA DOTD)
• 5.45% 12-Month CD at a Las Vegas Bank (Fifth Street)
• 5.25% Money Market Account at a Florida Bank (TransCapital Bank)
• 5.65% 60-Month / 5.45% 12-Month CD at a Florida CU (Orlando)
• 5.50% 5-Month CD at a California Bank Continues (PFF Bank and Trust)
• 6.00% 90-Day CD at a Michigan CU (Michigan Tech Employees)
• 5.55% 10-Month CD at an Utah Bank (Prime Alliance)
• 5.55% 5-Month CD at a California CU (Pacific Transportation)

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 October 6, 2007

Checking/Savings/Money Market Accounts:

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

• Indymac Bank - 5.60% MMA (min $25K), my post
• Countrywide - 5.50% (min $10K), my post
• UmbrellaBank - 5.50% (min $100), 3mo promo, my post
• BankUnited - 5.35% (min $5K), my post
• KeyDirect - 5.35% MMA (min $50), Not all states, my post
• UFB Direct - 5.31%, my post
• Zions Bank - 5.30% MMA, outside of Utah, (min $1K) (5.56% $50K+), my post
• OneUnited - 5.30% (min $1K), my post
• CapitalOne/Costco - 5.20% MMA (min $5K, Costco members only, $50 deal for exec. members)
• iGobanking - 5.17%, my post
• WTDirect - 5.15% ($10K min), my post
• grand yield direct - 5.15% (min $2.5K) my post
• Corus Bank - 5.11% MMA (min $10K to open)
• Flagstar - 5.10% MMA, my post
• Savings Square - 5.10%, my post
• AmTrustDirect - 5.06%, my post
• FNBO Direct - 5.05%, my post
• ETrade Bank - 5.05%, my post ($25 bonus)
• Heartland Bank Direct - 5.05%, ($500 min), my post ($50 bonus)
• FirstFedDirect - 5.05% (min $1K) (closed to CA residents), my post
• EverBank - 5.01% ($1.5K min), 6.01% 3-mo promo, my post
• Citibank - 5.00%, requires checking account and bill pay usage, my post ($200 bonus)
• Capital One - 5.00% MMA, my post
• Washington Mutual - 5.00% (requires checking), my post
• PFF Bank and Trust - 5.00% (min $1K), my post
• UmbrellaBank.com - 5.00% MMA (min $1K), my post
• Discover Bank - 5.00% MMA (min $10K)(5.35% for $50K+)
• UnivestDirect - 4.90%, (3.75% checking), my post
• GMAC Bank - 4.90% MMA (min $500), my post
• Presidential Bank - 4.90% (min $5K, only first $35K receives this rate), offers 4.00% checking, my post
• Bank of America AAA/NEA - 4.88% MMA ($10K min) (5.16% for $50K+) my post
• AmboyDirect - 4.80% (4.85% for $20K+), my post ($25 bonus)
• EmigrantDirect - 4.75%, my post
• E-LOAN - 4.75% ($5K min), 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
• Direct Huntington - 4.60% ($1K min), my post
• Mutual Bank - 4.60% MMA (min $5K), my post
• VirtualBank - 4.60% (min $100), (4.86% $50K+/ 5.13% $100K+) offers checking, my post ($20 bonus)
• HSBC Direct - 4.50%, my post
• MyBankingDirect - 4.50% MMA (min $5K), my post
• MetLife Bank - 4.40% MMA (min $5K), my post ($50 bonus)
• ING Direct - 4.30%, (4% checking), my post ($25 bonus)
• Self-Help Credit Union - 4.21% MMA (min $500), my post
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, my post
• Tennessee Commerce Bank - 4.08% (min $10K), my post
• Transportation Alliance Bank - 4.08%, ($25 min), my post
• Melrose CU - 4.06% (min $25) my post
• Charles Schwab - 4.00% Checking, 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
• VirtualBank - 5.23% (min $10K), my post
• UFB Direct - 5.21% (min $8K)
• Imperial Capital - 5.20%, ($2K min), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Corus Bank - 5.11% (min $10K)
• E-LOAN - 5.01% ($10K min), my post
• FirstFedDirect - 5.01% (min $10K), my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• GMAC Bank - 4.95% (min $500), my post
• ETrade Bank - 4.90% (min $1K), my post
• National Bank of KC - 4.90% (min $10K), my post
• EverBank - 4.90% ($1.5K min)
• Element Financial - 4.85% (min $5K), my post
• Self-Help Credit Union - 4.44% (min $500), my post

6-Month Certificates of Deposit:

• Countrywide - 5.41% (min $10K), my post
• Flagstar - 5.36% (min $500), my post
• Western FCU - 5.27% (min $40K), my post
• Northrop Grumman FCU - 5.26% (min $40K), my post
• IndyMac Bank - 5.25% (5 months) (min $5K), my post
• Corus Bank - 5.21% (min $10K)
• Tennessee Commerce Bank - 5.20% (min $5K)
• CU of Georgia - 5.18% (min $50K), my post
• Bank of Internet - 5.17% (min $1K) my post
• La Jolla Bank - 5.15% (min $10K), my post
• VirtualBank - 5.13% (min $10K), my post
• Imperial Capital - 5.10%, ($2K min), my post
• KeyDirect - 5.10% (min $5K), Not all states, my post
• UFB Direct - 5.05% (min $8K)
• UmbrellaBank.com - 5.05% (min $1K)
• E-LOAN - 5.05% ($10K min), my post
• FirstFedDirect - 5.05% (min $10K), my post
• GMAC Bank - 5.00% (min $500), my post
• iGobanking - 5.00% (min $500), my post
• Ascencia Bank - 5.00% (min $500), my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• AmTrustDirect - 5.00% (min $1K) my post
• EverBank - 5.00% ($1.5K min)
• ETrade Bank - 4.95% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• ING Direct - 4.90%, my post
• National Bank of KC - 4.90% (min $10K), my post
• Element Financial - 4.90% (min $5K), 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
• Self-Help Credit Union - 4.64% (min $500), 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
• VirtualBank - 5.13% (min $10K), my post
• EverBank - 5.10% ($1.5K min)
• NASA FCU - 5.10% (8 months) (min $10K)
• Imperial Capital - 5.05% ($2K min), my post
• Bank of Internet - 5.05% (min $1K) my post
• FirstFedDirect - 5.05% (min $10K), my post
• iGobanking - 5.00% (8 months) (min $500), my post
• UmbrellaBank.com - 5.00% (min $1K)
• AmboyDirect - 5.00% (min $10K), my post
• GMAC Bank - 4.95% (min $500), my post
• Element Financial - 4.91% (min $5K), my post
• ING Direct - 4.90% (new money), my post
• National Bank of KC - 4.90% (min $10K), my post
• AmTrustDirect - 4.90% (min $1K) 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
• GTE FCU - 5.38% (min $500) my post
• Melrose CU - 5.35% (min $5K) my post
• CU of Georgia - 5.34% (min $50K), my post
• Tennessee Commerce Bank - 5.30% (min $5K)
• World Savings - 5.25% (13 months) branch-only (min $10K), my post
• Flagstar - 5.25% (min $500), my post
• La Jolla Bank - 5.25% (min $10K), my post
• First State Bank - 5.25% ($1K min), my post
• Northrop Grumman FCU - 5.24% (min $40K), my post
• Western FCU - 5.24% (min $40K), my post
• Corus Bank - 5.21% (min $10K)
• Delta Community CU - 5.20% (min $1K) my post
• FirstFedDirect - 5.15%, (min $10K) my post
• Bank of Internet - 5.11% (min $1K) my post
• ETrade Bank - 5.10% (min $1K), my post
• Air Force FCU - 5.05% (min $12.5K) restrictions to membership, my post
• E-LOAN - 5.05% ($10K min), my post
• IndyMac Bank - 5.05% (min $5K), my post
• Imperial Capital - 5.00% ($2K min), my post
• iGobanking - 5.00% (min $500), my post
• Navy FCU - 5.00% ($20K min) restrictions to membership, my post
• Transportation Alliance Bank - 5.00% ($1K min)
• EverBank - 5.00% ($1.5K min)
• Mutual Bank - 5.00% (min $2.5K) my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• UmbrellaBank.com - 5.00% (min $1K)
• GMAC Bank - 4.95% (min $500), my post
• Discover Bank - 4.94% (min $2.5K)
• Element Financial - 4.92% (min $5K), my post
• ING Direct - 4.90% (new money), my post
• National Bank of KC - 4.90% (min $10K), my post
• AmTrustDirect - 4.90% (min $1K) my post
• Self-Help Credit Union - 4.86% (min $500), my post
• VirtualBank - 4.86% (min $10K), my post
• KeyDirect - 4.85% (min $5K), Not all states, my post
• Lehman Brothers Bank - 4.81% (min $1K)
• Intervest - 4.80% (min $2.5K), my post
• UFB Direct - 4.75% (min $8K)
• Ascencia Bank - 4.67% (min $500), my post
• MetLife Bank - 4.65% (min $25K)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.25% (min $1K), my post

18-Month Certificates of Deposit:

• Countrywide - 5.25% (min $10K)
• Flagstar - 5.25% (min $500), my post
• First State Bank - 5.25% ($1K min), my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• Bank of Internet - 5.02% (min $1K) my post
• iGobanking - 5.00% (min $500), my post
• EverBank - 5.00% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Discover Bank - 4.94% (min $2.5K)
• National Bank of KC - 4.90% (min $10K), my post
• VirtualBank - 4.86% (min $10K), my post
• GMAC Bank - 4.85% (min $500)
• Element Financial - 4.85% (min $5K), my post
• Intervest - 4.82% (min $2.5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• IndyMac Bank - 4.75% (min $5K), my post
• AmTrustDirect - 4.75% (min $1K) my post
• ING Direct - 4.75%, my post
• MetLife Bank - 4.75% (min $25K)
• ETrade Bank - 4.70% (min $1K), my post
• EmigrantDirect - 4.55% (min $1K)

24-Month Certificates of Deposit:

• CU of Georgia - 5.38% (min $50K), my post
• Countrywide - 5.25% (min $10K)
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.20% (min $500), my post
• Delta Community CU - 5.20% (min $1K) my post
• Mutual Bank - 5.20% (min $5K) my post
• Air Force FCU - 5.15% (min $12.5K) restrictions to membership, my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• VirtualBank - 5.13% (min $10K), my post
• Navy FCU - 5.05% ($20K min) restrictions to membership, my post
• Bank of Internet - 5.01% (min $1K) my post
• Transportation Alliance Bank - 5.00% ($1K min)
• E-LOAN - 5.00% ($10K min), my post
• Discover Bank - 4.94% (min $2.5K)
• National Bank of KC - 4.90% (min $10K), my post
• Intervest - 4.85% (min $2.5K), my post
• EverBank - 4.85% ($1.5K min)
• Northrop Grumman FCU - 4.85% (min $40K), my post
• Western FCU - 4.85% (min $40K), my post
• GMAC Bank - 4.80% (min $500)
• Element Financial - 4.77% (min $5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• IndyMac Bank - 4.75% (min $5K), my post
• AmTrustDirect - 4.75% (min $1K) my post
• KeyDirect - 4.75% (min $5K),Not all states, my post
• MetLife Bank - 4.75% (min $25K)
• Presidential Bank - 4.60% (min $1K)
• Ascencia Bank - 4.58% (min $500), my post
• UFB Direct - 4.55% (min $8K)
• Self-Help Credit Union - 4.53% (min $500), my post

36-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• CU of Georgia - 5.43% (min $50K), my post
• Mutual Bank - 5.30% (min $5K) my post
• Countrywide - 5.25% (min $10K)
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• Melrose CU - 5.25% (min $5K) my post
• Delta Community CU - 5.25% (min $1K) my post
• Flagstar - 5.20% (min $500), my post
• VirtualBank - 5.13% (min $10K), my post
• Navy FCU - 5.10% ($20K min) restrictions to membership, my post
• Bank of Internet - 5.10% (min $1K) my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• E-LOAN - 5.05% ($10K min), my post
• First State Bank - 5.00% ($1K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• Discover Bank - 4.94% (min $2.5K)
• National Bank of KC - 4.90% (min $10K), my post
• Intervest - 4.87% (min $2.5K), my post
• GMAC Bank - 4.85% (min $500)
• Agriculture FCU - 4.80% (min $1K), my post
• Northrop Grumman FCU - 4.77% (min $40K), my post
• Western FCU - 4.77% (min $40K), my post
• Element Financial - 4.77% (min $5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• IndyMac Bank - 4.75% (min $5K), my post
• KeyDirect - 4.75% (min $5K),Not all states, my post
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• AmTrustDirect - 4.75% (min $1K) my post
• MetLife Bank - 4.75% (min $25K)
• ETrade Bank - 4.70% (min $1K), my post
• EverBank - 4.65% ($1.5K min)
• UFB Direct - 4.60% (min $8K)
• Self-Help Credit Union - 4.57% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)

48-Month Certificate of Deposit:

• Pentagon Federal CU - 6.00% (min $1K), my post
• CU of Georgia - 5.48% (min $50K), my post
• Countrywide - 5.25% (min $10K)
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.20% (min $500), my post
• Navy FCU - 5.15% ($20K min) restrictions to membership, my post
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.10% (min $1K) my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• E-LOAN - 5.05% ($10K min), my post
• First State Bank - 5.00% ($1K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• Intervest - 5.00% (min $2.5K), my post
• KeyDirect - 5.00% (min $5K),Not all states, my post
• USA FCU - 4.96% (min $1K) my post
• Discover Bank - 4.94% (min $2.5K)
• Northrop Grumman FCU - 4.92% (min $40K), my post
• Western FCU - 4.92% (min $40K), my post
• GMAC Bank - 4.90% (min $500)
• National Bank of KC - 4.90% (min $10K), my post
• Agriculture FCU - 4.90% (min $1K), my post
• Element Financial - 4.85% (min $5K), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• IndyMac Bank - 4.75% (min $5K), my post
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• MetLife Bank - 4.75% (min $25K)
• EverBank - 4.65% ($1.5K min)
• Self-Help Credit Union - 4.64% (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
• CU of Georgia - 5.54% (min $50K), my post
• KeyDirect - 5.50% (min $5K), Not all states, my post
• Melrose CU - 5.41% (min $5K) my post
• Delta Community CU - 5.40% (min $1K) my post
• Countrywide - 5.25% (min $10K)
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• Navy FCU - 5.20% ($20K min) restrictions to membership, my post
• Flagstar - 5.20% (min $500), my post
• E-LOAN - 5.15% ($10K min), my post
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.10% (min $1K) my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• Northrop Grumman FCU - 5.06% (min $40K), my post
• USA FCU - 5.06% (min $1K) my post
• Intervest - 5.01% (min $2.5K), my post
• Discover Bank - 5.01% (min $2.5K)
• GMAC Bank - 5.00% (min $500)
• First State Bank - 5.00% ($1K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• EverBank - 5.00% ($1.5K min)
• Agriculture FCU - 5.00% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• National Bank of KC - 4.90% (min $10K), my post
• Element Financial - 4.90% (min $5K), my post
• AmTrustDirect - 4.85% (min $1K) my post
• ETrade Bank - 4.80% (min $1K), my post
• IndyMac Bank - 4.75% (min $5K), my post
• UFB Direct - 4.75% (min $8K)
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• MetLife Bank - 4.75% (min $25K)
• Self-Help Credit Union - 4.72% (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

• 6.11% 60-Month CD at a NY/NJ Credit Union (Polish & Slavic)
• 5.76% 60-Month CD at a Florida CU (Community First)
• 5.65% 60-Month CD at a Georgia CU - Easy Membership (Delta Community)
• 5.65% 60-Month CD at a Florida CU (Orlando)
• 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)
• 5.50% 60-Month CD at a Chicago Bank (Washington Federal)

Terms of 24 Months to Under 60 Months

• 5.64% 36-Month CD at a Louisiana Credit Union (LA DOTD)
• 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% 30-Month CD at a Arizona CU - IRA (Tempe Schools)
• 5.50% 24-Month CD at a Utah CU (Freedom)
• 5.50% 24-Month CD at a DC Credit Union Continues (Signal Financial)
• 5.50% 24-Month CD at a Idaho/Washington CU (Potlatch No. 1)
• 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)
• 5.64% 15-Month CD at a New York/Florida CU (People's Alliance)
• 5.60% 12-Month CD at a Arizona Bank (Towne Bank)
• 5.55% 18-Month CD at a Colorado Bank (New Frontier)
• 5.52% 12-Month CD at a Washington State CU - $100K Min (BECU)
• 5.50% 12-Month CD at a Arizona CU - IRA (Tempe Schools)
• 5.50% 12-Month CD at a Florida Bank (Bank of Naples)
• 5.50% 15-Month CD at a North Carolina CU Continues (Coastal)
• 5.50% 18-Month CD at a New Jersey CU - $100K Min (South Jersey)
• 5.48% 12-Month CD at a New York City CU (LOMTO)
• 5.45% 12-Month CD at a Florida CU (Orlando)
• 5.45% 12-Month CD at a Las Vegas Bank (Fifth Street)
• 5.45% 12-Month CD at a Idaho/Washington CU (Potlatch No. 1)
• 5.45% 12-Month CD at a Colorado Bank (New Frontier)
• 5.39% 12-Month CD at a DC Credit Union Continues (Signal Financial)
• 5.35% 12-Month CD at a Utah CU (Freedom)
• 5.30% 12-Month CD at a Illinois CU - easy membership (Alliant)

Terms of Under 12 Months

• 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)
• 6.17% 6-Month CD at a Maryland CU (United Maryland Employees)
• 6.03% 3-Month CD at a Michigan CU (Michigan Tech Employees)
• 6.00% 6-Month CD at a Illinois CU (Healthcare Associates)
• 6.00% 5-Month CD at a Connecticut CU - $16K Max/Variable (CorePlus)
• 5.82% 11-Month CD at a Idaho/Wyoming Bank (ANB Financial)
• 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)
• 5.65% 5-Month CD at a California Bank (First Private Bank & Trust)
• 5.65% 7-Month CD at a Kentucky CU (Fort Knox)
• 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 Indiana CU (Public Service)
• 5.55% 5-Month CD at a California CU (Pacific Transportation)
• 5.55% 10-Month CD at a Utah Bank (Prime Alliance)
• 5.55% 8-Month CD at a California CU (San Francisco)
• 5.50% 6-Month CD at a Ohio Bank (The First Bexley)
• 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)
• 5.50% 5-Month CD at a California Bank Continues (PFF Bank and Trust)
• 5.50% 8-Month CD at a California CU (Fresno County)
• 5.50% 9-Month CD at a New Jersey CU - $100K Min (South Jersey)
• 5.50% 7-Month CD at a California CU (Cal State 9)
• 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)
• 5.35% 3-Month CD at a NY/NJ/CT Bank (Hudson City Savings)
• 5.35% 7-Month CD at a Florida CU Continues (Space Coast)
• 5.30% 6-Month CD at a NY/NJ/CT Bank (Hudson City Savings)

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 - 5.09% 7-day yield ($100 bonus and other info)
• Vanguard Prime Money Market Fund - 5.00% 7-day yield
• TIAA-CREF Money Market Fund - 4.89% 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)