Bank Deals Weekly Summary for October 13, 2007

This week closed with the end of the 6% certificate specials at Pentagon Federal Credit Union. PenFed's long term CD yields are back down to 5%. I hope all those who were looking for high yield long term CDs were able to participate. Before the Fed rate cut last month, locking money into a CD didn't seem wise as 6% savings account promotions kept popping up. However, with fewer promotions and many of those high yields falling, a 6% CD doesn't look too bad. Although it's getting harder to find, there are still some good CD deals and other deals that are close to 6% that provide alternatives to the savings account. The appeal of those alternatives grew this week as savings account yields continued to fall. The latest drops occurred at ETrade, GMAC, KeyDirect, WTDirect and Indymac Bank.

Indymac's Internet First Rate Money Market top yield is now at 5.50% APY which matches Countrywide's savingslink yield for most balances. As I mentioned last week, Countrywide's savingslink account has many nice features and has a history of high rates. So if you're trying to decide on the a new savings account, I would give Countrywide's savingslink the edge over Indymac's money market. There have been concerns over the future of both banks due to the subprime problems, but as we saw with NetBank's closure, if you stay below the FDIC limits, there are no risks. For the case of NetBank, insured deposits were just transfered to ING Direct.

There are a few other banks in addition to Countrywide that are holding on to their pre-Fed-rate-cut yields. I'll be posting more on these banks in the next week. Even though a few have a history of high rates, they often don't have the best online banking features such as easy access to your money via electronic funds transfers (EFT).

Best Rate-Chaser Deals

If you're more of a rate chaser looking for the best rates and deals for the short term, EverBank still has its 6% APY 3-month promotion (see post). If you've already done that promotion, UmbrellaBank has a 5.50% APY 3-month savings account promotion (see post). Another good deal is Capital One's Money Market Account for Costco members. This is still at 5.20% APY, and there's a $50 bonus (see post). Another online bank holding steady with rates that has a new account bonus is Heartland Bank Direct. This online savings account has remained at 5.05% APY since it launched early last summer. In addition, there's a $50 new account bonus (see post).

Best CD Deals - Yields up to 6.05%

Even though PenFed's 6% CDs ended and CD rates overall continued to decline, there was some good news this week for those looking for CDs. Countrywide surprised me by bringing back its 5.65% APY on the one-year CD (see post). It had recently fallen to 5.50% APY. Another big surprise was at Mutual Bank. It started offering a one-year CD at 5.75% APY (see post). The only problem with both of these banks is that they still depend on the mail to receive applications and checks. They don't have an EFT system for their CDs that allows funding via ACH.

For those who missed out on PenFed's long term CD deals, there are still a few decent options. Western Federal Credit Union continues to offer 5.75% APY 5-year CDs for balances over $40K. The yield for smaller balances is not much lower at 5.64% APY. Like PenFed, membership into Western FCU is open to anyone via membership into one of two associations (see post). The other good long-term CD deal is at KeyDirect which is offering a 5.50% APY 5-year CD. It also has a 10-year CD with a yield up to 6.05% APY. There are some downsides that I mention in this post such as a hefty early withdrawal penalty and availability in only certain states.

Local Deals - Reward Checking Accounts with Yields up to 6.25%

Small banks and credit unions continue to introduce high yield reward checking accounts with yields over 6%. I reported on 4 new ones this week (see recap section below). The reward checking account is a fairly new product that's being pushed by vendors like BancVue to community banks as a way to regain deposits from the big banks, the online banks, and from brokerages. These reward checking accounts basically reward customers with very high yields in return for monthly debit card usage. A few banks continue to offer yields as high has 6.25% APY. These are not promotional rates that'll fall after a few months. Many banks that have started these early in the year continue to offer these very high rates. However, like the savings accounts, some of the reward checking account rates have fallen due to last month's Fed rate cut.

In addition to the debit card usage requirement, the other main catch with these reward checking accounts is that most banks limit the amount that earns the high yield to a balance of $25K. However, a few have caps of $100K or have no caps. There are usually a few other requirements like direct deposit, but I do consider these as good deals for those who don't mind the debit card usage. There's never any spending amount requirement, so you're free to use the debit card on small purchases which reduces the impact to your cash back credit card rewards. Also, all of these reward checking accounts have no monthly fees regardless of balance even if you don't meet the debit card requirements. To see all of my reports on reward checking accounts around the country, please see my reward checking account page and my best checking account post.

There were a few good local CD deals this week that you can see in the recap below. For a full list of local CD rates, please refer to the local deal section below. 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

Savings Accounts - National

• More Drops in Online Savings Account Rates: ETrade, GMAC, Indymac..

CD Deals - National

• 5.75% 12-Month CD at Mutual Bank - Nationally Available
• Countrywide's 12-Month Internet CD Yield Back at 5.65%
• Friday is Last Day for PenFed's 6 Percent CDs
• Navy FCU Updates - Jumbo CDs and $100 Checking Account Bonus

Checking Account Bonuses

• $150 Checking Account Bonus at Amalgamated Bank Extended Again
• Other Deals to Consider at SECU Credit Union in Maryland

Reward Checking Accounts - Local

• 6.06% Reward Checking at a Rhode Island Bank (BankNewport)
• 5.60% Reward Checking Account at a Nevada Bank (Community Bank)
• 6.01% Reward Checking Account at a Rhode Island CU (People's)
• 6.25% Reward Checking Account at an Oregon CU (Advantis)

CD and Money Market Deals - Local

• 5.50% Money Market Account for 6 Months at a California CU (Meriwest)
• 5.50% 29-Month / 5.45% 19-Month CD at an Indiana CU (NorthPark Community)
• 5.60% 6-Month / 5.60% 12-Month CD Continues at an Arizona Bank (Towne Bank)
• 5.75% 9-Month CD at a Georgia CU (Georgia's Own)
• 5.56% 16-Month CD at a Colorado CU (Space Age)
• 5.55% 5-Month CD at a Washington State CU - up to 6.16% possible (Columbia)
• 5.75% 5-Month / 5.50% 12-Month CD at a California CU (San Mateo)

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 Oct 6th, Sep 29th, Sep 22nd, Sep 15th, Sep 8th, Sep 1st, Aug 25th, Aug 18th and Aug 11th.

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 13, 2007

Checking/Savings/Money Market Accounts:

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

• UmbrellaBank - 5.50% (min $100), 3mo promo, my post
• Countrywide - 5.50% (min $10K), my post
• Indymac Bank - 5.50% MMA (min $25K), 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
• KeyDirect - 5.25% MMA (min $50), Not all states, my post
• CapitalOne/Costco - 5.20% MMA (min $5K, Costco members only, $50 deal for exec. members)
• iGobanking - 5.17%, my post
• grand yield direct - 5.15% (min $2.5K) my post
• Corus Bank - 5.12% MMA (min $10K to open)
• Savings Square - 5.10%, my post
• Flagstar - 5.10% MMA, my post
• AmTrustDirect - 5.06%, my post
• WTDirect - 5.06% ($10K min), my post
• FirstFedDirect - 5.05% (min $1K) (closed to CA residents), my post
• Heartland Bank Direct - 5.05%, ($500 min), my post ($50 bonus)
• FNBO Direct - 5.05%, my post
• EverBank - 5.01% ($1.5K min), 6.01% 3-mo promo, my post
• Discover Bank - 5.00% MMA (min $10K)(5.10% for $50K+)
• 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
• Citibank - 5.00%, requires checking account and bill pay usage, my post ($200 bonus)
• Presidential Bank - 4.90% (min $5K, only first $35K receives this rate), offers 4.00% checking, my post
• Bank of America AAA/NEA - 4.84% MMA ($10K min) (5.16% for $50K+) my post
• AmboyDirect - 4.80% (4.85% for $20K+), my post ($25 bonus)
• E-LOAN - 4.75% ($5K min), my post
• EmigrantDirect - 4.75%, my post
• GMAC Bank - 4.75% MMA (min $500), my post
• UnivestDirect - 4.75%, (3.75% checking), my post
• Bank of America DoW - 4.71% MMA (min $10K) (5.01% for $50K+), my post
• Salem Five Direct - 4.70% Checking (4.90% $25K+), my post
• ETrade Bank - 4.70%, my post ($25 bonus)
• 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
• 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
• MetLife Bank - 4.15% MMA (min $5K), my post ($50 bonus)
• Tennessee Commerce Bank - 4.13% (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)
• UmbrellaBank.com - 5.20% (min $1K)
• Imperial Capital - 5.20%, ($2K min), my post
• Corus Bank - 5.12% (min $10K)
• FirstFedDirect - 5.01% (min $10K), my post
• E-LOAN - 5.01% ($10K min), my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• GMAC Bank - 4.95% (min $500), my post
• EverBank - 4.90% ($1.5K min)
• National Bank of KC - 4.90% (min $10K), my post
• ETrade Bank - 4.90% (min $1K), my post
• Element Financial - 4.85% (min $5K), my post
• Self-Help Credit Union - 4.45% (min $500), my post

6-Month Certificates of Deposit:

• Countrywide - 5.41% (min $10K), my post
• Flagstar - 5.36% (min $500), my post
• Northrop Grumman FCU - 5.34% (min $40K), my post
• Western FCU - 5.27% (min $40K), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Tennessee Commerce Bank - 5.20% (min $5K)
• Corus Bank - 5.16% (min $10K)
• La Jolla Bank - 5.15% (min $10K), my post
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.11% (min $1K) my post
• KeyDirect - 5.10% (min $5K), Not all states, my post
• Imperial Capital - 5.10%, ($2K min), my post
• CU of Georgia - 5.07% (min $50K), my post
• FirstFedDirect - 5.05% (min $10K), my post
• E-LOAN - 5.05% ($10K min), my post
• UFB Direct - 5.05% (min $8K)
• IndyMac Bank - 5.05% (min $5K), my post
• ING Direct - 5.00%, my post
• EverBank - 5.00% ($1.5K min)
• AmTrustDirect - 5.00% (min $1K) 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 - 5.00% (min $500), my post
• ETrade Bank - 4.95% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• Element Financial - 4.90% (min $5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• Intervest - 4.75% (min $2.5K), my post
• Self-Help Credit Union - 4.65% (min $500), 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
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.11% (min $1K) my post
• NASA FCU - 5.10% (8 months) (min $10K)
• FirstFedDirect - 5.05% (min $10K), my post
• Imperial Capital - 5.05% ($2K min), my post
• GMAC Bank - 5.00% (min $500), my post
• AmboyDirect - 5.00% (min $10K), my post
• UmbrellaBank.com - 5.00% (min $1K)
• iGobanking - 5.00% (8 months) (min $500), my post
• EverBank - 5.00% ($1.5K min)
• Element Financial - 4.91% (min $5K), my post
• AmTrustDirect - 4.90% (min $1K) 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:

• Mutual Bank - 5.75% (min $2.5K) my post
• Countrywide - 5.65% (min $10K), my post
• GTE FCU - 5.38% (min $500) my post
• Melrose CU - 5.35% (min $5K) my post
• Tennessee Commerce Bank - 5.30% (min $5K)
• Western FCU - 5.29% (min $40K), my post
• Northrop Grumman FCU - 5.29% (min $40K), my post
• First State Bank - 5.25% ($1K min), my post
• La Jolla Bank - 5.25% (min $10K), my post
• Flagstar - 5.25% (min $500), my post
• CU of Georgia - 5.23% (min $50K), my post
• Delta Community CU - 5.20% (min $1K) my post
• Corus Bank - 5.16% (min $10K)
• FirstFedDirect - 5.15%, (min $10K) my post
• Bank of Internet - 5.11% (min $1K) my post
• ETrade Bank - 5.10% (min $1K), my post
• IndyMac Bank - 5.05% (min $5K), my post
• E-LOAN - 5.05% ($10K min), my post
• Air Force FCU - 5.05% (min $12.5K) restrictions to membership, my post
• GMAC Bank - 5.00% (min $500), my post
• UmbrellaBank.com - 5.00% (min $1K)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• 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
• Self-Help Credit Union - 4.94% (min $500), my post
• Element Financial - 4.92% (min $5K), my post
• Discover Bank - 4.91% (min $2.5K)
• AmTrustDirect - 4.90% (min $1K) 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
• Intervest - 4.85% (min $2.5K), my post
• KeyDirect - 4.85% (min $5K), Not all states, my post
• Lehman Brothers Bank - 4.81% (min $1K)
• 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:

• First State Bank - 5.25% ($1K min), my post
• Flagstar - 5.25% (min $500), my post
• Countrywide - 5.25% (min $10K)
• Tennessee Commerce Bank - 5.15% (min $5K)
• Bank of Internet - 5.11% (min $1K) my post
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• EverBank - 5.00% ($1.5K min)
• iGobanking - 5.00% (min $500), my post
• GMAC Bank - 4.95% (min $500)
• Discover Bank - 4.91% (min $2.5K)
• National Bank of KC - 4.90% (min $10K), my post
• Intervest - 4.87% (min $2.5K), my post
• VirtualBank - 4.86% (min $10K), my post
• Element Financial - 4.85% (min $5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• MetLife Bank - 4.75% (min $25K)
• 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:

• CU of Georgia - 5.27% (min $50K), my post
• Melrose CU - 5.25% (min $5K) my post
• Countrywide - 5.25% (min $10K)
• Mutual Bank - 5.20% (min $5K) my post
• Delta Community CU - 5.20% (min $1K) my post
• Flagstar - 5.20% (min $500), my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• Air Force FCU - 5.15% (min $12.5K) restrictions to membership, my post
• Western FCU - 5.14% (min $40K), my post
• Northrop Grumman FCU - 5.14% (min $40K), my post
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.11% (min $1K) my post
• Navy FCU - 5.05% ($20K min) restrictions to membership, my post
• E-LOAN - 5.00% ($10K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• Discover Bank - 4.94% (min $2.5K)
• GMAC Bank - 4.90% (min $500)
• Intervest - 4.90% (min $2.5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• EverBank - 4.85% ($1.5K min)
• Element Financial - 4.77% (min $5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• MetLife Bank - 4.75% (min $25K)
• 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
• Self-Help Credit Union - 4.61% (min $500), my post
• Presidential Bank - 4.60% (min $1K)
• Ascencia Bank - 4.58% (min $500), my post
• UFB Direct - 4.55% (min $8K)

36-Month Certificate of Deposit:

• CU of Georgia - 5.33% (min $50K), my post
• Mutual Bank - 5.30% (min $5K) my post
• Delta Community CU - 5.25% (min $1K) my post
• Melrose CU - 5.25% (min $5K) my post
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• Countrywide - 5.25% (min $10K)
• Flagstar - 5.20% (min $500), my post
• Western FCU - 5.19% (min $40K), my post
• Northrop Grumman FCU - 5.19% (min $40K), my post
• VirtualBank - 5.13% (min $10K), my post
• Bank of Internet - 5.11% (min $1K) my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• Navy FCU - 5.10% ($20K min) restrictions to membership, my post
• E-LOAN - 5.05% ($10K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• First State Bank - 5.00% ($1K min), my post
• Pentagon Federal CU - 5.00% (min $1K), my post
• GMAC Bank - 4.95% (min $500)
• Intervest - 4.95% (min $2.5K), my post
• Discover Bank - 4.94% (min $2.5K)
• National Bank of KC - 4.90% (min $10K), my post
• Agriculture FCU - 4.80% (min $1K), my post
• Element Financial - 4.77% (min $5K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• MetLife Bank - 4.75% (min $25K)
• AmTrustDirect - 4.75% (min $1K) my post
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• 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
• Self-Help Credit Union - 4.67% (min $500), my post
• EverBank - 4.65% ($1.5K min)
• UFB Direct - 4.60% (min $8K)
• EmigrantDirect - 4.55% (min $1K)

48-Month Certificate of Deposit:

• CU of Georgia - 5.38% (min $50K), my post
• Western FCU - 5.28% (min $40K), my post
• Northrop Grumman FCU - 5.28% (min $40K), my post
• Melrose CU - 5.25% (min $5K) my post
• Countrywide - 5.25% (min $10K)
• 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 - 5.11% (min $1K) my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• E-LOAN - 5.05% ($10K min), my post
• GMAC Bank - 5.00% (min $500)
• 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
• Pentagon Federal CU - 5.00% (min $1K), my post
• USA FCU - 4.96% (min $1K) my post
• Discover Bank - 4.94% (min $2.5K)
• Agriculture FCU - 4.90% (min $1K), my post
• National Bank of KC - 4.90% (min $10K), my post
• Element Financial - 4.85% (min $5K), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• Self-Help Credit Union - 4.75% (min $500), my post
• MetLife Bank - 4.75% (min $25K)
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• IndyMac Bank - 4.75% (min $5K), my post
• EverBank - 4.71% ($1.5K min)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.00% (min $1K), my post

60-Month Certificate of Deposit:

• Western FCU - 5.75% (min $40K) my post
• KeyDirect - 5.50% (min $5K), Not all states, my post
• CU of Georgia - 5.43% (min $50K), my post
• Melrose CU - 5.41% (min $5K) my post
• Delta Community CU - 5.40% (min $1K) my post
• Northrop Grumman FCU - 5.38% (min $40K), my post
• Air Force FCU - 5.25% (min $12.5K) restrictions to membership, my post
• Countrywide - 5.25% (min $10K)
• Flagstar - 5.20% (min $500), 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
• Bank of Internet - 5.11% (min $1K) my post
• GMAC Bank - 5.10% (min $500)
• Tennessee Commerce Bank - 5.10% (min $5K)
• USA FCU - 5.06% (min $1K) my post
• Intervest - 5.05% (min $2.5K), my post
• Discover Bank - 5.01% (min $2.5K)
• Agriculture FCU - 5.00% (min $1K), my post
• EverBank - 5.00% ($1.5K min)
• Transportation Alliance Bank - 5.00% ($1K min)
• First State Bank - 5.00% ($1K min), my post
• Pentagon Federal CU - 5.00% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• Element Financial - 4.90% (min $5K), my post
• National Bank of KC - 4.90% (min $10K), my post
• AmTrustDirect - 4.85% (min $1K) my post
• Self-Help Credit Union - 4.83% (min $500), my post
• ETrade Bank - 4.80% (min $1K), my post
• MetLife Bank - 4.75% (min $25K)
• 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
• Presidential Bank - 4.65% (min $1K)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.00% (min $1K), my post

84-Month Certificate of Deposit:

• 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 - 5.07% (min $2.5K), 5.06% for 10yr, my post
• Pentagon Federal CU - 5.00% (min $1K), 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
• 5.60% 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% Money Market Account (Utah)
• 4.80% Low-Minimum Online Savings Account (California)
• 4.65% Checking Account (Florida)
• 4.00% Free Checking at Capital One (Central Texas)
• 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)
• 5.64% 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 Chicago Bank (Washington Federal)
• 5.50% 60-Month CD at a Pennsylvania CU (Patriot)
• 5.40% 60-Month CD at a Georgia CU - Easy Membership (Delta Community)

Terms of 24 Months to Under 60 Months

• 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 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)
• 5.50% 29-Month CD at a Indiana CU (NorthPark Community)
• 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)
• 5.64% 15-Month CD at a New York/Florida CU (People's Alliance)
• 5.60% 12-Month CD at a Arizona Bank (Towne Bank)
• 5.56% 16-Month CD at a Colorado CU (Space Age)
• 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% 18-Month CD at a New Jersey CU - $100K Min (South Jersey)
• 5.50% 12-Month CD at a California CU (San Mateo)
• 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)
• 5.48% 12-Month CD at a New York City CU (LOMTO)
• 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)
• 5.45% 19-Month CD at a Indiana CU (NorthPark Community)
• 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% 5-Month CD at a California CU (San Mateo)
• 5.75% 9-Month CD at a Georgia CU (Georgia's Own)
• 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% 7-Month CD at a Kentucky CU (Fort Knox)
• 5.65% 5-Month CD at a California Bank (First Private Bank & Trust)
• 5.60% 6-Month CD at a Arizona Bank (Towne Bank)
• 5.55% 8-Month CD at a California CU (San Francisco)
• 5.55% 5-Month CD at a Washington State CU - up to 6.16% possible (Columbia)
• 5.55% 5-Month CD at a California CU (Pacific Transportation)
• 5.55% 10-Month CD at a Utah Bank (Prime Alliance)
• 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)
• 5.50% 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)
• 5.45% 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
• TIAA-CREF Money Market Fund - 5.09% 7-day yeild
• GE Interest Plus - 5.05% rate for $50k+
• Paypal Money Market Fund - 5.05% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 5.04% 7-day yield ($100 bonus and other info)
• Vanguard Prime Money Market Fund - 4.98% 7-day yield
• 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)