Bank Deals Weekly Summary for October 27, 2007

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

The Fed meets again next week to decide on interest rates, and the consensus is that they will cut the fed funds rate by 25 basis points (see CNN article). If that happens, we'll likely see a continuation of falling yields on savings accounts and CDs.

The latest savings account rate cuts occurred this week at DiscoverBank ($10K tier dropped from 5% to 4.91% APY) and at UnivestDirect (savings yield dropped from 4.75% to 4.55% APY). Bank of America's special affinity money market accounts also had rate cuts. The top yield on BofA's Defenders of Wildlife Money Market Savings Account is now only 4.71% APY which is 100 basis points lower than it was when I first posted on it in early September. This account turned out to be a letdown.

Like savings account rates, CD rates fell at several banks this week. Large cuts across most terms occurred at GMAC Bank and AmTrustDirect. For short term CDs, the two banks with the highest yields continue to be Countrywide and Indymac. On Monday, Indymac Bank came out with a 5.50% APY 9-month CD. Countrywide released its Q3 earnings yesterday with a reported $1.2 billion loss, but claims it'll be profitable in Q4. Ever since the credit problems made headlines, Countrywide Bank has been offering these high rate CDs. This week, Countrywide bumped the yield on its 6-month CD to 5.65% APY which matches the 12-month yield. However, the yield on all of its long term CDs was reduced from 5.25% to 5.00% APY.

Another bank connected with a large mortgage arm is H&R Block Bank. It continues to offer 5.50% APY on its 2 to 5 year CDs. Like Countrywide, H&R Block is being affected by the credit crunch. This week H&R Block reported that it tapped $175 million from its credit facilities due to difficulty selling short-term corporate bonds (see CNN Money article).

For those who prefer to stay away from banks that may be vulnerable to the sub-prime problems, I posted on a new internet bank started by Stockmans Bank called NewBank. It's ironic that a new internet bank is introduced with a name that's only one letter off from the failed NetBank but is in fact part of a financially solid bank with the highest ratings at both Bankrate and BauerFinancial (see post). NewBank isn't offering the best CD rates, but they're competitive with a yield of 5.25% APY for a 12 and 18 month term. Also, NewBank is offering a $50 bonus for opening its checking account.

Several credit unions continue to offer high CD rates. Western FCU did slightly drop the rate on its 5-year CD, but it remains very competitive at 5.64% APY for a minimum deposit of $40K (5.54% APY for a minimum of $2.5K). The credit unions I post in the top lists below are those with easy membership that anyone in the US should be able to join.

There were a few new CD deals at small banks this week. I found a 6% APY 72-month CD at Commercial Bank of Texas. With an online application, this CD appeared that it might be available to anyone in the US. Demand must have been high. The bank updated its website with a Texas-only restriction. This seems fairly common with small banks. Consequently, I'm careful about labeling a deal nationally available. Even if the bank doesn't initially state it's local deal, they often change their policies when the demand grows too heavy.

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 rate that is no longer available, please leave a comment.

Recap for the Week

Savings Accounts - National

• Review of EverBank's 6.01% Checking and Money Market Account Promotions
• UFB Direct's No-Min Absolute Savings Account Still Holding at 5.31%
• M&T Bank's 5.05% Online Savings Account

CD Deals - National

• Countrywide CD Rate Update - New 5.65% 6-Month CD
• 5.40% 12-Month CD at a California CU - Open To All (Kinecta)
• Indymac Bank CD Rate Update - 5.65% 4-Month, 5.50% 9-Month CD

Checking Account Bonuses - National

• $50 Wachovia Free Checking Account Bonus
• New Internet Bank - NewBank - $50 Checking Account Bonus - 5.25% 18-Month CD

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Massachusetts CU - Easy Membership (M/A-COM)

CD and Money Market Deals - Local

• 5.77% 7-Month CD at an Indiana CU (One Vision).
• 5.50% 12-Month CD at a Texas Bank (T Bank)
• 5.50% 11-Month CD at a Massachusetts CU (Hanscom)
• 5.53% 12-Month CD at a Chicago Bank (Beverly Bank & Trust)
• 5.64% 7-Month CD at a Colorado CU (Premier Members)
• 6.00% 6-Month Money Market Promotion at American Bank of New Jersey
• 5.58% 6-Month CD at a Colorado/Kansas Bank (Colorado East Bank & Trust)
• 6.00% 5-Month CD at an Illinois CU - $10K Max (Illinois Community)
• 5.50% 7-Month CD at a Mississippi Bank (Citizens National)
• 5.50% 4-Month CD at a New Jersey CU (United Teletech Financial)
• 6.00% 72-Month CD at a Texas Bank (Commercial Bank of Texas)
• 5.75% 8-Month CD at a Wisconsin CU (First Service)
• 5.50% 15-Month CD at a Kentucky CU (Commonwealth)
• 5.43% 15-Month CD at a Carolina CU (Carolina Telco)
• 5.25% Savings Account with a 4/15/08 Guarantee at a California Bank (Vineyard)
• 5.50% 33-Month CD at a Vermont CU (Vermont State Employees)
• 5.42% 16-Month CD / 5.37% 11-Month CD at a Maryland CU (MCT)

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 20th, Oct 13th, Oct 6th, Sep 29th, Sep 22nd, Sep 15th, Sep 8th, Sep 1st and Aug 25th.

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 27, 2007

Checking/Savings/Money Market Accounts:

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

• EverBank - 6.01% ($1.5K min), 3mo promo, my post
• UmbrellaBank - 5.50% (min $100), 3mo promo, my post
• Countrywide - 5.50% (min $10K), my post
• AmTrustDirect - 5.36% 3mo promo, (e-Savings) my post
• BankUnited - 5.31% (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) (5.51% $50K+), my post
• Indymac Bank - 5.25% MMA (min $25K), my post
• KeyDirect - 5.25% MMA (min $50), Not all states, my post
• 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
• 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
• BancoFortuna.com - 5.05%, my post
• M&T Bank - 5.05%, my post
• EverBank - 5.01% ($1.5K min) my post
• CapitalOne/Costco - 5.00% MMA (min $5K, Costco members only, $50 deal for exec. members)
• 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
• Citibank - 5.00%, requires checking account and bill pay usage, my post
• AmTrustDirect - 4.93% (e-Money Market) my post
• Discover Bank - 4.91% MMA (min $10K)(5.10% for $50K+)
• Presidential Bank - 4.90% (min $5K, only first $35K receives this rate), offers 4.00% checking, my post
• AmboyDirect - 4.80% (4.85% for $20K+), my post ($25 bonus)
• Bank of America AAA/NEA - 4.77% MMA ($10K min) (5.03% for $50K+) my post
• Capital One - 4.75% MMA, my post
• E-LOAN - 4.75% ($5K min), my post
• EmigrantDirect - 4.75%, my post
• GMAC Bank - 4.75% MMA (min $500), 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
• UnivestDirect - 4.55%, (3.55% checking), my post
• MyBankingDirect - 4.50% MMA (min $5K), my post
• HSBC Direct - 4.50%, my post
• Bank of America DoW - 4.45% MMA (min $10K) (4.71% for $50K+), 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)
• Transportation Alliance Bank - 4.08%, ($25 min), my post
• Melrose CU - 4.06% (min $25) my post
• Tennessee Commerce Bank - 4.06% (min $10K), my post
• Charles Schwab - 4.00% Checking, my post
• NewBank - 3.50% Checking, my post ($50 bonus)
• ebank - 3.50% MMA ($10K min), my post

3-Month Certificates of Deposit:

• IndyMac Bank - 5.65% (4 month) (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
• Element Financial - 4.95% (min $10K), my post
• EverBank - 4.85% ($1.5K min)
• GMAC Bank - 4.80% (min $500), my post
• National Bank of KC - 4.75% (min $10K), my post
• ETrade Bank - 4.70% (min $1K), my post
• Self-Help Credit Union - 4.36% (min $500), my post

6-Month Certificates of Deposit:

• Countrywide - 5.65% (min $10K), my post
• Flagstar - 5.36% (min $500), my post
• Northrop Grumman FCU - 5.34% (min $40K), my post
• Western FCU - 5.22% (min $40K), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Corus Bank - 5.16% (min $10K)
• La Jolla Bank - 5.15% (min $10K), my post
• VirtualBank - 5.13% (min $10K), my post
• Imperial Capital - 5.10%, ($2K min), my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• CU of Georgia - 5.07% (min $50K), my post
• Bank of Internet - 5.06% (min $1K) 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
• Washington Mutual - 5.00% (min $1K), my post
• Element Financial - 5.00% (min $10K), my post
• ING Direct - 5.00%, my post
• EverBank - 5.00% ($1.5K min)
• 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
• ETrade Bank - 4.95% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• KeyDirect - 4.80% (min $5K), Not all states, my post
• National Bank of KC - 4.75% (min $10K), my post
• Intervest - 4.75% (min $2.5K), my post
• AmTrustDirect - 4.75% (min $1K) my post
• GMAC Bank - 4.60% (min $500), my post
• Self-Help Credit Union - 4.57% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• Wells Fargo - 4.50% (5 months) (min $5K), rate and min vary by state, my post

9-Month Certificates of Deposit:

• IndyMac Bank - 5.50% (min $5K), my post
• 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
• NASA FCU - 5.10% (8 months) (min $10K)
• Bank of Internet - 5.06% (min $1K) my post
• FirstFedDirect - 5.05% (min $10K), my post
• Imperial Capital - 5.05% ($2K min), my post
• UmbrellaBank.com - 5.05% (min $1K)
• Element Financial - 5.00% (min $10K), my post
• AmboyDirect - 5.00% (min $10K), my post
• iGobanking - 5.00% (8 months) (min $500), my post
• EverBank - 5.00% ($1.5K min)
• ING Direct - 4.90% (new money), my post
• National Bank of KC - 4.75% (min $10K), my post
• AmTrustDirect - 4.75% (min $1K) my post
• EmigrantDirect - 4.55% (min $1K)
• GMAC Bank - 4.50% (min $500), my post

12-Month Certificates of Deposit:

• Countrywide - 5.65% (min $10K), my post
• Melrose CU - 5.35% (min $5K) my post
• Western FCU - 5.32% (min $40K), my post
• Northrop Grumman FCU - 5.32% (min $40K), my post
• H&R Block Bank - 5.25% (min $250) 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
• NewBank - 5.25% (min $5K), my post
• CU of Georgia - 5.23% (min $50K), my post
• Delta Community CU - 5.20% (min $1K) my post
• UmbrellaBank.com - 5.17% (min $1K)
• Corus Bank - 5.16% (min $10K)
• FirstFedDirect - 5.15%, (min $10K) my post
• Tennessee Commerce Bank - 5.15% (min $5K)
• Air Force FCU - 5.10% (min $25K) restrictions to membership, my post
• ETrade Bank - 5.10% (min $1K), my post
• Bank of Internet - 5.06% (min $1K) my post
• Element Financial - 5.05% (min $10K), my post
• IndyMac Bank - 5.05% (min $5K), my post
• E-LOAN - 5.05% ($10K min), my post
• Mutual Bank - 5.00% (min $2.5K) my post
• 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
• GTE FCU - 4.96% (min $500) my post
• Discover Bank - 4.91% (min $2.5K)
• ING Direct - 4.90% (new money), my post
• Intervest - 4.87% (min $2.5K), my post
• VirtualBank - 4.86% (min $10K), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• National Bank of KC - 4.75% (min $10K), my post
• UFB Direct - 4.75% (min $8K)
• AmTrustDirect - 4.75% (min $1K) my post
• Washington Mutual - 4.70% (min $1K), my post
• Ascencia Bank - 4.67% (min $500), my post
• MetLife Bank - 4.65% (min $25K)
• Self-Help Credit Union - 4.61% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• KeyDirect - 4.55% (min $5K), Not all states, my post
• GMAC Bank - 4.50% (min $500), my post

18-Month Certificates of Deposit:

• H&R Block Bank - 5.35% (min $250) my post
• First State Bank - 5.25% ($1K min), my post
• Flagstar - 5.25% (min $500), my post
• NewBank - 5.25% (min $5K), my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• Bank of Internet - 5.06% (min $1K) my post
• Element Financial - 5.00% (min $10K), 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
• Countrywide - 5.00% (min $10K)
• Discover Bank - 4.91% (min $2.5K)
• Intervest - 4.90% (min $2.5K), my post
• VirtualBank - 4.86% (min $10K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• National Bank of KC - 4.75% (min $10K), my post
• ING Direct - 4.75%, my post
• IndyMac Bank - 4.75% (min $5K), my post
• ETrade Bank - 4.70% (min $1K), my post
• MetLife Bank - 4.65% (min $25K)
• EmigrantDirect - 4.55% (min $1K)
• AmTrustDirect - 4.50% (min $1K) my post
• GMAC Bank - 4.40% (min $500)

24-Month Certificates of Deposit:

• H&R Block Bank - 5.50% (min $250) my post
• Western FCU - 5.28% (min $40K), my post
• Northrop Grumman FCU - 5.28% (min $40K), my post
• CU of Georgia - 5.27% (min $50K), my post
• Melrose CU - 5.25% (min $5K) my post
• Air Force FCU - 5.20% (min $25K) restrictions to membership, my post
• Mutual Bank - 5.20% (min $5K) my post
• Delta Community CU - 5.20% (min $1K) my post
• Flagstar - 5.20% (min $500), my post
• VirtualBank - 5.13% (min $10K), my post
• Tennessee Commerce Bank - 5.10% (min $5K)
• Bank of Internet - 5.06% (min $1K) my post
• Navy FCU - 5.05% ($20K min) restrictions to membership, my post
• E-LOAN - 5.05% ($10K min), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• Countrywide - 5.00% (min $10K)
• NewBank - 5.00% (min $5K), my post
• Intervest - 4.93% (min $2.5K), my post
• Discover Bank - 4.91% (min $2.5K)
• Element Financial - 4.90% (min $10K), my post
• EverBank - 4.85% ($1.5K min)
• Lehman Brothers Bank - 4.76% (min $1K)
• National Bank of KC - 4.75% (min $10K), my post
• MetLife Bank - 4.75% (min $25K)
• IndyMac Bank - 4.75% (min $5K), my post
• Presidential Bank - 4.60% (min $1K)
• KeyDirect - 4.60% (min $5K),Not all states, my post
• Ascencia Bank - 4.58% (min $500), my post
• UFB Direct - 4.55% (min $8K)
• GMAC Bank - 4.50% (min $500)
• AmTrustDirect - 4.50% (min $1K) my post
• Self-Help Credit Union - 4.33% (min $500), my post

36-Month Certificate of Deposit:

• H&R Block Bank - 5.50% (min $250) my post
• CU of Georgia - 5.33% (min $50K), my post
• Air Force FCU - 5.30% (min $25K) restrictions to membership, 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
• Flagstar - 5.20% (min $500), my post
• Western FCU - 5.18% (min $40K), my post
• Northrop Grumman FCU - 5.18% (min $40K), my post
• VirtualBank - 5.13% (min $10K), my post
• Navy FCU - 5.10% ($20K min) restrictions to membership, my post
• E-LOAN - 5.10% ($10K min), my post
• Bank of Internet - 5.06% (min $1K) my post
• Tennessee Commerce Bank - 5.05% (min $5K)
• 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
• Intervest - 5.00% (min $2.5K), my post
• Countrywide - 5.00% (min $10K)
• NewBank - 5.00% (min $5K), my post
• Element Financial - 4.95% (min $10K), my post
• Discover Bank - 4.91% (min $2.5K)
• Agriculture FCU - 4.80% (min $1K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• National Bank of KC - 4.75% (min $10K), my post
• MetLife Bank - 4.75% (min $25K)
• 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
• EverBank - 4.65% ($1.5K min)
• UFB Direct - 4.60% (min $8K)
• EmigrantDirect - 4.55% (min $1K)
• GMAC Bank - 4.50% (min $500)
• AmTrustDirect - 4.50% (min $1K) my post
• Self-Help Credit Union - 4.37% (min $500), my post

48-Month Certificate of Deposit:

• H&R Block Bank - 5.50% (min $250) my post
• CU of Georgia - 5.38% (min $50K), my post
• Western FCU - 5.27% (min $40K), my post
• Northrop Grumman FCU - 5.27% (min $40K), my post
• Melrose CU - 5.25% (min $5K) my post
• Flagstar - 5.20% (min $500), my post
• E-LOAN - 5.20% ($10K min), my post
• Navy FCU - 5.15% ($20K min) restrictions to membership, my post
• VirtualBank - 5.13% (min $10K), my post
• Element Financial - 5.07% (min $10K), my post
• Bank of Internet - 5.06% (min $1K) my post
• Intervest - 5.05% (min $2.5K), my post
• Tennessee Commerce Bank - 5.05% (min $5K)
• KeyDirect - 5.00% (min $5K),Not all states, 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
• Countrywide - 5.00% (min $10K)
• Discover Bank - 4.96% (min $2.5K)
• USA FCU - 4.96% (min $1K) my post
• Agriculture FCU - 4.90% (min $1K), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• National Bank of KC - 4.75% (min $10K), 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 - 4.65% ($1.5K min)
• GMAC Bank - 4.60% (min $500)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.50% (min $1K), my post
• Self-Help Credit Union - 4.48% (min $500), my post

60-Month Certificate of Deposit:

• Western FCU - 5.64% (min $40K) my post
• H&R Block Bank - 5.50% (min $250) 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 - 5.36% (min $40K), my post
• Air Force FCU - 5.30% (min $25K) restrictions to membership, my post
• E-LOAN - 5.25% ($10K min), my post
• Flagstar - 5.20% (min $500), my post
• Navy FCU - 5.20% ($20K min) restrictions to membership, my post
• KeyDirect - 5.20% (min $5K), Not all states, my post
• VirtualBank - 5.13% (min $10K), my post
• Intervest - 5.10% (min $2.5K), my post
• Element Financial - 5.07% (min $10K), my post
• USA FCU - 5.06% (min $1K) my post
• Bank of Internet - 5.06% (min $1K) my post
• Tennessee Commerce Bank - 5.05% (min $5K)
• Discover Bank - 5.02% (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
• Countrywide - 5.00% (min $10K)
• Lehman Brothers Bank - 4.92% (min $1K)
• ETrade Bank - 4.80% (min $1K), my post
• National Bank of KC - 4.75% (min $10K), 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
• GMAC Bank - 4.75% (min $500)
• Presidential Bank - 4.65% (min $1K)
• Self-Help Credit Union - 4.56% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.50% (min $1K), my post
• AmTrustDirect - 4.50% (min $1K) my post

84-Month Certificate of Deposit:

• KeyDirect - 5.50% (min $5K) (5.90% 10yr, $50K+), Not all states, my post
• Navy FCU - 5.30% ($20K min) restrictions to membership, my post
• Intervest - 5.12% (min $2.5K), 5.15% for 10yr, my post
• Pentagon Federal CU - 5.00% (min $1K), my post
• Countrywide - 5.00% (min $10K)
• 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 and money market
• 5.60% Reward Checking Account at First National Bank

Checking and Saving Accounts at Local Banks/Credit Unions

• Local High Yield Reward Checking Accounts
• 5.50% 3-Month Money Market Promo at Amboy (New Jersey)
• 5.00% No-Minimum Online Savings Account (New York)
• 4.70% Low-Minimum Online Savings Account (California)
• 4.65% Money Market Account (Utah)
• 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
• Minnesota 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)
• 6.00% 72-Month CD at a Texas Bank (Commercial Bank of Texas)
• 5.76% 60-Month CD at a Florida CU (Community First)
• 5.75% 60-Month CD at a Missouri CU (1st Financial)
• 5.65% 60-Month CD at a Utah CU (Cyprus)
• 5.64% 60-Month CD at a Florida CU (CFE)
• 5.61% 60-Month CD at a Colorado CU (Denver Community)
• 5.60% 60-Month CD at a Texas CU (West Texas)
• 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 (Lebanon)
• 5.50% 60-Month CD at a Pennsylvania CU (Patriot)

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% 48-Month CD at a Northern California CU (Lassen County)
• 5.50% 36-Month CD at a Utah CU (Cyprus)
• 5.50% 33-Month CD at a Vermont CU (Vermont State Employees)
• 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)
• 5.64% 15-Month CD at a New York/Florida CU (People's Alliance)
• 5.60% 12-Month CD at a Arizona Bank (Towne Bank)
• 5.60% 15-Month CD at a New Mexico CU (State Employees)
• 5.60% 12-Month CD at a Texas CU (West Texas)
• 5.56% 16-Month CD at a Colorado CU (Space Age)
• 5.55% 18-Month CD at a Colorado Bank (New Frontier)
• 5.53% 12-Month CD at a Chicago Bank (Beverly Bank & Trust)
• 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 Pennsylvania CU Continues (PA HealthCare)
• 5.50% 18-Month CD at a Florida Bank (Prosperity)
• 5.50% 15-Month CD at a Kentucky CU (Commonwealth)
• 5.50% 12-Month CD at a Texas Bank (T Bank)
• 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)
• 5.45% 15-Month CD at a South Carolina Bank (Enterprise)
• 5.43% 15-Month CD at a Carolina CU (Carolina Telco)
• 5.42% 16-Month CD at a Maryland CU (MCT)
• 5.40% 12-Month CD at a California CU - Open To All (Kinecta)
• 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 Illinois CU - $10K Max (Illinois Community)
• 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% 8-Month CD at a Wisconsin CU (First Service)
• 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)
• 5.64% 7-Month CD at a Colorado CU (Premier Members)
• 5.60% 6-Month CD at a Arizona Bank (Towne Bank)
• 5.58% 6-Month CD at a Colorado/Kansas Bank (Colorado East Bank & Trust)
• 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 Illinois Bank (Millennium)
• 5.55% 7-Month CD at a Florida CU (Community First)
• 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 Florida Bank (Prosperity)
• 5.50% 11-Month CD at a Northern California CU (Lassen County)
• 5.50% 3-Month CD at a Michigan CU (Omni Community)
• 5.50% 9-Month CD at a Florida CU (Fairwinds)
• 5.50% 4-Month CD at a New Jersey CU (United Teletech Financial)
• 5.50% 7-Month CD at a Mississippi Bank (Citizens National)
• 5.50% 11-Month CD at a Massachusetts CU (Hanscom)
• 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)
• 5.45% 7-Month CD at a New Mexico CU (State Employees)
• 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)
• 5.40% 9-Month CD at a Florida Bank (First Florida)
• 5.40% 7-Month CD at a Florida Bank (First Florida)
• 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 - 5.05% rate for $50k+
• Fidelity Money Market Fund - 4.96% 7-day yield ($100 bonus and other info)
• TIAA-CREF Money Market Fund - 4.92% 7-day yeild
• Vanguard Prime Money Market Fund - 4.91% 7-day yield
• Paypal Money Market Fund - 4.90% 7-day yield (1% cashback debit MasterCard)
• 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)