Bank Deals Weekly Summary for November 3, 2007

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

The Fed did what most had expected this week and cut the funds rate by 25 basis points to 4.50%, and as expected, savings accounts and CD rates are falling fast. Countrywide's rates finally fell this week. The savingslink yield decreased to 5.35% APY for balances of $10K to $100K and 5.40% APY for balances over $100K. The yield had been 5.50% APY. Countrywide's CD yields also dropped. The yield on the one year term dropped from 5.65% to 5.20% APY. The highest CD yield is now 5.40% APY for the 6-month term.

These Countrywide rates are still high so the rate drops weren't too bad. A much more disappointing rate drop was at GMAC Bank which lowered the yield on its Money Market Savings account from 4.75% to 4.50% APY. Another disappointment was the 50 basis-point drop in EverBank's 3-month checking and money market promotion. It's now 5.51% APY for 3-months. EverBank's ongoing money market yield also went down by 50 basis points to 4.51% APY. I think we should expect most banks to lower their savings account yields to be around the Fed funds rate. During the year in which the Fed funds rate held at 5.25%, the best non-promo savings account rates at most online banks never went too much past 5.25% APY. So I'm afraid we'll likely see more rate cuts in the coming weeks.

Many of the banks and credit unions with the top CD rates lowered their rates this week. In addition to Countrywide, this included H&R Block Bank, Western FCU and Melrose Credit Union. The top 12 and 18 month yield on my list now is 5.25% APY from Flagstar. The top yield for terms of 24 to 60 months is from the Credit Union of Georgia with CD yields from 5.27% to 5.43% APY for balances of $50K. Anyone can join this credit union via an association membership.

For banks, E-LOAN has the best 5-year rate of 5.25% APY with a $10K minimum. For those who like an easy CD opening process and funding with an ACH transfer, this is a good option. Note, E-LOAN often changes rates on Tuesday afternoon, so I wouldn't wait past Monday. KeyDirect still has 5.50% APY for its 7-year CD. Note, you have to live in certain states to qualify for KeyDirect's online bank accounts.

For short term CDs, Indymac Bank still is on top with its 5.65% APY 4-month special internet CD and its 5.50% APY 9-month CD. Note, Indymac often changes rates on Monday, so if you're looking to lock on to these rates, you should open the Indymac CD account online before the end of this weekend.

There were a few pleasant surprises this week. Ascencia Bank increased its 12-month CD yield to 5.19% APY. NASA FCU came out with a CD promotion for November with a yield of 5.25% APY for a 10-month term (see post). Also, I included Academy Bank in my national list with some competitive CD rates. These include a 5.35% APY 9-month CD and a 5.30% APY 15-month CD. In the past Academy Bank CDs could only be opened by those in Colorado, but according to info I received from the bank, it's available to people in any state (see post).

For local deals, there are still a few 6% CDs out there. There's a 6% 4-month CD special with a potential yield of 7% for those in South Carolina (see post). The best deal is a new-branch promotion in New York City at LibertyPointe Bank. For tomorrow only, the bank will be offering a special 6% 12-month CD at its new Brooklyn branch (see post).

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

Banking News

• Fed Cuts Funds Rate by 25 Basis Points - Review of Best Savings Accounts and Reward Checking Accounts in Falling Rate Environment
• Follow-Up on NetBank's Closure

Savings Accounts - National

• More Falling Rates: GMAC, Countrywide, Presidential, Bank of America
• Falling Savings Account Rates: ING Direct, EverBank, Zions Bank
• 5.00% Money Market Account Guaranteed to 6/30/08 at a TX/CA Credit Union with Easy Membership (Premier America)

CD Deals - National

• 5.35% 9-Month and 5.30% 15-Month CD at Academy Bank
• 5.25% 10-Month / 5.15% 5-Month CD at NASA FCU (Open to All)

Checking Account Bonuses

• $250 Checking Account Bonus at American Bank of New Jersey (Local)
• $100 Checking Account Bonus with no DD Requirements at LaSalle Bank
• $125 Chase Checking Account Bonus

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Colorado CU (Air Academy)
• 6.01% Reward Checking Account at a Virginia Bank (The Page Valley Bank)

CD and Money Market Deals - Local

• 5.50% 13-Month CD at an Illinois Bank (Second Federal Savings)
• 5.60% 60-Month CD at a DC Credit Union (Library of Congress)
• 5.25% 13-Month CD at a New York CU - and $100 Checking Bonus (Mid-Hudson Valley)
• 5.35% 15-Month CD at a Minnesota CU - plus $50 Savings Account Bonus (Endura Financial)
• 5.50% 12-Month CD at an Illinois Bank (Poplar Creek Community)
• 5.40% 4-Month CD at a California CU - yield up to 5.75% (OCTFCU)
• 5.50% 5-Month CD at a New York CU - yield up to 5.85% (Hudson Valley)
• 5.35% 6-Month CD at a CA Bank - with liquid feature (Fremont Investment and Loan)
• 5.56% 48-Month CD at an Alabama CU (Shoreline)
• 6.00% 12-Month CD at a New York Bank (LibertyPointe)
• 6.00% 4-Month CD at a South Carolina CU - with an extra 1% possible (Georgetown Kraft)
• 5.99% 3-Month CD at a Kansas CU (TECU)
• 5.50% 18-Month CD at a Missouri Bank (B & L)
• 5.50% 6-Month CD at a Nebraska CU (Columbus United)
• 5.50% 7-Month CD at a California CU - and $100 Checking Account Bonus (CommonWealth Central)
• 5.50% 13-Month CD at a Texas Bank - $100K Min (First National Bank)
• 5.50% 13-Month / 5.50% 7-Month CD at a Missouri Bank (Champion)

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 27th, Oct 20th, Oct 13th, Oct 6th, Sep 29th, Sep 22nd, Sep 15th, Sep 8th and Sep 1st.

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 November 3, 2007

Checking/Savings/Money Market Accounts:

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

• EverBank - 5.51% ($1.5K min), 3mo promo, my post
• UmbrellaBank - 5.50% (min $100), 3mo promo, my post
• AmTrustDirect - 5.36% 3mo promo, (e-Savings) my post
• Countrywide - 5.35% (min $10K), my post
• UFB Direct - 5.31%, my post
• BankUnited - 5.31% (min $5K), my post
• OneUnited - 5.30% (min $1K), my post
• KeyDirect - 5.25% MMA (min $50), Not all states, my post
• Indymac Bank - 5.25% MMA (min $25K), my post
• Zions Bank - 5.19% MMA, outside of Utah, (min $1K) (5.40% $50K+), my post
• iGobanking - 5.17%, my post
• Corus Bank - 5.12% MMA (min $10K to open)
• Flagstar - 5.10% MMA, my post
• Savings Square - 5.10%, my post
• WTDirect - 5.06% ($10K min), my post
• M&T Bank - 5.05%, my post
• BancoFortuna.com - 5.05%, my post
• FNBO Direct - 5.05%, my post
• Heartland Bank Direct - 5.05%, ($500 min), my post ($50 bonus)
• FirstFedDirect - 5.05% (min $1K) (closed to CA residents), my post
• Citibank - 5.00%, requires checking account and bill pay usage, 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
• CapitalOne/Costco - 5.00% MMA (min $5K, Costco members only, $50 deal for exec. members)
• grand yield direct - 5.00% (min $2.5K) my post
• AmTrustDirect - 4.93% (e-Money Market) my post
• AmboyDirect - 4.80% (4.85% for $20K+), my post ($25 bonus)
• Discover Bank - 4.79% MMA (min $10K)(5.10% for $50K+)
• Bank of America AAA/NEA - 4.77% MMA ($10K min) (5.03% for $50K+) my post
• EmigrantDirect - 4.75%, my post
• E-LOAN - 4.75% ($5K min), my post
• Capital One - 4.75% MMA, my post
• ETrade Bank - 4.70%, my post ($25 bonus)
• 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)
• Presidential Bank - 4.60% (min $5K, only first $35K receives this rate), offers 3.75% checking, my post
• UnivestDirect - 4.55%, (3.55% checking), my post
• EverBank - 4.51% ($1.5K min) my post
• HSBC Direct - 4.50%, my post
• MyBankingDirect - 4.50% MMA (min $5K), my post
• GMAC Bank - 4.50% MMA (min $500), my post
• Bank of America DoW - 4.29% MMA (min $10K) (4.71% for $50K+), my post
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, my post
• ING Direct - 4.20%, (4% checking), my post ($25 bonus)
• 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
• Charles Schwab - 4.00% Checking, my post
• Tennessee Commerce Bank - 4.00% (min $10K), my post
• Self-Help Credit Union - 3.78% MMA (min $500), my post
• NewBank - 3.50% Checking, my post ($50 bonus)
• ebank - 2.50% 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
• Imperial Capital - 5.20%, ($2K min), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Corus Bank - 5.12% (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
• UFB Direct - 5.00% (min $8K)
• Element Financial - 4.95% (min $10K), my post
• EverBank - 4.85% ($1.5K min)
• National Bank of KC - 4.75% (min $10K), my post
• ETrade Bank - 4.70% (min $1K), my post
• GMAC Bank - 4.70% (min $500), my post
• Self-Help Credit Union - 4.28% (min $500), my post

6-Month Certificates of Deposit:

• Countrywide - 5.40% (min $10K), my post
• Flagstar - 5.36% (min $500), my post
• Northrop Grumman FCU - 5.28% (min $40K), my post
• UmbrellaBank.com - 5.20% (min $1K)
• Corus Bank - 5.16% (min $10K)
• NASA FCU - 5.15% (5 months) (min $5K) my post
• VirtualBank - 5.13% (min $10K), my post
• Imperial Capital - 5.10%, ($2K min), my post
• CU of Georgia - 5.07% (min $50K), my post
• IndyMac Bank - 5.05% (min $5K), my post
• E-LOAN - 5.05% ($10K min), my post
• FirstFedDirect - 5.05% (min $10K), my post
• Bank of Internet - 5.01% (min $1K) 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
• EverBank - 5.00% ($1.5K min)
• Element Financial - 5.00% (min $10K), my post
• Washington Mutual - 5.00% (min $1K), my post
• Capital One - 5.00% (min $5K)
• Western FCU - 4.96% (min $40K), my post
• ETrade Bank - 4.95% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• Tennessee Commerce Bank - 4.90% (min $5K)
• La Jolla Bank - 4.90% (min $10K), my post
• UFB Direct - 4.85% (min $8K)
• KeyDirect - 4.80% (min $5K), Not all states, my post
• ING Direct - 4.80%, my post
• AmTrustDirect - 4.75% (min $1K) my post
• Intervest - 4.75% (min $2.5K), my post
• National Bank of KC - 4.75% (min $10K), my post
• GMAC Bank - 4.60% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)
• Self-Help Credit Union - 4.49% (min $500), my post
• Wells Fargo - 4.35% (5 months) (min $5K), rate and min vary by state, my post

9-Month Certificates of Deposit:

• Patelco CU - 5.50% ($1K min), not NCUA insured, my post
• IndyMac Bank - 5.50% (min $5K), my post
• Academy Bank - 5.35% (min $500), my post
• Countrywide - 5.30% (min $10K), my post
• NASA FCU - 5.25% (10 months) (min $5K) my post
• VirtualBank - 5.13% (min $10K), my post
• UmbrellaBank.com - 5.05% (min $1K)
• Imperial Capital - 5.05% ($2K min), my post
• FirstFedDirect - 5.05% (min $10K), my post
• Bank of Internet - 5.01% (min $1K) my post
• EverBank - 5.00% ($1.5K min)
• iGobanking - 5.00% (8 months) (min $500), my post
• AmboyDirect - 5.00% (min $10K), my post
• Element Financial - 5.00% (min $10K), my post
• ING Direct - 4.80% (new money), my post
• National Bank of KC - 4.75% (min $10K), my post
• AmTrustDirect - 4.60% (min $1K) my post
• GMAC Bank - 4.55% (min $500), my post
• EmigrantDirect - 4.55% (min $1K)

12-Month Certificates of Deposit:

• Flagstar - 5.25% (min $500), my post
• Northrop Grumman FCU - 5.24% (min $40K), my post
• CU of Georgia - 5.23% (min $50K), my post
• Melrose CU - 5.20% (min $5K) my post
• Countrywide - 5.20% (min $10K), my post
• Ascencia Bank - 5.19% (min $500), my post
• UmbrellaBank.com - 5.17% (min $1K)
• Corus Bank - 5.16% (min $10K)
• FirstFedDirect - 5.15%, (min $10K) my post
• ETrade Bank - 5.10% (min $1K), my post
• Air Force FCU - 5.10% (min $25K) restrictions to membership, my post
• E-LOAN - 5.05% ($10K min), my post
• IndyMac Bank - 5.05% (min $5K), my post
• Element Financial - 5.05% (min $10K), my post
• Academy Bank - 5.05% (min $500), 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
• Bank of Internet - 5.01% (min $1K) my post
• Transportation Alliance Bank - 5.00% ($1K min)
• EverBank - 5.00% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Mutual Bank - 5.00% (min $2.5K) my post
• Delta Community CU - 5.00% (min $1K) my post
• NewBank - 5.00% (min $5K), my post
• La Jolla Bank - 5.00% (min $10K), my post
• First State Bank - 5.00% ($1K min), my post
• H&R Block Bank - 5.00% (min $250) my post
• Capital One - 5.00% (min $5K)
• GTE FCU - 4.96% (min $500) my post
• Tennessee Commerce Bank - 4.95% (min $5K)
• Discover Bank - 4.91% (min $2.5K)
• Western FCU - 4.91% (min $40K), my post
• Intervest - 4.87% (min $2.5K), my post
• VirtualBank - 4.86% (min $10K), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• ING Direct - 4.80% (new money), my post
• National Bank of KC - 4.75% (min $10K), my post
• Washington Mutual - 4.70% (min $1K), my post
• MetLife Bank - 4.65% (min $25K)
• GMAC Bank - 4.60% (min $500), my post
• Self-Help Credit Union - 4.60% (min $500), my post
• AmTrustDirect - 4.60% (min $1K) my post
• UFB Direct - 4.60% (min $8K)
• KeyDirect - 4.55% (min $5K), Not all states, my post
• EmigrantDirect - 4.55% (min $1K)

18-Month Certificates of Deposit:

• Flagstar - 5.25% (min $500), my post
• Academy Bank - 5.15% (min $500) (5.30% 15-mo), my post
• Bank of Internet - 5.01% (min $1K) my post
• Countrywide - 5.00% (min $10K)
• iGobanking - 5.00% (min $500), my post
• EverBank - 5.00% ($1.5K min)
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Element Financial - 5.00% (min $10K), my post
• NewBank - 5.00% (min $5K), my post
• First State Bank - 5.00% ($1K min), my post
• H&R Block Bank - 5.00% (min $250) my post
• Capital One - 5.00% (min $5K)
• Tennessee Commerce Bank - 4.95% (min $5K)
• 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)
• IndyMac Bank - 4.75% (min $5K), my post
• ING Direct - 4.75%, my post
• National Bank of KC - 4.75% (min $10K), my post
• ETrade Bank - 4.70% (min $1K), my post
• MetLife Bank - 4.65% (min $25K)
• EmigrantDirect - 4.55% (min $1K)
• GMAC Bank - 4.50% (min $500)
• AmTrustDirect - 4.50% (min $1K) my post

24-Month Certificates of Deposit:

• CU of Georgia - 5.27% (min $50K), my post
• Flagstar - 5.20% (min $500), my post
• Mutual Bank - 5.20% (min $5K) my post
• Air Force FCU - 5.20% (min $25K) restrictions to membership, my post
• VirtualBank - 5.13% (min $10K), my post
• Northrop Grumman FCU - 5.10% (min $40K), my post
• Melrose CU - 5.09% (min $5K) my post
• E-LOAN - 5.05% ($10K min), my post
• Navy FCU - 5.05% ($20K min) restrictions to membership, my post
• Bank of Internet - 5.01% (min $1K) my post
• NewBank - 5.00% (min $5K), my post
• Countrywide - 5.00% (min $10K)
• Transportation Alliance Bank - 5.00% ($1K min)
• Delta Community CU - 5.00% (min $1K) my post
• H&R Block Bank - 5.00% (min $250) my post
• Capital One - 5.00% (min $5K)
• Intervest - 4.93% (min $2.5K), my post
• Discover Bank - 4.91% (min $2.5K)
• Element Financial - 4.90% (min $10K), my post
• Tennessee Commerce Bank - 4.90% (min $5K)
• EverBank - 4.85% ($1.5K min)
• Western FCU - 4.85% (min $40K), my post
• Lehman Brothers Bank - 4.76% (min $1K)
• IndyMac Bank - 4.75% (min $5K), my post
• MetLife Bank - 4.75% (min $25K)
• National Bank of KC - 4.75% (min $10K), my post
• GMAC Bank - 4.60% (min $500)
• KeyDirect - 4.60% (min $5K),Not all states, my post
• Ascencia Bank - 4.58% (min $500), my post
• AmTrustDirect - 4.50% (min $1K) my post
• UFB Direct - 4.45% (min $8K)
• Presidential Bank - 4.35% (min $1K)
• Self-Help Credit Union - 4.28% (min $500), my post

36-Month Certificate of Deposit:

• CU of Georgia - 5.33% (min $50K), my post
• Mutual Bank - 5.30% (min $5K) my post
• Air Force FCU - 5.30% (min $25K) restrictions to membership, my post
• Flagstar - 5.20% (min $500), my post
• Delta Community CU - 5.15% (min $1K) my post
• VirtualBank - 5.13% (min $10K), my post
• E-LOAN - 5.10% ($10K min), my post
• Navy FCU - 5.10% ($20K min) restrictions to membership, my post
• Melrose CU - 5.09% (min $5K) my post
• Tennessee Commerce Bank - 5.05% (min $5K)
• Bank of Internet - 5.01% (min $1K) my post
• NewBank - 5.00% (min $5K), my post
• Countrywide - 5.00% (min $10K)
• Intervest - 5.00% (min $2.5K), my post
• Transportation Alliance Bank - 5.00% ($1K min)
• H&R Block Bank - 5.00% (min $250) my post
• Capital One - 5.00% (min $5K)
• Element Financial - 4.95% (min $10K), my post
• Northrop Grumman FCU - 4.93% (min $40K), my post
• Discover Bank - 4.91% (min $2.5K)
• First State Bank - 4.90% ($1K min), my post
• Agriculture FCU - 4.80% (min $1K), my post
• Western FCU - 4.80% (min $40K), 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
• MetLife Bank - 4.75% (min $25K)
• National Bank of KC - 4.75% (min $10K), my post
• Pentagon Federal CU - 4.75% (min $1K), my post
• ETrade Bank - 4.70% (min $1K), my post
• GMAC Bank - 4.65% (min $500)
• EverBank - 4.65% ($1.5K min)
• EmigrantDirect - 4.55% (min $1K)
• AmTrustDirect - 4.50% (min $1K) my post
• UFB Direct - 4.50% (min $8K)
• Self-Help Credit Union - 4.34% (min $500), my post

48-Month Certificate of Deposit:

• CU of Georgia - 5.38% (min $50K), my post
• E-LOAN - 5.20% ($10K min), my post
• Flagstar - 5.20% (min $500), my post
• Navy FCU - 5.15% ($20K min) restrictions to membership, my post
• Northrop Grumman FCU - 5.15% (min $40K), my post
• VirtualBank - 5.13% (min $10K), my post
• Melrose CU - 5.09% (min $5K) my post
• Element Financial - 5.07% (min $10K), my post
• Western FCU - 5.06% (min $40K), my post
• Tennessee Commerce Bank - 5.05% (min $5K)
• Intervest - 5.05% (min $2.5K), my post
• Bank of Internet - 5.01% (min $1K) my post
• Countrywide - 5.00% (min $10K)
• Transportation Alliance Bank - 5.00% ($1K min)
• KeyDirect - 5.00% (min $5K),Not all states, my post
• H&R Block Bank - 5.00% (min $250) my post
• Capital One - 5.00% (min $5K)
• USA FCU - 4.96% (min $1K) my post
• Discover Bank - 4.96% (min $2.5K)
• Agriculture FCU - 4.90% (min $1K), my post
• First State Bank - 4.90% ($1K min), my post
• Lehman Brothers Bank - 4.81% (min $1K)
• GMAC Bank - 4.75% (min $500)
• 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)
• National Bank of KC - 4.75% (min $10K), my post
• Pentagon Federal CU - 4.75% (min $1K), my post
• EverBank - 4.65% ($1.5K min)
• EmigrantDirect - 4.55% (min $1K)
• Washington Mutual - 4.50% (min $1K), my post
• Self-Help Credit Union - 4.45% (min $500), my post

60-Month Certificate of Deposit:

• CU of Georgia - 5.43% (min $50K), my post
• Air Force FCU - 5.30% (min $25K) restrictions to membership, my post
• Northrop Grumman FCU - 5.26% (min $40K), my post
• E-LOAN - 5.25% ($10K min), my post
• Delta Community CU - 5.25% (min $1K) my post
• Melrose CU - 5.25% (min $5K) my post
• H&R Block Bank - 5.25% (min $250) my post
• KeyDirect - 5.20% (min $5K), Not all states, my post
• Navy FCU - 5.20% ($20K min) restrictions to membership, my post
• Flagstar - 5.20% (min $500), my post
• Western FCU - 5.17% (min $40K) 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
• Tennessee Commerce Bank - 5.05% (min $5K)
• Discover Bank - 5.02% (min $2.5K)
• Bank of Internet - 5.01% (min $1K) my post
• Countrywide - 5.00% (min $10K)
• Transportation Alliance Bank - 5.00% ($1K min)
• EverBank - 5.00% ($1.5K min)
• Agriculture FCU - 5.00% (min $1K), my post
• Capital One - 5.00% (min $5K)
• ING Direct - 5.00%, my post
• Pentagon Federal CU - 4.95% (min $1K), my post
• Lehman Brothers Bank - 4.92% (min $1K)
• GMAC Bank - 4.90% (min $500)
• First State Bank - 4.90% ($1K min), my post
• ETrade Bank - 4.80% (min $1K), my post
• 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)
• National Bank of KC - 4.75% (min $10K), my post
• UFB Direct - 4.65% (min $8K)
• EmigrantDirect - 4.55% (min $1K)
• Self-Help Credit Union - 4.55% (min $500), my post
• AmTrustDirect - 4.50% (min $1K) my post
• Washington Mutual - 4.50% (min $1K), my post
• Presidential Bank - 4.40% (min $1K)

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
• Countrywide - 5.00% (min $10K)
• Capital One - 5.00% (min $5K)
• Pentagon Federal CU - 4.95% (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
• 5.60% Reward Checking Account at First National Bank
• 5.51% EverBank 3-month intro rate on checking account and money market

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

• 6.00% 72-Month CD at a Texas Bank (Commercial Bank of Texas)
• 5.65% 60-Month CD at a Utah CU (Cyprus)
• 5.60% 60-Month CD at a DC Credit Union (Library of Congress)
• 5.60% 60-Month CD at a NY/NJ Credit Union (Polish & Slavic)
• 5.60% 60-Month CD at a Texas CU (West Texas)
• 5.50% 60-Month CD at a Chicago Bank (Washington Federal)
• 5.50% 60-Month CD at a Pennsylvania CU (Lebanon)

Terms of 24 Months to Under 60 Months

• 5.56% 48-Month CD at a Alabama CU (Shoreline)
• 5.50% 24-Month CD at a Utah CU (Freedom)
• 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)
• 5.39% 24-Month CD at a DC Credit Union Continues (Signal Financial)

Terms of 12 Months to Under 24 Months

• 6.00% 12-Month CD at a New York Bank (LibertyPointe)
• 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)
• 5.50% 12-Month CD at a Illinois Bank (Poplar Creek Community)
• 5.50% 13-Month CD at a Illinois Bank (Second Federal Savings)
• 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% 13-Month CD at a Missouri Bank (Champion)
• 5.50% 13-Month CD at a Texas Bank - $100K Min (First National Bank)
• 5.50% 18-Month CD at a Missouri Bank (B & L)
• 5.45% 12-Month CD at a Las Vegas Bank (Fifth Street)
• 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)
• 5.35% 15-Month CD at a Minnesota CU - plus $50 Savings Account Bonus (Endura Financial)
• 5.35% 12-Month CD at a Utah CU (Freedom)
• 5.28% 12-Month CD at a DC Credit Union Continues (Signal Financial)
• 5.25% 13-Month CD at a New York CU - and $100 Checking Bonus (Mid-Hudson Valley)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado CU - $2K Max (Elevations)
• 7.00% 7-Month CD at a Multi-State CU - $7K Max (Chartway)
• 6.00% 6-Month CD at a Illinois CU (Healthcare Associates)
• 6.00% 4-Month CD at a South Carolina CU - with an extra 1% possible (Georgetown Kraft)
• 6.00% 5-Month CD at a Connecticut CU - $16K Max/Variable (CorePlus)
• 5.99% 3-Month CD at a Kansas CU (TECU)
• 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)
• 5.65% 7-Month CD at a Kentucky CU (Fort Knox)
• 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)
• 5.50% 5-Month CD at a New York CU - yield up to 5.85% (Hudson Valley)
• 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% 7-Month CD at a Missouri Bank (Champion)
• 5.50% 7-Month CD at a California CU - and $100 Checking Account Bonus (CommonWealth Central)
• 5.50% 6-Month CD at a Nebraska CU (Columbus United)
• 5.45% 7-Month CD at a New Mexico CU (State Employees)
• 5.40% 4-Month CD at a California CU - yield up to 5.75% (OCTFCU)
• 5.40% 9-Month CD at a Florida Bank (First Florida)
• 5.40% 7-Month CD at a Florida Bank (First Florida)
• 5.35% 6-Month CD at a CA Bank - with liquid feature (Fremont Investment and Loan)
• 5.35% 7-Month CD at a Florida CU Continues (Space Coast)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 5.05% rate for $50k+
• TIAA-CREF Money Market Fund - 4.94% 7-day yeild
• Fidelity Money Market Fund - 4.91% 7-day yield ($100 bonus and other info)
• Vanguard Prime Money Market Fund - 4.90% 7-day yield
• Paypal Money Market Fund - 4.88% 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)