Bank Deals Weekly Summary for December 1, 2007

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

E*Trade made news this week for two reasons. On Thursday, E*Trade received a $2.55 billion cash infusion from Citadel Investment Group to help relieve its debt problems. The move should increase its financial stability (Businees Week article). The big news for savers was E*Trade's rate increase on its savings accounts and CDs. In a move similar to what Countrywide Bank did in August, E*Trade Bank raised CD rates by up to 60 basis points on its short term CDs and raised its savings account rate back to where it was before the Fed rate cuts at 5.05% APY (up from 4.70%). According to the acting CEO who was interviewed by the WallStreet Journal, E*Trade's bank and brokerage customers removed some $7 billion of cash from the firm in November. The higher rates should help change this. For more info on E*Trade Bank, please refer to this post.

With all these credit problems in the banking industry, the importance of FDIC insurance becomes apparent. For those with large deposits at several banks, make sure you know who really holds the deposits. I learned this week that Countrywide Bank is holding some of UFB Direct's deposits. UFB Direct is run by Affinity Financial Corporation which is not a bank but an agent which may move customer deposits to and from Huntington Bank, Countrywide Bank and other potential "participating banks." For those with deposits near the FDIC limits at both Countrywide and UFB Direct, you may be over the FDIC limits. However, you can instruct UFB Direct to move your deposits into Huntington (see post).

For credit unions, the equivalent of FDIC is the National Credit Union Administration (NCUA). But unlike banks, additional insurance agencies for credit unions exist which are private with no government guarantees. The biggest is the American Share Insurance (ASI). A few credit unions are not federally insured by the NCUA, but are only insured by ASI. Patelco Credit Union is one of these. Patelco is one of the nation's largest credit union. It also has a history of offering great CD rates and many other very competitive banking products. In addition, it provides for an easy way for anyone in the country to qualify for membership. But it was hard to be too enthusiastic about Patelco without the safety of federal insurance. But that's scheduled to change on January 1, 2008. Patelco officially announced that its deposits will start being insured by the NCUA at that time. Patelco currently is offering a 9-month CD with a yield of 5.50% APY (see post)

Except for a few exceptions like at E*Trade, savings account and CD rates declined this week. Savings and money market rates were reduced this week at KeyDirect, Heartland Bank and IgoBanking. Rumors also came out this week that the nation's best high yield reward checking account at the State Bank of Toledo was going to lower the rate and institute a $70K cap on the high yield early next year (see post). It still offers a yield of 6.01% APY on all balances as long as the typical reward checking requirements are met.

CD rate declines occurred at AmTrustDirect, VirtualBank, Discover Bank, Bank of Internet, UFB Direct and many others. Mutual Bank's high yield special 12, 24, and 36-month CDs ended this week. The only special CD they have now is a 4.75% APY 60-month CD.

In addition to E*Trade, there were some banks which increased their CD rates. These included Corus Bank, Ascencia Bank and Capital One. Capital One had a 5% APY on all terms, but this changed with lower short term rates and little higher rates on longer terms (up to 5.10% APY on 60 months and longer). Countrywide Bank was advertising a 5.50% APY 5-month CD in some states (see post). It also recently raised some of its short term internet CD rates (see below).

There were some good short term CD promotions at the mega banks. Bank of America is offering a 4-month CD with a yield of up to 5.20% APY, but it's a short-lived promotion that's scheduled to end Monday (see post). Wachovia also has some good short term CD deals. For Texas, they include a 5.15% APY 4-month CD and a 5.05% APY 7-month CD. Rates may vary by state.

Recap for the Week

Banking News

• Patelco Credit Union is Scheduled to be Federally Insured Starting January 1st

Savings and Checking Accounts - National

• UFB Direct Deposits FDIC Insured by Huntington and Countrywide
• Update on State Bank of Toledo and Its Nationally Available 6.01% Reward Checking Account
• E*TRADE Savings Account Yield Back Up To 5.05% - Bonus and Account Review

CD Deals - National

• 5.20% 4-Month CD at Bank of America
• 5.50% 5-Month CD at Countrywide Bank
• 5.20% 5-Month CD at Digital Credit Union - Easy Membership
• Countrywide Bank's High Yield 6-Month CDs
• 5.25% Online 7-Month CD at Huntington Bank

Checking Account Bonuses

• $50 Gift Card Bonus for Compass Bank's Build-to-Order Checking Account
• $50 Bonus for ING Direct Orange Savings Account
• $50 Checking Account Bonus at an OK/KS Bank (Fidelity Bank)
• $200 Citibank Checking Account Promotion

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Minnesota Bank (First National Bank of Henning)
• 6.01% Reward Checking Account at a Massachusetts Bank (Dedham Savings)

CD and Money Market Deals - Local

• 7.00% 7-Month CD at a California CU - $5K Max (San Mateo)
• 5.30% 6-Month / 5.30% 12-Month CD at Bank of New Jersey
• 5.50% 6-Month CD at a Texas Bank - Down from 5.75% (First National Bank Southwest)
• 5.30% 7-Month CD at a New Jersey Bank (NJM Bank)
• 5.90% 50-Month / 5.38% 20-Month CD at a New York CU (CFCU Community)
• 5.50% 3-Month / 5.50% 6-Month CD at a Florida Credit Union (Florida Telco)
• 5.54% 30-Month CD at a Michigan CU (Kent County)
• 5.35% 7-Month / 5.20% 27-Month CD at a California CU (Orange County)
• 5.30% 9-Month CD at a Florida Bank (First Commercial)
• 5.50% 3-Month CD at a Texas Bank - and 5.50% Savings Account (Patriot)
• 5.35% 60-Month / 5.20% 18-Month CD at a Washington State CU (BECU)

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 Nov 24th, Nov 17th, Nov 10th, Nov 3rd, Oct 27th, Oct 20th, Oct 13th, Oct 6th and Sep 29th.

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 December 1, 2007

Checking/Savings/Money Market Accounts:

• Checking/Savings Account Bonuses
• The Best Checking Accounts - Including Reward Checking
• Latest CD and Savings Account Deals with No Major Deposit Limitiations

• EverBank - 5.51% ($1.5K min), 3mo promo, account review
• UmbrellaBank - 5.50% (min $100), 3mo promo, account review
• BankUnited - 5.31% (min $5K), account review
• UFB Direct - 5.31%, account review
• OneUnited - 5.30% (min $1K), account review
• Countrywide - 5.30% (min $10K), account review
• AmTrustDirect - 5.26% 3mo promo, (e-Savings) account review
• Corus Bank - 5.12% MMA (min $10K) account review
• Savings Square - 5.10%, account review
• Flagstar - 5.10% MMA, account review
• Zions Bank - 5.08% MMA, outside of Utah, (min $1K) (5.23% $50K+), account review
• ETrade Bank - 5.05%, post ($25 bonus)
• FirstFedDirect - 5.05% (min $1K) (closed to CA residents), account review
• FNBO Direct - 5.05%, account review
• BancoFortuna.com - 5.05%, account review
• ShoreBank - 5.00%, account review
• grand yield direct - 5.00% (min $2.5K) account review
• UmbrellaBank - 5.00% MMA (min $1K), account review
• KeyDirect - 4.95% MMA (min $50), Not all states, account review
• Indymac Bank - 4.90% MMA (min $25K), account review
• WTDirect - 4.90% ($10K min), account review
• iGobanking - 4.90%, account review
• AmTrustDirect - 4.80% (e-Money Market) account review
• AmboyDirect - 4.80% (4.85% for $20K+), post ($25 bonus)
• Heartland Bank Direct - 4.80%, ($500 min), post ($50 bonus)
• E-LOAN - 4.75% ($5K min), account review
• EmigrantDirect - 4.75%, account review
• PFF Bank and Trust - 4.75% (min $1K), account review
• Washington Mutual - 4.75% (requires checking), account review
• M&T Bank - 4.75%, account review
• Salem Five Direct - 4.70% Checking (4.90% $25K+), account review
• Presidential Bank - 4.60% (min $5K, only first $35K receives this rate), offers 3.75% checking, account review
• Mutual Bank - 4.60% MMA (min $5K), account review
• Direct Huntington - 4.60% ($1K min), account review
• CapitalOne/Costco - 4.60% MMA (min $5K, Costco members only, $50 deal for exec. members)
• Bank of America AAA/NEA - 4.54% MMA ($10K min) (4.80% for $50K+) account review
• EverBank - 4.51% ($1.5K min) account review
• GMAC Bank - 4.50% MMA (min $500), account review
• MyBankingDirect - 4.50% MMA (min $5K), account review
• HSBC Direct - 4.50%, account review
• Citibank - 4.50%, requires checking account and bill pay usage, account review
• UnivestDirect - 4.50%, (3.55% checking), account review
• Discover Bank - 4.49% MMA (min $10K)(4.65% for $50K+)
• Bank of America DoW - 4.41% MMA (min $10K) (4.50% for $50K+), account review
• Capital One - 4.40% MMA, account review
• VirtualBank - 4.34% (min $100), (4.60% $50K+/ 4.86% $100K+) offers checking, post ($20 bonus)
• ING Direct - 4.20%, (3.25% checking), post ($25 bonus)
• Imperial Capital - 4.20% MMA ($2.5K min), offers free checking, account review
• MetLife Bank - 4.15% MMA (min $5K), post ($50 bonus)
• Transportation Alliance Bank - 4.08%, ($25 min), account review
• Melrose CU - 4.06% (min $25) account review
• Charles Schwab - 4.00% Checking, account review
• Self-Help Credit Union - 3.78% MMA (min $500), account review
• NewBank - 3.50% Checking, post ($50 bonus)
• Tennessee Commerce Bank - 3.27% (min $10K), account review
• ebank - 2.50% MMA ($10K min), account review

3-Month Certificates of Deposit:

• Countrywide - 5.45% (min $10K), account review
• IndyMac Bank - 5.35% (4 month) (min $5K), account review
• Wachovia - 5.15% (4 mo) (min $5K) my vary by state
• ETrade Bank - 5.10% (min $1K), account review
• FirstFedDirect - 5.01% (min $10K), account review
• UmbrellaBank - 5.01% (min $1K)
• E-LOAN - 5.00% ($10K min), account review
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Imperial Capital - 5.00%, ($2K min), account review
• UFB Direct - 4.95% (min $8K)
• Element Financial - 4.80% (min $10K), account review
• GMAC Bank - 4.80% (min $500), account review
• EverBank - 4.75% ($1.5K min)
• VirtualBank - 4.60% (min $10K), account review
• National Bank of KC - 4.50% (min $10K), account review
• Self-Help Credit Union - 4.24% (min $500), account review

6-Month Certificates of Deposit:

• Countrywide - 5.50% (5 mo) (min $10K), may vary by state, account review
• Countrywide - 5.35% (min $10K), account review
• ETrade Bank - 5.25% (min $1K), account review
• Superior Savings - 5.25% (7 mo) (min $500) account review
• Huntington - 5.25% (7 mo) (min $2K) account review
• Ascencia Bank - 5.21% (min $500), account review
• Corus Bank - 5.16% (min $10K) account review
• UmbrellaBank - 5.13% (min $1K)
• Flagstar - 5.11% (min $500), account review
• KeyDirect - 5.10% (min $5K), Not all states, account review
• CU of Georgia - 5.07% (min $50K), account review
• E-LOAN - 5.06% ($10K min), account review
• FirstFedDirect - 5.05% (min $10K), account review
• IndyMac Bank - 5.05% (min $5K), account review
• Wachovia - 5.05% (7 mo) (min $5K) my vary by state
• Northrop Grumman FCU - 5.01% (min $40K), account review
• Washington Mutual - 5.00% (min $1K), account review
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• NASA FCU - 5.00% (5 mo) (min $1K) account review
• EverBank - 4.95% ($1.5K min)
• Imperial Capital - 4.95%, ($2K min), account review
• La Jolla Bank - 4.90% (min $10K), account review
• Tennessee Commerce Bank - 4.90% (min $5K)
• Bank of Internet - 4.86% (min $1K) account review
• Element Financial - 4.85% (min $10K), account review
• UFB Direct - 4.85% (min $8K)
• Western FCU - 4.78% (min $40K), account review
• Lehman Brothers Bank - 4.76% (min $1K)
• Intervest - 4.75% (min $2.5K), account review
• ING Direct - 4.70%, account review
• GMAC Bank - 4.65% (min $500), account review
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• National Bank of KC - 4.50% (min $10K), account review
• iGobanking - 4.50% (min $500), account review
• AmTrustDirect - 4.50% (min $1K) account review
• Self-Help Credit Union - 4.45% (min $500), account review
• Wells Fargo - 4.35% (5 months) (min $5K), rate and min vary by state, account review
• Capital One - 3.00% (min $5K)

9-Month Certificates of Deposit:

• Patelco CU - 5.50% (min $1K), not NCUA insured, account review
• FNBO Direct - 5.25% (min $500) account review
• Countrywide - 5.15% (min $10K), account review
• Academy Bank - 5.15% (min $500), account review
• NASA FCU - 5.10% (10 months) (min $5K) account review
• FirstFedDirect - 5.05% (min $10K), account review
• AmboyDirect - 5.00% (min $10K), account review
• UmbrellaBank - 5.00% (min $1K)
• EverBank - 4.95% ($1.5K min)
• Bank of Internet - 4.86% (min $1K) account review
• Element Financial - 4.85% (min $10K), account review
• Imperial Capital - 4.80% ($2K min), account review
• IndyMac Bank - 4.75% (min $5K), account review
• ING Direct - 4.70% (new money), account review
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• National Bank of KC - 4.50% (min $10K), account review
• iGobanking - 4.50% (min $500), account review
• GMAC Bank - 4.50% (min $500), account review
• AmTrustDirect - 4.50% (min $1K) account review

12-Month Certificates of Deposit:

• NuVision FCU - 5.35% (13 mo) (min $10K) account review
• Apple Bank - 5.26% (min $500) account review
• Principal Bank - 5.25% (14 mo) (min $5K), account review
• CU of Georgia - 5.23% (min $50K), account review
• Ascencia Bank - 5.21% (min $500), account review
• Corus Bank - 5.16% (min $10K) account review
• ETrade Bank - 5.15% (min $1K), account review
• FirstFedDirect - 5.15%, (min $10K) account review
• Countrywide - 5.10% (min $10K), account review
• Air Force FCU - 5.10% (min $25K) restrictions to membership, account review
• Academy Bank - 5.05% (min $500), account review
• UmbrellaBank - 5.02% (min $1K)
• E-LOAN - 5.01% ($10K min), account review
• H&R Block Bank - 5.00% (min $250) account review
• La Jolla Bank - 5.00% (min $10K), account review
• NewBank - 5.00% (min $5K), account review
• Delta Community CU - 5.00% (min $1K) account review
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Element Financial - 5.00% (min $10K), account review
• Flagstar - 5.00% (min $500), account review
• Tennessee Commerce Bank - 4.95% (min $5K)
• Northrop Grumman FCU - 4.92% (min $40K), account review
• Western FCU - 4.90% (min $40K), account review
• First State Bank - 4.90% ($1K min), account review
• Melrose CU - 4.89% (min $5K) account review
• Intervest - 4.87% (min $2.5K), account review
• Bank of Internet - 4.86% (min $1K) account review
• EverBank - 4.85% ($1.5K min)
• Navy FCU - 4.84% ($20K min) restrictions to membership, account review
• Washington Mutual - 4.80% (min $1K), account review
• FNBO Direct - 4.75% (min $500) account review
• Imperial Capital - 4.75% ($2K min), account review
• Discover Bank - 4.75% (min $2.5K)
• Capital One - 4.75% (min $5K)
• GTE FCU - 4.70% (min $500) account review
• ING Direct - 4.70% (new money), account review
• Transportation Alliance Bank - 4.70% ($1K min)
• Lehman Brothers Bank - 4.65% (min $1K)
• IndyMac Bank - 4.60% (min $5K), account review
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• National Bank of KC - 4.50% (min $10K), account review
• iGobanking - 4.50% (min $500), account review
• GMAC Bank - 4.50% (min $500), account review
• AmTrustDirect - 4.50% (min $1K) account review
• KeyDirect - 4.40% (min $5K), Not all states, account review
• Self-Help Credit Union - 4.33% (min $500), account review
• UFB Direct - 4.30% (min $8K)
• Mutual Bank - 3.90% (min $1K) account review

18-Month Certificates of Deposit:

• Telcom Credit Union - 5.25% (min $2.5K) account review
• Provident CU - 5.01% (16 mo) (min $1K), account review
• H&R Block Bank - 5.00% (min $250) account review
• NewBank - 5.00% (min $5K), account review
• ebank - 5.00% (min $1K), 5.25% for ePremium checking customers
• Academy Bank - 5.00% (min $500) (5.10% 15-mo), account review
• Flagstar - 5.00% (min $500), account review
• Intervest - 4.90% (min $2.5K), account review
• First State Bank - 4.90% ($1K min), account review
• Tennessee Commerce Bank - 4.85% (min $5K)
• EverBank - 4.85% ($1.5K min)
• Discover Bank - 4.81% (min $2.5K)
• Element Financial - 4.80% (min $10K), account review
• Bank of Internet - 4.76% (min $1K) account review
• Countrywide - 4.75% (min $10K)
• Capital One - 4.75% (min $5K)
• ING Direct - 4.65%, account review
• Lehman Brothers Bank - 4.60% (min $1K)
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• FNBO Direct - 4.50% (min $500) account review
• National Bank of KC - 4.50% (min $10K), account review
• AmTrustDirect - 4.50% (min $1K) account review
• iGobanking - 4.50% (min $500), account review
• IndyMac Bank - 4.35% (min $5K), account review
• ETrade Bank - 4.35% (min $1K), account review
• GMAC Bank - 4.25% (min $500)

24-Month Certificates of Deposit:

• CU of Georgia - 5.27% (min $50K), account review
• Apple Bank - 5.26% (min $500) account review
• Air Force FCU - 5.10% (min $25K) restrictions to membership, account review
• H&R Block Bank - 5.00% (min $250) account review
• Delta Community CU - 5.00% (min $1K) account review
• Flagstar - 5.00% (min $500), account review
• Intervest - 4.93% (min $2.5K), account review
• Navy FCU - 4.90% ($20K min) restrictions to membership, account review
• E-LOAN - 4.87% ($10K min), account review
• Tennessee Commerce Bank - 4.85% (min $5K)
• Capital One - 4.85% (min $5K)
• Melrose CU - 4.84% (min $5K) account review
• Discover Bank - 4.81% (min $2.5K)
• Element Financial - 4.80% (min $10K), account review
• Western FCU - 4.79% (min $40K), account review
• Bank of Internet - 4.76% (min $1K) account review
• NewBank - 4.75% (min $5K), account review
• Countrywide - 4.75% (min $10K)
• Transportation Alliance Bank - 4.70% ($1K min)
• ING Direct - 4.65%, account review
• Northrop Grumman FCU - 4.61% (min $40K), account review
• EverBank - 4.60% ($1.5K min)
• Lehman Brothers Bank - 4.60% (min $1K)
• VirtualBank - 4.60% (min $10K), account review
• Ascencia Bank - 4.58% (min $500), account review
• FNBO Direct - 4.50% (min $500) account review
• National Bank of KC - 4.50% (min $10K), account review
• AmTrustDirect - 4.50% (min $1K) account review
• IndyMac Bank - 4.35% (min $5K), account review
• Presidential Bank - 4.35% (min $1K)
• KeyDirect - 4.30% (min $5K),Not all states, account review
• GMAC Bank - 4.10% (min $500)
• UFB Direct - 4.05% (min $8K)
• Mutual Bank - 3.95% (min $1K) account review
• Self-Help Credit Union - 3.77% (min $500), account review

36-Month Certificate of Deposit:

• CU of Georgia - 5.33% (min $50K), account review
• Air Force FCU - 5.20% (min $25K) restrictions to membership, account review
• Delta Community CU - 5.15% (min $1K) account review
• Principal Bank - 5.10% (33 mo) (min $5K), account review
• Capital One - 5.00% (min $5K)
• H&R Block Bank - 5.00% (min $250) account review
• Flagstar - 5.00% (min $500), account review
• Patelco CU - 5.00% ($1K min), not NCUA insured, account review
• Intervest - 4.95% (min $2.5K), account review
• Navy FCU - 4.94% ($20K min) restrictions to membership, account review
• E-LOAN - 4.91% ($10K min), account review
• Western FCU - 4.85% (min $40K), account review
• Melrose CU - 4.84% (min $5K) account review
• Discover Bank - 4.81% (min $2.5K)
• Agriculture FCU - 4.80% (min $1K), account review
• Element Financial - 4.80% (min $10K), account review
• Tennessee Commerce Bank - 4.80% (min $5K)
• First State Bank - 4.80% ($1K min), account review
• Bank of Internet - 4.76% (min $1K) account review
• Pentagon Federal CU - 4.75% (min $1K), account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• NewBank - 4.75% (min $5K), account review
• Countrywide - 4.75% (min $10K)
• Transportation Alliance Bank - 4.70% ($1K min)
• ING Direct - 4.65%, account review
• Lehman Brothers Bank - 4.65% (min $1K)
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• KeyDirect - 4.50% (min $5K),Not all states, account review
• National Bank of KC - 4.50% (min $10K), account review
• AmTrustDirect - 4.50% (min $1K) account review
• EverBank - 4.49% ($1.5K min)
• Northrop Grumman FCU - 4.43% (min $40K), account review
• ETrade Bank - 4.40% (min $1K), account review
• IndyMac Bank - 4.35% (min $5K), account review
• GMAC Bank - 4.20% (min $500)
• UFB Direct - 4.10% (min $8K)
• Mutual Bank - 4.00% (min $1K) account review
• Self-Help Credit Union - 3.81% (min $500), account review

48-Month Certificate of Deposit:

• CU of Georgia - 5.38% (min $50K), account review
• Capital One - 5.05% (min $5K)
• H&R Block Bank - 5.00% (min $250) account review
• Flagstar - 5.00% (min $500), account review
• Patelco CU - 5.00% ($1K min), not NCUA insured, account review
• Navy FCU - 4.99% ($20K min) restrictions to membership, account review
• Intervest - 4.98% (min $2.5K), account review
• Element Financial - 4.95% (min $10K), account review
• E-LOAN - 4.91% ($10K min), account review
• Agriculture FCU - 4.90% (min $1K), account review
• Western FCU - 4.90% (min $40K), account review
• USA FCU - 4.85% (min $1K) account review
• Melrose CU - 4.84% (min $5K) account review
• Discover Bank - 4.81% (min $2.5K)
• Tennessee Commerce Bank - 4.80% (min $5K)
• First State Bank - 4.80% ($1K min), account review
• Lehman Brothers Bank - 4.76% (min $1K)
• Bank of Internet - 4.76% (min $1K) account review
• Washington Mutual - 4.75% (min $1K), account review
• Pentagon Federal CU - 4.75% (min $1K), account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• Countrywide - 4.75% (min $10K)
• Transportation Alliance Bank - 4.70% ($1K min)
• Northrop Grumman FCU - 4.69% (min $40K), account review
• ING Direct - 4.65%, account review
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• National Bank of KC - 4.50% (min $10K), account review
• KeyDirect - 4.50% (min $5K),Not all states, account review
• EverBank - 4.49% ($1.5K min)
• IndyMac Bank - 4.35% (min $5K), account review
• GMAC Bank - 4.30% (min $500)
• Self-Help Credit Union - 3.92% (min $500), account review

60-Month Certificate of Deposit:

• CU of Georgia - 5.43% (min $50K), account review
• Apple Bank - 5.26% (min $500) account review
• Delta Community CU - 5.25% (min $1K) account review
• H&R Block Bank - 5.25% (min $250) account review
• Telcom Credit Union - 5.25% (61 mo) (min $5K) account review
• Capital One - 5.10% (min $5K)
• Air Force FCU - 5.10% (min $25K) restrictions to membership, account review
• Northrop Grumman FCU - 5.10% (min $40K), account review
• Navy FCU - 5.04% ($20K min) restrictions to membership, account review
• Intervest - 5.03% (min $2.5K), account review
• USA FCU - 5.01% (min $1K) account review
• KeyDirect - 5.00% (min $5K), Not all states, account review
• Patelco CU - 5.00% ($1K min), not NCUA insured, account review
• Flagstar - 5.00% (min $500), account review
• Agriculture FCU - 5.00% (min $1K), account review
• E-LOAN - 5.00% ($10K min), account review
• Element Financial - 4.95% (min $10K), account review
• Pentagon Federal CU - 4.95% (min $1K), account review
• Western FCU - 4.95% (min $40K) account review
• Melrose CU - 4.94% (min $5K) account review
• Discover Bank - 4.91% (min $2.5K)
• ING Direct - 4.90%, account review
• First State Bank - 4.85% ($1K min), account review
• Lehman Brothers Bank - 4.81% (min $1K)
• Tennessee Commerce Bank - 4.80% (min $5K)
• Bank of Internet - 4.76% (min $1K) account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• Washington Mutual - 4.75% (min $1K), account review
• EverBank - 4.75% ($1.5K min)
• Countrywide - 4.75% (min $10K)
• Mutual Bank - 4.75% (min $5K) account review
• ETrade Bank - 4.70% (min $1K), account review
• Transportation Alliance Bank - 4.70% ($1K min)
• VirtualBank - 4.60% (min $10K), account review
• EmigrantDirect - 4.55% (min $1K)
• National Bank of KC - 4.50% (min $10K), account review
• AmTrustDirect - 4.50% (min $1K) account review
• GMAC Bank - 4.45% (min $500)
• Presidential Bank - 4.40% (min $1K)
• IndyMac Bank - 4.35% (min $5K), account review
• UFB Direct - 4.35% (min $8K)
• Self-Help Credit Union - 4.03% (min $500), account review

84-Month Certificate of Deposit:

• KeyDirect - 5.30% (min $5K) (5.75% 10yr, $50K+), Not all states, account review
• Navy FCU - 5.14% ($20K min) restrictions to membership, account review
• Capital One - 5.10% (min $5K)
• Intervest - 5.05% (min $2.5K), 5.15% for 10yr, account review
• Pentagon Federal CU - 4.95% (min $1K), account review
• Countrywide - 4.75% (min $10K)
• EmigrantDirect - 4.55% (min $1K)

High Yield Checking Accounts with Conditions - Open to All

• 6.01% Reward Checking Account at State Bank of Toledo
• 6.01% Reward Checking Account at Charter Bank
• 6.01% Reward Checking Account at Provident Credit Union
• 6.01% Reward Checking Account at Consumers Credit Union
• 5.51% EverBank 3-month intro rate on checking account and money market
• 5.25% 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)
• 4.85% No-Minimum Online Savings Account (New York)
• 4.65% Checking Account (Florida)
• 4.50% Low-Minimum Online Savings Account (California)
• 4.45% Money Market Account (Utah)
• 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
• Alaska deals and CD rates
• Arizona deals and CD rates
• Arkansas deals and CD rates
• California deals and CD rates
• Colorado deals and CD rates
• Connecticut deals and CD rates
• Delaware deals and CD rates
• District of Columbia deals and CD rates
• Florida deals and CD rates
• Georgia deals and CD rates
• Hawaii deals and CD rates
• Idaho deals and CD rates
• Illinois deals and CD rates
• Indiana deals and CD rates
• Iowa deals and CD rates
• Kansas deals and CD rates
• Kentucky deals and CD rates
• Louisiana deals and CD rates
• Maine deals and CD rates
• Maryland deals and CD rates
• Massachusetts deals and CD rates
• Michigan deals and CD rates
• Minnesota deals and CD rates
• Mississippi deals and CD rates
• Missouri deals and CD rates
• Montana deals and CD rates
• Nebraska 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
• North Dakota 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
• South Dakota deals and CD rates
• Tennessee deals and CD rates
• Texas deals and CD rates
• Utah deals and CD rates
• Vermont deals and CD rates
• Virginia deals and CD rates
• Washington State deals and CD rates
• West Virginia deals and CD rates
• Wisconsin deals and CD rates
• Wyoming deals and CD rates

Terms of 60 Months and Over

• 5.75% 60-Month CD at a Ohio Credit Union (CES)
• 5.60% 60-Month CD at a DC Credit Union (Library of Congress)
• 5.59% 60-Month CD at a Michigan CU (Family Financial)
• 5.51% 60-Month CD at a Arizona CU (First)
• 5.50% 60-Month CD at a Kentucky CU (Beacon Community)
• 5.50% 60-Month CD at a Utah CU (Freedom)
• 5.44% 60-Month CD at a Virginia CU (Bronco)
• 5.36% 60-Month CD at a Texas CU (Austin Telco)
• 5.35% 60-Month CD at a Washington State CU (BECU)
• 5.25% 61-Month CD at a Michigan CU - Easy Membership (Telcom)
• 5.25% 60-Month CD at a Michigan CU (Consumers)

Terms of 24 Months to Under 60 Months

• 5.90% 50-Month CD at a New York CU (CFCU Community)
• 5.55% 30-Month CD at a New York/Pennsylvania CU (Visions)
• 5.55% 36-Month CD at a Illinois CU (First Northern)
• 5.54% 30-Month CD at a Michigan CU (Kent County)
• 5.50% 36-Month CD at a Utah CU (Freedom)
• 5.48% 54-Month CD at a Ohio/Pennsylvania CU - $100K Min (Sun Federal)
• 5.40% 30-Month CD at a Illinois CU - and a 5.38% Money Market Account (MECU)
• 5.40% 48-Month CD at a Kentucky CU (Beacon Community)
• 5.39% 24-Month CD at a DC Credit Union - and $101 Checking Bonus (Signal Financial)
• 5.38% 48-Month CD at a Michigan CU (Family Financial)
• 5.35% 36-Month CD at a Arizona CU (First)
• 5.30% 25-Month CD at a Montana CU (Summit)
• 5.25% 36-Month CD at a Florida Bank (TransCapital Bank)
• 5.25% 24/36-Month CD at a Michigan CU (Consumers)
• 5.20% 27-Month CD at a California CU (Orange County)

Terms of 12 Months to Under 24 Months

• 5.88% 23-Month CD at a Indiana CU (Afena)
• 5.61% 13-Month CD at a Indiana CU (Afena)
• 5.50% 12-Month CD at a California CU (San Mateo)
• 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% 14-Month CD at a California CU (Universal City Studios)
• 5.50% 21-Month CD at a Nevada CU (Greater Nevada)
• 5.50% 18-Month CD at a New York Bank (LibertyPointe)
• 5.50% 18-Month CD at a Louisiana CU (University of Louisiana)
• 5.40% 12-Month CD at a Illinois CU - and a 5.38% Money Market Account (MECU)
• 5.38% 20-Month CD at a New York CU (CFCU Community)
• 5.35% 15-Month CD at a Minnesota CU - plus $50 Savings Account Bonus (Endura Financial)
• 5.35% 13-Month CD at a California CU - easy membership (NuVision)
• 5.35% 12-Month CD at a Florida CU - and $150 Checking/DD bonus (First Florida)
• 5.30% 16-Month CD at a California CU - easy membership (Provident)
• 5.30% 12-Month CD at a MA Credit Union - Easy Membership (RTN)
• 5.30% 12-Month CD at a Maryland Bank (Suburban Federal Savings)
• 5.30% 17-Month CD at a Alaska/Washington CU (Alaska USA)
• 5.30% 12-Month CD at a Alaska/Washington CU (Alaska USA)
• 5.28% 12-Month CD at a DC Credit Union - and $101 Checking Bonus (Signal Financial)
• 5.25% 13-Month CD at a New York CU - and $100 Checking Bonus (Mid-Hudson Valley)
• 5.25% 18-Month CD at a Michigan CU - Easy Membership (Telcom)
• 5.25% 13-Month CD at a Virginia CU (Bronco)
• 5.25% 12-Month CD at a Michigan CU (Consumers)
• 5.23% 12-Month CD at a Texas CU (Austin Telco)
• 5.22% 13-Month CD at a Montana CU (Summit)
• 5.20% 18-Month CD at a Washington State CU (BECU)

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)
• 7.00% 7-Month CD at a California CU - $5K Max (San Mateo)
• 6.00% 6-Month CD at a Florida CU - and a $77 Checking Bonus (MidFlorida)
• 6.00% 5-Month CD at a Connecticut CU - $16K Max (CorePlus)
• 5.75% 5-Month CD at a California CU (San Mateo)
• 5.51% 11-Month CD at a Florida Bank (TransCapital Bank)
• 5.50% 5-Month CD at a New York CU - yield up to 5.85% (Hudson Valley)
• 5.50% 11-Month CD at a California CU - 5.70% IRA (KeyPoint)
• 5.50% 6-Month CD at a New York Bank (LibertyPointe)
• 5.50% 3-Month CD at a Texas Bank - and 5.50% Savings Account (Patriot)
• 5.50% 6-Month CD at a Florida Credit Union (Florida Telco)
• 5.50% 3-Month CD at a Florida Credit Union (Florida Telco)
• 5.50% 6-Month CD at a Texas Bank - Down from 5.75% (First National Bank Southwest)
• 5.40% 4-Month CD at a California CU - yield up to 5.75% (OCTFCU)
• 5.35% 6-Month CD at a CA Bank - with liquid feature (Fremont Investment and Loan)
• 5.35% 6-Month CD at a Louisiana CU (University of Louisiana)
• 5.35% 7-Month CD at a California CU (Orange County)
• 5.30% 5-Month CD at a Texas Credit Union (Amplify)
• 5.30% 9-Month CD at a Florida Bank (First Commercial)
• 5.30% 7-Month CD at a New Jersey Bank (NJM Bank)
• 5.25% 6-Month CD at a Michigan CU - and all terms in between (Consumers)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 5.05% rate for $50k+
• Fidelity Money Market Fund - 4.82% 7-day yield ($100 bonus and other info)
• TIAA-CREF Money Market Fund - 4.80% 7-day yeild
• Vanguard Prime Money Market Fund - 4.71% 7-day yield
• Paypal Money Market Fund - 4.70% 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)