Wachovia is offering a featured CD with a 5.05% APY and a 5-month term in some states. The minimum deposit is $5,000. To see if it's available in your area, go to Wachovia's Fixed-Rate Certificates of Deposit page and enter your zip code. I've entered zip codes for California and Texas, and the special rate shows up for both.
This special doesn't seem to show up for eastern states like Florida, but you may be able to get a similar CD special at World Savings. I've been told World Savings branches on the east coast don't convert to Wachovia branches until the first quarter of 2008. I tried a Miami zip code at World Savings' CD page, and it showed a 5.01% APY 5-month CD with a $10,000 minimum deposit.
For Wachovia, you can apply at a branch, online or by phone. The online application includes this 5-month CD special. According to the application instructions, you can fund the CD by mailing a check, depositing the check at a Wachovia branch, transferring funds from an existing Wachovia branch or requesting a transfer from another financial institution.
The last Wachovia CD special that I reported on was last October when they were offering a 5.41% 8-month CD. Readers mentioned in the comments of that post that they may require a checking account if you open at a branch. Some also reported being told that they do a hard credit pull.