Bank Deals Weekly Summary for January 5, 2008

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

The New Year started off with many banks cutting savings account and CD rates. Some big drops in savings account rates this week occurred at AmboyDirect (4.55% APY, was 4.75% APY), at Bank of America's Dow Money Market Savings (top tier 4.41% APY, was 4.71% APY), Zions' Deseret Money Market (lower tier 4.60% APY, was 4.86% APY), EverBank's intro rate (5.01% APY, was 5.51% APY) and EverBank's standard money market rate (4.26% APY, was 4.51% APY). Smaller savings account rate cuts also occurred at Countrywide, M&T Bank and Capital One.

For CDs, the big disappointment for this week was at Patelco Credit Union which ended their special 5.50% APY 9-month CD today (see post). The good news is that they're now officially federally insured by the NCUA. They still have some good deals (see post). Hopefully, we'll see more CD specials from Patelco this year.

I just found one good CD deal today at Alliant Credit Union which just recently introduced new Jumbo CDs with only a $25K minimum that has a yield of 5.40% APY. Terms range from 12 to 24 months. People can be eligible to join Alliant CU by joining the National PTA (see post).

Another good CD deal that came out this week was at Key Bank. In 6 states they're offering yields of up to 5.50% APY for terms from 25 to 35 months. A lower yield of 5.30% APY is available in 7 other states (see post). Those not in these states, can still get competitive CD rates at Key Bank's online bank, KeyDirect. Unfortunately, KeyDirect just recently lowered most rates for terms under 7 years with a top yield of 5.00% APY for certain terms. They still have very high yields for terms from 7 to 10 years. The top yield is 5.75% APY for a 10-year term.

For those who don't want to lock their money into CDs but still want high yields, the reward checking accounts continue to be a good alternative. Even though many rate cuts are occurring in some of these accounts, they continue to maintain higher rates than most online savings accounts. I reported on a new 6.06% APY reward checking account this week that's available nationwide and that doesn't have a balance cap. It's a small bank that doesn't seem well prepared for a nationwide audience. So I would expect some delays and issues (see post). Many banks and credit unions continue to come out with new reward checking accounts. So you may soon have one of these local to you. I reported on a few more reward checking accounts this week that are available in certain areas of the country. Please see my recap section below for these posts.

Savings and CD rates are dropping fast. So please check with the bank or credit union to make sure the deals that I've posted are still available. If they're not, please leave a comment.

Recap for the Week

Banking News

• More Cuts in Savings and Checking Account Rates
• The Ten Best Bank Deals for Savers in 2007

Reward Checking Accounts - National

• 6.06% Reward Checking Account with No Cap and Available Nationwide

CD Deals - National

• 5.40% 24-Month / 5.40% 12-Month CD at an Illinois CU - easy membership (Alliant)
• Saturday Is Last Day for Patelco's 5.50% 9-Month CD
• 5.10% 9-Month CD at a California CU - Easy Membership (E-Central)
• Patelco Is Now Federally Insured - My Experience Joining and Opening the 7% and 5.50% CDs
• 5.50% 25-Month / 5.30% 7-Month CD at Key Bank in Some States
• 5.20% 60-Month CD at a New Mexico CU - Easy Membership (US New Mexico) - RATES REDUCED

Checking Account Bonuses

• $75 Checking Account Bonus at a Wachovia Branch in Texas Plus Reminder of Wachovia's Nationwide $50 Bonus

Credit Card Deals

• PenFed's New Cash Back Credit Card Feature

Reward Checking Accounts - Local

• 6.01% Reward Checking Account at a Texas CU (Community Resource)
• 6.00% Reward Checking Account at University of Iowa Community Credit Union
• 6.06% Reward Checking Account at a Multi-State CU (Altra)

CD and Money Market Deals - Local

• 5.25% 60-Month / 5.00% 13-Month CD at a Chicago Bank (Broadway)
• 5.21% 6-Month / 5.21% 11-Month CD at a Michigan CU (Consumers)
• 5.55% 60-Month / 5.28% 12-Month CD at a Utah CU (Deseret First)
• 5.15% 60-Month / 5.00% 36-Month CD at a Pennsylvania CU (Freedom)
• 5.00% 12-Month / 5.00% 6-Month CD at a California Bank (Temecula Valley)
• 5.30% Money Market Promotion at a Florida Bank (Sun American)
• 5.10% 9-Month CD at an Illinois Bank (Bank of Illinois)
• 5.15% 5-Month / 5.00% 18-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 5.33% 60-Month / 5.12% 12-Month CD at a New Jersey CU (Garden Savings)
• 5.20% 9-Month CD at a California CU (USE)
• 5.15% 12-Month / 5.05% 5-Month CD at a California CU (San Mateo)
• 5.23% 60-Month / 5.13% 24-Month CD at a Massachusetts CU (Telephone Workers')

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 Dec 29th, Dec 22nd, Dec 15th, Dec 8th, Dec 1st, Nov 24th, Nov 17th, Nov 10th and Nov 3rd.

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 January 5, 2008

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

• UmbrellaBank - 5.50% (min $100), 3mo promo, account review
• OneUnited - 5.30% (min $1K), account review
• Countrywide - 5.25% (min $10K), account review
• UFB Direct - 5.22%, account review
• BankUnited - 5.15% (min $5K), account review
• AmTrustDirect - 5.11% 3mo promo, (e-Savings) account review
• Corus Bank - 5.10% MMA (min $10K) 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
• EverBank - 5.01% ($1.5K min), 3mo promo, account review
• Flagstar - 5.00% MMA, account review
• ShoreBank - 5.00%, account review ($25 bonus)
• UmbrellaBank - 5.00% MMA (min $1K), account review
• Doral Bank Direct - 5.00% (min $1K) account review
• Savings Square - 5.00%, account review
• grand yield direct - 4.90% (min $2.5K) account review
• Indymac Bank - 4.90% MMA (min $25K), account review
• WTDirect - 4.90% ($10K min), account review
• iGobanking - 4.90%, account review
• Heartland Bank Direct - 4.80%, ($500 min), account review ($50 bonus)
• KeyDirect - 4.75% MMA (min $50), Not all states, 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
• EmigrantDirect - 4.65%, account review
• Direct Huntington - 4.60% ($1K min), account review
• AmTrustDirect - 4.60% (e-Money Market) account review
• Zions Bank - 4.60% MMA, outside of Utah, (min $1K) (5.02% $50K+), account review
• CapitalOne/Costco - 4.55% MMA (min $5K, Costco members only, $50 deal for exec. members)
• AmboyDirect - 4.55% post ($25 bonus)
• Century Bank Direct - 4.54% (min $100) account review
• Capital One - 4.50% (min $10K)
• GMAC Bank - 4.50% MMA (min $500), account review
• MyBankingDirect - 4.50% MMA (min $5K), account review
• Citibank - 4.50%, requires checking account and bill pay usage, account review
• E-LOAN - 4.50% ($5K min), account review
• Presidential Bank - 4.40% (min $5K, only first $35K receives this rate), offers 3.50% checking, account review
• Discover Bank - 4.39% MMA (min $10K)(4.49% for $50K+)
• Bank of America AAA/NEA - 4.32% MMA ($10K min) (4.58% for $50K+) account review
• Capital One - 4.30% MMA, account review
• EverBank - 4.26% ($1.5K min) account review
• HSBC Direct - 4.25%, account review
• UnivestDirect - 4.25%, (3.40% checking), account review
• Mutual Bank - 4.25% MMA (min $5K), account review
• Bank of America DoW - 4.15% MMA (min $10K) (4.41% for $50K+), account review
• Salem Five Direct - 4.10% Checking (4.30% $25K+), account review
• ING Direct - 4.10%, (3.15% checking), post ($25 bonus)
• Transportation Alliance Bank - 4.08%, ($25 min), account review
• Imperial Capital - 4.05% MMA ($2.5K min) (5% for $100K+) account review
• VirtualBank - 4.03% (min $100), (4.34% $50K+/ 4.81% $100K+) offers checking, post ($20 bonus)
• MetLife Bank - 4.00% MMA (min $5K), post ($50 bonus)
• Charles Schwab - 4.00% Checking, account review
• Self-Help Credit Union - 3.63% MMA (min $500), account review
• Melrose CU - 3.55% (min $25) account review
• NewBank - 3.50% Checking, post ($50 bonus)
• Tennessee Commerce Bank - 3.38% (min $10K), account review
• ebank - 2.75% MMA ($10K min), account review

3-Month Certificates of Deposit:

• Countrywide - 5.45% (min $10K), account review
• IndyMac Bank - 5.40% (3 & 4 month) (min $5K), account review
• TD Ameritrade - 5.30% (min $10K), brokered, account review
• UmbrellaBank - 5.10% (min $1K)
• FirstFedDirect - 5.01% (min $10K), account review
• ETrade Bank - 5.00% (min $1K), account review
• E-LOAN - 5.00% ($10K min), account review
• VirtualBank - 4.86% (min $10K), account review
• Imperial Capital - 4.80%, ($2K min), account review
• EverBank - 4.75% ($1.5K min)
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• UFB Direct - 4.75% (min $8K)
• Element Financial - 4.65% (min $10K), account review
• GMAC Bank - 4.50% (min $500), account review
• National Bank of KC - 4.35% (min $10K), account review
• Self-Help Credit Union - 3.92% (min $500), account review

6-Month Certificates of Deposit:

• Countrywide - 5.45% (min $10K), account review
• Superior Savings - 5.25% (7 mo) (min $500) account review
• Doral Bank Direct - 5.25% (min $1K) account review
• Northrop Grumman FCU - 5.18% (min $40K), account review
• ETrade Bank - 5.18% (min $1K), account review
• UmbrellaBank - 5.17% (min $1K)
• Ascencia Bank - 5.11% (min $500), account review
• Corus Bank - 5.10% (min $10K) account review
• Washington Mutual - 5.10% (min $1K), account review
• Flagstar - 5.10% (min $500), account review
• FirstFedDirect - 5.05% (min $10K), account review
• IndyMac Bank - 5.05% (min $5K), account review
• Century Bank Direct - 5.01% (5 mo) (min $1K) account review
• E-LOAN - 5.00% ($10K min), account review
• KeyDirect - 5.00% (min $5K), Not all states, account review
• CU of Georgia - 4.91% (min $50K), account review
• LaSalle Bank - 4.90% (5 mo)(min $10K), account review
• NASA FCU - 4.90% (7 mo) (min $1K) account review
• Imperial Capital - 4.85%, ($2K min), account review
• La Jolla Bank - 4.80% (min $10K), account review
• Tennessee Commerce Bank - 4.80% (min $5K)
• EverBank - 4.79% ($1.5K min)
• Intervest - 4.75% (min $2.5K), account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• Lehman Brothers Bank - 4.71% (min $1K)
• Element Financial - 4.70% (min $10K), account review
• ING Direct - 4.70%, account review
• Bank of Internet - 4.70% (min $1K) account review
• Western FCU - 4.68% (min $40K), account review
• UFB Direct - 4.65% (min $8K)
• EmigrantDirect - 4.55% (min $1K)
• iGobanking - 4.50% (min $500), account review
• GMAC Bank - 4.50% (min $500), account review
• National Bank of KC - 4.35% (min $10K), account review
• AmTrustDirect - 4.25% (min $1K) account review
• Wells Fargo - 4.25% (5 months) (min $5K), rate and min vary by state, account review
• Self-Help Credit Union - 4.13% (min $500), account review
• VirtualBank - 4.08% (min $10K), account review
• Capital One - 3.00% (min $5K)

9-Month Certificates of Deposit:

• FNBO Direct - 5.25% (min $500) account review
• Doral Bank Direct - 5.25% (min $1K) account review
• Countrywide - 5.15% (min $10K), account review
• FirstFedDirect - 5.05% (min $10K), account review
• Academy Bank - 5.00% (min $500), account review
• UmbrellaBank - 4.86% (min $1K)
• AmboyDirect - 4.85% (min $10K), account review
• EverBank - 4.79% ($1.5K min)
• Century Bank Direct - 4.75% (10 mo) (min $1K) account review
• Imperial Capital - 4.75% ($2K min), account review
• Element Financial - 4.70% (min $10K), account review
• ING Direct - 4.70% (new money), account review
• IndyMac Bank - 4.70% (min $5K), account review
• Bank of Internet - 4.70% (min $1K) account review
• EmigrantDirect - 4.55% (min $1K)
• iGobanking - 4.50% (min $500), account review
• GMAC Bank - 4.40% (min $500), account review
• National Bank of KC - 4.35% (min $10K), account review
• AmTrustDirect - 4.25% (min $1K) account review
• VirtualBank - 4.08% (min $10K), account review

12-Month Certificates of Deposit:

• Alliant Credit Union - 5.40% (min $25K) account review
• FirstFedDirect - 5.15%, (min $10K) account review
• Doral Bank Direct - 5.15% (min $1K) account review
• Corus Bank - 5.10% (min $10K) account review
• Zopa - 5.10% (min $500) account review
• Countrywide - 5.10% (min $10K), account review
• Pacific Mercantile Bank - 5.10% (min $10K) account review
• CU of Georgia - 5.06% (min $50K), account review
• Principal Bank - 5.05% (14 mo) (min $5K), account review
• Ascencia Bank - 5.03% (min $500), account review
• UmbrellaBank - 5.02% (min $1K)
• Apple Bank - 5.02% (min $500) account review
• ETrade Bank - 5.00% (min $1K), account review
• NewBank - 5.00% (min $5K), account review
• Flagstar - 5.00% (min $500), account review
• Air Force FCU - 5.00% (min $25K) restrictions to membership, account review
• E-LOAN - 5.00% ($10K min), account review
• Northrop Grumman FCU - 4.96% (min $40K), account review
• La Jolla Bank - 4.90% (min $10K), account review
• Element Financial - 4.90% (min $10K), account review
• Huntington - 4.90% (14 mo) (min $2K) account review
• Melrose CU - 4.89% (min $5K) account review
• Intervest - 4.87% (min $2.5K), account review
• Tennessee Commerce Bank - 4.85% (min $5K)
• Academy Bank - 4.80% (min $500), account review
• Washington Mutual - 4.80% (min $1K), account review
• FNBO Direct - 4.75% (min $500) account review
• Capital One - 4.75% (min $5K)
• First State Bank - 4.75% ($1K min), account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• Western FCU - 4.75% (min $40K), account review
• Delta Community CU - 4.75% (min $1K) account review
• EverBank - 4.71% ($1.5K min)
• GTE FCU - 4.70% (min $500) account review
• ING Direct - 4.70% (new money), account review
• Transportation Alliance Bank - 4.70% ($1K min)
• Bank of Internet - 4.70% (min $1K) account review
• Lehman Brothers Bank - 4.65% (min $1K)
• Discover Bank - 4.60% (min $2.5K)
• IndyMac Bank - 4.60% (min $5K), account review
• Imperial Capital - 4.60% ($2K min), account review
• EmigrantDirect - 4.55% (min $1K)
• Navy FCU - 4.55% ($20K min) restrictions to membership, account review
• iGobanking - 4.50% (min $500), account review
• KeyDirect - 4.50% (min $5K), Not all states, account review
• GMAC Bank - 4.40% (min $500), account review
• National Bank of KC - 4.35% (min $10K), account review
• AmTrustDirect - 4.25% (min $1K) account review
• H&R Block Bank - 4.25% (min $250) account review
• UFB Direct - 4.20% (min $8K)
• VirtualBank - 4.08% (min $10K), account review
• Mutual Bank - 3.90% (min $1K) account review
• Self-Help Credit Union - 3.86% (min $500), account review

18-Month Certificates of Deposit:

• Alliant Credit Union - 5.40% (min $25K) account review
• Doral Bank Direct - 5.10% (min $1K) account review
• Provident CU - 5.01% (16 mo) (min $1K), account review
• NewBank - 5.00% (min $5K), account review
• Flagstar - 5.00% (min $500), account review
• Intervest - 4.90% (min $2.5K), account review
• Academy Bank - 4.85% (min $500) account review
• Tennessee Commerce Bank - 4.85% (min $5K)
• Countrywide - 4.75% (min $10K)
• Capital One - 4.75% (min $5K)
• First State Bank - 4.75% ($1K min), account review
• ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
• EverBank - 4.71% ($1.5K min)
• Element Financial - 4.70% (min $10K), account review
• ING Direct - 4.65%, account review
• Lehman Brothers Bank - 4.65% (min $1K)
• Discover Bank - 4.60% (min $2.5K)
• EmigrantDirect - 4.55% (min $1K)
• FNBO Direct - 4.50% (min $500) account review
• iGobanking - 4.50% (min $500), account review
• Bank of Internet - 4.45% (min $1K) account review
• National Bank of KC - 4.35% (min $10K), account review
• AmTrustDirect - 4.25% (min $1K) account review
• H&R Block Bank - 4.25% (min $250) account review
• GMAC Bank - 4.20% (min $500)
• IndyMac Bank - 4.15% (min $5K), account review
• VirtualBank - 4.08% (min $10K), account review
• ETrade Bank - 4.00% (min $1K), account review

24-Month Certificates of Deposit:

• Alliant Credit Union - 5.40% (min $25K) account review
• CU of Georgia - 5.12% (min $50K), account review
• Doral Bank Direct - 5.10% (min $1K) account review
• Apple Bank - 5.02% (min $500) account review
• Flagstar - 5.01% (min $500), account review
• Air Force FCU - 5.00% (min $25K) restrictions to membership, account review
• Intervest - 4.93% (min $2.5K), account review
• Melrose CU - 4.84% (min $5K) account review
• Tennessee Commerce Bank - 4.80% (min $5K)
• Northrop Grumman FCU - 4.75% (min $40K), account review
• NewBank - 4.75% (min $5K), account review
• Countrywide - 4.75% (min $10K)
• Capital One - 4.75% (min $5K)
• E-LOAN - 4.75% ($10K min), account review
• Delta Community CU - 4.75% (min $1K) account review
• National Bank of KC - 4.70% (min $10K), account review
• Transportation Alliance Bank - 4.70% ($1K min)
• Element Financial - 4.65% (min $10K), account review
• ING Direct - 4.65%, account review
• Lehman Brothers Bank - 4.65% (min $1K)
• Western FCU - 4.65% (min $40K), account review
• Navy FCU - 4.65% ($20K min) restrictions to membership, account review
• Discover Bank - 4.60% (min $2.5K)
• EverBank - 4.60% ($1.5K min)
• Ascencia Bank - 4.58% (min $500), account review
• FNBO Direct - 4.50% (min $500) account review
• Bank of Internet - 4.50% (min $1K) account review
• KeyDirect - 4.50% (min $5K),Not all states, account review
• Presidential Bank - 4.35% (min $1K)
• ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
• H&R Block Bank - 4.25% (min $250) account review
• GMAC Bank - 4.10% (min $500)
• VirtualBank - 4.08% (min $10K), account review
• UFB Direct - 4.00% (min $8K)
• AmTrustDirect - 4.00% (min $1K) account review
• IndyMac Bank - 4.00% (min $5K), account review
• Mutual Bank - 3.95% (min $1K) account review
• Self-Help Credit Union - 3.44% (min $500), account review

36-Month Certificate of Deposit:

• CU of Georgia - 5.22% (min $50K), account review
• Doral Bank Direct - 5.10% (min $1K) account review
• Air Force FCU - 5.10% (min $25K) restrictions to membership, account review
• Flagstar - 5.00% (min $500), account review
• KeyDirect - 5.00% (min $5K),Not all states, account review
• Intervest - 4.95% (min $2.5K), account review
• Patelco CU - 4.91% ($1K min) account review
• Principal Bank - 4.90% (33 mo) (min $5K), account review
• Capital One - 4.85% (min $5K)
• Delta Community CU - 4.85% (min $1K) account review
• Melrose CU - 4.84% (min $5K) account review
• Agriculture FCU - 4.80% (min $1K), account review
• Western FCU - 4.80% (min $40K), account review
• Navy FCU - 4.80% ($20K min) restrictions to membership, account review
• Tennessee Commerce Bank - 4.75% (min $5K)
• Pentagon Federal CU - 4.75% (min $1K), account review
• NewBank - 4.75% (min $5K), account review
• Countrywide - 4.75% (min $10K)
• E-LOAN - 4.75% ($10K min), account review
• Lehman Brothers Bank - 4.71% (min $1K)
• Element Financial - 4.70% (min $10K), account review
• Transportation Alliance Bank - 4.70% ($1K min)
• ING Direct - 4.65%, account review
• First State Bank - 4.65% ($1K min), account review
• Discover Bank - 4.60% (min $2.5K)
• Northrop Grumman FCU - 4.55% (min $40K), account review
• EmigrantDirect - 4.55% (min $1K)
• EverBank - 4.49% ($1.5K min)
• National Bank of KC - 4.35% (min $10K), account review
• ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
• AmTrustDirect - 4.25% (min $1K) account review
• H&R Block Bank - 4.25% (min $250) account review
• Bank of Internet - 4.25% (min $1K) account review
• GMAC Bank - 4.20% (min $500)
• VirtualBank - 4.08% (min $10K), account review
• UFB Direct - 4.05% (min $8K)
• ETrade Bank - 4.00% (min $1K), account review
• Mutual Bank - 4.00% (min $1K) account review
• IndyMac Bank - 4.00% (min $5K), account review
• Self-Help Credit Union - 3.52% (min $500), account review

48-Month Certificate of Deposit:

• CU of Georgia - 5.27% (min $50K), account review
• MidAmerica Bank - 5.25% (min $10K), chk req, account review
• Doral Bank Direct - 5.10% (min $1K) account review
• Flagstar - 5.00% (min $500), account review
• Patelco CU - 5.00% ($1K min) account review
• Capital One - 5.00% (min $5K)
• Intervest - 4.98% (min $2.5K), account review
• Agriculture FCU - 4.90% (min $1K), account review
• Western FCU - 4.85% (min $40K), account review
• Navy FCU - 4.85% ($20K min) restrictions to membership, account review
• Melrose CU - 4.84% (min $5K) account review
• Northrop Grumman FCU - 4.82% (min $40K), account review
• Element Financial - 4.80% (min $10K), account review
• Lehman Brothers Bank - 4.76% (min $1K)
• Tennessee Commerce Bank - 4.75% (min $5K)
• Washington Mutual - 4.75% (min $1K), account review
• Pentagon Federal CU - 4.75% (min $1K), account review
• Countrywide - 4.75% (min $10K)
• E-LOAN - 4.75% ($10K min), account review
• USA FCU - 4.75% (min $1K) account review
• Transportation Alliance Bank - 4.70% ($1K min)
• Discover Bank - 4.65% (min $2.5K)
• ING Direct - 4.65%, account review
• First State Bank - 4.65% ($1K min), account review
• EmigrantDirect - 4.55% (min $1K)
• KeyDirect - 4.50% (min $5K),Not all states, account review
• EverBank - 4.49% ($1.5K min)
• National Bank of KC - 4.35% (min $10K), account review
• ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
• GMAC Bank - 4.30% (min $500)
• H&R Block Bank - 4.25% (min $250) account review
• Bank of Internet - 4.25% (min $1K) account review
• IndyMac Bank - 4.10% (min $5K), account review
• VirtualBank - 4.08% (min $10K), account review
• Self-Help Credit Union - 3.83% (min $500), account review

60-Month Certificate of Deposit:

• CU of Georgia - 5.33% (min $50K), account review
• Telcom Credit Union - 5.25% (61 mo) (min $5K) account review
• Northrop Grumman FCU - 5.20% (min $40K), account review
• Doral Bank Direct - 5.10% (min $1K) account review
• Apple Bank - 5.05% (min $500) account review
• Capital One - 5.01% (min $5K)
• Provident CU - 5.01% (min $1K), account review
• Pentagon Federal CU - 5.00% (min $1K), account review
• Patelco CU - 5.00% ($1K min) account review
• Flagstar - 5.00% (min $500), account review
• Agriculture FCU - 5.00% (min $1K), account review
• Intervest - 5.00% (min $2.5K), account review
• KeyDirect - 5.00% (min $5K), Not all states, account review
• Western FCU - 4.95% (min $40K) account review
• Melrose CU - 4.94% (min $5K) account review
• ING Direct - 4.90%, account review
• Element Financial - 4.90% (min $10K), account review
• Air Force FCU - 4.90% (min $25K) restrictions to membership, account review
• Navy FCU - 4.90% ($20K min) restrictions to membership, account review
• Lehman Brothers Bank - 4.86% (min $1K)
• EverBank - 4.85% ($1.5K min)
• E-LOAN - 4.85% ($10K min), account review
• Delta Community CU - 4.85% (min $1K) account review
• USA FCU - 4.85% (min $1K) account review
• Tennessee Commerce Bank - 4.75% (min $5K)
• Washington Mutual - 4.75% (min $1K), account review
• Countrywide - 4.75% (min $10K)
• Mutual Bank - 4.75% (min $5K) account review
• Discover Bank - 4.70% (min $2.5K)
• Transportation Alliance Bank - 4.70% ($1K min)
• First State Bank - 4.70% ($1K min), account review
• EmigrantDirect - 4.55% (min $1K)
• H&R Block Bank - 4.50% (min $250) account review
• Presidential Bank - 4.40% (min $1K)
• GMAC Bank - 4.40% (min $500)
• Bank of Internet - 4.40% (min $1K) account review
• National Bank of KC - 4.35% (min $10K), account review
• ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
• ETrade Bank - 4.30% (min $1K), account review
• UFB Direct - 4.25% (min $8K)
• AmTrustDirect - 4.25% (min $1K) account review
• IndyMac Bank - 4.10% (min $5K), account review
• VirtualBank - 4.08% (min $10K), account review
• Self-Help Credit Union - 3.83% (min $500), account review

84-Month Certificate of Deposit:

• KeyDirect - 5.50% (min $5K) (5.75% 10yr, $50K+), Not all states, account review
• Capital One - 5.30% (5.40% 10yr)(min $5K)
• Pentagon Federal CU - 5.25% (min $1K), account review
• Intervest - 5.02% (min $2.5K), 5.15% for 10yr, account review
• Navy FCU - 4.95% ($20K min) restrictions to membership, account review
• Countrywide - 4.75% (min $10K)
• EmigrantDirect - 4.55% (min $1K)

High Yield Checking Accounts with Conditions - Open to All

• 6.06% Reward Checking at First Arkansas Bank & Trust
• 6.01% Reward Checking Account at Charter Bank
• 6.01% Reward Checking Account at Consumers Credit Union
• 5.51% Reward Checking Account at Provident Credit Union
• 5.01% Reward Checking Account at State Bank of Toledo
• 5.01% EverBank 3-month intro rate on checking account and money market
• 5.00% 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)
• 4.25% Money Market Account (Utah)
• 4.25% Low-Minimum Online Savings Account (California)
• 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 Month

• 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 Idaho/Washington CU (Potlatch No. 1)
• 5.65% 60-Month CD at a Utah Credit Union (Utah Community)
• 5.55% 60-Month CD at a Utah CU (Deseret First)
• 5.50% 60-Month CD at a Maryland CU (Prince George's Community)
• 5.48% 60-Month CD at a Texas CU (InvesTex)
• 5.36% 60-Month CD at a New York CU (SeaComm)
• 5.35% 60-Month CD at a Washington State CU (NW Plus)
• 5.33% 60-Month CD at a New Jersey CU (Garden Savings)
• 5.30% 60-Month CD at a Indiana CU (Pro Fed)
• 5.25% 60-Month CD at a Pennsylvania CU (Diamond)
• 5.25% 60-Month CD at a Chicago Bank (Broadway)
• 5.23% 60-Month CD at a Massachusetts CU (Telephone Workers')
• 5.15% 60-Month CD at a Pennsylvania CU (Freedom)

Terms of 24 Months to Under 60 Months

• 5.55% 48-Month CD at a Utah Credit Union (Utah Community)
• 5.50% 24-Month CD at a Idaho/Washington CU (Potlatch No. 1)
• 5.40% 24-Month CD at a Illinois CU - easy membership (Alliant)
• 5.38% 24-Month CD at a Texas/New Mexico CU (FirstLight)
• 5.35% 24-Month CD at a Washington State CU (NW Plus)
• 5.28% 24-Month CD at a DC Credit Union (Signal Financial)
• 5.25% 24-Month CD at a Maryland CU (Prince George's Community)
• 5.20% 48-Month CD at a Pennsylvania CU (Diamond)
• 5.20% 36-Month CD at a Texas Credit Union (SACU)
• 5.17% 24-Month CD at a Texas CU (InvesTex)
• 5.15% 24-Month CD at a Illinois CU - easy membership (Alliant)
• 5.15% 24-Month CD at a New York CU - $99K Min (Western New York FCU)
• 5.13% 24-Month CD at a Massachusetts CU (Telephone Workers')
• 5.00% 36-Month CD at a Pennsylvania CU (Freedom)

Terms of 12 Months to Under 24 Months

• 5.75% 13-Month CD at a California/Arizona CU (LA Financial)
• 5.43% 15-Month CD at a Carolina CU Continues (Carolina Telco)
• 5.40% 12-Month CD at a Illinois CU - easy membership (Alliant)
• 5.35% 15-Month CD at a Virginia/DC Credit Union (State Department)
• 5.28% 12-Month CD at a Utah CU (Deseret First)
• 5.20% 18-Month CD at a New York CU (SeaComm)
• 5.19% 18-Month CD at a Michigan CU and Update on a Failed CU (Detroit Edison)
• 5.18% 12-Month CD at a DC Credit Union (Signal Financial)
• 5.15% 12-Month CD at a Illinois CU - easy membership (Alliant)
• 5.15% 12-Month CD at a California CU (San Mateo)
• 5.12% 12-Month CD at a New Jersey CU (Garden Savings)
• 5.10% 13-Month CD at a Colorado CU (Elevations)
• 5.10% 17-Month CD at a New York Credit Union (DOT)
• 5.00% 18-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 5.00% 12-Month CD at a California Bank (Temecula Valley)
• 5.00% 13-Month CD at a Chicago Bank (Broadway)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado Credit Union Continues - $2K Max (Elevations)
• 7.77% 7-Month CD at a Illinois Bank - $7.7K Max (Bridgeview)
• 7.45% 9-Month CD at a Southern California CU - $7.5K Max (Patriots)
• 6.00% 5-Month CD at a Connecticut CU - $16K Max (CorePlus)
• 5.50% 9-Month CD at a Los Angeles CU (Water and Power Community)
• 5.45% 11-Month CD at a Florida Bank (First Florida)
• 5.45% 7-Month CD at a Florida Bank (First Florida)
• 5.35% 6-Month CD at a North Carolina Bank (Caronlina Premier)
• 5.28% 6-Month CD at a Colorado CU (Elevations)
• 5.25% 7-Month CD at a Florida Bank (CenterState)
• 5.25% 9-Month CD at a Maryland CU - Easy Membership (Money One)
• 5.25% 9-Month CD at a Vermont/New Hampshire CU (Heritage Family)
• 5.21% 11-Month CD at a Michigan CU (Consumers)
• 5.21% 6-Month CD at a Michigan CU (Consumers)
• 5.20% 9-Month CD at a California CU (USE)
• 5.15% 11-Month CD at a Florida Bank (CenterState)
• 5.15% 5-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 5.10% 9-Month CD at a Illinois Bank (Bank of Illinois)
• 5.10% 9-Month CD at a California CU - Easy Membership (E-Central)
• 5.05% 5-Month CD at a California CU (San Mateo)
• 5.00% 6-Month CD at a California Bank (Temecula Valley)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 4.80% rate for $50k+
• Fidelity Money Market Fund - 4.74% 7-day yield ($100 bonus and other info)
• Paypal Money Market Fund - 4.64% 7-day yield (1% cashback debit MasterCard)
• Vanguard Prime Money Market Fund - 4.57% 7-day yield
• TIAA-CREF Money Market Fund - 4.50% 7-day yeild
• 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)

Update 1/6/08: Removed "not NCUA insured" notes on Patelco rates.