Bank Deals Weekly Summary for January 12, 2008
Jan 12, 2008 - 11:08 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
With all the rate cuts this week, it took me longer to update all the rates today. Rates will likely continue to decline in the next several weeks. As this CNN article reports, "investors are now pricing in a 100 percent chance that the Fed will cut the federal funds rate by a half-point, to 3.75 percent." Some even think there's a decent chance that the Fed may cut rates before January 30 in a special meeting. So the next few weeks may be your last chance to lock into a 5-percent-plus CD. Before long we may have trouble finding rates over 4%.
Many banks cut their online savings account rates this week. Indymac Bank did a major rate cut on its Internet First Rate Money Market Account. The yield for the $25K tier dropped from 4.90% APY to 4.25% APY. The top yield of 4.75% APY now requires a minimum deposit of $75K. Emigrant Direct cut its savings account rate by 10 basis points to 4.55% APY. It also cut the rate on its Hispanic version, BancoFortuna, to this same 4.55% APY. BancoFortuna had kept the 5.05% APY for several months after the first Emigrant Direct rate cut. Capital One lowered the rates on all of its money market accounts by 25 to 30 basis points. Bank of America's DoW money market savings rate was cut by around 20 basis points on all tiers. Other online banks that cut their savings account rates this week included FirstFedDirect, UFB Direct, Grand Yield Direcdt, M&T and Discover.
Like savings account rates, CD rates also took a beating this week. If you have a CD that's nearing maturity, you need to make sure you don't let it automatically renew without checking the rate. I'm seeing more and more banks coming out with CD rates on a few terms that are unusually low. So don't assume that the renewal rate will be competitive. For example, Indymac Bank dropped the rates on its 3, 6 and 9-month CDs from 55 to 105 basis points. ETrade also had a few terms that had big rate cuts. One was the 3-month CD which had a drop of 65 basis points to 4.35% APY.
There are still some good CD deals out there. Corus Bank raised its 6-month CD rate to 5.31% APY (see post). National City brought back its 5.25% APY 48-month CD which is available in certain states (see post). The new online bank Doral continues to have competitive rates on all of its CD terms with yields ranging from 5.10% to 5.25% APY (see post). For very long terms, KeyDirect is still offering a 5.75% APY 10-year CD with a minimum deposit of $50K. All of these rates will likely drop soon, so don't delay.
The best CD deal continues to be at Alliant Credit Union which still has a 5.40% APY for a $25K minimum deposit on terms from 12 to 24 months. The credit union provides several ways in which people from any state can be eligible to join (see post and comments).
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
Savings Accounts - National
CD Deals - National
Checking/Savings Account Bonuses
Reward Checking Accounts - Local
CD and Money Market Deals - Local
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 Jan 5th, Dec 29th, Dec 22nd, Dec 15th, Dec 8th, Dec 1st, Nov 24th, Nov 17th and Nov 10th.
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 12, 2008
Checking/Savings/Money Market Accounts:
3-Month Certificates of Deposit:
6-Month Certificates of Deposit:
9-Month Certificates of Deposit:
12-Month Certificates of Deposit:
18-Month Certificates of Deposit:
24-Month Certificates of Deposit:
36-Month Certificate of Deposit:
48-Month Certificate of Deposit:
60-Month Certificate of Deposit:
84-Month Certificate of Deposit:
High Yield Checking Accounts with Conditions - Open to All
Checking and Saving Accounts at Local Banks/Credit Unions
CD Specials at Local Credit Unions/Banks Over the Last Month
Terms of 60 Months and Over
Terms of 24 Months to Under 60 Months
Terms of 12 Months to Under 24 Months
Terms of Under 12 Months
Bank Account Alternatives
Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)
With all the rate cuts this week, it took me longer to update all the rates today. Rates will likely continue to decline in the next several weeks. As this CNN article reports, "investors are now pricing in a 100 percent chance that the Fed will cut the federal funds rate by a half-point, to 3.75 percent." Some even think there's a decent chance that the Fed may cut rates before January 30 in a special meeting. So the next few weeks may be your last chance to lock into a 5-percent-plus CD. Before long we may have trouble finding rates over 4%.
Many banks cut their online savings account rates this week. Indymac Bank did a major rate cut on its Internet First Rate Money Market Account. The yield for the $25K tier dropped from 4.90% APY to 4.25% APY. The top yield of 4.75% APY now requires a minimum deposit of $75K. Emigrant Direct cut its savings account rate by 10 basis points to 4.55% APY. It also cut the rate on its Hispanic version, BancoFortuna, to this same 4.55% APY. BancoFortuna had kept the 5.05% APY for several months after the first Emigrant Direct rate cut. Capital One lowered the rates on all of its money market accounts by 25 to 30 basis points. Bank of America's DoW money market savings rate was cut by around 20 basis points on all tiers. Other online banks that cut their savings account rates this week included FirstFedDirect, UFB Direct, Grand Yield Direcdt, M&T and Discover.
Like savings account rates, CD rates also took a beating this week. If you have a CD that's nearing maturity, you need to make sure you don't let it automatically renew without checking the rate. I'm seeing more and more banks coming out with CD rates on a few terms that are unusually low. So don't assume that the renewal rate will be competitive. For example, Indymac Bank dropped the rates on its 3, 6 and 9-month CDs from 55 to 105 basis points. ETrade also had a few terms that had big rate cuts. One was the 3-month CD which had a drop of 65 basis points to 4.35% APY.
There are still some good CD deals out there. Corus Bank raised its 6-month CD rate to 5.31% APY (see post). National City brought back its 5.25% APY 48-month CD which is available in certain states (see post). The new online bank Doral continues to have competitive rates on all of its CD terms with yields ranging from 5.10% to 5.25% APY (see post). For very long terms, KeyDirect is still offering a 5.75% APY 10-year CD with a minimum deposit of $50K. All of these rates will likely drop soon, so don't delay.
The best CD deal continues to be at Alliant Credit Union which still has a 5.40% APY for a $25K minimum deposit on terms from 12 to 24 months. The credit union provides several ways in which people from any state can be eligible to join (see post and comments).
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
- It's Official. Bank of America is Buying Countrywide
- More Concerns about Countrywide
- High Deposit Rates and Banks' Narrowing Margins
Savings Accounts - National
- Emigrant Direct Lowers Savings Account Rate
- Wachovia's New Way-2-Save Account Program
- More Savings Account Rate Cuts - UFB Direct, Capital One
- Update on WaMu's Savings for Success Account
CD Deals - National
- 5.25% 48-Month CD and Money Market Special at National City Bank
- 5.31% 6-Month CD at Corus Bank - Available Nationwide
- 5.50% 4-Month Internet CD Special at Indymac Bank EXPIRED
- 5.05% 5-Month CD Special at Wachovia in Some States
Checking/Savings Account Bonuses
- $200 Bonus for Business Checking and $100 for Personal Checking at Comerica Bank
- New $25 Bonus for E*TRADE Bank's Complete Savings Account
Reward Checking Accounts - Local
- 6.01% Reward Checking Account at an Indiana Bank (Lake City)
- 5.76% Reward Checking Account at a Texas Bank (Tradition)
- 6.02% Reward Checking Account at a California CU (State Center)
CD and Money Market Deals - Local
- 5.05% 5-Month / 5.05% 12-Month CD at a Texas Bank (Bank of the Ozarks)
- 5.00% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
- 5.12% 18-Month / 5.12% 36-Month CD at a New Jersey CU (Garden Savings)
- 5.25% 60-Month CD at an Ohio CU (Kemba)
- 5.13 12-Month CD at a California CU (Valley Oak)
- 5.05% 9-Month CD at a CA/NY Credit Union (First Entertainment)
- 5.27% 6-Month CD at a Florida Bank (First Commercial) EXPIRED
- 5.25% 11-Month CD at a Michigan CU (FEDCom)
- 5.10% 24-Month CD at New Hampshire Federal Credit Union
- 5.28% 12-Month / 5.05% 24-Month at a Texas CU (Soltex)
- 5.25% 35-Month CD at an Alabama/Georgia Bank (CharterBank)
- 6.00% Money Market Promotion at a Pennsylvania Bank (Beneficial) EXPIRED
- 5.25% 9-Month CD at a Georgia Bank (Alpha Bank & Trust)
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 Jan 5th, Dec 29th, Dec 22nd, Dec 15th, Dec 8th, Dec 1st, Nov 24th, Nov 17th and Nov 10th.
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 12, 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
- BankUnited - 5.15% (min $5K), account review
- UFB Direct - 5.12%, account review
- AmTrustDirect - 5.11% 3mo promo, (e-Savings) account review
- Corus Bank - 5.10% MMA (min $10K) account review
- FNBO Direct - 5.05%, account review
- ETrade Bank - 5.05%, post ($25 bonus)
- EverBank - 5.01% ($1.5K min), 3mo promo, account review
- Savings Square - 5.00%, account review
- Doral Bank Direct - 5.00% (min $1K) account review
- UmbrellaBank - 5.00% MMA (min $1K), account review
- ShoreBank - 5.00%, account review ($25 bonus)
- FirstFedDirect - 4.95% (min $1K) (closed to CA residents), account review
- iGobanking - 4.90%, account review
- WTDirect - 4.90% ($10K min), account review
- grand yield direct - 4.85% (min $2.5K) account review
- Heartland Bank Direct - 4.80%, ($500 min), account review ($50 bonus)
- Flagstar - 4.80% MMA, account review
- Washington Mutual - 4.75% (requires checking), account review
- PFF Bank and Trust - 4.75% (min $1K), account review
- KeyDirect - 4.75% MMA (min $50), Not all states, account review
- Zions Bank - 4.60% MMA, outside of Utah, (min $1K) (5.02% $50K+), account review
- AmTrustDirect - 4.60% (e-Money Market) account review
- Direct Huntington - 4.60% ($1K min), account review
- AmboyDirect - 4.55% post ($25 bonus)
- EmigrantDirect - 4.55%, account review
- M&T Bank - 4.55%, account review
- BancoFortuna.com - 4.55%, account review
- Century Bank Direct - 4.54% (min $100) account review
- E-LOAN - 4.50% ($5K min), account review
- Citibank - 4.50%, requires checking account and bill pay usage, account review
- GMAC Bank - 4.50% MMA (min $500), account review
- Presidential Bank - 4.40% (min $5K, only first $35K receives this rate), offers 3.50% checking, account review
- Bank of America AAA/NEA - 4.32% MMA ($10K min) (4.58% for $50K+) account review
- CapitalOne/Costco - 4.30% MMA (min $5K, Costco members only, $50 deal for exec. members)
- Discover Bank - 4.28% MMA (min $10K) (4.39% for $50K+)
- EverBank - 4.26% ($1.5K min) account review
- Mutual Bank - 4.25% MMA (min $5K), account review
- UnivestDirect - 4.25%, (3.40% checking), account review
- HSBC Direct - 4.25%, account review
- MyBankingDirect - 4.25% MMA (min $5K), account review
- Capital One - 4.25% (min $10K)
- Indymac Bank - 4.25% MMA (min $25K) (4.75% $75K+) account review
- ING Direct - 4.10%, (3.15% checking), post ($25 bonus)
- Salem Five Direct - 4.10% Checking (4.30% $25K+), account review
- 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)
- Charles Schwab - 4.00% Checking, account review
- MetLife Bank - 4.00% MMA (min $5K), post ($50 bonus)
- Capital One - 4.00% MMA, account review
- Bank of America DoW - 3.94% MMA (min $10K) (4.20% for $50K+), 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 - 3.21% (min $10K), account review
- ebank - 2.75% MMA ($10K min), account review
3-Month Certificates of Deposit:
- TD Ameritrade - 5.30% (min $10K), brokered, account review
- IndyMac Bank - 5.25% (4 month) (min $5K), account review
- Countrywide - 5.25% (min $10K), account review
- UmbrellaBank - 5.10% (min $1K)
- FirstFedDirect - 5.01% (min $10K), 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
- ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
- EverBank - 4.75% ($1.5K min)
- Element Financial - 4.65% (min $10K), account review
- UFB Direct - 4.55% (min $8K)
- GMAC Bank - 4.50% (min $500), account review
- National Bank of KC - 4.35% (min $10K), account review
- ETrade Bank - 4.35% (min $1K), account review
- Self-Help Credit Union - 3.94% (min $500), account review
6-Month Certificates of Deposit:
- Corus Bank - 5.31% (min $10K) account review
- Doral Bank Direct - 5.25% (min $1K) account review
- Superior Savings - 5.25% (7 mo) (min $500) account review
- Countrywide - 5.25% (min $10K), account review
- UmbrellaBank - 5.17% (min $1K)
- Ascencia Bank - 5.11% (min $500), account review
- Washington Mutual - 5.10% (min $1K), account review
- FirstFedDirect - 5.05% (min $10K), account review
- Century Bank Direct - 5.01% (5 mo) (min $1K) account review
- Flagstar - 5.00% (min $500), account review
- ETrade Bank - 5.00% (min $1K), account review
- Northrop Grumman FCU - 4.99% (min $40K), account review
- CU of Georgia - 4.91% (min $50K), account review
- NASA FCU - 4.90% (7 mo) (min $1K) account review
- E-LOAN - 4.86% ($10K min), account review
- Imperial Capital - 4.85%, ($2K min), account review
- LaSalle Bank - 4.85% (5 mo)(min $10K), account review
- Tennessee Commerce Bank - 4.80% (min $5K)
- La Jolla Bank - 4.80% (min $10K), account review
- EverBank - 4.79% ($1.5K min)
- ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
- Intervest - 4.75% (min $2.5K), account review
- KeyDirect - 4.75% (min $5K), Not all states, account review
- Lehman Brothers Bank - 4.71% (min $1K)
- Western FCU - 4.70% (min $40K), account review
- Bank of Internet - 4.70% (min $1K) account review
- Element Financial - 4.70% (min $10K), account review
- EmigrantDirect - 4.55% (min $1K)
- ING Direct - 4.55%, account review
- GMAC Bank - 4.50% (min $500), account review
- iGobanking - 4.50% (min $500), account review
- IndyMac Bank - 4.50% (min $5K), account review
- National Bank of KC - 4.35% (min $10K), account review
- UFB Direct - 4.35% (min $8K)
- AmTrustDirect - 4.25% (min $1K) account review
- Wells Fargo - 4.15% (5 months) (min $5K), rate and min vary by state, account review
- Self-Help Credit Union - 4.14% (min $500), account review
- VirtualBank - 4.08% (min $10K), account review
- Capital One - 3.00% (min $5K)
9-Month Certificates of Deposit:
- Doral Bank Direct - 5.25% (min $1K) account review
- FNBO Direct - 5.25% (min $500) account review
- Countrywide - 5.10% (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)
- Imperial Capital - 4.75% ($2K min), account review
- Century Bank Direct - 4.75% (10 mo) (min $1K) account review
- Bank of Internet - 4.70% (min $1K) account review
- Element Financial - 4.70% (min $10K), account review
- EmigrantDirect - 4.55% (min $1K)
- ING Direct - 4.55% (new money), account review
- 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
- IndyMac Bank - 4.00% (min $5K), account review
12-Month Certificates of Deposit:
- Alliant Credit Union - 5.40% (min $25K) account review
- Doral Bank Direct - 5.15% (min $1K) account review
- Zopa - 5.10% (min $500) account review
- CU of Georgia - 5.06% (min $50K), account review
- Principal Bank - 5.05% (14 mo) (min $5K), account review
- Countrywide - 5.05% (min $10K), account review
- Ascencia Bank - 5.03% (min $500), account review
- Pacific Mercantile Bank - 5.03% (min $10K) account review
- Apple Bank - 5.02% (min $500) account review
- UmbrellaBank - 5.02% (min $1K)
- Air Force FCU - 5.00% (min $25K) restrictions to membership, account review
- NewBank - 5.00% (min $5K), account review
- FirstFedDirect - 5.00%, (min $10K) account review
- E-LOAN - 4.97% ($10K min), account review
- Huntington - 4.90% (14 mo) (min $2K) account review
- Element Financial - 4.90% (min $10K), account review
- La Jolla Bank - 4.90% (min $10K), account review
- Flagstar - 4.90% (min $500), 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)
- Washington Mutual - 4.80% (min $1K), account review
- Academy Bank - 4.80% (min $500), account review
- Northrop Grumman FCU - 4.78% (min $40K), account review
- Delta Community CU - 4.75% (min $1K) account review
- Western FCU - 4.75% (min $40K), account review
- ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
- First State Bank - 4.75% ($1K min), account review
- FNBO Direct - 4.75% (min $500) account review
- EverBank - 4.71% ($1.5K min)
- Bank of Internet - 4.70% (min $1K) account review
- Transportation Alliance Bank - 4.70% ($1K min)
- GTE FCU - 4.70% (min $500) account review
- Corus Bank - 4.69% (min $10K) account review
- Lehman Brothers Bank - 4.65% (min $1K)
- Imperial Capital - 4.60% ($2K min), account review
- Navy FCU - 4.55% ($20K min) restrictions to membership, account review
- EmigrantDirect - 4.55% (min $1K)
- Discover Bank - 4.55% (min $2.5K)
- ING Direct - 4.55% (new money), account review
- Capital One - 4.55% (min $5K)
- iGobanking - 4.50% (min $500), account review
- ETrade Bank - 4.50% (min $1K), account review
- GMAC Bank - 4.40% (min $500), account review
- National Bank of KC - 4.35% (min $10K), account review
- H&R Block Bank - 4.25% (min $250) account review
- AmTrustDirect - 4.25% (min $1K) account review
- KeyDirect - 4.25% (min $5K), Not all states, account review
- IndyMac Bank - 4.20% (min $5K), account review
- VirtualBank - 4.08% (min $10K), account review
- UFB Direct - 4.00% (min $8K)
- Mutual Bank - 3.90% (min $1K) account review
- Self-Help Credit Union - 3.62% (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
- Intervest - 4.90% (min $2.5K), account review
- Flagstar - 4.86% (min $500), account review
- Academy Bank - 4.85% (min $500) account review
- ebank - 4.75% (min $1K), 5.00% for ePremium checking customers
- First State Bank - 4.75% ($1K min), account review
- Countrywide - 4.75% (min $10K)
- EverBank - 4.71% ($1.5K min)
- Element Financial - 4.70% (min $10K), account review
- Lehman Brothers Bank - 4.65% (min $1K)
- Tennessee Commerce Bank - 4.65% (min $5K)
- Capital One - 4.60% (min $5K)
- EmigrantDirect - 4.55% (min $1K)
- iGobanking - 4.50% (min $500), account review
- FNBO Direct - 4.50% (min $500) account review
- ING Direct - 4.50%, account review
- Discover Bank - 4.49% (min $2.5K)
- Bank of Internet - 4.45% (min $1K) account review
- National Bank of KC - 4.35% (min $10K), account review
- H&R Block Bank - 4.25% (min $250) account review
- AmTrustDirect - 4.25% (min $1K) account review
- GMAC Bank - 4.20% (min $500)
- VirtualBank - 4.08% (min $10K), account review
- ETrade Bank - 3.75% (min $1K), account review
- IndyMac Bank - 3.55% (min $5K), 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
- Air Force FCU - 5.00% (min $25K) restrictions to membership, account review
- Intervest - 4.93% (min $2.5K), account review
- Flagstar - 4.86% (min $500), account review
- Melrose CU - 4.84% (min $5K) account review
- Delta Community CU - 4.75% (min $1K) account review
- Countrywide - 4.75% (min $10K)
- NewBank - 4.75% (min $5K), account review
- E-LOAN - 4.71% ($10K min), account review
- Transportation Alliance Bank - 4.70% ($1K min)
- National Bank of KC - 4.70% (min $10K), account review
- Navy FCU - 4.65% ($20K min) restrictions to membership, account review
- Lehman Brothers Bank - 4.65% (min $1K)
- ING Direct - 4.65%, account review
- Element Financial - 4.65% (min $10K), account review
- EverBank - 4.60% ($1.5K min)
- Western FCU - 4.60% (min $40K), account review
- Capital One - 4.60% (min $5K)
- Tennessee Commerce Bank - 4.60% (min $5K)
- Ascencia Bank - 4.58% (min $500), account review
- KeyDirect - 4.50% (min $5K),Not all states, account review
- Bank of Internet - 4.50% (min $1K) account review
- FNBO Direct - 4.50% (min $500) account review
- Discover Bank - 4.49% (min $2.5K)
- Northrop Grumman FCU - 4.39% (min $40K), account review
- ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
- Presidential Bank - 4.35% (min $1K)
- H&R Block Bank - 4.25% (min $250) account review
- GMAC Bank - 4.10% (min $500)
- VirtualBank - 4.08% (min $10K), account review
- AmTrustDirect - 4.00% (min $1K) account review
- Mutual Bank - 3.95% (min $1K) account review
- UFB Direct - 3.70% (min $8K)
- IndyMac Bank - 3.40% (min $5K), account review
- Self-Help Credit Union - 3.24% (min $500), account review
36-Month Certificate of Deposit:
- CU of Georgia - 5.22% (min $50K), account review
- Air Force FCU - 5.10% (min $25K) restrictions to membership, account review
- Doral Bank Direct - 5.10% (min $1K) account review
- KeyDirect - 5.00% (min $5K),Not all states, account review
- Intervest - 4.95% (min $2.5K), account review
- Principal Bank - 4.90% (33 mo) (min $5K), account review
- Flagstar - 4.86% (min $500), account review
- Delta Community CU - 4.85% (min $1K) account review
- Melrose CU - 4.84% (min $5K) account review
- Navy FCU - 4.80% ($20K min) restrictions to membership, account review
- Patelco CU - 4.80% ($1K min), account review
- Countrywide - 4.75% (min $10K)
- NewBank - 4.75% (min $5K), account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- Western FCU - 4.75% (min $40K), account review
- Lehman Brothers Bank - 4.71% (min $1K)
- E-LOAN - 4.71% ($10K min), account review
- Transportation Alliance Bank - 4.70% ($1K min)
- Element Financial - 4.70% (min $10K), account review
- First State Bank - 4.65% ($1K min), account review
- Agriculture FCU - 4.65% (min $1K), account review
- Capital One - 4.60% (min $5K)
- EmigrantDirect - 4.55% (min $1K)
- Tennessee Commerce Bank - 4.55% (min $5K)
- ING Direct - 4.50%, account review
- EverBank - 4.49% ($1.5K min)
- Discover Bank - 4.49% (min $2.5K)
- ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
- National Bank of KC - 4.35% (min $10K), account review
- Bank of Internet - 4.25% (min $1K) account review
- H&R Block Bank - 4.25% (min $250) account review
- AmTrustDirect - 4.25% (min $1K) account review
- GMAC Bank - 4.20% (min $500)
- Northrop Grumman FCU - 4.20% (min $40K), account review
- VirtualBank - 4.08% (min $10K), account review
- Mutual Bank - 4.00% (min $1K) account review
- UFB Direct - 3.80% (min $8K)
- ETrade Bank - 3.75% (min $1K), account review
- IndyMac Bank - 3.50% (min $5K), account review
- Self-Help Credit Union - 3.33% (min $500), account review
48-Month Certificate of Deposit:
- CU of Georgia - 5.27% (min $50K), account review
- National City - 5.25% (min $10K), not all states, account review
- Doral Bank Direct - 5.10% (min $1K) account review
- Patelco CU - 5.00% ($1K min), account review
- Intervest - 4.96% (min $2.5K), account review
- Flagstar - 4.86% (min $500), account review
- Navy FCU - 4.85% ($20K min) restrictions to membership, account review
- Western FCU - 4.85% (min $40K), account review
- Melrose CU - 4.84% (min $5K) account review
- Element Financial - 4.80% (min $10K), account review
- Lehman Brothers Bank - 4.76% (min $1K)
- USA FCU - 4.75% (min $1K) account review
- Countrywide - 4.75% (min $10K)
- Pentagon Federal CU - 4.75% (min $1K), account review
- Washington Mutual - 4.75% (min $1K), account review
- Agriculture FCU - 4.75% (min $1K), account review
- Capital One - 4.75% (min $5K)
- E-LOAN - 4.71% ($10K min), account review
- Transportation Alliance Bank - 4.70% ($1K min)
- First State Bank - 4.65% ($1K min), account review
- EmigrantDirect - 4.55% (min $1K)
- Tennessee Commerce Bank - 4.55% (min $5K)
- KeyDirect - 4.50% (min $5K),Not all states, account review
- ING Direct - 4.50%, account review
- EverBank - 4.49% ($1.5K min)
- Discover Bank - 4.49% (min $2.5K)
- Northrop Grumman FCU - 4.47% (min $40K), account review
- ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
- National Bank of KC - 4.35% (min $10K), account review
- GMAC Bank - 4.30% (min $500)
- Bank of Internet - 4.25% (min $1K) account review
- H&R Block Bank - 4.25% (min $250) account review
- VirtualBank - 4.08% (min $10K), account review
- IndyMac Bank - 3.65% (min $5K), account review
- Self-Help Credit Union - 3.50% (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
- Doral Bank Direct - 5.10% (min $1K) account review
- Apple Bank - 5.05% (min $500) account review
- Provident CU - 5.01% (min $1K), account review
- Patelco CU - 5.00% ($1K min), account review
- Pentagon Federal CU - 5.00% (min $1K), account review
- Northrop Grumman FCU - 4.99% (min $40K), account review
- Intervest - 4.97% (min $2.5K), account review
- Western FCU - 4.95% (min $40K) account review
- Melrose CU - 4.94% (min $5K) account review
- Navy FCU - 4.90% ($20K min) restrictions to membership, account review
- Air Force FCU - 4.90% (min $25K) restrictions to membership, account review
- Element Financial - 4.90% (min $10K), account review
- Lehman Brothers Bank - 4.86% (min $1K)
- Flagstar - 4.86% (min $500), account review
- USA FCU - 4.85% (min $1K) account review
- Delta Community CU - 4.85% (min $1K) account review
- Agriculture FCU - 4.85% (min $1K), account review
- Capital One - 4.85% (min $5K)
- E-LOAN - 4.81% ($10K min), account review
- EverBank - 4.79% ($1.5K min)
- Mutual Bank - 4.75% (min $5K) account review
- Countrywide - 4.75% (min $10K)
- Washington Mutual - 4.75% (min $1K), account review
- KeyDirect - 4.75% (min $5K), Not all states, account review
- First State Bank - 4.70% ($1K min), account review
- Transportation Alliance Bank - 4.70% ($1K min)
- ING Direct - 4.70%, account review
- Discover Bank - 4.60% (min $2.5K)
- EmigrantDirect - 4.55% (min $1K)
- Tennessee Commerce Bank - 4.55% (min $5K)
- H&R Block Bank - 4.50% (min $250) account review
- Bank of Internet - 4.40% (min $1K) account review
- GMAC Bank - 4.40% (min $500)
- Presidential Bank - 4.40% (min $1K)
- ebank - 4.35% (min $1K), 4.60% for ePremium checking customers
- National Bank of KC - 4.35% (min $10K), account review
- AmTrustDirect - 4.25% (min $1K) account review
- VirtualBank - 4.08% (min $10K), account review
- UFB Direct - 4.05% (min $8K)
- ETrade Bank - 3.75% (min $1K), account review
- Self-Help Credit Union - 3.69% (min $500), account review
- IndyMac Bank - 3.65% (min $5K), account review
84-Month Certificate of Deposit:
- KeyDirect - 5.50% (min $5K) (5.75% 10yr, $50K+), Not all states, account review
- Pentagon Federal CU - 5.25% (min $1K), account review
- Capital One - 5.15% (5.30% 10yr)(min $5K)
- Intervest - 4.99% (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)
- 5.30% 60-Month CD at a Indiana CU (Pro Fed)
- 5.25% 60-Month CD at a Chicago Bank (Broadway)
- 5.25% 60-Month CD at a Ohio CU (Kemba)
- 5.25% 60-Month CD at a Pennsylvania CU (Diamond)
- 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% 35-Month CD at a Alabama/Georgia Bank (CharterBank)
- 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')
- 5.12% 36-Month CD at a New Jersey CU (Garden Savings)
- 5.05% 24-Month CD at a Texas CU (Soltex)
- 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)
- 5.28% 12-Month CD at a Texas CU (Soltex)
- 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% 18-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)
- 5.05% 12-Month CD at a Texas Bank (Bank of the Ozarks)
- 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% 9-Month CD at a Georgia Bank (Alpha Bank & Trust)
- 5.25% 11-Month CD at a Michigan CU (FEDCom)
- 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)
- 5.10% 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% 9-Month CD at a CA/NY Credit Union (First Entertainment)
- 5.05% 5-Month CD at a Texas Bank (Bank of the Ozarks)
- 5.05% 5-Month CD at a California CU (San Mateo)
- 5.00% 6-Month CD at a California Bank (Temecula Valley)
- 5.00% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 4.80% rate for $50k+
- Fidelity Money Market Fund - 4.64% 7-day yield ($100 bonus and other info)
- Paypal Money Market Fund - 4.61% 7-day yield (1% cashback debit MasterCard)
- Vanguard Prime Money Market Fund - 4.55% 7-day yield
- TIAA-CREF Money Market Fund - 4.55% 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)
Featured Accounts
Related Posts
Useful Resources
Nationwide Savings Accounts
ProfessorB (anonymous) - #1, Sunday, January 13, 2008 - 5:21 AM
Umbrella Bank's savings intro APY is 5.35% as of today.
Anonymous - #2, Sunday, January 13, 2008 - 10:44 AM
Hey buddy,
premier america credit union advertised in sunday paper about 7%, 7K for 7 months in houston chronicle. I could not find it on their website (premier.org) though.
Anonymous - #3, Sunday, January 13, 2008 - 2:27 PM
I am glad I was able to lock in a 6% add-on 13 month CD back in Aug 2007 at Bank of Choice in Colorado. This add on feature is the best, I did not have to lock in all my money at once, and can continue to add money to the CD until Sept. 22 2008. Hopefully the rates will start to come up by then.
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