Bank Deals Weekly Summary for January 26, 2008
Jan 27, 2008 - 2:44 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
This week we saw the largest one-day federal funds rate cut since the 80's. The 75-basis-point rate cut at the fed's unscheduled Tuesday meeting was a shock. It might have been good news for the stock market, but it's bad news for savers. Most banks quickly responded with major rate cuts. And it looks likely we'll see at least another 25 basis-point-rate cut next Thursday at the fed's regular meeting. So we'll probably see more bank rate cuts in the next few weeks.
There were a few banks that didn't drop their rates. For savings accounts it's likely only a matter of time before those banks make cuts. OneUnited Bank is one that has held steady with the yield on its online savings account. It's still at 5.30% APY. The bank also has a $50 bonus for direct deposit (see post). The savings accounts does have some downsides, so those downsides plus the potential of a large rate cut some time in the near future should be considered before you decide to open it.
There are still two savings account promos which will guarantee a 5-percent-plus yield for the first 3 months. The best now is AmTrustDirect's e-Savings account with a yield of 5.11% APY (see post). EverBank has the other promo for its checking and money market account. EverBank's promo yield is 5.01% APY.
If you want to guarantee a 5-percent-plus yield longer than 3 months, you'll have to open a CD. Unfortunately, 5% CDs are quickly disappearing, but there are still a few left.
Short Term 5-Percent-Plus CDs
TD Ameritrade is still offering a brokered 3-month CD with a yield of 5.30% APY (see post). The new online bank Century Bank Direct still has a 5.01% APY 5-month CD (see post). IndyMac Bank has a 7-month CD special with a yield of 5.00% APY (see post). Note, IndyMac often changes rates early on Mondays.
The only 12-month CD with over a 5% APY is from Zopa which still has a yield of 5.10% APY. Zopa has partnered with six US credit unions which allows these CDs to be federally insured by the NCUA. You'll have to join one of these credit unions if you're not already a member. Many of these credit unions are easy to join (see post).
Long Term 5-Percent-Plus CDs
You'll have to go for a term of 5 years or longer to lock in a 5% or higher yield. Pentagon Federal Credit Union is still offering its 5% APY 5-year CD and 5.25% APY 7-year CD. These rates were a disappointment when these came out in late December, but these look very nice now. KeyDirect is no longer offering its 5.75% 10-year CDs, but you still can get up to 5.05% APY on both its 7 to 10 year terms. Note, these are not available in all states.
[ Update 1/27/08: Rates are dropping fast. Advanta's rate table now shows lower CD rates with the same Feb 2nd date.] I found a new bank this week that still has a 5% APY 5-year CD. It's Advanta Bank Corp. It also has yields in the high 4 percent range for the other CD terms. According to the bank's rate table, these CD rates should remain in effect through Feb 2, 2008. I wrote a review of this bank and CDs in this Thursday post. Unlike many other banks offering high yields, this one has some good financial ratings.
Local CD Deals
You might notice that my local CD list below is much shorter than in the past. I went through all of the posts since December and removed those banks that had dropped their rates. I only kept the banks and credit unions on the list which are still listing the high rates on their websites. Hopefully, their websites are up-to-date. Be sure to call to verify the rates before driving to the bank.
One good local deal that's still available that may actually be available to people from any state is at a Maryland credit union, Money One FCU. It's still offering a 5.25% APY 9-month CD which also has an add-on feature. The credit union has easy membership qualifications, however, joining and opening the CD would have to be done through the mail if you don't live nearby. I think it's likely this special isn't going to last too much longer (see post).
For those in Los Angeles, LA Financial Credit Union is still offering a 13-month special CD with a yield of 5.75% APY (see post).
For the full list of local deals, please see the Local CD section below.
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 19th, Jan 12th, Jan 5th, Dec 29th, Dec 22nd, Dec 15th, Dec 8th, Dec 1st and Nov 24th.
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 26, 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)
This week we saw the largest one-day federal funds rate cut since the 80's. The 75-basis-point rate cut at the fed's unscheduled Tuesday meeting was a shock. It might have been good news for the stock market, but it's bad news for savers. Most banks quickly responded with major rate cuts. And it looks likely we'll see at least another 25 basis-point-rate cut next Thursday at the fed's regular meeting. So we'll probably see more bank rate cuts in the next few weeks.
There were a few banks that didn't drop their rates. For savings accounts it's likely only a matter of time before those banks make cuts. OneUnited Bank is one that has held steady with the yield on its online savings account. It's still at 5.30% APY. The bank also has a $50 bonus for direct deposit (see post). The savings accounts does have some downsides, so those downsides plus the potential of a large rate cut some time in the near future should be considered before you decide to open it.
There are still two savings account promos which will guarantee a 5-percent-plus yield for the first 3 months. The best now is AmTrustDirect's e-Savings account with a yield of 5.11% APY (see post). EverBank has the other promo for its checking and money market account. EverBank's promo yield is 5.01% APY.
If you want to guarantee a 5-percent-plus yield longer than 3 months, you'll have to open a CD. Unfortunately, 5% CDs are quickly disappearing, but there are still a few left.
Short Term 5-Percent-Plus CDs
TD Ameritrade is still offering a brokered 3-month CD with a yield of 5.30% APY (see post). The new online bank Century Bank Direct still has a 5.01% APY 5-month CD (see post). IndyMac Bank has a 7-month CD special with a yield of 5.00% APY (see post). Note, IndyMac often changes rates early on Mondays.
The only 12-month CD with over a 5% APY is from Zopa which still has a yield of 5.10% APY. Zopa has partnered with six US credit unions which allows these CDs to be federally insured by the NCUA. You'll have to join one of these credit unions if you're not already a member. Many of these credit unions are easy to join (see post).
Long Term 5-Percent-Plus CDs
You'll have to go for a term of 5 years or longer to lock in a 5% or higher yield. Pentagon Federal Credit Union is still offering its 5% APY 5-year CD and 5.25% APY 7-year CD. These rates were a disappointment when these came out in late December, but these look very nice now. KeyDirect is no longer offering its 5.75% 10-year CDs, but you still can get up to 5.05% APY on both its 7 to 10 year terms. Note, these are not available in all states.
[ Update 1/27/08: Rates are dropping fast. Advanta's rate table now shows lower CD rates with the same Feb 2nd date.] I found a new bank this week that still has a 5% APY 5-year CD. It's Advanta Bank Corp. It also has yields in the high 4 percent range for the other CD terms. According to the bank's rate table, these CD rates should remain in effect through Feb 2, 2008. I wrote a review of this bank and CDs in this Thursday post. Unlike many other banks offering high yields, this one has some good financial ratings.
Local CD Deals
You might notice that my local CD list below is much shorter than in the past. I went through all of the posts since December and removed those banks that had dropped their rates. I only kept the banks and credit unions on the list which are still listing the high rates on their websites. Hopefully, their websites are up-to-date. Be sure to call to verify the rates before driving to the bank.
One good local deal that's still available that may actually be available to people from any state is at a Maryland credit union, Money One FCU. It's still offering a 5.25% APY 9-month CD which also has an add-on feature. The credit union has easy membership qualifications, however, joining and opening the CD would have to be done through the mail if you don't live nearby. I think it's likely this special isn't going to last too much longer (see post).
For those in Los Angeles, LA Financial Credit Union is still offering a 13-month special CD with a yield of 5.75% APY (see post).
For the full list of local deals, please see the Local CD section below.
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
- The Plummeting Savings Accounts and CD Rates
- A Surprise Fed Rate Cut of 75 Basis Points
- History of the High Yield Reward Checking Account
- Ads for High Rate CDs - What's the Catch?
Savings Accounts - National
- OneUnited - Still Holding at 5.30%, And Now a $50 Bonus
- AmTrustDirect's 5.11% 3-Month Guarantee on its e-Savings Account
CD Deals - National
- 5.00% 60-Month CD at Advanta Bank Corp
- 5.25% 13-Month and 7-Month CD at Superior Savings of New England - EXPIRED
- Some More Decent CD Rates That Are Still Available
- CD Rates Falling Quickly - Best Options for Locking in CD Rates
- 5.15% 7-Month CD at Indymac Bank - NOW 5.00%
- 5.10% 6 and 3-Month CDs at Countrywide in Some State - LOWER RATES NOW
Checking/Savings Account Bonuses
Reward Checking Accounts - Local
- 6.03% Reward Checking Account at a Colorado Bank (Bank of Choice)
- 6.01% Reward Checking Account at a Rhode Island Bank (NewportFed)
CD and Money Market Deals - Local
- 5.00% 6-Month CD at a Texas CU - with an add-on feature (Amplify)
- 5.25% 9-Month Add-On CD Still Available at Money One FCU (easy membership)
- 5.65% 60-Month / 5.30% 12-Month CD at a Utah CU (Intermountain)
- 5.00% 15-Month / 5.00% 60-Month CD at a Rhode Island CU (Greenwood)
- LA Financial Still Listing a 5.75% 13-Month CD Promotion
- Premier America Still Advertising 7% 7-Month 7K-Max CD in Houston
- 5.10% 7-Month / 5.00% 12-Month CD at a Dallas Bank (Equity)
- 5.00% 6-Month CD at a Tampa Bank - plus $50 Checking Bonus (Central Bank)
- 5.25% 60-Month / 5.09% 12-Month CD at a California/Arizona CU (United Methodist)
- 5.00% 10-Month CD at a Colorado CU (Boulder Valley) - EXPIRED
- 5.10% 60-Month / 5.00% 36-Month CD at a New York CU (Bethpage) - EXPIRED
- 5.00% 36-Month / 5.00% 60-Month CD at Omni National Bank - EXPIRED
- 5.30% 48-Month / 5.15% 24-Month CD at an Ohio Credit Union (TPS) - EXPIRED
- 5.27% 60-Month / 5.01% 24-Month CD at a Texas CU (Baptist)
- 5.00% 24-Month CD at a Colorado Bank (Community Banks of Colorado)
- 5.20% 12-Month / 5.35% 5-Month CD at an Illinois Bank (Evergreen Private) - EXPIRED
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 19th, Jan 12th, Jan 5th, Dec 29th, Dec 22nd, Dec 15th, Dec 8th, Dec 1st and Nov 24th.
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 26, 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
- OneUnited - 5.30% (min $1K), account review ($50 bonus)
- AmTrustDirect - 5.11% 3mo promo, (e-Savings) account review
- EverBank - 5.01% ($1.5K min), 3mo promo, account review
- Countrywide - 5.00% (min $10K), account review
- ShoreBank - 5.00%, account review ($25 bonus)
- Corus Bank - 5.00% MMA (min $10K) account review
- Doral Bank Direct - 4.85% (min $1K) account review
- Alliant Credit Union - 4.85% (min $100) account review
- Savings Square - 4.80%, account review
- Washington Mutual - 4.75% (requires checking), account review
- PFF Bank and Trust - 4.75% (min $1K), account review
- Flagstar - 4.65% MMA, account review
- AmTrustDirect - 4.60% (e-Money Market) account review
- AmboyDirect - 4.55% post ($25 bonus)
- Century Bank Direct - 4.54% (min $100) account review
- Citibank - 4.50%, requires checking account and bill pay usage, account review
- iGobanking - 4.50%, account review
- BankUnited - 4.50% (min $5K), account review
- UFB Direct - 4.50%, account review
- Presidential Bank - 4.40% (min $5K, only first $35K receives this rate), offers 3.50% checking, account review
- ETrade Bank - 4.40%, post ($25 bonus)
- FirstFedDirect - 4.35% (min $1K) (closed to CA residents), account review
- EmigrantDirect - 4.30%, account review
- BancoFortuna.com - 4.30%, account review
- Heartland Bank Direct - 4.30%, ($500 min), account review
- WTDirect - 4.30% ($10K min), account review
- FNBO Direct - 4.30%, account review
- EverBank - 4.26% ($1.5K min) account review
- HSBC Direct - 4.25%, account review
- GMAC Bank - 4.25% MMA (min $500), account review
- grand yield direct - 4.25% (min $2.5K) account review
- Zions Bank - 4.18% MMA, outside of Utah, (min $1K) (4.34% $50K+, 4.51% $100K+), account review
- Bank of America AAA/NEA - 4.11% MMA ($10K min) (4.36% for $50K+) account review
- Transportation Alliance Bank - 4.08%, ($25 min), account review
- CapitalOne/Costco - 4.05% MMA (min $5K, Costco members only, $50 deal for exec. members)
- M&T Bank - 4.05%, account review
- UmbrellaBank - 4.02% MMA (min $1K), account review
- MetLife Bank - 4.00% MMA (min $5K), post ($50 bonus)
- Capital One - 4.00% (min $10K)
- E-LOAN - 4.00% ($5K min), account review
- Direct Huntington - 4.00% ($1K min), account review
- KeyDirect - 4.00% MMA (min $50), Not all states, account review
- Imperial Capital - 3.85% MMA ($2.5K min) (4.65% for $100K+) account review
- Discover Bank - 3.82% MMA (min $10K) (3.92% for $50K+)
- Indymac Bank - 3.75% MMA (min $25K) (4.25% $75K+) account review
- ING Direct - 3.65%, (2.50% checking), post ($25 bonus)
- Salem Five Direct - 3.65% Checking (4.10% $100K+), account review
- Self-Help Credit Union - 3.63% MMA (min $500), account review
- Melrose CU - 3.55% (min $25) account review
- Capital One - 3.50% MMA, account review
- UnivestDirect - 3.50%, (2.75% checking), account review
- MyBankingDirect - 3.50% MMA (min $5K), account review
- VirtualBank - 3.30% (min $100), (4.08% $50K+/ 4.29% $100K+) offers checking, post ($20 bonus)
- Mutual Bank - 3.25% MMA (min $5K), account review
- Charles Schwab - 3.21% Checking, account review
- NewBank - 3.00% Checking, post ($50 bonus)
- Bank of America DoW - 2.92% MMA (min $10K) (3.18% for $50K+), account review
- ebank - 2.50% MMA ($10K min) (3.75% for $100K+), account review
- Tennessee Commerce Bank - 2.40% (min $10K), account review
3-Month Certificates of Deposit:
- TD Ameritrade - 5.30% (min $10K), brokered, account review
- Countrywide - 4.80% (min $10K), account review
- Imperial Capital - 4.60%, ($2K min), account review
- EverBank - 4.44% ($1.5K min)
- UmbrellaBank - 4.25% (min $1K)
- FirstFedDirect - 4.25% (min $10K), account review
- GMAC Bank - 4.20% (min $500), account review
- VirtualBank - 4.08% (min $10K), account review
- E-LOAN - 4.05% ($10K min), account review
- National Bank of KC - 4.00% (min $10K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- IndyMac Bank - 4.00% (min $5K), account review
- UFB Direct - 3.85% (min $8K)
- Element Financial - 3.65% (min $10K), account review
- Self-Help Credit Union - 3.12% (min $500), account review
- ETrade Bank - 3.10% (min $1K), account review
6-Month Certificates of Deposit:
- Century Bank Direct - 5.01% (5 mo) (min $1K) account review
- IndyMac Bank - 5.00% (7 mo) (min $5K), account review
- Doral Bank Direct - 4.85% (min $1K) account review
- Northrop Grumman FCU - 4.85% (min $40K), account review
- EverBank - 4.70% ($1.5K min)
- Corus Bank - 4.70% (min $10K) account review
- Tennessee Commerce Bank - 4.65% (min $5K)
- Western FCU - 4.60% (min $40K), account review
- Intervest - 4.60% (min $2.5K), account review
- Advanta Bank - 4.60% (min $10K), account review
- CU of Georgia - 4.59% (min $50K), account review
- Imperial Capital - 4.40%, ($2K min), account review
- iGobanking - 4.35% (min $500), account review
- Flagstar - 4.35% (min $500), account review
- FirstFedDirect - 4.25% (min $10K), account review
- NASA FCU - 4.25% (7 mo) (min $1K) account review
- GMAC Bank - 4.20% (min $500), account review
- E-LOAN - 4.15% ($10K min), account review
- La Jolla Bank - 4.10% (min $10K), account review
- AmTrustDirect - 4.00% (min $1K) account review
- National Bank of KC - 4.00% (min $10K), account review
- Countrywide - 4.00% (min $10K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- UmbrellaBank - 4.00% (min $1K)
- Washington Mutual - 4.00% (min $1K), account review
- Ascencia Bank - 4.00% (min $500), account review
- VirtualBank - 3.82% (min $10K), account review
- Bank of Internet - 3.75% (min $1K) account review
- KeyDirect - 3.75% (min $5K), Not all states, account review
- Lehman Brothers Bank - 3.72% (min $1K)
- Element Financial - 3.70% (min $10K), account review
- UFB Direct - 3.65% (min $8K)
- ING Direct - 3.65%, account review
- ETrade Bank - 3.55% (min $1K), account review
- EmigrantDirect - 3.50% (min $1K)
- Self-Help Credit Union - 3.32% (min $500), account review
- Wells Fargo - 3.15% (5 months) (min $5K), rate and min vary by state, account review
- Capital One - 3.00% (min $5K)
9-Month Certificates of Deposit:
- Doral Bank Direct - 4.85% (min $1K) account review
- Century Bank Direct - 4.75% (10 mo) (min $1K) account review
- EverBank - 4.70% ($1.5K min)
- Academy Bank - 4.60% (min $500), account review
- AmboyDirect - 4.40% (min $10K), account review
- iGobanking - 4.35% (min $500), account review
- FirstFedDirect - 4.25% (min $10K), account review
- GMAC Bank - 4.20% (min $500), account review
- Imperial Capital - 4.20% ($2K min), account review
- Countrywide - 4.00% (min $10K), account review
- National Bank of KC - 4.00% (min $10K), account review
- UmbrellaBank - 4.00% (min $1K)
- Bank of Internet - 3.75% (min $1K) account review
- AmTrustDirect - 3.75% (min $1K) account review
- Element Financial - 3.75% (min $10K), account review
- ING Direct - 3.65% (new money), account review
- VirtualBank - 3.56% (min $10K), account review
- EmigrantDirect - 3.50% (min $1K)
- IndyMac Bank - 3.35% (min $5K), account review
12-Month Certificates of Deposit:
- Zopa - 5.10% (min $500) account review
- Alliant Credit Union - 4.90% (min $25K) account review
- Tennessee Commerce Bank - 4.80% (min $5K)
- Air Force FCU - 4.80% (min $25K) restrictions to membership, account review
- Delta Community CU - 4.75% (min $1K) account review
- Intervest - 4.71% (min $2.5K), account review
- Advanta Bank - 4.70% (min $10K), account review
- CU of Georgia - 4.70% (min $50K), account review
- Doral Bank Direct - 4.65% (min $1K) account review
- Northrop Grumman FCU - 4.63% (min $40K), account review
- Western FCU - 4.60% (min $40K), account review
- EverBank - 4.50% ($1.5K min)
- Academy Bank - 4.50% (min $500), account review
- Flagstar - 4.50% (min $500), account review
- Pacific Mercantile Bank - 4.40% (min $10K) account review
- iGobanking - 4.35% (min $500), account review
- Principal Bank - 4.35% (14 mo) (min $5K), account review
- Corus Bank - 4.32% (min $10K) account review
- Melrose CU - 4.32% (min $5K) account review
- Navy FCU - 4.31% ($20K min) (4.45% for $100K+) restrictions to membership, account review
- H&R Block Bank - 4.25% (min $250) account review
- GMAC Bank - 4.20% (min $500), account review
- La Jolla Bank - 4.20% (min $10K), account review
- E-LOAN - 4.18% ($10K min), account review
- Imperial Capital - 4.10% ($2K min), account review
- Countrywide - 4.00% (min $10K), account review
- National Bank of KC - 4.00% (min $10K), account review
- Apple Bank - 4.00% (min $500) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- FirstFedDirect - 4.00%, (min $10K) account review
- NewBank - 4.00% (min $5K), account review
- Ascencia Bank - 4.00% (min $500), account review
- GTE FCU - 3.97% (min $500) account review
- Mutual Bank - 3.90% (min $1K) account review
- Element Financial - 3.90% (min $10K), account review
- First State Bank - 3.90% ($1K min), account review
- Capital One - 3.85% (min $5K)
- Discover Bank - 3.82% (min $2.5K)
- AmTrustDirect - 3.75% (min $1K) account review
- UmbrellaBank - 3.75% (min $1K)
- Transportation Alliance Bank - 3.75% ($1K min)
- Lehman Brothers Bank - 3.72% (min $1K)
- ING Direct - 3.65% (new money), account review
- VirtualBank - 3.56% (min $10K), account review
- Washington Mutual - 3.51% (min $1K), account review
- Bank of Internet - 3.50% (min $1K) account review
- EmigrantDirect - 3.50% (min $1K)
- IndyMac Bank - 3.35% (min $5K), account review
- UFB Direct - 3.30% (min $8K)
- KeyDirect - 3.25% (min $5K), Not all states, account review
- ETrade Bank - 2.85% (min $1K), account review
- Self-Help Credit Union - 2.64% (min $500), account review
18-Month Certificates of Deposit:
- Alliant Credit Union - 4.90% (17 mo) (min $25K) account review
- Intervest - 4.71% (min $2.5K), account review
- Advanta Bank - 4.70% (min $10K), account review
- Provident CU - 4.65% (16 mo) (min $1K), account review
- Doral Bank Direct - 4.55% (min $1K) account review
- Tennessee Commerce Bank - 4.55% (min $5K)
- Academy Bank - 4.55% (min $500) account review
- EverBank - 4.50% ($1.5K min)
- iGobanking - 4.35% (min $500), account review
- H&R Block Bank - 4.25% (min $250) account review
- Flagstar - 4.25% (min $500), account review
- Huntington - 4.08% (16 mo) (min $2K) account review
- GMAC Bank - 4.00% (min $500)
- National Bank of KC - 4.00% (min $10K), account review
- Capital One - 4.00% (min $5K)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- NewBank - 4.00% (min $5K), account review
- Element Financial - 3.90% (min $10K), account review
- First State Bank - 3.90% ($1K min), account review
- Discover Bank - 3.82% (min $2.5K)
- Countrywide - 3.75% (min $10K)
- Lehman Brothers Bank - 3.67% (min $1K)
- ING Direct - 3.65%, account review
- VirtualBank - 3.56% (min $10K), account review
- AmTrustDirect - 3.50% (min $1K) account review
- Bank of Internet - 3.50% (min $1K) account review
- EmigrantDirect - 3.50% (min $1K)
- IndyMac Bank - 3.10% (min $5K), account review
- ETrade Bank - 2.50% (min $1K), account review
24-Month Certificates of Deposit:
- Air Force FCU - 4.85% (min $25K) restrictions to membership, account review
- Advanta Bank - 4.75% (min $10K), account review
- Delta Community CU - 4.75% (min $1K) account review
- CU of Georgia - 4.75% (min $50K), account review
- Intervest - 4.72% (min $2.5K), account review
- Alliant Credit Union - 4.65% (min $25K) account review
- Doral Bank Direct - 4.55% (min $1K) account review
- Western FCU - 4.55% (min $40K), account review
- Tennessee Commerce Bank - 4.50% (min $5K)
- Navy FCU - 4.50% ($20K min) (4.65% for $100K+) restrictions to membership, account review
- EverBank - 4.49% ($1.5K min)
- Presidential Bank - 4.35% (min $1K)
- Melrose CU - 4.27% (min $5K) account review
- H&R Block Bank - 4.25% (min $250) account review
- Flagstar - 4.25% (min $500), account review
- Apple Bank - 4.25% (min $500) account review
- E-LOAN - 4.01% ($10K min), account review
- GMAC Bank - 4.00% (min $500)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Element Financial - 4.00% (min $10K), account review
- Ascencia Bank - 4.00% (min $500), account review
- Capital One - 4.00% (min $5K)
- National Bank of KC - 4.00% (min $10K), account review
- Northrop Grumman FCU - 3.97% (min $40K), account review
- Mutual Bank - 3.95% (min $1K) account review
- Discover Bank - 3.82% (min $2.5K)
- Countrywide - 3.75% (min $10K)
- KeyDirect - 3.75% (min $5K),Not all states, account review
- Transportation Alliance Bank - 3.75% ($1K min)
- NewBank - 3.75% (min $5K), account review
- ING Direct - 3.65%, account review
- VirtualBank - 3.56% (min $10K), account review
- Lehman Brothers Bank - 3.51% (min $1K)
- Bank of Internet - 3.50% (min $1K) account review
- AmTrustDirect - 3.50% (min $1K) account review
- IndyMac Bank - 3.15% (min $5K), account review
- UFB Direct - 3.10% (min $8K)
- Self-Help Credit Union - 2.78% (min $500), account review
36-Month Certificate of Deposit:
- Delta Community CU - 4.85% (min $1K) account review
- Air Force FCU - 4.85% (min $25K) restrictions to membership, account review
- Advanta Bank - 4.80% (min $10K), account review
- CU of Georgia - 4.80% (min $50K), account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- Western FCU - 4.75% (min $40K), account review
- Intervest - 4.74% (min $2.5K), account review
- Navy FCU - 4.65% ($20K min) (4.75% for $100K+) restrictions to membership, account review
- Patelco CU - 4.59% ($1K min), account review
- Doral Bank Direct - 4.55% (min $1K) account review
- Tennessee Commerce Bank - 4.50% (min $5K)
- Melrose CU - 4.32% (min $5K) account review
- EverBank - 4.30% ($1.5K min)
- H&R Block Bank - 4.25% (min $250) account review
- Flagstar - 4.25% (min $500), account review
- Principal Bank - 4.20% (33 mo) (min $5K), account review
- E-LOAN - 4.06% ($10K min), account review
- Mutual Bank - 4.00% (min $1K) account review
- GMAC Bank - 4.00% (min $500)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- National Bank of KC - 4.00% (min $10K), account review
- Element Financial - 4.00% (min $10K), account review
- Capital One - 4.00% (min $5K)
- Agriculture FCU - 4.00% (min $1K), account review
- KeyDirect - 4.00% (min $5K), Not all states, account review
- Discover Bank - 3.92% (min $2.5K)
- Northrop Grumman FCU - 3.80% (min $40K), account review
- Countrywide - 3.75% (min $10K)
- First State Bank - 3.75% ($1K min), account review
- Transportation Alliance Bank - 3.75% ($1K min)
- NewBank - 3.75% (min $5K), account review
- Lehman Brothers Bank - 3.72% (min $1K)
- ING Direct - 3.65%, account review
- VirtualBank - 3.56% (min $10K), account review
- Bank of Internet - 3.50% (min $1K) account review
- AmTrustDirect - 3.50% (min $1K) account review
- EmigrantDirect - 3.50% (min $1K)
- UFB Direct - 3.20% (min $8K)
- IndyMac Bank - 3.15% (min $5K), account review
- Self-Help Credit Union - 2.97% (min $500), account review
- ETrade Bank - 2.50% (min $1K), account review
48-Month Certificate of Deposit:
- Advanta Bank - 4.90% (min $10K), account review
- Western FCU - 4.85% (min $40K), account review
- CU of Georgia - 4.85% (min $50K), account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- Intervest - 4.75% (min $2.5K), account review
- Navy FCU - 4.70% ($20K min) (4.75% for $100K+) restrictions to membership, account review
- Patelco CU - 4.59% ($1K min), account review
- Doral Bank Direct - 4.55% (min $1K) account review
- Tennessee Commerce Bank - 4.50% (min $5K)
- USA FCU - 4.49% (min $1K) account review
- Melrose CU - 4.32% (min $5K) account review
- EverBank - 4.30% ($1.5K min)
- H&R Block Bank - 4.25% (min $250) account review
- Capital One - 4.25% (min $5K)
- Flagstar - 4.25% (min $500), account review
- Agriculture FCU - 4.15% (min $1K), account review
- Northrop Grumman FCU - 4.11% (min $40K), account review
- Element Financial - 4.11% (min $10K), account review
- E-LOAN - 4.11% ($10K min), account review
- GMAC Bank - 4.00% (min $500)
- KeyDirect - 4.00% (min $5K),Not all states, account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- National Bank of KC - 4.00% (min $10K), account review
- Discover Bank - 3.97% (min $2.5K)
- Lehman Brothers Bank - 3.92% (min $1K)
- Countrywide - 3.75% (min $10K)
- Washington Mutual - 3.75% (min $1K), account review
- First State Bank - 3.75% ($1K min), account review
- Transportation Alliance Bank - 3.75% ($1K min)
- ING Direct - 3.65%, account review
- VirtualBank - 3.56% (min $10K), account review
- IndyMac Bank - 3.50% (min $5K), account review
- Bank of Internet - 3.50% (min $1K) account review
- EmigrantDirect - 3.50% (min $1K)
- Self-Help Credit Union - 3.20% (min $500), account review
60-Month Certificate of Deposit:
- Pentagon Federal CU - 5.00% (min $1K), account review
- Advanta Bank - 5.00% (min $10K), account review
- CU of Georgia - 4.91% (min $50K), account review
- Navy FCU - 4.90% ($20K min) (5.05% for $100K+) restrictions to membership, account review
- Delta Community CU - 4.85% (min $1K) account review
- Intervest - 4.82% (min $2.5K), account review
- Air Force FCU - 4.80% (min $25K) restrictions to membership, account review
- Western FCU - 4.80% (min $40K) account review
- Northrop Grumman FCU - 4.77% (min $40K), account review
- Provident CU - 4.75% (min $1K), account review
- EverBank - 4.70% ($1.5K min)
- Patelco CU - 4.59% ($1K min), account review
- USA FCU - 4.59% (min $1K) account review
- Doral Bank Direct - 4.55% (min $1K) account review
- Telcom Credit Union - 4.55% (min $500) account review
- H&R Block Bank - 4.50% (min $250) account review
- Tennessee Commerce Bank - 4.50% (min $5K)
- KeyDirect - 4.50% (min $5K), Not all states, account review
- Apple Bank - 4.50% (min $500) account review
- Presidential Bank - 4.40% (min $1K)
- Melrose CU - 4.37% (min $5K) account review
- Capital One - 4.35% (min $5K)
- Agriculture FCU - 4.25% (min $1K), account review
- Flagstar - 4.25% (min $500), account review
- E-LOAN - 4.15% ($10K min), account review
- Lehman Brothers Bank - 4.13% (min $1K)
- Element Financial - 4.11% (min $10K), account review
- Discover Bank - 4.08% (min $2.5K)
- GMAC Bank - 4.00% (min $500)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- National Bank of KC - 4.00% (min $10K), account review
- ING Direct - 4.00%, account review
- Mutual Bank - 4.00% (min $51) account review
- Countrywide - 3.75% (min $10K)
- First State Bank - 3.75% ($1K min), account review
- Transportation Alliance Bank - 3.75% ($1K min)
- Washington Mutual - 3.75% (min $1K), account review
- VirtualBank - 3.56% (min $10K), account review
- UFB Direct - 3.55% (min $8K)
- IndyMac Bank - 3.50% (min $5K), account review
- Bank of Internet - 3.50% (min $1K) account review
- AmTrustDirect - 3.50% (min $1K) account review
- EmigrantDirect - 3.50% (min $1K)
- Self-Help Credit Union - 3.44% (min $500), account review
- ETrade Bank - 2.75% (min $1K), account review
84-Month Certificate of Deposit:
- Pentagon Federal CU - 5.25% (min $1K), account review
- KeyDirect - 5.00% (min $5K) (5.05% 10yr, $50K+), Not all states, account review
- Navy FCU - 4.95% ($20K min) (5.05% for $100K+) restrictions to membership, account review
- Intervest - 4.84% (min $2.5K), 5.15% for 10yr, account review
- Capital One - 4.50% (5.30% 10yr)(min $5K)
- Countrywide - 3.75% (min $10K)
- EmigrantDirect - 3.50% (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
- 4.25% 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)
- 4.45% 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
- 5.65% 60-Month CD at a Utah CU (Intermountain)
- 5.50% 60-Month CD at a Maryland CU (Prince George's Community)
- 5.30% 60-Month CD at a Utah Credit Union (Utah Community)
- 5.27% 60-Month CD at a Texas CU (Baptist)
- 5.25% 60-Month CD at a California/Arizona CU (United Methodist)
- 5.23% 60-Month CD at a Massachusetts CU (Telephone Workers')
- 5.10% 60-Month CD at a Washington State CU (NW Plus)
- 5.09% 60-Month CD at a California Bank (Savings Bank of Mendocino County)
- 5.00% 60-Month CD at a Rhode Island CU (Greenwood)
Terms of 24 Months to Under 60 Months
- 5.25% 48-Month CD at a Utah Credit Union (Utah Community)
- 5.25% 24-Month CD at a Maryland CU (Prince George's Community)
- 5.20% 29-Month CD at a Indiana CU (North Park Community)
- 5.13% 24-Month CD at a Massachusetts CU (Telephone Workers')
- 5.10% 24-Month CD at a Washington State CU (NW Plus)
- 5.09% 24-Month CD at a California Bank (Savings Bank of Mendocino County)
- 5.01% 24-Month CD at a Texas CU (Baptist)
- 5.00% 24-Month CD at a Colorado Bank (Community Banks of Colorado)
Terms of 12 Months to Under 24 Months
- 5.75% 13-Month CD at a California/Arizona CU (LA Financial)
- 5.35% 15-Month CD at a Virginia/DC Credit Union (State Department)
- 5.31% 13-Month CD at a MD/SC/MA Credit Union (Market USA)
- 5.30% 12-Month CD at a Utah CU (Intermountain)
- 5.09% 12-Month CD at a California/Arizona CU (United Methodist)
- 5.00% 12-Month CD at a Dallas Bank (Equity)
- 5.00% 15-Month CD at a Rhode Island CU (Greenwood)
Terms of Under 12 Months
- 9.00% 9-Month CD at a Colorado Credit Union Continues - $2K Max (Elevations)
- 7.00% 7-Month CD at a Texas CU - $7K Max (Premier America)
- 5.25% 11-Month CD at a Michigan CU (FEDCom)
- 5.25% 9-Month CD at a Maryland CU - Easy Membership (Money One)
- 5.20% 7-Month CD at a California CU (1st United)
- 5.15% 11-Month CD at a California CU - and up to 5.30% (Los Angeles)
- 5.15% 6-Month CD at a California CU - and up to 5.30% (Los Angeles)
- 5.10% 9-Month CD at a California CU - Easy Membership (E-Central)
- 5.10% 7-Month CD at a Dallas Bank (Equity)
- 5.00% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
- 5.00% 9-Month CD at a Indiana CU (North Park Community)
- 5.00% 6-Month CD at a Tampa Bank - plus $50 Checking Bonus (Central Bank)
- 5.00% 6-Month CD at a Texas CU - with an add-on feature (Amplify)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 4.80% rate for $50k+
- Vanguard Prime Money Market Fund - 4.46% 7-day yield
- Fidelity Money Market Fund - 4.39% 7-day yield ($100 bonus and other info)
- TIAA-CREF Money Market Fund - 4.35% 7-day yeild
- Paypal Money Market Fund - 4.29% 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)
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