Bank Deals Weekly Summary for February 16, 2008

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

This was yet another week of widespread cuts in savings account and CD rates by the banks. The next Fed meeting is March 18th, and it seems likely that we'll see another 50-basis-point rate cut. Instead of making one or two large cuts, many of the online banks are spreading out the cuts over several weeks.

Savings Accounts

OneUnited's savings account yield of 5.15% APY is now far ahead of the other online banks. Countrywide Bank had been in second place last week, but yesterday they lowered their savingslink rate from 4.75% to 4.50% APY. It has been almost 2 weeks since OneUnited's first rate cut (15 basis points). So if OneUnited has decided on the slow-drop strategy, they seem intent to go slowly. It'll be interesting to see if they continue 15-basis-point rate cuts.

Some of the other online banks that cut rates this week include E*TRADE, WaMu, E-LOAN, Grand Yield Direct, Zions, WTDirect, Amboy Direct, and iGOBanking. Many banks also dropped their CD rates. I'm afraid in a few weeks, there may be very few 4-percent-plus savings accounts and CDs left.

Even through Amboy Direct lowered the yield on its Premium Savings Account from 4.00% to 3.75% APY this week, they still offer 4.25% APY on its eSavings Account for balances over $3K. Plus, they have a $50 bonus for this account (see post).

Savings and Checking Account Bonuses

New account bonuses can help soften the blow of these lower rates. In addition to Amboy, I posted on new bonuses from E*TRADE, Chase, Discover Bank and several other smaller banks. Be sure to check carefully with the bank for the promotion details. I often contact the bank's customer service for the details, but sometimes I may miss a detail or receive the wrong info from the banking rep. Please see the recap section below for the full list of these new promotions.

CD Rates

Credit unions continue to offer the best CD rates. This week all the top CD rates for terms of 9 months and longer are from credit unions. The only exception is for a 84-month term in which KeyDirect matches Pentagon FCU's yield of 5.00% APY. Part of this reason is likely due to the fact that many credit unions normally only change their rates once a month. So I'm sure we'll see much lower rates in March. So you still have some time to lock in a decent rate that's close to 5%.

Two good CD deals continue at Alliant Credit Union (4.90% APY for 12-to-17 month terms for $25K minimum) and at Pentagon FCU (4.50% to 5.00% APY for 36 to 84 month terms). Joining an association open to all can qualify you in joining both to these. I consider these credit unions as having easy membership, and I include these in my main CD lists below.

I added two more easy membership credit unions this week. The first is Mountain America Credit Union which is based in Utah. Like many Utah credit unions, it has very competitive CD rates. Currently, their best CD deal is a 4.65% APY 15-month CD special (see post). The second easy membership credit union that I added this week is Air Academy FCU which is based in Colorado. They just ended a 5% 12-month CD special yesterday. However, their standard CD rates are very competitive with yields as high as 4.80% APY for a 60-month term. Also, they offer a high yield reward checking account with a yield of 6.01% APY for balances up to $50K (see post).

High Yield Reward Checking

Reward checking accounts continue to be holding rates better than the online savings accounts. Plus, new reward checking accounts are popping up each week. I posted on 3 new ones this week (see recap section below). These only have yields in the 5 percent range instead of six percent, so this is a sign that reward checking isn't immune to the rate environment. But 5% is now much better than all the online savings account rates except at OneUnited. I don't know if this will last. As I mentioned before, I think the best we can hope for are reward checking yields that are one percent higher than the online savings account yields. That's probably more of a hope than an educated prediction. The nice thing about most of these reward checking accounts is that they have no maintenance fees or minimum balance requirements. So if the rates do fall too much, just use your online bank account to transfer out the money.

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

Savings Accounts - National

• More Savings Account and CD Rate Cuts
• More Savings Account Rate Cuts
• E*TRADE Update - Rate Drops, Savings Account Bonus, Financial Health

CD Deals - National

• High Yield CDs at Air Academy FCU - Easy Membership
• 4.65% 15-Month / 4.50% 9-Month CD at a Utah CU - Easy Membership (Mountain America)
• 4.80% 5-Month CD at Countrywide Bank EXPIRED

Checking/Savings Account Bonuses

• $100 Checking Account Bonus at a Washington State CU (Sound)
• Update on Amboy Direct Savings Accounts - New Rates and $50 Bonus
• Another Chase $125 Checking Account Bonus
• $150 Checking Account Bonus at Imperial Capital Bank
• $200 Checking Account Bonus with Direct Deposit at Metropolitan National Bank
• New Account Bonus ($20-$100) at Discover Bank
• $100 Checking Account Bonus at a NJ/PA/DE Bank (The Bank/Fulton)

Reward Checking Accounts

• 5.51% Reward Checking Account at Sutton Bank Available in OH, MI, IN, KY and WV
• 5.01% Reward Checking Account at a North Carolina CU - Easy Membership (Coastal)
• High Yield Reward Checking Gets More Publicity - Wall Street Journal Article
• 5.01% Reward Checking Account at an Arkansas Bank (The Bank of Fayetteville)

CD and Money Market Deals - Local

• 5.00% 12-Month / 4.80% 60-Month CD at a Colorado Bank (New Frontier)
• 4.85% 60-Month / 4.60% 12-Month CD at a Texas CU (Dallas Telco)
• 5.20% 60-Month / 5.00% 36-Month CD at a DC Credit Union (Library of Congress)
• 5.00% 12-Month CD at a Colorado CU (Air Academy) EXPIRED
• 5.00% 6-Month CD at a Georgia Bank (Integrity Bank)
• 4.85% 60-Month / 4.25% 12-Month CD at Philadelphia Federal Credit Union
• 4.10% 24-Month CD at a Washington State Bank (Westsound)
• 4.84% 7-Month / 4.84% 13-Month CD at The Credit Union of Alabama
• 5.05% 24-Month CD at an Illinois CU - ASI-Insured Only (Abbott Laboratories Employees)
• 4.75% 60-Month / 4.70% 24-Month CD at an Arizona CU (First)
• 5.00% 9-Month CD at a VA/NC Credit Union (Call)
• 4.50% 48-Month CD at National City Bank EXPIRED
• 4.00% 48-Month CD at an Ohio Bank (Community National)
• 4.50% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
• 4.75% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 4.84% 15-Month CD at a Virginia/DC Credit Union (State Department)
• 5.01% 24-Month / 5.00% 12-Month CD at a Texas Credit Union (Baptist)
• 4.00% 60-Month CD at a California CU - IRA/Easy Membership (Provident)
• 4.25% 12-Month / 4.50% 60-Month CD at a Michigan CU (Michigan Schools & Government)

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 Feb 9th, Feb 2nd, Jan 26th, Jan 19th, Jan 12th, Jan 5th, Dec 29th, Dec 22nd and Dec 15th.

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 February 16, 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 - 5.15% (min $1K), account review ($50 bonus)
• Century Bank Direct - 4.54% (min $100) account review
• EverBank - 4.51% ($1.5K min), 3mo promo, account review
• Provident Direct - 4.50%, account review
• Countrywide - 4.50% (min $10K), account review
• GCF Bank - 4.47% (min $100), 3-mo promo, account review
• Alliant Credit Union - 4.35% (min $100) account review
• Amboy Direct - 4.25% (min $3K) (eSavings) account & $50 bonus review
• Savings Square - 4.25%, account review
• Flagstar - 4.25% MMA, account review
• Corus Bank - 4.22% MMA (min $10K) account review
• ShoreBank - 4.15%, account review ($25 bonus)
• AmTrustDirect - 4.10% (e-Savings) account review
• ETrade Bank - 4.10%, post ($25 bonus)
• iGobanking - 4.05%, account review
• UmbrellaBank - 4.02% MMA (min $1K), account review
• WTDirect - 4.01% ($10K min), account review
• BankUnited - 4.00% (min $5K), account review
• Citibank - 4.00% (Ultimate Money) requires chking & bill pay, account review
• Capital One - 4.00% (Savings) (min $10K)
• UFB Direct - 4.00%, account review
• grand yield direct - 4.00% (min $2.5K) account review
• Washington Mutual - 4.00% (requires checking), account review
• Zions Bank - 3.87% MMA, outside of Utah, (min $1K) (3.98% $50K+, 4.08% $100K+), account review
• FNBO Direct - 3.85%, account review
• Heartland Bank Direct - 3.80%, ($500 min), account review
• Doral Bank Direct - 3.75% (min $1K) account review
• AmboyDirect - 3.75% (Premium Savings) post ($25 bonus)
• CapitalOne/Costco - 3.70% MMA (min $5K, Costco members only, $50 deal for exec. members)
• M&T Bank - 3.70%, account review
• BancoFortuna.com - 3.60%, account review
• EmigrantDirect - 3.60%, account review
• Discover Bank - 3.56% MMA (min $10K) (3.66% for $50K+)
• HSBC Direct - 3.55%, account review
• Melrose CU - 3.55% (min $25) account review
• EverBank - 3.51% ($1.5K min) account review
• AmTrustDirect - 3.50% (e-Money Market) (3.75% $25K+, 4% $50K+) account review
• KeyDirect - 3.50% MMA (min $50), Not all states, account review
• GMAC Bank - 3.50% MMA (min $500), account review
• Salem Five Direct - 3.50% Checking (4.00% $100K+), account review
• Capital One - 3.50% MMA, account review
• Direct Huntington - 3.50% ($1K min), account review
• Presidential Bank - 3.50% (min $5K, only first $35K receives this rate), offers 2.75% checking, account review
• E-LOAN - 3.50% ($5K min), account review
• UnivestDirect - 3.40%, (2.50% checking), account review
• ING Direct - 3.40%, (2.25% checking), post ($25 bonus)
• FirstFedDirect - 3.40% (min $1K) (closed to CA residents), account review
• Bank of America AAA/NEA - 3.37% MMA ($10K min) (3.63% for $50K+) account review
• MetLife Bank - 3.25% MMA (min $5K), post ($50 bonus)
• MyBankingDirect - 3.25% MMA (min $5K), account review
• PFF Bank and Trust - 3.25% (min $1K), account review
• VirtualBank - 3.05% (min $100), (3.82% $50K+/ 4.08% $100K+) offers checking, post ($20 bonus)
• Charles Schwab - 3.01% Checking, account review
• NewBank - 3.00% Checking, post ($50 bonus)
• Indymac Bank - 3.00% MMA (min $25K) (4.00% $75K+) account review
• Transportation Alliance Bank - 3.00%, ($25 min), account review
• Imperial Capital - 3.00% MMA ($2.5K min) (3.65% for $100K+) account review
• Mutual Bank - 2.75% MMA (min $5K), account review
• Bank of America DoW - 2.65% MMA (min $10K) (2.91% for $50K+), account review
• ebank - 2.50% MMA ($10K min) (3.75% for $100K+), account review
• Self-Help Credit Union - 2.29% MMA (min $500), account review
• Tennessee Commerce Bank - 2.08% (min $10K), account review

3-Month Certificates of Deposit:

• IndyMac Bank - 4.25% (min $5K), account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• EverBank - 3.81% ($1.5K min)
• VirtualBank - 3.77% (min $10K), account review
• UmbrellaBank - 3.75% (min $1K)
• Countrywide - 3.75% (min $10K), account review
• FirstFedDirect - 3.70% (min $10K), account review
• Imperial Capital - 3.65%, ($2K min), account review
• GMAC Bank - 3.50% (min $500), account review
• National Bank of KC - 3.40% (min $10K), account review
• E-LOAN - 3.35% ($10K min), account review
• UFB Direct - 3.15% (min $8K)
• Element Financial - 3.15% (min $10K), account review
• ETrade Bank - 3.00% (min $1K), account review
• Self-Help Credit Union - 2.66% (min $500), account review

6-Month Certificates of Deposit:

• Countrywide - 4.45% (min $10K), account review
• Century Bank Direct - 4.21% (5 mo) (min $1K) account review
• Northrop Grumman FCU - 4.17% (min $40K), account review
• Air Academy FCU - 4.10% (min $10K) account review
• Mountain America CU - 4.10% (min $1K) account review
• Corus Bank - 4.06% (min $10K) account review
• Western FCU - 4.05% (min $40K), account review
• CU of Georgia - 4.02% (min $50K), account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• NASA FCU - 4.00% (5 mo) (min $5K) account review
• Flagstar - 3.91% (min $500), account review
• iGobanking - 3.85% (min $500), account review
• La Jolla Bank - 3.80% (min $10K), account review
• Doral Bank Direct - 3.75% (min $1K) account review
• EverBank - 3.75% ($1.5K min)
• UmbrellaBank - 3.75% (min $1K)
• Lehman Brothers Bank - 3.72% (min $1K)
• ING Direct - 3.65%, account review
• Intervest - 3.65% (min $2.5K), account review
• FirstFedDirect - 3.65% (min $10K), account review
• Tennessee Commerce Bank - 3.55% (min $5K)
• VirtualBank - 3.51% (min $10K), account review
• Ascencia Bank - 3.51% (min $500), account review
• Washington Mutual - 3.51% (min $1K), account review
• AmTrustDirect - 3.50% (min $1K) account review
• GMAC Bank - 3.50% (min $500), account review
• National Bank of KC - 3.50% (min $10K), account review
• Imperial Capital - 3.50%, ($2K min), account review
• E-LOAN - 3.45% ($10K min), account review
• ETrade Bank - 3.40% (min $1K), account review
• IndyMac Bank - 3.25% (min $5K), account review
• Element Financial - 3.20% (min $10K), account review
• Bank of Internet - 3.20% (min $1K) account review
• Advanta Bank - 3.10% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• Capital One - 3.00% (min $5K)
• UFB Direct - 2.95% (min $8K)
• Wells Fargo - 2.90% (5 months) (min $5K), rate and min vary by state, account review
• Self-Help Credit Union - 2.87% (min $500), account review
• KeyDirect - 2.85% (min $5K), Not all states, account review

9-Month Certificates of Deposit:

• Mountain America CU - 4.50% (min $1K) account review
• AmboyDirect - 4.25% (min $10K), account review
• Academy Bank - 4.00% (min $500), account review
• iGobanking - 3.85% (min $500), account review
• Doral Bank Direct - 3.75% (min $1K) account review
• EverBank - 3.75% ($1.5K min)
• Century Bank Direct - 3.64% (10 mo) (min $1K) account review
• Countrywide - 3.50% (min $10K), account review
• GMAC Bank - 3.50% (min $500), account review
• National Bank of KC - 3.50% (min $10K), account review
• UmbrellaBank - 3.50% (min $1K)
• Imperial Capital - 3.50% ($2K min), account review
• ING Direct - 3.40% (new money), account review
• FirstFedDirect - 3.40% (min $10K), account review
• Element Financial - 3.35% (min $10K), account review
• Bank of Internet - 3.20% (min $1K) account review
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• IndyMac Bank - 2.90% (min $5K), account review
• AmTrustDirect - 2.50% (min $1K) account review

12-Month Certificates of Deposit:

• Alliant Credit Union - 4.90% (min $25K) account review
• Mountain America CU - 4.65% (15 mo) (min $1K) account review
• Air Academy FCU - 4.60% (min $10K) account review
• Northrop Grumman FCU - 4.37% (min $40K), account review
• Zopa - 4.25% (min $500) account review
• CU of Georgia - 4.18% (min $50K), account review
• Principal Bank - 4.11% (14 mo) (min $5K), account review
• Air Force FCU - 4.10% (min $25K) restrictions to membership, account review
• Melrose CU - 4.06% (min $5K) account review
• Western FCU - 4.05% (min $40K), account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• Delta Community CU - 4.00% (min $1K) account review
• GTE FCU - 3.97% (min $500) account review
• Academy Bank - 3.95% (min $500), account review
• Navy FCU - 3.90% ($20K min) (4.05% for $100K+) restrictions to membership, account review
• La Jolla Bank - 3.90% (min $10K), account review
• iGobanking - 3.85% (min $500), account review
• Apple Bank - 3.75% (min $500) account review
• Lehman Brothers Bank - 3.72% (min $1K)
• Doral Bank Direct - 3.70% (min $1K) account review
• EverBank - 3.69% ($1.5K min)
• Pacific Mercantile Bank - 3.68% (min $10K) account review
• Huntington - 3.67% (13 mo) (min $2K) account review
• Intervest - 3.66% (min $2.5K), account review
• Tennessee Commerce Bank - 3.65% (min $5K)
• National Bank of KC - 3.60% (min $10K), account review
• NewBank - 3.58% (min $5K), account review
• Discover Bank - 3.56% (min $2.5K)
• Flagstar - 3.55% (min $500), account review
• Element Financial - 3.51% (min $10K), account review
• Ascencia Bank - 3.51% (min $500), account review
• Countrywide - 3.50% (min $10K), account review
• GMAC Bank - 3.50% (min $500), account review
• UmbrellaBank - 3.50% (min $1K)
• E-LOAN - 3.50% ($10K min), account review
• Corus Bank - 3.50% (min $10K) account review
• Imperial Capital - 3.45% ($2K min), account review
• ING Direct - 3.40% (new money), account review
• First State Bank - 3.40% ($1K min), account review
• Mutual Bank - 3.30% (min $1K) account review
• Washington Mutual - 3.25% (min $1K), account review
• Transportation Alliance Bank - 3.25% ($1K min)
• Capital One - 3.25% (min $5K)
• FirstFedDirect - 3.25%, (min $10K) account review
• Advanta Bank - 3.20% (min $10K), account review
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• IndyMac Bank - 3.00% (min $5K), account review
• H&R Block Bank - 3.00% (min $250) account review
• Bank of Internet - 3.00% (min $1K) account review
• AmTrustDirect - 2.99% (min $1K) account review
• ETrade Bank - 2.85% (min $1K), account review
• UFB Direct - 2.70% (min $8K)
• KeyDirect - 2.60% (min $5K), Not all states, account review
• Self-Help Credit Union - 2.53% (min $500), account review

18-Month Certificates of Deposit:

• Alliant Credit Union - 4.90% (17 mo) (min $25K) account review
• Mountain America CU - 4.25% (min $1K) account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• Academy Bank - 3.90% (min $500) account review
• iGobanking - 3.85% (min $500), account review
• Doral Bank Direct - 3.70% (min $1K) account review
• EverBank - 3.69% ($1.5K min)
• Lehman Brothers Bank - 3.67% (min $1K)
• Intervest - 3.66% (min $2.5K), account review
• National Bank of KC - 3.60% (min $10K), account review
• Tennessee Commerce Bank - 3.60% (min $5K)
• Discover Bank - 3.56% (min $2.5K)
• NewBank - 3.52% (min $5K), account review
• Element Financial - 3.51% (min $10K), account review
• Flagstar - 3.50% (min $500), account review
• GMAC Bank - 3.50% (min $500)
• ING Direct - 3.40%, account review
• First State Bank - 3.40% ($1K min), account review
• Countrywide - 3.25% (min $10K)
• H&R Block Bank - 3.25% (min $250) account review
• Capital One - 3.25% (min $5K)
• Advanta Bank - 3.20% (min $10K), account review
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• Bank of Internet - 3.00% (min $1K) account review
• AmTrustDirect - 2.99% (min $1K) account review
• IndyMac Bank - 2.65% (min $5K), account review
• ETrade Bank - 2.50% (min $1K), account review

24-Month Certificates of Deposit:

• Alliant Credit Union - 4.65% (min $25K) account review
• Air Academy FCU - 4.65% (min $10K) account review
• Mountain America CU - 4.30% (min $1K) account review
• CU of Georgia - 4.28% (min $50K), account review
• Delta Community CU - 4.25% (min $1K) account review
• Western FCU - 4.20% (min $40K), account review
• Air Force FCU - 4.10% (min $25K) restrictions to membership, account review
• Melrose CU - 4.01% (min $5K) account review
• Navy FCU - 4.00% ($20K min) (4.15% for $100K+) restrictions to membership, account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• Northrop Grumman FCU - 3.83% (min $40K), account review
• Apple Bank - 3.75% (min $500) account review
• EverBank - 3.75% ($1.5K min)
• Doral Bank Direct - 3.70% (min $1K) account review
• Intervest - 3.67% (min $2.5K), account review
• National Bank of KC - 3.60% (min $10K), account review
• Tennessee Commerce Bank - 3.60% (min $5K)
• Discover Bank - 3.56% (min $2.5K)
• Element Financial - 3.55% (min $10K), account review
• E-LOAN - 3.55% ($10K min), account review
• Lehman Brothers Bank - 3.51% (min $1K)
• Ascencia Bank - 3.51% (min $500), account review
• Flagstar - 3.50% (min $500), account review
• NewBank - 3.50% (min $5K), account review
• GMAC Bank - 3.50% (min $500)
• ING Direct - 3.40%, account review
• Mutual Bank - 3.40% (min $1K) account review
• Advanta Bank - 3.25% (min $10K), account review
• Countrywide - 3.25% (min $10K)
• Transportation Alliance Bank - 3.25% ($1K min)
• H&R Block Bank - 3.25% (min $250) account review
• Presidential Bank - 3.25% (min $1K)
• Capital One - 3.25% (min $5K)
• KeyDirect - 3.25% (min $5K),Not all states, account review
• VirtualBank - 3.05% (min $10K), account review
• AmTrustDirect - 2.99% (min $1K) account review
• Bank of Internet - 2.95% (min $1K) account review
• UFB Direct - 2.75% (min $8K)
• IndyMac Bank - 2.65% (min $5K), account review
• Self-Help Credit Union - 2.53% (min $500), account review

36-Month Certificate of Deposit:

• Air Academy FCU - 4.69% (min $10K) account review
• Pentagon Federal CU - 4.50% (min $1K), account review
• Mountain America CU - 4.40% (min $1K) account review
• CU of Georgia - 4.39% (min $50K), account review
• Delta Community CU - 4.25% (min $1K) account review
• Navy FCU - 4.15% ($20K min) (4.25% for $100K+) restrictions to membership, account review
• Air Force FCU - 4.10% (min $25K) restrictions to membership, account review
• Western FCU - 4.09% (min $40K), account review
• Patelco CU - 4.07% ($1K min), account review
• Melrose CU - 4.06% (min $5K) account review
• KeyDirect - 4.00% (35 mo) (min $5K), Not all states, account review
• Agriculture FCU - 4.00% (min $1K), account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• Northrop Grumman FCU - 3.97% (min $40K), account review
• Principal Bank - 3.95% (33 mo) (min $5K), account review
• National Bank of KC - 3.85% (min $10K), account review
• Discover Bank - 3.76% (min $2.5K)
• NewBank - 3.75% (min $5K), account review
• Flagstar - 3.75% (min $500), account review
• Lehman Brothers Bank - 3.72% (min $1K)
• Intervest - 3.71% (min $2.5K), account review
• Doral Bank Direct - 3.70% (min $1K) account review
• Element Financial - 3.60% (min $10K), account review
• E-LOAN - 3.60% ($10K min), account review
• Tennessee Commerce Bank - 3.55% (min $5K)
• GMAC Bank - 3.50% (min $500)
• Mutual Bank - 3.50% (min $1K) account review
• EverBank - 3.50% ($1.5K min)
• ING Direct - 3.40%, account review
• Capital One - 3.40% (min $5K)
• Advanta Bank - 3.30% (min $10K), account review
• First State Bank - 3.30% ($1K min), account review
• Countrywide - 3.25% (min $10K)
• Transportation Alliance Bank - 3.25% ($1K min)
• H&R Block Bank - 3.25% (min $250) account review
• Bank of Internet - 3.20% (min $1K) account review
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• IndyMac Bank - 3.00% (min $5K), account review
• UFB Direct - 3.00% (min $8K)
• AmTrustDirect - 2.99% (min $1K) account review
• Self-Help Credit Union - 2.86% (min $500), account review
• ETrade Bank - 2.50% (min $1K), account review

48-Month Certificate of Deposit:

• Air Academy FCU - 4.76% (min $10K) account review
• Pentagon Federal CU - 4.75% (min $1K), account review
• CU of Georgia - 4.49% (min $50K), account review
• Mountain America CU - 4.45% (min $1K) account review
• Northrop Grumman FCU - 4.27% (min $40K), account review
• Navy FCU - 4.20% ($20K min) (4.25% for $100K+) restrictions to membership, account review
• Western FCU - 4.20% (min $40K), account review
• Agriculture FCU - 4.15% (min $1K), account review
• Patelco CU - 4.07% ($1K min), account review
• Melrose CU - 4.06% (min $5K) account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• KeyDirect - 4.00% (min $5K),Not all states, account review
• Discover Bank - 3.99% (min $2.5K)
• USA FCU - 3.97% (min $1K) account review
• Lehman Brothers Bank - 3.92% (min $1K)
• Flagstar - 3.90% (min $500), account review
• National Bank of KC - 3.85% (min $10K), account review
• Element Financial - 3.80% (min $10K), account review
• Washington Mutual - 3.75% (min $1K), account review
• E-LOAN - 3.75% ($10K min), account review
• Intervest - 3.75% (min $2.5K), account review
• Capital One - 3.75% (min $5K)
• Doral Bank Direct - 3.70% (min $1K) account review
• Tennessee Commerce Bank - 3.55% (min $5K)
• GMAC Bank - 3.50% (min $500)
• Bank of Internet - 3.50% (min $1K) account review
• H&R Block Bank - 3.50% (min $250) account review
• EverBank - 3.50% ($1.5K min)
• Advanta Bank - 3.40% (min $10K), account review
• ING Direct - 3.40%, account review
• First State Bank - 3.30% ($1K min), account review
• Countrywide - 3.25% (min $10K)
• IndyMac Bank - 3.25% (min $5K), account review
• Transportation Alliance Bank - 3.25% ($1K min)
• Self-Help Credit Union - 3.19% (min $500), account review
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)

60-Month Certificate of Deposit:

• Pentagon Federal CU - 4.85% (min $1K), account review
• Air Academy FCU - 4.80% (min $10K) account review
• CU of Georgia - 4.59% (min $50K), account review
• KeyDirect - 4.50% (min $5K), Not all states, account review
• Mountain America CU - 4.50% (min $1K) account review
• Navy FCU - 4.40% ($20K min) (4.55% for $100K+) restrictions to membership, account review
• Northrop Grumman FCU - 4.40% (min $40K), account review
• Western FCU - 4.30% (min $40K) account review
• Agriculture FCU - 4.25% (min $1K), account review
• Delta Community CU - 4.25% (min $1K) account review
• Lehman Brothers Bank - 4.13% (min $1K)
• Melrose CU - 4.11% (min $5K) account review
• Air Force FCU - 4.10% (min $25K) restrictions to membership, account review
• USA FCU - 4.07% (min $1K) account review
• Patelco CU - 4.07% ($1K min), account review
• EverBank - 4.00% ($1.5K min)
• ING Direct - 4.00%, account review
• ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
• Telcom Credit Union - 4.00% (min $500) account review
• Discover Bank - 3.99% (min $2.5K)
• E-LOAN - 3.96% ($10K min), account review
• Flagstar - 3.90% (min $500), account review
• Capital One - 3.90% (min $5K)
• National Bank of KC - 3.85% (min $10K), account review
• Intervest - 3.85% (min $2.5K), account review
• Element Financial - 3.80% (min $10K), account review
• Apple Bank - 3.75% (min $500) account review
• Bank of Internet - 3.75% (min $1K) account review
• Washington Mutual - 3.75% (min $1K), account review
• Doral Bank Direct - 3.70% (min $1K) account review
• Tennessee Commerce Bank - 3.55% (min $5K)
• UFB Direct - 3.50% (min $8K)
• Advanta Bank - 3.50% (min $10K), account review
• GMAC Bank - 3.50% (min $500)
• First State Bank - 3.50% ($1K min), account review
• Mutual Bank - 3.50% (min $51) account review
• H&R Block Bank - 3.50% (min $250) account review
• Self-Help Credit Union - 3.49% (min $500), account review
• Presidential Bank - 3.35% (min $1K)
• Countrywide - 3.25% (min $10K)
• IndyMac Bank - 3.25% (min $5K), account review
• Transportation Alliance Bank - 3.25% ($1K min)
• VirtualBank - 3.05% (min $10K), account review
• EmigrantDirect - 3.05% (min $1K)
• AmTrustDirect - 2.99% (min $1K) account review
• ETrade Bank - 2.75% (min $1K), account review

84-Month Certificate of Deposit:

• KeyDirect - 5.00% (min $5K) Not all states, account review
• Pentagon Federal CU - 5.00% (min $1K), account review
• Navy FCU - 4.45% ($20K min) (4.55% for $100K+) restrictions to membership, account review
• Capital One - 4.25% (min $5K)
• Intervest - 3.87% (min $2.5K), account review
• Countrywide - 3.25% (min $10K)
• EmigrantDirect - 3.05% (min $1K)

High Yield Reward Checking Accounts - Open to All

• 6.01% Reward Checking at Air Academy FCU
• 6.01% Reward Checking Account at Charter Bank
• 5.51% Reward Checking Account at Provident Credit Union
• 5.09% Reward Checking Account at Consumers Credit Union
• 5.01% Reward Checking Account at State Bank of Toledo
• 5.01% Reward Checking Account at Connexus Credit Union
• 4.44% Reward Checking at First Arkansas Bank & Trust
• 4.00% 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)
• 4.65% Checking Account (Florida)
• 4.45% No-Minimum Online Savings Account (New York)
• 4.15% Low-Minimum Online Savings Account (California)
• 3.50% Money Market Account (Utah)
• 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

• 5.25% 60-Month CD at a California/Arizona CU (United Methodist)
• 5.20% 60-Month CD at a DC Credit Union (Library of Congress)
• 5.00% 60-Month CD at a Texas CU (First Basin)
• 4.90% 60-Month CD at a California CU (First Imperial)
• 4.85% 60-Month CD at a Texas CU (Dallas Telco)
• 4.80% 60-Month CD at a Colorado Bank (New Frontier)
• 4.75% 60-Month CD at a Kansas Credit Union (Central Star)
• 4.75% 60-Month CD at a Arizona CU (First)
• 4.70% 60-Month CD at a New York Bank (Bank of Utica)
• 4.50% 60-Month CD at a Michigan CU (Michigan Schools & Government)
• 4.44% 60-Month CD at a New York CU (LOMTO)
• 4.26% 60-Month CD at a Illinois Bank (Millennium)
• 4.00% 60-Month CD at a California CU - IRA/Easy Membership (Provident)

Terms of 24 Months to Under 60 Months

• 5.05% 24-Month CD at a Illinois CU - ASI-Insured Only (Abbott Laboratories Employees)
• 5.01% 24-Month CD at a Texas Credit Union (Baptist)
• 5.00% 36-Month CD at a DC Credit Union (Library of Congress)
• 4.75% 36-Month CD at a California CU (First Imperial)
• 4.70% 24-Month CD at a Arizona CU (First)
• 4.10% 24-Month CD at a Washington State Bank (Westsound)
• 4.00% 48-Month CD at a Ohio Bank (Community National)

Terms of 12 Months to Under 24 Months

• 5.09% 12-Month CD at a California/Arizona CU (United Methodist)
• 5.00% 12-Month CD at a Texas Credit Union (Baptist)
• 5.00% 12-Month CD at a Colorado Bank (New Frontier)
• 4.84% 15-Month CD at a Virginia/DC Credit Union (State Department)
• 4.70% 12-Month CD at a Texas CU (First Basin)
• 4.65% 15-Month CD at a Utah CU - Easy Membership (Mountain America)
• 4.60% 12-Month CD at a Texas CU (Dallas Telco)
• 4.25% 12-Month CD at a Michigan CU (Michigan Schools & Government)
• 4.20% 15-Month CD at a California Bank (Kaiser Federal)
• 4.07% 12-Month CD at a New York CU (LOMTO)

Terms of Under 12 Months

• 9.00% 9-Month CD at a Colorado Credit Union - $2K Max (Elevations)
• 7.00% 6-Month CD at Premier America CU - $5K Max - Easy Membership
• 5.25% 7-Month CD at a New York Bank (Valley National)
• 5.00% 6-Month CD at a Tampa Bank - plus $50 Checking Bonus (Central Bank)
• 5.00% 5-Month CD at a Texas Bank (American Bank of Commerce)
• 5.00% 5-Month CD at a Massachusetts Credit Union (First Priority)
• 5.00% 9-Month CD at a VA/NC Credit Union (Call)
• 5.00% 6-Month CD at a Georgia Bank (Integrity Bank)
• 4.75% 11-Month CD at a Houston CU (Associated Credit Union of Texas)
• 4.75% 7-Month CD at a California CU - with liquid option (Southland)
• 4.75% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
• 4.50% 6-Month CD at a Illinois Bank (Millennium)
• 4.50% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
• 4.50% 9-Month CD at a Utah CU - Easy Membership (Mountain America)
• 4.45% 3-Month CD at a California Bank (Luther Burbank Savings)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 4.05% rate for $50k+
• Vanguard Prime Money Market Fund - 3.97% 7-day yield
• TIAA-CREF Money Market Fund - 3.89% 7-day yeild
• Fidelity Money Market Fund - 3.72% 7-day yield ($100 bonus and other info)
• Paypal Money Market Fund - 3.62% 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)