Bank Deals Weekly Summary for March 1, 2008
Mar 2, 2008 - 4:00 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
Savings and CD rates continued to decline this last week of February, and I'm afraid March probably won't be any better. As reported in this CNN article, the combination of Bernanke's meeting with Congress and some bad economic data have increased expectations for a half-point rate cut at the next Fed meeting on March 18th. Many are even expecting a 75 basis-point cut.
Savings and Checking Accounts
Even though signs are pointing towards further rate declines, there weren't a whole lot of savings account rate cuts this week. The two biggest cuts occurred yesterday at Countrywide Bank which cut its savingslink yield from 4.50% to 4.25% APY and GMAC Bank which slashed its money market rate from 3.50% to 3.00% APY.
One online bank that has kept rates on its money market and checking accounts steady is Bank of Internet USA. They offer a 3.90% APY money market account with no minimum balance requirements and checking accounts with yields as high as 3.75% APY on all balances. These rates have been pretty much unchanged over the last couple of years. Last year when we were seeing 5-percent-plus savings and checking accounts, these rates didn't look too good. But now these are near the top. Even though they lack an ACH transfer service, these accounts have many perks and many readers have been very pleased with BofI's customer service (see account review).
High Yield Reward Checking Accounts
I posted on several new high yield reward checking accounts this week with yields around 6% (see recap below). Unfortunately, all of these are local deals and they have balance caps between $20K and $50K. Overall, reward checking rates continue to hold up better than rates on online savings accounts. However, the rate environment is having an effect. One of the largest credit unions offering a reward checking account, Provident Credit Union, lowered the top yield on its reward checking account from 5.51% to 5.01% APY. It used to have a yield of 6.01%. Provident is also an institution in which people from any state can join and open the reward checking account. To see other reward checking accounts that are available nationwide, please see my list below.
CD Deals Available Nationwide
Pentagon FCU released new CD rates this week. As you would expect, the rates went down, but they're still very competitive. The 7-year CD yield actually remained the same at 5.00% APY, and the 5-year CD yield only went down a little to 4.75% APY. The shorter terms were hit harder. Both the 3 and 4 year CD yields went down to 4.25% APY.
I reported this week on University FCU, a Texas credit union, which is offering very high yields on its Web certificates. Their yields are on top of my list for 3 and 4 year terms. Like PenFed, membership is open to those who join an association (see my review).
Alliant Credit Union is still listing 4.90% APY on its Jumbo certificates with terms of 12 to 17 months. The minimum deposit is $25K. This 4.90% yield has lasted since January, so it may not last much longer.
The best short term CD deal this week was at Xerox FCU which is offering a 5% APY 5-month CD. Unfortunately, it has a maximum deposit cap of $25K per member. They have several organizations that you can join to qualify for credit union membership (see my review).
One important note about the CD rates this week is that many credit unions may have new rates for March but their websites may not get updated until Monday. So please check with the 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
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 Feb 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th, Jan 19th, Jan 12th, Jan 5th and Dec 29th.
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 March 1, 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 Reward Checking Accounts - 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)
Update 3/2/08: Corrected Savings Account rate and min for Direct Huntington. I had overlooked new rate tiers. 3.50% is only for $100K+.
Savings and CD rates continued to decline this last week of February, and I'm afraid March probably won't be any better. As reported in this CNN article, the combination of Bernanke's meeting with Congress and some bad economic data have increased expectations for a half-point rate cut at the next Fed meeting on March 18th. Many are even expecting a 75 basis-point cut.
Savings and Checking Accounts
Even though signs are pointing towards further rate declines, there weren't a whole lot of savings account rate cuts this week. The two biggest cuts occurred yesterday at Countrywide Bank which cut its savingslink yield from 4.50% to 4.25% APY and GMAC Bank which slashed its money market rate from 3.50% to 3.00% APY.
One online bank that has kept rates on its money market and checking accounts steady is Bank of Internet USA. They offer a 3.90% APY money market account with no minimum balance requirements and checking accounts with yields as high as 3.75% APY on all balances. These rates have been pretty much unchanged over the last couple of years. Last year when we were seeing 5-percent-plus savings and checking accounts, these rates didn't look too good. But now these are near the top. Even though they lack an ACH transfer service, these accounts have many perks and many readers have been very pleased with BofI's customer service (see account review).
High Yield Reward Checking Accounts
I posted on several new high yield reward checking accounts this week with yields around 6% (see recap below). Unfortunately, all of these are local deals and they have balance caps between $20K and $50K. Overall, reward checking rates continue to hold up better than rates on online savings accounts. However, the rate environment is having an effect. One of the largest credit unions offering a reward checking account, Provident Credit Union, lowered the top yield on its reward checking account from 5.51% to 5.01% APY. It used to have a yield of 6.01%. Provident is also an institution in which people from any state can join and open the reward checking account. To see other reward checking accounts that are available nationwide, please see my list below.
CD Deals Available Nationwide
Pentagon FCU released new CD rates this week. As you would expect, the rates went down, but they're still very competitive. The 7-year CD yield actually remained the same at 5.00% APY, and the 5-year CD yield only went down a little to 4.75% APY. The shorter terms were hit harder. Both the 3 and 4 year CD yields went down to 4.25% APY.
I reported this week on University FCU, a Texas credit union, which is offering very high yields on its Web certificates. Their yields are on top of my list for 3 and 4 year terms. Like PenFed, membership is open to those who join an association (see my review).
Alliant Credit Union is still listing 4.90% APY on its Jumbo certificates with terms of 12 to 17 months. The minimum deposit is $25K. This 4.90% yield has lasted since January, so it may not last much longer.
The best short term CD deal this week was at Xerox FCU which is offering a 5% APY 5-month CD. Unfortunately, it has a maximum deposit cap of $25K per member. They have several organizations that you can join to qualify for credit union membership (see my review).
One important note about the CD rates this week is that many credit unions may have new rates for March but their websites may not get updated until Monday. So please check with the 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
- Preparing for Bank Failures
- Superior Savings is Becoming Capital One Bank
- FDIC Report on Fourth Quarter Performance of the Banking Industry
Savings Accounts - National
- Savings Account Rate Cuts at Countrywide and GMAC Bank
- High Yield Checking and Money Market Accounts at Bank of Internet USA
- Discover Bank's AAA Affiliated Money Market Account and CDs
CD Deals - National
- 4.42% 60-Month / 4.15% 48-Month CDs Online at M&T Bank
- New PenFed CD Rates - Down But Still Competitive
- 5.00% 5-Month CD at a Multi-State CU - $25K Max / Easy Membership (Xerox)
- 4.60% 60-Month / 4.20% 12-Month CD at a Texas CU - Easy Membership (University)
- 4.86% 60-Month Jumbo CD at Huntington Bank - Nationally Available
Checking/Savings Account Bonuses
- $100 Checking Account Bonus at Webster Bank
- $50 Checking Account Bonus at Patelco Credit Union
- HSBC Checking and Savings Account Bonuses
Reward Checking Accounts
- 5.76% Reward Checking Account at a West Virginia Bank (Williamstown)
- 6.15% Reward Checking Account at a Florida CU (Dade County)
- 6.02% Reward Checking Account at a New Mexico CU (State Employees)
- 6.01% Reward Checking at Arizona Bank & Trust
- 6.05% Reward Checking Account at a North Carolina Bank (TriStone Community)
CD and Money Market Deals - Local
- 4.39% 7-Month / 4.65% 60-Month CD at a California Bank (Pacific State)
- 4.50% 60-Month / 4.44% 30-Month CD at a Washington State CU (Prevail)
- 5.50% 24-Month CD at a New York CU (Buffalo Metropolitan)
- 5.00% 5-Month CD at an Indiana CU (Fortress)
- 4.40% 8-Month CD at a New York CU - Jumbo (Teachers)
- 5.04% 60-Month / 4.52% 36-Month CD at a Texas CU - Up to 5.31% (Lone Star)
- 4.65% 8-Month CD at an Arizona CU - Up to 5.15% (Canyon State)
- 4.90% 60-Month / 4.57% 36-Month CD at a Virginia CU (Northwest)
- 4.50% 55-Month CD at a Florida Bank (Third Federal Savings & Loan)
- 4.65% 60-Month / 4.39% 36-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.44% 18-Month / 4.44% 60-Month CD at an Illinois CU (Kane County Teachers)
- 5.00% 24-Month CD at a Texas Credit Union (United SA) EXPIRED
- 4.00% 15-Month / 4.00% 55-Month CD at a California CU - IRA (The Golden 1)
- 4.00% 30-Month CD at a California CU - Add-On (Pacific Service)
- 4.60% 21-Month / 4.30% 7-Month CD at a Pennsylvania CU (Tri Boro)
- 4.26% 8-Month / 4.26% 12-Month CD at a Florida Bank (First Commercial) EXPIRED
- 5.17% 60-Month / 4.96% 36-Month CD at a Missouri CU (Health Care Family)
- 4.78% 49-Month / 4.37% 13-Month CD at a Pennsylvania CU (Galaxy)
- 4.85% 84-Month / 4.50% 18-Month CD at a Texas CU (SACU)
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 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th, Jan 19th, Jan 12th, Jan 5th and Dec 29th.
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 March 1, 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 - 4.60% (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
- GCF Bank - 4.40% (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
- Flagstar - 4.25% MMA, account review
- Countrywide - 4.25% (min $10K), account review
- ShoreBank - 4.15%, account review ($25 bonus)
- ETrade Bank - 4.10%, post ($25 bonus)
- Corus Bank - 4.06% MMA (min $10K) account review
- UmbrellaBank - 4.02% MMA (min $1K), account review
- Savings Square - 4.00%, account review
- BankUnited - 4.00% (min $5K), account review
- Citibank - 4.00% (Ultimate Money) requires chking & bill pay, account review
- UFB Direct - 4.00%, account review
- grand yield direct - 4.00% (min $2.5K) account review
- Washington Mutual - 4.00% (requires checking), account review
- WTDirect - 3.91% ($10K min), account review
- Bank of Internet - 3.90% MMA (offers 3.75% checking) account review
- Zions Bank - 3.87% MMA, outside of Utah, (min $1K) (3.98% $50K+, 4.04% $100K+), account review
- iGObanking - 3.86%, account review
- Capital One - 3.85% (Savings) (min $10K)
- 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)
- AmTrustDirect - 3.75% (e-Savings) account review
- M&T Bank - 3.70%, account review
- Discover Bank - 3.66% MMA (min $10K) (3.76% for $50K+)
- BancoFortuna.com - 3.60%, account review
- EmigrantDirect - 3.60%, account review
- HSBC Direct - 3.55%, account review
- Melrose CU - 3.55% (min $25) account review
- EverBank - 3.51% ($1.5K min) account review
- KeyDirect - 3.50% MMA (min $50), Not all states, account review
- Salem Five Direct - 3.50% Checking (4.00% $100K+), 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
- CapitalOne/Costco - 3.45% MMA (min $5K, Costco members only, $50 deal for exec. members)
- 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
- Capital One - 3.25% MMA, account review
- MetLife Bank - 3.25% MMA (min $5K), post ($50 bonus)
- MyBankingDirect - 3.25% MMA (min $5K), account review
- Bank of America AAA/NEA - 3.19% MMA ($10K min) (3.44% for $50K+) 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
- Direct Huntington - 3.00% ($10K min), account review
- PFF Bank and Trust - 3.00% (min $1K), 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
- AmTrustDirect - 3.00% (e-Money Market) (3.25% $25K+, 3.50% $50K+) account review
- GMAC Bank - 3.00% MMA (min $500), 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 - 2.04% (min $10K), account review
3-Month Certificates of Deposit:
- IndyMac Bank - 4.10% (4 mo) (min $5K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- IndyMac Bank - 4.00% (min $5K), account review
- VirtualBank - 3.77% (min $10K), account review
- UmbrellaBank - 3.75% (min $1K)
- Countrywide - 3.75% (min $10K), account review
- Imperial Capital - 3.65%, ($2K min), account review
- EverBank - 3.55% ($1.5K min)
- FirstFedDirect - 3.40% (min $10K), account review
- National Bank of KC - 3.40% (min $10K), account review
- E-LOAN - 3.35% ($10K min), account review
- Element Financial - 3.15% (min $10K), account review
- UFB Direct - 3.05% (min $8K)
- GMAC Bank - 3.00% (min $500), account review
- ETrade Bank - 2.85% (min $1K), account review
- Self-Help Credit Union - 2.70% (min $500), account review
6-Month Certificates of Deposit:
- Xerox FCU - 5.00% (min $500/max $25K) account review
- Countrywide - 4.30% (min $10K), account review
- Northrop Grumman FCU - 4.27% (min $40K), account review
- Century Bank Direct - 4.21% (5 mo) (min $1K) account review
- University FCU - 4.10% (min $2.5K), account review
- CU of Georgia - 4.02% (min $50K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Flagstar - 3.91% (min $500), account review
- Western FCU - 3.90% (min $40K), account review
- Mountain America CU - 3.90% (min $1K) account review
- Corus Bank - 3.85% (min $10K) account review
- La Jolla Bank - 3.75% (min $10K), account review
- Doral Bank Direct - 3.75% (min $1K) account review
- UmbrellaBank - 3.75% (min $1K)
- Air Academy FCU - 3.70% (min $10K) account review
- Principal Bank - 3.70% (7 mo) (min $5K), account review
- NASA FCU - 3.65% (5 mo) (min $5K) account review
- FirstFedDirect - 3.51% (min $10K), account review
- VirtualBank - 3.51% (min $10K), account review
- Ascencia Bank - 3.51% (min $500), account review
- Washington Mutual - 3.51% (min $1K), account review
- EverBank - 3.50% ($1.5K min)
- National Bank of KC - 3.50% (min $10K), account review
- Imperial Capital - 3.50%, ($2K min), account review
- E-LOAN - 3.50% ($10K min), account review
- ING Direct - 3.50%, account review
- Intervest - 3.48% (min $2.5K), account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- Advanta Bank - 3.40% (min $10K), account review
- iGObanking - 3.40% (min $500), account review
- Bank of Internet - 3.30% (min $1K) account review
- Lehman Brothers Bank - 3.30% (min $1K)
- ETrade Bank - 3.25% (min $1K), account review
- Element Financial - 3.20% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- UFB Direct - 3.00% (min $8K)
- IndyMac Bank - 3.00% (min $5K), account review
- GMAC Bank - 3.00% (min $500), account review
- AmTrustDirect - 2.99% (min $1K) account review
- Self-Help Credit Union - 2.90% (min $500), account review
- KeyDirect - 2.85% (min $5K), Not all states, account review
- Capital One - 2.75% (min $5K)
- Wells Fargo - 2.75% (5 months) (min $5K), rate and min vary by state, account review
9-Month Certificates of Deposit:
- Doral Bank Direct - 3.75% (min $1K) account review
- Academy Bank - 3.75% (min $500), account review
- Century Bank Direct - 3.64% (10 mo) (min $1K) account review
- EverBank - 3.50% ($1.5K min)
- Countrywide - 3.50% (min $10K), 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
- iGObanking - 3.40% (min $500), account review
- Bank of Internet - 3.30% (min $1K) account review
- Element Financial - 3.30% (min $10K), account review
- ING Direct - 3.25% (new money), account review
- FirstFedDirect - 3.20% (min $10K), account review
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- GMAC Bank - 3.00% (min $500), account review
- 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
- Zopa - 4.25% (min $500) account review
- University FCU - 4.20% (min $2.5K), account review
- CU of Georgia - 4.13% (min $50K), account review
- Northrop Grumman FCU - 4.07% (min $40K), account review
- Melrose CU - 4.06% (min $5K) account review
- Western FCU - 4.05% (min $40K), account review
- AmboyDirect - 4.00% (13 mo) (min $10K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Mountain America CU - 4.00% (min $1K) account review
- Air Academy FCU - 3.90% (min $10K) account review
- Principal Bank - 3.85% (14 mo) (min $5K), account review
- La Jolla Bank - 3.80% (min $10K), account review
- Air Force FCU - 3.80% (min $25K) restrictions to membership, account review
- Apple Bank - 3.75% (min $500) account review
- Delta Community CU - 3.75% (min $1K) account review
- GTE FCU - 3.71% (min $500) account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Academy Bank - 3.70% (min $500), account review
- Huntington - 3.67% (13 mo) (min $2K) account review
- Navy FCU - 3.65% ($20K min) (3.80% for $100K+) restrictions to membership, account review
- Transportation Alliance Bank - 3.62% ($1K min)
- Advanta Bank - 3.60% (min $10K), account review
- Pacific Mercantile Bank - 3.60% (min $10K) account review
- National Bank of KC - 3.60% (min $10K), account review
- E-LOAN - 3.55% ($10K min), account review
- NewBank - 3.52% (min $5K), account review
- Discover Bank - 3.51% (min $2.5K)
- Ascencia Bank - 3.51% (min $500), account review
- EverBank - 3.50% ($1.5K min)
- Countrywide - 3.50% (min $10K), account review
- UmbrellaBank - 3.50% (min $1K)
- Corus Bank - 3.50% (min $10K) account review
- Intervest - 3.50% (min $2.5K), account review
- Flagstar - 3.50% (min $500), account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Imperial Capital - 3.45% ($2K min), account review
- First State Bank - 3.40% ($1K min), account review
- iGobanking - 3.40% (min $500), account review
- Lehman Brothers Bank - 3.35% (min $1K)
- Element Financial - 3.35% (min $10K), account review
- Mutual Bank - 3.30% (min $1K) account review
- Washington Mutual - 3.25% (min $1K), account review
- ING Direct - 3.25% (new money), account review
- GMAC Bank - 3.25% (min $500), account review
- Bank of Internet - 3.15% (min $1K) account review
- FirstFedDirect - 3.15%, (min $10K) account review
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- H&R Block Bank - 3.00% (min $250) account review
- AmTrustDirect - 2.99% (min $1K) account review
- IndyMac Bank - 2.90% (min $5K), account review
- Capital One - 2.75% (min $5K)
- UFB Direct - 2.65% (min $8K)
- KeyDirect - 2.60% (min $5K), Not all states, account review
- ETrade Bank - 2.60% (min $1K), account review
- Self-Help Credit Union - 2.56% (min $500), account review
18-Month Certificates of Deposit:
- Alliant Credit Union - 4.90% (17 mo) (min $25K) account review
- Mountain America CU - 4.05% (min $1K) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- iGObanking - 3.85% (min $500), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Academy Bank - 3.70% (min $500) account review
- Advanta Bank - 3.66% (min $10K), account review
- National Bank of KC - 3.60% (min $10K), account review
- Intervest - 3.53% (min $2.5K), account review
- NewBank - 3.52% (min $5K), account review
- Discover Bank - 3.51% (min $2.5K)
- EverBank - 3.50% ($1.5K min)
- Flagstar - 3.50% (min $500), account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Lehman Brothers Bank - 3.41% (min $1K)
- First State Bank - 3.40% ($1K min), account review
- Element Financial - 3.40% (min $10K), account review
- Countrywide - 3.25% (min $10K)
- H&R Block Bank - 3.25% (min $250) account review
- ING Direct - 3.25%, account review
- GMAC Bank - 3.25% (min $500)
- Bank of Internet - 3.15% (min $1K) account review
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- AmTrustDirect - 2.99% (min $1K) account review
- Capital One - 2.75% (min $5K)
- 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
- University FCU - 4.30% (min $2.5K), account review
- CU of Georgia - 4.23% (min $50K), account review
- Mountain America CU - 4.10% (min $1K) account review
- Air Academy FCU - 4.10% (min $10K) account review
- Melrose CU - 4.01% (min $5K) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Air Force FCU - 3.90% (min $25K) restrictions to membership, account review
- Delta Community CU - 3.90% (min $1K) account review
- Northrop Grumman FCU - 3.89% (min $40K), account review
- Western FCU - 3.85% (min $40K), account review
- Apple Bank - 3.75% (min $500) account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Navy FCU - 3.70% ($20K min) (3.85% for $100K+) restrictions to membership, account review
- Transportation Alliance Bank - 3.68% ($1K min)
- Advanta Bank - 3.66% (min $10K), account review
- Discover Bank - 3.66% (min $2.5K)
- National Bank of KC - 3.60% (min $10K), account review
- EverBank - 3.59% ($1.5K min)
- E-LOAN - 3.55% ($10K min), account review
- Intervest - 3.54% (min $2.5K), account review
- Ascencia Bank - 3.51% (min $500), account review
- NewBank - 3.50% (min $5K), account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Lehman Brothers Bank - 3.46% (min $1K)
- Flagstar - 3.45% (min $500), account review
- Element Financial - 3.45% (min $10K), account review
- Mutual Bank - 3.40% (min $1K) account review
- Countrywide - 3.25% (min $10K)
- H&R Block Bank - 3.25% (min $250) account review
- Presidential Bank - 3.25% (min $1K)
- KeyDirect - 3.25% (min $5K),Not all states, account review
- ING Direct - 3.25% account review
- GMAC Bank - 3.25% (min $500)
- Bank of Internet - 3.20% (min $1K) account review
- VirtualBank - 3.05% (min $10K), account review
- AmTrustDirect - 2.99% (min $1K) account review
- Capital One - 2.75% (min $5K)
- UFB Direct - 2.75% (min $8K)
- IndyMac Bank - 2.65% (min $5K), account review
- Self-Help Credit Union - 2.48% (min $500), account review
36-Month Certificate of Deposit:
- University FCU - 4.40% (min $2.5K), account review
- CU of Georgia - 4.33% (min $50K), account review
- Air Academy FCU - 4.30% (min $10K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- Mountain America CU - 4.20% (min $1K) account review
- Melrose CU - 4.06% (min $5K) account review
- Agriculture FCU - 4.00% (min $1K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Western FCU - 3.98% (min $40K), account review
- Patelco CU - 3.97% ($1K min), account review
- Air Force FCU - 3.95% (min $25K) restrictions to membership, account review
- Delta Community CU - 3.90% (min $1K) account review
- Discover Bank - 3.87% (min $2.5K)
- Northrop Grumman FCU - 3.87% (min $40K), account review
- National Bank of KC - 3.85% (min $10K), account review
- Navy FCU - 3.80% ($20K min) (3.90% for $100K+) restrictions to membership, account review
- Transportation Alliance Bank - 3.75% ($1K min)
- Advanta Bank - 3.75% (min $10K), account review
- NewBank - 3.75% (min $5K), account review
- KeyDirect - 3.75% (35 mo) (min $5K), Not all states, account review
- Lehman Brothers Bank - 3.72% (min $1K)
- Doral Bank Direct - 3.70% (min $1K) account review
- Principal Bank - 3.70% (33 mo) (min $5K), account review
- Element Financial - 3.60% (min $10K), account review
- EverBank - 3.59% ($1.5K min)
- Intervest - 3.56% (min $2.5K), account review
- Bank of Internet - 3.55% (min $1K) account review
- E-LOAN - 3.55% ($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
- Flagstar - 3.50% (min $500), account review
- First State Bank - 3.30% ($1K min), account review
- Countrywide - 3.25% (min $10K)
- H&R Block Bank - 3.25% (min $250) account review
- ING Direct - 3.25%, account review
- Capital One - 3.10% (min $5K)
- UFB Direct - 3.05% (min $8K)
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- IndyMac Bank - 3.00% (min $5K), account review
- AmTrustDirect - 2.99% (min $1K) account review
- Self-Help Credit Union - 2.78% (min $500), account review
- ETrade Bank - 2.50% (min $1K), account review
48-Month Certificate of Deposit:
- University FCU - 4.50% (min $2.5K), account review
- Northrop Grumman FCU - 4.44% (min $40K), account review
- CU of Georgia - 4.44% (min $50K), account review
- Air Academy FCU - 4.40% (min $10K) account review
- Mountain America CU - 4.35% (min $1K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- Western FCU - 4.17% (min $40K), account review
- Agriculture FCU - 4.15% (min $1K), account review
- M&T Bank - 4.15% (min $5K) account review
- Patelco CU - 4.07% ($1K min), account review
- Melrose CU - 4.06% (min $5K) account review
- Lehman Brothers Bank - 4.03% (min $1K)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- KeyDirect - 4.00% (min $5K),Not all states, account review
- Discover Bank - 3.97% (min $2.5K)
- USA FCU - 3.97% (min $1K) account review
- Advanta Bank - 3.90% (min $10K), account review
- National Bank of KC - 3.85% (min $10K), account review
- Navy FCU - 3.85% ($20K min) (3.90% for $100K+) restrictions to membership, account review
- Transportation Alliance Bank - 3.80% ($1K min)
- Bank of Internet - 3.80% (min $1K) account review
- Element Financial - 3.80% (min $10K), account review
- E-LOAN - 3.80% ($10K min), account review
- Washington Mutual - 3.75% (min $1K), account review
- Flagstar - 3.75% (min $500), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Intervest - 3.60% (min $2.5K), account review
- Tennessee Commerce Bank - 3.55% (min $5K)
- GMAC Bank - 3.50% (min $500)
- H&R Block Bank - 3.50% (min $250) account review
- EverBank - 3.35% ($1.5K min)
- First State Bank - 3.30% ($1K min), account review
- Capital One - 3.25% (min $5K)
- Countrywide - 3.25% (min $10K)
- IndyMac Bank - 3.25% (min $5K), account review
- ING Direct - 3.25%, account review
- Self-Help Credit Union - 3.09% (min $500), account review
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
60-Month Certificate of Deposit:
- Pentagon Federal CU - 4.75% (min $1K), account review
- University FCU - 4.60% (min $2.5K), account review
- CU of Georgia - 4.54% (min $50K), account review
- KeyDirect - 4.50% (min $5K), Not all states, account review
- Air Academy FCU - 4.50% (min $10K) account review
- M&T Bank - 4.42% (min $5K) account review
- Mountain America CU - 4.40% (min $1K) account review
- Northrop Grumman FCU - 4.37% (min $40K), account review
- Western FCU - 4.28% (min $40K) account review
- Agriculture FCU - 4.25% (min $1K), account review
- Washington Mutual - 4.25% (min $1K), account review
- Discover Bank - 4.13% (min $2.5K)
- Melrose CU - 4.11% (min $5K) account review
- Air Force FCU - 4.10% (min $25K) restrictions to membership, account review
- Lehman Brothers Bank - 4.08% (min $1K)
- USA FCU - 4.07% (min $1K) account review
- Patelco CU - 4.07% ($1K min), account review
- Bank of Internet - 4.05% (min $1K) account review
- Navy FCU - 4.05% ($20K min) (4.20% for $100K+) restrictions to membership, account review
- Transportation Alliance Bank - 4.00% ($1K min)
- Advanta Bank - 4.00% (min $10K), account review
- EverBank - 4.00% ($1.5K min)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- E-LOAN - 4.00% ($10K min), account review
- Delta Community CU - 4.00% (min $1K) account review
- Flagstar - 3.85% (min $500), account review
- ING Direct - 3.85%, account review
- Intervest - 3.80% (min $2.5K), account review
- Element Financial - 3.80% (min $10K), account review
- National Bank of KC - 3.80% (min $10K), account review
- Capital One - 3.75% (min $5K)
- Apple Bank - 3.75% (min $500) account review
- Telcom Credit Union - 3.75% (min $500) account review
- Doral Bank Direct - 3.70% (min $1K) account review
- UFB Direct - 3.60% (min $8K)
- Tennessee Commerce Bank - 3.55% (min $5K)
- ETrade Bank - 3.50% (min $1K), 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 - 3.37% (min $500), account review
- Presidential Bank - 3.35% (min $1K)
- Countrywide - 3.25% (min $10K)
- IndyMac Bank - 3.25% (min $5K), account review
- VirtualBank - 3.05% (min $10K), account review
- EmigrantDirect - 3.05% (min $1K)
- AmTrustDirect - 2.99% (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
- Capital One - 4.25% (min $5K)
- Navy FCU - 4.15% ($20K min) (4.20% for $100K+) restrictions to membership, account review
- Intervest - 3.82% (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 - $50K Cap
- 6.01% Reward Checking at Heartland Community Bank - $30K Cap
- 6.01% Reward Checking at Citizens Bank - $25K Cap
- 6.01% Reward Checking at Charter Bank - $25K Cap
- 6.01% Reward Checking at First New England FCU - $25K Cap
- 6.00% Reward Checking at Southern Community Bank & Trust - $25K Cap
- 5.09% Reward Checking at Consumers Credit Union - $25K Cap
- 5.01% Reward Checking at Provident Credit Union - $25K Cap
- 5.01% Reward Checking at State Bank of Toledo - $70K Cap
- 5.01% Reward Checking at Coastal FCU - $50K Cap
- 5.01% Reward Checking at Connexus Credit Union - $25K Cap
- 4.44% Reward Checking at First Arkansas Bank & Trust - $50K Cap
Checking and Saving Accounts at Local Banks/Credit Unions
- Local High Yield Reward Checking Accounts
- 5.00% 3-Month Money Market Promo at Amboy (New Jersey)
- 4.20% No-Minimum Online Savings Account (New York)
- 4.05% Low-Minimum Online Savings Account (California)
- 4.00% Checking Account (Florida)
- 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
- 5.49% 60-Month CD at a Georgia Bank (Carver State)
- 5.17% 60-Month CD at a Missouri CU (Health Care Family)
- 5.04% 60-Month CD at a Texas CU - Up to 5.31% (Lone Star)
- 4.90% 60-Month CD at a California CU (First Imperial)
- 4.90% 60-Month CD at a Virginia CU (Northwest)
- 4.85% 84-Month CD at a Texas CU (SACU)
- 4.80% 60-Month CD at a Colorado Bank (New Frontier)
- 4.65% 60-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.65% 60-Month CD at a California Bank (Pacific State)
- 4.60% 60-Month CD at a Arizona CU (First)
- 4.60% 60-Month CD at a Texas CU - Easy Membership (University)
- 4.50% 60-Month CD at a New York Bank (Bank of Utica)
- 4.50% 60-Month CD at a Illinois Bank (Millennium)
- 4.50% 60-Month CD at a Washington State CU (Prevail)
- 4.47% 60-Month CD at a Miami CU (MPS)
- 4.44% 60-Month CD at a Illinois CU (Kane County Teachers)
- 4.33% 60-Month CD at a New York CU (LOMTO)
- 4.00% 60-Month CD at a California CU - IRA/Easy Membership (Provident)
Terms of 24 Months to Under 60 Months
- 5.50% 24-Month CD at a New York CU (Buffalo Metropolitan)
- 5.10% 24-Month CD at a New Hampshire Credit Union (NHFCU)
- 5.05% 24-Month CD at a Illinois CU - ASI-Insured Only (Abbott Laboratories Employees)
- 4.96% 36-Month CD at a Missouri CU (Health Care Family)
- 4.80% 48-Month CD at a California CU (Pacific Transportation)
- 4.78% 49-Month CD at a Pennsylvania CU (Galaxy)
- 4.75% 36-Month CD at a California CU (First Imperial)
- 4.57% 36-Month CD at a Virginia CU (Northwest)
- 4.52% 36-Month CD at a Texas CU - Up to 5.31% (Lone Star)
- 4.50% 55-Month CD at a Florida Bank (Third Federal Savings & Loan)
- 4.45% 24-Month CD at a Arizona CU (First)
- 4.44% 30-Month CD at a Washington State CU (Prevail)
- 4.39% 36-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.25% 36-Month CD at a Central New Jersey CU (United Teletech Financial)
- 4.20% 25-Month CD at a Missouri CU (American Eagle)
- 4.10% 24-Month CD at a Washington State Bank (Westsound)
- 4.00% 48-Month CD at a Ohio Bank (Community National)
- 4.00% 30-Month CD at a California CU - Add-On (Pacific Service)
- 4.00% 55-Month CD at a California CU - IRA (The Golden 1)
Terms of 12 Months to Under 24 Months
- 5.08% 12-Month CD at a Michigan CU (Christian Financial)
- 5.05% 12-Month CD at a California CU (Pacific Transportation)
- 5.00% 12-Month CD at a Colorado Bank (New Frontier)
- 5.00% 12-Month CD at a New Hampshire Credit Union (NHFCU)
- 4.85% 12-Month CD at a Michigan CU (Heartland Employees)
- 4.80% 12-Month CD at a California CU (Educational Employees)
- 4.80% 12-Month CD at a Georgia Bank (Carver State)
- 4.60% 21-Month CD at a Pennsylvania CU (Tri Boro)
- 4.58% 15-Month CD at a Virginia/DC Credit Union (State Department)
- 4.50% 14-Month CD at a North Florida CU (Coastline)
- 4.50% 18-Month CD at a Texas CU (SACU)
- 4.47% 18-Month CD at a Miami CU (MPS)
- 4.44% 18-Month CD at a Illinois CU (Kane County Teachers)
- 4.37% 13-Month CD at a Pennsylvania CU (Galaxy)
- 4.20% 12-Month CD at a Texas CU - Easy Membership (University)
- 4.07% 12-Month CD at a New York CU (LOMTO)
- 4.00% 15-Month CD at a California CU - IRA (The Golden 1)
- 3.75% 12-Month CD at a Hawaii Credit Union (Valley Isle Community)
Terms of Under 12 Months
- 7.00% 6-Month CD at a Premier America CU - $5K Max - Easy Membership
- 5.00% 5-Month CD at a Massachusetts Credit Union (First Priority)
- 5.00% 6-Month CD at a Georgia Bank (Integrity Bank)
- 5.00% 3-Month CD at a California Credit Union (California Pacific)
- 5.00% 5-Month CD at a California CU (Pacific Transportation)
- 5.00% 5-Month CD at a Multi-State CU - $25K Max / Easy Membership (Xerox)
- 5.00% 5-Month CD at a Indiana CU (Fortress)
- 4.65% 7-Month CD at a New Jersey Bank - and $150 Checking Bonus (Valley National Bank)
- 4.65% 8-Month CD at a Arizona CU - Up to 5.15% (Canyon State)
- 4.55% 6-Month CD at a California Bank (Hanmi)
- 4.50% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
- 4.40% 8-Month CD at a New York CU - Jumbo (Teachers)
- 4.39% 7-Month CD at a California Bank (Pacific State)
- 4.35% 6-Month CD at a Michigan CU (Heartland Employees)
- 4.30% 7-Month CD at a Pennsylvania CU (Tri Boro)
- 4.26% 6-Month CD at a Illinois Bank (Millennium)
- 4.25% 7-Month CD at a California CU - with liquid option (Southland)
- 4.25% 4-Month CD at a Central New Jersey CU (United Teletech Financial)
- 4.11% 7-Month CD at a Missouri CU (American Eagle)
- 4.00% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
- 4.00% 6-Month CD at a Hawaii Credit Union (Valley Isle Community)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 4.05% rate for $50k+
- Vanguard Prime Money Market Fund - 3.71% 7-day yield
- TIAA-CREF Money Market Fund - 3.58% 7-day yeild
- Fidelity Money Market Fund - 3.41% 7-day yield ($100 bonus and other info)
- Paypal Money Market Fund - 3.35% 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)
Update 3/2/08: Corrected Savings Account rate and min for Direct Huntington. I had overlooked new rate tiers. 3.50% is only for $100K+.
Nationwide Savings Accounts
Related Posts
Useful Resources
- Weekly Rate Summary
- Bank Reviews
- Bank Health Ratings
- Savings Account Rates (filterable)
- CD Rates (filterable)
- IRA Rates (filterable)
- Checking Accounts (filterable)
- 40 Ways to Get the Most Out of Your Bank
- The Big List of Credit Unions Open to Anyone
- What Do You Need to Open a Bank Account?
- Difference Between Banks and Credit Unions
- Interest Rate vs. APY
- Difference Between Wire Transfer and ACH
- How ACH Transfers Work
- Do I Have to Pay Taxes on Bank Account Interest
- How to Build a CD Ladder
- Blog Archive
- Popular Blog Categories
Featured Accounts
CIT Bank
3-year Term IRA CD
1.21% APY
3-year Term IRA CD
1.21% APY
* All banks listed are a Member FDIC.
Anonymous - #1, Saturday, March 1, 2008 - 7:12 PM
This is for anyone who has a CD maturing at amtrust bank. I had a 9 mo CD for $1000.00 mature and received a $25.00 reward for renewing it for 6 mo"s. While the $25.00 is not much money but when you figure it is for only $1000 .00 for 6 months I beleive that comes to 5% plus the 2.99% regular interest makes it worth while. Would like to think its a sign rates are about to bottom out but who knows.
Anonymous - #2, Sunday, March 2, 2008 - 11:21 AM
What is wrong with the "Found a Deal" link? The last one has a date of Feb. 7th. Am sure more recent items have been listed.
Banking Guy (anonymous) - #3, Sunday, March 2, 2008 - 3:34 PM
Looks like Blogger made some changes. I think only the first 200 are being shown, but there's no "next" button. For the time being you can select "post comment" and then select "Newer posts" to see the latest. I'll see if I can fix this and get another deals post going.
Anonymous - #4, Wednesday, March 5, 2008 - 12:41 PM
UmbrellaBank.com lowered rates on Pot O' Gold Money Market to 3.90% for amounts over $1,000.
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