Bank Deals Weekly Summary for March 22, 2008
Mar 22, 2008 - 5:08 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
It didn't take long for banks to respond to the Fed's 75-basis-point rate cut. Many online banks slashed their rates this week. Some of the major ones include ING Direct, HSBC, E-LOAN and WaMu. With the Fed funds rate at 2.25%, I'm afraid savings account rates are starting to fall below 3%. Emigrant Direct's savings account is one of them. The rate fell from 3.30% to 2.75% APY which is now even lower than the rate that Emigrant Direct offered when it first launched at the start of 2005.
The Best Savings Accounts?
There are still seven savings accounts with non-promo rates at or above 4% APY. Century Bank Direct is one of them. Its savings account rate did drop this week, but its rate remains near the top with a yield of 4.01% APY. Out of these seven top savings accounts, four are from institutions that have a history of top rates for over a year. These include Countrywide, Corus Bank, OneUnited and Alliant Credit Union.
Countrywide has the best online savings account features, but with Countrywide's problems and with the pending Bank of America acquisition, there's some uncertainty with Countrywide. Even if the acquisition goes through, you have to wonder if this savings account will remain competitive. (see account review).
Corus Bank used to peg its money market account rate to T-Bill yields. This had kept it competitive until last year when the credit crisis started and T-Bill rates plummeted. Corus ended the T-Bill indexing, and the rates became competitive once again. Unlike Countrywide, Corus' money market account offers checks. On the downside, it lacks an ACH transfer system and it has a monthly fee if the balance falls below $10K (see account review).
OneUnited had kept its savings account rate at 5.30% APY for all of last year, and it didn't start dropping the rate until last month. It also has an ACH transfer system. The main problem with this bank seems to be bad customer service. Many readers have reported trouble in trying to reach the customer service. Also, the account opening process is very slow (see account review).
Alliant Credit Union's savings account rate never reached 5% but it has remained competitive over the last couple of years. The rate was 4.85% APY for all of last year, and now it's near the top with a yield of 4.35% APY with only a $100 minimum (see credit union review).
CD Rates Update
Like savings account rates, CD rates were slashed this week. Alliant Credit Union lowered its CD rates, but they're still very competitive. The top yields for terms of 12 to 17 months fell from 4.90% to 4.40% APY.
Indymac Bank actually raised its 12-month and 18-month CD rate. The new yield is 4.15% APY (up from 4.05%). Unfortunately, all of its other CD terms now have very low yields (see account review).
Like Indymac, Countrywide cut its short term CD rates and raised its 12-month CD rate which is now at 4.20% APY (see account review).
For long term CDs, National City Bank still has the best deal. It again extended its 5.00% APY 4-year CD special for another week. Its 4.00% APY 2-year CD was also extended (see account review).
Indymac, Countrywide and National City have all been hit by the credit crisis, so be sure to keep deposits under the FDIC limits.
Reward Checking Accounts
The big reward checking account news this week was the rate cut at State Bank of Toledo. The rate fell from 5.01% to 4.01% APY. State Bank of Toledo had offered a yield of 6.01% APY nationwide with no balance cap during the second half of last year. In December it lowered the rate to 5.01% APY and added a $70K balance cap. Reward checking accounts with smaller caps like $25K have been able to maintain the high rates. I still have six reward checking accounts with yields around 6% APY. One has a $50K balance cap; another has a $30K cap, and the remaining four have a $25K cap. So hopefully, this will help these accounts keep the high yield. I wouldn't be surprised if we do see some cuts. Provident Credit Union launched its reward checking account last summer with a 6.01% APY and a $25K cap. In the last three months, the yield has dropped to 5.01% APY. So I would be surprised if any of these 6% accounts keep the 6% yield for all of this year. My hope is that they'll at least maintain rates 2% above the online savings account rates. For the list of these nationwide reward checking accounts, please refer to my list below.
I found a few more reward checking accounts this week (see recap below). Unfortunately, these are only local deals.
Rates will likely continue to fall so please check with the institutions to make sure the rates 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 Mar 15th, Mar 8th, Mar 1st, Feb 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th and Jan 19th.
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 22, 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)
It didn't take long for banks to respond to the Fed's 75-basis-point rate cut. Many online banks slashed their rates this week. Some of the major ones include ING Direct, HSBC, E-LOAN and WaMu. With the Fed funds rate at 2.25%, I'm afraid savings account rates are starting to fall below 3%. Emigrant Direct's savings account is one of them. The rate fell from 3.30% to 2.75% APY which is now even lower than the rate that Emigrant Direct offered when it first launched at the start of 2005.
The Best Savings Accounts?
There are still seven savings accounts with non-promo rates at or above 4% APY. Century Bank Direct is one of them. Its savings account rate did drop this week, but its rate remains near the top with a yield of 4.01% APY. Out of these seven top savings accounts, four are from institutions that have a history of top rates for over a year. These include Countrywide, Corus Bank, OneUnited and Alliant Credit Union.
Countrywide has the best online savings account features, but with Countrywide's problems and with the pending Bank of America acquisition, there's some uncertainty with Countrywide. Even if the acquisition goes through, you have to wonder if this savings account will remain competitive. (see account review).
Corus Bank used to peg its money market account rate to T-Bill yields. This had kept it competitive until last year when the credit crisis started and T-Bill rates plummeted. Corus ended the T-Bill indexing, and the rates became competitive once again. Unlike Countrywide, Corus' money market account offers checks. On the downside, it lacks an ACH transfer system and it has a monthly fee if the balance falls below $10K (see account review).
OneUnited had kept its savings account rate at 5.30% APY for all of last year, and it didn't start dropping the rate until last month. It also has an ACH transfer system. The main problem with this bank seems to be bad customer service. Many readers have reported trouble in trying to reach the customer service. Also, the account opening process is very slow (see account review).
Alliant Credit Union's savings account rate never reached 5% but it has remained competitive over the last couple of years. The rate was 4.85% APY for all of last year, and now it's near the top with a yield of 4.35% APY with only a $100 minimum (see credit union review).
CD Rates Update
Like savings account rates, CD rates were slashed this week. Alliant Credit Union lowered its CD rates, but they're still very competitive. The top yields for terms of 12 to 17 months fell from 4.90% to 4.40% APY.
Indymac Bank actually raised its 12-month and 18-month CD rate. The new yield is 4.15% APY (up from 4.05%). Unfortunately, all of its other CD terms now have very low yields (see account review).
Like Indymac, Countrywide cut its short term CD rates and raised its 12-month CD rate which is now at 4.20% APY (see account review).
For long term CDs, National City Bank still has the best deal. It again extended its 5.00% APY 4-year CD special for another week. Its 4.00% APY 2-year CD was also extended (see account review).
Indymac, Countrywide and National City have all been hit by the credit crisis, so be sure to keep deposits under the FDIC limits.
Reward Checking Accounts
The big reward checking account news this week was the rate cut at State Bank of Toledo. The rate fell from 5.01% to 4.01% APY. State Bank of Toledo had offered a yield of 6.01% APY nationwide with no balance cap during the second half of last year. In December it lowered the rate to 5.01% APY and added a $70K balance cap. Reward checking accounts with smaller caps like $25K have been able to maintain the high rates. I still have six reward checking accounts with yields around 6% APY. One has a $50K balance cap; another has a $30K cap, and the remaining four have a $25K cap. So hopefully, this will help these accounts keep the high yield. I wouldn't be surprised if we do see some cuts. Provident Credit Union launched its reward checking account last summer with a 6.01% APY and a $25K cap. In the last three months, the yield has dropped to 5.01% APY. So I would be surprised if any of these 6% accounts keep the 6% yield for all of this year. My hope is that they'll at least maintain rates 2% above the online savings account rates. For the list of these nationwide reward checking accounts, please refer to my list below.
I found a few more reward checking accounts this week (see recap below). Unfortunately, these are only local deals.
Rates will likely continue to fall so please check with the institutions to make sure the rates that I've posted are still available. If they're not, please leave a comment.
Recap for the Week
Banking News
- Fed Cuts Rates by 75 Basis Points - Best Savings Strategies in this Environment?
- The Fed Makes a Surprise Move to Ease Credit Crisis
Savings Accounts - National
- Savings and Checking Account Rates Slashed - WaMu, HSBC, Emigrant, E-LOAN, and More
- Online Banks Quick to Cut Rates after Yesterday's Fed Rate Cut
CD Deals - National
- Countrywide Bank Raises 12-month CD Yield to 4.20%
- 5.00% 48-Month / 4.00% 24-Month CD Special Continues at National City Bank
Checking/Savings Account Bonuses
- $150 Checking Account Bonus at Susquehanna Bank
- $100 Checking Account Bonus at a Missouri CU (American Eagle)
- $40 Checking Account Bonus at National Bank of Kansas City
Reward Checking Accounts
- 6.01% Reward Checking Account at a Richmond Virgina CU (New Generations)
- 4.05% Reward Checking Account at a California Bank (Hanmi)
- 6.01% Reward Checking Account at an IL/IA Bank (Southeast National)
- 6.01% Reward Checking Account at a Texas Credit Union (MCT)
- 6.00% Reward Checking Account at Reliant Bank in Tennessee
CD and Money Market Deals - Local
- 4.25% 9-Month CD at an Arizona CU (Tucson Old Pueblo)
- 4.23% 12-Month / 4.33% 24-Month CD at a Texas CU (NavyArmy)
- 4.18% 24-Month / 3.98% 14-Month CD at a Florida Bank (Heritage)
- 4.10% 12-Month CD at a New York CU (Hudson Valley)
- 4.14% 14-Month CD at an Ohio Credit Union (Glass City)
- 4.00% Money Market Promo with Yield Guaranteed to June 30th at Banco Popular
- 4.50% Money Market 4-Month Promotion and CD Specials at a New Jersey CU (United Teletech Financial)
- 4.60% 36-Month / 4.25% 12-Month CD at a Massachusetts CU (Central One)
- 4.78% 60-Month / 4.04% 18-Month CD at a California CU (UNCLE)
- 4.89% 60-Month / 4.73% 12-Month CD at a California/Arizona CU (United Methodist)
- 6.17% 9-Month CD at a Louisiana CU - IRA (Neighbors)
- 4.00% 5-Month CD at a California CU - Add-On Feature (OCTFCU) EXPIRED
- 4.25% 12-Month / 4.30% 24-Month CD at a VA/NC Credit Union (Call)
- 4.25% 6-Month / 4.10% 12-Month CD at an Oregon Bank (Lewis & Clark)
- 4.00% 6-Month CD at a Florida Bank - Liquid Feature (Grand Bank & Trust)
- 4.25% 6-Month CD at a Florida CU (Tropical Financial)
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 Mar 15th, Mar 8th, Mar 1st, Feb 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th and Jan 19th.
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 22, 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
- EverBank - 4.51% ($1.5K min), 3mo promo, account review
- Provident Direct - 4.50%, account review
- Alliant Credit Union - 4.35% (min $100) account review
- ShoreBank - 4.15%, account review ($25 bonus)
- Countrywide - 4.05% (min $10K), account review
- Century Bank Direct - 4.01% (min $100), not available in all states account review
- Corus Bank - 4.00% MMA (min $10K) account review
- OneUnited - 4.00% (min $1K), account review ($50 bonus)
- Bank of Internet - 3.90% MMA (offers 3.75% checking) account review
- UmbrellaBank - 3.90% MMA (min $1K), account review
- Flagstar - 3.90% MMA, account review
- Zions Bank - 3.87% MMA, outside of Utah, (min $1K) (3.98% $50K+, 4.03% $100K+), account review
- Capital One - 3.85% (Savings) (min $10K)
- Doral Bank Direct - 3.75% (min $1K) account review
- AmboyDirect - 3.65% (Premium Savings) post ($25 bonus)
- Amboy Direct - 3.56% (min $3K) (eSavings) account review
- WTDirect - 3.56% ($10K min), account review
- Melrose CU - 3.55% (min $25) account review
- Washington Mutual - 3.55% (requires checking), account review
- iGObanking - 3.52%, account review
- EverBank - 3.51% ($1.5K min) account review
- KeyDirect - 3.50% MMA (min $50), Not all states, account review
- grand yield direct - 3.50% (min $2.5K) account review
- Savings Square - 3.50%, account review
- ETrade Bank - 3.45%, post ($25 bonus)
- M&T Bank - 3.45%, account review
- FirstFedDirect - 3.40% (min $1K) (closed to CA residents), account review
- UFB Direct - 3.35%, account review
- GCF Bank - 3.34% (min $100), 3-mo promo, account review
- CapitalOne/Costco - 3.30% MMA (min $1K, Costco members only, $50 deal for exec. members)
- Discover Bank - 3.30% MMA (min $2.5K) (3.40% for $50K+) account & bonus review
- Citibank - 3.25% (Ultimate Money) requires chking & bill pay, account review
- MetLife Bank - 3.25% MMA (min $5K), post ($50 bonus)
- AmTrustDirect - 3.25% (e-Savings) account review
- FNBO Direct - 3.25%, account review
- BankUnited - 3.25% (min $5K), account review
- Capital One - 3.10% MMA, account review
- Imperial Capital - 3.10% MMA ($2.5K min) (3.75% for $100K+) account review
- Salem Five Direct - 3.10% Checking (3.60% $100K+), account review
- Rainier Pacific - 3.10% MMA account review
- Heartland Bank Direct - 3.05%, ($500 min), account review
- HSBC Direct - 3.05%, account review
- Charles Schwab - 3.01% Checking, account review
- GMAC Bank - 3.00% MMA (min $500), account review
- Transportation Alliance Bank - 3.00%, ($25 min), account review
- Indymac Bank - 3.00% MMA (min $25K) (4.00% $75K+) account review
- ING Direct - 3.00%, (1.75% checking), post ($25 bonus)
- E-LOAN - 3.00% ($5K min), account review
- Bank of America NEA - 2.91% MMA ($10K min) (3.17% for $50K+) account review
- PFF Bank and Trust - 2.90% (min $1K), account review
- Mutual Bank - 2.75% MMA (min $5K), account review
- EmigrantDirect - 2.75%, account review
- BancoFortuna.com - 2.75%, account review
- Presidential Bank - 2.75% (min $5K, only first $35K receives this rate), offers 2.10% checking, account review
- UnivestDirect - 2.70%, (1.80% checking), account review
- AmTrustDirect - 2.50% (e-Money Market) (2.75% $25K+, 3.00% $50K+) account review
- Direct Huntington - 2.50% ($10K min) (3.00% $100K+), account review
- MyBankingDirect - 2.50% MMA (min $5K), account review
- VirtualBank - 2.28% (min $100), (3.05% $50K+/ 3.30% $100K+) offers checking, post ($20 bonus)
- Bank of America DoW - 2.12% MMA (min $10K) (2.38% for $50K+), account review
- Self-Help Credit Union - 2.11% MMA (min $500), account review
- ebank - 2.00% MMA ($10K min) (3.00% for $100K+), account review
- NewBank - 2.00% Checking, post ($50 bonus)
- Tennessee Commerce Bank - 1.25% (min $10K), account review
3-Month Certificates of Deposit:
- UmbrellaBank - 3.75% (min $1K)
- Imperial Capital - 3.70%, ($2K min), account review
- GMAC Bank - 3.50% (min $500), account review
- FirstFedDirect - 3.40% (min $10K), account review
- EverBank - 3.35% ($1.5K min)
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Countrywide - 3.25% (min $10K), account review
- VirtualBank - 3.25% (min $10K), account review
- E-LOAN - 2.75% ($10K min), account review
- National Bank of KC - 2.75% (min $10K), account review
- Element Financial - 2.65% (min $10K), account review
- IndyMac Bank - 2.60% (min $5K), account review
- UFB Direct - 2.60% (min $8K)
- ETrade Bank - 2.25% (min $1K), account review
- Self-Help Credit Union - 1.69% (min $500), account review
6-Month Certificates of Deposit:
- Xerox FCU - 5.00% (min $500/max $25K) account review
- Corus Bank - 3.85% (min $10K) account review
- Flagstar - 3.80% (min $500), account review
- UmbrellaBank - 3.75% (min $1K)
- Doral Bank Direct - 3.75% (min $1K) account review
- Air Academy FCU - 3.70% (min $10K) account review
- NASA FCU - 3.65% (5 mo) (min $5K) account review
- GMAC Bank - 3.60% (min $500), account review
- University FCU - 3.60% (min $2.5K), account review
- FirstFedDirect - 3.51% (min $10K), account review
- CU of Georgia - 3.51% (min $50K), account review
- AmboyDirect - 3.50% (7 mo) (min $10K), account review
- Imperial Capital - 3.50%, ($2K min), account review
- Western FCU - 3.47% (min $40K), account review
- Intervest - 3.43% (min $2.5K), account review
- Advanta Bank - 3.40% (min $10K), account review
- Mountain America CU - 3.40% (min $1K) account review
- Northrop Grumman FCU - 3.39% (min $40K), account review
- Tennessee Commerce Bank - 3.35% (min $5K)
- EverBank - 3.30% ($1.5K min)
- La Jolla Bank - 3.30% (min $10K), account review
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Ascencia Bank - 3.25% (min $500), account review
- Countrywide - 3.25% (min $10K), account review
- VirtualBank - 3.05% (min $10K), account review
- E-LOAN - 3.00% ($10K min), account review
- National Bank of KC - 3.00% (min $10K), account review
- Century Bank Direct - 2.95% (5 mo) (min $1K) account review
- Principal Bank - 2.90% (7 mo) (min $5K), account review
- Capital One - 2.75% (min $5K)
- ING Direct - 2.75%, account review
- iGObanking - 2.75% (min $500), account review
- Element Financial - 2.70% (min $10K), account review
- Washington Mutual - 2.65% (min $1K), account review
- Bank of Internet - 2.62% (min $1K) account review
- AmTrustDirect - 2.50% (min $1K) account review
- IndyMac Bank - 2.50% (min $5K), account review
- EmigrantDirect - 2.50% (min $1K)
- UFB Direct - 2.35% (min $8K)
- ETrade Bank - 2.30% (min $1K), account review
- Wells Fargo - 2.25% (5 months) (min $5K), rate and min vary by state, account review
- KeyDirect - 2.25% (min $5K), Not all states, account review
- Lehman Brothers Bank - 2.07% (min $1K)
- Self-Help Credit Union - 1.90% (min $500), account review
9-Month Certificates of Deposit:
- Doral Bank Direct - 3.75% (min $1K) account review
- GMAC Bank - 3.60% (min $500), account review
- Imperial Capital - 3.50% ($2K min), account review
- UmbrellaBank - 3.50% (min $1K)
- EverBank - 3.30% ($1.5K min)
- Countrywide - 3.25% (min $10K), account review
- FirstFedDirect - 3.20% (min $10K), account review
- Century Bank Direct - 3.15% (10 mo) (min $1K) account review
- National Bank of KC - 3.00% (min $10K), account review
- Academy Bank - 2.95% (min $500), account review
- Element Financial - 2.80% (min $10K), account review
- VirtualBank - 2.79% (min $10K), account review
- iGObanking - 2.75% (min $500), account review
- Bank of Internet - 2.62% (min $1K) account review
- ING Direct - 2.50% (new money), account review
- EmigrantDirect - 2.50% (min $1K)
- IndyMac Bank - 2.40% (min $5K), account review
- AmTrustDirect - 2.00% (min $1K) account review
12-Month Certificates of Deposit:
- Alliant Credit Union - 4.40% (min $25K) account review
- Zopa - 4.25% (min $500) account review
- Countrywide - 4.20% (min $10K), account review
- IndyMac Bank - 4.15% (min $5K), account review
- University FCU - 3.95% (min $2.5K), account review
- Air Academy FCU - 3.90% (min $10K) account review
- Delta Community CU - 3.75% (min $1K) account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Imperial Capital - 3.65% ($2K min), account review
- Navy FCU - 3.65% ($20K min) (3.80% for $100K+) restrictions to membership, account review
- UmbrellaBank - 3.63% (min $1K)
- CU of Georgia - 3.61% (min $50K), account review
- GMAC Bank - 3.60% (min $500), account review
- Advanta Bank - 3.60% (min $10K), account review
- Western FCU - 3.55% (min $40K), account review
- Air Force FCU - 3.55% (min $25K) restrictions to membership, account review
- Melrose CU - 3.55% (min $5K) account review
- Northrop Grumman FCU - 3.53% (min $40K), account review
- Transportation Alliance Bank - 3.51% ($1K min)
- Discover Bank - 3.51% (min $2.5K)
- Corus Bank - 3.50% (min $10K) account review
- Pacific Mercantile Bank - 3.50% (min $10K) account review
- Mountain America CU - 3.49% (min $1K) account review
- Intervest - 3.45% (min $2.5K), account review
- First State Bank - 3.40% ($1K min), account review
- Tennessee Commerce Bank - 3.40% (min $5K)
- Flagstar - 3.40% (min $500), account review
- La Jolla Bank - 3.35% (min $10K), account review
- Mutual Bank - 3.30% (min $1K) account review
- EverBank - 3.29% ($1.5K min)
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- FirstFedDirect - 3.15%, (min $10K) account review
- National Bank of KC - 3.15% (min $10K), account review
- Principal Bank - 3.15% (14 mo) (min $5K), account review
- Huntington - 3.10% (min $2K) account review
- VirtualBank - 3.05% (min $10K), account review
- Ascencia Bank - 3.01% (min $500), account review
- Capital One - 3.00% (min $5K)
- Element Financial - 3.00% (min $10K), account review
- E-LOAN - 3.00% ($10K min), account review
- NewBank - 3.00% (min $5K), account review
- GTE FCU - 2.94% (min $500) account review
- Academy Bank - 2.90% (min $500), account review
- Washington Mutual - 2.85% (min $1K), account review
- Apple Bank - 2.75% (min $500) account review
- iGobanking - 2.75% (min $500), account review
- ING Direct - 2.50% account review
- EmigrantDirect - 2.50% (min $1K)
- Bank of Internet - 2.43% (min $1K) account review
- UFB Direct - 2.30% (min $8K)
- AmTrustDirect - 2.25% (min $1K) account review
- KeyDirect - 2.25% (min $5K), Not all states, account review
- H&R Block Bank - 2.25% (min $250) account review
- ETrade Bank - 2.15% (min $1K), account review
- Lehman Brothers Bank - 2.12% (min $1K)
- Self-Help Credit Union - 2.11% (min $500), account review
18-Month Certificates of Deposit:
- Alliant Credit Union - 4.40% (17 mo) (min $25K) account review
- IndyMac Bank - 4.15% (min $5K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Advanta Bank - 3.66% (min $10K), account review
- GMAC Bank - 3.60% (min $500)
- Discover Bank - 3.56% (min $2.5K)
- Mountain America CU - 3.55% (min $1K) account review
- Intervest - 3.46% (min $2.5K), account review
- Tennessee Commerce Bank - 3.40% (min $5K)
- Flagstar - 3.40% (min $500), account review
- EverBank - 3.29% ($1.5K min)
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- First State Bank - 3.15% ($1K min), account review
- National Bank of KC - 3.15% (min $10K), account review
- Element Financial - 3.05% (min $10K), account review
- Capital One - 3.00% (min $5K)
- Countrywide - 3.00% (min $10K)
- NewBank - 3.00% (min $5K), account review
- Academy Bank - 2.85% (min $500) account review
- VirtualBank - 2.79% (min $10K), account review
- iGObanking - 2.75% (min $500) account review
- ING Direct - 2.50%, account review
- EmigrantDirect - 2.50% (min $1K)
- H&R Block Bank - 2.50% (min $250) account review
- Bank of Internet - 2.43% (min $1K) account review
- AmTrustDirect - 2.25% (min $1K) account review
- Lehman Brothers Bank - 2.17% (min $1K)
- ETrade Bank - 2.10% (min $1K), account review
24-Month Certificates of Deposit:
- Alliant Credit Union - 4.15% (min $25K) account review
- Air Academy FCU - 4.10% (min $10K) account review
- University FCU - 4.05% (min $2.5K), account review
- National City Bank - 4.00% (min $10K), account review
- Delta Community CU - 3.90% (min $1K) account review
- GMAC Bank - 3.75% (min $500)
- CU of Georgia - 3.71% (min $50K), account review
- Navy FCU - 3.70% ($20K min) (3.85% for $100K+) restrictions to membership, account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Advanta Bank - 3.66% (min $10K), account review
- Air Force FCU - 3.65% (min $25K) restrictions to membership, account review
- Western FCU - 3.64% (min $40K), account review
- Mountain America CU - 3.60% (min $1K) account review
- Discover Bank - 3.56% (min $2.5K)
- Melrose CU - 3.55% (min $5K) account review
- Ascencia Bank - 3.51% (min $500), account review
- Transportation Alliance Bank - 3.50% ($1K min)
- Intervest - 3.50% (min $2.5K), account review
- Northrop Grumman FCU - 3.42% (min $40K), account review
- Mutual Bank - 3.40% (min $1K) account review
- Tennessee Commerce Bank - 3.40% (min $5K)
- Flagstar - 3.35% (min $500), account review
- National Bank of KC - 3.35% (min $10K), account review
- EverBank - 3.29% ($1.5K min)
- Presidential Bank - 3.25% (min $1K)
- KeyDirect - 3.25% (min $5K),Not all states, account review
- E-LOAN - 3.25% ($10K min), account review
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Element Financial - 3.10% (min $10K), account review
- Capital One - 3.00% (min $5K)
- Countrywide - 3.00% (min $10K)
- Apple Bank - 3.00% (min $500) account review
- NewBank - 3.00% (min $5K), account review
- VirtualBank - 2.79% (min $10K), account review
- ING Direct - 2.50% account review
- H&R Block Bank - 2.50% (min $250) account review
- IndyMac Bank - 2.40% (min $5K), account review
- UFB Direct - 2.40% (min $8K)
- Lehman Brothers Bank - 2.28% (min $1K)
- Bank of Internet - 2.20% (min $1K) account review
- Self-Help Credit Union - 2.02% (min $500), account review
- AmTrustDirect - 2.00% (min $1K) account review
36-Month Certificate of Deposit:
- Air Academy FCU - 4.30% (min $10K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- University FCU - 4.10% (min $2.5K), account review
- GMAC Bank - 4.00% (min $500)
- Delta Community CU - 3.90% (min $1K) account review
- Discover Bank - 3.82% (min $2.5K)
- CU of Georgia - 3.82% (min $50K), account review
- Navy FCU - 3.80% ($20K min) (3.90% for $100K+) restrictions to membership, account review
- Melrose CU - 3.80% (min $5K) account review
- Agriculture FCU - 3.75% (min $1K), account review
- Advanta Bank - 3.75% (min $10K), account review
- Western FCU - 3.72% (min $40K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Air Force FCU - 3.70% (min $25K) restrictions to membership, account review
- Mountain America CU - 3.70% (min $1K) account review
- Northrop Grumman FCU - 3.59% (min $40K), account review
- Patelco CU - 3.56% ($1K min), account review
- Intervest - 3.55% (min $2.5K), account review
- First State Bank - 3.50% ($1K min), account review
- Mutual Bank - 3.50% (min $1K) account review
- KeyDirect - 3.50% (35 mo) (min $5K), Not all states, account review
- Transportation Alliance Bank - 3.49% ($1K min)
- Capital One - 3.45% (min $5K)
- Tennessee Commerce Bank - 3.45% (min $5K)
- National Bank of KC - 3.45% (min $10K), account review
- Flagstar - 3.40% (min $500), account review
- EverBank - 3.30% ($1.5K min)
- E-LOAN - 3.25% ($10K min), account review
- Element Financial - 3.25% (min $10K), account review
- Principal Bank - 3.20% (33 mo) (min $5K), account review
- H&R Block Bank - 3.00% (min $250) account review
- Countrywide - 3.00% (min $10K)
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- NewBank - 3.00% (min $5K), account review
- IndyMac Bank - 2.80% (min $5K), account review
- VirtualBank - 2.79% (min $10K), account review
- UFB Direct - 2.70% (min $8K)
- Bank of Internet - 2.54% (min $1K) account review
- ING Direct - 2.50%, account review
- EmigrantDirect - 2.50% (min $1K)
- ETrade Bank - 2.45% (min $1K), account review
- Lehman Brothers Bank - 2.38% (min $1K)
- Self-Help Credit Union - 2.36% (min $500), account review
- AmTrustDirect - 2.00% (min $1K) account review
48-Month Certificate of Deposit:
- National City Bank - 5.00% (min $10K), account review
- Air Academy FCU - 4.40% (min $10K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- University FCU - 4.20% (min $2.5K), account review
- GMAC Bank - 4.00% (min $500)
- KeyDirect - 4.00% (min $5K), Not all states, account review
- Mountain America CU - 4.00% (min $1K) account review
- Discover Bank - 3.97% (min $2.5K)
- CU of Georgia - 3.92% (min $50K), account review
- Agriculture FCU - 3.90% (min $1K), account review
- Advanta Bank - 3.90% (min $10K), account review
- Navy FCU - 3.85% ($20K min) (3.90% for $100K+) restrictions to membership, account review
- Northrop Grumman FCU - 3.85% (min $40K), account review
- Western FCU - 3.84% (min $40K), account review
- M&T Bank - 3.81% (min $5K) account review
- Melrose CU - 3.80% (min $5K) account review
- USA FCU - 3.76% (min $1K) account review
- Capital One - 3.75% (min $5K)
- Washington Mutual - 3.75% (min $1K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Patelco CU - 3.66% ($1K min), account review
- First State Bank - 3.65% ($1K min), account review
- Flagstar - 3.65% (min $500), account review
- Intervest - 3.60% (min $2.5K), account review
- H&R Block Bank - 3.50% (min $250) account review
- E-LOAN - 3.50% ($10K min), account review
- Transportation Alliance Bank - 3.48% ($1K min)
- Tennessee Commerce Bank - 3.45% (min $5K)
- Element Financial - 3.45% (min $10K), account review
- National Bank of KC - 3.45% (min $10K), account review
- EverBank - 3.30% ($1.5K min)
- IndyMac Bank - 3.05% (min $5K), account review
- Countrywide - 3.00% (min $10K)
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- Bank of Internet - 2.88% (min $1K) account review
- VirtualBank - 2.79% (min $10K), account review
- Self-Help Credit Union - 2.66% (min $500), account review
- ING Direct - 2.50%, account review
- EmigrantDirect - 2.50% (min $1K)
- Lehman Brothers Bank - 2.43% (min $1K)
60-Month Certificate of Deposit:
- Pentagon Federal CU - 4.75% (min $1K), account review
- Air Academy FCU - 4.50% (min $10K) account review
- University FCU - 4.30% (min $2.5K), account review
- KeyDirect - 4.25% (min $5K), Not all states, account review
- GMAC Bank - 4.15% (min $500)
- Northrop Grumman FCU - 4.15% (min $40K), account review
- M&T Bank - 4.10% (min $5K) account review
- Mountain America CU - 4.09% (min $1K) account review
- Discover Bank - 4.08% (min $2.5K)
- Melrose CU - 4.06% (min $5K) account review
- Navy FCU - 4.05% ($20K min) (4.20% for $100K+) restrictions to membership, account review
- CU of Georgia - 4.02% (min $50K), account review
- Agriculture FCU - 4.00% (min $1K), account review
- Capital One - 4.00% (min $5K)
- Delta Community CU - 4.00% (min $1K) account review
- Advanta Bank - 4.00% (min $10K), account review
- Washington Mutual - 4.00% (min $1K), account review
- Western FCU - 3.97% (min $40K) account review
- USA FCU - 3.92% (min $1K) account review
- iGobanking - 3.86% (min $500), account review
- EverBank - 3.85% ($1.5K min)
- Air Force FCU - 3.85% (min $25K) restrictions to membership, account review
- Patelco CU - 3.82% ($1K min), account review
- Intervest - 3.80% (min $2.5K), account review
- Flagstar - 3.80% (min $500), account review
- E-LOAN - 3.80% ($10K min), account review
- First State Bank - 3.75% ($1K min), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Element Financial - 3.51% (min $10K), account review
- H&R Block Bank - 3.50% (min $250) account review
- Mutual Bank - 3.50% (min $1K) account review
- Telcom Credit Union - 3.50% (min $500) account review
- Transportation Alliance Bank - 3.47% ($1K min)
- UFB Direct - 3.45% (min $8K)
- Tennessee Commerce Bank - 3.45% (min $5K)
- National Bank of KC - 3.45% (min $10K), account review
- Presidential Bank - 3.35% (min $1K)
- Bank of Internet - 3.16% (min $1K) account review
- IndyMac Bank - 3.05% (min $5K), account review
- ETrade Bank - 3.00% (min $1K), account review
- ING Direct - 3.00%, account review
- Countrywide - 3.00% (min $10K)
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- Apple Bank - 3.00% (min $500) account review
- Self-Help Credit Union - 2.93% (min $500), account review
- VirtualBank - 2.79% (min $10K), account review
- EmigrantDirect - 2.50% (min $1K)
- Lehman Brothers Bank - 2.48% (min $1K)
- AmTrustDirect - 2.00% (min $1K) account review
84-Month Certificate of Deposit:
- Pentagon Federal CU - 5.00% (min $1K), account review
- Capital One - 4.75% (min $5K) (5% 10yr)
- KeyDirect - 4.75% (min $5K) (5% 10yr) Not all states, account review
- Navy FCU - 4.15% ($20K min) (4.20% for $100K+) restrictions to membership, account review
- Intervest - 3.82% (min $2.5K), account review
- Countrywide - 3.00% (min $10K)
- EmigrantDirect - 2.50% (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 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
- 4.01% Reward Checking at State Bank of Toledo - $70K Cap
Checking and Saving Accounts at Local Banks/Credit Unions
- Local High Yield Reward Checking Accounts
- 4.25% 3-Month Money Market Promo at Amboy (New Jersey)
- 3.60% Low-Minimum Online Savings Account (California)
- 3.40% No-Minimum Online Savings Account (New York)
- 3.40% Money Market Account (Utah)
- 3.25% Checking Account (Florida)
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
- 5.10% 60-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
- 5.04% 60-Month CD at a Texas CU - Up to 5.31% (Lone Star)
- 4.89% 60-Month CD at a California/Arizona CU (United Methodist)
- 4.87% 60-Month CD at a Missouri CU (Health Care Family)
- 4.78% 60-Month CD at a California CU (UNCLE)
- 4.70% 60-Month CD at a DC Credit Union (Library of Congress)
- 4.50% 60-Month CD at a New York Bank (Bank of Utica)
- 4.44% 60-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.33% 60-Month CD at a New York CU (LOMTO)
- 4.25% 60-Month CD at a Illinois Bank (Millennium)
- 4.20% 60-Month CD at a New York City CU - Easy Membership (Montauk)
- 4.05% 60-Month CD at a Chicago Bank (Cole Taylor)
Terms of 24 Months to Under 60 Months
- 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)
- 4.76% 36-Month CD at a Missouri CU (Health Care Family)
- 4.60% 36-Month CD at a Massachusetts CU (Central One)
- 4.58% 28-Month CD at a New York CU - IRA (Nassau Educators)
- 4.52% 36-Month CD at a Texas CU - Up to 5.31% (Lone Star)
- 4.40% 24-Month CD at a DC Credit Union (Library of Congress)
- 4.33% 24-Month CD at a Texas CU (NavyArmy)
- 4.30% 24-Month CD at a VA/NC Credit Union (Call)
- 4.18% 36-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.18% 24-Month CD at a Florida Bank (Heritage)
- 4.00% 55-Month CD at a California CU - IRA (The Golden 1)
Terms of 12 Months to Under 24 Months
- 5.00% 12-Month CD at a New Hampshire Credit Union (NHFCU)
- 4.85% 12-Month CD at a Michigan CU (Heartland Employees)
- 4.73% 12-Month CD at a California/Arizona CU (United Methodist)
- 4.58% 15-Month CD at a Virginia/DC Credit Union (State Department)
- 4.45% 12-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
- 4.25% 12-Month CD at a VA/NC Credit Union (Call)
- 4.25% 12-Month CD at a Massachusetts CU (Central One)
- 4.23% 12-Month CD at a Texas CU (NavyArmy)
- 4.15% 12-Month CD at a Houston Credit Union (PrimeWay)
- 4.14% 14-Month CD at a Ohio Credit Union (Glass City)
- 4.10% 12-Month CD at a New York City CU - Easy Membership (Montauk)
- 4.10% 12-Month CD at a Oregon Bank (Lewis & Clark)
- 4.10% 12-Month CD at a New York CU (Hudson Valley)
- 4.07% 12-Month CD at a New York CU (LOMTO)
- 4.04% 18-Month CD at a California CU (UNCLE)
- 4.00% 15-Month CD at a California CU - IRA (The Golden 1)
- 3.98% 14-Month CD at a Florida Bank (Heritage)
- 3.85% 15-Month CD at a Chicago Bank (Cole Taylor)
- 3.75% 12-Month CD at a Hawaii Credit Union (Valley Isle Community)
Terms of Under 12 Months
- 6.17% 9-Month CD at a Louisiana CU - IRA (Neighbors)
- 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)
- 4.75% 3-Month CD at a California Credit Union (California Pacific)
- 4.65% 7-Month CD at a New York City Bank - and $150 Checking Bonus (Valley National Bank)
- 4.58% 10-Month CD at a Georgia CU (Georgia's Own)
- 4.35% 6-Month CD at a Michigan CU (Heartland Employees)
- 4.25% 6-Month CD at a Florida CU (Tropical Financial)
- 4.25% 6-Month CD at a Oregon Bank (Lewis & Clark)
- 4.25% 9-Month CD at a Arizona CU (Tucson Old Pueblo)
- 4.00% 6-Month CD at a Illinois Bank (Millennium)
- 4.00% 6-Month CD at a Hawaii Credit Union (Valley Isle Community)
- 4.00% 6-Month CD at a Houston Credit Union (PrimeWay)
- 4.00% 6-Month CD at a Florida Bank - Liquid Feature (Grand Bank & Trust)
- 3.75% 9-Month CD at a California Bank (County)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 4.05% rate for $50k+
- Fidelity Money Market Fund - 3.21% 7-day yield ($100 bonus and other info)
- TIAA-CREF Money Market Fund - 3.17% 7-day yeild
- Paypal Money Market Fund - 3.13% 7-day yield (1% cashback debit MasterCard)
- Vanguard Prime Money Market Fund - 3.09% 7-day yield
- FW Thread on Treasury Bills
- I Bond Rate Starting Nov 2006, I Bond Article, I Bonds as CD Alternatives
Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)
Featured Savings Account
Nationwide Savings Accounts
Related Posts
Michael (anonymous) - #1, Saturday, March 22, 2008 - 5:33 PM
Great report as usual, Banking Guy.
Thank you very much.
Again, I urge everyone who has not yet donated to Banking Guy please donate. The link is on the home page.
Happy Easter Holiday Weekend!
singlepap@gmail.com (anonymous) - #2, Saturday, March 22, 2008 - 6:29 PM
7% for 9 months *insured* is still possible at TDAmeritrade; only lazy people don't do it!
Anonymous - #3, Saturday, March 22, 2008 - 7:29 PM
[for 9 months *insured* is still possible at TDAmeritrade; only lazy people don't do it!]
I can find no such information on a TDAmeritrade offer like you suggest available. Please fill us in on how to do it.
Lucky Charm (anonymous) - #4, Saturday, March 22, 2008 - 7:56 PM
SinglePap is a spammer.
He is being dishonest.
There is no way any legitimate bank of credit union or financial organization can pay 7% on an "insured" account. Just can't do it. Only a risk investment can pay 7% on big money. Sure, a bank could pay 7% if there was a balance cap or if it was for a very short term.
You know it is a scam since he is requiring that you email him for more information.
If there was a legitimate 7% insured deal out there, the great Banking Guy would have it explained on his site.
So, please Singlepap, please stop posting your spam and your scam postings. Thank you.
Anonymous - #5, Saturday, March 22, 2008 - 9:07 PM
Pay not attention. Singlepap is just another one who is craving for attention and can't earn it respectfully.
singlepap@gmail.com (anonymous) - #6, Saturday, March 22, 2008 - 9:26 PM
LuckyCharm makes a point, but...wrong in my case.
1. not spammer, not dishonest
2. yes insured: Money Market/CD + bonus cash
3. not listed on website; since when is this evidence of non-existance?
4. Banking Guy rules; but no one on this site knows this deal, except for those who got details from me
5. one already posted explanation here after getting it from me; again, take my word for it: it's not cool in this particular case. Just get info and get it done. After you succeed - post details, if you deem so better; but not before doing it
6. only caveat is offer is close to expiry; those who can - do, those who can't - talk. This happens to be a case when talking too much is counter-productive, take my word for it and do it if you have at least 30k unconditionally liquid; if you don't, look elsewhere
7. if I were "craving for attention", I'd be posting details - like some of those who get them from me. But this is not cool in case of this particular deal
Anonymous - #7, Saturday, March 22, 2008 - 11:01 PM
Do not feed the troll! That be singlepap...he is full of BS. ;-)
X-Ray (anonymous) - #8, Saturday, March 22, 2008 - 11:01 PM
SinglePap, if the deal is so great, why not just share all the details with the rest of us.
Why do we need to email you for the details?
Anonymous - #9, Saturday, March 22, 2008 - 11:55 PM
Beverly National Bank Online has a savings account with a rate of 4.00%. This brings the total up to eight that pay 4% or more this week. They are FDIC insured and Bankrate has them rated at 4 stars.
Sure-Footed Goat (anonymous) - #10, Sunday, March 23, 2008 - 12:31 AM
Beverly National Bank sucks!
They offer no bank to bank transfers. You must send them a notice when you want your money, and then wait for a check to be mailed.
Again, no ACH transfers in or out.
This bank is in Massachusetts. Their Web address:
https://beverlynationalbankonline.com/
Anonymous - #11, Sunday, March 23, 2008 - 9:50 PM
Any thoughts? Guesses? as to where interests rates will be 12 months from now?
Pipe Dream (anonymous) - #12, Monday, March 24, 2008 - 1:10 PM
If the recession continues, expect the Fed Funds rate to be lowered to 1% eventually.
Futures traders are expecting the Fed Funds rate to be cut down to 2%during their next meeting.
Bozo (anonymous) - #13, Monday, March 24, 2008 - 1:27 PM
To: All the Bozo Bashers
Re: Where would you be without my love?
Why do you folks continue to bash me. Was I right on interest rates a year and a half ago? Yup. But, you say, 5.75% is "lame." I thought the point was to get the best insured deals herein. You bash me for advocating buying financial equities several days ago, then they go up, up, up (as I predicted), since even the astute New York Times business pages this weekend concurs they were WAAAY oversold.
OK, for all you doubters, try buying a homebuilders equity ETF (XHB will do nicely). I bought at 16 and sold at 21, but it might still have legs.
You bashers....tee hee.
Yours with due modesty,
Bozo
Charlie Canoga (anonymous) - #14, Monday, March 24, 2008 - 2:00 PM
I crave as much "Bozo Love" as I can get.
Keep it coming, Bozo!
Keep sending the love.
Ignore all the naysayers.
Ignore the haters.
They are just jealous that you have the courage and intelligence to find extra success in these turbulent financial times.
Long live Bozo!
Anonymous - #15, Monday, March 24, 2008 - 8:35 PM
It's a shame when someone has to resort to commenting under a ficticious name in order to support their own previous boasting. False as it is.
Get a life!
Bozo (anonymous) - #16, Monday, March 24, 2008 - 9:54 PM
To: Folks who think I'm boasting
Re: Well, I am, sort of
What good are good calls if you can't call them good calls. That's a question, a rhetorical question, I guess.
Look at the ads in the New York Times Business section for mutual funds "beat the Lipper average 5 years running . . ."). I didn't invent this stuff.
I still say, any yield over 5% is a gift, a GIFT, since your retirement plan ought to deplete the fund by 4%/annum, which is a recognized conservative depletion by endowments. So, if you make, on average, 5%, and withdraw, on average, 4%, you will have very, very, happy children. When you die.
And you will, of course, die.
Yours,
Bozo
Bozo (anonymous) - #17, Monday, March 24, 2008 - 10:23 PM
PS: I called the bottom
In the financials on St. Patrick's day. March 17. If you don't believe me, go look it up. I told you doubters to load up on financials, and I got bashed. Those who traded with the Bozo made a buncha buncha. Those who bashed me and sat on the sidelines made nada nada.
OK, I missed on the Bear Stearns arbitrage debacle, but I was not about to throw money at the sharks.
I am conservative, not dumb. $2 can go to $10; it can also go to zero.
I still say financial and homebuilder ETFs are the way to go. Even with the run-up, they are WAAAY over-sold. You gotta have a long horizon, but anything over 5% (I know, I am boring you).
Yours,
Bozo
Anonymous - #18, Tuesday, March 25, 2008 - 5:54 AM
Bozo,
Nothing wrong with you financial strategy, if it works for you, accept that you may be posting on the wrong site.
Most of us that follow this blog are here to keep up on the latest savings and CD rates, thanks to Banking Guy, not for market trading information.
There are many, many other sites that spectialize in market timeing and trading. And that's where you should be. Anybody could call the shots after the fact.
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