Bank Deals Weekly Summary for March 8, 2008
Mar 8, 2008 - 5:29 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
Based on yesterday's news of a big drop in US February nonfarm payrolls, another major Fed rate cut looks likely on March 18th. The US Rate Futures Market is now giving the highest probability to a 75 basis-point rate drop. There's even some expectation for a 100 basis-point rate cut. (see Reuters article). So I'm afraid we'll see continued rate cuts on savings accounts and CDs.
Savings Accounts
There were several large rate cuts this week at online banks. OneUnited's savings account has fallen from the top spot. Its online savings account rate fell from 4.60% to 4.00% APY. ETRADE Bank also made a large rate cut to its savings account. Its Complete Savings rate fell from 4.10% to 3.45% APY. Other banks that cut savings account rates include EmigrantDirect, Amboy and UmbrellaBank.
I posted on a new online money market account this week. It's being offered by Rainier Pacific Bank. The yield is currently 3.60% APY. It has some nice features including free checks and no minimum balance requirements (see post). Like all the other banks, Pacific Rainier has been cutting the rate on this account since it was launched about 3 months ago. The initial yield was 5% APY.
With rates heading down, it can be very frustrating for those wanting to open the highest yield liquid account. I wonder how many people had just recently opened an account at OneUnited or ETRADE. Many rate leaders from last year are now far down the list. These include GMAC, AmTrustDirect and E-LOAN. The bank that has best kept its savings account rate high for the longest time is Countrywide. However, with Countrywide in the process of being absorbed into Bank of America, you have to wonder if this will last.
Reward Checking Accounts
Now that we are well into March, I'm pleasantly surprised to see many banks and credit unions maintaining the high yields on their reward checking accounts. I thought it may take these small banks and credit unions a little longer to respond to the Fed rate cuts than the online banks. Often credit unions update their rates on the first of the month, and since the major Fed rate cuts came in late January, they may not have been prepared to make rate changes on February 1st.
The good news is that in my list of 12 reward checking accounts available nationwide, the institutions continue to offer very high yields. One credit union on the list (Provident) did cut its rate from 5.51% to 5.01% APY on March 1st. But the others held their rates steady, and six still offer 6%. Two of these reward checking accounts are at least 4 months old (from Air Academy FCU and Charter Bank). I'm sure we'll be seeing rate cuts on these reward checking accounts as the Fed continues to cut rates, but over the last six months they've proven to be more resistant to rate cuts than online savings accounts.
CD Deals
The only sure way to lock in a rate today is a CD. Like savings account rates, CD rates continue to trend down. However, there was a little bit of good news this week. A few banks bumped up their CD rates. National City Bank was offering a 5% APY 48-month CD. It was scheduled to end today, but I was told it may be extended (see post). WaMu raised its 6-month online CD rate to 4.00% APY, and their 60-month online CD yield continues to hold at 4.25% APY. iGObanking.com came out with two competitive CDs this week with a yield of 4.30% APY for a 60-month term and a yield of 4.00% APY for a 15-month term (see post). Other banks that raised CD rates include GMAC, IndyMac and Capital One.
The highest CD rates continue to be offered by credit unions. I'm pleasantly surprised to see Alliant Credit Union is continuing to offer 4.90% APY on its 12-17 month CDs with a $25K minimum deposit. I thought these rates might decline as we started March. Other credit unions which still have top CD rates include Xerox FCU, University FCU, Air Academy FCU and Pentagon FCU. All of these credit unions are open to anyone who join certain associations.
Rates are falling fast 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 1st, Feb 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th, Jan 19th, Jan 12th and Jan 5th.
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 8, 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)
Based on yesterday's news of a big drop in US February nonfarm payrolls, another major Fed rate cut looks likely on March 18th. The US Rate Futures Market is now giving the highest probability to a 75 basis-point rate drop. There's even some expectation for a 100 basis-point rate cut. (see Reuters article). So I'm afraid we'll see continued rate cuts on savings accounts and CDs.
Savings Accounts
There were several large rate cuts this week at online banks. OneUnited's savings account has fallen from the top spot. Its online savings account rate fell from 4.60% to 4.00% APY. ETRADE Bank also made a large rate cut to its savings account. Its Complete Savings rate fell from 4.10% to 3.45% APY. Other banks that cut savings account rates include EmigrantDirect, Amboy and UmbrellaBank.
I posted on a new online money market account this week. It's being offered by Rainier Pacific Bank. The yield is currently 3.60% APY. It has some nice features including free checks and no minimum balance requirements (see post). Like all the other banks, Pacific Rainier has been cutting the rate on this account since it was launched about 3 months ago. The initial yield was 5% APY.
With rates heading down, it can be very frustrating for those wanting to open the highest yield liquid account. I wonder how many people had just recently opened an account at OneUnited or ETRADE. Many rate leaders from last year are now far down the list. These include GMAC, AmTrustDirect and E-LOAN. The bank that has best kept its savings account rate high for the longest time is Countrywide. However, with Countrywide in the process of being absorbed into Bank of America, you have to wonder if this will last.
Reward Checking Accounts
Now that we are well into March, I'm pleasantly surprised to see many banks and credit unions maintaining the high yields on their reward checking accounts. I thought it may take these small banks and credit unions a little longer to respond to the Fed rate cuts than the online banks. Often credit unions update their rates on the first of the month, and since the major Fed rate cuts came in late January, they may not have been prepared to make rate changes on February 1st.
The good news is that in my list of 12 reward checking accounts available nationwide, the institutions continue to offer very high yields. One credit union on the list (Provident) did cut its rate from 5.51% to 5.01% APY on March 1st. But the others held their rates steady, and six still offer 6%. Two of these reward checking accounts are at least 4 months old (from Air Academy FCU and Charter Bank). I'm sure we'll be seeing rate cuts on these reward checking accounts as the Fed continues to cut rates, but over the last six months they've proven to be more resistant to rate cuts than online savings accounts.
CD Deals
The only sure way to lock in a rate today is a CD. Like savings account rates, CD rates continue to trend down. However, there was a little bit of good news this week. A few banks bumped up their CD rates. National City Bank was offering a 5% APY 48-month CD. It was scheduled to end today, but I was told it may be extended (see post). WaMu raised its 6-month online CD rate to 4.00% APY, and their 60-month online CD yield continues to hold at 4.25% APY. iGObanking.com came out with two competitive CDs this week with a yield of 4.30% APY for a 60-month term and a yield of 4.00% APY for a 15-month term (see post). Other banks that raised CD rates include GMAC, IndyMac and Capital One.
The highest CD rates continue to be offered by credit unions. I'm pleasantly surprised to see Alliant Credit Union is continuing to offer 4.90% APY on its 12-17 month CDs with a $25K minimum deposit. I thought these rates might decline as we started March. Other credit unions which still have top CD rates include Xerox FCU, University FCU, Air Academy FCU and Pentagon FCU. All of these credit unions are open to anyone who join certain associations.
Rates are falling fast 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
- Hume Bank, a Small Missouri Bank, Becomes Second Bank to Fail This Year
- Finding The Best Bank Rates and Deals #9
Savings Accounts - National
- More Savings Account Rate Cuts - E*TRADE, EmigrantDirect and Others
- High Yield Online Money Market Account at Rainier Pacific Bank
CD Deals - National
- Reminder: 5.00% 48-Month CD at National City Bank - Nationwide Availability
- 4.30% 60-Month and 4.00% 15-Month Online CDs at iGObanking.com
- 4.64% 15-Month CD for Current Members of Northrop Grumman FCU - RATES DOWN
- 5.00% 48-Month / 4.00% 24-Month CD at National City Bank
Checking/Savings Account Bonuses
- $75 Checking Account Bonus at a Wachovia Branch in Southern California
- $100 Business Checking Account Promotion at Bank of America
- $200 Checking Account Bonus at MB Financial Bank
- Earn Up to $100 in PNC Bank's Checking Account Promotion
- $75 Checking Account Bonus and Some CD Deals at a SoCal Credit Union (Visterra)
- $75 Checking Account Bonus at an Illinois Branch of US Bank
- $100 Checking Account Bonus at TCF Bank
Reward Checking Accounts
- 6.01% Reward Checking Account at an Illinois Bank (First Robinson Savings)
- 5.75% Reward Checking Account in Washington State (iQ Credit Union)
- 5.00% Reward Checking Account at a Missouri Bank (Wood & Huston)
- 5.01% Reward Checking Account at a CA/TX Credit Union (National 1st)
- Up to 5.00% Reward Checking Account at a Hawaii CU (Aloha Pacific)
CD and Money Market Deals - Local
- 5.00% 11-Month CD at a California CU (Cal State 9)
- 4.50% 27-Month / 4.40% 15-Month CD at a Maryland CU (First Peoples Community)
- 4.00% 9-Month CD at a California Bank (County)
- 4.25% 6-Month / 4.00% 12-Month CD at a Michigan CU (Family First)
- 4.65% 18-Month / 4.55% 30-Month CD at a California CU (First Financial)
- 5.10% 60-Month / 4.80% 12-Month CD at an Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
- 5.13% 12-Month / 5.28% 36-Month CD at an Idaho Bank (ANB Financial) EXPIRED
- 4.15% 12-Month / 4.00% 6-Month CD at a Houston Credit Union (PrimeWay)
- 4.00% 8-Month / 4.00% 16-Month CD at a Southwest Florida Bank (Liberty)
- 4.00% 48-Month CD at a California Bank - and 4.00 MMA (Independence)
- 4.70% 60-Month / 4.40% 24-Month CD at a DC Credit Union (Library of Congress)
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 1st, Feb 23rd, Feb 16th, Feb 9th, Feb 2nd, Jan 26th, Jan 19th, Jan 12th and Jan 5th.
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 8, 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
- 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
- Countrywide - 4.25% (min $10K), account review
- Flagstar - 4.25% MMA, account review
- ShoreBank - 4.15%, account review ($25 bonus)
- Corus Bank - 4.06% MMA (min $10K) account review
- Washington Mutual - 4.00% (requires checking), account review
- UFB Direct - 4.00%, account review
- BankUnited - 4.00% (min $5K), account review
- Savings Square - 4.00%, account review
- OneUnited - 4.00% (min $1K), account review ($50 bonus)
- WTDirect - 3.91% ($10K min), account review
- Bank of Internet - 3.90% MMA (offers 3.75% checking) account review
- UmbrellaBank - 3.90% MMA (min $1K), account review
- Zions Bank - 3.87% MMA, outside of Utah, (min $1K) (3.98% $50K+, 4.03% $100K+), account review
- iGObanking - 3.86%, account review
- FNBO Direct - 3.85%, account review
- Capital One - 3.85% (Savings) (min $10K)
- grand yield direct - 3.85% (min $2.5K) account review
- Heartland Bank Direct - 3.80%, ($500 min), account review
- AmTrustDirect - 3.75% (e-Savings) account review
- Doral Bank Direct - 3.75% (min $1K) account review
- Citibank - 3.75% (Ultimate Money) requires chking & bill pay, account review
- M&T Bank - 3.70%, account review
- AmboyDirect - 3.65% (Premium Savings) post ($25 bonus)
- Discover Bank - 3.61% MMA (min $10K) (3.71% for $50K+) account & bonus review
- Rainier Pacific - 3.60% MMA account review
- Amboy Direct - 3.56% (min $3K) (eSavings) account & $50 bonus review
- Melrose CU - 3.55% (min $25) account review
- HSBC Direct - 3.55%, account review
- EverBank - 3.51% ($1.5K min) account review
- E-LOAN - 3.50% ($5K min), account review
- Presidential Bank - 3.50% (min $5K, only first $35K receives this rate), offers 2.75% checking, account review
- Salem Five Direct - 3.50% Checking (4.00% $100K+), account review
- KeyDirect - 3.50% MMA (min $50), Not all states, account review
- CapitalOne/Costco - 3.45% MMA (min $5K, Costco members only, $50 deal for exec. members)
- ETrade Bank - 3.45%, post ($25 bonus)
- FirstFedDirect - 3.40% (min $1K) (closed to CA residents), account review
- ING Direct - 3.40%, (2.25% checking), post ($25 bonus)
- UnivestDirect - 3.40%, (2.50% checking), account review
- EmigrantDirect - 3.30%, account review
- BancoFortuna.com - 3.30%, account review
- MyBankingDirect - 3.25% MMA (min $5K), account review
- MetLife Bank - 3.25% MMA (min $5K), post ($50 bonus)
- Capital One - 3.25% MMA, account review
- Direct Huntington - 3.20% ($10K min) (3.50% $100K+), account review
- Imperial Capital - 3.10% MMA ($2.5K min) (3.75% for $100K+) account review
- Bank of America AAA/NEA - 3.07% MMA ($10K min) (3.33% 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
- GMAC Bank - 3.00% MMA (min $500), account review
- AmTrustDirect - 3.00% (e-Money Market) (3.25% $25K+, 3.50% $50K+) account review
- Transportation Alliance Bank - 3.00%, ($25 min), account review
- Indymac Bank - 3.00% MMA (min $25K) (4.00% $75K+) account review
- NewBank - 3.00% Checking, post ($50 bonus)
- PFF Bank and Trust - 3.00% (min $1K), account review
- Mutual Bank - 2.75% MMA (min $5K), account review
- Bank of America DoW - 2.61% MMA (min $10K) (2.87% for $50K+), account review
- ebank - 2.50% MMA ($10K min) (3.75% for $100K+), account review
- Self-Help Credit Union - 2.11% MMA (min $500), account review
- Tennessee Commerce Bank - 1.73% (min $10K), account review
3-Month Certificates of Deposit:
- IndyMac Bank - 4.15% (4 mo) (min $5K), account review
- IndyMac Bank - 4.00% (min $5K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- VirtualBank - 3.77% (min $10K), account review
- Countrywide - 3.75% (min $10K), account review
- UmbrellaBank - 3.75% (min $1K)
- Imperial Capital - 3.70%, ($2K min), account review
- EverBank - 3.55% ($1.5K min)
- GMAC Bank - 3.50% (min $500), account review
- National Bank of KC - 3.40% (min $10K), account review
- FirstFedDirect - 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)
- ETrade Bank - 2.85% (min $1K), account review
- Self-Help Credit Union - 2.62% (min $500), account review
6-Month Certificates of Deposit:
- Xerox FCU - 5.00% (min $500/max $25K) account review
- Century Bank Direct - 4.21% (5 mo) (min $1K) account review
- University FCU - 4.10% (min $2.5K), account review
- Countrywide - 4.05% (min $10K), account review
- Washington Mutual - 4.00% (min $1K), account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Northrop Grumman FCU - 3.92% (min $40K), account review
- Flagstar - 3.91% (min $500), account review
- Mountain America CU - 3.90% (min $1K) account review
- CU of Georgia - 3.87% (min $50K), account review
- Corus Bank - 3.85% (min $10K) account review
- Ascencia Bank - 3.76% (min $500), account review
- UmbrellaBank - 3.75% (min $1K)
- Doral Bank Direct - 3.75% (min $1K) account review
- AmboyDirect - 3.75% (7 mo) (min $10K), account review
- Principal Bank - 3.70% (7 mo) (min $5K), account review
- Air Academy FCU - 3.70% (min $10K) account review
- NASA FCU - 3.65% (5 mo) (min $5K) account review
- La Jolla Bank - 3.65% (min $10K), account review
- Western FCU - 3.65% (min $40K), account review
- GMAC Bank - 3.60% (min $500), account review
- VirtualBank - 3.51% (min $10K), account review
- FirstFedDirect - 3.51% (min $10K), account review
- E-LOAN - 3.50% ($10K min), account review
- Imperial Capital - 3.50%, ($2K min), account review
- National Bank of KC - 3.50% (min $10K), account review
- Intervest - 3.48% (min $2.5K), account review
- EverBank - 3.45% ($1.5K min)
- iGObanking - 3.40% (min $500), account review
- Advanta Bank - 3.40% (min $10K), account review
- Tennessee Commerce Bank - 3.40% (min $5K)
- Lehman Brothers Bank - 3.30% (min $1K)
- ETrade Bank - 3.25% (min $1K), account review
- Element Financial - 3.20% (min $10K), account review
- ING Direct - 3.20%, account review
- Bank of Internet - 3.10% (min $1K) account review
- EmigrantDirect - 3.05% (min $1K)
- IndyMac Bank - 3.00% (min $5K), account review
- AmTrustDirect - 2.99% (min $1K) account review
- UFB Direct - 2.95% (min $8K)
- KeyDirect - 2.85% (min $5K), Not all states, account review
- Self-Help Credit Union - 2.83% (min $500), account review
- Wells Fargo - 2.75% (5 months) (min $5K), rate and min vary by state, account review
- Capital One - 2.75% (min $5K)
9-Month Certificates of Deposit:
- IndyMac Bank - 4.00% (10 mo) (min $5K), account review
- Doral Bank Direct - 3.75% (min $1K) account review
- Century Bank Direct - 3.64% (10 mo) (min $1K) account review
- GMAC Bank - 3.60% (min $500), account review
- Academy Bank - 3.60% (min $500), account review
- Imperial Capital - 3.50% ($2K min), account review
- UmbrellaBank - 3.50% (min $1K)
- National Bank of KC - 3.50% (min $10K), account review
- Countrywide - 3.50% (min $10K), account review
- EverBank - 3.45% ($1.5K min)
- iGObanking - 3.40% (min $500), account review
- Element Financial - 3.30% (min $10K), account review
- FirstFedDirect - 3.20% (min $10K), account review
- Bank of Internet - 3.10% (min $1K) account review
- EmigrantDirect - 3.05% (min $1K)
- VirtualBank - 3.05% (min $10K), account review
- ING Direct - 3.00% (new money), 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
- Melrose CU - 4.06% (min $5K) account review
- Mountain America CU - 4.00% (min $1K) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Northrop Grumman FCU - 4.00% (min $40K), account review
- CU of Georgia - 3.97% (min $50K), account review
- Air Academy FCU - 3.90% (min $10K) account review
- Principal Bank - 3.85% (14 mo) (min $5K), account review
- Air Force FCU - 3.80% (min $25K) restrictions to membership, account review
- Western FCU - 3.80% (min $40K), account review
- Delta Community CU - 3.75% (min $1K) account review
- Apple Bank - 3.75% (min $500) account review
- GTE FCU - 3.71% (min $500) account review
- IndyMac Bank - 3.70% (min $5K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- La Jolla Bank - 3.70% (min $10K), account review
- National Bank of KC - 3.66% (min $10K), 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)
- GMAC Bank - 3.60% (min $500), account review
- Pacific Mercantile Bank - 3.60% (min $10K) account review
- Advanta Bank - 3.60% (min $10K), account review
- VirtualBank - 3.56% (min $10K), account review
- Academy Bank - 3.55% (min $500), account review
- NewBank - 3.52% (min $5K), account review
- Ascencia Bank - 3.51% (min $500), account review
- Discover Bank - 3.51% (min $2.5K)
- Transportation Alliance Bank - 3.51% ($1K min)
- Huntington - 3.51% (min $2K) account review
- Flagstar - 3.50% (min $500), account review
- Intervest - 3.50% (min $2.5K), account review
- Corus Bank - 3.50% (min $10K) account review
- Countrywide - 3.50% (min $10K), account review
- E-LOAN - 3.50% ($10K min), account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- iGobanking - 3.40% (min $500), account review
- First State Bank - 3.40% ($1K min), account review
- EverBank - 3.40% ($1.5K min)
- Element Financial - 3.35% (min $10K), account review
- Lehman Brothers Bank - 3.35% (min $1K)
- Mutual Bank - 3.30% (min $1K) account review
- Washington Mutual - 3.25% (min $1K), account review
- FirstFedDirect - 3.15%, (min $10K) account review
- EmigrantDirect - 3.05% (min $1K)
- Capital One - 3.00% (min $5K)
- H&R Block Bank - 3.00% (min $250) account review
- ING Direct - 3.00% (new money), account review
- AmTrustDirect - 2.99% (min $1K) account review
- Bank of Internet - 2.90% (min $1K) account review
- ETrade Bank - 2.60% (min $1K), account review
- KeyDirect - 2.60% (min $5K), Not all states, account review
- UFB Direct - 2.55% (min $8K)
- Self-Help Credit Union - 2.47% (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) (4.00% 15 mo), account review
- IndyMac Bank - 3.80% (min $5K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- National Bank of KC - 3.66% (min $10K), account review
- Advanta Bank - 3.66% (min $10K), account review
- GMAC Bank - 3.60% (min $500)
- Academy Bank - 3.55% (min $500) account review
- Intervest - 3.53% (min $2.5K), account review
- NewBank - 3.52% (min $5K), account review
- Discover Bank - 3.51% (min $2.5K)
- Flagstar - 3.50% (min $500), account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- Lehman Brothers Bank - 3.41% (min $1K)
- Element Financial - 3.40% (min $10K), account review
- First State Bank - 3.40% ($1K min), account review
- EverBank - 3.40% ($1.5K min)
- H&R Block Bank - 3.25% (min $250) account review
- Countrywide - 3.25% (min $10K)
- EmigrantDirect - 3.05% (min $1K)
- VirtualBank - 3.05% (min $10K), account review
- Capital One - 3.00% (min $5K)
- ING Direct - 3.00%, account review
- AmTrustDirect - 2.99% (min $1K) account review
- Bank of Internet - 2.90% (min $1K) 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
- Air Academy FCU - 4.10% (min $10K) account review
- Mountain America CU - 4.09% (min $1K) account review
- CU of Georgia - 4.07% (min $50K), account review
- Melrose CU - 4.01% (min $5K) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Delta Community CU - 3.90% (min $1K) account review
- Air Force FCU - 3.90% (min $25K) restrictions to membership, account review
- Northrop Grumman FCU - 3.78% (min $40K), account review
- GMAC Bank - 3.75% (min $500)
- Apple Bank - 3.75% (min $500) account review
- Western FCU - 3.75% (min $40K), account review
- National Bank of KC - 3.71% (min $10K), 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
- Discover Bank - 3.66% (min $2.5K)
- Advanta Bank - 3.66% (min $10K), 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
- E-LOAN - 3.50% ($10K min), account review
- Transportation Alliance Bank - 3.50% ($1K min)
- EverBank - 3.48% ($1.5K min)
- Lehman Brothers Bank - 3.46% (min $1K)
- Element Financial - 3.45% (min $10K), account review
- Flagstar - 3.45% (min $500), account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- Mutual Bank - 3.40% (min $1K) account review
- Presidential Bank - 3.25% (min $1K)
- H&R Block Bank - 3.25% (min $250) account review
- Countrywide - 3.25% (min $10K)
- VirtualBank - 3.05% (min $10K), account review
- Capital One - 3.00% (min $5K)
- ING Direct - 3.00% account review
- KeyDirect - 3.00% (min $5K),Not all states, account review
- AmTrustDirect - 2.99% (min $1K) account review
- Bank of Internet - 2.80% (min $1K) account review
- UFB Direct - 2.75% (min $8K)
- IndyMac Bank - 2.65% (min $5K), account review
- Self-Help Credit Union - 2.41% (min $500), account review
36-Month Certificate of Deposit:
- University FCU - 4.40% (min $2.5K), 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
- CU of Georgia - 4.18% (min $50K), account review
- Melrose CU - 4.06% (min $5K) account review
- Northrop Grumman FCU - 4.01% (min $40K), account review
- GMAC Bank - 4.00% (min $500)
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- Agriculture FCU - 4.00% (min $1K), 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)
- 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
- Western FCU - 3.78% (min $40K), account review
- NewBank - 3.75% (min $5K), account review
- Advanta Bank - 3.75% (min $10K), account review
- Lehman Brothers Bank - 3.72% (min $1K)
- Principal Bank - 3.70% (33 mo) (min $5K), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Element Financial - 3.60% (min $10K), account review
- Intervest - 3.56% (min $2.5K), account review
- Flagstar - 3.50% (min $500), account review
- Mutual Bank - 3.50% (min $1K) account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- E-LOAN - 3.50% ($10K min), 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)
- First State Bank - 3.30% ($1K min), account review
- EverBank - 3.30% ($1.5K min)
- H&R Block Bank - 3.25% (min $250) account review
- Countrywide - 3.25% (min $10K)
- Bank of Internet - 3.10% (min $1K) account review
- EmigrantDirect - 3.05% (min $1K)
- VirtualBank - 3.05% (min $10K), account review
- UFB Direct - 3.05% (min $8K)
- IndyMac Bank - 3.00% (min $5K), account review
- ING Direct - 3.00%, account review
- AmTrustDirect - 2.99% (min $1K) account review
- Self-Help Credit Union - 2.75% (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
- Air Academy FCU - 4.40% (min $10K) account review
- Mountain America CU - 4.35% (min $1K) account review
- CU of Georgia - 4.28% (min $50K), account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- Northrop Grumman FCU - 4.23% (min $40K), account review
- Agriculture FCU - 4.15% (min $1K), account review
- Patelco CU - 4.07% ($1K min), account review
- Melrose CU - 4.06% (min $5K) account review
- Lehman Brothers Bank - 4.03% (min $1K)
- GMAC Bank - 4.00% (min $500)
- KeyDirect - 4.00% (min $5K),Not all states, account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- USA FCU - 3.97% (min $1K) account review
- Discover Bank - 3.97% (min $2.5K)
- Advanta Bank - 3.90% (min $10K), account review
- Navy FCU - 3.85% ($20K min) (3.90% for $100K+) restrictions to membership, account review
- National Bank of KC - 3.85% (min $10K), account review
- Western FCU - 3.85% (min $40K), account review
- M&T Bank - 3.81% (min $5K) account review
- Element Financial - 3.80% (min $10K), account review
- Capital One - 3.75% (min $5K)
- Flagstar - 3.75% (min $500), account review
- Washington Mutual - 3.75% (min $1K), account review
- E-LOAN - 3.75% ($10K min), account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Intervest - 3.60% (min $2.5K), account review
- H&R Block Bank - 3.50% (min $250) account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Transportation Alliance Bank - 3.48% ($1K min)
- Bank of Internet - 3.40% (min $1K) account review
- First State Bank - 3.30% ($1K min), account review
- EverBank - 3.30% ($1.5K min)
- IndyMac Bank - 3.25% (min $5K), account review
- Countrywide - 3.25% (min $10K)
- Self-Help Credit Union - 3.10% (min $500), account review
- EmigrantDirect - 3.05% (min $1K)
- VirtualBank - 3.05% (min $10K), account review
- ING Direct - 3.00%, account review
60-Month Certificate of Deposit:
- Pentagon Federal CU - 4.75% (min $1K), account review
- University FCU - 4.60% (min $2.5K), account review
- Air Academy FCU - 4.50% (min $10K) account review
- KeyDirect - 4.50% (min $5K), Not all states, account review
- Mountain America CU - 4.40% (min $1K) account review
- CU of Georgia - 4.39% (min $50K), account review
- iGobanking - 4.30% (min $500), account review
- Washington Mutual - 4.25% (min $1K), account review
- Agriculture FCU - 4.25% (min $1K), account review
- Northrop Grumman FCU - 4.23% (min $40K), account review
- GMAC Bank - 4.15% (min $500)
- 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
- M&T Bank - 4.10% (min $5K) account review
- Lehman Brothers Bank - 4.08% (min $1K)
- Patelco CU - 4.07% ($1K min), account review
- USA FCU - 4.07% (min $1K) account review
- Navy FCU - 4.05% ($20K min) (4.20% for $100K+) restrictions to membership, account review
- Western FCU - 4.04% (min $40K) account review
- Capital One - 4.00% (min $5K)
- Delta Community CU - 4.00% (min $1K) account review
- ebank - 4.00% (min $1K), 4.25% for ePremium checking customers
- EverBank - 4.00% ($1.5K min)
- Advanta Bank - 4.00% (min $10K), account review
- E-LOAN - 3.95% ($10K min), account review
- Flagstar - 3.90% (min $500), account review
- National Bank of KC - 3.85% (min $10K), account review
- Element Financial - 3.80% (min $10K), account review
- Intervest - 3.80% (min $2.5K), account review
- Telcom Credit Union - 3.75% (min $500) account review
- Apple Bank - 3.75% (min $500) account review
- Doral Bank Direct - 3.70% (min $1K) account review
- Bank of Internet - 3.65% (min $1K) account review
- UFB Direct - 3.60% (min $8K)
- ING Direct - 3.60%, account review
- H&R Block Bank - 3.50% (min $250) account review
- Mutual Bank - 3.50% (min $51) account review
- First State Bank - 3.50% ($1K min), account review
- ETrade Bank - 3.50% (min $1K), account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Transportation Alliance Bank - 3.47% ($1K min)
- Self-Help Credit Union - 3.43% (min $500), account review
- Presidential Bank - 3.35% (min $1K)
- IndyMac Bank - 3.25% (min $5K), account review
- Countrywide - 3.25% (min $10K)
- EmigrantDirect - 3.05% (min $1K)
- VirtualBank - 3.05% (min $10K), account review
- AmTrustDirect - 2.99% (min $1K) account review
84-Month Certificate of Deposit:
- Pentagon Federal CU - 5.00% (min $1K), account review
- KeyDirect - 5.00% (min $5K) Not all states, account review
- Capital One - 4.75% (min $5K) (5% 10yr)
- 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)
- 4.00% Checking Account (Florida)
- 3.95% Low-Minimum Online Savings Account (California)
- 3.40% Money Market Account (Utah)
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)
- 5.10% 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)
- 4.85% 84-Month CD at a Texas CU (SACU)
- 4.70% 60-Month CD at a DC Credit Union (Library of Congress)
- 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 Texas CU - Easy Membership (University)
- 4.56% 60-Month CD at a Virginia CU (Northwest)
- 4.50% 60-Month CD at a New York Bank (Bank of Utica)
- 4.47% 60-Month CD at a Miami CU (MPS)
- 4.40% 60-Month CD at a Arizona CU (First)
- 4.33% 60-Month CD at a New York CU (LOMTO)
- 4.25% 60-Month CD at a Illinois Bank (Millennium)
- 4.00% 60-Month CD at a California CU - IRA/Easy Membership (Provident)
Terms of 24 Months to Under 60 Months
- 5.50% 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)
- 4.55% 30-Month CD at a California CU (First Financial)
- 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)
- 4.50% 27-Month CD at a Maryland CU (First Peoples Community)
- 4.40% 24-Month CD at a DC Credit Union (Library of Congress)
- 4.39% 36-Month CD at a Washington State Bank (North Cascades National Bank)
- 4.37% 49-Month CD at a Pennsylvania CU (Galaxy)
- 4.25% 36-Month CD at a Central New Jersey CU (United Teletech Financial)
- 4.15% 24-Month CD at a Arizona CU (First)
- 4.15% 25-Month CD at a Missouri CU (American Eagle)
- 4.15% 36-Month CD at a Virginia CU (Northwest)
- 4.10% 24-Month CD at a Washington State Bank (Westsound)
- 4.00% 55-Month CD at a California CU - IRA (The Golden 1)
- 4.00% 48-Month CD at a California Bank - and 4.00 MMA (Independence)
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)
- 4.80% 12-Month CD at a Georgia Bank (Carver State)
- 4.80% 12-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
- 4.65% 18-Month CD at a California CU (First Financial)
- 4.58% 15-Month CD at a Virginia/DC Credit Union (State Department)
- 4.50% 18-Month CD at a Texas CU (SACU)
- 4.47% 18-Month CD at a Miami CU (MPS)
- 4.40% 21-Month CD at a Pennsylvania CU (Tri Boro)
- 4.40% 15-Month CD at a Maryland CU (First Peoples Community)
- 4.30% 12-Month CD at a California CU (Educational Employees)
- 4.20% 12-Month CD at a Texas CU - Easy Membership (University)
- 4.15% 12-Month CD at a Houston Credit Union (PrimeWay)
- 4.07% 12-Month CD at a New York CU (LOMTO)
- 4.06% 13-Month CD at a Pennsylvania CU (Galaxy)
- 4.00% 15-Month CD at a California CU - IRA (The Golden 1)
- 4.00% 16-Month CD at a Southwest Florida Bank (Liberty)
- 4.00% 12-Month CD at a Michigan CU (Family First)
- 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% 3-Month CD at a California Credit Union (California Pacific)
- 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)
- 5.00% 11-Month CD at a California CU (Cal State 9)
- 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)
- 4.39% 7-Month CD at a California Bank (Pacific State)
- 4.35% 6-Month CD at a Michigan CU (Heartland Employees)
- 4.25% 4-Month CD at a Central New Jersey CU (United Teletech Financial)
- 4.25% 6-Month CD at a Michigan CU (Family First)
- 4.10% 8-Month CD at a New York CU - Jumbo (Teachers)
- 4.05% 7-Month CD at a Missouri CU (American Eagle)
- 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% 8-Month CD at a Southwest Florida Bank (Liberty)
- 4.00% 6-Month CD at a Houston Credit Union (PrimeWay)
- 4.00% 9-Month CD at a California Bank (County)
- 3.75% 9-Month CD at a Massachusetts Bank (Hyde Park Savings)
- 3.60% 7-Month CD at a Pennsylvania CU (Tri Boro)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 4.05% rate for $50k+
- Vanguard Prime Money Market Fund - 3.52% 7-day yield
- TIAA-CREF Money Market Fund - 3.46% 7-day yeild
- Fidelity Money Market Fund - 3.39% 7-day yield ($100 bonus and other info)
- Paypal Money Market Fund - 3.34% 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)
Featured Accounts
Related Posts
Useful Resources
Nationwide Savings Accounts
jennifer (anonymous) - #1, Thursday, March 13, 2008 - 10:10 AM
try Alaska USA Federal Credit Union with branches in Washington state. They have cds and money market at 4% and you can open an account online.
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