Bank Deals Weekly Summary for April 19, 2008
Apr 19, 2008 - 4:19 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
Savings account and CD rate cutting slowed this week. It has been about a month since the last Fed rate cut of 75 basis points, and rates seemed to have mostly stabilized. The next Fed meeting is on April 29th, and another rate cut is expected. However, as this article describes, the expectations for a half-point rate cut has gone down. Most are expecting only a 25-basis-point cut. The article reports on a speech given by Richard Fisher in which he explains why more Fed rate cuts would be a mistake. Fisher is one of the few FOMC members who have been voting against rate cuts. In the speech he described the problem:
He describes why inflation is more of a concern now than it was in previous years:
Hopefully, he'll have more support in the FOMC, and the rate cuts will soon be history.
Long Term CD Rates Rise - Inflation Anticipation?
Several banks appear to be seeing the potential for rising interest rates and are increasing their long term rates. Banks this week that increased their long term CD rates include Countrywide, KeyDirect, M&T Bank, E-LOAN, E*TRADE and Intervest. Countrywide raised its long term CDs to as high as 4.50% APY for terms of 36 to 60 months. Its long term yields had only been 3%. KeyDirect raised its long term CDs by 25 basis points with a 60-month CD yield of 4.75% APY and a 84-month CD yield of 5.00% APY. The highest long term CD rate continues to be at Capital One Bank which made a large rate increase in the previous week. Its 7 and 10 year CD yield remains at 5.50% APY.
In addition to the online banks, several of the large banks have some decent long term CD rates. National City continues to offer a 5% 48-month CD special. Other large banks with competitive long term CD rates include Wachovia and BB&T Bank. See my recap below for the reviews of these.
Savings Accounts and Short Term CDs
The rate increases weren't all in long term CDs. E-LOAN actually raised its savings account rate this week from 2.75% to 3.00% APY. The 3% isn't anything to write home about, but it's nice to see a change in direction. There are still many online savings accounts that didn't lower their rates below 3% including major players like ING Direct and HSBC Direct. So perhaps the competition moved E-LOAN to raise its rate.
The savings account competition is helped by banks that continue to launch new online savings accounts. One of the latest is OnBank, an internet bank launched by M&T Bank. I reported on OnBank this week and its 3.49% no-minimum online savings account and its online CDs. It appears to have a decent ACH transfer system, but there are some issues like a $20K/day tranfer limit (see post).
For short term CD deals, Indymac Bank came out with a special 6-month CD this week with a 4.15% APY. Alliant Credit Union still has the best 12-month CD deal with a 4.40% APY 12-month CD with a $25K minimum deposit. For smaller deposits, Patelco Credit Union still has a good deal with its 12-month CD with a yield of 4.07% APY.
If you want a 12-month CD without a minimum deposit and that's easy to fund and manage, ING Direct came out with a fairly competitive 12-month yield of 3.30% APY. The previous week, ING Direct came out with a decent 9-month CD yield, but this has ended.
A reader informed me that Xceed Financial Credit Union (formerly Xerox FCU) has extended its special 5% APY 5-month CD with a $25K maximum deposit (see post). I just posted on another 5% 5-month CD at Premier America Credit Union. However, the maximum deposit is much smaller at $5K (see post)
Series I Savings Bonds
There's a good short term opportunity available with the Series I Savings Bonds. The Consumer Price Index numbers for March were released this week, and as expected, inflation was high. The result is that the inflation component for the I Bonds starting in May will be 4.83%, the second highest it has ever been. If you buy I Bonds before May, you can get a guaranteed rate of about 4.40% for 14 months. Unfortunately, there's a new low annual cap of $10K on I Bonds (see post).
Reward Checking Accounts
More small banks and credit unions continue to launch high yield reward checking accounts. Most are now launching with rates under 6%, but most are still above 4%. I posted on over a dozen new ones this week (see below). There are still several reward checking accounts with yields of around 6% that have nationwide availability (see below). I just changed the status of the reward checking at Arizona Bank & Trust to nationwide after I received word this week from a CSR that they're accepting out-of-state customers. In addition to this, they're guaranteeing to keep their 6.01% yield until April 2009. The one downside is a below-average cap of $20K. Please keep in mind that small banks often change their policies regarding out-of-state accounts (see post).
For the latest nationwide reward checking list, please see below. I also have this list in a table format at my new High Yield Checking Deals website. This website's home page has a table with a full list of reward checking accounts.
Recap for the Week
Banking News
Savings and Money Market 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 Apr 12th, Apr 5th, Mar 29th, Mar 22nd, Mar 15th, Mar 8th, Mar 1st, Feb 23rd and Feb 16th.
Quick Links: Refer to the following links for the savings accounts and CDs that interest you: Liquid Account Rates: Savings Accounts, Reward Checking, 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 April 19, 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)
Savings account and CD rate cutting slowed this week. It has been about a month since the last Fed rate cut of 75 basis points, and rates seemed to have mostly stabilized. The next Fed meeting is on April 29th, and another rate cut is expected. However, as this article describes, the expectations for a half-point rate cut has gone down. Most are expecting only a 25-basis-point cut. The article reports on a speech given by Richard Fisher in which he explains why more Fed rate cuts would be a mistake. Fisher is one of the few FOMC members who have been voting against rate cuts. In the speech he described the problem:
Trying to solve the financial industry's structural problems with more interest rate cuts would only worsen the situation by stoking inflation
He describes why inflation is more of a concern now than it was in previous years:
Globalization, once helpful in tamping down U.S. inflation by creating access to cheap labor, has become a headwind as demand for goods in developing nations rises rapidly.
Hopefully, he'll have more support in the FOMC, and the rate cuts will soon be history.
Long Term CD Rates Rise - Inflation Anticipation?
Several banks appear to be seeing the potential for rising interest rates and are increasing their long term rates. Banks this week that increased their long term CD rates include Countrywide, KeyDirect, M&T Bank, E-LOAN, E*TRADE and Intervest. Countrywide raised its long term CDs to as high as 4.50% APY for terms of 36 to 60 months. Its long term yields had only been 3%. KeyDirect raised its long term CDs by 25 basis points with a 60-month CD yield of 4.75% APY and a 84-month CD yield of 5.00% APY. The highest long term CD rate continues to be at Capital One Bank which made a large rate increase in the previous week. Its 7 and 10 year CD yield remains at 5.50% APY.
In addition to the online banks, several of the large banks have some decent long term CD rates. National City continues to offer a 5% 48-month CD special. Other large banks with competitive long term CD rates include Wachovia and BB&T Bank. See my recap below for the reviews of these.
Savings Accounts and Short Term CDs
The rate increases weren't all in long term CDs. E-LOAN actually raised its savings account rate this week from 2.75% to 3.00% APY. The 3% isn't anything to write home about, but it's nice to see a change in direction. There are still many online savings accounts that didn't lower their rates below 3% including major players like ING Direct and HSBC Direct. So perhaps the competition moved E-LOAN to raise its rate.
The savings account competition is helped by banks that continue to launch new online savings accounts. One of the latest is OnBank, an internet bank launched by M&T Bank. I reported on OnBank this week and its 3.49% no-minimum online savings account and its online CDs. It appears to have a decent ACH transfer system, but there are some issues like a $20K/day tranfer limit (see post).
For short term CD deals, Indymac Bank came out with a special 6-month CD this week with a 4.15% APY. Alliant Credit Union still has the best 12-month CD deal with a 4.40% APY 12-month CD with a $25K minimum deposit. For smaller deposits, Patelco Credit Union still has a good deal with its 12-month CD with a yield of 4.07% APY.
If you want a 12-month CD without a minimum deposit and that's easy to fund and manage, ING Direct came out with a fairly competitive 12-month yield of 3.30% APY. The previous week, ING Direct came out with a decent 9-month CD yield, but this has ended.
A reader informed me that Xceed Financial Credit Union (formerly Xerox FCU) has extended its special 5% APY 5-month CD with a $25K maximum deposit (see post). I just posted on another 5% 5-month CD at Premier America Credit Union. However, the maximum deposit is much smaller at $5K (see post)
Series I Savings Bonds
There's a good short term opportunity available with the Series I Savings Bonds. The Consumer Price Index numbers for March were released this week, and as expected, inflation was high. The result is that the inflation component for the I Bonds starting in May will be 4.83%, the second highest it has ever been. If you buy I Bonds before May, you can get a guaranteed rate of about 4.40% for 14 months. Unfortunately, there's a new low annual cap of $10K on I Bonds (see post).
Reward Checking Accounts
More small banks and credit unions continue to launch high yield reward checking accounts. Most are now launching with rates under 6%, but most are still above 4%. I posted on over a dozen new ones this week (see below). There are still several reward checking accounts with yields of around 6% that have nationwide availability (see below). I just changed the status of the reward checking at Arizona Bank & Trust to nationwide after I received word this week from a CSR that they're accepting out-of-state customers. In addition to this, they're guaranteeing to keep their 6.01% yield until April 2009. The one downside is a below-average cap of $20K. Please keep in mind that small banks often change their policies regarding out-of-state accounts (see post).
For the latest nationwide reward checking list, please see below. I also have this list in a table format at my new High Yield Checking Deals website. This website's home page has a table with a full list of reward checking accounts.
Recap for the Week
Banking News
Savings and Money Market Accounts - National
CD Deals - National
- 5.00% 5-Month CD at a Premier America CU - $5K Max - Easy Membership
- Countrywide Bank's Savings Account and CD Rate Changes - Long Term CD Yields up to 4.50%
- 4.15% 6-Month CD at Indymac Bank, Opening/Closing Indymac CDs and Indymac's Financial Health
- Update on National City's 5% CD and Latest Acquisition News
Checking/Savings Account Bonuses
Reward Checking Accounts
- 5.26% Reward Checking Account at a Texas Bank (Texas Citizens)
- 4.25% Reward Checking Account at a Pennsylvania Bank (DNB First)
- 5.25% Reward Checking Account at a Georgia Bank (Rossville)
- 5.25% Reward Checking Account in Ohio and Indiana at Farmers & Merchants State Bank
- 5.01% Reward Checking Account in Alabama at First Community Bank
- 5.00% Reward Checking Account at a South Carolina Bank (Greer State Bank)
- 4.00% Reward Checking Account at an Oregon CU (Pacific Crest)
- 4.00% Reward Checking Account at a Hawaii Bank (Central Pacific)
- 5.25% Reward Checking Account at M&F Bank - Branches in MS, AL, TN & FL
- 5.00% Reward Checking Account at Greater Nevada Credit Union
- 6.01% Reward Checking Account at a Texas Bank (Orange Savings)
- 6.01% Reward Checking Account at a Louisiana Bank (Coastal Commerce)
- 5.08% Reward Checking Account at a Chicago Bank (State Bank of Countryside)
CD and Money Market Deals - Local
- 4.15% 42-Month CD at BB&T Bank
- 5.00% 9-Month CD at a Michigan CU - $20K Max (Dort Federal Credit Union)
- 4.00% 6-Month / 4.00% 12-Month CD at a Nevada Bank (Silver State)
- 4.07% Money Market Account in Dallas at Bank of the Ozarks
- 4.23% 12-Month CD at an Arizona CU (Pinal County)
- 3.71% 12-Month / 3.75% 18-Month CD at a Chicago Bank (Beverly Bank & Trust)
- 3.90% 11-Month CD at a Washington State CU - and $100 Checking Bonus (Sound)
- 4.25% 60-Month CD at Wachovia in Some States
- 4.50% 12-Month / 4.65% 60-Month CD at a Colorado Bank (New Frontier)
- 3.70% 9-Month / 3.50% 4-Month CD at a South Florida Bank (Great Florida)
- 3.67% 12-Month / 3.56% 6-Month CD at a New York City Bank (Savoy)
- 4.00% 24-Month CD at a Massachusetts CU (Greylock)
- 3.80% 9-Month CD at an Ohio CU - and $50 checking bonus (Toledo Area Community)
- 3.60% 3-Month / 3.60% 5-Month CD at a Missouri Bank (St. Louis)
- 3.88% 5-Month / 3.68% 3-Month at a SoCal Bank (Golden Coast)
- 3.90% 9-Month CD at a California Bank (PFF Bank & Trust)
- 4.20% 12-Month / 4.10% 36-Month CD at a Virginia CU (Richmond Postal)
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 Apr 12th, Apr 5th, Mar 29th, Mar 22nd, Mar 15th, Mar 8th, Mar 1st, Feb 23rd and Feb 16th.
Quick Links: Refer to the following links for the savings accounts and CDs that interest you: Liquid Account Rates: Savings Accounts, Reward Checking, 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 April 19, 2008
Checking/Savings/Money Market Accounts:
- High Yield Reward Checking Accounts Around the Nation
- Checking/Savings Account Bonuses
- Latest CD and Savings Account Deals with No Major Deposit Limitiations
- Alliant Credit Union - 4.35% (min $100) account review
- SmartyPig - 4.30% (min $25) access restrictions, account review
- Indymac Bank - 4.05% (E-Money Market) (min $1K) account review
- EverBank - 4.01% ($1.5K min), 3mo promo, account review
- Corus Bank - 4.00% MMA (min $10K) account review
- Countrywide - 4.00% (min $10K), account review
- Century Bank Direct - 3.82% (min $1K) account review
- Capital One - 3.75% (Savings) (min $10K)
- Provident Direct - 3.75%, account review
- Flagstar - 3.65% MMA, account review
- Nationwide Bank - 3.65% MMA (min $1K) account review
- Century Bank Direct - 3.61% (min $100) account review
- OneUnited - 3.60% (min $1K), account review ($50 bonus)
- Beverly National Bank - 3.50% (min $5K) account review
- OnBank - 3.49%, account review
- Bank of Internet - 3.46% MMA (min $100) account review
- UmbrellaBank - 3.40% MMA (min $1K), account review
- Bank of Internet - 3.40% Checking, for those 50+, account review
- UFB Direct - 3.35%, account review
- GCF Bank - 3.34% (min $100), 3-mo promo, account review
- WTDirect - 3.31% ($10K min), account review
- ShoreBank - 3.30%, account review
- Washington Mutual - 3.30% (requires checking), account review
- iGObanking - 3.28%, account review
- Savings Square - 3.25%, account review
- Doral Bank Direct - 3.25% (min $1K) account review
- M&T Bank - 3.25%, account review
- AmTrustDirect - 3.25% (e-Savings) account review
- FNBO Direct - 3.25%, account review
- BankUnited - 3.25% (min $5K), account review
- Amboy Direct - 3.25% (min $3K) (eSavings) account review
- CapitalOne/Costco - 3.20% MMA (min $1K, Costco members only, $50 deal for exec. members)
- AmboyDirect - 3.05% (Premium Savings) post ($25 bonus)
- Heartland Bank Direct - 3.05%, ($500 min), account review
- HSBC Direct - 3.05%, account review
- Zions Bank - 3.05% MMA, outside of Utah, (min $1K) (3.35% $50K+, 3.35% $100K+), account review
- Discover Bank - 3.04% MMA (min $2.5K) (3.14% for $50K+) account & bonus review
- FirstFedDirect - 3.01% (min $1K) (closed to CA residents), account review
- ETrade Bank - 3.01%, post ($25 bonus)
- EverBank - 3.01% ($1.5K min) account review
- KeyDirect - 3.00% MMA (min $50), Not all states, account review
- E-LOAN - 3.00% ($5K min), account review
- Capital One - 3.00% MMA, account review
- grand yield direct - 3.00% (min $2.5K) account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.65% for $100K+) account review
- Salem Five Direct - 3.00% Checking (3.50% $100K+), 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)
- 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
- Rainier Pacific - 2.70% MMA account review
- Citibank - 2.70% (Ultimate Money) requires chking & bill pay, account review
- UnivestDirect - 2.70%, (1.80% checking), account review
- Direct Huntington - 2.70% ($10K min) (3.00% $100K+), account review
- MetLife Bank - 2.60% MMA (min $5K), post ($50 bonus)
- Melrose CU - 2.52% (min $25) account review
- MyBankingDirect - 2.50% MMA (min $5K), account review
- Bank of America NEA - 2.41% MMA ($10K min) (2.66% for $50K+) account review
- AmTrustDirect - 2.40% (e-Money Market) (2.65% $25K+, 2.90% $50K+) account review
- Bank of America DoW - 2.36% MMA (min $10K) (2.51% for $50K+), account review
- Charles Schwab - 2.26% Checking, account review
- VirtualBank - 2.02% (min $100), (2.79% $50K+/ 3.05% $100K+) offers checking, post ($20 bonus)
- ebank - 1.75% MMA ($10K min) (2.50% for $100K+), account review
- Self-Help Credit Union - 1.71% MMA (min $500), account review
- Tennessee Commerce Bank - 1.38% (min $10K), account review
- NewBank - 1.00% Checking, account review
3-Month Certificates of Deposit:
- GMAC Bank - 3.50% (min $500), account review
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Countrywide - 3.25% (min $10K), account review
- UmbrellaBank - 3.25% (min $1K)
- Imperial Capital - 3.25%, ($2K min), account review
- E-LOAN - 3.05% ($10K min), account review
- VirtualBank - 2.99% (min $10K), account review
- FirstFedDirect - 2.95% (min $10K), account review
- Self-Help Credit Union - 2.86% (min $500), account review
- EverBank - 2.78% ($1.5K min)
- ETrade Bank - 2.65% (min $1K), account review
- UFB Direct - 2.65% (min $8K)
- Element Financial - 2.65% (min $10K), account review
- IndyMac Bank - 2.60% (min $5K), account review
- National Bank of KC - 2.50% (min $10K), account review
6-Month Certificates of Deposit:
- Premier America CU - 5.00% (5 mo) (min $1K/max $5K) account review
- Xceed Financial CU - 5.00% (5 mo) (min $500/max $25K) account review
- IndyMac Bank - 4.15% (min $5K), account review
- Corus Bank - 3.65% (min $10K) account review
- GMAC Bank - 3.60% (min $500), account review
- Ascencia Bank - 3.55% (min $500), account review
- Flagstar - 3.54% (min $500), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Northrop Grumman FCU - 3.47% (min $40K), account review
- University FCU - 3.40% (min $2.5K), account review
- NASA FCU - 3.35% (7 mo) (min $5K) account review
- Imperial Capital - 3.35% ($2K min), account review
- E-LOAN - 3.30% ($10K min), account review
- La Jolla Bank - 3.30% (min $10K), account review
- UmbrellaBank - 3.30% (min $1K)
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Countrywide - 3.25% (min $10K), account review
- Advanta Bank - 3.20% (min $10K), account review
- Tennessee Commerce Bank - 3.20% (min $5K)
- Intervest - 3.20% (min $2.5K), account review
- FirstFedDirect - 3.01% (min $10K), account review
- AmboyDirect - 3.00% (7 mo) (min $10K), account review
- Capital One - 3.00% (min $5K) account review
- Mountain America CU - 3.00% (min $1K) account review
- Bank of Internet - 2.98% (min $1K) account review
- Century Bank Direct - 2.95% (5 mo) (min $1K) account review
- Air Academy FCU - 2.95% (min $10K) restrictions to membership, account review
- Self-Help Credit Union - 2.92% (min $500), account review
- EverBank - 2.91% ($1.5K min)
- Principal Bank - 2.90% (7 mo) (min $5K), account review
- ETrade Bank - 2.80% (min $1K), account review
- Western FCU - 2.80% (min $40K), account review
- VirtualBank - 2.79% (min $10K), account review
- KeyDirect - 2.75% (min $5K), Not all states, account review
- 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
- UFB Direct - 2.60% (min $8K)
- National Bank of KC - 2.55% (min $10K), account review
- AmTrustDirect - 2.50% (min $1K) account review
- EmigrantDirect - 2.50% (min $1K)
- CU of Georgia - 2.43% (min $50K), account review
- Wells Fargo - 2.25% (5 months) (min $5K), rate and min vary by state, account review
- Lehman Brothers Bank - 2.07% (min $1K)
9-Month Certificates of Deposit:
- GMAC Bank - 3.60% (min $500), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Imperial Capital - 3.40% ($2K min), account review
- Countrywide - 3.25% (min $10K), account review
- UmbrellaBank - 3.20% (min $1K)
- Century Bank Direct - 3.15% (10 mo) (min $1K) account review
- FirstFedDirect - 3.01% (min $10K), account review
- Bank of Internet - 2.98% (min $1K) account review
- Academy Bank - 2.95% (min $500), account review
- EverBank - 2.91% ($1.5K min)
- Element Financial - 2.80% (min $10K), account review
- VirtualBank - 2.79% (min $10K), account review
- iGObanking - 2.75% (min $500), account review
- National Bank of KC - 2.55% (min $10K), account review
- AmTrustDirect - 2.50% (min $1K) account review
- EmigrantDirect - 2.50% (min $1K)
- ING Direct - 2.50% account review
- IndyMac Bank - 2.40% (min $5K), account review
12-Month Certificates of Deposit:
- Alliant Credit Union - 4.40% (min $25K) account review
- IndyMac Bank - 4.15% (min $5K), account review
- Countrywide - 4.10% (min $10K), account review
- Patelco Credit Union - 4.07% (min $1K) account review
- State Bank of India - 4.06% (min $5K) account review
- GMAC Bank - 3.90% (min $500), account review
- Zopa - 3.75% (min $500) account review
- Advanta Bank - 3.60% (min $10K), account review
- University FCU - 3.60% (min $2.5K), account review
- Pacific Mercantile Bank - 3.55% (min $10K) account review
- Air Force FCU - 3.55% (min $25K) restrictions to membership, account review
- Melrose CU - 3.55% (min $5K) account review
- Transportation Alliance Bank - 3.54% ($1K min)
- First State Bank - 3.50% ($1K min), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Corus Bank - 3.50% (min $10K) account review
- Ascencia Bank - 3.49% (min $500), account review
- Northrop Grumman FCU - 3.48% (min $40K), account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- Flagstar - 3.40% (min $500), account review
- E-LOAN - 3.35% ($10K min), account review
- La Jolla Bank - 3.35% (min $10K), account review
- Huntington - 3.35% (min $2K) account review
- ING Direct - 3.30% account review
- Discover Bank - 3.30% (min $2.5K)
- Mutual Bank - 3.30% (min $1K) account review
- Imperial Capital - 3.30% ($2K min), account review
- iGobanking - 3.28% (min $500), account review
- UmbrellaBank - 3.25% (min $1K)
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Capital One - 3.25% (min $5K) account review
- Delta Community CU - 3.25% (min $1K) account review
- Intervest - 3.25% (min $2.5K), account review
- Navy FCU - 3.15% ($20K min) (3.30% for $100K+) restrictions to membership, account review
- Principal Bank - 3.15% (14 mo) (min $5K), account review
- Air Academy FCU - 3.15% (min $10K) membership restrictions, account review
- Mountain America CU - 3.10% (min $1K) account review
- GTE FCU - 3.09% (min $500) account review
- FirstFedDirect - 3.05%, (min $10K) account review
- VirtualBank - 3.05% (min $10K), account review
- Western FCU - 3.05% (min $40K), account review
- AmTrustDirect - 3.00% (min $1K) account review
- EverBank - 3.00% ($1.5K min)
- Element Financial - 3.00% (min $10K), account review
- Self-Help Credit Union - 2.95% (min $500), account review
- Academy Bank - 2.90% (min $500), account review
- Bank of Internet - 2.86% (min $1K) account review
- ETrade Bank - 2.85% (min $1K), account review
- Washington Mutual - 2.85% (min $1K), account review
- KeyDirect - 2.75% (min $5K), Not all states, account review
- Apple Bank - 2.75% (min $500) account review
- CU of Georgia - 2.68% (min $50K), account review
- National Bank of KC - 2.60% (min $10K), account review
- NewBank - 2.50% (min $5K), account review
- EmigrantDirect - 2.50% (min $1K)
- UFB Direct - 2.40% (min $8K)
- H&R Block Bank - 2.25% (min $250) account review
- Lehman Brothers Bank - 2.12% (min $1K)
18-Month Certificates of Deposit:
- Alliant Credit Union - 4.40% (17 mo) (min $25K) account review
- Countrywide - 4.10% (min $10K), account review
- Advanta Bank - 3.66% (min $10K), account review
- GMAC Bank - 3.60% (min $500)
- Capital One - 3.55% (min $5K) account review
- First State Bank - 3.50% ($1K min), account review
- AmTrustDirect - 3.50% (min $1K) account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- Flagstar - 3.40% (min $500), account review
- Intervest - 3.35% (min $2.5K), account review
- Doral Bank Direct - 3.25% (min $1K) account review
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Discover Bank - 3.25% (min $2.5K)
- Mountain America CU - 3.15% (min $1K) account review
- Element Financial - 3.05% (min $10K), account review
- EverBank - 3.00% ($1.5K min)
- Bank of Internet - 2.86% (min $1K) account review
- ETrade Bank - 2.85% (min $1K), account review
- Academy Bank - 2.85% (min $500) account review
- VirtualBank - 2.79% (min $10K), account review
- iGObanking - 2.75% (min $500) account review
- National Bank of KC - 2.60% (min $10K), account review
- NewBank - 2.50% (min $5K), account review
- ING Direct - 2.50%, account review
- EmigrantDirect - 2.50% (min $1K)
- H&R Block Bank - 2.50% (min $250) account review
- IndyMac Bank - 2.35% (min $5K), account review
- Lehman Brothers Bank - 2.17% (min $1K)
24-Month Certificates of Deposit:
- Countrywide - 4.25% (min $10K), account review
- National City Bank - 4.25% (min $10K) 4.00% w/o chk, account review
- Alliant Credit Union - 4.15% (min $25K) account review
- State Bank of India - 4.06% (min $5K) account review
- OnBank - 3.85% (min $500), account review
- GMAC Bank - 3.75% (min $500)
- Capital One - 3.75% (min $5K) account review
- University FCU - 3.75% (min $2.5K), account review
- Advanta Bank - 3.66% (min $10K), account review
- E-LOAN - 3.65% ($10K min), account review
- Air Force FCU - 3.65% (min $25K) restrictions to membership, account review
- Transportation Alliance Bank - 3.64% ($1K min)
- Northrop Grumman FCU - 3.58% (min $40K), account review
- Melrose CU - 3.55% (min $5K) account review
- Ascencia Bank - 3.51% (min $500), account review
- KeyDirect - 3.50% (min $5K),Not all states, account review
- AmTrustDirect - 3.50% (min $1K) account review
- Mutual Bank - 3.40% (min $1K) account review
- Delta Community CU - 3.40% (min $1K) account review
- Intervest - 3.40% (min $2.5K), account review
- Discover Bank - 3.35% (min $2.5K)
- Flagstar - 3.35% (min $500), account review
- Air Academy FCU - 3.35% (min $10K) membership restrictions, account review
- Navy FCU - 3.30% ($20K min) (3.45% for $100K+) restrictions to membership, account review
- Tennessee Commerce Bank - 3.30% (min $5K)
- Doral Bank Direct - 3.25% (min $1K) account review
- ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
- Mountain America CU - 3.20% (min $1K) account review
- Western FCU - 3.20% (min $40K), account review
- Self-Help Credit Union - 3.12% (min $500), account review
- EverBank - 3.10% ($1.5K min)
- Element Financial - 3.10% (min $10K), account review
- Apple Bank - 3.00% (min $500) account review
- CU of Georgia - 2.94% (min $50K), account review
- VirtualBank - 2.79% (min $10K), account review
- National Bank of KC - 2.70% (min $10K), account review
- Bank of Internet - 2.61% (min $1K) account review
- UFB Direct - 2.50% (min $8K)
- NewBank - 2.50% (min $5K), 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
- Lehman Brothers Bank - 2.28% (min $1K)
- Presidential Bank - 2.25% (min $1K)
36-Month Certificate of Deposit:
- Countrywide - 4.50% (min $10K), account review
- State Bank of India - 4.32% (min $5K) account review
- KeyDirect - 4.00% (min $5K), Not all states, account review
- GMAC Bank - 4.00% (min $500)
- Capital One - 4.00% (min $5K) account review
- Ascencia Bank - 3.97% (min $500), account review
- University FCU - 3.95% (min $2.5K), account review
- E-LOAN - 3.80% ($10K min), account review
- Melrose CU - 3.80% (min $5K) account review
- Discover Bank - 3.76% (min $2.5K)
- Pentagon Federal CU - 3.75% (min $1K), account review
- Advanta Bank - 3.75% (min $10K), account review
- Transportation Alliance Bank - 3.75% ($1K min)
- Air Force FCU - 3.70% (min $25K) restrictions to membership, account review
- First State Bank - 3.65% ($1K min), account review
- Agriculture FCU - 3.65% (min $1K), account review
- Northrop Grumman FCU - 3.62% (min $40K), account review
- Intervest - 3.60% (min $2.5K), account review
- Air Academy FCU - 3.55% (min $10K) membership restrictions, account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Mutual Bank - 3.50% (min $1K) account review
- Mountain America CU - 3.50% (min $1K) account review
- Navy FCU - 3.45% ($20K min) (3.55% for $100K+) restrictions to membership, account review
- Self-Help Credit Union - 3.40% (min $500), account review
- Flagstar - 3.40% (min $500), account review
- Delta Community CU - 3.40% (min $1K) account review
- Tennessee Commerce Bank - 3.35% (min $5K)
- Western FCU - 3.30% (min $40K), account review
- Element Financial - 3.25% (min $10K), account review
- CU of Georgia - 3.20% (min $50K), account review
- Principal Bank - 3.20% (33 mo) (min $5K), account review
- Patelco CU - 3.20% ($1K min), account review
- EverBank - 3.15% ($1.5K min)
- AmTrustDirect - 3.00% (min $1K) account review
- H&R Block Bank - 3.00% (min $250) account review
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- ETrade Bank - 2.95% (min $1K), account review
- Bank of Internet - 2.91% (min $1K) account review
- National Bank of KC - 2.90% (min $10K), account review
- UFB Direct - 2.80% (min $8K)
- VirtualBank - 2.79% (min $10K), account review
- NewBank - 2.50% (min $5K), account review
- ING Direct - 2.50%, account review
- EmigrantDirect - 2.50% (min $1K)
- Lehman Brothers Bank - 2.38% (min $1K)
48-Month Certificate of Deposit:
- National City Bank - 5.00% (min $10K) 4.75% w/o chk, account review
- Countrywide - 4.50% (min $10K), account review
- Capital One - 4.30% (min $5K) account review
- KeyDirect - 4.25% (min $5K), Not all states, account review
- M&T Bank - 4.17% (min $5K) account review
- E-LOAN - 4.05% ($10K min), account review
- University FCU - 4.05% (min $2.5K), account review
- GMAC Bank - 4.00% (min $500)
- Advanta Bank - 3.90% (min $10K), account review
- Mountain America CU - 3.90% (min $1K) account review
- Melrose CU - 3.80% (min $5K) account review
- Northrop Grumman FCU - 3.80% (min $40K), account review
- Transportation Alliance Bank - 3.79% ($1K min)
- Discover Bank - 3.76% (min $2.5K)
- First State Bank - 3.75% ($1K min), account review
- Navy FCU - 3.75% ($20K min) (3.55% for $100K+) restrictions to membership, account review
- Agriculture FCU - 3.75% (min $1K), account review
- Pentagon Federal CU - 3.75% (min $1K), account review
- Intervest - 3.71% (min $2.5K), account review
- Self-Help Credit Union - 3.67% (min $500), account review
- Flagstar - 3.65% (min $500), account review
- Air Academy FCU - 3.65% (min $10K) membership restrictions, account review
- Doral Bank Direct - 3.50% (min $1K) account review
- H&R Block Bank - 3.50% (min $250) account review
- CU of Georgia - 3.45% (min $50K), account review
- Element Financial - 3.45% (min $10K), account review
- Patelco CU - 3.45% ($1K min), account review
- Western FCU - 3.36% (min $40K), account review
- Tennessee Commerce Bank - 3.35% (min $5K)
- USA FCU - 3.25% (min $1K) account review
- Bank of Internet - 3.21% (min $1K) account review
- EverBank - 3.15% ($1.5K min)
- Washington Mutual - 3.15% (min $1K), account review
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- National Bank of KC - 2.95% (min $10K), account review
- VirtualBank - 2.79% (min $10K), 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:
- KeyDirect - 4.75% (min $5K), Not all states, account review
- Navy FCU - 4.75% ($20K min) (4.90% for $100K+) restrictions to membership, account review
- State Bank of India - 4.58% (min $5K) account review
- Countrywide - 4.50% (min $10K), account review
- Capital One - 4.50% (min $5K) account review
- M&T Bank - 4.37% (min $5K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- E-LOAN - 4.20% ($10K min), account review
- Discover Bank - 4.18% (min $2.5K)
- GMAC Bank - 4.15% (min $500)
- University FCU - 4.15% (min $2.5K), account review
- Mountain America CU - 4.10% (min $1K) account review
- Northrop Grumman FCU - 4.08% (min $40K), account review
- Melrose CU - 4.06% (min $5K) account review
- Intervest - 4.05% (min $2.5K), account review
- Transportation Alliance Bank - 4.04% ($1K min)
- First State Bank - 4.00% ($1K min), account review
- iGobanking - 4.00% (min $500), account review
- Agriculture FCU - 4.00% (min $1K), account review
- Advanta Bank - 4.00% (min $10K), account review
- Ascencia Bank - 3.97% (min $500), account review
- ETrade Bank - 3.90% (min $1K), account review
- Self-Help Credit Union - 3.88% (min $500), account review
- Air Force FCU - 3.85% (min $25K) restrictions to membership, account review
- Flagstar - 3.80% (min $500), account review
- EverBank - 3.75% ($1.5K min)
- Air Academy FCU - 3.75% (min $10K) membership restrictions, account review
- Patelco CU - 3.71% ($1K min), account review
- CU of Georgia - 3.61% (min $50K), account review
- Element Financial - 3.51% (min $10K), account review
- Doral Bank Direct - 3.50% (min $1K) 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
- Delta Community CU - 3.50% (min $1K) account review
- Bank of Internet - 3.46% (min $1K) account review
- USA FCU - 3.45% (min $1K) account review
- Western FCU - 3.45% (min $40K) account review
- UFB Direct - 3.35% (min $8K)
- Tennessee Commerce Bank - 3.35% (min $5K)
- Washington Mutual - 3.25% (min $1K), account review
- National Bank of KC - 3.05% (min $10K), account review
- AmTrustDirect - 3.00% (min $1K) account review
- ING Direct - 3.00%, account review
- ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
- Apple Bank - 3.00% (min $500) account review
- VirtualBank - 2.79% (min $10K), account review
- EmigrantDirect - 2.50% (min $1K)
- Lehman Brothers Bank - 2.48% (min $1K)
- Presidential Bank - 2.35% (min $1K)
84-Month Certificate of Deposit:
- Capital One - 5.50% (min $5K) (5.50% 10yr) account review
- KeyDirect - 5.00% (min $5K) (5% 10yr) Not all states, account review
- Navy FCU - 5.00% ($20K min) (4.90% for $100K+) restrictions to membership, account review
- Pentagon Federal CU - 4.49% (min $1K), account review
- Intervest - 4.07% (min $2.5K), account review
- Countrywide - 3.00% (min $10K), account review
- EmigrantDirect - 2.50% (min $1K)
High Yield Reward Checking Accounts - Open to All
- 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
- 6.01% Reward Checking at West Texas National Bank - $25K Cap
- 6.01% Reward Checking at Golden Plains Credit Union - $25K Cap
- 6.01% Reward Checking at Arizona Bank & Trust - $20K Cap
- 6.00% Reward Checking at Southern Community Bank & Trust - $25K Cap
- 5.09% Reward Checking at Consumers Credit Union - $25K Cap
- 5.06% Reward Checking at Heartland Community Bank - $30K Cap
- 5.01% Reward Checking at Coastal FCU - $50K Cap
- 4.44% Reward Checking at First Arkansas Bank & Trust - $50K Cap
- 4.01% Reward Checking at State Bank of Toledo - $70K Cap
- 4.01% Reward Checking at Connexus Credit Union - $25K Cap
- 4.01% Reward Checking at Provident Credit Union - $25K Cap
Checking and Saving Accounts at Local Banks/Credit Unions
- Local High Yield Reward Checking Accounts Ordered by States
- Local High Yield Reward Checking Accounts
- 4.25% 3-Month Money Market Promo at Amboy (New Jersey)
- 3.25% Checking Account (Florida)
- 3.20% Money Market Account (Utah)
- 3.20% Low-Minimum Online Savings Account (California)
- 3.05% No-Minimum Online Savings Account (New York)
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)
- 4.94% 60-Month CD at a Virginia CU (Northwest)
- 4.78% 60-Month CD at a California CU (UNCLE)
- 4.65% 60-Month CD at a Colorado Bank (New Frontier)
- 4.50% 60-Month CD at a Washington State Bank (Cashmere Valley)
- 4.45% 60-Month CD at a DC Credit Union (Library of Congress)
- 4.25% 60-Month CD at Wachovia in Some States
- 4.00% 60-Month CD at a Texas Credit Union (SACU)
Terms of 24 Months to Under 60 Months
- 5.00% 36-Month CD at a New Hampshire Credit Union (NHFCU)
- 4.82% 24-Month CD at a California CU (Mission City)
- 4.55% 36-Month CD at a Virginia CU (Northwest)
- 4.20% 36-Month CD at a Massachusetts CU (Central One)
- 4.18% 24-Month CD at a Florida Bank (Heritage)
- 4.15% 42-Month CD at BB&T Bank in SE USA
- 4.15% 24-Month CD at a DC Credit Union (Library of Congress)
- 4.15% 24-Month CD at a California CU (Schools)
- 4.10% 36-Month CD at a Virginia CU (Richmond Postal)
- 4.07% 24-Month CD at a Texas CU (NavyArmy)
- 4.00% 27-Month CD at a North Carolina CU (Summit)
- 4.00% 40-Month CD at a Maine CU - No Early Withdrawal Penalty (Penobscot)
- 4.00% 33-Month CD at a WA/OR/ID Bank (Banner)
- 4.00% 24-Month CD at a Massachusetts CU (Greylock)
- 3.95% 24-Month CD at a California Bank (Pacific State)
- 3.90% 24-Month CD at a Texas Credit Union (SACU)
- 3.85% 24-Month CD at a Southwest FL Bank (Florida Community)
- 3.75% 48-Month CD at a Florida Bank (Sunshine Savings)
Terms of 12 Months to Under 24 Months
- 4.52% 12-Month CD at a California CU (Mission City)
- 4.50% 12-Month CD at a New Hampshire Credit Union (NHFCU)
- 4.50% 12-Month CD at a Colorado Bank (New Frontier)
- 4.23% 12-Month CD at a Arizona CU (Pinal County)
- 4.20% 12-Month CD at a Virginia CU (Richmond Postal)
- 4.15% 12-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
- 4.05% 12-Month CD at a California CU (Schools)
- 4.04% 18-Month CD at a California CU (UNCLE)
- 4.00% 12-Month CD at a Texas CU (Dallas Telco)
- 4.00% 15-Month CD at a Florida Bank (Sunshine Savings)
- 4.00% 12-Month CD at a Nevada Bank (Silver State)
- 3.98% 14-Month CD at a Florida Bank (Heritage)
- 3.95% 12-Month CD at a Washington State Bank (Cashmere Valley)
- 3.92% 12-Month CD at a Texas CU (NavyArmy)
- 3.80% 12-Month CD at a Massachusetts CU (Central One)
- 3.75% 12-Month CD at a California Bank (County)
- 3.75% 18-Month CD at a Chicago Bank (Beverly Bank & Trust)
- 3.71% 12-Month CD at a Chicago Bank (Beverly Bank & Trust)
- 3.67% 12-Month CD at a New York City Bank (Savoy)
- 3.50% 23-Month CD at a South Florida CU (BrightStar)
Terms of Under 12 Months
- 5.00% 9-Month CD at a Michigan CU - $20K Max (Dort Federal Credit Union)
- 5.00% 5-Month CD at a Premier America CU - $5K Max - Easy Membership
- 4.25% 9-Month CD at a Arizona CU (Tucson Old Pueblo)
- 4.25% 5-Month CD at a New Jersey Bank - and $100 Checking Bonus (OceanFirst)
- 4.03% 7-Month CD at a California Bank (Pacific State)
- 4.00% 6-Month CD at a Florida Bank - Liquid Feature (Grand Bank & Trust)
- 4.00% 6-Month CD at a Nevada Bank (Silver State)
- 3.90% 9-Month CD at a California Bank (PFF Bank & Trust)
- 3.90% 11-Month CD at a Washington State CU - and $100 Checking Bonus (Sound)
- 3.88% 5-Month CD at a SoCal Bank (Golden Coast)
- 3.85% 5-Month CD at a South Florida CU (BrightStar)
- 3.80% 9-Month CD at a Ohio CU - and $50 checking bonus (Toledo Area Community)
- 3.75% 9-Month CD at a North Carolina CU (Summit)
- 3.75% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
- 3.70% 9-Month CD at a South Florida Bank (Great Florida)
- 3.68% 3-Month CD at a SoCal Bank (Golden Coast)
- 3.60% 5-Month CD at a Missouri Bank (St. Louis)
- 3.60% 3-Month CD at a Missouri Bank (St. Louis)
- 3.56% 6-Month CD at a New York City Bank (Savoy)
- 3.51% 9-Month CD at a California Bank (County)
- 3.50% 4-Month CD at a South Florida Bank (Great Florida)
- 3.00% 4-Month CD at a Maine CU - No Early Withdrawal Penalty (Penobscot)
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 3.30% rate for $50k+
- Paypal Money Market Fund - 2.68% 7-day yield (1% cashback debit MasterCard)
- Fidelity Money Market Fund - 2.68% 7-day yield ($100 bonus and other info)
- TIAA-CREF Money Market Fund - 2.62% 7-day yeild
- Vanguard Prime Money Market Fund - 2.47% 7-day yield
- FW Thread on Treasury Bills
- I Bonds for Spring 2008, 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
Anonymous - #1, Saturday, April 19, 2008 - 5:20 PM
Don't forget not to miss out on the fake %9000 TD Ameritrade deal:)
singlepap@gmail.com (anonymous) - #2, Sunday, April 20, 2008 - 12:06 PM
All shlemazel missed the deadline on deal of the year at TDAmeritrade. Have to wait till next week now, to get on-board the one at another house. Pays faster though, for everyone with liquid 25k/50k
Anonymous - #3, Monday, April 21, 2008 - 3:59 AM
ok, not much, but 6-7 months ago I opened cd at western based on info from this site. Just signed on to check balance, they're giving away a $10 gift card to Barnes and Noble, subway, mcdonald's or starbucks as a thank you for patience in their updating their site
singlepap@gmail.com (anonymous) - #4, Monday, April 21, 2008 - 8:49 AM
Another case in point for the shrink, who commented here last week. People jump up-and-down about $10 gift from a bank; and choose to ignore $1000 gift from brokerage house, for doing exactly the same thing - buying a CD or Money Market account. Not enough that they ignore $1000 gift - they also take the time to post here about how annoyed they are at someone reminding them about it. And in so posting, they make others miss the offer.
This reminds of crab syndrome, Dr. One crab would struggle and get out of the bucket. But when there is a bunch of crabs, they make sure to pull him back in - so that he suffers the same fate!
Banking Guy (anonymous) - #5, Monday, April 21, 2008 - 9:07 AM
Forgot to mention in the weekly summary that in addition to E-LOAN, KeyDirect also raised its money market account yield from 2.75% to 3.00% APY. Perhaps this is an indication we're nearing the bottom of the rate declines.
Anonymous - #6, Monday, April 21, 2008 - 9:24 AM
Quote: "they also take the time to post here about how annoyed they are at someone reminding them about it. And in so posting, they make others miss the offer."
How can that be?
These posts about broakerage house deals keep appearing EVERY time I access this site to keep up on the latest insured CD and MM rates.
singlepap@gmail.com (anonymous) - #7, Monday, April 21, 2008 - 9:38 AM
Care to provide evidence that a Bank CD purchased at brokerage house is NOT insured by FDIC?
Anonymous - #8, Monday, April 21, 2008 - 3:31 PM
"Care to provide evidence that a Bank CD purchased at brokerage house is NOT insured by FDIC?"
By singlepap@gmail.com, at 7:38 AM, April 21, 2008
???
singlepap@gmail.com (anonymous) - #9, Monday, April 21, 2008 - 4:53 PM
What's not clear, anonymous (???)
The entire population of this blog buys CD's from the banks, who offer $10-$100 bonuses. But when (from time-to-time) a brokerage house has an offer (oh my God, not listed on their website!?) of $1,000 bonus to open account there - the population says "No, we're too noble to associate with anything like that". Despite the fact that you can buy Bank CD (Wamu 3.4%, anyone?) on the 25k you just deposited there. People are totally financially neglectful to realize that $1,000 bonus they collect simply equals to extra 4% annual boost to their CD interest, thus yielding them 7.5% FDIC insured. But no, God forbid: if I'm not doing - will I let others do it??? So ever since my original disclosure on this website - the only positive comment that ever followed was from the Banking Guy himself. Every single anonymous comment was to prevent others from taking advantage of the deal. On the other (more established and populous) website, I only won thunderous thanks. Here, people keep contemplating: are we lucky to lock-in 4 percent; or maybe, God willing, there is 4.5% offered somewhere, on my 25k or 50k (most have a spouse) or 75k (another next of kin, also qualified for the bonus) or 100k (one more name). The only possible answer to your ??? is !!!
Jay (anonymous) - #10, Saturday, April 26, 2008 - 11:47 AM
The limit on ibinds per year is $5,000, not $10,000.
Banking Guy (anonymous) - #11, Saturday, April 26, 2008 - 5:21 PM
The $10K cap includes $5K electronic (from Treasury Direct) and $5K paper.
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