Bank Deals Weekly Summary for May 17, 2008

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

In the last few weeks there were signs that deposit rates may have bottomed. A few savings account rates had inched up, and CD rates, especially long term CD rates, were going up at several banks. There was a little bit of a pull-back this week.

Countrywide Bank reduced rates on its Savingslink account and on many CD terms. The new savingslink yield is 3.80% APY for balances over $10K (was 4.00%). Countrywide had yields over 4 percent on many of its CD terms from 12 months to 60 months. Now, the only ones above 4% are the 48 and 60-month terms which have a yield of 4.20% APY. GMAC Bank also reduced its CD rates. Most of its rate cuts were on its shorter term CDs. The largest drop was the 12-month CD rate which fell from 4.10% to 3.65% APY.

Other online banks which cut its savings account rates include Citibank, WTDirect and AmTrustDirect. Some of the banks that cut CD rates include IndyMac, Discover, and UFB Direct.

Savings Accounts Recap

The top savings account by far continues to be at AARP Financial Savings Center (see post). Its Jumbo money market account rate is still at 4.75% APY and its no-minimum savings account rate is still at 4.50% APY. AARP membership is required.

After AARP, 4% is the next highest non-promo savings account rate. The 3 institutions offering this include Alliant Credit Union, Corus Bank and Indymac Bank. My preference goes to Alliant Credit Union's savings account which has the smallest minimum balance requirement, a long history of competitive rates, and an ACH transfer system (see post).

The rate is not quite 4%, but Capital One's Online Savings Account is close at 3.75% APY. I did my first review of this account yesterday.

Certificate of Deposit Rates Recap

Even though a few banks cut their CD rates this week, several increased rates. Imperial Capital Bank did a large rate hike on its 6, 9 and 12-month terms. Its 9-month CD almost made it to the top of my 9-month CD list until I saw E-LOAN had added new CD terms. E-LOAN's new 9-month CD has a yield of 3.80% APY. E-LOAN also added 1-month and 2-month terms, but I'm not sure why anyone would choose these over E-LOAN's savings account which has a higher yield.

IndyMac reduced the rate of its 12-month internet special CD to 4.10% APY, so now Alliant Credit Union is alone on top with its 4.15% APY CD with a minimum deposit of $25,000.

National City has again extended its CD promotion. Plus, they added shorter terms to the promo. From their online website, they're now offering 5% APY on a 36-month term when you also have a checking account (4.75% without a checking). In some states the minimum term was advertised as only 30 months (see post).

Several banks continue to offer decent long term yields. With high inflation, banks are probably anticipating higher rates in the next year or two. KeyDirect is offering a 5% APY 60-month CD. Wachovia, E-LOAN and Capital One are offering 4.75% APY on their 60-month CDs.

Reward Checking Recap

I added 7 more local reward checking accounts this week (see recap below). Only one has a 6% yield. New 6% reward checking accounts are getting harder to find, but many banks and credit unions continue to maintain their 6% reward checking yield.

I added one more bank to my list of reward checking accounts available nationwide. It's Capital Bank, and its reward checking pays 5.01% APY for balances up to $25K. I first reported on this over a year ago in April 2007 (see post). So they have a fairly long history of maintaining this rate.

For a list of all reward checking accounts (including ones available nationwide), please see my new High Yield Checking website.

Banking News Recap

I first reported on the bank failure at ANB Financial on May 9th. One this blog's readers happened to be a customer of ANB Financial, and was generous to give his report of his experience and some lessons learned (see post). If you have over $100K at any one bank, make sure you review the lessons learned.

A reader just noted this recent Wall Street Journal article on ANB Financial. The article describes how brokered deposits allowed the bank to fund rapid real-estate lending which created a lot of risk.

Recap for the Week - Links to This Week's Posts

Banking News

• $400,000 of Deposits at a Failed Bank, First-Hand Experience at ANB Financial

Savings and Money Market Accounts - National

• Review of Capital One's Online Savings Account
• More Nationwide Reward Checking Accounts
• iGObanking.com Launches High Interest Checking

CD Deals - National

• Update on National City's 5% CD Special - New Shorter Terms

Checking/Savings Account Bonuses

• New $200 Citibank Checking Account Promotion
• $175 New Checking Account and Credit Card Offer at NASA FCU (Easy Membership)

Reward Checking Accounts

• 5.00% Reward Checking Account at an Iowa CU (Linn Area)
• 5.25% Reward Checking Account at a Texas Bank (Alliance)
• 6.01% Reward Checking Account at an Illinois Bank (First Clover Leaf)
• 5.00% Reward Checking Account at a Pennsylvania CU (Erie General Electric)
• 5.25% Reward Checking Account at an Oklahoma CU (Communications)
• 5.13% Reward Checking Account at a Texas Bank (Legend Bank)
• 4.00% Reward Checking Account at Bancorp South

CD and Money Market Deals - Local

• 4.25% 36-Month CD at a Texas Bank (Highlands)
• 3.70% 6-Month CD at a Tampa Florida Bank (Pilot)
• 4.01% 13-Month CD at a Florida Panhandle Bank (First City).
• 3.70% 7-Month CD at a CA/NY Credit Union - plus a Savings Account Promo (First Entertainment)
• 4.06% 24-Month / 3.80% 12-Month CD at a Maryland CU (Oldham Family Alliance)
• 4.00% 24-Month CD at a Florida Bank (Riverside)
• 4.10% 18-Month CD at a North Carolina CU (NewBridge)
• 4.00% 6-Month / 4.00% 12-Month CD at a Missouri Bank (St. Louis)

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 May 10th, May 3rd, Apr 26th, Apr 19th, Apr 12th, Apr 5th, Mar 29th, Mar 22nd and Mar 15th.

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 May 17, 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

• AARP Financial Savings Center - 4.50%, AARP membership req, account review
• EverBank - 4.01% ($1.5K min), 3mo promo, account review
• Indymac Bank - 4.00% (E-Money Market) (min $1K) account review
• Corus Bank - 4.00% MMA (min $10K) account review
• Alliant Credit Union - 4.00% (min $100) account review
• SmartyPig - 3.90% (min $25) access restrictions, account review
• Countrywide - 3.80% (min $10K), account review
• Capital One - 3.75% (Savings) (min $10K) account review
• Provident Direct - 3.75%, account review
• E-LOAN - 3.75%, new account promo, ($5K min), account review
• Flagstar - 3.65% MMA, account review
• OneUnited - 3.60% (min $1K), account review ($50 bonus)
• Century Bank Direct - 3.57% MMA (min $1K) account review
• OnBank - 3.49%, account review
• Bank of Internet - 3.46% MMA (min $100) account review
• Century Bank Direct - 3.41% (min $100) account review
• UmbrellaBank - 3.40% MMA (min $1K), account review
• Bank of Internet - 3.40% Checking, for those 50+, account review
• Nationwide Bank - 3.40% MMA (min $1K) account review
• Amegy Bank - 3.35% (min $10K) account review
• Century Bank Direct - 3.35% Checking (min $100) account review
• GCF Bank - 3.34% (min $100), 3-mo promo, account review
• ShoreBank - 3.30%, account review
• Washington Mutual - 3.30% (requires checking), account review
• iGObanking - 3.28%, account review
• Doral Bank Direct - 3.25% (min $1K) account review
• M&T Bank - 3.25%, account review
• FNBO Direct - 3.25%, account review
• Amboy Direct - 3.25% (min $3K) (eSavings) account review
• Beverly National Bank - 3.25% (min $5K) account review
• CapitalOne/Costco - 3.20% MMA (min $1K, Costco members only, $50 deal for exec. members)
• WTDirect - 3.16% ($10K min), account review
• ETrade Bank - 3.15%, post ($25 bonus)
• Savings Square - 3.05%, account review
• AmboyDirect - 3.05% (Premium Savings) post ($25 bonus)
• Heartland Bank Direct - 3.05%, ($500 min), account review
• HSBC Direct - 3.05%, account review
• Discover Bank - 3.04% MMA (min $2.5K) (3.14% for $50K+) account & bonus review
• BankUnited - 3.00% (min $5K), account review
• E-LOAN - 3.01% ($5K min), account review
• FirstFedDirect - 3.01% (min $1K) (closed to CA residents), account review
• UFB Direct - 3.01%, account review
• KeyDirect - 3.00% MMA (min $50), Not all states, account review
• Capital One - 3.00% MMA, 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)
• UnivestDirect - 3.00%, (1.75% checking), account review
• AmTrustDirect - 3.00% (e-Savings) account review
• MetLife Bank - 2.85% MMA (min $10K), post ($50 bonus)
• PFF Bank and Trust - 2.85% (min $1K), account review
• EverBank - 2.76% MMA ($1.5K min) account review
• Mutual Bank - 2.75% MMA (min $5K), account review
• EmigrantDirect - 2.75%, account review
• BancoFortuna.com - 2.75%, account review
• grand yield direct - 2.75% (min $2.5K) account review
• Direct Huntington - 2.70% ($10K min) (3.00% $100K+), account review
• Citibank - 2.65% (Ultimate Money) requires chking & bill pay, account review
• Self-Help Credit Union - 2.61% MMA (min $500), account review
• Presidential Bank - 2.60% (min $5K, only first $35K receives this rate), offers 2.00% checking, account review
• Zions Bank - 2.53% MMA, outside of Utah, (min $2.5K) (3.05% $50K+, 3.25% $100K+), account review
• Melrose CU - 2.52% (min $25) account review
• Rainier Pacific - 2.50% MMA account review
• MyBankingDirect - 2.50% MMA (min $5K), account review
• Bank of America DoW - 2.45% MMA (min $5K) (2.55% for $100K+), account review
• Bank of America NEA - 2.22% MMA ($500 min) (2.48% for $50K+) account review
• Charles Schwab - 2.01% Checking, account review
• AmTrustDirect - 2.00% (e-Money Market) (2.25% $25K+, 2.50% $50K+) account review
• Tennessee Commerce Bank - 1.88% (min $10K), account review
• VirtualBank - 1.77% (min $100), (2.53% $50K+/ 2.79% $100K+) post ($20 bonus)
• ebank - 1.75% MMA ($10K min) (2.50% for $100K+), account review

3-Month Certificates of Deposit:

• E-LOAN - 3.51% ($10K min), account review
• GMAC Bank - 3.35% (min $500), account review
• Imperial Capital - 3.30%, ($2K min), 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)
• FirstFedDirect - 3.01% (min $10K), account review
• VirtualBank - 2.99% (min $10K), account review
• EverBank - 2.78% ($1.5K min)
• Self-Help Credit Union - 2.76% (min $500), account review
• ETrade Bank - 2.70% (min $1K), account review
• Element Financial - 2.70% (min $10K), account review
• UFB Direct - 2.70% (min $8K)
• National Bank of KC - 2.50% (min $10K), account review
• IndyMac Bank - 2.50% (min $5K), account review

6-Month Certificates of Deposit:

• Christian Community CU - 4.00% (7-mo) (min $500) not NCUA insured (ASI only) account review
• Corus Bank - 3.75% (min $10K) account review
• Ascencia Bank - 3.66% (min $500), account review
• E-LOAN - 3.66% ($10K min), account review
• Countrywide - 3.65% (min $10K), account review
• Imperial Capital - 3.50% ($2K min), account review
• Tennessee Commerce Bank - 3.50% (min $5K)
• Doral Bank Direct - 3.50% (min $1K) account review
• GMAC Bank - 3.45% (min $500), account review
• University FCU - 3.40% (min $2.5K), account review
• Northrop Grumman FCU - 3.30% (min $40K), account review
• La Jolla Bank - 3.30% (min $10K), account review
• UmbrellaBank - 3.30% (min $1K)
• ING Direct - 3.30%, account review
• FirstFedDirect - 3.25% (min $10K), account review
• ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
• Advanta Bank - 3.20% (min $10K), account review
• Intervest - 3.15% (min $2.5K), account review
• EverBank - 3.00% ($1.5K min)
• Flagstar - 3.00% (min $500), 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
• Self-Help Credit Union - 2.98% (min $500), account review
• Bank of Internet - 2.98% (min $1K) account review
• Air Academy FCU - 2.95% (min $10K) restrictions to membership, account review
• ETrade Bank - 2.85% (min $1K), account review
• UFB Direct - 2.80% (min $8K)
• VirtualBank - 2.79% (min $10K), account review
• CU of Georgia - 2.78% (min $50K), account review
• Western FCU - 2.76% (min $40K), account review
• Century Bank Direct - 2.75% (5 mo) (min $1K) account review
• iGObanking - 2.75% (min $500), account review
• Element Financial - 2.75% (min $10K), account review
• Principal Bank - 2.75% (7 mo) (min $5K), account review
• KeyDirect - 2.65% (min $5K), Not all states, account review
• Washington Mutual - 2.65% (min $1K), account review
• National Bank of KC - 2.55% (min $10K), account review
• IndyMac Bank - 2.50% (min $5K), account review
• AmTrustDirect - 2.50% (min $1K) account review
• EmigrantDirect - 2.50% (min $1K)
• Wells Fargo - 2.40% (5 months) (min $5K), rate and min vary by state, account review
• Lehman Brothers Bank - 2.07% (min $1K)

9-Month Certificates of Deposit:

• E-LOAN - 3.80% ($10K min), account review
• Imperial Capital - 3.70% ($2K min), account review
• GMAC Bank - 3.55% (min $500), account review
• Doral Bank Direct - 3.50% (min $1K) account review
• ING Direct - 3.30% account review
• Countrywide - 3.25% (min $10K), account review
• UmbrellaBank - 3.20% (min $1K)
• Century Bank Direct - 3.11% (10 mo) (min $1K) account review
• FirstFedDirect - 3.10% (min $10K), account review
• EverBank - 3.00% ($1.5K min)
• AmTrustDirect - 3.00% (min $1K) account review
• Bank of Internet - 2.98% (min $1K) account review
• Academy Bank - 2.95% (min $500), account review
• Element Financial - 2.80% (min $10K), account review
• VirtualBank - 2.79% (min $10K), account review
• iGObanking - 2.75% (min $500), account review
• National Bank of KC - 2.55% (min $10K), account review
• EmigrantDirect - 2.50% (min $1K)
• IndyMac Bank - 2.40% (min $5K), account review

12-Month Certificates of Deposit:

• Alliant Credit Union - 4.15% (min $25K) account review
• IndyMac Bank - 4.10% (min $5K), account review
• Ascencia Bank - 3.95% (min $500), account review
• E-LOAN - 3.95% ($10K min), account review
• Countrywide - 3.95% (min $10K), account review
• Tennessee Commerce Bank - 3.85% (min $5K)
• State Bank of India - 3.80% (min $5K) account review
• Corus Bank - 3.76% (min $10K) account review
• Imperial Capital - 3.75% ($2K min), account review
• AmTrustDirect - 3.75% (min $1K) account review
• Zopa - 3.75% (min $500) account review
• Pacific Mercantile Bank - 3.66% (min $10K) account review
• GMAC Bank - 3.65% (min $500), account review
• Advanta Bank - 3.60% (min $10K), account review
• University FCU - 3.60% (min $2.5K), account review
• Melrose CU - 3.55% (min $5K) account review
• Flagstar - 3.55% (min $500), account review
• Transportation Alliance Bank - 3.54% ($1K min)
• Mutual Bank - 3.51% (min $1K) account review
• Doral Bank Direct - 3.50% (min $1K) account review
• Huntington - 3.50% (min $2K) account review
• Element Financial - 3.45% (min $10K), account review
• Northrop Grumman FCU - 3.44% (min $40K), account review
• First State Bank - 3.40% ($1K min), account review
• La Jolla Bank - 3.35% (min $10K), account review
• Discover Bank - 3.35% (min $2.5K)
• FirstFedDirect - 3.30%, (min $10K) account review
• ING Direct - 3.30% account review
• ETrade Bank - 3.30% (min $1K), account review
• iGobanking - 3.28% (min $500), account review
• EverBank - 3.25% ($1.5K min)
• Air Force FCU - 3.25% (min $25K) restrictions to membership, 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
• Intervest - 3.25% (min $2.5K), account review
• Self-Help Credit Union - 3.23% (min $500), 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
• VirtualBank - 3.05% (min $10K), account review
• Delta Community CU - 3.05% (min $1K) account review
• CU of Georgia - 3.04% (min $50K), account review
• Western FCU - 3.03% (min $40K), account review
• Principal Bank - 3.00% (14 mo) (min $5K), account review
• Navy FCU - 2.90% ($20K min) (3.05% for $100K+) restrictions to membership, account review
• Academy Bank - 2.90% (min $500), account review
• Bank of Internet - 2.86% (min $1K) account review
• Washington Mutual - 2.85% (min $1K), account review
• H&R Block Bank - 2.75% (min $250) account review
• Apple Bank - 2.75% (min $500) account review
• KeyDirect - 2.75% (min $5K), Not all states, account review
• UFB Direct - 2.75% (min $8K)
• National Bank of KC - 2.60% (min $10K), account review
• EmigrantDirect - 2.50% (min $1K)
• Lehman Brothers Bank - 2.12% (min $1K)

18-Month Certificates of Deposit:

• Alliant Credit Union - 4.15% (min $25K) account review
• National City Bank - 4.00% (min $10K) 3.75% w/o chk, account review
• Mutual Bank - 4.00% (min $1K) account review
• M&T Bank - 3.78% (min $5K) account review
• Discover Bank - 3.76% (min $2.5K)
• GMAC Bank - 3.75% (min $500) account review
• Tennessee Commerce Bank - 3.71% (min $5K)
• Advanta Bank - 3.66% (min $10K), account review
• Capital One - 3.55% (min $5K) account review
• First State Bank - 3.50% ($1K min), account review
• AmTrustDirect - 3.50% (min $1K) account review
• Element Financial - 3.50% (min $10K), account review
• Intervest - 3.35% (min $2.5K), account review
• ETrade Bank - 3.30% (min $1K), account review
• EverBank - 3.25% ($1.5K min)
• Doral Bank Direct - 3.25% (min $1K) account review
• ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
• Flagstar - 3.20% (min $500), account review
• Mountain America CU - 3.15% (min $1K) account review
• Countrywide - 3.00% (min $10K), account review
• Bank of Internet - 2.86% (min $1K) account review
• Academy Bank - 2.85% (min $500) account review
• VirtualBank - 2.79% (min $10K), account review
• H&R Block Bank - 2.75% (min $250) account review
• iGObanking - 2.75% (min $500) account review
• National Bank of KC - 2.60% (min $10K), account review
• ING Direct - 2.50%, account review
• EmigrantDirect - 2.50% (min $1K)
• IndyMac Bank - 2.35% (min $5K), account review
• Lehman Brothers Bank - 2.17% (min $1K)

24-Month Certificates of Deposit:

• Alliant Credit Union - 4.15% (min $25K) account review
• GMAC Bank - 4.10% (min $500) account review
• KeyDirect - 4.00% (23 mo) (min $5K),Not all states, account review
• Capital One - 4.00% (min $5K) account review
• iGObanking - 4.00% (min $500) account review
• National City Bank - 4.00% (min $10K) 3.75% w/o chk, account review
• OnBank - 3.96% (min $500), account review
• E-LOAN - 3.88% ($10K min), account review
• M&T Bank - 3.87% (min $5K) account review
• Ascencia Bank - 3.87% (min $500), account review
• Discover Bank - 3.82% (min $2.5K)
• State Bank of India - 3.80% (min $5K) account review
• University FCU - 3.75% (min $2.5K), account review
• Countrywide - 3.75% (min $10K), account review
• Tennessee Commerce Bank - 3.71% (min $5K)
• Mutual Bank - 3.70% (min $1K) account review
• Advanta Bank - 3.66% (min $10K), account review
• Transportation Alliance Bank - 3.64% ($1K min)
• Element Financial - 3.60% (min $10K), account review
• Melrose CU - 3.55% (min $5K) account review
• AmTrustDirect - 3.50% (min $1K) account review
• Intervest - 3.40% (min $2.5K), account review
• Northrop Grumman FCU - 3.37% (min $40K), account review
• Air Force FCU - 3.35% (min $25K) restrictions to membership, account review
• Air Academy FCU - 3.35% (min $10K) membership restrictions, account review
• Self-Help Credit Union - 3.28% (min $500), account review
• EverBank - 3.25% ($1.5K min)
• Doral Bank Direct - 3.25% (min $1K) account review
• ebank - 3.25% (min $1K), 3.50% for ePremium checking customers
• CU of Georgia - 3.25% (min $50K), account review
• Mountain America CU - 3.20% (min $1K) account review
• Delta Community CU - 3.20% (min $1K) account review
• Navy FCU - 3.05% ($20K min) (3.20% for $100K+) restrictions to membership, account review
• Western FCU - 3.05% (min $40K), account review
• Flagstar - 3.00% (min $500), account review
• Apple Bank - 3.00% (min $500) account review
• UFB Direct - 3.00% (min $8K)
• VirtualBank - 2.79% (min $10K), account review
• H&R Block Bank - 2.75% (min $250) account review
• National Bank of KC - 2.70% (min $10K), account review
• Bank of Internet - 2.61% (min $1K) account review
• ING Direct - 2.50% 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:

• National City Bank - 5.00% (min $10K) 4.75% w/o chk, account review
• M&T Bank - 4.16% (min $5K) account review
• E-LOAN - 4.14% ($10K min), account review
• Capital One - 4.10% (min $5K) (4.35% $100K+) account review
• GMAC Bank - 4.10% (min $500) account review
• State Bank of India - 4.06% (min $5K) account review
• Discover Bank - 4.02% (min $2.5K)
• Pentagon Federal CU - 4.01% (min $1K), account review
• KeyDirect - 4.00% (min $5K), Not all states, account review
• Ascencia Bank - 3.97% (min $500), account review
• University FCU - 3.95% (min $2.5K), account review
• Countrywide - 3.95% (min $10K), account review
• Melrose CU - 3.80% (min $5K) account review
• Mutual Bank - 3.80% (min $1K) account review
• Advanta Bank - 3.75% (min $10K), account review
• Transportation Alliance Bank - 3.75% ($1K min)
• Intervest - 3.75% (min $2.5K), account review
• Tennessee Commerce Bank - 3.71% (min $5K)
• Element Financial - 3.70% (min $10K), account review
• First State Bank - 3.65% ($1K min), account review
• Air Force FCU - 3.60% (min $25K) restrictions to membership, account review
• Self-Help Credit Union - 3.57% (min $500), account review
• Air Academy FCU - 3.55% (min $10K) membership restrictions, account review
• Mountain America CU - 3.51% (min $1K) account review
• Northrop Grumman FCU - 3.51% (min $40K), account review
• Agriculture FCU - 3.50% (min $1K), account review
• Doral Bank Direct - 3.50% (min $1K) account review
• AmTrustDirect - 3.50% (min $1K) account review
• EverBank - 3.40% ($1.5K min)
• Flagstar - 3.35% (min $500), account review
• CU of Georgia - 3.35% (min $50K), account review
• ETrade Bank - 3.30% (min $1K), account review
• UFB Direct - 3.30% (min $8K)
• National Bank of KC - 3.25% (min $10K), account review
• Delta Community CU - 3.25% (min $1K) account review
• Western FCU - 3.21% (min $40K), account review
• Navy FCU - 3.20% ($20K min) (3.30% for $100K+) restrictions to membership, account review
• Principal Bank - 3.20% (33 mo) (min $5K), account review
• Patelco CU - 3.20% ($1K min), account review
• H&R Block Bank - 3.00% (min $250) account review
• ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
• Bank of Internet - 2.91% (min $1K) account review
• VirtualBank - 2.79% (min $10K), 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
• E-LOAN - 4.55% ($10K min), account review
• Capital One - 4.50% (min $5K) (4.75% $100K+) account review
• M&T Bank - 4.39% (min $5K) account review
• GMAC Bank - 4.35% (min $500) account review
• KeyDirect - 4.25% (min $5K), Not all states, account review
• Discover Bank - 4.23% (min $2.5K)
• Countrywide - 4.20% (min $10K), account review
• University FCU - 4.05% (min $2.5K), account review
• Pentagon Federal CU - 4.01% (min $1K), account review
• Washington Mutual - 4.00% (min $1K), account review
• Advanta Bank - 4.00% (min $10K), account review
• Mountain America CU - 3.90% (min $1K) account review
• Intervest - 3.85% (min $2.5K), account review
• Melrose CU - 3.80% (min $5K) account review
• Element Financial - 3.80% (min $10K), account review
• Self-Help Credit Union - 3.79% (min $500), account review
• Transportation Alliance Bank - 3.79% ($1K min)
• First State Bank - 3.75% ($1K min), account review
• Agriculture FCU - 3.70% (min $1K), account review
• Northrop Grumman FCU - 3.67% (min $40K), account review
• Flagstar - 3.65% (min $500), account review
• Air Academy FCU - 3.65% (min $10K) membership restrictions, account review
• CU of Georgia - 3.56% (min $50K), account review
• National Bank of KC - 3.50% (min $10K), account review
• Tennessee Commerce Bank - 3.50% (min $5K)
• Navy FCU - 3.50% ($20K min) restrictions to membership, account review
• Doral Bank Direct - 3.50% (min $1K) account review
• H&R Block Bank - 3.50% (min $250) account review
• Patelco CU - 3.45% ($1K min), account review
• EverBank - 3.40% ($1.5K min)
• Western FCU - 3.37% (min $40K), account review
• USA FCU - 3.25% (min $1K) account review
• Bank of Internet - 3.21% (min $1K) account review
• ebank - 3.00% (min $1K), 3.25% for ePremium checking customers
• 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 - 5.00% (min $5K), Not all states, account review
• Wachovia - 4.75% (min $5K) req chk, account review
• E-LOAN - 4.75% ($10K min), account review
• Capital One - 4.75% (min $5K) (5.00% $100K+) account review
• State Bank of India - 4.58% (min $5K) account review
• M&T Bank - 4.57% (min $5K) account review
• Pentagon Federal CU - 4.50% (min $1K), account review
• Discover Bank - 4.49% (min $2.5K)
• GMAC Bank - 4.35% (min $500) account review
• Navy FCU - 4.25% ($20K min) (4.40% for $100K+) restrictions to membership, account review
• Advanta Bank - 4.25% (min $10K), account review
• Countrywide - 4.20% (min $10K), account review
• University FCU - 4.15% (min $2.5K), account review
• Intervest - 4.12% (min $2.5K), account review
• Mountain America CU - 4.11% (min $1K) account review
• Mutual Bank - 4.10% (min $1K) account review
• Melrose CU - 4.06% (min $5K) account review
• Transportation Alliance Bank - 4.04% ($1K min)
• First State Bank - 4.00% ($1K min), account review
• EverBank - 4.00% ($1.5K min)
• Washington Mutual - 4.00% (min $1K), account review
• iGobanking - 4.00% (min $500), account review
• Agriculture FCU - 4.00% (min $1K), account review
• Element Financial - 4.00% (min $10K), account review
• ETrade Bank - 4.00% (min $1K), account review
• Northrop Grumman FCU - 3.99% (min $40K), account review
• Ascencia Bank - 3.97% (min $500), account review
• Self-Help Credit Union - 3.95% (min $500), account review
• Air Force FCU - 3.85% (min $25K) restrictions to membership, account review
• UFB Direct - 3.80% (min $8K)
• Flagstar - 3.80% (min $500), account review
• National Bank of KC - 3.75% (min $10K), account review
• Air Academy FCU - 3.75% (min $10K) membership restrictions, account review
• Patelco CU - 3.71% ($1K min), account review
• CU of Georgia - 3.71% (min $50K), account review
• Western FCU - 3.55% (min $40K) account review
• Tennessee Commerce Bank - 3.50% (min $5K)
• Doral Bank Direct - 3.50% (min $1K) account review
• H&R Block Bank - 3.50% (min $250) account review
• Telcom Credit Union - 3.50% (min $500) account review
• Delta Community CU - 3.50% (min $1K) account review
• AmTrustDirect - 3.50% (min $1K) account review
• Bank of Internet - 3.46% (min $1K) account review
• USA FCU - 3.45% (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 - 5.00% (min $5K) (5.25% 7yr / 5.50% 10yr for $100K+) account review
• KeyDirect - 5.00% (min $5K) (5.50% 10yr $100K+) Not all states, account review
• Navy FCU - 5.00% ($20K min) restrictions to membership, account review
• Pentagon Federal CU - 4.51% (min $1K), account review
• Intervest - 4.14% (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 Coulee Bank - $25K 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
• 6.01% 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 Capital Bank - $25K Cap
• 5.01% Reward Checking at West Texas National Bank - $25K 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 Provident Credit Union - $25K Cap
• 3.51% Reward Checking at Connexus 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)
• 3.05% Checking Account (Florida)
• 3.05% Money Market Account (Utah)
• 3.05% No-Minimum Online Savings Account (New York)
• 2.95% Low-Minimum Online Savings Account (California)

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

• 5.00% 60-Month CD at a Michigan CU - $5K Max (United Financial)
• 5.00% 60-Month CD at a Florida CU (Keys)
• 5.00% 60-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
• 4.78% 60-Month CD at a California Credit Union Continues (UNCLE)
• 4.50% 60-Month CD at a Illinois Bank (CenTrust)
• 3.95% 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)
• 4.25% 36-Month CD at a Texas Bank (Highlands)
• 4.18% 24-Month CD at a Florida Bank (Heritage)
• 4.06% 24-Month CD at a Maryland CU (Oldham Family Alliance)
• 4.00% 24-Month CD at a Virginia CU - Plus $100 Checking Bonus (Northwest)
• 4.00% 25-Month CD at a Michigan Bank (Bank of Auburn Hills)
• 4.00% 24-Month CD at a Florida Bank (Riverside)
• 3.85% 24-Month CD at a Texas Credit Union (SACU)
• 3.75% 30-Month CD at a Pennsylvania Bank (Third Federal)

Terms of 12 Months to Under 24 Months

• 7.50% 12-Month CD at a California CU - $1K Max - Also a $100 Checking Bonus (Meriwest)
• 4.25% 23-Month CD at a Indiana CU (Horizon One)
• 4.10% 18-Month CD at a North Carolina CU (NewBridge)
• 4.05% 23-Month CD at a Florida CU (Keys)
• 4.04% 18-Month CD at a California Credit Union Continues (UNCLE)
• 4.00% 12-Month CD at a New Hampshire Credit Union (NHFCU)
• 4.00% 12-Month CD at a Illinois Bank (CenTrust)
• 4.00% 18-Month CD at a Texas Bank (First National)
• 4.00% 12-Month CD at a Illinois/Indiana CU - ASI-Insured Only (Credit Union 1)
• 4.00% 12-Month CD at a Missouri Bank (St. Louis)
• 3.98% 14-Month CD at a Florida Bank (Heritage)
• 3.90% 12-Month CD at a Florida Bank (Freedom)
• 3.80% 12-Month CD at a Maryland CU (Oldham Family Alliance)
• 3.75% 15-Month CD at a Michigan Bank (Bank of Auburn Hills)
• 3.70% 12-Month CD at a Arizona Bank (Community Bank of Arizona)
• 3.67% 12-Month CD at a New York City Bank (Savoy)
• 3.50% 12-Month CD at a Nevada Bank (Community Bank of Nevada)

Terms of Under 12 Months

• 10% 6-Month CD ($2.5K Cap) at Flagstar Bank in MI/GA/IN
• 5.00% 9-Month CD at a Michigan CU - $20K Max (Dort Federal Credit Union)
• 4.40% 5-Month CD at a Oregon CU (Advantis)
• 4.25% 6-Month CD at a Hawaii Credit Union (Maui County Employees')
• 4.20% 10-Month CD at a Oregon CU (Advantis)
• 4.01% 11-Month CD at a Arizona Bank (First National Bank of Arizona)
• 4.01% 11-Month CD at a Nevada Bank (First National Bank of Nevada)
• 4.00% 9-Month CD at a Georgia Bank (Alpha Bank & Trust)
• 4.00% 7-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
• 4.00% 6-Month CD at a Missouri Bank (St. Louis)
• 3.90% 3-Month CD at a California Bank (Vineyard)
• 3.90% 9-Month CD at a Florida Bank (Freedom)
• 3.88% 5-Month CD at a SoCal Bank (Golden Coast)
• 3.83% 10-Month CD at a California Bank (Pacific State)
• 3.75% 10-Month CD at a Illinois Bank (St. Charles)
• 3.75% 4-Month CD at a Illinois Bank (St. Charles)
• 3.75% 9-Month CD at a Texas Bank (First National)
• 3.70% 9-Month CD at a South Florida Bank (Great Florida)
• 3.70% 7-Month CD at a CA/NY Credit Union - plus a Savings Account Promo (First Entertainment)
• 3.70% 6-Month CD at a Tampa Florida Bank (Pilot)
• 3.68% 3-Month CD at a SoCal Bank (Golden Coast)
• 3.65% 9-Month CD at a Arizona Bank (Community Bank of Arizona)
• 3.60% 5-Month CD at a Missouri Bank (St. Louis)
• 3.60% 3-Month CD at a Missouri Bank (St. Louis)
• 3.60% 7-Month CD at a California Bank (Vineyard)
• 3.56% 6-Month CD at a New York City Bank (Savoy)
• 3.50% 4-Month CD at a South Florida Bank (Great Florida)
• 3.30% 6-Month CD at a Nevada Bank (Community Bank of Nevada)

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 3.30% rate for $50k+
• Fidelity Money Market Fund - 2.58% 7-day yield ($100 bonus and other info)
• Paypal Money Market Fund - 2.49% 7-day yield (1% cashback debit MasterCard)
• TIAA-CREF Money Market Fund - 2.47% 7-day yeild
• Vanguard Prime Money Market Fund - 2.39% 7-day yield
• FW Thread on Treasury Bills
• I Bonds for 2008, I Bond Article, I Bonds as CD Alternatives

Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)