Bank Deals Weekly Summary for August 30, 2008
Aug 30, 2008 - 4:28 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
There was another bank failure yesterday. Regulators closed Integrity Bank of Alpharetta, Georgia, and the FDIC arranged for it to be acquired by Regions Bank. I've reported on several CD deals at Integrity Bank in the last year. The good news is that all deposits will be transfered to Regions, including all uninsured deposits. So no depositor should lose any money. In addition, Regions Bank has agreed to allow Integrity CDs be continued to maturity without any rate changes. However, depositors still have the choice to close the CD without an early withdrawal penalty (see post).
CD Rates
WaMu's 5% 12-month CDs didn't last long. The yield is back down to 4.50% APY. I wouldn't be surprised if we see similar deals from other banks in the future weeks as banks struggle to raise fresh funds (see post). The best nationwide 12-month CD deal is now at Corus Bank which is offering a yield of 4.75% APY. It also has the best bank 6-month CD with a yield of 4.25% APY (see post).
The FDIC appears to want to keep deposits at IndyMac Federal Bank so it can remain attractive to a future buyer. Many readers reported being able to get IndyMac to match WaMu's 5% CD. With that deal being over, you may want to see if they'll match Corus Bank's CDs. Readers have also reported success having IndyMac match past local deals.
Savings and Money Market Accounts
This was a quiet week for savings accounts. There weren't many rate changes. The only significant rate increase was at BankUnited which joined the group of 3.75% savings accounts. However, there are many other savings accounts to choose from which also have a 3.75% APY but are more customer friendly (see post). Below is the small list of rate changes for this week:
Rate Hikes:
Rate Drops:
I reported on three more reward checking accounts this week (see below). However, we'll likely be losing one. Integrity Bank had been offering a 5% reward checking account. Now with Regions taking over the accounts, I doubt they'll keep it. One of the new reward checking accounts this week has a yield of 6.01% APY for balances up to $25K. The other two have yields of around 5% which is more typical these days. The best deal for reward checking accounts continues to be at MidWest America Credit Union which still offers a yield of 7.01% APY for balances up to $25K (see post).
For my full list of reward checking accounts, please refer to my High Yield Checking website.
Recap for the Week - Links to This Week's Posts
Banking News
Savings and Money Market Deals - 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 Aug 23rd, Aug 16th, Aug 9th, Aug 2nd, Jul 26th, Jul 19th, Jul 12th, Jul 5th and Jun 28th.
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 August 30, 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
Recent CD Specials at Local Credit Unions and Banks
Bank Account Alternatives
Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)
There was another bank failure yesterday. Regulators closed Integrity Bank of Alpharetta, Georgia, and the FDIC arranged for it to be acquired by Regions Bank. I've reported on several CD deals at Integrity Bank in the last year. The good news is that all deposits will be transfered to Regions, including all uninsured deposits. So no depositor should lose any money. In addition, Regions Bank has agreed to allow Integrity CDs be continued to maturity without any rate changes. However, depositors still have the choice to close the CD without an early withdrawal penalty (see post).
CD Rates
WaMu's 5% 12-month CDs didn't last long. The yield is back down to 4.50% APY. I wouldn't be surprised if we see similar deals from other banks in the future weeks as banks struggle to raise fresh funds (see post). The best nationwide 12-month CD deal is now at Corus Bank which is offering a yield of 4.75% APY. It also has the best bank 6-month CD with a yield of 4.25% APY (see post).
The FDIC appears to want to keep deposits at IndyMac Federal Bank so it can remain attractive to a future buyer. Many readers reported being able to get IndyMac to match WaMu's 5% CD. With that deal being over, you may want to see if they'll match Corus Bank's CDs. Readers have also reported success having IndyMac match past local deals.
Savings and Money Market Accounts
This was a quiet week for savings accounts. There weren't many rate changes. The only significant rate increase was at BankUnited which joined the group of 3.75% savings accounts. However, there are many other savings accounts to choose from which also have a 3.75% APY but are more customer friendly (see post). Below is the small list of rate changes for this week:
Rate Hikes:
- BankUnited - 3.75% APY (was 3.55%)
- Venture Bank Direct - 3.30% APY (new)
Rate Drops:
- UFB Direct - 2.50% APY (was 2.85%)
I reported on three more reward checking accounts this week (see below). However, we'll likely be losing one. Integrity Bank had been offering a 5% reward checking account. Now with Regions taking over the accounts, I doubt they'll keep it. One of the new reward checking accounts this week has a yield of 6.01% APY for balances up to $25K. The other two have yields of around 5% which is more typical these days. The best deal for reward checking accounts continues to be at MidWest America Credit Union which still offers a yield of 7.01% APY for balances up to $25K (see post).
For my full list of reward checking accounts, please refer to my High Yield Checking website.
Recap for the Week - Links to This Week's Posts
Banking News
- Integrity Bank Fails, Regions Bank Acquires Deposits
- Update on POD Accounts and FDIC Coverage
- More Evidence We'll See Higher Deposit Rates
- New FDIC Data: 117 Banks on Problem List
- WSJ Banking Articles of Interest - Fed Regulators and CDARS
Savings and Money Market Deals - National
CD Deals - National
- 4.30% 9-Month CD with Rate Bump Feature at FirstFedDirect - Nationally Available
- 4.42% 12-Month / 5.30% 60-Month CD Nationally Available at State Bank of India - New York
- 4.00% 4-Month CD at Third Federal Savings & Loan - Nationally Available
- Update on National City's CD Promotion: 5.25% 36-Month CD
- Another CD Rate Increase at ING Direct
- Big Increases in Corus Bank's CD Rates - Nationally Available
- CD Rates Up at Imperial Capital Bank
- Update on WaMu's 5% One Year Certificate of Deposit - EXPIRED
- 5.00% 19-Month CD at National City and Update on the POD/FDIC Issue
Checking/Savings Account Bonuses
Reward Checking Accounts
- 6.01% Reward Checking Account at an IL/IN Bank (Legence)
- 5.00% Reward Checking Account at a Wisconsin Credit Union (Prime Financial)
- 5.02% Reward Checking Account at Grand Bank of Texas
CD and Money Market Deals - Local
- 4.00% 5-Month CD at a Texas Credit Union (Amplify)
- 4.75% 11-Month / 4.50% 4-Month CD at Banco Popular in New York - EXPIRED
- 4.30% 11-Month CD at a CA/AZ Credit Union (Meriwest)
- 4.75% 21-Month / 5.35% 60-Month CD at a Florida Bank (Heritage)
- 5.00% 7-Month CD at a Kentucky Credit Union (Fort Knox)
- 4.30% 10-Month CD at a Florida Bank (East Coast Community)
- 4.25% 10-Month CD at a Pennsylvania Bank (Eagle National)
- 4.00% 6-Month CD at a California Bank (Guaranty)
- 4.80% 7-Month CD at a Chicago Bank (Pan American)
- 4.10% Money Market Account for 6 Months at a Florida Bank (BBU)
- 5.25% 60-Month / 4.50% 24-Month CD at a NJ/PA Bank (Unity)
- 4.00% 7-Month / 4.25% 14-Month CD at a California CU (San Diego County)
- 4.00% Money Market Account for 5 Months at First Bank
- 4.30% 6-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 Aug 23rd, Aug 16th, Aug 9th, Aug 2nd, Jul 26th, Jul 19th, Jul 12th, Jul 5th and Jun 28th.
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 August 30, 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
- EverBank - 4.76% ($1.5K min), 3mo promo, account review
- Goldwater Bank - 4.00% (min $1.5K) account review
- National City - 4.00% (min $5K), 6 mo promo, Not all states, account review
- 1st Constitution Direct - 4.00% (min $100), 3 mo promo, account review
- AmTrustDirect - 4.00%, 3-mo intro, (e-Savings) account review
- Corus Bank - 4.00% MMA (min $10K) account review
- SmartyPig - 3.90% (min $25) access restrictions, account review
- GCF Bank - 3.80% (min $100), 3-mo promo, account review
- BankUnited - 3.75% (min $5K), account review
- Washington Mutual - 3.75% (requires checking), account review
- Union Federal Savings - 3.75% account review
- Alliant Credit Union - 3.75% (min $100) account review
- CapitalOne/Costco - 3.75% Savings (min $10K, Costco members only, $60 deal for exec. members)
- DollarSavingsDirect - 3.75% ($1K min) account review
- Provident Direct - 3.75%, account review
- Flagstar - 3.65% MMA, account review
- Century Bank Direct - 3.57% MMA (min $1K) account review
- Amegy Bank - 3.57% (min $10K) account review
- Zions Bank - 3.56% MMA, outside of Utah, (min $2.5K) account review
- Heartland Bank Direct - 3.55%, ($500 min), account review
- Doral Bank Direct - 3.55% (min $1K) account review
- Nationwide Bank - 3.52% MMA (min $1K) account review + $25 bonus
- EverBank - 3.51% MMA ($1.5K min) account review
- HSBC Direct - 3.50%, promo, account review
- ShoreBank - 3.50%, account review
- OnBank - 3.50%, account review
- Capital One - 3.50% (Savings) (min $10K) account review
- FNBO Direct - 3.50%, account review
- CNB Bank Direct - 3.50%, account review
- Countrywide - 3.50% (min $10K), account review
- Bank of Internet - 3.46% MMA (min $100) account review
- Century Bank Direct - 3.41% (min $100) account review
- Bank of Internet - 3.40% Checking (min $5K) account review
- UmbrellaBank - 3.40% MMA (min $1K), account review
- Century Bank Direct - 3.35% Checking (min $100) account review
- WTDirect - 3.31% ($10K min), account review
- Venture Bank Direct - 3.30%, account review
- ETrade Bank - 3.30%, post ($25 bonus)
- Provident Bank Online - 3.30% (min $10) (rate good thru 2008) account review
- iGObanking - 3.28%, account review
- OneUnited - 3.26% (min $1K), account review
- Amboy Direct - 3.25% (min $3K) (eSavings) account review
- M&T Bank - 3.25%, account review
- CapitalOne/Costco - 3.20% MMA (min $1K, Costco members only, $60 deal for exec. members)
- Beverly National Bank - 3.10% (min $5K) account review
- Indymac Federal Bank - 3.10% (min $1K) (3.70% for $50K+) account review
- Imperial Capital - 3.05% Checking (min $1K) account review
- AmboyDirect - 3.05% (Premium Savings) post ($25 bonus)
- Savings Square - 3.05%, account review
- Discover Bank - 3.04% MMA (min $2.5K) (3.14% for $50K+) account review
- AARP Financial Savings Center - 3.00%, AARP membership req, account review
- FirstFedDirect - 3.01% (min $1K) (closed to CA residents), account review
- E-LOAN - 3.01% ($5K min), account review
- ETrade Bank - 3.01% Checking (min $5K) account review
- EmigrantDirect - 3.00%, account review
- Rainier Pacific - 3.00%, MMA account review
- UnivestDirect - 3.00%, (1.75% checking), account review
- ING Direct - 3.00%, (1.75% checking), post ($25 bonus)
- Transportation Alliance Bank - 3.00%, ($25 min), account review
- GMAC Bank - 3.00% MMA (min $500), account review
- Salem Five Direct - 3.00% Checking (3.50% $100K+), account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.65% for $100K+) account review
- Capital One - 3.00% MMA, account review
- KeyDirect - 3.00% MMA (min $50), Not all states, account review
- MetLife Bank - 2.75% MMA (min $10K), post ($50 bonus)
- grand yield direct - 2.75% (min $2.5K) account review
- Mutual Bank - 2.75% MMA (min $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
- Presidential Bank - 2.60% (min $5K, only first $35K receives this rate), offers 2.00% checking, account review
- VirtualBank - 2.53% (min $100), (3.30% $25K+/ 3.56% $50K+) post ($20 bonus)
- Melrose CU - 2.52% (min $25) account review
- AmTrustDirect - 2.50%, ongoing, (e-Savings) account review
- MyBankingDirect - 2.50% MMA (min $5K), account review
- UFB Direct - 2.50%, account review
- Bank of America DoW - 2.40% MMA (min $5K), account review
- Self-Help Credit Union - 2.23% MMA (min $500), account review
- Bank of America NEA - 2.13% MMA ($500 min) (2.39% for $50K+) account review
- Charles Schwab - 2.01% Checking, account review
- Tennessee Commerce Bank - 1.93% (min $10K), account review
- ebank - 1.75% MMA ($10K min) (3.25% for $100K+), account review
- AmTrustDirect - 1.50% (e-Money Market) (1.75% $25K+, 2.00% $50K+) account review
3-Month Certificates of Deposit:
- Third Federal - 4.00% (4-mo) (min $500) account review
- ISN Bank - 3.77% (min $10K) account review
- Corus Bank - 3.56% (min $10K) account review
- Nationwide Bank - 3.50% (min $500) account review
- E-LOAN - 3.50% ($10K min), account review
- VirtualBank - 3.46% (min $10K), account review
- Imperial Capital - 3.40%, ($2K min), account review
- GMAC Bank - 3.25% (min $500), account review
- UmbrellaBank - 3.25% (min $1K) account review
- ebank - 3.25% (min $1K)
- Metropolitan Bank - 3.25% ($2.5K min), account review
- Element Financial - 3.16% (min $10K), account review
- EverBank - 3.06% ($1.5K min) account review
- FirstFedDirect - 3.01% (min $10K), account review
- Countrywide - 3.00% (min $10K), account review
- Self-Help Credit Union - 2.85% (min $500), account review
- UFB Direct - 2.81% (min $8K)
- National Bank of KC - 2.60% (min $10K), account review
- ETrade Bank - 2.60% (min $1K), account review
6-Month Certificates of Deposit:
- Christian Community CU - 4.50% (7-mo) (min $500) not NCUA insured (ASI only) account review
- Corus Bank - 4.25% (min $10K) account review
- Imperial Capital - 4.10% ($2K min), account review
- ISN Bank - 4.10% (min $1K) account review
- Ascencia Bank - 4.07% (min $500), account review
- E-LOAN - 4.02% ($10K min), account review
- Countrywide Bank - 4.00% (7-mo) (min $10K) account review
- Premier America CU - 4.00% (7-mo) (min $10K) account review
- VirtualBank - 3.82% (min $10K), account review
- GMAC Bank - 3.80% (min $500), account review
- Metropolitan Bank - 3.78% ($2.5K min), account review
- Century Bank Direct - 3.76% (5 mo) (min $1K) account review
- ING Direct - 3.75%, account review
- H&R Block Bank - 3.75% (min $10K) account review
- Nationwide Bank - 3.75% (7mo) (min $500) account review
- Zions Bank - 3.73% (min $1K) account review
- Northrop Grumman FCU - 3.67% (min $40K), account review
- Flagstar - 3.65% (min $500), account review
- Tennessee Commerce Bank - 3.55% (min $5K)
- AmTrustDirect - 3.51% (min $1K) account review
- UmbrellaBank - 3.50% (min $1K) account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Element Financial - 3.50% (min $10K), account review
- ebank - 3.50% (min $1K)
- Advanta Bank - 3.40% (min $10K), account review
- University FCU - 3.40% (min $2.5K), account review
- EverBank - 3.37% ($1.5K min) account review
- Mountain America CU - 3.35% (min $1K) account review
- Bank of Internet - 3.35% (min $1K) account review
- Wachovia - 3.30% (7-mo) (min $5K) account review
- Intervest - 3.30% (min $2.5K), account review
- La Jolla Bank - 3.30% (min $10K), account review
- Countrywide - 3.30% (min $10K), account review
- ETrade Bank - 3.30% (min $1K), account review
- Greystone Bank - 3.30% (min $50K) account review
- Principal Bank - 3.25% (7 mo) (min $5K), account review
- FirstFedDirect - 3.25% (min $10K), account review
- Capital One - 3.25% (min $5K) account review
- Bank of America - 3.20% (7-mo) (min $5K) account review
- Self-Help Credit Union - 3.17% (min $500), account review
- UFB Direct - 3.01% (min $8K)
- KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
- National Bank of KC - 3.00% (min $10K), account review
- CU of Georgia - 2.99% (min $50K), account review
- Air Academy FCU - 2.95% (min $10K) restrictions to membership, account review
- iGObanking - 2.75% (min $500), account review
- Western FCU - 2.68% (min $40K), account review
- Wells Fargo - 2.50% (5 months) (min $5K), rate and min vary by state, account review
- Lehman Brothers Bank - 2.07% (min $1K)
- Washington Mutual - 2.00% (min $1K), account review
9-Month Certificates of Deposit:
- FirstFedDirect - 4.30% (min $10K), account review
- Washington Mutual - 4.25% (8 mo) (min $1K), account review
- Imperial Capital - 4.15% ($2K min), account review
- Indymac Federal Bank - 4.15% (min $5K) account review
- VirtualBank - 4.13% (min $10K), account review
- E-LOAN - 4.06% ($10K min), account review
- La Jolla Bank - 4.05% (10mo) (min $10K), account review
- Century Bank Direct - 4.02% (10 mo) (min $1K) account review
- Fifth Third - 4.00% (13 mo) (min $5K), Not all states, account review
- Stonebridge Bank - 4.00% (min $500) account review
- State Farm Bank - 3.90% (min $500) account review
- UmbrellaBank - 3.80% (min $1K) account review
- Academy Bank - 3.80% (min $500), account review
- GMAC Bank - 3.80% (min $500), account review
- AmTrustDirect - 3.76% (min $1K) account review
- ING Direct - 3.75% account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Citibank - 3.50% (min $500)
- Element Financial - 3.50% (min $10K), account review
- EverBank - 3.40% ($1.5K min) account review
- Bank of Internet - 3.35% (min $1K) account review
- Countrywide - 3.00% (min $10K), account review
- National Bank of KC - 3.00% (min $10K), account review
- iGObanking - 2.75% (min $500), account review
12-Month Certificates of Deposit:
- Corus Bank - 4.75% (min $10K) account review
- Washington Mutual - 4.50% (min $1K), account review
- State Bank of India - 4.42% (min $5K) account review
- BankUnited - 4.40% (min $5K) account review
- E-LOAN - 4.35% ($10K min), account review
- VirtualBank - 4.34% (min $10K), account review
- Ascencia Bank - 4.31% (min $500), account review
- KeyDirect - 4.30% (13mo) (min $5K), 4.55% w/chk, Not all states, account review
- Pacific Mercantile Bank - 4.30% (min $10K) account review
- AmTrustDirect - 4.30% (min $1K) account review
- Heritage Bank - 4.30% (min $5K) account review
- ebank - 4.30% (14 mo) (min $1K)
- Imperial Capital - 4.25% ($2K min), account review
- National City Bank - 4.25% (13-mo) (min $10K), req chk, account review
- Indymac Federal Bank - 4.25% (min $5K) account review
- Flagstar - 4.25% (min $500), account review
- Tennessee Commerce Bank - 4.18% (min $5K)
- GMAC Bank - 4.15% (min $500), account review
- Zions Bank - 4.14% (min $1K) account review
- Century Bank Direct - 4.11% (15 mo) (min $1K) account review
- Fifth Third - 4.10% (13 mo) (min $5K), Not all states, account review
- Wachovia - 4.10% (min $5K) account review
- UmbrellaBank - 4.10% (min $1K) account review
- Academy Bank - 4.10% (min $500), account review
- Melrose CU - 4.06% (min $5K) account review
- ebank - 4.05% (min $1K)
- ING Direct - 4.00% account review
- Navy FCU - 4.00% (15 mo) ($15K min) restrictions to membership, account review
- Digital Credit Union - 4.00% (15 mo) (min $500) account review
- NASA FCU - 4.00% (11 mo) ($5K min) account review
- Advanta Bank - 4.00% (min $10K), account review
- NewDominion Bank - 4.00% (min $3K) account review
- Capital One - 4.00% (min $5K) account review
- Geauga Savings Bank - 4.00% (min $1K) account review
- Greystone Bank - 3.95% (min $50K) account review
- Countrywide - 3.90% (min $10K), account review
- Alliant Credit Union - 3.90% (min $25K) account review
- ISN Bank - 3.87% (min $1K) account review
- Element Financial - 3.85% (min $10K), account review
- Bank of Internet - 3.82% (min $1K) account review
- Discover Bank - 3.76% (min $2.5K) account review
- Zopa - 3.75% (min $500) account review
- Transportation Alliance Bank - 3.70% ($1K min)
- National Bank of KC - 3.66% (min $10K), account review
- EverBank - 3.61% ($1.5K min) account review
- M&T Bank - 3.59% (min $5K) account review
- Mountain America CU - 3.51% (min $1K) account review
- Principal Bank - 3.51% (14 mo) (min $5K), account review
- La Jolla Bank - 3.50% (min $10K), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Intervest - 3.50% (min $2.5K), account review
- University FCU - 3.50% (min $2.5K), account review
- Air Force FCU - 3.50% (min $25K) restrictions to membership, account review
- ETrade Bank - 3.45% (min $1K), account review
- Northrop Grumman FCU - 3.42% (min $40K), account review
- FirstFedDirect - 3.40%, (min $10K) account review
- CU of Georgia - 3.35% (min $50K), account review
- Mutual Bank - 3.32% (min $2.5K) account review
- iGobanking - 3.28% (min $500), account review
- H&R Block Bank - 3.25% (min $250) account review
- Delta Community CU - 3.25% (min $1K) account review
- Western FCU - 3.23% (min $40K), account review
- Air Academy FCU - 3.15% (min $10K) membership restrictions, account review
- Self-Help Credit Union - 3.02% (min $500), account review
- UFB Direct - 3.01% (min $8K)
- GTE FCU - 2.27% (min $500) account review
- Lehman Brothers Bank - 2.12% (min $1K)
18-Month Certificates of Deposit:
- National City Bank - 4.75% (19-mo) (min $10K), req chk, account review
- BankUnited - 4.60% (15 mo) (min $5K) account review
- Digital Credit Union - 4.50% (20 mo) (min $500) account review
- Heritage Bank - 4.40% (min $5K) account review
- E-LOAN - 4.36% ($10K min) account review
- AmTrustDirect - 4.35% (min $1K) account review
- iGObanking - 4.30% (min $500) account review
- Geauga Savings Bank - 4.30% (min $1K) account review
- Discover Bank - 4.28% (min $2.5K), account review
- Greystone Bank - 4.25% (min $50K) account review
- ebank - 4.25% (min $1K)
- Tennessee Commerce Bank - 4.20% (min $5K)
- OnBank - 4.20% (min $500), account review
- Century Bank Direct - 4.20% (20 mo) (min $1K) account review
- GMAC Bank - 4.18% (min $500) account review
- Zions Bank - 4.17% (min $1K) account review
- NewDominion Bank - 4.15% (min $3K) account review
- VirtualBank - 4.08% (min $10K), account review
- Advanta Bank - 4.05% (min $10K), account review
- ING Direct - 4.00%, account review
- KeyDirect - 4.00% (min $5K), 4.25% w/chk, Not all states, account review
- Doral Bank Direct - 4.00% (min $1K) account review
- Capital One - 4.00% (min $5K) account review
- Flagstar - 3.95% (min $500), account review
- Intervest - 3.95% (min $2.5K), account review
- M&T Bank - 3.91% (min $5K) account review
- Alliant Credit Union - 3.90% (min $25K) account review
- Bank of Internet - 3.82% (min $1K) account review
- EverBank - 3.68% ($1.5K min) account review
- National Bank of KC - 3.66% (min $10K), account review
- Academy Bank - 3.60% (min $500) account review
- Mountain America CU - 3.51% (min $1K) account review
- Element Financial - 3.50% (min $10K), account review
- ETrade Bank - 3.20% (min $1K), account review
- Countrywide - 3.00% (min $10K), account review
- H&R Block Bank - 2.75% (min $250) account review
- Lehman Brothers Bank - 2.17% (min $1K)
24-Month Certificates of Deposit:
- KeyDirect - 4.75% (23 mo) (min $5K), 5.00% w/chk, Not all states, account review
- Fifth Third - 4.55% (min $5K) not all states, account review
- Wachovia - 4.50% (min $5K) account review
- Heritage Bank - 4.50% (min $5K) account review
- State Bank of India - 4.47% (min $5K) account review
- Geauga Savings Bank - 4.45% (min $1K) account review
- E-LOAN - 4.42% ($10K min) (4.41% for $100K+) account review
- Discover Bank - 4.41% (min $2.5K) account review
- Provident Direct - 4.40% (min $1K) bank review
- AmTrustDirect - 4.35% (min $1K) account review
- VirtualBank - 4.34% (min $10K), account review
- Zions Bank - 4.31% (min $1K) account review
- Greystone Bank - 4.30% (min $50K) account review
- OnBank - 4.30% (min $500), account review
- GMAC Bank - 4.30% (min $500) account review
- Tennessee Commerce Bank - 4.25% (min $5K)
- NewDominion Bank - 4.25% (min $3K) account review
- Melrose CU - 4.22% (min $5K) account review
- Intervest - 4.20% (min $2.5K), account review
- M&T Bank - 4.18% (min $5K) account review
- Capital One - 4.15% (min $5K) (4.30% $100K+) account review
- Advanta Bank - 4.10% (min $10K), account review
- Ascencia Bank - 4.06% (min $500), account review
- Alliant Credit Union - 4.05% (min $25K) account review
- Bank of Internet - 4.03% (min $1K) account review
- ING Direct - 4.00% account review
- Flagstar - 4.00% (min $500), account review
- iGObanking - 4.00% (min $500) account review
- Air Force FCU - 3.85% (min $25K) restrictions to membership, account review
- National Bank of KC - 3.85% (min $10K), account review
- Northrop Grumman FCU - 3.83% (min $40K), account review
- US Bank - 3.80% (25 mo) (min $1K), Not all states, account review
- Transportation Alliance Bank - 3.80% ($1K min)
- EverBank - 3.74% ($1.5K min) account review
- University FCU - 3.72% (min $2.5K), account review
- Presidential Bank - 3.65% (min $1K)
- Navy FCU - 3.60% ($20K min) (3.75% for $100K+) restrictions to membership, account review
- Element Financial - 3.60% (min $10K), account review
- Mountain America CU - 3.55% (min $1K) account review
- Mutual Bank - 3.53% (min $1K) account review
- H&R Block Bank - 3.50% (min $250) account review
- Delta Community CU - 3.50% (min $1K) account review
- Countrywide - 3.50% (min $10K), account review
- CU of Georgia - 3.45% (min $50K), account review
- Western FCU - 3.42% (min $40K), account review
- ebank - 3.40% (min $1K)
- Self-Help Credit Union - 3.37% (min $500), account review
- Air Academy FCU - 3.35% (min $10K) membership restrictions, account review
- Doral Bank Direct - 3.25% (min $1K) account review
- UFB Direct - 3.01% (min $8K)
- Apple Bank - 3.00% (min $500) account review
- Lehman Brothers Bank - 2.28% (min $1K)
36-Month Certificate of Deposit:
- Fifth Third - 5.05% (37 mo) (min $5K) Not all states account review
- Huntington - 5.00% (min $1K) account review
- State Bank of India - 4.89% (min $5K) account review
- Discover Bank - 4.81% (min $2.5K) account review
- Geauga Savings Bank - 4.78% (min $25K) account review
- E-LOAN - 4.71% ($10K min) account review
- OnBank - 4.70% (min $500), account review
- Heritage Bank - 4.70% (min $5K) account review
- M&T Bank - 4.50% (min $5K) account review
- KeyDirect - 4.50% (min $5K), 4.75% w/chk, Not all states, account review
- GMAC Bank - 4.50% (min $500) account review
- NewDominion Bank - 4.50% (min $3K) account review
- Greystone Bank - 4.45% (min $50K) account review
- Intervest - 4.45% (min $2.5K), account review
- AmTrustDirect - 4.35% (min $1K) account review
- Tennessee Commerce Bank - 4.35% (min $5K)
- VirtualBank - 4.34% (min $10K), account review
- Melrose CU - 4.32% (min $5K) account review
- Ascencia Bank - 4.25% (min $500), account review
- Third Federal - 4.25% (min $500) account review
- Advanta Bank - 4.20% (min $10K), account review
- Capital One - 4.15% (min $5K) (4.30% $100K+) account review
- Flagstar - 4.10% (min $500), account review
- Bank of Internet - 4.08% (min $1K) account review
- EverBank - 4.06% ($1.5K min) account review
- Pentagon Federal CU - 4.01% (min $1K), account review
- H&R Block Bank - 4.00% (min $250) account review
- ING Direct - 4.00%, account review
- National Bank of KC - 4.00% (min $10K), account review
- Transportation Alliance Bank - 4.00% ($1K min)
- Air Force FCU - 3.90% (min $25K) restrictions to membership, account review
- Mutual Bank - 3.89% (min $1K) account review
- University FCU - 3.80% (min $2.5K), account review
- Mountain America CU - 3.75% (min $1K) account review
- CU of Georgia - 3.71% (min $50K), account review
- Self-Help Credit Union - 3.71% (min $500), account review
- Principal Bank - 3.70% (33 mo) (min $5K), account review
- Element Financial - 3.70% (min $10K), account review
- Countrywide - 3.70% (min $10K), account review
- Agriculture FCU - 3.65% (min $1K), account review
- Western FCU - 3.65% (min $40K), account review
- Patelco CU - 3.61% ($1K min), account review
- Delta Community CU - 3.60% (min $1K) account review
- Northrop Grumman FCU - 3.58% (min $40K), account review
- Air Academy FCU - 3.55% (min $10K) membership restrictions, account review
- ETrade Bank - 3.55% (min $1K), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- ebank - 3.40% (min $1K)
- Navy FCU - 3.35% ($20K min) (3.45% for $100K+) restrictions to membership, account review
- UFB Direct - 3.01% (min $8K)
- Lehman Brothers Bank - 2.38% (min $1K)
48-Month Certificate of Deposit:
- National City Bank - 5.25% (min $10K), req chk, account review
- Flagstar - 5.00% (min $500), account review
- Third Federal - 5.00% (min $500) account review
- Washington Mutual - 5.00% (min $1K), account review
- E-LOAN - 4.97% ($10K min) account review
- Discover Bank - 4.96% (min $2.5K) account review
- OnBank - 4.90% (min $500), account review
- M&T Bank - 4.81% (min $5K) account review
- Heritage Bank - 4.80% (min $5K) account review
- GMAC Bank - 4.75% (min $500) account review
- Intervest - 4.65% (min $2.5K), account review
- Melrose CU - 4.58% (min $5K) account review
- Capital One - 4.50% (min $5K) (4.75% $100K+) account review
- Greystone Bank - 4.50% (min $50K) account review
- US Bank - 4.50% (45 mo) (min $1K), Not all states, account review
- NewDominion Bank - 4.50% (min $3K) account review
- KeyDirect - 4.50% (min $5K), 4.75% w/chk, Not all states, account review
- USA FCU - 4.44% (min $1K) account review
- Tennessee Commerce Bank - 4.40% (min $5K)
- Advanta Bank - 4.35% (min $10K), account review
- VirtualBank - 4.34% (min $10K), account review
- EverBank - 4.29% ($1.5K min) account review
- Patelco CU - 4.28% ($1K min), account review
- Transportation Alliance Bank - 4.20% ($1K min)
- National Bank of KC - 4.10% (min $10K), account review
- Pentagon Federal CU - 4.01% (min $1K), account review
- Mountain America CU - 4.00% (min $1K) account review
- ING Direct - 4.00%, account review
- University FCU - 3.97% (min $2.5K), account review
- CU of Georgia - 3.97% (min $50K), account review
- Countrywide - 3.95% (min $10K), account review
- Self-Help Credit Union - 3.94% (min $500), account review
- Western FCU - 3.93% (min $40K), account review
- Bank of Internet - 3.89% (min $1K) account review
- Northrop Grumman FCU - 3.84% (min $40K), account review
- Element Financial - 3.80% (min $10K), account review
- Citibank - 3.80% (min $500)
- Agriculture FCU - 3.70% (min $1K), account review
- Navy FCU - 3.65% ($20K min) restrictions to membership, account review
- Air Academy FCU - 3.65% (min $10K) membership restrictions, account review
- H&R Block Bank - 3.50% (min $250) account review
- Doral Bank Direct - 3.50% (min $1K) account review
- ebank - 3.40% (min $1K)
- Lehman Brothers Bank - 2.43% (min $1K)
60-Month Certificate of Deposit:
- Wachovia - 5.35% (min $5K) account review
- State Bank of India - 5.30% (min $5K) account review
- Discover Bank - 5.23% (min $2.5K) account review
- Provident Direct - 5.15% (min $1K) bank review
- OnBank - 5.15% (min $500), account review
- E-LOAN - 5.10% ($10K min) (5.15% $100K+) account review
- Capital One - 5.05% (min $5K) (5.25% $100K+) account review
- KeyDirect - 5.00% (min $5K), 5.25% w/chk, Not all states, account review
- M&T Bank - 5.00% (min $5K) account review
- Melrose CU - 5.00% (min $5K) account review
- Salem Five Bank - 5.00% (min $10K), account review
- US Bank - 5.00% (59 mo) (min $1K), Not all states, account review
- Third Federal - 5.00% (min $500) account review
- Washington Mutual - 5.00% (min $1K), account review
- GMAC Bank - 5.00% (min $500) account review
- Intervest - 5.00% (min $2.5K), account review
- Heritage Bank - 5.00% (min $5K) account review
- Tennessee Commerce Bank - 4.65% (min $5K)
- Mountain America CU - 4.60% (min $1K) account review
- Greystone Bank - 4.60% (min $50K) account review
- Pentagon Federal CU - 4.60% (min $1K), account review
- VirtualBank - 4.60% (min $10K), account review
- Advanta Bank - 4.55% (min $10K), account review
- NewDominion Bank - 4.50% (min $3K) account review
- Mutual Bank - 4.45% (min $1K) account review
- Flagstar - 4.45% (min $500), account review
- EverBank - 4.44% ($1.5K min) account review
- Transportation Alliance Bank - 4.40% ($1K min)
- Patelco CU - 4.39% ($1K min), account review
- AmTrustDirect - 4.35% (min $1K) account review
- Northrop Grumman FCU - 4.30% (min $40K), account review
- Bank of Internet - 4.29% (min $1K) account review
- H&R Block Bank - 4.25% (min $250) account review
- ING Direct - 4.25%, account review
- Ascencia Bank - 4.25% (min $500), account review
- Navy FCU - 4.25% ($20K min) (4.40% for $100K+) restrictions to membership, account review
- USA FCU - 4.23% (min $1K) account review
- University FCU - 4.22% (min $2.5K), account review
- Delta Community CU - 4.20% (min $1K) account review
- National Bank of KC - 4.20% (min $10K), account review
- CU of Georgia - 4.18% (min $50K), account review
- Agriculture FCU - 4.15% (min $1K), account review
- Western FCU - 4.09% (min $40K) account review
- Self-Help Credit Union - 4.09% (min $500), account review
- Element Financial - 4.00% (min $10K), account review
- iGobanking - 4.00% (min $500), account review
- Telcom Credit Union - 4.00% (min $500) account review
- Citibank - 4.00% (min $500)
- ETrade Bank - 4.00% (min $1K), account review
- Air Force FCU - 3.95% (min $25K) restrictions to membership, account review
- Countrywide - 3.95% (min $10K), account review
- Presidential Bank - 3.75% (min $1K)
- Air Academy FCU - 3.75% (min $10K) membership restrictions, account review
- Doral Bank Direct - 3.50% (min $1K) account review
- ebank - 3.40% (min $1K)
- UFB Direct - 3.01% (min $8K)
- Apple Bank - 3.00% (min $500) account review
- Lehman Brothers Bank - 2.48% (min $1K)
84-Month Certificate of Deposit:
- CapitalOne/Costco - 5.45% (min $5K) account review
- Capital One - 5.40% (min $5K) account review
- Discover Bank - 5.23% (min $2.5K) account review
- Intervest - 5.02% (min $2.5K), account review
- KeyDirect - 5.00% (min $5K) (5.50% 10yr), 5.25% w/chk, Not all states, account review
- Washington Mutual - 5.00% (min $1K), account review
- Navy FCU - 4.75% ($20K min) restrictions to membership, account review
- Pentagon Federal CU - 4.60% (min $1K), account review
- Countrywide - 3.00% (min $10K), account review
High Yield Reward Checking Accounts - Open to All
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)
- 2.80% No-Minimum Online Savings Account (New York)
- 2.75% Low-Minimum Online Savings Account (California)
Recent CD Specials at Local Credit Unions and Banks
- 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
Bank Account Alternatives
- Money Magazine article on risk-free investments
- GE Interest Plus - 3.30% rate for $50k+
- Fidelity Money Market Fund - 2.47% 7-day yield (reviews on Fatwallet)
- TIAA-CREF Money Market Fund - 2.45% 7-day yeild
- Paypal Money Market Fund - 2.34% 7-day yield (1% cashback debit MasterCard)
- Vanguard Prime Money Market Fund - 2.17% 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)
Featured Accounts
Related Posts
Useful Resources
Nationwide Savings Accounts
Anonymous - #1, Saturday, August 30, 2008 - 4:56 PM
Is that Premier America CU 7-month still good? Your link works, but I can't find it on their website.
Banking Guy (anonymous) - #2, Saturday, August 30, 2008 - 5:22 PM
Thanks for noting this. I just sent them an email asking about this.
That's one of the risks of deep linking. Often the institutions don't remove an old page. Instead they just remove the link to it from their website. They forget that it can get linked by websites like my site and by Google.
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