Corus Bank raised its CD and money market rates today. There's a new 12-month CD rate of 4.36% APY (up from 4.28%). The 3 and 6-month CD yields remain the same, 3.56% APY for the 3-month and 4.05% APY for the 6-month. The minimum deposit is $10,000. The money market account yield is now 4.00% APY (was 3.85%).
Please refer to my Corus Money Market review and my Corus CD review for more details. One downside with the MMA is the $10K minimum balance requirement to avoid a $25/month fee. Also, it lacks an ACH transfer service.
Corus Bank is another bank that has been hurt with the real estate slump. Bankrate gives Corus Bank 2 stars (below peer group) based on 3/31/08 data. BauerFinancial gives it a 3-star rating (adequate) based on 3/31/08 data (had recently been 3.5 stars). The bank is FDIC insured (FDIC Certificate # 13693).