Bank Deals Weekly Summary for November 29, 2008
Nov 29, 2008 - 4:53 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
With the Citigroup rescue and the stock market rally, the financial world seemed to be in better shape for this holiday week. Also, there were no bank failures. The FDIC released its third quarter report on the banking industry on Tuesday. The number of problem banks grew from 117 to 171 (see post). The OTS and FDIC have also publicly released cease and desist orders, and two banks with well-known internet divisions received these. AmTrust Bank received one from the OTS, and OneUnited Bank received one from the FDIC.
Savings Account Rates
Even though there was less financial turmoil this week, there was no slow down in bank rate cuts. Not only were there many savings account rate cuts, CD rates for both short and long terms were cut at several banks including Capital One, Discover and GMAC Bank. The only positive note this week was at Savings Square which raised its online savings account rate from 3.05% to 3.60% APY (see post).
Below is the list of savings account rate changes for this week. The full list of savings account rates is farther down.
Rate Hikes:
Rate Drops:
Nationwide Certificate of Deposit Rates
Like savings account rates, CD rates also trended down this week. Cuts were both on short and long term CDs. We may soon see the end of 4% 6-month CDs and 5% 60-month CDs. The only bank now with a 6-month CD yield above 4% is State Bank of India. There are still several banks offering 60-month CD yields at or above 5% APY, but rates have fallen. Wachovia has long been offering a Featured 5% 60-month CD, but I received notice today from a Wachovia rep that this is scheduled to end at the end of day on 12/02/08.
We may see many rate cuts from credit unions next week with the new month. Pentagon Federal Credit Union is scheduled to reduce the yield on its 3, 4, 5 and 7-year CDs from 5% to 4.75% APY. I've been told that if you open the PenFed CD online and fund it with an ACH transfer, you should still be able to open the 5% CD through Sunday (see post).
There continues to be some good CD deals available nationwide, and these are listed below. The full list of nationwide CD rates is farther down.
Local Certificate of Deposit Rates
Several small banks and credit unions have been offering some hot CD deals, but you have to live near one of their branches to qualify. Below is a list of some of the best ones that are still available. Note, these deals often don't last long, so please check with the institution. For more local deals, please refer to the new local CD deals and the state section below.
I posted on four new reward checking accounts with yields ranging from 4.49% to 5.01% APY (see below).
For my full list of reward checking accounts around the nation, please refer to my High Yield Checking website.
Recap for the Week - Links to This Week's Posts
Banking News
Savings, Checking & 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 Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th, Oct 18th, Oct 12th, Oct 4th and Sep 27th.
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 November 29, 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:
Various Deposit Account Deals
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)
With the Citigroup rescue and the stock market rally, the financial world seemed to be in better shape for this holiday week. Also, there were no bank failures. The FDIC released its third quarter report on the banking industry on Tuesday. The number of problem banks grew from 117 to 171 (see post). The OTS and FDIC have also publicly released cease and desist orders, and two banks with well-known internet divisions received these. AmTrust Bank received one from the OTS, and OneUnited Bank received one from the FDIC.
Savings Account Rates
Even though there was less financial turmoil this week, there was no slow down in bank rate cuts. Not only were there many savings account rate cuts, CD rates for both short and long terms were cut at several banks including Capital One, Discover and GMAC Bank. The only positive note this week was at Savings Square which raised its online savings account rate from 3.05% to 3.60% APY (see post).
Below is the list of savings account rate changes for this week. The full list of savings account rates is farther down.
Rate Hikes:
- Savings Square - 3.60% APY (was 3.05%)
Rate Drops:
- Broadway Federal Bank - 4.08% APY (was 5.13%)
- Venture Direct - 3.60% APY (was 3.80%)
- National City MMA 6-mo promo - 3.25% APY (was 3.75%)
- Discover MMA - 3.14% APY / 3.25% APY $50K+ (was 3.25%/3.35%)
- Citibank USA - 2.75% APY (was 3%)
- Countrywide Savingslink - 2.65% APY / 2.75% APY $50K+ (was 2.90%/3%)
- VirtualBank - 2.02% APY / 3.20% $50K+ (was 2.28%/3.30%)
Nationwide Certificate of Deposit Rates
Like savings account rates, CD rates also trended down this week. Cuts were both on short and long term CDs. We may soon see the end of 4% 6-month CDs and 5% 60-month CDs. The only bank now with a 6-month CD yield above 4% is State Bank of India. There are still several banks offering 60-month CD yields at or above 5% APY, but rates have fallen. Wachovia has long been offering a Featured 5% 60-month CD, but I received notice today from a Wachovia rep that this is scheduled to end at the end of day on 12/02/08.
We may see many rate cuts from credit unions next week with the new month. Pentagon Federal Credit Union is scheduled to reduce the yield on its 3, 4, 5 and 7-year CDs from 5% to 4.75% APY. I've been told that if you open the PenFed CD online and fund it with an ACH transfer, you should still be able to open the 5% CD through Sunday (see post).
There continues to be some good CD deals available nationwide, and these are listed below. The full list of nationwide CD rates is farther down.
- 4.01% APY 5-mo / 4.27% 10-mo CD at Century Bank Direct (account review)
- 4.15% 9-mo / 4.30% 15-mo CD at iGObanking.com (account review)
- 4.36% 12-mo CD & $25 bonus for new E-LOAN customers (account review)
- 4.50% 12-mo CD at Delta Community Credit Union (account review)
- 4.50% 16-mo CD at Digital Credit Union (account review)
- 4.70% 24-mo CD at Credit Union of Georgia (account review)
- 5.00% 3-year CD at PenFed - 11/30 is last day (account review)
- 5.25% (5.35% APY Jumbo) 5-year CD at ViewPoint Bank (account review)
Local Certificate of Deposit Rates
Several small banks and credit unions have been offering some hot CD deals, but you have to live near one of their branches to qualify. Below is a list of some of the best ones that are still available. Note, these deals often don't last long, so please check with the institution. For more local deals, please refer to the new local CD deals and the state section below.
- 5% 7-mo CD ($15K max) in several states (account review)
- 4.40% 13-mo CD in New York (account review
- 5% 14-mo CD in Missouri (account review)
- 5% 24-mo / 4.50% 12-mo CD in Pennsylvania (account review)
- 5.25% 45-mo CD in IN & OH (account review)
I posted on four new reward checking accounts with yields ranging from 4.49% to 5.01% APY (see below).
For my full list of reward checking accounts around the nation, please refer to my High Yield Checking website.
Recap for the Week - Links to This Week's Posts
Banking News
- FDIC Cites OneUnited Bank for Violations
- Bank and Credit Card Cash Back Deals for the Holiday Season
- IndyMac's Future and FDIC's Expansion of Bidders for Failed Banks
- Troubles at AmTrust Bank
- FDIC's Third Quarter Report - Number of Problem Banks Increased to 171
- Unlimited FDIC Coverage for Citibank Checking Accounts
- Citigroup Crisis and Other Banking News
Savings, Checking & Money Market Deals - National
- Savings Square Raises Online Savings Account Yield to 3.60%
- Update on National City CDs and Money Market Promotions
- Update on Alliant Credit Union's Savings Account and CDs
- Update on EverBank's Money Market Account and CDs
CD Deals - National
- 4.25% 14-Month / 4.00% 9-Month CD at Stonebridge Bank in PA - RATE DROP
- Last Days of 5% CDs at Pentagon Federal Credit Union
- Update on E-LOAN's CD Promotion
- 4.00% 5-Month Online CD and 3.50% Internet Money Market Savings at Hudson City Savings Bank - RATE DROP
Checking/Savings Account Bonuses
Reward Checking Accounts
- 5.01% Reward Checking Account at Olmsted National Bank in MN
- 5.00% Reward Checking Account at FirstAtlantic Bank in Florida and Georgia
- 5.01% Reward Checking Account at Chemcel FCU in Texas
- 4.49% Reward Checking Account at Easton Bank and Trust in Maryland
CD and Money Market Deals - Local
- 4.00% 9-Month / 4.20% 22-Month CD at United Central Bank in TX, CA, GA, MD, VA
- 15-Month CD with Yields from 4.15% to 4.30% at Security Service FCU in TX and CO
- 4.00% 5-Month CD at MemberSource Credit Union in Houston
- 4.50% 24-Month CD at Allegiance Bank in Pennsylvania
- 4.25% 9-Month CD at Park Cities Bank in Dallas
- 4.10% 9-Month / 4.15% 12-Month CD at SunBank in Arizona
- 4.30% 15-Month / 4.15% 9-Month CD at Flushing Savings Bank in New York
- 4.30% 7-, 11- and 13-Month CD at TotalBank in Miami
- 4.35% 14-Month CD at Heritage Bank of Florida
- 4.25% 5-Month CD at OneUnited Bank in Los Angeles, Miami and Boston
- 4.50% 18-Month / 4.25% 12-Month CD at First Commercial Bank in Chicago
- 4.25% 10-Month CD (4.45% IRA) at KeyPoint Credit Union in California
- 4.40% 13-Month / 4.15% 5-Month CD at Pathfinder Bank in New York
- 4.75% 24-Month / 5.00% 36-Month CD at First Community Bank in Ohio
- 4.25% 12-Month / 4.00% 6-Month CD at Community Bank of Nevada
- 4.60% 24-Month / 4.50% 12-Month CD at Atlanta Postal Credit Union
- 5.25% 45-Month CD at Peoples Community Bank in Ohio and Indiana
- 5.00% 9-Month CD at Ledge Light FCU in Connecticut - EXPIRED
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 Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th, Oct 18th, Oct 12th, Oct 4th and Sep 27th.
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 November 29, 2008
Checking/Savings/Money Market Accounts:
- Broadway Federal Bank - 4.08% ($1K min) account review
- EverBank - 4.01% ($1.5K min), 3 mo promo, account review
- 1st Constitution Direct - 4.00% (min $100), 3 mo promo, account review
- GCF Bank - 4.00% (min $100), 3-mo promo, account review
- DollarSavingsDirect - 4.00% ($1K min) account review
- UFB Direct - 4.00%, Travelers Savings (min $500) account review
- SmartyPig - 3.90% (min $25) access restrictions, account review
- iGObanking - 3.80%, Checking account review ($50 bonus)
- Mutual Bank - 3.80% MMA, 90-day intro, (min $5K), account review
- CNB Bank Direct - 3.75% account review
- Corus Bank - 3.75% MMA (min $10K) account review
- Union Federal Savings - 3.75% account review
- OneUnited - 3.75% (min $1K), account review
- Provident Direct - 3.75%, account review
- Alliant Credit Union - 3.75% (min $100) (3.50% starting 12/1) account review
- GMAC Bank - 3.75% Savings account review
- Flagstar - 3.65% MMA, account review
- Savings Square - 3.60%, account review
- OnBank - 3.60%, account review
- Venture Bank Direct - 3.60%, account review
- Century Bank Direct - 3.57% MMA (min $1K) account review
- Doral Bank Direct - 3.55% (min $1K) account review
- BankUnited - 3.55% (min $5K), account review
- CapitalOne/Costco - 3.50% Savings (min $10K, Costco members only, $60 deal for exec. members)
- ShoreBank - 3.50%, account review
- Bank of Internet - 3.46% MMA (min $100) account review
- Century Bank Direct - 3.41% (min $100) account review
- Zions Bank - 3.41% MMA, outside of Utah, (min $2.5K) account review
- Capital One - 3.40% (Savings) (min $10K) account review
- UmbrellaBank - 3.40% MMA (min $1K), account review
- Bank of Internet - 3.40% Checking (min $5K) account review
- Century Bank Direct - 3.35% Checking (min $100) account review
- Provident Bank Online - 3.30% (min $10) (rate good thru 2008) account review
- ETrade Bank - 3.30%, post ($25 bonus)
- iGObanking - 3.28%, account review
- Nationwide Bank - 3.27% MMA (min $1K) account review
- FNBO Direct - 3.25%, account review
- Amboy Direct - 3.25% (min $3K) (eSavings) account review ($50 bonus)
- GMAC Bank - 3.25% MMA account review
- National City - 3.25% (min $5K), 6 mo promo, Not all states, account review
- EverBank - 3.21% MMA ($1.5K min) account review
- CapitalOne/Costco - 3.20% MMA (min $1K, Costco members only, $60 deal for exec. members)
- Discover Bank - 3.14% MMA (min $2.5K) (3.25% for $50K+) account review
- Amegy Bank - 3.10% (min $10K) account review
- E-LOAN - 3.10% Savings Plus ($10K min) (3.40% for $50K+) account review
- WTDirect - 3.06% ($10K min), account review
- AmboyDirect - 3.05% (Premium Savings) post ($25 bonus)
- Imperial Capital - 3.05% Checking (min $1K) account review
- Heartland Bank Direct - 3.05%, ($500 min), account review
- grand yield direct - 3.00% (min $2.5K) account review
- HSBC Direct - 3.00% account review
- Capital One - 3.00% MMA, account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.75% for $100K+) account review
- Transportation Alliance Bank - 3.00%, ($25 min), account review
- EmigrantDirect - 3.00%, account review
- AARP Financial Savings Center - 3.00%, AARP membership req, account review
- Indymac Federal Bank - 3.00% (min $1K) (3.25% for $25K+) account review
- M&T Bank - 3.00%, account review
- ETrade Bank - 2.90% Checking (min $5K) account review
- AmTrustDirect - 2.75% ($500 min), NEW e-Money Market, account review
- ING Direct - 2.75%, (1.00% checking), post ($25 bonus)
- UnivestDirect - 2.75%, (1.00% checking), account review
- Mutual Bank - 2.75% MMA (min $5K), account review
- Salem Five Direct - 2.75% Checking (3.25% $100K+), account review
- Citibank - 2.75% (Ultimate Savings) account review
- Countrywide - 2.65% (min $10K) (2.75% for $50K+) account review
- E-LOAN - 2.51% ($5K min), account review
- WaMu/Chase - 2.25% (requires checking), account review
- VirtualBank - 2.02% (min $100), (3.05% $25K+, 3.20% $50K+) post ($20 bonus)
- Bank of America DoW - 1.60% MMA (min $5K), account review
- Charles Schwab - 1.50% Checking, account review
- Bank of America NEA - 1.49% MMA ($500 min) (1.69% for $50K+) account review
3-Month Certificates of Deposit:
- H&R Block Bank - 3.65% (min $5K) account review
- UFB Direct - 3.45% (min $8K)
- ebank - 3.25% (min $1K)
- UmbrellaBank - 3.25% (min $1K) account review
- GMAC Bank - 3.25% (min $500), account review
- Imperial Capital - 3.20%, ($2K min), account review
- E-LOAN - 3.01% ($10K min), account review
- Nationwide Bank - 3.00% (min $500) account review
- EverBank - 2.78% ($1.5K min) account review
- VirtualBank - 2.43% (min $10K), account review
- Bank of America DoW - 1.85% (min $1K) account review
- ETrade Bank - 1.85% (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
- State Bank of India - 4.06% (min $5K) account review
- Century Bank Direct - 4.01% (5 mo) (min $1K) account review
- Navy FCU - 4.00% ($10K min) restrictions to membership, account review
- Western FCU - 4.00% (7-mo) (min $1K) account review
- Imperial Capital - 3.95% ($2K min), account review
- Northrop Grumman FCU - 3.77% (min $40K), account review
- Ascencia Bank - 3.76% (min $500), account review
- Corus Bank - 3.75% (min $10K) account review
- Nationwide Bank - 3.75% (7-mo) (min $500) account review
- FirstFedDirect - 3.75% (min $10K), account review
- GMAC Bank - 3.75% (min $500), account review
- La Jolla Bank - 3.60% (min $10K), account review
- Excel National Bank - 3.50% (min $10K) account review
- ebank - 3.50% (min $1K)
- Doral Bank Direct - 3.50% (min $1K) account review
- UmbrellaBank - 3.50% (min $1K) account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Flagstar - 3.46% (min $500), account review
- E-LOAN - 3.40% ($10K min), account review
- EverBank - 3.40% ($1.5K min) account review
- IndyMac Federal Bank - 3.25% (min $5K) account review
- BankUnited - 3.20% (min $5K) account review
- Zions Bank - 3.17% (min $1K) account review
- HSBC Direct - 3.10% (min $10) account review
- ISN Bank - 3.05% (min $1K) account review
- Wachovia - 3.00% (7-mo) (min $5K) account review
- Capital One - 3.00% (min $5K) account review
- ING Direct - 3.00%, account review
- Citibank - 3.00% (min $500) account review
- VirtualBank - 2.79% (min $10K), account review
- Bank of America DoW - 2.60% (min $1K) account review
- Bank of America - 2.50% (7-mo) (min $5K) account review
- ETrade Bank - 2.25% (min $1K), account review
- AmTrustDirect - 2.25% (min $1K) account review
- Greystone Bank - 2.00% (min $50K) account review
9-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $500) not NCUA insured (ASI only) account review
- Century Bank Direct - 4.27% (10 mo) (min $1K) account review
- iGobanking - 4.15% new money (min $1K) account review
- Digital Credit Union - 4.00% (8 mo) (min $500) account review
- Mountain America CU - 4.00% (min $1K) account review
- FirstFedDirect - 4.00% (min $10K) account review
- Stonebridge Bank - 3.95% (min $500) account review
- La Jolla Bank - 3.85% (10-mo) (min $10K), account review
- GMAC Bank - 3.80% (min $500), account review
- Academy Bank - 3.80% (min $500), account review
- UmbrellaBank - 3.80% (min $1K) account review
- Millennium Bank in VA - 3.75% (min $5K) account review
- E-LOAN - 3.51% ($10K min), account review
- ebank - 3.50% (min $1K) account review
- Imperial Capital - 3.50% ($2K min), account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Fifth Third - 3.50% (min $5K), Not all states, account review
- Sovereign Bank - 3.50% (min $500) account review
- EverBank - 3.40% ($1.5K min) account review
- Indymac Federal Bank - 3.40% (min $5K) account review
- ING Direct - 3.25% account review
- BankUnited - 3.20% (min $5K) account review
- Bank of Internet - 3.06% (min $1K) account review
- VirtualBank - 2.79% (min $10K), account review
- WaMu/Chase - 2.75% (8 mo) (min $1K), account review
- Citibank - 2.65% (min $500)
- AmTrustDirect - 1.50% (min $1K) account review
12-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $500) not NCUA insured (ASI only) account review
- Delta Community CU - 4.50% (min $1K) account review
- Century Bank Direct - 4.36% (15 mo) (min $1K) account review
- E-LOAN - 4.36% (min $10K), new customers, account review ($25 bonus)
- iGobanking - 4.30% new money (15 mo) (min $500), account review
- Mountain America CU - 4.25% (15 mo) (min $1K) account review
- GMAC Bank - 4.25% (min $500), account review
- ViewPoint Bank - 4.25% (min $1K) (4.35% $100K+) account review
- Flagstar - 4.20% (min $500), account review
- State Bank of India - 4.16% (min $5K) account review
- Melrose CU - 4.11% (min $5K) account review
- Academy Bank - 4.10% (min $500), account review
- UmbrellaBank - 4.10% (min $1K) account review
- Mutual Bank - 4.10% (min $2.5K) account review
- Credit Union of Georgia - 4.07% (min $500), account review
- Northrop Grumman FCU - 4.03% (min $40K), account review
- Corus Bank - 4.00% (min $10K) account review
- Advanta Bank - 4.00% (min $10K), account review
- Imperial Capital - 4.00% ($2K min), account review
- E-LOAN - 4.01% ($10K min), account review
- Pacific Mercantile Bank - 4.01% (min $10K) account review
- National City Bank - 4.00% (min $10K), req chk, account review
- Wachovia - 4.00% varies by state (min $5K) account review
- America's CU - 4.00% (15-mo) (min $500), Add-On Feature, account review
- FirstFedDirect - 4.00%, (min $10K) account review
- NASA FCU - 4.00% (11 mo) ($5K min) account review
- Fifth Third - 4.00% (13 mo) (min $5K), Not all states, account review
- ING Direct - 4.00% account review
- Tennessee Commerce Bank - 4.00% (min $5K)
- La Jolla Bank - 4.00% (min $10K), account review
- Dime Savings Bank - 4.00% (min $500) account review
- Discover Bank - 3.92% (min $2.5K) account review
- Alliant Credit Union - 3.90% (min $25K) account review
- EverBank - 3.90% ($1.5K min) account review
- Bank of Internet - 3.87% (min $1K) account review
- KeyDirect - 3.80% (14mo) (min $5K), 4.05% w/chk, Not all states, account review
- Geauga Savings Bank - 3.75% (min $1K) account review
- Sun Trust - 3.75% (13-mo) (min $2K) account review
- Ascencia Bank - 3.75% (min $500), account review
- Indymac Federal Bank - 3.75% (min $5K) account review
- ebank - 3.75% (min $1K)
- Sovereign Bank - 3.75% (min $500) account review
- BankUnited - 3.60% (min $5K) account review
- ISN Bank - 3.56% (min $1K) account review
- Navy FCU - 3.25% ($20K min) restrictions to membership, account review
- VirtualBank - 3.05% (min $10K), account review
- Countrywide - 2.85% (min $10K), account review
- WaMu/Chase - 2.75% (min $1K), account review
- Greystone Bank - 2.50% (min $50K) account review
- AmTrustDirect - 2.50% (min $1K) account review
- ETrade Bank - 2.40% (min $1K), account review
18-Month Certificates of Deposit:
- National City Bank - 4.50% (19-mo) (min $10K), req chk, account review
- Digital Credit Union - 4.50% (16 mo) (min $500) account review
- Christian Community CU - 4.50% (min $500) not NCUA insured (ASI only) account review
- Century Bank Direct - 4.45% (20 mo) (min $1K) account review
- UmbrellaBank - 4.40% (min $1K), account review
- USA FCU - 4.35% (min $1K) account review
- Credit Union of Georgia - 4.33% (15 mo) (min $500), account review
- Mutual Bank - 4.30% (16-mo) (min $2.5K) account review
- Discover Bank - 4.28% (min $2.5K), account review
- GMAC Bank - 4.26% (min $500) account review
- Advanta Bank - 4.20% (min $10K), account review
- OnBank - 4.20% (min $500), account review
- Intervest - 4.10% (min $2.5K), account review
- Capital One - 4.10% (min $5K) account review
- E-LOAN - 4.05% ($10K min) account review
- Tennessee Commerce Bank - 4.05% (min $5K)
- Doral Bank Direct - 4.00% (min $1K) account review
- Dollar Savings Direct - 4.00% (16-mo) (min $1K)
- Heritage Bank - 4.00% (min $5K) account review
- ING Direct - 4.00%, account review
- Alliant Credit Union - 3.90% (min $25K) account review
- EverBank - 3.90% ($1.5K min) account review
- Flagstar - 3.50% (min $500), account review
- VirtualBank - 3.30% (min $10K), account review
- Greystone Bank - 2.60% (min $50K) account review
24-Month Certificates of Deposit:
- Credit Union of Georgia - 4.70% (min $500), account review
- 1st Source Bank - 4.51% (min $5K) account review
- GMAC Bank - 4.45% (min $500) account review
- Discover Bank - 4.36% (min $2.5K) account review
- Intervest - 4.35% (min $2.5K), account review
- State Bank of India - 4.27% (min $5K) account review
- Melrose CU - 4.27% (min $5K) account review
- E-LOAN - 4.21% ($10K min) account review
- Advanta Bank - 4.20% (min $10K), account review
- Tennessee Commerce Bank - 4.10% (min $5K)
- KeyDirect - 4.10% (29 mo) (min $5K), 4.35% w/chk, Not all states, account review
- Heritage Bank - 4.10% (min $5K) account review
- Alliant Credit Union - 4.05% (min $25K) account review
- Fifth Third - 4.05% (min $5K) not all states, account review
- Capital One - 4.00% (min $5K) (4.25% $100K+) account review
- KeyDirect - 4.00% (25 mo) (min $5K), 4.25% w/chk, Not all states, account review
- OnBank - 3.95% (min $500), account review
- M&T Bank - 3.95% (min $5K) account review
- Northrop Grumman FCU - 3.83% (min $40K), account review
- Bank of Internet - 3.82% (min $1K) account review
- Flagstar - 3.81% (min $500), account review
- iGObanking - 3.75% (min $1K) account review
- ING Direct - 3.75% account review
- VirtualBank - 3.30% (min $10K), account review
- Greystone Bank - 2.70% (min $50K) account review
36-Month Certificate of Deposit:
- Pentagon Federal CU - 5.00% (ends 12/1) (min $1K), account review
- Intervest - 4.75% (min $2.5K), account review
- Discover Bank - 4.57% (min $2.5K) account review
- GMAC Bank - 4.50% (min $500) account review
- Huntington - 4.50% (min $1K) account review
- KeyDirect - 4.50% (min $5K), 4.75% w/chk, Not all states, account review
- Alliant Credit Union - 4.50% (min $25K) account review
- Advanta Bank - 4.45% (min $10K), account review
- Western FCU - 4.40% (min $40K), account review
- Melrose CU - 4.37% (min $5K) account review
- E-LOAN - 4.35% ($10K min) account review
- Heritage Bank - 4.30% (min $5K) account review
- State Bank of India - 4.27% (min $5K) account review
- 1st Source Bank - 4.25% (min $500) account review
- Tennessee Commerce Bank - 4.15% (min $5K)
- Fifth Third - 4.10% (37 mo) (min $5K) Not all states account review
- M&T Bank - 4.05% (min $5K) account review
- OnBank - 4.05% (min $500), account review
- NewDominion Bank - 4.00% (min $3K) account review
- Capital One - 4.00% (min $5K) (4.25% $100K+) account review
- Northrop Grumman FCU - 3.92% (min $40K), account review
- Flagstar - 3.81% (min $500), account review
- Third Federal - 3.75% (min $500) account review
- Agriculture FCU - 3.75% (min $1K), allows penalty-free withdrawal account review
- ING Direct - 3.75%, account review
- Bank of Internet - 3.67% (min $1K) account review
- VirtualBank - 3.56% (min $10K), account review
- Greystone Bank - 2.80% (min $50K) account review
48-Month Certificate of Deposit:
- Intervest - 5.05% (min $2.5K), account review
- USA FCU - 5.00% (min $1K) account review
- Pentagon Federal CU - 5.00% (ends 12/1) (min $1K), account review
- Advanta Bank - 4.75% (min $10K), account review
- Capital One - 4.75% (min $5K) (4.81% $100K+) account review
- Western FCU - 4.65% (min $40K), account review
- Melrose CU - 4.63% (min $5K) account review
- Discover Bank - 4.60% (min $2.5K) account review
- Flagstar - 4.51% (min $500), account review
- Third Federal - 4.50% (min $500) account review
- KeyDirect - 4.50% (min $5K), 4.75% w/chk, Not all states, account review
- GMAC Bank - 4.50% (min $500) account review
- E-LOAN - 4.41% ($10K min) account review
- Heritage Bank - 4.40% (min $5K) account review
- 1st Source Bank - 4.40% (min $500) account review
- Tennessee Commerce Bank - 4.20% (min $5K)
- Patelco CU - 4.18% ($1K min), account review
- M&T Bank - 4.15% (min $5K) account review
- OnBank - 4.15% (min $500), account review
- Northrop Grumman FCU - 4.13% (min $40K), account review
- ING Direct - 3.75%, account review
- EverBank - 3.60% ($1.5K min) account review
- VirtualBank - 3.56% (min $10K), account review
- Greystone Bank - 2.90% (min $50K) account review
60-Month Certificate of Deposit:
- ViewPoint Bank - 5.25% (min $1K) (5.35% $100K+) account review
- Intervest - 5.25% (min $2.5K), account review
- State Bank of India - 5.15% (min $5K) account review
- Apple FCU - 5.10% (min $50K) account review
- Mutual Bank - 5.10% (min $2.5K) account review
- Navy FCU - 5.10% ($20K min) (5.25% for $100K+) restrictions to membership, account review
- Capital One - 5.10% (min $5K) (5.15% $100K+) account review
- Melrose CU - 5.09% (min $5K) account review
- Discover Bank - 5.05% (min $2.5K) account review
- Advanta Bank - 5.00% (min $10K), account review
- WaMu/Chase - 5.00% (min $1K) account review
- Wachovia - 5.00% (ends 12/2) (min $5K) account review
- Pentagon Federal CU - 5.00% (ends 12/1) (min $1K), account review
- E-LOAN - 4.90% ($10K min) account review
- EverBank - 4.90% ($1.5K min) account review
- GMAC Bank - 4.90% (min $500) account review
- Western FCU - 4.85% (min $40K) account review
- Third Federal - 4.75% (min $500) account review
- Consumers CU - 4.75% (59-mo) (min $250) (5.00% $100K+) account review
- Mountain America CU - 4.70% (min $1K) account review
- Credit Union of Georgia - 4.70% (min $500), account review
- 1st Source Bank - 4.60% (min $500) account review
- Northrop Grumman FCU - 4.56% (min $40K), account review
- KeyDirect - 4.55% (min $5K), 4.80% w/chk, Not all states, account review
- Delta Community CU - 4.50% (min $1K) account review
- Heritage Bank - 4.50% (min $5K) account review
- ebank - 4.50% (min $1K) account review
- M&T Bank - 4.40% (min $5K) account review
- OnBank - 4.40% (min $500), account review
- Agriculture FCU - 4.35% (min $1K), account review
- Tennessee Commerce Bank - 4.30% (min $5K)
- Flagstar - 4.30% (min $500), account review
- Patelco CU - 4.28% ($1K min), account review
- Salem Five Bank - 4.25% (min $10K), account review
- Telcom Credit Union - 4.25% (min $500) account review
- National Bank of KC - 4.20% (min $10K), account review
- Self-Help Credit Union - 4.13% (min $500), account review
- University FCU - 4.12% (min $2.5K), account review
- US Bank - 4.00% (59 mo) (min $1K), Not all states, account review
- Bank of Internet - 3.98% (min $1K) account review
- Air Force FCU - 3.95% (min $25K) restrictions to membership, account review
- Air Academy FCU - 3.75% (min $10K) membership restrictions, account review
- ING Direct - 3.75%, account review
- VirtualBank - 3.56% (min $10K), account review
- Citibank - 3.50% (min $500)
- Greystone Bank - 3.00% (min $50K) account review
84-Month Certificate of Deposit:
- Capital One/Costco - 5.30% (min $5K) account review
- Intervest - 5.27% (min $2.5K), account review
- Capital One - 5.25% (min $5K) (5.70% 10yr) account review
- Discover Bank - 5.14% (min $2.5K) account review
- Navy FCU - 5.10% ($20K min) (5.25% $100K+) restrictions to membership, account review
- Pentagon Federal CU - 5.00% (ends 12/1) (min $1K), account review
- KeyDirect - 4.55% (min $5K) 4.80% w/chk, Not all states, account review
- Countrywide - 3.25% (min $10K), account review
- WaMu/Chase - 3.00% (min $1K), account review
Various Deposit Account Deals
- Checking/Savings Account Bonuses
- Latest CD and Savings Account Deals with No Major Deposit Limitiations
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% 5-Month Money Market Promo at Amboy (New Jersey)
- 3.05% Checking Account (Florida)
- 3.05% Money Market Account (Utah)
- 3.00% 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 - 3.45% rate for $50k+
- Vanguard Prime Money Market Fund - 2.60% 7-day yield
- Fidelity Money Market Fund - 2.37% 7-day yield (reviews on Fatwallet)
- TIAA-CREF Money Market Fund - 2.16% 7-day yeild
- Paypal Money Market Fund - 1.61% 7-day yield (1% cashback debit MasterCard)
- Vanguard Tax-Exempt Money Market Fund - 1.20% 7-day yield
- Fidelity Municipal Money Market Fund - 0.70% 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
Epicurean Odyssey (anonymous) - #1, Saturday, November 29, 2008 - 8:15 PM
Thank you, Banking Guy, for another great weekly recap.
Hope you had a great Thanksgiving Holiday Weekend!
cane84 (anonymous) - #2, Friday, December 5, 2008 - 7:18 PM
Was going to sign up for iGObanking checking account today and noticed the rate dropped from 3.8% to 2.8%.
Anonymous - #3, Friday, December 5, 2008 - 7:56 PM
A bank (http://www.fdic.gov/news/news/press/2008/pr08132.html) and a credit union (http://www.ncua.gov/news/press_releases/2008/MR08-1205.htm) failed today.
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