Bank Deals Weekly Summary for December 6, 2008
Dec 6, 2008 - 5:04 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
With the latest reports of high unemployment and recession, it appears likely that we'll get another big rate cut by the Fed in their December 16th meeting. The highest probability is now for a 75 basis-point rate cut which would take the target federal funds rate to 0.25%. BestCashCow has an interesting review of this and how the US economy is looking similar to Japan's economy in the 1990s.
Savings Account Rates
Savings account and CD rates continued to trend down this week. Countrywide and WaMu cut their online savings account rates yet again. These had top yields earlier this year, but now both are no longer competitive. The largest rate drop was at iGObanking which lowered its checking account yield from 3.80% to 2.80% APY. At least iGObanking's online savings account APY remains at 3.28%.
The only rate increase this week was at EverBank which raised the rate of its 3-month promo from 3.93% to 4.00%. As was seen with iGObanking, rate guarantees are nice in this interest rate environment. However, several banks don't have much history of competitive rates when the promo period ends. EverBank is one that has kept its ongoing money market account rate competitive. It's standard yield is currently 3.21% APY.
1st Constitution Direct has been offering a promo similar to that of EverBank with a 3-month 4% APY. Several readers who have this account have reported that the bank has offered them a 3-month extension of this promo rate. One reader has even reported receiving a second 3-month extension (see post). It's nice to see a bank rewarding existing customers rather than just new customers.
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
CD rates also trended down this week, and there were some big drops. Large CD rates cuts occurred at OnBank, iGObanking, Century Bank Direct, Sovereign Bank and ViewPoint Bank. Wachovia ended its 5% APY 60-month Featured CD. I just called today and was told the new yield is 4.50%. However, Chase/WaMu continues to offer a 5% 60-month CD (see post).
One nice surprise this week was at State Bank of India, New York. Its 6-month and 12-month CD yields were increased to 4.32% APY and 4.68% APY (see post).
Christian Community Credit Union has long been offering a 4.50% APY CD special with terms of 7 to 18 months. It now has a 5% APY CD special for terms of 24 months to 60 months. The credit union has easy membership qualifications. The main issue with this credit union is its lack of NCUA insurance. It only has private insurance via American Share Insurance (ASI). ASI is a legitimate provider of private deposit insurance, but I can't say how well it'll be able to hold up. I have more details about this credit union and the issue of ASI at this 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.
Reward Checking Accounts
I posted on six new reward checking accounts with yields ranging from 4.51% to 5.26% APY (see below). Two of these six are available to people in any state. The best one is at Belvoir Federal Credit Union which offers a 5.01% APY for balances up to $50K. The credit union has easy membership qualifications. The other one is at Bank of Sierra. This reward checking yield is only 4.51% APY for balances up to $25K. On a positive side, the bank provides an online application.
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
CD Deals - National
Checking/Savings Account Bonuses
Credit Cards
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 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th, Oct 18th, Oct 12th and Oct 4th.
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 December 6, 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 latest reports of high unemployment and recession, it appears likely that we'll get another big rate cut by the Fed in their December 16th meeting. The highest probability is now for a 75 basis-point rate cut which would take the target federal funds rate to 0.25%. BestCashCow has an interesting review of this and how the US economy is looking similar to Japan's economy in the 1990s.
Savings Account Rates
Savings account and CD rates continued to trend down this week. Countrywide and WaMu cut their online savings account rates yet again. These had top yields earlier this year, but now both are no longer competitive. The largest rate drop was at iGObanking which lowered its checking account yield from 3.80% to 2.80% APY. At least iGObanking's online savings account APY remains at 3.28%.
The only rate increase this week was at EverBank which raised the rate of its 3-month promo from 3.93% to 4.00%. As was seen with iGObanking, rate guarantees are nice in this interest rate environment. However, several banks don't have much history of competitive rates when the promo period ends. EverBank is one that has kept its ongoing money market account rate competitive. It's standard yield is currently 3.21% APY.
1st Constitution Direct has been offering a promo similar to that of EverBank with a 3-month 4% APY. Several readers who have this account have reported that the bank has offered them a 3-month extension of this promo rate. One reader has even reported receiving a second 3-month extension (see post). It's nice to see a bank rewarding existing customers rather than just new customers.
Below is the list of savings account rate changes for this week. The full list of savings account rates is farther down.
Rate Hikes:
- EverBank's 3-mo promo - 4.08% APY / 4.00% rate (was 4.01%/3.93%)
Rate Drops:
- iGObanking checking - 2.80% APY (was 3.80%)
- Flagstar MMA - 3.55% APY (was 3.65%)
- Alliant CU savings - 3.50% APY (was 3.75%)
- AmboyDirect eSavings - 2.79% APY (was 3.25%)
- CapOne/Costco MMA - 3.00% APY (was 3.20%)
- CapOne MMA - 2.75% APY (was 3.00%)
- Discover MMA - 3.04% APY / 3.14% APY $50K+ (was 3.14%/3.25%)
- Amegy Bank - 3.00% APY $10K+ (was 3.10%)
- Countrywide SavingsLink - 2.40% APY $10K+ / 2.50% APY $50K+ (was 2.65%/2.75%)
- WaMu Savings - 2.00% APY (was 2.25%)
- AmTrustDirect e-MM - 1.75% APY (was 2.75%)
Nationwide Certificate of Deposit Rates
CD rates also trended down this week, and there were some big drops. Large CD rates cuts occurred at OnBank, iGObanking, Century Bank Direct, Sovereign Bank and ViewPoint Bank. Wachovia ended its 5% APY 60-month Featured CD. I just called today and was told the new yield is 4.50%. However, Chase/WaMu continues to offer a 5% 60-month CD (see post).
One nice surprise this week was at State Bank of India, New York. Its 6-month and 12-month CD yields were increased to 4.32% APY and 4.68% APY (see post).
Christian Community Credit Union has long been offering a 4.50% APY CD special with terms of 7 to 18 months. It now has a 5% APY CD special for terms of 24 months to 60 months. The credit union has easy membership qualifications. The main issue with this credit union is its lack of NCUA insurance. It only has private insurance via American Share Insurance (ASI). ASI is a legitimate provider of private deposit insurance, but I can't say how well it'll be able to hold up. I have more details about this credit union and the issue of ASI at this 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.
- 4.36% 12-mo & $25 bonus for new E-LOAN customers (account review)
- 4.50% 12-mo CD at Delta Community Credit Union (account review)
- 4.00% 8-mo CD & 4.50% 16-mo CD at Digital Credit Union (account review)
- 4.50% 2-year CD at Family First Credit Union (account review)
- 4.75% 3-year CD at PenFed (account review)
- 5.00% 5-year CD at Chase/WaMu (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)
- 4.75% 5-mo CD in RI (account review)
- 4.33% 6-mo CD in WA (account review)
- 4.50% 12-mo CD in Houston (account review)
- 5% 24-mo / 4.50% 12-mo CD in Pennsylvania (account review)
- 5.25% 45-mo CD in IN & OH (account review)
Reward Checking Accounts
I posted on six new reward checking accounts with yields ranging from 4.51% to 5.26% APY (see below). Two of these six are available to people in any state. The best one is at Belvoir Federal Credit Union which offers a 5.01% APY for balances up to $50K. The credit union has easy membership qualifications. The other one is at Bank of Sierra. This reward checking yield is only 4.51% APY for balances up to $25K. On a positive side, the bank provides an online application.
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
- 23rd Bank Failure of the Year: First Georgia Community Bank
- New FDIC and NCUA Documentation with Latest Deposit Insurance Coverage Changes
CD Deals - National
- 4.25% 12-Month CD at RTN Federal Credit Union in MA - Easy Membership
- 4.50% 24-Month CD Family First Credit Union in Michigan - Easy Membership
- 5.32% 5-Year Jumbo CD at USAA Federal Savings Bank - Rates Dropped
- 4.68% 12-Month CD & 4.32% 6-Month CD at State Bank of India, New York
- 5.00% 60-Month CD at Chase Bank and the Risks of 5-Year CDs
Checking/Savings Account Bonuses
Credit Cards
Reward Checking Accounts
- 5.22% Reward Checking Account at Crow River Bank in Minnesota
- 5.01% Reward Checking Account at Ocean Communities FCU in Maine
- 5.26% Reward Checking Account at Provident Community Bank in South Carolina
- 5.01% Reward Checking Account at Belvoir Federal Credit Union in Virginia
- 4.51% Reward Checking Account at Bank of the Sierra in California
- 5.01% Reward Checking Account at Hyperion Bank in Philadelphia
CD and Money Market Deals - Local
- 4.00% 5-Month CD at Garden Savings FCU in New Jersey
- 5.00% 55-Month CD at Freedom FCU in Maryland
- 4.05% 6-Month CD, 4.25% 12-Month CD and Other High CD Rates at RomAsia Bank in New Jersey
- 4.33% 6-Month CD with Add-On Feature at SnoCope FCU in Washington State
- 4.00% 3-Month CD at Oregon Coast Bank
- 4.00% 3-Month CD at Hudson Vally FCU in New York
- 4.75% 5-Month CD at Coventry Credit Union in Rhode Island
- 4.15% 1-Year CD & 4.50% 3-Year CD at Montauk Credit Union in New York
- 14-Month CD Special at Banco Popular with Yields from 4.00% to 4.35%
- 4.18% 6-Month CD at Florida Bank of Commerce
- 4.50% 12-Month CD at Transstar FCU in Houston
- 4.05% 5-Month CD at Home Savings of America in California
- 4.70% 38-Month CD & 4.18% 13-Month CD at Bank of Shorewood in Illinois
- 4.28% 14-Month CD at Founders Bank Texas
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 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th, Oct 18th, Oct 12th and Oct 4th.
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 December 6, 2008
Checking/Savings/Money Market Accounts:
- EverBank - 4.08% ($1.5K min), 3 mo promo, account review
- Broadway Federal Bank - 4.08% ($1K min) account review
- UFB Direct - 4.00%, Travelers Savings (min $500) account review
- DollarSavingsDirect - 4.00% ($1K min) account review
- GCF Bank - 4.00% (min $100), 3-mo promo, account review
- 1st Constitution Direct - 4.00% (min $100), 3 mo promo, account review
- SmartyPig - 3.90% (min $25) access restrictions, account review
- Mutual Bank - 3.80% MMA, 90-day intro, (min $5K), account review
- GMAC Bank - 3.75% Savings account review
- Provident Direct - 3.75%, account review
- OneUnited - 3.75% (min $1K), account review
- Union Federal Savings - 3.75% account review
- Corus Bank - 3.75% MMA (min $10K) account review
- CNB Bank Direct - 3.75% account review
- Venture Bank Direct - 3.60%, account review
- OnBank - 3.60%, account review
- Savings Square - 3.60%, account review
- Century Bank Direct - 3.57% MMA (min $1K) account review
- BankUnited - 3.55% (min $5K), account review
- Doral Bank Direct - 3.55% (min $1K) account review
- Flagstar - 3.55% MMA, account review
- ShoreBank - 3.50%, account review
- CapitalOne/Costco - 3.50% Savings (min $10K, Costco members only, $60 deal for exec. members)
- Alliant Credit Union - 3.50% (min $100) (3.50% starting 12/1) account review
- Bank of Internet - 3.46% MMA (min $100) account review
- Zions Bank - 3.41% MMA, outside of Utah, (min $2.5K) 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
- Capital One - 3.40% (Savings) (min $10K) account review
- Century Bank Direct - 3.35% Checking (min $100) 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
- Nationwide Bank - 3.27% MMA (min $1K) account review
- National City - 3.25% (min $5K), 6 mo promo, Not all states, account review
- GMAC Bank - 3.25% MMA account review
- FNBO Direct - 3.25%, account review
- EverBank - 3.21% MMA ($1.5K min) account review
- E-LOAN - 3.10% Savings Plus ($10K min) (3.40% for $50K+) account review
- WTDirect - 3.06% ($10K min), account review & $250 bonus
- Heartland Bank Direct - 3.05%, ($500 min), account review
- Imperial Capital - 3.05% Checking (min $1K) account review
- AmboyDirect - 3.05% (Premium Savings) post ($25 bonus)
- Discover Bank - 3.04% MMA (min $2.5K) (3.14% for $50K+) account review
- M&T Bank - 3.00%, account review
- Indymac Federal Bank - 3.00% (min $1K) (3.25% for $25K+) account review
- AARP Financial Savings Center - 3.00%, AARP membership req, account review
- EmigrantDirect - 3.00%, account review
- Transportation Alliance Bank - 3.00%, ($25 min), account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.75% for $100K+) account review
- HSBC Direct - 3.00% account review
- grand yield direct - 3.00% (min $2.5K) account review
- Amegy Bank - 3.00% (min $10K) account review
- CapitalOne/Costco - 3.00% MMA (min $1K, Costco members only, $60 deal for exec. members)
- ETrade Bank - 2.90% Checking (min $5K) account review
- iGObanking - 2.80%, Checking account review ($50 bonus)
- Amboy Direct - 2.79% (min $3K) (eSavings) account review ($50 bonus)
- Citibank - 2.75% (Ultimate Savings) account review
- Salem Five Direct - 2.75% Checking (3.25% $100K+), account review
- Mutual Bank - 2.75% MMA (min $5K), account review
- UnivestDirect - 2.75%, (1.00% checking), account review
- ING Direct - 2.75%, (1.00% checking), post ($25 bonus)
- Capital One - 2.75% MMA, account review
- E-LOAN - 2.51% ($5K min), account review
- Countrywide - 2.40% (min $10K) (2.50% for $50K+) account review
- VirtualBank - 2.02% (min $100), (3.05% $25K+, 3.20% $50K+) post ($20 bonus)
- WaMu/Chase - 2.00% (requires checking), account review
- AmTrustDirect - 1.75% ($500 min), NEW e-Money Market, account review
- Bank of America NEA - 1.65% MMA ($500 min) (1.65% for $50K+) account review
- Bank of America DoW - 1.60% MMA (min $5K), account review
- Charles Schwab - 1.50% Checking, account review
3-Month Certificates of Deposit:
- H&R Block Bank - 3.65% (min $5K) account review
- UFB Direct - 3.45% (min $8K)
- GMAC Bank - 3.25% (min $500), account review
- Imperial Capital - 3.20%, ($2K min), account review
- Nationwide Bank - 3.00% (min $500) account review
- UmbrellaBank - 3.00% (min $1K) account review
- ebank - 3.00% (min $1K)
- EverBank - 2.75% ($1.5K min) account review
- E-LOAN - 2.75% ($10K min), account review
- VirtualBank - 2.43% (min $10K), account review
- ETrade Bank - 1.85% (min $1K), account review
- Bank of America DoW - 1.85% (min $1K) account review
6-Month Certificates of Deposit:
- Christian Community CU - 4.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
- State Bank of India - 4.32% (min $5K) account review
- Navy FCU - 4.00% ($10K min) restrictions to membership, account review
- Imperial Capital - 3.95% ($2K min), account review
- Ascencia Bank - 3.76% (min $500), account review
- GMAC Bank - 3.75% (min $500), account review
- Nationwide Bank - 3.75% (7-mo) (min $500) account review
- Corus Bank - 3.75% (min $10K) account review
- Northrop Grumman FCU - 3.63% (min $40K), account review
- Century Bank Direct - 3.61% (5 mo) (min $1K) account review
- FirstFedDirect - 3.51% (min $10K), account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Doral Bank Direct - 3.50% (min $1K) account review
- Excel National Bank - 3.50% (min $10K) account review
- La Jolla Bank - 3.50% (min $10K), account review
- Flagstar - 3.46% (min $500), account review
- E-LOAN - 3.35% ($10K min), account review
- EverBank - 3.25% ($1.5K min) account review
- UmbrellaBank - 3.25% (min $1K) account review
- ebank - 3.25% (min $1K)
- Zions Bank - 3.17% (min $1K) account review
- HSBC Direct - 3.10% (min $10) account review
- Citibank - 3.00% (min $500) account review
- Capital One - 3.00% (min $5K) account review
- BankUnited - 3.00% (min $5K) account review
- IndyMac Federal Bank - 3.00% (min $5K) account review
- VirtualBank - 2.79% (min $10K), account review
- ING Direct - 2.75%, account review
- Greystone Bank - 2.60% (min $50K) account review
- Bank of America - 2.60% (7-mo) (min $5K) account review
- Bank of America DoW - 2.60% (min $1K) account review
- Wachovia - 2.60% (7-mo) (min $5K) account review
- ETrade Bank - 2.25% (min $1K), account review
- ISN Bank - 2.02% (min $1K) account review
- AmTrustDirect - 1.50% (min $1K) account review
9-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- Digital Credit Union - 4.00% (8 mo) (min $500) account review
- Stonebridge Bank - 3.95% (min $500) account review
- FirstFedDirect - 3.90% (min $10K) account review
- Academy Bank - 3.80% (min $500), account review
- GMAC Bank - 3.80% (min $500), account review
- Dime Savings Bank - 3.75% (8-mo) (min $500) account review
- Millennium Bank in VA - 3.75% (min $5K) account review
- Century Bank Direct - 3.71% (10 mo) (min $1K) account review
- La Jolla Bank - 3.70% (10-mo) (min $10K), account review
- UmbrellaBank - 3.60% (min $1K) account review
- Doral Bank Direct - 3.50% (min $1K) account review
- Imperial Capital - 3.50% ($2K min), account review
- E-LOAN - 3.45% ($10K min), account review
- ebank - 3.30% (min $1K) account review
- Indymac Federal Bank - 3.25% (min $5K) account review
- EverBank - 3.25% ($1.5K min) account review
- Fifth Third - 3.25% (min $5K), Not all states, account review
- Bank of Internet - 3.01% (min $1K) account review
- ING Direct - 3.00% account review
- iGobanking - 3.00% new money (min $1K) account review
- VirtualBank - 2.79% (min $10K), account review
- Sovereign Bank - 2.75% (min $500) account review
- Citibank - 2.65% (min $500)
- WaMu/Chase - 2.65% (8 mo) (min $1K), account review
- AmTrustDirect - 1.00% (min $1K) account review
12-Month Certificates of Deposit:
- State Bank of India - 4.68% (min $5K) account review
- Delta Community CU - 4.50% (min $1K) account review
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- E-LOAN - 4.36% (min $10K), new customers, account review ($25 bonus)
- GMAC Bank - 4.20% (min $500), account review
- Melrose CU - 4.11% (min $5K) account review
- Mutual Bank - 4.10% (min $2.5K) account review
- Academy Bank - 4.10% (min $500), account review
- Tennessee Commerce Bank - 4.00% (min $5K)
- Fifth Third - 4.00% (13 mo) (min $5K), Not all states, account review
- America's CU - 4.00% (15-mo) (min $500), Add-On Feature, account review
- National City Bank - 4.00% (min $10K), req chk, account review
- Imperial Capital - 4.00% ($2K min), account review
- Corus Bank - 4.00% (min $10K) account review
- Northrop Grumman FCU - 4.00% (min $40K), account review
- Mountain America CU - 4.00% (min $1K) account review
- E-LOAN - 3.95% ($10K min), account review
- UmbrellaBank - 3.95% (min $1K) account review
- Alliant Credit Union - 3.90% (min $25K) account review
- NASA FCU - 3.90% (11 mo) ($5K min) account review
- Pacific Mercantile Bank - 3.90% (min $10K) account review
- Bank of Internet - 3.87% (min $1K) account review
- EverBank - 3.85% ($1.5K min) account review
- La Jolla Bank - 3.85% (min $10K), account review
- Advanta Bank - 3.85% (min $10K), account review
- Century Bank Direct - 3.81% (15 mo) (min $1K) account review
- KeyDirect - 3.80% (14mo) (min $5K), 4.05% w/chk, Not all states, account review
- Discover Bank - 3.76% (min $2.5K) account review
- Credit Union of Georgia - 3.76% (min $50K), account review
- Indymac Federal Bank - 3.75% (min $5K) account review
- Ascencia Bank - 3.75% (min $500), account review
- Sun Trust - 3.75% (13-mo) (min $2K) account review
- Geauga Savings Bank - 3.75% (min $1K) account review
- ING Direct - 3.75% account review
- FirstFedDirect - 3.75%, (min $10K) account review
- Flagstar - 3.75% (min $500), account review
- Wachovia - 3.60% varies by state (min $5K) account review
- ebank - 3.50% (min $1K)
- iGobanking - 3.50% new money (15 mo) (min $500), account review
- Navy FCU - 3.25% ($20K min) restrictions to membership, account review
- Greystone Bank - 3.20% (min $50K) account review
- VirtualBank - 3.05% (min $10K), account review
- BankUnited - 3.00% (min $5K) account review
- Sovereign Bank - 3.00% (min $500) account review
- Countrywide - 2.85% (min $10K), account review
- WaMu/Chase - 2.75% (min $1K), account review
- ISN Bank - 2.53% (min $1K) account review
- ViewPoint Bank - 2.50% (min $1K) (4.35% $100K+) account review
- ETrade Bank - 2.40% (min $1K), account review
- AmTrustDirect - 1.50% (min $1K) account review
18-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- Digital Credit Union - 4.50% (16 mo) (min $500) account review
- Mutual Bank - 4.30% (16-mo) (min $2.5K) account review
- GMAC Bank - 4.25% (min $500) account review
- Western FCU - 4.15% (17-mo) (min $1K) account review
- Capital One - 4.10% (min $5K) account review
- Intervest - 4.10% (min $2.5K), account review
- Discover Bank - 4.08% (min $2.5K), account review
- Tennessee Commerce Bank - 4.05% (min $5K)
- E-LOAN - 4.01% ($10K min) account review
- Century Bank Direct - 4.01% (20 mo) (min $1K) account review
- Dollar Savings Direct - 4.00% (16-mo) (min $1K)
- Doral Bank Direct - 4.00% (min $1K) account review
- Advanta Bank - 4.00% (min $10K), account review
- UmbrellaBank - 4.00% (min $1K), account review
- Alliant Credit Union - 3.90% (min $25K) account review
- EverBank - 3.85% ($1.5K min) account review
- ING Direct - 3.75%, account review
- Flagstar - 3.51% (min $500), account review
- OnBank - 3.50% (min $500), account review
- USA FCU - 3.35% (min $1K) account review
- VirtualBank - 3.30% (min $10K), account review
- Greystone Bank - 3.25% (min $50K) account review
- Heritage Bank - 3.25% (min $5K) account review
24-Month Certificates of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Intervest - 4.35% (min $2.5K), account review
- GMAC Bank - 4.35% (min $500) account review
- 1st Source Bank - 4.35% (min $5K) account review
- Melrose CU - 4.27% (min $5K) account review
- E-LOAN - 4.21% ($10K min) account review
- Discover Bank - 4.13% (min $2.5K) account review
- KeyDirect - 4.10% (29 mo) (min $5K), 4.35% w/chk, Not all states, account review
- Tennessee Commerce Bank - 4.10% (min $5K)
- Advanta Bank - 4.10% (min $10K), account review
- Fifth Third - 4.05% (min $5K) not all states, account review
- Alliant Credit Union - 4.05% (min $25K) account review
- State Bank of India - 4.01% (min $5K) account review
- KeyDirect - 4.00% (25 mo) (min $5K), 4.25% w/chk, Not all states, account review
- Capital One - 4.00% (min $5K) (4.25% $100K+) account review
- Credit Union of Georgia - 3.97% (min $50K), account review
- Northrop Grumman FCU - 3.86% (min $40K), account review
- Bank of Internet - 3.82% (min $1K) account review
- Flagstar - 3.81% (min $500), account review
- iGObanking - 3.72% (min $1K) account review
- ING Direct - 3.50% account review
- Heritage Bank - 3.35% (min $5K) account review
- VirtualBank - 3.30% (min $10K), account review
- OnBank - 3.00% (min $500), account review
- Greystone Bank - 2.70% (min $50K) account review
36-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Intervest - 4.75% (min $2.5K), account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- Alliant Credit Union - 4.50% (min $25K) account review
- Huntington - 4.50% (min $1K) account review
- Melrose CU - 4.37% (min $5K) account review
- Advanta Bank - 4.35% (min $10K), account review
- GMAC Bank - 4.35% (min $500) account review
- E-LOAN - 4.31% ($10K min) account review
- Discover Bank - 4.31% (min $2.5K) account review
- Western FCU - 4.26% (min $40K), account review
- KeyDirect - 4.25% (min $5K), 4.50% w/chk, Not all states, account review
- State Bank of India - 4.22% (min $5K) account review
- Tennessee Commerce Bank - 4.15% (min $5K)
- Fifth Third - 4.10% (37 mo) (min $5K) Not all states account review
- Capital One - 4.00% (min $5K) (4.25% $100K+) account review
- NewDominion Bank - 4.00% (min $3K) account review
- 1st Source Bank - 4.00% (min $500) account review
- Northrop Grumman FCU - 3.94% (min $40K), account review
- Flagstar - 3.81% (min $500), account review
- Agriculture FCU - 3.75% (min $1K), allows penalty-free withdrawal account review
- Bank of Internet - 3.67% (min $1K) account review
- VirtualBank - 3.56% (min $10K), account review
- Heritage Bank - 3.55% (min $5K) account review
- ING Direct - 3.50%, account review
- Third Federal - 3.50% (min $500) account review
- OnBank - 3.10% (min $500), account review
- Greystone Bank - 2.80% (min $50K) account review
48-Month Certificate of Deposit:
- Intervest - 5.05% (min $2.5K), account review
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Capital One - 4.75% (min $5K) (4.81% $100K+) account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- Advanta Bank - 4.65% (min $10K), account review
- Melrose CU - 4.63% (min $5K) account review
- Western FCU - 4.52% (min $40K), account review
- Flagstar - 4.51% (min $500), account review
- National Bank of KC - 4.44% (44-mo) (min $10K) account review
- Discover Bank - 4.44% (min $2.5K) account review
- E-LOAN - 4.36% ($10K min) account review
- GMAC Bank - 4.35% (min $500) account review
- 1st Source Bank - 4.25% (min $500) account review
- Third Federal - 4.25% (min $500) account review
- Tennessee Commerce Bank - 4.20% (min $5K)
- Patelco CU - 4.18% ($1K min), account review
- Northrop Grumman FCU - 4.11% (min $40K), account review
- KeyDirect - 4.00% (min $5K), 4.25% w/chk, Not all states, account review
- USA FCU - 4.00% (min $1K) account review
- Heritage Bank - 3.75% (min $5K) account review
- EverBank - 3.60% ($1.5K min) account review
- VirtualBank - 3.56% (min $10K), account review
- ING Direct - 3.50%, account review
- OnBank - 3.15% (min $500), account review
- Greystone Bank - 2.90% (min $50K) account review
60-Month Certificate of Deposit:
- Intervest - 5.25% (min $2.5K), account review
- Capital One - 5.10% (min $5K) (5.15% $100K+) account review
- Navy FCU - 5.10% ($20K min) (5.25% for $100K+) restrictions to membership, account review
- Mutual Bank - 5.10% (min $2.5K) account review
- Apple FCU - 5.10% (min $50K) account review
- Melrose CU - 5.09% (min $5K) account review
- WaMu/Chase - 5.00% (min $1K) account review
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- GMAC Bank - 4.90% (min $500) account review
- Advanta Bank - 4.90% (min $10K), account review
- Discover Bank - 4.89% (min $2.5K) account review
- EverBank - 4.80% ($1.5K min) account review
- E-LOAN - 4.77% ($10K min) account review
- Mountain America CU - 4.75% (min $1K) account review
- Consumers CU - 4.75% (59-mo) (min $250) (5.00% $100K+) account review
- Pentagon Federal CU - 4.75% (min $1K), account review
- State Bank of India - 4.73% (min $5K) account review
- Western FCU - 4.71% (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
- Northrop Grumman FCU - 4.50% (min $40K), account review
- 1st Source Bank - 4.50% (min $500) account review
- Third Federal - 4.50% (min $500) account review
- Wachovia - 4.50% (min $5K) account review
- Credit Union of Georgia - 4.44% (min $50K), account review
- Agriculture FCU - 4.35% (min $1K), account review
- Flagstar - 4.31% (min $500), account review
- Tennessee Commerce Bank - 4.30% (min $5K)
- Patelco CU - 4.28% ($1K min), account review
- Telcom Credit Union - 4.25% (min $500) account review
- Salem Five Bank - 4.25% (min $10K), 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
- ViewPoint Bank - 4.05% (min $1K) (4.15% $100K+) account review
- ebank - 4.00% (min $1K) account review
- Heritage Bank - 4.00% (min $5K) 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
- US Bank - 3.65% (59 mo) (min $1K), Not all states, account review
- VirtualBank - 3.56% (min $10K), account review
- Citibank - 3.50% (min $500)
- ING Direct - 3.50%, account review
- OnBank - 3.25% (min $500), account review
- 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 - 4.75% (min $1K), account review
- KeyDirect - 4.55% (min $5K) 4.80% w/chk, Not all states, account review
- WaMu/Chase - 3.00% (min $1K), account review
- Countrywide - 2.60% (min $10K), 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
- 4.00% 3-Month Money Market Promo at Amboy (New Jersey)
- 3.05% Checking Account (Florida)
- 3.25% 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 - 2.55% 7-day yield
- Fidelity Money Market Fund - 2.27% 7-day yield (reviews on Fatwallet)
- TIAA-CREF Money Market Fund - 2.08% 7-day yeild
- Paypal Money Market Fund - 1.52% 7-day yield (1% cashback debit MasterCard)
- Vanguard Tax-Exempt Money Market Fund - 1.06% 7-day yield
- Fidelity Municipal Money Market Fund - 0.65% 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
Geoff (anonymous) - #1, Sunday, December 7, 2008 - 12:32 AM
Banking Guy, this really is a whole bunch of great information. Thanks a ton!!!
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