Bank Deals Weekly Summary for January 3, 2009
Jan 3, 2009 - 2:24 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
Happy New Years! I wish everyone a healthy and prosperous new year. Unfortunately, 2009 is going to be a challenge for savers as interest rates continue to decline. In addition to interest rates, safety will be a concern as we'll likely see many more bank failures. I reviewed some lessons to be learned from the 25 bank failures in 2008 in this post, and I reviewed the federally insured credit union failures in 2008 in this post. As I described in these posts, the FDIC and NCUA have done a good job at protecting depositors, and I don't see this changing in 2009.
Savings Account Rates
This was another week of falling savings account rates. There are now just two banks offering 4%+ savings accounts: Emigrant Bank's DollarSavingsDirect and Broadway Federal Bank. EverBank reduced the rate on its 3-month promo to 3.76% (3.83% APY) for both its checking and money market account. The only high-3-percent savings accounts are now EverBank's promo rate and 1st Constitution Direct's 3.75% APY 3-month promo. After these there are 11 banks offering mid-3-percent rates.
UFB Direct's Traveler Savings Account used to be on top of the list with a 4% APY, but the rate has been going down over the last month. UFB Direct cut the rate again this week, and the APY is now only 2.00%. UFB Direct now has the top rate for their money market account which has an APY of 3.30% for a $2K minimum. So if you're looking for a top rate at a bank that doesn't force you to keep moving into new accounts to maintain the top rate, you may want to avoid UFB Direct.
Below is the list of savings account rate changes for this week. The good news is that there were fewer rate cuts than the previous week and the week before that. The full list of savings account rates is farther down.
Rate Hikes:
CD rates also trended down this week. I now have only two federally insured institutions offering 5% CDs on my nationwide lists: Navy FCU with a 5.10% APY 7-year CD for a $20K minimum and Consumers CU with a 5.00% APY 59-month CD for a $100K minimum.
For terms of 3-years and under, it's getting difficult to find CDs with rates of at least 4%. GMAC Bank ended its 4% 12-month CD yesterday. The APY is now 3.75%. The only bank that's offering a 4% short-term CD is Emigrant Bank at DollarSavingsDirect. It's still offering a 4.00% APY 16-month online CD (see post).
The two best short-term CD deals are now at credit unions. America's Credit Union continues to offer a special 4% APY 7-month CD (see post). Western FCU came out with a new CD special for January. It's a 13-month CD with an APY of 4.05% (see post).
Refer to list below for a few of the best nationwide CD deals. The full list of nationwide CD rates is farther down.
I'm afraid reward checking accounts aren't immune to rate cuts. I've spent at least 5 hours in the last week updating rates on many of my 300+ reward checking account posts. I've received considerable help from readers who have been leaving comments on the rate changes. Thank you! I just updated the tables at my High Yield Checking website. Even though the rates have trended down, there are still many reward checking accounts offering yields of at least 5%. On my nationwide table, I have 17 offering at least 5%.
Recap for the Week - Links to This Week's Posts
Banking News
Savings/Checking Accounts - 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 Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th and Oct 18th.
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 January 3, 2009
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
Recent CD Specials at Local Credit Unions and Banks
Bank Account Alternatives
Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)
Happy New Years! I wish everyone a healthy and prosperous new year. Unfortunately, 2009 is going to be a challenge for savers as interest rates continue to decline. In addition to interest rates, safety will be a concern as we'll likely see many more bank failures. I reviewed some lessons to be learned from the 25 bank failures in 2008 in this post, and I reviewed the federally insured credit union failures in 2008 in this post. As I described in these posts, the FDIC and NCUA have done a good job at protecting depositors, and I don't see this changing in 2009.
Savings Account Rates
This was another week of falling savings account rates. There are now just two banks offering 4%+ savings accounts: Emigrant Bank's DollarSavingsDirect and Broadway Federal Bank. EverBank reduced the rate on its 3-month promo to 3.76% (3.83% APY) for both its checking and money market account. The only high-3-percent savings accounts are now EverBank's promo rate and 1st Constitution Direct's 3.75% APY 3-month promo. After these there are 11 banks offering mid-3-percent rates.
UFB Direct's Traveler Savings Account used to be on top of the list with a 4% APY, but the rate has been going down over the last month. UFB Direct cut the rate again this week, and the APY is now only 2.00%. UFB Direct now has the top rate for their money market account which has an APY of 3.30% for a $2K minimum. So if you're looking for a top rate at a bank that doesn't force you to keep moving into new accounts to maintain the top rate, you may want to avoid UFB Direct.
Below is the list of savings account rate changes for this week. The good news is that there were fewer rate cuts than the previous week and the week before that. The full list of savings account rates is farther down.
Rate Hikes:
- UFB Direct MMA - 3.30% (was 2.15% $2K-$15K, 2.40% $15K+)
- Corus Bank - 3.55% (was 3.65%)
- Alliant CU - 3.25% (was 3.50%)
- Smartypig - 3.25% (was 3.90%)
- Provident Direct - 3.25% (was 3.75%)
- Bank Provident Online - 3.00% (was 3.30%)
- Amboy Premium Savings - 2.79% (was 3.05%)
- Grand Yield Direct - 2.75% (was 3.00%)
- GCF Bank 3-mo promo - 2.75% (was 3.00%)
- IndyMac e-Money Market - 2.70% (was 2.75%)
- Heartland Direct - 2.55% (was 3.05%)
- Mutual Bank MMA - 2.50% (was 2.75%)
- ING Direct Savings - 2.50% (was 2.75%)
- UFB Direct Traveler Savings - 2.00% (was 3.15%)
- UFB Direct Savings - 2.00% (was 2.50%)
- AARP Savings - 2.00% (was 2.50%)
CD rates also trended down this week. I now have only two federally insured institutions offering 5% CDs on my nationwide lists: Navy FCU with a 5.10% APY 7-year CD for a $20K minimum and Consumers CU with a 5.00% APY 59-month CD for a $100K minimum.
For terms of 3-years and under, it's getting difficult to find CDs with rates of at least 4%. GMAC Bank ended its 4% 12-month CD yesterday. The APY is now 3.75%. The only bank that's offering a 4% short-term CD is Emigrant Bank at DollarSavingsDirect. It's still offering a 4.00% APY 16-month online CD (see post).
The two best short-term CD deals are now at credit unions. America's Credit Union continues to offer a special 4% APY 7-month CD (see post). Western FCU came out with a new CD special for January. It's a 13-month CD with an APY of 4.05% (see post).
Refer to list below for a few of the best nationwide CD deals. The full list of nationwide CD rates is farther down.
- 4.00% 7-mo CD at America's CU (account review)
- 3.75% 6-mo CD at Navy FCU (account review)
- 4.05% 13-mo CD at Western FCU (account review)
- 3.85% 12-mo CD at Imperial Capital Bank (account review)
- 4.00% 16-mo CD at DollarSavingsDirect (account review)
- 4.25% 22-mo / 5.00% 59-mo CD at Consumers CU (account review)
- 4.70% 60-mo CD at Acacia Federal Savings Bank
- 4.75% 60-mo CD at Mountain America CU (account review)
- 5.10% 84-mo CD at Navy FCU (account review)
I'm afraid reward checking accounts aren't immune to rate cuts. I've spent at least 5 hours in the last week updating rates on many of my 300+ reward checking account posts. I've received considerable help from readers who have been leaving comments on the rate changes. Thank you! I just updated the tables at my High Yield Checking website. Even though the rates have trended down, there are still many reward checking accounts offering yields of at least 5%. On my nationwide table, I have 17 offering at least 5%.
Recap for the Week - Links to This Week's Posts
Banking News
- Review of the 2008 Credit Union Liquidations
- Rate Cuts and Other Banking News
- GMAC and IndyMac News
- 10 Lessons from the 2008 Bank Failures
Savings/Checking Accounts - National
CD Deals - National
- Very High CD Rates at Christian Community CU in California - Easy Membership but ASI-Insured Only
- 4.75% 60-Month CD at Mountain America Credit Union - Easy Membership
- 4.50% 48-Month Online CD at Flagstar Bank
- 4.05% 13-Month CD at Western FCU - Easy Membership
- New CD Rates at Navy Federal Credit Union
- New CD Rates at Pentagon Federal Credit Union
Checking/Savings Account Bonuses
- $100 Checking Account/Direct Deposit Bonus at Flagstar
- $190 Checking Account Bonus at HomeStreet Bank in WA, OR & HI
Reward Checking Accounts
- 4.59% Reward Checking Account at UMassFive College FCU in Massachusetts
- 5.01% Reward Checking Account at Carolinas Telco FCU
- 4.06% Reward Checking Account at State Bank of Southern Utah
CD and Money Market Deals - Local
- 4.00% 12-Month CD & 4.10% 24-Month CD at Atlanta Postal Credit Union
- 4.00% 18-Month CD at Credit Union of New Jersey
- 4.00% 24-Month CD at Colonial Bank in AL, GA, FL, TX & NV
- 3.75% 7-Month CD & 3.85% 13-Month CD at Greater Atlantic Bank in MD & VA
- 4.50% 12-Month & 6-Month CD at CorePlus FCU in Connecticut
- 4.03% 18-Month CD at USAlliance FCU in NY, NJ & MA
- 4.50% 12-Month CD at San Diego Metropolitan Credit Union
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 Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st, Oct 25th and Oct 18th.
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 January 3, 2009
Checking/Savings/Money Market Accounts:
- Broadway Federal Bank - 4.08% ($1K min) account review
- DollarSavingsDirect - 4.00% ($1K min) account review
- EverBank - 3.83% ($1.5K min), 3 mo promo, account review
- 1st Constitution Direct - 3.75% (min $100), 3 mo promo, account review
- Union Federal Savings - 3.60% account review
- Savings Square - 3.60%, account review
- Century Bank Direct - 3.57% MMA (min $1K) account review
- Flagstar - 3.55% MMA, account review
- Doral Bank Direct - 3.55% (min $1K) account review
- BankUnited - 3.55% (min $5K), account review
- Corus Bank - 3.55% MMA (min $10K) account review
- Bank of Internet - 3.51% (min $100) account review
- CNB Bank Direct - 3.50% account review
- Venture Bank Direct - 3.50%, account review
- ShoreBank - 3.50%, account review
- Century Bank Direct - 3.41% (min $100) account review
- Century Bank Direct - 3.35% Checking (min $100) account review
- UFB Direct - 3.30% MMA (min $2K)
- Mutual Bank - 3.30% MMA, 90-day intro, (min $5K), account review
- Bank of Internet - 3.26% MMA (min $100) account review
- GMAC Bank - 3.25% Savings account review
- Alliant Credit Union - 3.25% (min $100) (3.50% starting 12/1) account review
- Provident Direct - 3.25%, account review
- SmartyPig - 3.25% (min $25) access restrictions, account review
- Bank of Internet - 3.20% Checking (min $5K) account review
- OnBank - 3.15%, account review
- iGObanking - 3.08%, account review
- WTDirect - 3.06% ($10K min), account review & $250 bonus
- CapitalOne/Costco - 3.05% Savings (min $10K, Costco members only, $60 deal for exec. members)
- Imperial Capital - 3.05% Checking (min $1K) account review
- ETrade Bank - 3.01%, post ($25 bonus)
- OneUnited - 3.00% (min $1K), account review
- National City - 3.00% (min $5K), 6 mo promo, Not all states, account review
- Capital One - 3.00% (Savings) (min $10K) account review
- Amegy Bank - 3.00% (min $10K) account review
- HSBC Direct - 3.00% account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.75% for $100K+) account review
- Provident Bank Online - 3.00% (min $10) account review
- Nationwide Bank - 2.97% MMA (min $1K) account review
- EverBank - 2.96% MMA ($1.5K min) account review
- Zions Bank - 2.84% MMA, outside of Utah, (min $2.5K) account review
- FNBO Direct - 2.80%, account review
- Amboy Direct - 2.79% (min $3K) (eSavings) account review ($50 bonus)
- AmboyDirect - 2.79% (Premium Savings) post ($25 bonus)
- UmbrellaBank - 2.75% MMA (min $1K), account review
- GMAC Bank - 2.75% MMA account review
- EmigrantDirect - 2.75%, account review
- M&T Bank - 2.75%, account review
- Discover Bank - 2.75% MMA (min $2.5K) (2.86% for $50K+) account review
- GCF Bank - 2.75% (min $100), 3-mo promo, account review
- grand yield direct - 2.75% (min $2.5K) account review
- Indymac Federal Bank - 2.70% (min $1K) (2.70% for $25K+) account review
- Heartland Bank Direct - 2.55% ($500 min), account review
- Citibank - 2.50% (Ultimate Savings) account review
- ING Direct - 2.50%, (0.50% checking), post ($25 bonus)
- Mutual Bank - 2.50% MMA (min $5K), account review
- E-LOAN - 2.40% Savings Plus ($10K min) (2.80% for $50K+) account review
- CapitalOne/Costco - 2.35% MMA (min $1K, Costco members only, $60 deal for exec. members)
- Salem Five Direct - 2.25% Checking (2.75% $100K+), account review
- Capital One - 2.10% MMA, account review
- Transportation Alliance Bank - 2.00%, ($25 min), account review
- UnivestDirect - 2.00%, (0.75% checking), account review
- AARP Financial Savings Center - 2.00%, AARP membership req, account review
- UFB Direct - 2.00%, Travelers Savings (min $500) account review
- E-LOAN - 1.91% ($5K min), account review
- Countrywide - 1.90% (min $10K) (2.00% for $50K+) account review
- iGObanking - 1.75%, Checking account review ($50 bonus)
- AmTrustDirect - 1.75% ($500 min), NEW e-Money Market, account review
- ETrade Bank - 1.50% Checking (min $5K) account review
- WaMu/Chase - 1.50% (requires checking), account review
- Bank of America NEA - 1.40% MMA ($500 min) (1.40% for $50K+) account review
- Bank of America DoW - 1.35% MMA (min $5K), account review
- VirtualBank - 1.01% (min $100), (2.02% $25K+, 2.28% $50K+) post ($20 bonus)
- Charles Schwab - 1.00% Checking, account review
3-Month Certificates of Deposit:
- Digital Credit Union - 3.25% (4 mo) (min $500) account review
- ebank - 3.00% (min $1K)
- H&R Block Bank - 2.50% (min $250) account review
- Imperial Capital - 2.50%, ($2K min), account review
- UmbrellaBank - 2.50% (min $1K) account review
- EverBank - 2.50% ($1.5K min) account review
- Nationwide Bank - 2.50% (min $500) account review
- UFB Direct - 2.33% (min $8K)
- GMAC Bank - 2.30% (min $500), account review
- VirtualBank - 1.92% (min $10K), account review
- E-LOAN - 1.60% ($10K min), account review
- ETrade Bank - 1.25% (min $1K), account review
- Bank of America DoW - 1.07% (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
- America's CU - 4.00% (7-mo) (min $500), Add-On Feature, account review
- Navy FCU - 3.75% ($10K min) restrictions to membership, account review
- Earthstar Bank - 3.45% (min $500) account review
- Imperial Capital - 3.45% ($2K min), account review
- Northrop Grumman FCU - 3.37% (min $40K), account review
- Doral Bank Direct - 3.25% (min $1K) account review
- ebank - 3.25% (min $1K)
- Corus Bank - 3.16% (min $10K) account review
- GMAC Bank - 3.15% (min $500), account review
- State Bank of India - 3.03% (min $5K) account review
- FNBO Direct - 3.01% (min $500) account review
- La Jolla Bank - 3.00% (min $10K), account review
- BankUnited - 3.00% (min $5K) account review
- Nationwide Bank - 3.00% (min $500) account review
- Ascencia Bank - 2.95% (min $500), account review
- Century Bank Direct - 2.91% (5 mo) (min $1K) account review
- Tennessee Commerce Bank - 2.90% (min $5K)
- EverBank - 2.85% ($1.5K min) account review
- FirstFedDirect - 2.78% (min $10K), account review
- Flagstar - 2.76% (min $500), account review
- Excel National Bank - 2.75% (min $10K) account review
- UmbrellaBank - 2.75% (min $1K) account review
- HSBC Direct - 2.65% (min $10) account review
- IndyMac Federal Bank - 2.55% (min $5K) account review
- E-LOAN - 2.50% ($10K min), account review
- VirtualBank - 2.28% (min $10K), account review
- Bank of America DoW - 2.10% (min $1K) account review
- Greystone Bank - 2.03% (min $50K) account review
- ING Direct - 2.00%, account review
- Wachovia - 1.90% (7-mo) (min $5K) account review
- Bank of America - 1.85% (7-mo) (min $5K) account review
- Citibank - 1.75% (min $500) account review
- Zions Bank - 1.66% (min $1K) account review
- ETrade Bank - 1.60% (min $1K), account review
- Capital One - 1.50% (min $5K) account review
- ISN Bank - 1.26% (min $1K) account review
- AmTrustDirect - 1.00% (min $1K) account review
9-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- ebank - 3.30% (min $1K) account review
- Imperial Capital - 3.25% ($2K min), account review
- Doral Bank Direct - 3.25% (min $1K) account review
- La Jolla Bank - 3.15% (10-mo) (min $10K), account review
- UmbrellaBank - 3.10% (min $1K) account review
- GMAC Bank - 3.10% (min $500), account review
- Millennium Bank in VA - 3.00% (min $5K) account review
- Academy Bank - 3.00% (min $500), account review
- Century Bank Direct - 2.96% (10 mo) (min $1K) account review
- EverBank - 2.85% ($1.5K min) account review
- FirstFedDirect - 2.85% (min $10K) account review
- Indymac Federal Bank - 2.75% (10-mo) (min $5K) account review
- E-LOAN - 2.60% ($10K min), account review
- Fifth Third - 2.50% (min $5K), Not all states, account review
- Bank of Internet - 2.50% (min $1K) account review
- VirtualBank - 2.28% (min $10K), account review
- ING Direct - 2.25% account review
- iGobanking - 2.00% new money (min $1K) account review
- WaMu/Chase - 2.00% (8 mo) (min $1K), account review
- Citibank - 1.75% (min $500)
- AmTrustDirect - 1.00% (min $1K) account review
12-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- Western FCU - 4.05% (13 mo) (min $1K) account review
- Imperial Capital - 3.85% ($2K min), account review
- Credit Union of Georgia - 3.76% (min $50K), account review
- Digital Credit Union - 3.75% (11 mo) (min $500) account review
- Flagstar - 3.75% (min $500), account review
- GMAC Bank - 3.75% (min $500), account review
- Earthstar Bank - 3.70% (min $500) account review
- Melrose CU - 3.65% (min $5K) account review
- Alliant Credit Union - 3.65% (min $25K) account review
- Corus Bank - 3.55% (min $10K) account review
- ebank - 3.50% (min $1K)
- Pacific Mercantile Bank - 3.49% (min $10K) account review
- UmbrellaBank - 3.45% (min $1K) account review
- Northrop Grumman FCU - 3.45% (min $40K), account review
- Tennessee Commerce Bank - 3.40% (min $5K)
- FNBO Direct - 3.25% (min $500) account review
- La Jolla Bank - 3.25% (min $10K), account review
- EverBank - 3.25% ($1.5K min) account review
- NASA FCU - 3.25% (15 mo) ($1K min) account review
- Mountain America CU - 3.25% (min $1K) account review
- State Bank of India - 3.24% (min $5K) account review
- Mutual Bank - 3.23% (min $2.5K) account review
- Navy FCU - 3.15% ($20K min) restrictions to membership, account review
- E-LOAN - 3.10% ($10K min), account review
- Century Bank Direct - 3.06% (15 mo) (min $1K) account review
- FirstFedDirect - 3.05%, (min $10K) account review
- Fifth Third - 3.00% (13 mo) (min $5K), Not all states, account review
- Advanta Bank - 3.00% (min $10K), account review
- Academy Bank - 3.00% (min $500), account review
- Ascencia Bank - 2.95% (min $500), account review
- National City Bank - 2.90% (13 mo) (min $10K), req chk, not all states, account review
- Indymac Federal Bank - 2.90% (min $5K) account review
- Discover Bank - 2.75% (min $2.5K) account review
- Geauga Savings Bank - 2.75% (min $1K) account review
- KeyDirect - 2.75% (14mo) (min $5K), 3.00% w/chk, Not all states, account review
- ING Direct - 2.75% account review
- Sun Trust - 2.40% (13-mo) (min $2K) account review
- Bank of Internet - 2.28% (min $1K) account review
- iGobanking - 2.25% new money (15 mo) (min $500), account review
- Wachovia - 2.15% varies by state (min $5K) account review
18-Month Certificates of Deposit:
- Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
- Dollar Savings Direct - 4.00% (16-mo) (min $1K) account review
- Mutual Bank - 3.80% (16 mo) (min $2.5K) account review
- Consumers CU - 3.75% (16-mo) (min $250) (4.00% $100K+) account review
- Doral Bank Direct - 3.75% (min $1K) account review
- Alliant Credit Union - 3.65% (min $25K) account review
- UmbrellaBank - 3.50% (min $1K), account review
- GMAC Bank - 3.50% (min $500) account review
- Tennessee Commerce Bank - 3.45% (min $5K)
- EverBank - 3.25% ($1.5K min) account review
- Century Bank Direct - 3.16% (20 mo) (min $1K) account review
- Advanta Bank - 3.15% (min $10K), account review
- E-LOAN - 3.15% ($10K min) account review
- Intervest - 3.15% (min $2.5K), account review
- USA FCU - 3.10% (min $1K) account review
- Heritage Bank - 3.00% (min $5K) account review
- Flagstar - 2.96% (min $500), account review
- VirtualBank - 2.79% (min $10K), account review
- Capital One - 2.75% (min $5K) account review
- OnBank - 2.75% (min $500), account review
- Discover Bank - 2.75% (min $2.5K), account review
- Nova Bank - 2.75% (min $500) account review
- ING Direct - 2.75%, account review
- Greystone Bank - 2.70% (min $50K) account review
24-Month Certificates of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Consumers CU - 4.00% (22-mo) (min $250) (4.25% $100K+) account review
- Credit Union of Georgia - 3.97% (min $50K), account review
- Melrose CU - 3.80% (min $5K) account review
- Alliant Credit Union - 3.80% (min $25K) account review
- KeyDirect - 3.75% (29 mo) (min $5K), 4.00% w/chk, Not all states, account review
- GMAC Bank - 3.65% (min $500) account review
- FNBO Direct - 3.50% (min $500) account review
- Capital One - 3.50% (min $5K) (4.10% $100K+) account review
- E-LOAN - 3.50% ($10K min) account review
- Tennessee Commerce Bank - 3.50% (min $5K)
- Advanta Bank - 3.30% (min $10K), account review
- Intervest - 3.25% (min $2.5K), account review
- State Bank of India - 3.24% (min $5K) account review
- Fifth Third - 3.15% (min $5K) not all states, account review
- Discover Bank - 3.10% (min $2.5K) account review
- KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
- 1st Source Bank - 3.00% (min $5K) account review
36-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Alliant Credit Union - 4.25% (min $25K) account review
- Western FCU - 4.13% (min $40K), account review
- Acacia Federal Savings Bank - 4.05% (min $500)
- Pentagon Federal CU - 4.00% (min $1K), account review
- Melrose CU - 3.96% (min $5K) account review
- Northrop Grumman FCU - 3.65% (min $40K), account review
- GMAC Bank - 3.65% (min $500) account review
- State Bank of India - 3.55% (min $5K) account review
- E-LOAN - 3.55% ($10K min) account review
- Tennessee Commerce Bank - 3.55% (min $5K)
- Capital One - 3.50% (min $5K) (3.60% $100K+) account review
- Advanta Bank - 3.50% (min $10K), account review
- Discover Bank - 3.45% (min $2.5K) account review
- Intervest - 3.35% (min $2.5K), account review
- Flagstar - 3.35% (min $500), account review
- KeyDirect - 3.25% (min $5K), 3.50% w/chk, Not all states, account review
- Fifth Third - 3.25% (37 mo) (min $5K) Not all states account review
- Agriculture FCU - 3.25% (min $1K) account review
- 1st Source Bank - 3.25% (min $500) account review
- Bank of Internet - 3.05% (min $1K) account review
- NewDominion Bank - 3.00% (min $3K) account review
48-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Western FCU - 4.54% (min $40K), account review
- Flagstar - 4.50% (min $500), account review
- Acacia Federal Savings Bank - 4.30% (min $500)
- Pentagon Federal CU - 4.25% (min $1K), account review
- Patelco CU - 4.18% ($1K min), account review
- Melrose CU - 4.11% (min $5K) account review
- Capital One - 3.75% (min $5K) (3.85% $100K+) account review
- Discover Bank - 3.75% (min $2.5K) account review
- USA FCU - 3.75% (min $1K) account review
- Advanta Bank - 3.70% (min $10K), account review
- E-LOAN - 3.65% ($10K min) account review
- GMAC Bank - 3.65% (min $500) account review
- Tennessee Commerce Bank - 3.60% (min $5K)
- National Bank of KC - 3.50% (min $10K) account review
- KeyDirect - 3.50% (min $5K), 3.75% w/chk, Not all states, account review
- Intervest - 3.50% (min $2.5K), account review
- Third Federal - 3.50% (min $500) account review
- 1st Source Bank - 3.50% (min $500) account review
60-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Consumers CU - 4.75% (59-mo) (min $250) (5.00% $100K+) account review
- Mountain America CU - 4.75% (min $1K) account review
- Acacia Federal Savings Bank - 4.70% (min $500)
- Apple FCU - 4.60% (min $50K) account review
- Western FCU - 4.56% (min $40K) account review
- Pentagon Federal CU - 4.50% (min $1K), account review
- Credit Union of Georgia - 4.44% (min $50K), account review
- Melrose CU - 4.42% (min $5K) account review
- Navy FCU - 4.40% ($20K min) (4.55% for $100K+) restrictions to membership, account review
- Patelco CU - 4.28% ($1K min), account review
- Telcom Credit Union - 4.25% (min $500) account review
- Mutual Bank - 4.22% (min $2.5K) account review
- State Bank of India - 4.06% (min $5K) account review
- Flagstar - 4.01% (min $500), account review
- WaMu/Chase - 4.00% (min $1K) account review
- Capital One - 4.00% (min $5K) (4.10% $100K+) account review
- Discover Bank - 4.00% (min $2.5K) account review
- EverBank - 4.00% ($1.5K min) account review
- Salem Five Bank - 4.00% (min $10K), account review
- 1st Source Bank - 4.00% (min $500) account review
- GMAC Bank - 4.00% (min $500) account review
- University FCU - 4.00% (min $2.5K), account review
- E-LOAN - 3.90% ($10K min) account review
- Advanta Bank - 3.85% (min $10K), account review
- Agriculture FCU - 3.85% (min $1K), account review
- KeyDirect - 3.75% (min $5K), 4.00% w/chk, Not all states, account review
- Third Federal - 3.75% (min $500) account review
- Delta Community CU - 3.75% (min $1K) account review
- Intervest - 3.66% (min $2.5K), account review
- Wachovia - 3.25% (min $5K), varies by state, account review
84-Month Certificate of Deposit:
- Navy FCU - 5.10% ($20K min) restrictions to membership, account review
- Capital One/Costco - 4.55% (min $5K) account review
- Capital One - 4.50% (min $5K) (4.75% 10yr) account review
- Pentagon Federal CU - 4.50% (min $1K), account review
- Discover Bank - 4.25% (min $2.5K) account review
- KeyDirect - 3.75% (min $5K) 4.00% w/chk, Not all states, account review
- Intervest - 3.67% (min $2.5K), account review
- Countrywide - 2.10% (min $10K), account review
- WaMu/Chase - 2.00% (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
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 - 2.26% 7-day yield
- Fidelity Money Market Fund - 1.96% 7-day yield (reviews on Fatwallet)
- TIAA-CREF Money Market Fund - 1.68% 7-day yeild
- Paypal Money Market Fund - 1.39% 7-day yield (1% cashback debit MasterCard)
- Vanguard Tax-Exempt Money Market Fund - 1.27% 7-day yield
- Fidelity Municipal Money Market Fund - 0.87% 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 Savings Account
Nationwide Savings Accounts
Related Posts
gaelicwench (anonymous) - #1, Saturday, January 3, 2009 - 4:53 PM
I've got a Rewards Checking at MidWest America FCU - one you had posted - that's offering 6.31%. Yes, it does have a cap, $25k, I believe. But this credit union hasn't been lowering their rates every time the Fed hiccups.
mister.virgo (anonymous) - #2, Saturday, January 3, 2009 - 5:11 PM
Ken,
Alliant Credit Union just sent me a paper letter announcing their new Free High Rate Checking that's paying 3% on any balance. All you need to do is switch to paperless e-statements and have one monthly direct deposit OR transfer funds from another institution each month. Another option is make a monthly ATM deposit. Those are pretty easy qualifications. I meet them without trying.
Anonymous - #3, Saturday, January 3, 2009 - 6:18 PM
My UFB direct traveler savings is still showing 3.93% APY when I login.
TsunamiCid (anonymous) - #4, Saturday, January 3, 2009 - 7:44 PM
If you're a New Yorker, I'd put all my money up to 25 grand in the rewards checking account (5.01%) at the Provident Bank. It's just a short bus ride through the Lincoln Tunnel.
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