Bank Deals Weekly Summary for January 10, 2009
Jan 10, 2009 - 6:10 PM by Ken Tumin
Quick Link for Rates, Recap of this week's posts
It was yet another tough week for savers as banks continue to slash rates. At least we know the Fed won't be cutting rates in its January 27th meeting since they can't go any lower. The US central bank isn't the only one slashing rates to new lows. The Bank of England just cut rates to a 315-year low (see FT.com article).
Savings Account Rates
One bit of good news this week was the find of a new internet bank, Clear Sky Accounts (see review). It's offering a no-minimum online savings account with a yield of 3.75% APY that's guaranteed to last through 3/31/09.
We still have two banks offering 4%+ savings accounts: Emigrant Bank's DollarSavingsDirect and Broadway Federal Bank. I wouldn't count on these lasting too much longer. DollarSavingsDirect cut its 16-month CD rate this week from 4% to 3.50% APY.
This week was yet another week of falling savings account rates. There were some major cuts. Doral slashed its savings account rate from 3.55% to 2.25% APY, and OnBank cut its savings account rate from 3.15% to 2.60% APY. Two past rate leaders reached new lows this week. WaMu/Chase cut its online savings account rate from 1.50% to 1.15% APY, and Countrywide/BofA cut its SavingsLink account rate from 1.90% to 1.65% APY.
Rate Hikes:
It's getting difficult to find 3% CDs with terms under one year and 4% CDs for any term at banks. The best rates continue to be at credit unions as they are not cutting rates as fast as the banks. Several federally insured credit unions continue to offer yields around 4.50% on 5-year CDs. Are these terms too long? I discuss the potential pros and cons in this 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 found several reward checking accounts available nationwide this week. The most unique one was Redneck Bank (see post). It pays 5.25% APY on balances up to $25K. The nice thing about this is that the account can be opened and funded entirely online. RedneckBank.com is actually the internet banking Division of Bank of the Wichitas. For those who don't feel comfortable banking at RedneckBank.com, the owner of Bank of the Wichitas also has two other banks offering the same online reward checking account. One is at Evantage Bank (see post) and the other is at AmericaNet Bank (see post).
Reward checking account rates have also been falling just like CD and savings account rates. I no longer have any 6% nationwide reward checking accounts in my nationwide list. Technically, Charter Bank still has 6.01% APY, but it's scheduled to fall to 5.01% starting February 2nd. The other bank that used to be on the list still offers 6.01% APY, but it appears they're now only accepting new applications from nearby states. This bank, Southern Missouri, appears to also be closing accounts of customers who are making too many small debit card purchases (see post). This is the same thing that happened at Citizens Bank Minnesota (see post).
With over 300 reward checking accounts, I've been having trouble keeping up with the rate cuts. 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 18 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 Jan 3rd, Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st and Oct 25th.
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 10, 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)
It was yet another tough week for savers as banks continue to slash rates. At least we know the Fed won't be cutting rates in its January 27th meeting since they can't go any lower. The US central bank isn't the only one slashing rates to new lows. The Bank of England just cut rates to a 315-year low (see FT.com article).
Savings Account Rates
One bit of good news this week was the find of a new internet bank, Clear Sky Accounts (see review). It's offering a no-minimum online savings account with a yield of 3.75% APY that's guaranteed to last through 3/31/09.
We still have two banks offering 4%+ savings accounts: Emigrant Bank's DollarSavingsDirect and Broadway Federal Bank. I wouldn't count on these lasting too much longer. DollarSavingsDirect cut its 16-month CD rate this week from 4% to 3.50% APY.
This week was yet another week of falling savings account rates. There were some major cuts. Doral slashed its savings account rate from 3.55% to 2.25% APY, and OnBank cut its savings account rate from 3.15% to 2.60% APY. Two past rate leaders reached new lows this week. WaMu/Chase cut its online savings account rate from 1.50% to 1.15% APY, and Countrywide/BofA cut its SavingsLink account rate from 1.90% to 1.65% APY.
Rate Hikes:
- Clear Sky Accounts - 3.75% (new)
- Union Federal Savings - 3.30% (was 3.60% as of 1/3)
- Corus MMA - 3.25% (was 3.50% as of 1/6)
- Bank of Internet MMSA - 3.06% (was 3.26% as of 1/3)
- Bank of Internet Chk - 3.00% (was 3.20% as of 1/3)
- M&T Bank e-MM - 2.25% (was 2.75% as of 1/3)
- Discover MMA - 2.25% $2.5K-$10K (was 2.75% as of 1/3)
- Countrywide SavingsLink - 1.65% $10K-$50K (was 1.90% as of 1/3)
- WaMu Online Savings - 1.15% (was 1.50% on 1/3)
- Doral Savings - 2.25% (was 3.55% on 1/3)
- OnBank MM - 2.60% (was 3.15% on 1/3)
- Capital One Savings - 2.64% (was 3.00% before 1/07)
- CapOne/Costco Savings - 2.75% (was 3.05% before 1/07)
- EmigrantDirect Savings - 2.50% (was 2.75% before 1/06)
- HSBC Savings - 2.60% (was 3.00%)
- HSBC OPA - 1.75% (was 2.25%)
It's getting difficult to find 3% CDs with terms under one year and 4% CDs for any term at banks. The best rates continue to be at credit unions as they are not cutting rates as fast as the banks. Several federally insured credit unions continue to offer yields around 4.50% on 5-year CDs. Are these terms too long? I discuss the potential pros and cons in this 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)
- 3.75% 12-mo CD at GMAC Bank (account review)
- 3.75% 24-mo CD at MetLife Bank (account review
- 4.25% 36-mo & 4.50% 48-mo CDs at Alliant CU (account review)
- 4.50% 60-mo CD at Pentagon FCU (account review)
- 4.75% 60-mo CD at Mountain America CU (account review)
- 5.10% 84-mo CD at Navy FCU (account review)
I found several reward checking accounts available nationwide this week. The most unique one was Redneck Bank (see post). It pays 5.25% APY on balances up to $25K. The nice thing about this is that the account can be opened and funded entirely online. RedneckBank.com is actually the internet banking Division of Bank of the Wichitas. For those who don't feel comfortable banking at RedneckBank.com, the owner of Bank of the Wichitas also has two other banks offering the same online reward checking account. One is at Evantage Bank (see post) and the other is at AmericaNet Bank (see post).
Reward checking account rates have also been falling just like CD and savings account rates. I no longer have any 6% nationwide reward checking accounts in my nationwide list. Technically, Charter Bank still has 6.01% APY, but it's scheduled to fall to 5.01% starting February 2nd. The other bank that used to be on the list still offers 6.01% APY, but it appears they're now only accepting new applications from nearby states. This bank, Southern Missouri, appears to also be closing accounts of customers who are making too many small debit card purchases (see post). This is the same thing that happened at Citizens Bank Minnesota (see post).
With over 300 reward checking accounts, I've been having trouble keeping up with the rate cuts. 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 18 offering at least 5%.
Recap for the Week - Links to This Week's Posts
Banking News
- OneUnited Highlighted in CNN Article on US Bailouts of Unsafe Banks
- Finding the Best Bank Rates and Deals #11
- Index of Resources to Find the Best Bank Deals
Savings/Checking Accounts - National
- Alliant Credit Union's Free High Rate Checking Account & Updates on its Savings Account, HSA and CDs
- New Internet Bank - Clear Sky - 3.75% Savings Account Guaranteed through 3/31/09
CD Deals - National
- 4.60% 60-Month CD & 4.10% 48-Month CD at Huntington Bank - RATE DROP
- 3.75% 24-Month CD at MetLife Bank - Nationally Available
- 3.75% 15-Month CD at Provident Credit Union in California - RATE DROP
- 3.75% 11-Month CD & 3.25% 4-Month CD at Digital Credit Union - EXPIRED
- 4.50% 60-Month CD at Acacia Federal Savings Bank - Nationally Available
- 4.50% 14-Month IRA CD at Apple Federal Credit Union - Easy Membership
Checking/Savings Account Bonuses
- $50 Checking Account Bonus Without Direct Deposit at TCF Bank
- $150 Checking Account Bonus Continues at NuVision Credit Union
Reward Checking Accounts
- 6.01% Reward Checking Account at Bank Iowa, Oskaloosa
- 5.51% Reward Checking Account at Bank Iowa, Altoona
- 4.01% Reward Checking Account at State Bank of The Lakes in Illinois
- 5.25% Reward Checking Account at AmericaNet Bank - Nationally Available
- 5.25% Reward Checking Account at Bank of the Wichitas (Redneck Bank)
- 4.00% Reward Checking Account at the Internet Bank CBDirect
CD and Money Market Deals - Local
- 4.75% 60-Month CD at Suffolk FCU in New York
- 4.06% 24-Month CD at Seaway Bank and Trust Company in Chicago
- 4.25% 60-Month CD at Valley Credit Union (now part of CEFCU) in California
- 4.00% 6-Month CD & 4.15% 13-Month CD at Alliance Bank in Kentucky - EXPIRED
- 4.30% 15-Month IRA CD at United Heritage Credit Union in Texas
- 4.00% 19-Month CD at Foster Bank in Chicago
- 4.00% CD for Terms from 18 to 35 Months at First Federal Savings Bank in PA
- 3.90% 15-Month CD at Bronco FCU in Virginia
- 4.50% 24-Month CD & 5.25% 60-Month CD at Family Horizons CU in Indiana
- 4.20% 6-Month CD and Other High Rates at Hanmi Bank in California
- 4.00% 30-Month CD at Qualtrust Credit Union in Texas
- 4.00% 9-Month CD, 4.10% 15-Month CD and Other CD Specials at Crescent Bank & Trust in Louisiana
- 4.20% 60-Month CD & 4.10% 48-Month CD at Meriwest Credit Union in CA & AZ
- 4.00% 24-Month CD & 3.75% 18-Month CD at Millennium Bank in Illinois
- 4.07% 12-Month CD at Energy Credit Union in Massachusetts
- 3.75% 17-Month CD at Colonial Bank in AL, GA, FL, TX & NV
- 4.00% 12-Month CD and a Special CD Ladder at America First Credit Union in Utah - EXPIRED
- 5.00% 60-Month CD at MBank in Oregon
- 4.17% 17-Month CD at South Jersey Federal Credit Union
- 3.75% 6-Month CD & 4.15% 18-Month CD at San Antonio FCU - EXPIRED
- 3.55% 7-Month CD & 3.75% 13-Month CD at Ocean Bank in South Florida
- 4.00% 14-Month CD at Phoenixville Federal Bank & Trust in PA - EXPIRED
- 4.01% 24-Month CD & 4.60% 60-Month CD at First Jersey Credit Union
- 3.75% 5-Month CD & 3.70% 13-Month CD at First Florida Credit Union
- 4.33% 13-, 23- and 33-Month CDs at Advance Financial FCU in Indiana
- 3.75% 10-Month CD & 3.90% 15-Month CD at Omni National Bank - 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 Jan 3rd, Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th, Nov 8th, Nov 1st and Oct 25th.
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 10, 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
- Clear Sky Accounts - 3.75% good thru 3/31/09 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
- Flagstar - 3.55% MMA, account review
- Bank of Internet - 3.51% (min $100) account review
- ShoreBank - 3.50%, account review
- Venture Bank Direct - 3.50%, account review
- CNB Bank Direct - 3.50% account review
- Century Bank Direct - 3.41% (min $100) account review
- Century Bank Direct - 3.35% Checking (min $100) account review
- Union Federal Savings - 3.30% account review
- SmartyPig - 3.25% (min $25) access restrictions, account review
- Provident Direct - 3.25%, account review
- Alliant Credit Union - 3.25% (min $100) account review
- GMAC Bank - 3.25% Savings account review
- Corus Bank - 3.25% MMA (min $10K) account review
- iGObanking - 3.08%, account review
- WTDirect - 3.06% ($10K min), account review
- Bank of Internet - 3.06% MMA (min $100) account review
- Imperial Capital - 3.05% Checking (min $1K) account review
- ETrade Bank - 3.01%, post ($25 bonus)
- Provident Bank Online - 3.00% (min $10) account review
- Imperial Capital - 3.00% MMA ($2.5K min) (3.75% for $100K+) account review
- Amegy Bank - 3.00% (min $10K) account review
- National City/PNC - 3.00% (min $5K), 6 mo promo, Not all states, account review
- OneUnited - 3.00% (min $1K), account review
- Bank of Internet - 3.00% Checking (min $5K) 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
- AmboyDirect - 2.79% (Premium Savings) post ($25 bonus)
- Amboy Direct - 2.79% (min $3K) (eSavings) account review ($50 bonus)
- grand yield direct - 2.75% (min $2.5K) account review
- GCF Bank - 2.75% (min $100), 3-mo promo, account review
- GMAC Bank - 2.75% MMA account review
- UmbrellaBank - 2.75% MMA (min $1K), account review
- CapitalOne/Costco - 2.75% Savings (min $10K, Costco members only, $60 deal for exec. members)
- Indymac Federal Bank - 2.70% (min $1K) (2.70% for $25K+) account review
- Capital One - 2.64% (Savings) (min $10K) account review
- HSBC Direct - 2.60% account review
- OnBank - 2.60%, account review
- Heartland Bank Direct - 2.55% ($500 min), account review
- Mutual Bank - 2.50% MMA (min $5K), account review
- ING Direct - 2.50%, (0.50% checking), post ($25 bonus)
- Citibank - 2.50% (Ultimate Savings) account review
- EmigrantDirect - 2.50%, 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
- Discover Bank - 2.25% MMA (min $2.5K) (2.75% for $50K+) account review
- M&T Bank - 2.25%, account review
- Doral Bank Direct - 2.25% (min $1K) account review
- Capital One - 2.10% MMA, account review
- UFB Direct - 2.00%, Travelers Savings (min $500) account review
- AARP Financial Savings Center - 2.00%, AARP membership req, account review
- UnivestDirect - 2.00%, (0.75% checking), account review
- Transportation Alliance Bank - 2.00%, ($25 min), account review
- UFB Direct - 2.00% MMA (min $2K)
- E-LOAN - 1.91% ($5K min), account review
- AmTrustDirect - 1.75% ($500 min) NEW e-Money Market (2.75% $10K+) account review
- iGObanking - 1.75%, Checking account review ($50 bonus)
- Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
- ETrade Bank - 1.50% Checking (min $5K) account review
- Bank of America NEA - 1.35% MMA ($500 min) (1.40% for $50K+) account review
- Bank of America DoW - 1.30% MMA (min $5K), account review
- WaMu/Chase - 1.15% (requires checking), 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:
- Nationwide Bank - 2.50% (min $500) account review
- UmbrellaBank - 2.50% (min $1K) account review
- H&R Block Bank - 2.50% (min $250) account review
- ebank - 2.50% (min $1K)
- Imperial Capital - 2.40%, ($2K min), account review
- GMAC Bank - 2.30% (min $500), account review
- UFB Direct - 2.25% (min $8K)
- EverBank - 2.15% ($1.5K min) account review
- VirtualBank - 1.66% (min $10K), account review
- E-LOAN - 1.60% ($10K min), account review
- ETrade Bank - 1.15% (min $1K), account review
- Bank of America DoW - 1.02% (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
- Northrop Grumman FCU - 3.39% (min $40K), account review
- Millennium Bank in VA - 3.00% (min $5K) account review
- Nationwide Bank - 3.00% (min $500) account review
- Ascencia Bank - 2.95% (min $500), account review
- GMAC Bank - 2.95% (min $500), account review
- Imperial Capital - 2.95% ($2K min), account review
- Century Bank Direct - 2.91% (5 mo) (min $1K) account review
- Clear Sky Accounts - 2.89% (7-mo) (min $5K) account review
- La Jolla Bank - 2.85% (min $10K), account review
- FirstFedDirect - 2.78% (min $10K), account review
- UmbrellaBank - 2.75% (min $1K) account review
- Excel National Bank - 2.75% (min $10K) account review
- EverBank - 2.75% ($1.5K min) account review
- Tennessee Commerce Bank - 2.75% (min $5K)
- Corus Bank - 2.75% (min $10K) account review
- IndyMac Federal Bank - 2.55% (min $5K) account review
- ebank - 2.55% (min $1K)
- State Bank of India - 2.52% (min $5K) account review
- BankUnited - 2.50% (min $5K) account review
- Doral Bank Direct - 2.50% (min $1K) account review
- HSBC Direct - 2.35% (min $10) account review
- Flagstar - 2.26% (min $500), account review
- VirtualBank - 2.22% (min $10K), account review
- E-LOAN - 2.20% ($10K min), account review
- Greystone Bank - 2.05% (min $50K) account review
- Bank of America DoW - 2.05% (min $1K) account review
- ING Direct - 2.00%, account review
- FNBO Direct - 2.00% (min $500) 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
- Capital One - 1.50% (min $5K) account review
- ETrade Bank - 1.45% (min $1K), account review
- ISN Bank - 1.01% (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
- MetLife Bank - 3.15% (min $50K) account review
- Academy Bank - 3.00% (min $500), account review
- Millennium Bank in VA - 3.00% (min $5K) account review
- Century Bank Direct - 2.96% (10 mo) (min $1K) account review
- GMAC Bank - 2.95% (min $500), account review
- Imperial Capital - 2.95% ($2K min), account review
- FirstFedDirect - 2.85% (min $10K) account review
- Indymac Federal Bank - 2.75% (10-mo) (min $5K) account review
- EverBank - 2.75% ($1.5K min) account review
- UmbrellaBank - 2.75% (min $1K) account review
- Doral Bank Direct - 2.75% (min $1K) account review
- ebank - 2.60% (min $1K) account review
- Fifth Third - 2.50% (min $5K), Not all states, account review
- E-LOAN - 2.35% ($10K min), account review
- VirtualBank - 2.28% (min $10K), account review
- Bank of Internet - 2.28% (min $1K) account review
- ING Direct - 2.25% account review
- iGobanking - 2.00% new money (min $1K) account review
- Citibank - 1.75% (min $500)
- WaMu/Chase - 1.75% (8 mo) (min $1K), account review
- 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
- GMAC Bank - 3.75% (min $500), account review
- Earthstar Bank - 3.70% (min $500) account review
- Credit Union of Georgia - 3.66% (min $50K), account review
- Alliant Credit Union - 3.65% (min $25K) account review
- Melrose CU - 3.65% (min $5K) account review
- Imperial Capital - 3.60% ($2K min), account review
- Nationwide Bank - 3.50% (min $500) account review
- UmbrellaBank - 3.45% (min $1K) account review
- Northrop Grumman FCU - 3.42% (min $40K), account review
- Provident CU - 3.35% (min $1K) req chk, account review
- Clear Sky Accounts - 3.30% (13-mo) (min $5K) account review
- Pacific Mercantile Bank - 3.28% (min $10K) account review
- Mountain America CU - 3.25% (min $1K) account review
- NASA FCU - 3.25% (15 mo) ($1K min) account review
- Corus Bank - 3.25% (min $10K) account review
- Flagstar - 3.25% (min $500), account review
- Navy FCU - 3.15% ($20K min) restrictions to membership, account review
- Tennessee Commerce Bank - 3.15% (min $5K)
- Century Bank Direct - 3.06% (15 mo) (min $1K) account review
- FirstFedDirect - 3.05%, (min $10K) account review
- EverBank - 3.05% ($1.5K min) account review
- La Jolla Bank - 3.05% (min $10K), account review
- State Bank of India - 3.03% (min $5K) account review
- Academy Bank - 3.00% (min $500), account review
- Advanta Bank - 3.00% (min $10K), account review
- Mutual Bank - 3.00% (min $2.5K) account review
- ebank - 3.00% (min $1K)
- Ascencia Bank - 2.95% (min $500), account review
- Indymac Federal Bank - 2.90% (min $5K) account review
- Bank of Internet - 2.79% (min $1K) account review
- E-LOAN - 2.76% ($10K min), account review
- ING Direct - 2.75% account review
- Geauga Savings Bank - 2.75% (min $1K) account review
- Fifth Third - 2.75% (13 mo) (min $5K), Not all states, account review
- FNBO Direct - 2.51% (min $500) account review
- Discover Bank - 2.50% (min $2.5K) account review
- iGobanking - 2.25% new money (15 mo) (min $500), account review
- KeyDirect - 2.25% (11mo) (min $5K), 2.50% w/chk, Not all states, account review
- Wachovia - 2.00% (14-mo) 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
- Alliant Credit Union - 3.65% (min $25K) account review
- Consumers CU - 3.50% (16-mo) (min $250) (3.75% $100K+) account review
- Mutual Bank - 3.50% (16 mo) (min $2.5K) account review
- Dollar Savings Direct - 3.50% (16-mo) (min $1K) account review
- Clear Sky Accounts - 3.40% (19-mo) (min $5K) account review
- UmbrellaBank - 3.25% (min $1K), account review
- Doral Bank Direct - 3.25% (min $1K) account review
- GMAC Bank - 3.20% (min $500) account review
- Century Bank Direct - 3.16% (20 mo) (min $1K) account review
- Advanta Bank - 3.15% (min $10K), account review
- Tennessee Commerce Bank - 3.15% (min $5K)
- USA FCU - 3.10% (min $1K) account review
- EverBank - 3.05% ($1.5K min) account review
- Heritage Bank - 3.00% (min $5K) account review
- Intervest - 2.95% (min $2.5K), account review
- E-LOAN - 2.90% ($10K min) account review
- VirtualBank - 2.79% (min $10K), account review
- ING Direct - 2.75%, account review
- Greystone Bank - 2.73% (min $50K) account review
- Discover Bank - 2.50% (min $2.5K), account review
- Capital One - 2.50% (min $5K) account review
- Flagstar - 2.45% (min $500), account review
- OnBank - 2.10% (min $500), account review
24-Month Certificates of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Credit Union of Georgia - 3.87% (min $50K), account review
- Alliant Credit Union - 3.80% (min $25K) account review
- Melrose CU - 3.80% (min $5K) account review
- Consumers CU - 3.75% (22-mo) (min $250) (4.00% $100K+) account review
- MetLife Bank - 3.75% (min $25K) account review
- Nationwide Bank - 3.60% (min $500) account review
- Mountain America CU - 3.51% (min $1K) account review
- GMAC Bank - 3.40% (min $500) account review
- Advanta Bank - 3.30% (min $10K), account review
- Tennessee Commerce Bank - 3.25% (min $5K)
- FNBO Direct - 3.25% (min $500) account review
- State Bank of India - 3.14% (min $5K) account review
- Fifth Third - 3.10% (min $5K) not all states, account review
- Intervest - 3.05% (min $2.5K), account review
- 1st Source Bank - 3.00% (min $5K) account review
- E-LOAN - 3.00% ($10K min) account review
- Capital One - 3.00% (min $5K) (3.10% $100K+) account review
- KeyDirect - 3.00% (29 mo) (min $5K), 3.25% w/chk, Not all states, account review
- Discover Bank - 2.75% (min $2.5K) account review
- KeyDirect - 2.25% (min $5K), 2.50% w/chk, Not all states, 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
- Pentagon Federal CU - 4.00% (min $1K), account review
- Melrose CU - 3.96% (min $5K) account review
- Western FCU - 3.95% (min $40K), account review
- Acacia Federal Savings Bank - 3.85% (min $500)
- Mountain America CU - 3.75% (min $1K) account review
- Nationwide Bank - 3.60% (min $500) account review
- Northrop Grumman FCU - 3.54% (min $40K), account review
- Advanta Bank - 3.50% (min $10K), account review
- GMAC Bank - 3.40% (min $500) account review
- State Bank of India - 3.34% (min $5K) account review
- Tennessee Commerce Bank - 3.30% (min $5K)
- 1st Source Bank - 3.25% (min $500) account review
- Agriculture FCU - 3.25% (min $1K) account review
- KeyDirect - 3.25% (min $5K), 3.50% w/chk, Not all states, account review
- Discover Bank - 3.25% (min $2.5K) account review
- Capital One - 3.25% (min $5K) (3.40% $100K+) account review
- Fifth Third - 3.15% (37 mo) (min $5K) Not all states account review
- Intervest - 3.15% (min $2.5K), account review
- E-LOAN - 3.05% ($10K min) account review
- NewDominion Bank - 3.00% (min $3K) account review
- Bank of Internet - 2.79% (min $1K) account review
- Flagstar - 2.66% (min $500), account review
48-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Alliant Credit Union - 4.50% (min $25K) account review
- Mountain America CU - 4.25% (min $1K) account review
- Pentagon Federal CU - 4.25% (min $1K), account review
- Melrose CU - 4.11% (min $5K) account review
- National City/PNC - 4.10% (min $25K), account review
- Acacia Federal Savings Bank - 4.10% (min $500)
- Western FCU - 4.09% (min $40K), account review
- Patelco CU - 4.07% ($1K min), account review
- Flagstar - 4.01% (min $500), account review
- USA FCU - 3.75% (min $1K) account review
- Advanta Bank - 3.70% (min $10K), account review
- Nationwide Bank - 3.60% (min $500) account review
- Discover Bank - 3.51% (min $2.5K) account review
- 1st Source Bank - 3.50% (min $500) account review
- Third Federal - 3.50% (min $500) account review
- KeyDirect - 3.50% (min $5K), 3.75% w/chk, Not all states, account review
- National Bank of KC - 3.50% (min $10K) account review
- Capital One - 3.50% (min $5K) (3.60% $100K+) account review
- GMAC Bank - 3.40% (min $500) account review
- Intervest - 3.35% (min $2.5K), account review
- Tennessee Commerce Bank - 3.35% (min $5K)
- E-LOAN - 3.15% ($10K min) account review
60-Month Certificate of Deposit:
- Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
- Mountain America CU - 4.75% (min $1K) account review
- Apple FCU - 4.60% (min $50K) account review
- Pentagon Federal CU - 4.50% (min $1K), account review
- Alliant Credit Union - 4.50% (min $25K) account review
- Acacia Federal Savings Bank - 4.50% (min $500) account review
- Consumers CU - 4.50% (59-mo) (min $250) (4.75% $100K+) account review
- USA FCU - 4.50% (min $1K) (4.65% $100K+) 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
- Credit Union of Georgia - 4.33% (min $50K), account review
- National City/PNC - 4.30% (min $25K), account review
- Western FCU - 4.28% (min $40K) account review
- Telcom Credit Union - 4.25% (min $500) account review
- Patelco CU - 4.07% ($1K min), account review
- University FCU - 4.00% (min $2.5K), account review
- Salem Five Bank - 4.00% (min $10K), account review
- WaMu/Chase - 4.00% (min $1K) account review
- Mutual Bank - 3.99% (min $2.5K) account review
- 1st Source Bank - 3.95% (min $500) account review
- EverBank - 3.90% ($1.5K min) account review
- Agriculture FCU - 3.85% (min $1K), account review
- Advanta Bank - 3.85% (min $10K), account review
- Flagstar - 3.76% (min $500), account review
- Delta Community CU - 3.75% (min $1K) account review
- Third Federal - 3.75% (min $500) account review
- KeyDirect - 3.75% (min $5K), 4.00% w/chk, Not all states, account review
- GMAC Bank - 3.75% (min $500) account review
- Discover Bank - 3.75% (min $2.5K) account review
- Capital One - 3.75% (min $5K) (3.85% $100K+) account review
- Intervest - 3.66% (min $2.5K), account review
- State Bank of India - 3.65% (min $5K) account review
- Nationwide Bank - 3.60% (min $500) account review
- E-LOAN - 3.31% ($10K min) 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
- Pentagon Federal CU - 4.50% (min $1K), account review
- Capital One/Costco - 4.05% (min $5K) account review
- Discover Bank - 4.00% (min $2.5K) account review
- Capital One - 4.00% (min $5K) (4.25% 10yr) 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 - 3.00% rate for $50k+
- Vanguard Prime Money Market Fund - 2.14% 7-day yield
- Fidelity Money Market Fund - 1.81% 7-day yield (reviews on Fatwallet)
- TIAA-CREF Money Market Fund - 1.60% 7-day yeild
- Paypal Money Market Fund - 1.18% 7-day yield (1% cashback debit MasterCard)
- Vanguard Tax-Exempt Money Market Fund - 0.94% 7-day yield
- Fidelity Municipal Money Market Fund - 0.54% 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
srockgibson (anonymous) - #1, Sunday, January 11, 2009 - 8:17 AM
Pentagon Federal is currently giving a 0.25% rate bonus for renewal/reinvestment of any PenFed CD that is maturing in January 2009
Anonymous - #2, Sunday, January 11, 2009 - 11:17 AM
We received a flyer in the mail from CapitalOne Direct Banking, Friday, January 9th, offering a 5year CD with a APY of 5.00% and a 7year CD/APY of 5.25%.
Don't know if being a current customer and CD holder have anything to do with their special offer or not.
Anonymous - #3, Monday, January 12, 2009 - 8:43 AM
To Anonymous 9:17 AM, January 11, 2009.
I was definitely going to jump on this offer of a 5 year CD at 5.00%. I called the bank today and the rate is now 3.75%. Not even an established customer can get the 5.00% rate the CRS told me. It sounded too good to be true. Rates are falling fast!
Anonymous - #4, Monday, January 12, 2009 - 2:02 PM
I was the person that received the flyer on January 9th. I know rates are dropping fast, but on January 12th those rates are no longer available? Just three days after receiving the notice in the mail? Something stinks with CapitalOne Direct Banking's marketing system.
Sorry for the bad info and your disappointment, but I just reported the info as I received it.
Banking Guy (anonymous) - #5, Monday, January 12, 2009 - 5:04 PM
Thanks for posting. It's another sign of how fast rates are falling.
eislamic banking (anonymous) - #6, Monday, January 12, 2009 - 9:24 PM
your posting helpfull me
thank
Anonymous - #7, Wednesday, January 14, 2009 - 1:17 AM
The rate drop for municipal money funds was much bigger than that. In a matter of a month, rates went down from 5 to 1%. This wide swing was all due to the financial crisis that began back in September. If anyone had invested in Federal Securities Bond Funds, you probably made a bit of money at the end of last year. But with rates this low, you better sell soon and collect your gains.
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