Bank Deals Weekly Summary for January 17, 2009

Hot Deals, Quick Link for Rates, Recap of this week's posts

The economy continues to weaken. Higher unemployment will lead to more consumers falling behind on their mortgages and other loan payments which will continue to put stress on banks. Two mega-banks under stress last week were Bank of America and Citibank which reported bigger-than-expected losses for the last quarter. The week ended with two bank failures (see post). Both were small banks, but it's an ominous sign for 2009. The first two-bank-failure Friday in 2008 didn't occur until July.

One bit of good news this year for savers is the new House legislation to amend the TARP. A little provision of this bill is to permanently make the basic FDIC/NCUA deposit insurance limit at $250,000. The original TARP made the $250,000 limit temporary. It's still scheduled to fall back to $100,000 at the end of the year. We'll have to see if this bill passes with this new limit (see post).

Savings Account Rates

The good news is that we still have two banks offering 4%+ savings accounts: Emigrant Bank's DollarSavingsDirect (see review) and Broadway Federal Bank (see review). Plus, we have the new internet bank, Clear Sky Accounts, offering 3.75% APY which is guaranteed to last through 3/31/2009 (see review).

The bad news is that rates overall continue to fall. Several online banks slashed rates. The biggest disappointment was OnBank which cut its savings account rate from 2.60% to 1.90% APY. Below is the long list of rate cuts for last week.

Rate Hikes:

1. Rainier Pacific MMA - 2.75% (was 2.50%)

Rate Drops:

1. Union Federal Savings - 3.10% (was 3.30%)
2. Imperial Capital iChecking - 2.90% (was 3.05%)
3. Imperial Capital iMMA - 2.90% to 3.40% (was 3.00% to 3.70%)
4. Amegy Bank MMA - 2.90% (was 3.00%)
5. National City MMA 6mo intro - 2.50% (was 3%)
6. Bank of Internet Checking - 2.80% (was 3%)
7. Nationwide MMA - 2.79% (was 2.97%)
8. Zions MMA - 2.79% (was 2.84%)
9. IndyMac MMA - 2.60% (was 2.70%)
10. ELOAN Savings Plus - 2.30% 10K (was 2.40%)
11. Discover MMA - 2.15% $2.5K (was 2.25%)
12. M&T Bank eMMA - 1.75% (was 2.25%)
13. Venture Bank Direct Savings - 3.30% (was 3.50%)
14. OnBank - 1.90% (was 2.60%)
15. Amboy Premium & eSavings - 2.53% (was 2.79%)
16. GMAC - 3% OSA, 2.5% MMA, 3.5% 12mo CD (was 3.25%, 2.75%, 3.75%)
17. Savings Square - 3.30% (was 3.60%)
18. Flagstar MMA - 3.00% (was 3.55%)
19. BankUnited Savings - 3.00% (was 3.55%)
20. SalemFiveDirect - 2.00% to 2.50% (was 2.25% to 2.75%)
21. Imperial Capital MMA - 3.25% $50K+, 3.70% $100K+ (was 3.40%, 3.75%)
22. Corus - 3% MMA, 3% 12-mo CD (were 3.25%)
23. Century Bank Direct - 3.05% Chk, 3.31% Sav, 3.32% MMA (was 3.35%, 3.41%, 3.57%)

Nationwide Certificate of Deposit Rates

I'm afraid CD rates are falling even more than savings account rates. A yield of 3.50% is now very competitive for a 1-year CD. GMAC Bank reduced its 1-year CD yield yesterday from 3.75% to 3.50% APY. Another well-known internet bank, UmbrellaBank, is also offering a 3.50% APY 12-month CD.

On Friday a reader informed me about First Command Bank which is offering two excellent CD rates: 3.75% APY for 6 months and 4.00% APY for 12 months. Accounts can be opened online by people in any state. Another plus with this bank is its strong ratings for safety and soundness. One downside is that they don't lock the rate until they receive the funds (see review).

Refer to the list below for a few of the best nationwide CD deals as of 1/17/09. The full list of nationwide CD rates is farther down.

1. 4.00% 7-mo CD at America's CU (account review)
2. 3.75% 6-mo CD at First Command Bank (account review)
3. 3.75% 6-mo CD at Navy FCU (account review)
4. 4.05% 13-mo CD at Western FCU (account review)
5. 4.00% 12-mo CD at First Command Bank (account review)
6. 3.96% 12-mo & 4.56% 60-mo CD at NGFCU (account review)
7. 3.75% 24-mo CD at MetLife Bank (account review)
8. 4% 36-mo, 4.25% 48-mo, 4.50% 60-mo CD at Pentagon FCU (account review)
9. 4.75% 60-mo CD at Mountain America CU (account review)
10. 5.10% 84-mo CD at Navy FCU (account review)

There are several hot local CD deals around the nation. To find the best of these, refer to my hot local deals list which is in my Daily Deals & News post.

Reward Checking Accounts

I posted on four new reward checking accounts this week. Rates range from 4.01% to 5.01% APY, and all are only locally available. The best nationally available reward checking account continues to be at Bank of Blue Valley. The account pays 5.51% APY for up to $25K, and this has been offered since May 2007 (see review). The second best is at AmericanNet Bank and its 2 sister banks which offer 5.25% APY for the first $25K (see review). I wouldn't expect these 5%+ rates to continue through 2009, but based on the history of the reward checking accounts over the last two years, it seems likely their rates will remain significantly higher than online savings account rates.

For my full list of reward checking accounts around the nation, please refer to my High Yield Checking website. For reward checking accounts available nationally, please refer to my nationwide table.

Recap for the Week - Links to This Week's Posts

Banking News

• 2nd Bank Failure of 2009: Bank of Clark County in Washington State
• First Bank Failure of 2009: National Bank of Commerce in Illinois
• Sign that Rates are Falling Fast
• House Bill Seeks to Make Permanent the $250K Deposit Insurance Limit

Savings/Checking Accounts - National

• Review of PNC Bank's Virtual Wallet, Checking/Savings Account

CD Deals - National

• 4.00% 12-Month CD & 3.75% 6-Month CD at First Command Bank - Nationally Available
• UmbrellaBank Raises CD Rates & Update on its Money Market Account - Nationally Available
• 3.75% 6-Month CD & 5.10% 84-Month CD Continue at Navy Federal Credit Union
• 3.96% 12-Month CD at Northrop Grumman FCU - Easy Membership
• 4.50% 48-Month CD & 4.25% 36-Month CD at Alliant Credit Union - RATE DROP
• 3.75% 12-Month CD at GMAC Bank - RATE DROP

Checking/Savings Account Bonuses

• $150 Checking Account Bonus at Compass Bank (available in AL, AZ, CO, FL, NM & TX)
• $101 Checking Account Bonus at Signal Financial Federal Credit Union in DC
• $75 Checking Account/Direct Deposit Bonus at PNC Bank

Reward Checking Accounts

• 4.07% Reward Checking Account at ELGA Credit Union in Michigan
• 5.01% Reward Checking Account at Campus Federal in Louisiana
• 4.01% Reward Checking Account at CINCO Credit Union in Ohio
• 5.01% Reward Checking Account at Warren Federal Credit Union in Wyoming

CD and Money Market Deals - Local

• 4.00% 7-Month CD & 4.00% 18-Month CD at One Georgia Bank - Atlanta Area Only
• 3.61% 15-Month CD & 3.45% 9-Month CD at FAA Credit Union in Oklahoma
• 3.75% 24-Month CD at Austin Telco Federal Credit Union
• 4.50% 60-Month CD & 3.75% 24-Month CD at PSECU in Pennsylvania
• 3.50% 13-Month CD at SC Telco Federal Credit Union in South Carolina - Easy Membership
• 5.00% 60-Month CD & 3.75% 10-Month CD at Tri-Co FCU in New Jersey
• 4.00% 24-Month CD & 3.80% 12-Month CD at Community Bank of Nevada
• 4.00% 24-Month CD at Warren FCU in Wyoming
• 3.97% 12-Month CD at Pinal County FCU in Arizona
• 3.92% 12-Month CD at Baptist Credit Union in Texas
• 3.52% 18-Month CD at Neighborhood National Bank in California
• 3.90% 19-Month CD & 4.00% 30-Month CD at Riverside Bank in Florida
• 5.00% 15-Month $10K-Max CD at United Consumers Credit Union in Missouri
• 4.50% 5-Month CD in Brewery Credit Union in Wisconsin
• 3.80% 15-Month CD at Co-op Services CU in Michigan - Easy Membership
• 4.75% 60-Month CD & 4.00% 36-Month CD at Ponce De Leon Federal Bank in New York City
• 3.45% 11-Month CD at First Commercial Bank of Florida - EXPIRED
• 3.75% 15-Month CD & 3.60% 10-Month CD at Jefferson Bank & Trust in Missouri
• 3.90% 13-Month CD & 3.75% 8-Month CD at Peoples First Community Bank in Florida
• 3.25% 9-Month Internet CD at Hyde Park Savings Bank for MA Residents
• 4.50% 5-Year CD and Other High CD Rates at Resource One Credit Union in Texas
• 4.00% 9 & 12-Month CD and Other Specials at an Amboy Bank Branch in New Jersey

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 10th, Jan 3rd, Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th, Nov 8th and Nov 1st.

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 17, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.31%

• 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
• Clear Sky Accounts - 3.75% good thru 3/31/09 account review
• 1st Constitution Direct - 3.75% (min $100), 3 mo promo, account review
• Bank of Internet - 3.51% (min $100) account review
• CNB Bank Direct - 3.50% account review
• ShoreBank - 3.50%, account review
• Century Bank Direct - 3.32% MMA (min $1K) account review
• Century Bank Direct - 3.31% (min $100) account review
• Venture Bank Direct - 3.30%, account review
• Savings Square - 3.30%, account review
• Alliant Credit Union - 3.25% (min $100) account review
• Provident Direct - 3.25%, account review
• SmartyPig - 3.25% (min $25) access restrictions, account review
• Union Federal Savings - 3.10% account review
• iGObanking - 3.08%, account review
• Bank of Internet - 3.06% MMA (min $100) account review
• WTDirect - 3.06% ($10K min), account review
• Century Bank Direct - 3.05% Checking (min $100) account review
• ETrade Bank - 3.01%, post ($25 bonus)
• OneUnited - 3.00% (min $1K), account review
• Provident Bank Online - 3.00% (min $10) account review
• Corus Bank - 3.00% MMA (min $10K) account review
• GMAC Bank - 3.00% Savings account review
• Flagstar - 3.00% MMA, account review
• BankUnited - 3.00% (min $5K), account review
• EverBank - 2.96% MMA ($1.5K min) account review
• Amegy Bank - 2.90% (min $10K) account review
• Imperial Capital - 2.90% MMA ($2.5K min) (3.40% for $100K+) account review
• Imperial Capital - 2.90% Checking (min $1K) account review
• FNBO Direct - 2.80%, account review
• Bank of Internet - 2.80% Checking (min $5K) account review
• Zions Bank - 2.79% MMA, outside of Utah, (min $2.5K) account review
• Nationwide Bank - 2.79% MMA (min $1K) account review
• Rainier Pacific - 2.75% MMA, account review
• CapitalOne/Costco - 2.75% Savings (min $10K, Costco members only, $60 deal for exec. members)
• UmbrellaBank - 2.75% MMA (min $1K), account review
• GCF Bank - 2.75% (min $100), 3-mo promo, account review
• grand yield direct - 2.75% (min $2.5K) account review
• Capital One - 2.64% (Savings) (min $10K) account review
• HSBC Direct - 2.60% account review
• Indymac Federal Bank - 2.60% (min $1K) (2.70% for $25K+) account review
• Heartland Bank Direct - 2.55% ($500 min), account review
• Amboy Direct - 2.53% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 2.53% (Premium Savings) post ($25 bonus)
• EmigrantDirect - 2.50%, 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
• GMAC Bank - 2.50% MMA account review
• National City/PNC - 2.50% (min $5K), 6 mo promo, Not all states, account review
• CapitalOne/Costco - 2.35% MMA (min $1K, Costco members only, $60 deal for exec. members)
• E-LOAN - 2.30% Savings Plus ($10K min) (2.50% for $50K+) account review
• Doral Bank Direct - 2.25% (min $1K) account review
• Discover Bank - 2.15% MMA (min $2.5K) (2.66% for $50K+) account review
• Capital One - 2.10% MMA, account review
• UFB Direct - 2.00% MMA (min $2K)
• 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
• Salem Five Direct - 2.00% Checking (2.50% $100K+), account review
• E-LOAN - 1.91% ($5K min), account review
• OnBank - 1.90%, account review
• iGObanking - 1.75%, Checking account review ($50 bonus)
• AmTrustDirect - 1.75% ($500 min) NEW e-Money Market (2.75% $10K+) account review
• M&T Bank - 1.75%, account review
• 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:

• ebank - 2.50% (min $1K)
• H&R Block Bank - 2.50% (min $250) account review
• UmbrellaBank - 2.50% (min $1K) account review
• Imperial Capital - 2.30%, ($2K min), account review
• UFB Direct - 2.25% (min $8K)
• Nationwide Bank - 2.15% (min $500) account review
• GMAC Bank - 2.10% (min $500), account review
• EverBank - 2.00% ($1.5K min) account review
• VirtualBank - 1.66% (min $10K), account review
• E-LOAN - 1.60% ($10K min), account review
• ETrade Bank - 0.85% (min $1K), account review
• Bank of America DoW - 0.75% (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
• First Command Bank - 3.75% (min $10K) account review
• Earthstar Bank - 3.45% (min $500) account review
• Northrop Grumman FCU - 3.42% (min $40K), account review
• Ascencia Bank - 2.95% (min $500), account review
• Century Bank Direct - 2.91% (5 mo) (min $1K) account review
• Clear Sky Accounts - 2.89% (7-mo) (min $5K) account review
• Flagstar - 2.86% (min $500), account review
• La Jolla Bank - 2.85% (min $10K), account review
• FirstFedDirect - 2.78% (min $10K), account review
• Corus Bank - 2.75% (min $10K) account review
• Excel National Bank - 2.75% (min $10K) account review
• UmbrellaBank - 2.75% (min $1K) account review
• GMAC Bank - 2.75% (min $500), account review
• Tennessee Commerce Bank - 2.70% (min $5K)
• Imperial Capital - 2.65% ($2K min), account review
• Nationwide Bank - 2.60% (min $500) account review
• ebank - 2.55% (min $1K)
• State Bank of India - 2.52% (min $5K) account review
• BankUnited - 2.50% (min $5K) account review
• EverBank - 2.50% ($1.5K min) account review
• Millennium Bank in VA - 2.40% (min $5K) account review
• Citibank - 2.25% (7-mo) (min $500) account review
• HSBC Direct - 2.25% (min $10) account review
• IndyMac Federal Bank - 2.25% (min $5K) account review
• VirtualBank - 2.22% (min $10K), account review
• E-LOAN - 2.20% ($10K min), account review
• Bank of America DoW - 2.05% (min $1K) account review
• FNBO Direct - 2.00% (min $500) account review
• ING Direct - 2.00%, account review
• Greystone Bank - 2.00% (min $50K) account review
• Doral Bank Direct - 2.00% (min $1K) account review
• Zions Bank - 1.66% (min $1K) account review
• Bank of America - 1.65% (7-mo) (min $5K) account review
• Capital One - 1.50% (min $5K) account review
• ETrade Bank - 1.20% (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
• Consumers CU - 3.00% (min $250) (3.25% $100K+) account review
• Century Bank Direct - 2.96% (10 mo) (min $1K) account review
• FirstFedDirect - 2.85% (min $10K) account review
• AmTrustDirect - 2.75% (min $1K) account review
• UmbrellaBank - 2.75% (min $1K) account review
• MetLife Bank - 2.65% (min $50K) account review
• ebank - 2.60% (min $1K) account review
• Fifth Third - 2.50% (min $5K), Not all states, account review
• Doral Bank Direct - 2.50% (min $1K) account review
• EverBank - 2.50% ($1.5K min) account review
• Imperial Capital - 2.50% ($2K min), account review
• GMAC Bank - 2.50% (min $500), account review
• Millennium Bank in VA - 2.50% (min $5K) account review
• E-LOAN - 2.35% ($10K min), account review
• Indymac Federal Bank - 2.30% (10-mo) (min $5K) account review
• Bank of Internet - 2.28% (min $1K) account review
• VirtualBank - 2.28% (min $10K), account review
• ING Direct - 2.25% account review
• Academy Bank - 2.25% (min $500), account review
• iGobanking - 2.00% (min $1K) account review
• Citibank - 1.60% (min $500)
• WaMu/Chase - 1.50% (8 mo) (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
• First Command Bank - 4.00% (min $10K) account review
• Northrop Grumman FCU - 3.96% (min $40K), account review
• Earthstar Bank - 3.70% (min $500) account review
• Melrose CU - 3.65% (min $5K) account review
• UmbrellaBank - 3.50% (min $1K) account review
• GMAC Bank - 3.50% (min $500), account review
• Credit Union of Georgia - 3.45% (min $50K), account review
• Alliant Credit Union - 3.40% (min $25K) account review
• Provident CU - 3.35% (min $1K) req chk, account review
• Clear Sky Accounts - 3.30% (13-mo) (min $5K) account review
• Flagstar - 3.25% (min $500), account review
• NASA FCU - 3.25% (15 mo) ($1K min) account review
• Mountain America CU - 3.25% (min $1K) account review
• National Bank of KC - 3.25% (13 mo) (min $10K) account review
• Nationwide Bank - 3.10% (min $500) account review
• Century Bank Direct - 3.06% (15 mo) (min $1K) account review
• La Jolla Bank - 3.05% (min $10K), account review
• FirstFedDirect - 3.05%, (min $10K) account review
• Tennessee Commerce Bank - 3.05% (min $5K)
• Pacific Mercantile Bank - 3.05% (min $10K) account review
• State Bank of India - 3.03% (min $5K) account review
• ebank - 3.00% (min $1K)
• Mutual Bank - 3.00% (min $2.5K) account review
• Corus Bank - 3.00% (min $10K) account review
• Ascencia Bank - 2.95% (min $500), account review
• Imperial Capital - 2.95% ($2K min), account review
• Advanta Bank - 2.85% (min $10K), account review
• Navy FCU - 2.85% ($20K min) restrictions to membership, account review
• Bank of Internet - 2.79% (min $1K) account review
• E-LOAN - 2.76% ($10K min), account review
• Fifth Third - 2.75% (13 mo) (min $5K), Not all states, account review
• Geauga Savings Bank - 2.75% (min $1K) account review
• ING Direct - 2.75% account review
• Indymac Federal Bank - 2.75% (min $5K) account review
• EverBank - 2.75% ($1.5K min) account review
• FNBO Direct - 2.51% (min $500) account review
• Discover Bank - 2.50% (min $2.5K) account review
• Academy Bank - 2.45% (min $500), account review
• KeyDirect - 2.25% (11mo) (min $5K), 2.50% w/chk, Not all states, account review
• iGobanking - 2.25% new money (15 mo) (min $500), account review

18-Month Certificates of Deposit:

• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Dollar Savings Direct - 3.50% (16-mo) (min $1K) account review
• Mutual Bank - 3.50% (16 mo) (min $2.5K) account review
• Clear Sky Accounts - 3.40% (19-mo) (min $5K) account review
• Alliant Credit Union - 3.40% (min $25K) account review
• UmbrellaBank - 3.25% (min $1K), account review
• Consumers CU - 3.25% (16-mo) (min $250) (3.50% $100K+) account review
• Century Bank Direct - 3.16% (20 mo) (min $1K) account review
• USA FCU - 3.10% (min $1K) account review
• Tennessee Commerce Bank - 3.05% (min $5K)
• Advanta Bank - 3.00% (min $10K), account review
• GMAC Bank - 3.00% (min $500) 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
• EverBank - 2.75% ($1.5K min) account review
• Doral Bank Direct - 2.75% (min $1K) account review
• Greystone Bank - 2.70% (min $50K) account review
• Capital One - 2.50% (min $5K) account review
• Discover Bank - 2.50% (min $2.5K), account review
• Flagstar - 2.45% (min $500), account review
• Wachovia - 2.00% (17-mo) varies by state (min $5K) account review
• OnBank - 1.25% (min $500), account review

24-Month Certificates of Deposit:

• Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
• Melrose CU - 3.80% (min $5K) account review
• MetLife Bank - 3.75% (min $25K) account review
• Credit Union of Georgia - 3.66% (min $50K), account review
• Alliant Credit Union - 3.55% (min $25K) account review
• Mountain America CU - 3.51% (min $1K) account review
• Consumers CU - 3.50% (22-mo) (min $250) (3.75% $100K+) account review
• FNBO Direct - 3.25% (min $500) account review
• GMAC Bank - 3.20% (min $500) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Advanta Bank - 3.15% (min $10K), account review
• Nationwide Bank - 3.15% (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
• Discover Bank - 3.00% (min $2.5K) account review
• KeyDirect - 3.00% (29 mo) (min $5K), 3.25% w/chk, Not all states, account review
• Capital One - 3.00% (min $5K) (3.10% $100K+) account review
• E-LOAN - 3.00% ($10K min) account review
• 1st Source Bank - 2.50% (min $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
• Pentagon Federal CU - 4.00% (min $1K), account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Melrose CU - 3.96% (min $5K) account review
• Western FCU - 3.76% (min $40K), account review
• Mountain America CU - 3.75% (min $1K) account review
• Northrop Grumman FCU - 3.65% (min $40K), account review
• Acacia Federal Savings Bank - 3.60% (min $500)
• Nationwide Bank - 3.40% (min $500) account review
• Discover Bank - 3.35% (min $2.5K) account review
• Advanta Bank - 3.35% (min $10K), account review
• State Bank of India - 3.34% (min $5K) account review
• Capital One - 3.25% (min $5K) (3.40% $100K+) account review
• KeyDirect - 3.25% (min $5K), 3.50% w/chk, Not all states, account review
• Agriculture FCU - 3.25% (min $1K) account review
• Tennessee Commerce Bank - 3.20% (min $5K)
• GMAC Bank - 3.20% (min $500) account review
• Intervest - 3.15% (min $2.5K), account review
• Fifth Third - 3.15% (37 mo) (min $5K) Not all states account review
• E-LOAN - 3.05% ($10K min) account review
• NewDominion Bank - 3.00% (min $3K) account review
• 1st Source Bank - 2.85% (min $500) 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
• Pentagon Federal CU - 4.25% (min $1K), account review
• Mountain America CU - 4.25% (min $1K) account review
• Alliant Credit Union - 4.25% (min $25K) account review
• Melrose CU - 4.11% (min $5K) account review
• Flagstar - 4.01% (min $500), account review
• Western FCU - 3.98% (min $40K), account review
• Acacia Federal Savings Bank - 3.85% (min $500)
• USA FCU - 3.75% (min $1K) account review
• Patelco CU - 3.56% ($1K min), account review
• Discover Bank - 3.55% (min $2.5K) account review
• Advanta Bank - 3.55% (min $10K), account review
• Capital One - 3.50% (min $5K) (3.60% $100K+) account review
• National Bank of KC - 3.50% (min $10K) account review
• Third Federal - 3.50% (min $500) account review
• Nationwide Bank - 3.45% (min $500) account review
• Intervest - 3.35% (min $2.5K), account review
• Tennessee Commerce Bank - 3.25% (min $5K)
• KeyDirect - 3.25% (min $5K), 3.50% w/chk, Not all states, account review
• GMAC Bank - 3.20% (min $500) account review
• 1st Source Bank - 3.20% (min $500) account review
• E-LOAN - 3.15% ($10K min) account review
• National City/PNC - 1.50% (min $25K), 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
• USA FCU - 4.50% (min $1K) (4.65% $100K+) account review
• Pentagon Federal CU - 4.50% (min $1K), account review
• Melrose CU - 4.42% (min $5K) account review
• Telcom Credit Union - 4.25% (min $500) account review
• Acacia Federal Savings Bank - 4.25% (min $500) account review
• Alliant Credit Union - 4.25% (min $25K) account review
• Western FCU - 4.17% (min $40K) account review
• Credit Union of Georgia - 4.13% (min $50K), account review
• Navy FCU - 4.10% ($20K min) (4.25% for $100K+) restrictions to membership, account review
• Consumers CU - 4.09% (59-mo) (min $250) (4.34% $100K+) account review
• Salem Five Bank - 4.00% (min $10K), account review
• Mutual Bank - 3.99% (min $2.5K) account review
• Agriculture FCU - 3.85% (min $1K), account review
• Patelco CU - 3.82% ($1K min), account review
• Discover Bank - 3.80% (min $2.5K) account review
• Flagstar - 3.76% (min $500), account review
• Capital One - 3.75% (min $5K) (3.85% $100K+) account review
• GMAC Bank - 3.75% (min $500) 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
• Advanta Bank - 3.75% (min $10K), account review
• University FCU - 3.70% (min $2.5K), account review
• Intervest - 3.66% (min $2.5K), account review
• State Bank of India - 3.65% (min $5K) account review
• Nationwide Bank - 3.50% (min $500) account review
• EverBank - 3.50% ($1.5K min) account review
• 1st Source Bank - 3.50% (min $500) account review
• E-LOAN - 3.31% ($10K min) account review
• WaMu/Chase - 3.00% (min $1K) account review
• National City/PNC - 1.80% (min $25K), 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
• Capital One - 4.00% (min $5K) (4.25% 10yr) account review
• Discover Bank - 4.00% (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 - 1.50% (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

• Reward Checking Accounts Available Nationwide

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 - 1.98% 7-day yield
• Fidelity Money Market Fund - 1.63% 7-day yield (reviews on Fatwallet)
• TIAA-CREF Money Market Fund - 1.53% 7-day yeild
• Paypal Money Market Fund - 0.82% 7-day yield (1% cashback debit MasterCard)
• Vanguard Tax-Exempt Money Market Fund - 0.74% 7-day yield
• Fidelity Municipal Money Market Fund - 0.29% 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)