Bank Deals Weekly Summary for February 1, 2009

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

As expected the Fed kept the target federal funds rate at its record low. In addition, it continued to say that we should expect "exceptionally low levels of the federal funds rate for some time." So I'm afraid this year doesn't look good for savers (see post).

Another thing to worry about this year is bank failures. Regulators closed 3 banks on Friday. There were 6 bank failures for January. We didn't see 6 bank failures in 2008 until late July.

Thanks to the FDIC, you don't have to worry about losing insured deposits. However, as we learned Friday, there are some concerns when your bank closes.

First, one of the banks closed on Friday, Magnate Bank, was shutdown without another bank taking over its operations. For the first time in nearly 5 years, the FDIC wasn't able to find a bank to take over the closed bank. Consequently, the FDIC are closing all accounts and mailing checks to depositors. So in addition to losing out of a rate lock of a CD, depositors will lose about a week of interest while the checks are in the mail. Then there's the worry that the checks will be lost in the mail.

For the other two closures, other banks assumed all deposits including those that were uninsured. Both of these banks that are acquiring the failed bank deposits have not decided whether they will honor the failed banks' CDs to maturity. Depositors will be free to close the CDs without an early withdrawal penalty, but when interest rates are near record low, losing the rate lock on a high yield CD will be a loss.

Savings Account Rates

Rates continue to fall. Clear Sky Account's 3.75% APY savings account with a guarantee through 3/31/09 may soon be coming to an end. A reader reported being told that Sunday may be the last day for new customers to get this deal. He was told the rate is scheduled to fall to 3.15% on February 2nd. We'll have to wait and see if there will be another rate guarantee period.

On the positive side, Doral Bank Direct has just started its own savings account promo: 3.50% APY guaranteed for 3 months. Here's what the PDF promo page at Doral Bank Direct states:

A minimum daily balance of $1,000 must be maintained in the savings account in order to obtain the promotional rate, which is guaranteed for three months. After the three month introductory period, the savings account will earn interest based on account balance and the prevailing rate offered by Doral Bank.

For those who have never opened an EverBank account, you can still get 3.83% APY (3.76% rate) for 3 months in EverBank's checking or money market account. The nice thing about EverBank is that their money market account has a history of competitive rates. So after the promo ends, you won't be stuck in a uncompetitive account. That's actually the risk in many of these online savings accounts. The banks offer high rates, but before long, rates go way down. The banks are hoping people won't take the time to move their money. So that's why it's important not to settle for low rates. Move your money not only to earn higher interest, but to also help encourage banks to keep their accounts competitive.

Here's the long list of last week's rate cuts:

Rate Hikes:

1. Doral Bank Direct - 3.50% 3mo promo (non-promo APY was 2.25%)

Rate Drops:

1. 1st Constitution Direct 3mo promo - 3.50% (was 3.75%)
2. CNB Bank Direct - 3.40% (was 3.50%)
3. IndyMac E-MM - 2.25% (was 2.60%)
4. GCF Bank Sav 3mo promo - 2.10% (was 2.75%)
5. OnBank - 1.30% (was 1.90%)
6. M&T Bank eMM - 1.15% (was 1.75%)
7. Provident Direct - 2.82% (was 3.25%)
8. AARP Sav/MMA - 1.50% (was 2.00%)
9. Century Bank Direct Sav - 3.04% (was 3.26%)
10. Century Bank Direct MMA - 2.82% (was 3.09%)
11. Century Bank Direct Chk - 2.59% (was 3.05%)
12. Capital One MMA - 2.00% (was 2.10%)
13. Capital One/Costco Savings - 2.70% (was 2.75%)
14. Capital One/Costco MMA - 2.20% (was 2.35%)
15. Citibank USA - 2.40% (was 2.50%)
16. UmbrellaBank MMA - 2% to 2.27% (was 2.60% to 2.85%)
17. CNB Bank Direct Savings - 3.40% (was 3.50%)
18. Corus Bank MMA - 2.75% (was 2.85%)
19. Imperial Capital iMoney Market Chk - 2.5% to 3.25% (was 2.9% to 3.4%)
20. HSBC Direct Savings - 2.45% (was 2.60%)

Certificate of Deposit Rates

In addition to a savings account promotion, Doral Bank Direct also has a special 3.50% APY 11-month CD. This is the highest CD rate from a bank on my list for terms around 12 months.

For most all terms credit unions continue to offer the best CD rates. However, many credit unions change their rates at the start of each month, so we may see many cuts tomorrow, the first business day of February. Pentagon Federal Credit Union already cut their CD rate for February, but their long-term CD rates continue to be competitive with rates ranging from 3.89% APY for 3 years to 4.39% for 5 years. A reader reported Western FCU will be changing their CD special for February from a 4.05% 13-month CD to a 3.00% 10-month CD.

I've added some new credit unions to my CD lists. All of these allow people to join via a membership in an association that's open to everyone. These new credit unions are offering competitive CD rates, but we'll have to see if they remain competitive in February.

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

1. 3.50% 6-mo CD at Navy FCU (account review)
2. 3.22% 6-mo, 3.64% 12-mo CD at NGFCU (account review)
3. 3.50% 11-mo CD at Doral Bank Direct
4. 3.50% 24-mo & 4% 36-mo CD at H&R Block Bank (account review)
5. 4.15% 48-mo, 4.39% 60-mo CD at Pentagon FCU (account review)
6. 5.10% 84-mo CD at Navy FCU (account review)

I also posted on some good CD deals from banks and credit unions that don't offer accounts nationwide. Refer to the recap below for the full list. Here are some of the best deals to note:

1. 3.71% 12-mo CD, 3.51% 6-mo CD at City Bank in WA State
2. 3.56% 3 to 12-mo CDs at Hanmi Bank in California
3. 4% 5-mo, 3.50% 9-mo CD at First Priority CU in parts of MA
4. 4.11% 20-mo, 3.75% 14-mo CD at Directions CU in parts of OH

Reward Checking Accounts

I posted on five new reward checking accounts this week with three of these offering rates of 5% or higher. In addition, 4 banks have started offering their reward checking accounts nationwide. Three of these also have 5%+ rates (see post). But like savings account and CD rates, reward checking account rates are also declining. MidWest America FCU had the highest yield for a reward checking account. But it cut its rate last week from 6.31% to 5.11% APY. The highest now is 6.01% APY which is still being offered by around a dozen banks and credit unions.

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

• 6th Bank Failure of 2009: Ocala National Bank, Florida
• 5th Bank Failure of 2009: Suburban Federal Savings Bank in Maryland
• 4th Bank Failure of 2009: MagnetBank in Utah
• FOMC Meeting - Rate Stays Near Zero with No Changes on the Horizon
• FDIC Proposes Interest Rate Restrictions on Weak Banks

Savings/Checking Accounts - National

• 3.75% Savings Account at Clear Sky May Be Ending Soon

CD Deals - National

• 3.25% 24-Month CD at iGObanking.com - Nationally Available
• 3.56% 25-Month CD & 3.25% 13-Month CD at Crane FCU in Indiana - Easy Membership
• 3.25% CD for Terms of 1 Year to 2 Years at Southeast Financial FCU - Easy Membership
• 3.65% 24-Month CD & 3.25% 12-Month CD at Air Force FCU
• 3.50% 24-Month CD at FirstBank - Nationally Available
• 3.50% 16-Month CD at Mutual Bank - RATE DROP
• High CD Rates and a Money Market Account Bonus at Firstmark CU in Texas - Easy Membership

Checking/Savings Account Bonuses

• Citibank's Checking, Money Market and Credit Card Promotion

Reward Checking Accounts

• Updates to My Nationwide Reward Checking Accounts List
• 4.00% Reward Checking Account at Rockland Federal Credit Union in MA
• 4.01% Reward Checking Account at Timberland Bank in Washington State
• 5.15% Reward Checking Account at First Colebrook Bank in New Hampshire
• Debit Cards, Credit Cards and Reward Checking Accounts
• 5.00% Reward Checking Account at Franklin Bank & Trust Company in Kentucky
• 5.25% Reward Checking Account at The Bank of Georgia

CD and Money Market Deals - Local

• 3.71% 12-Month CD and Other High-Yield Internet CDs at City Bank
• 3.55% 22-Month CD at State Bank of Graymont in Illinois
• 4.33% 15-Month CD at Tuscaloosa VA FCU in Alabama
• 3.40% 12-Month CD & 3.45% 24-Month CD at Singing River FCU in Mississippi
• 4.07% 18-Month CD at Ohio Valley Community Credit Union
• 3.55% 14-Month CD at Hershey Federal Credit Union in PA
• 3.50% 9-Month CD & 3.61% 24-Month CD at Prudential Savings Bank in PA
• 3.50% 5-Month CD & 3.40% 13-Month CD at First Florida Credit Union
• 3.59% 17-Month CD at SC State Credit Union in South Carolina
• 4.11% 20-Month CD & 3.75% 14-Month CD at Directions Credit Union in Ohio
• 3.75% 15-Month CD at Eagle National Bank in Pennsylvania
• 5.00% 60-Month CD & 4.00% 12-Month CD at TwinStar Credit Union in Parts of WA State
• 4.00% 24-Month IRA CD & 3.20% 18-Month CD at Atlas Savings in New York
• 3.50% 15-Month CD & 3.40% 12-Month CD at Homewood Federal Savings Bank in Maryland
• 3.50% 12-Month CD at First Citrus Bank in Florida
• 4.00% 5-Month CD, 3.50% 9-Month CD & Other High CD Rates at First Priority Credit Union in MA
• 3.50% 11-Month CD at LA Financial Credit Union in California
• 3.30% 9-Month CD & 3.51% 24-Month CD at Members Plus Credit Union in MA
• 3.25% 10-Month CD & 3.40% 15-Month CD at Omni National Bank
• 3.56% Short-Term Internet CDs at Hanmi Bank - California Only
• 3.30% 18-Month CD & 3.10% 9-Month CD at Community Banks of Colorado
• 3.50% 7-Month CD and Other High CD Rates at Associated Credit Union of Texas
• 3.00% 6-Month CD at Navigant Credit Union in Rhode Island

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 24th, Jan 10th, Jan 3rd, Dec 27th, Dec 20th, Dec 13th, Dec 6th, Nov 29th, Nov 22nd, Nov 15th and Nov 8th.

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 February 1, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• Broadway Federal Bank - 4.08% ($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 (may chg on Feb 2nd) account review
• Bank of Internet - 3.51% (min $100) account review
• Doral Bank Direct - 3.50% 3mo promo, new money (min $1K) account review
• DollarSavingsDirect - 3.50% ($1K min) account review
• 1st Constitution Direct - 3.50% (min $100), 3 mo promo, account review
• CNB Bank Direct - 3.40% account review
• Venture Bank Direct - 3.30%, account review
• Savings Square - 3.30%, account review
• Alliant Credit Union - 3.25% (min $100) (sch to drop to 3% in Feb) account review
• SmartyPig - 3.25% (min $25) access restrictions, account review
• ShoreBank - 3.15%, account review
• iGObanking - 3.08%, account review
• Union Federal Savings - 3.05% account review
• Century Bank Direct - 3.04% Savings (min $100) account review
• ETrade Bank - 3.01%, post ($25 bonus)
• OneUnited - 3.00% (min $1K), account review
• GMAC Bank - 3.00% Savings (min $500) account review
• Flagstar - 3.00% MMA, account review
• BankUnited - 3.00% (min $5K), account review
• EverBank - 2.96% MMA ($1.5K min) account review
• Bank of Internet - 2.90% MMA (min $100) account review
• Imperial Capital - 2.85% Checking (min $1K) account review
• Century Bank Direct - 2.82% MMA (min $1K) account review
• Provident Direct - 2.82%, account review
• WTDirect - 2.81% ($10K min), account review
• Provident Bank Online - 2.80% (min $10) account review
• FNBO Direct - 2.80%, account review
• Zions Bank - 2.79% MMA, outside of Utah, (min $2.5K) account review
• Nationwide Bank - 2.79% MMA (min $1K) account review
• Amegy Bank - 2.75% (min $10K) account review
• Rainier Pacific - 2.75% MMA, account review
• grand yield direct - 2.75% (min $2.5K) account review
• Corus Bank - 2.75% MMA (min $10K) account review
• CapitalOne/Costco - 2.70% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Capital One - 2.64% (Savings) (min $10K) account review
• Bank of Internet - 2.60% Checking (min $5K) account review
• Century Bank Direct - 2.59% Checking (min $100) 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)
• Mutual Bank - 2.50% MMA (min $5K), account review
• GMAC Bank - 2.50% MMA (min $500) account review
• Imperial Capital - 2.50% MMA ($2.5K min) (3.25% for $100K+) account review
• HSBC Direct - 2.45% account review
• EmigrantDirect - 2.40%, account review
• ING Direct - 2.40%, (0.50% checking), post ($25 bonus)
• Citibank - 2.40% (Ultimate Savings) account review
• E-LOAN - 2.30% Savings Plus ($10K min) (2.50% for $50K+) account review
• UmbrellaBank - 2.27% MMA (min $10K), account review
• Indymac Federal Bank - 2.25% (min $1K) account review
• CapitalOne/Costco - 2.20% MMA (min $1K, Costco members only, $60 deal for exec. members)
• GCF Bank - 2.10% (min $100), 3-mo promo, account review
• Discover Bank - 2.05% MMA (min $2.5K) (2.45% for $50K+) 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
• UFB Direct - 2.00%, Travelers Savings (min $500) account review
• Salem Five Direct - 2.00% Checking (2.50% $100K+), account review
• Capital One - 2.00% MMA, account review
• E-LOAN - 1.91% ($5K min), account review
• iGObanking - 1.75%, Checking account review ($50 bonus)
• AmTrustDirect - 1.75% ($500 min) NEW e-Money Market (2.75% $10K+) account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• AARP Financial Savings Center - 1.50%, AARP membership req, 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
• OnBank - 1.30%, account review
• M&T Bank - 1.15%, account review
• VirtualBank - 1.01% (min $100), (2.02% $25K+, 2.28% $50K+) post ($20 bonus)
• WaMu/Chase - 1.00% (requires checking), account review
• Charles Schwab - 1.00% Checking, account review
• ETrade Bank - 0.75% Checking (min $5K) account review

3-Month Certificates of Deposit:

• ebank - 2.50% (min $1K)
• H&R Block Bank - 2.50% (min $250) account review
• UmbrellaBank - 2.25% (min $1K) account review
• GMAC Bank - 2.10% (min $500), account review
• Imperial Capital - 2.10%, ($2K min), account review
• EverBank - 1.85% ($1.5K min) account review
• VirtualBank - 1.66% (min $10K), account review
• E-LOAN - 1.50% ($10K min), account review
• Nationwide Bank - 1.50% (min $500) account review
• UFB Direct - 1.15% (min $8K)
• ETrade Bank - 0.60% (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
• Navy FCU - 3.50% ($10K min) restrictions to membership, account review
• Northrop Grumman FCU - 3.22% (min $40K), account review
• Firstmark CU - 3.05% (min $50K) account review
• America's CU - 3.00% (min $500), Add-On Feature, account review
• Air Force FCU - 3.00% (min $25K) membership restrictions account review
• Clear Sky Accounts - 2.89% (7-mo) (min $5K) account review
• Flagstar - 2.86% (min $500), account review
• H&R Block Bank - 2.85% (min $250) account review
• Corus Bank - 2.65% (min $10K) account review
• UmbrellaBank - 2.60% (min $1K) account review
• GMAC Bank - 2.60% (min $500), account review
• Ascencia Bank - 2.60% (min $500), account review
• ebank - 2.55% (min $1K)
• La Jolla Bank - 2.55% (min $10K), account review
• Century Bank Direct - 2.51% (5 mo) (min $1K) account review
• FirstFedDirect - 2.50% (min $10K), account review
• Imperial Capital - 2.50% ($2K min), account review
• Millennium Bank in VA - 2.40% (min $5K) account review
• EverBank - 2.40% ($1.5K min) account review
• Tennessee Commerce Bank - 2.40% (min $5K)
• State Bank of India - 2.27% (min $5K) account review
• Citibank - 2.25% (7-mo) (min $500) account review
• HSBC Direct - 2.25% (min $10) account review
• Excel National Bank - 2.24% (min $10K) account review
• VirtualBank - 2.22% (min $10K), account review
• Nationwide Bank - 2.20% (min $500) account review
• Earthstar Bank - 2.00% (min $500) account review
• FNBO Direct - 2.00% (min $500) account review
• E-LOAN - 2.00% ($10K min), account review
• Greystone Bank - 1.90% (min $50K) account review
• Bank of America - 1.85% (7-mo) (min $5K) account review
• Doral Bank Direct - 1.75% (min $1K) account review
• Zions Bank - 1.66% (min $1K) account review
• Capital One - 1.50% (min $5K) account review
• ING Direct - 1.50%, account review
• IndyMac Federal Bank - 1.35% (min $5K) account review
• ISN Bank - 1.01% (min $1K) account review
• AmTrustDirect - 1.00% (min $1K) account review
• ETrade Bank - 0.90% (min $1K), account review

9-Month Certificates of Deposit:

• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Western FCU - 3.00% (10 mo) (min $1K) (not yet official for Feb) account review
• Consumers CU - 3.00% (min $250) (3.25% $100K+) account review
• AmTrustDirect - 2.75% (min $1K) account review
• Century Bank Direct - 2.61% (10 mo) (min $1K) account review
• UmbrellaBank - 2.60% (min $1K) account review
• ebank - 2.60% (min $1K) account review
• FirstFedDirect - 2.50% (min $10K) account review
• Doral Bank Direct - 2.50% (min $1K) 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
• MetLife Bank - 2.40% (min $50K) account review
• EverBank - 2.40% ($1.5K min) account review
• VirtualBank - 2.28% (min $10K), account review
• Fifth Third - 2.26% (min $5K), Not all states, account review
• Academy Bank - 2.25% (min $500), account review
• Bank of Internet - 2.18% (min $1K) account review
• E-LOAN - 2.10% ($10K min), account review
• iGobanking - 2.00% (min $1K) account review
• Indymac Federal Bank - 2.00% (10-mo) (min $5K) account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• ING Direct - 1.50% account review

12-Month Certificates of Deposit:

• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Melrose CU - 3.65% (min $5K) account review
• Northrop Grumman FCU - 3.64% (min $40K), account review
• Doral Bank Direct - 3.50% (11 mo) (min $1K) account review
• Alliant Credit Union - 3.40% (min $25K) account review
• Provident CU - 3.35% (min $1K) req chk, account review
• Credit Union of Georgia - 3.35% (min $50K), account review
• Clear Sky Accounts - 3.30% (13-mo) (min $5K) account review
• H&R Block Bank - 3.25% (min $250) account review
• Flagstar - 3.25% (min $500), account review
• Mountain America CU - 3.25% (min $1K) account review
• Crane FCU - 3.25% (13 mo) (min $500) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• Air Force FCU - 3.25% (min $25K) membership restrictions account review
• GMAC Bank - 3.00% (min $500), account review
• ebank - 3.00% (min $1K)
• Mutual Bank - 3.00% (min $2.5K) account review
• Corus Bank - 3.00% (min $10K) account review
• FirstFedDirect - 2.90%, (min $10K) account review
• Pacific Mercantile Bank - 2.89% (min $10K) account review
• Navy FCU - 2.85% ($20K min) restrictions to membership, account review
• Ascencia Bank - 2.85% (min $500), account review
• UmbrellaBank - 2.85% (min $1K) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• Advanta Bank - 2.80% (min $10K), account review
• Fifth Third - 2.75% (13 mo) (min $5K), Not all states, account review
• Discover Bank - 2.75% (min $2.5K) account review
• iGobanking - 2.75% (15 mo) (min $500), account review
• National Bank of KC - 2.75% (min $10K) account review
• La Jolla Bank - 2.75% (min $10K), account review
• State Bank of India - 2.73% (min $5K) account review
• Century Bank Direct - 2.71% (15 mo) (min $1K) account review
• EverBank - 2.65% ($1.5K min) account review
• Imperial Capital - 2.65% ($2K min), account review
• Nationwide Bank - 2.60% (min $500) account review
• Geauga Savings Bank - 2.55% (min $1K) account review
• Bank of Internet - 2.53% (min $1K) account review
• FNBO Direct - 2.51% (min $500) account review
• Academy Bank - 2.45% (min $500), account review
• E-LOAN - 2.45% ($10K min), account review
• Citibank - 2.40% (min $500)
• KeyDirect - 2.25% (11mo) (min $5K), 2.50% w/chk, Not all states, account review
• Indymac Federal Bank - 2.25% (min $5K) account review
• Bank of America DoW - 2.25% (min $1K) account review
• Earthstar Bank - 2.20% (min $500) account review
• ING Direct - 2.00% account review

18-Month Certificates of Deposit:

• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Clear Sky Accounts - 3.40% (19-mo) (min $5K) account review
• Alliant Credit Union - 3.40% (min $25K) account review
• Dollar Savings Direct - 3.25% (16-mo) (min $1K) account review
• Consumers CU - 3.25% (16-mo) (min $250) (3.50% $100K+) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• USA FCU - 3.10% (min $1K) account review
• GMAC Bank - 3.00% (min $500) account review
• Intervest - 2.90% (min $2.5K), account review
• Advanta Bank - 2.90% (min $10K), account review
• UmbrellaBank - 2.85% (min $1K), account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• Century Bank Direct - 2.81% (20 mo) (min $1K) account review
• VirtualBank - 2.79% (min $10K), account review
• H&R Block Bank - 2.75% (min $250) account review
• Discover Bank - 2.75% (min $2.5K), account review
• Mutual Bank - 2.75% (16 mo) (min $2.5K) account review
• EverBank - 2.65% ($1.5K min) account review
• E-LOAN - 2.65% ($10K min) account review
• Greystone Bank - 2.52% (min $50K) account review
• Doral Bank Direct - 2.50% (min $1K) account review
• Capital One - 2.50% (min $5K) account review
• Flagstar - 2.45% (min $500), account review
• ING Direct - 2.00%, account review
• Wachovia - 1.85% (17-mo) varies by state (min $5K) account review
• OnBank - 1.25% (min $500), account review

24-Month Certificates of Deposit:

• Melrose CU - 3.80% (min $5K) account review
• Air Force FCU - 3.65% (min $25K) membership restrictions account review
• Firstmark CU - 3.60% (min $50K) account review
• Credit Union of Georgia - 3.56% (min $50K), account review
• Crane FCU - 3.56% (25 mo) (min $500) account review
• Alliant Credit Union - 3.55% (min $25K) account review
• Mountain America CU - 3.51% (min $1K) account review
• H&R Block Bank - 3.50% (min $250) account review
• Consumers CU - 3.50% (22-mo) (min $250) (3.75% $100K+) account review
• FirstBank - 3.50% (min $10K) account review
• MetLife Bank - 3.25% (min $25K) account review
• iGobanking - 3.25% (min $500), account review
• FNBO Direct - 3.25% (min $500) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• GMAC Bank - 3.00% (min $500) account review
• Discover Bank - 3.00% (min $2.5K) account review
• Capital One - 3.00% (min $5K) (3.10% $100K+) account review
• Advanta Bank - 3.00% (min $10K), account review
• Fifth Third - 3.00% (min $5K) not all states, account review
• Intervest - 2.95% (min $2.5K), account review
• State Bank of India - 2.93% (min $5K) account review
• Tennessee Commerce Bank - 2.90% (min $5K)
• E-LOAN - 2.85% ($10K min) account review
• Nationwide Bank - 2.80% (min $500) account review
• KeyDirect - 2.75% (29 mo) (min $5K), 3.00% w/chk, Not all states, account review
• KeyDirect - 2.50% (21mo) (min $5K), 2.75% w/chk, Not all states, account review
• 1st Source Bank - 2.30% (min $5K) account review

36-Month Certificate of Deposit:

• Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
• Navy FCU - 4.60% (30mo IRA-only) ($15K min) restrictions to membership, account review
• H&R Block Bank - 4.00% (min $250) account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Melrose CU - 3.96% (min $5K) account review
• Air Force FCU - 3.90% (min $25K) membership restrictions account review
• Pentagon Federal CU - 3.89% (min $1K), account review
• Mountain America CU - 3.75% (min $1K) account review
• Western FCU - 3.70% (min $40K), account review
• Northrop Grumman FCU - 3.64% (min $40K), account review
• Flagstar - 3.40% (min $500), account review
• Acacia Federal Savings Bank - 3.40% (min $500)
• Capital One - 3.25% (min $5K) (3.40% $100K+) account review
• Agriculture FCU - 3.25% (min $1K) account review
• Discover Bank - 3.25% (min $2.5K) account review
• Intervest - 3.10% (min $2.5K), account review
• Nationwide Bank - 3.05% (min $500) account review
• Fifth Third - 3.05% (37 mo) (min $5K) Not all states account review
• Advanta Bank - 3.05% (min $10K), account review
• State Bank of India - 3.03% (min $5K) account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• GMAC Bank - 3.00% (min $500) account review
• NewDominion Bank - 3.00% (min $3K) account review
• E-LOAN - 3.00% ($10K min) account review
• Tennessee Commerce Bank - 2.95% (min $5K)
• Bank of Internet - 2.69% (min $1K) account review
• 1st Source Bank - 2.65% (min $500) account review

48-Month Certificate of Deposit:

• Christian Community CU - 5.00% (min $1K) not NCUA insured (ASI only) account review
• Mountain America CU - 4.25% (min $1K) account review
• Alliant Credit Union - 4.25% (min $25K) account review
• Pentagon Federal CU - 4.15% (min $1K), account review
• Melrose CU - 4.11% (min $5K) account review
• Flagstar - 4.01% (min $500), account review
• Western FCU - 3.91% (min $40K), account review
• Acacia Federal Savings Bank - 3.65% (min $500)
• H&R Block Bank - 3.50% (min $250) account review
• Capital One - 3.50% (min $5K) (3.60% $100K+) account review
• Third Federal - 3.50% (min $500) account review
• USA FCU - 3.45% (min $1K) account review
• Discover Bank - 3.45% (min $2.5K) account review
• Intervest - 3.35% (min $2.5K), account review
• Patelco CU - 3.35% ($1K min), account review
• E-LOAN - 3.25% ($10K min) account review
• KeyDirect - 3.25% (min $5K), 3.50% w/chk, Not all states, account review
• Advanta Bank - 3.25% (min $10K), account review
• National Bank of KC - 3.25% (min $10K) account review
• GMAC Bank - 3.20% (min $500) account review
• Nationwide Bank - 3.20% (min $500) account review
• 1st Source Bank - 3.10% (min $500) account review
• Countrywide - 3.00% (min $10K), account review
• Tennessee Commerce Bank - 3.00% (min $5K)

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
• Melrose CU - 4.42% (min $5K) account review
• Pentagon Federal CU - 4.39% (min $1K), account review
• H&R Block Bank - 4.25% (min $250) account review
• Telcom Credit Union - 4.25% (min $500) account review
• Alliant Credit Union - 4.25% (min $25K) account review
• USA FCU - 4.20% (min $1K) (4.35% $100K+) account review
• Firstmark CU - 4.11% (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
• Western FCU - 4.09% (min $40K) account review
• Acacia Federal Savings Bank - 4.05% (min $500) account review
• Credit Union of Georgia - 4.02% (min $50K), account review
• FirstBank - 4.00% (min $10K) account review
• Mutual Bank - 3.99% (min $2.5K) account review
• Air Force FCU - 3.95% (min $25K) membership restrictions account review
• Flagstar - 3.90% (min $500), account review
• Agriculture FCU - 3.85% (min $1K), account review
• Discover Bank - 3.80% (min $2.5K) account review
• Capital One - 3.75% (min $5K) (3.85% $100K+) account review
• Third Federal - 3.75% (min $500) account review
• Delta Community CU - 3.75% (min $1K) account review
• Salem Five Bank - 3.75% (min $10K), account review
• University FCU - 3.70% (min $2.5K), account review
• Intervest - 3.66% (min $2.5K), account review
• Patelco CU - 3.66% ($1K min), account review
• E-LOAN - 3.50% ($10K min) account review
• GMAC Bank - 3.50% (min $500) account review
• KeyDirect - 3.50% (min $5K), 3.75% w/chk, Not all states, account review
• Nationwide Bank - 3.50% (min $500) account review
• 1st Source Bank - 3.50% (min $500) account review
• EverBank - 3.50% ($1.5K min) account review
• Advanta Bank - 3.45% (min $10K), account review
• State Bank of India - 3.44% (min $5K) account review
• WaMu/Chase - 2.50% (min $1K) account review

84-Month Certificate of Deposit:

• Navy FCU - 5.10% ($20K min) restrictions to membership, account review
• Pentagon Federal CU - 4.39% (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
• Intervest - 3.67% (min $2.5K), account review
• KeyDirect - 3.50% (min $5K) 3.75% w/chk, Not all states, 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
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• 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
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• North Carolina deals and CD rates
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• Ohio deals and CD rates
• Oklahoma deals and CD rates
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• 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 - 1.57% 7-day yield
• Fidelity Money Market Fund - 1.40% 7-day yield (reviews on Fatwallet)
• TIAA-CREF Money Market Fund - 1.26% 7-day yeild
• Paypal Money Market Fund - 0.68% 7-day yield (1% cashback debit MasterCard)
• Vanguard Tax-Exempt Money Market Fund - 0.74% 7-day yield
• Fidelity Municipal Money Market Fund - 0.34% 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)