Bank Deals Weekly Summary for February 28, 2009

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

The year is starting off very bad for stocks. Dow and the Standard & Poor's 500 Index suffered their worst starts for the first two months of the year on record. For bank depositors, this means we'll likely to continue to see more funds moving into banks as people look for safety. This growth in deposits at banks was noted in the FDIC's fourth quarter report that was released last week. As we've seen last month, this will continue to put downward pressure on rates. At least inflation continues to be low (at least as measured by the CPI-U).

The FDIC's fourth quarter report noted an increase number of problem banks and a diminished deposit insurance fund. The FDIC just voted for a 9-fold increase in its assessment on banks to replenish this fund. The good news is that the FDIC is taking these steps to protect taxpayers, but banks will likely just pass these costs onto their customers. Credit unions are also facing a potential assessment (see article).

Savings Accounts

Four percent savings account is now history. Broadway Federal Bank had the last nationally available savings account with an APY of at least 4%. It finally lowered its rate last week. The new rate is now 3.56% APY (down from 4.08% APY). I'm afraid it's becoming difficult to find savings accounts with rates at or above 3%. Eleven banks and credit unions continue to offer at least 3%. Most are in the low 3-percent range. How low will rates go? A few major online banks have cut their savings account rates to below 2%. ETrade's Complete Savings Account just fell below 2%. Its APY is now 1.95%. ING Direct's savings account rate fell below 2% in the previous week.

There were two minor rate hikes for the week, but the vast majority of rate changes were cuts:

Rate Hikes:

1. UmbrellaBank MMA - 2.24% to 2.65% (was 1.70% to 2.04%)
2. E-LOAN Savings - 1.81% (was 1.71%)

Rate Drops:

1. First Trade Union Bank - 3.20% (was 3.25%)
2. Flagstar MMA - 2.65% (was 2.75%)
3. Zions MMA - 2.50% (was 2.56%)
4. Nationwide MMA - 2.39% (was 2.54%)
5. Amegy Bank - 2.35% $10K+ (was 2.45%)
6. Amboy Direct Premium Savings - 2.02% (was 2.27%)
7. ETrade Complete Savings - 1.95% (was 2.15%)
8. E-LOAN Savings Plus - 1.85% $10K+ (was 2.00%)
9. Salem Five Direct Chk - 1.75% to 2.00% (was 2.00% to 2.25%)
10. Univest Savings - 1.70% (was 2.00%)
11. Transportation Alliance MMA - 1.35% (was 2.00%)
12. GCF Bank MMA 3mo promo - 1.75% (was 2.00%)
13. Imperial Capital Checking - 1.60% (was 1.75%)
14. iGObanking Checking - 1.00% (was 1.25%)
15. AARP Financial Savings Center - 1.15% (was 1.20%)
16. iGObanking Savings - 2.00% (was 2.50%)
17. WTDirect - 2.01% $10K+ (was 2.16%)
18. Broadway Savings - 3.56% (was 4.08%)
19. GMAC MMA - 2.15% (was 2.25%)
20. Clear Sky Savings - 2.85% (was 3.05%) (still not accepting new customers)
21. Capital One/Costco Savings - 2.33% $10K+ (was 2.55%)
22. Capital One Savings - 2.27% $10K+ (was 2.50%)
23. Capital One/Costco MMA - 1.80% (was 2.20%)
24. Capital One MMA - 1.60% (was 2.00%)
25. Bank of Internet Savings - 2.50% (was 2.80%)
26. Bank of Internet Checking - 1.30% (was 1.40%)
27. FNBO Direct Savings - 2.40% (was 2.60%)
28. Rainier Pacific MMA - 1.05% (was 2.50%)
29. Corus MMA - 2.48% (was 2.54%)
30. Citi Ultimate Savings - 2.10% (was 2.30%)
31. Savings Square - 2.60% (was 2.90%)

Certificate of Deposit Rates

Just like savings account rates, CD rates also continue to decline. GMAC Bank was an exception again this week with another minor rate increase on its 12-month CD. The best deals continue to be at credit unions. Unfortunately, we may see many credit unions cut these rates on Monday, the first business day of March.

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. 4.00% 12-mo CD w/chk+savings at Regal Financial Bank (account review)
3. 3.25% 12-mo & 3.75% 24-mo Add-On CD at Northwest FCU (account review)
4. 3.15% 12-mo CD at Alliant CU (account review)
5. 4.15% 48-mo, 4.39% 60-mo CD at Pentagon FCU (account review)
6. 4.50% 60-mo CD at Mountain America CU (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. Remember that the credit unions are likely to lower rates on Monday.

1. 3.91% 6-mo CD & 4.18% 15-mo CD at Progressive CU in NY, NY (account review)
2. 4.00% 12-mo CD at Self Reliance New York FCU (account review)
3. 3.56% 3 to 12-mo Internet CDs at Hanmi Bank in CA (account review)
4. 3.50% 9-mo CD at First Priority CU in MA (account review)
5. 4.17% 17-mo CD ($70K max) at South Jersey FCU (account review)

Reward Checking Accounts

I posted on six new reward checking accounts this week with one offering a 6% APY and two offering a 5% APY. Out of the six reward checking accounts, one is available nationwide; however, the rate is only 3.51% APY. For those who want to keep around $50K in liquid accounts, reward checking remains a good alternative to online savings accounts.

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

• 15th and 16th Bank Failures of 2009
• FDIC's Fourth Quarter Report - Number of Problem Banks Increased to 252

Savings/Checking Accounts - National

• Charles Schwab Bank's High Yield Investor Savings Account
• High Yield Money Market Account at ADB Bank - Nationally Available
• High Yield Savings Account at Centennial Bank - Nationally Available

CD Deals - National

• 3.00% 12-Month CD at Delta Community Credit Union - Easy Membership
• 4.00% 12-Month CD at Regal Financial Bank - Nationally Available
• 4.12% 15-Month CD for Current Members of Northrop Grumman FCU
• 3.35% 24-Month CD at Connexus Credit Union - Easy Membership

Checking/Savings Account Bonuses

• Checking Account Bonuses of up to $100 at M&T Bank - Nationally Available

Reward Checking Accounts

• 4.01% Reward Checking Accounts at Southcoast Community Bank in South Carolina
• 5.01% Reward Checking Account at Community State Bank in Wisconsin
• 3.51% Reward Checking Account at First City Bank in Florida - Nationally Available
• 6.00% Reward Checking Account at First Bank in Iowa
• 5.00% Reward Checking Account at American National Bank of Fremont in Nebraska
• 4.00% Reward Checking Account at People's Community FCU in Washington State

CD and Money Market Deals - Local

• High CD Rates at Progressive Credit Union in New York
• 4.00% 12-Month CD at Self Reliance New York Federal Credit Union
• 3.50% 25-Month CD & 4.00% 35-Month CD at West End Bank in Indiana
• 4.08% 24-Month CD at NorthEast Community Bank in New York - RATE DROP
• 3.50% 9-Month CD & 4.25% 60-Month CD at First Priority Credit Union in MA
• 3.25% 14-Month CD at First Choice Bank in New Jersey
• 3.25% 18-Month CD at Alliance Bank in Virginia
• 3.00% 14-Month CD at Royal Asian Bank in PA, NY and NJ
• 3.00% 10-Month CD & 3.75% 39-Month CD at AMCORE Bank in IL & WI
• 3.05% 7-Month CD at Citizens Bank in Tennessee - EXPIRED
• 3.56% Short-Term Internet CDs and Other Competitive Rates Continue at Hanmi Bank - CA Only
• 3.25% 13-Month CD & 3.00% 7-Month CD at Atlantic Southern Bank in GA & FL
• 3.10% 15-Month CD & 3.05% 7-Month CD at Island FCU in New York
• 3.50% 12-Month CD & 3.35% 6-Month CD at Philadelphia Federal Credit Union
• 3.10% 18-Month CD at First Northern Credit Union in Illinois
• 4.25% 59-Month CD & 2.50% 10-Month CD at US Bank in California
• 3.25% 17-Month / 3.15% 11-Month CD at Tri Boro FCU in Pennsylvania
• 2.50% Money Market Account with Rate Guaranteed till Jun 30th at Bank of America in Texas

The rates listed below are based on Annual Percentage Yield (APY). No minimum balances are required unless noted. MMA next to the rates indicate a money market account. Most MMAs have check writing and ATM cards. Online savings accounts usually lack both of these. The top lists include banks and credit unions with broad availability and with minimums around $10K or less. Previous weekly summaries are available for Feb 22nd, Feb 14th, Feb 7th, Feb 1st, Jan 24th, Jan 10th, Jan 3rd, Dec 27th, Dec 20th, Dec 13th and Dec 6th.

Quick Links: Refer to the following links for the savings accounts and CDs that interest you: Liquid Account Rates: Savings Accounts, Reward Checking, 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 28, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• EverBank - 3.57% ($1.5K min), 3 mo promo rate of 3.51%, account review
• Broadway Federal Bank - 3.56% ($1K min) account review
• SmartyPig - 3.25% (min $25) account review
• First Trade Union Bank - 3.20% ($2.5K min) account review
• ShoreBank - 3.15%, account review
• Redneck Bank - 3.10% account review
• Centennial Bank - 3.05% ($50K min), 3.30% ($100K min) account review
• 1st Constitution Direct - 3.00% (min $100), 3 mo promo (2.95% stnd rate) account review
• CNB Bank Direct - 3.00% account review
• Alliant Credit Union - 3.00% (min $100) account review
• ADB Bank - 3.00% account review
• Clear Sky Accounts - 2.85% (not accepting new customers) account review
• Provident Direct - 2.82%, account review
• Union Federal Savings - 2.75% account review
• GMAC Bank - 2.75% Savings (min $500) account review
• OneUnited - 2.75% (min $1K), account review
• DollarSavingsDirect - 2.65% ($1K min) account review
• Provident Bank Online - 2.65% (min $10) account review
• Mutual Bank - 2.65% MMA 3mo promo, (min $5K), account review
• Flagstar - 2.65% MMA, account review
• Savings Square - 2.60%, account review
• Century Bank Direct - 2.59% Savings (min $100) account review
• Heartland Bank Direct - 2.55% ($500 min), account review
• grand yield direct - 2.50% (min $2.5K) account review
• Zions Bank - 2.50% MMA, outside of Utah, (min $2.5K) account review
• Bank of Internet - 2.50% (min $100) account review
• Century Bank Direct - 2.49% MMA (min $1K) account review
• Venture Bank Direct - 2.48%, account review
• Corus Bank - 2.48% MMA (min $10K) account review
• EverBank - 2.46% MMA ($1.5K min) account review
• FNBO Direct - 2.40%, account review
• Nationwide Bank - 2.39% MMA (min $1K) account review
• Amegy Bank - 2.35% (min $10K) account review
• CapitalOne/Costco - 2.33% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Capital One - 2.27% (Savings) (min $10K) account review
• HSBC Direct - 2.25% account review
• Indymac Federal Bank - 2.25% (min $1K) account review
• Century Bank Direct - 2.25% Checking (min $100) account review
• UmbrellaBank - 2.24% MMA (min $1K), account review
• GMAC Bank - 2.15% MMA (min $500) account review
• Citibank - 2.10% (Ultimate Savings) account review
• EmigrantDirect - 2.05%, account review
• BankUnited - 2.05% (min $5K), account review
• Discover Bank - 2.05% MMA (min $2.5K) (2.40% for $50K+) account review
• Amboy Direct - 2.02% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 2.02% (Premium Savings) post ($25 bonus)
• WTDirect - 2.01% ($10K min), account review
• iGObanking - 2.00%, account review
• Charles Schwab - 2.00% Savings, account review
• ETrade Bank - 1.95%, post ($25 bonus)
• ING Direct - 1.85%, (0.50% checking), post ($25 bonus)
• E-LOAN - 1.85% Savings Plus ($10K min) (2.05% for $50K+) account review
• E-LOAN - 1.81% ($5K min), account review
• CapitalOne/Costco - 1.80% MMA (min $1K, Costco members only, $60 deal for exec. members)
• H&R Block Bank - 1.75% ($50K min) account review
• AmTrustDirect - 1.75% ($500 min) NEW e-Money Market (2.50% $10K+) account review
• Imperial Capital - 1.75% MMA ($2.5K min) (2.25% for $100K+) account review
• GCF Bank - 1.75% (min $100), 3-mo promo, account review
• Salem Five Direct - 1.75% Checking (2.00% $100K+), account review
• Bank of Internet - 1.70% MMA (min $100) account review
• UnivestDirect - 1.70%, (0.50% checking), account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• Imperial Capital - 1.60% Checking (min $1K) account review
• Capital One - 1.60% MMA, account review
• Bank of America NEA - 1.35% MMA ($500 min) (1.45% for $50K+) account review
• Transportation Alliance Bank - 1.35%, ($25 min), account review
• OnBank - 1.30%, account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• AARP Financial Savings Center - 1.15%, AARP membership req, account review
• UFB Direct - 1.05%, Travelers Savings (min $500) account review
• UFB Direct - 1.05% Absolute Savings (min $15K)
• Rainier Pacific - 1.05% MMA, account review
• M&T Bank - 1.01%, 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
• iGObanking - 1.00%, Checking, account review
• ETrade Bank - 0.75% Checking (min $5K) account review

3-Month Certificates of Deposit:

• eBank - 2.50% (min $1K)
• Hudson City Savings - 2.25% (min $5K) account review
• GMAC Bank - 2.05% (min $500), account review
• UmbrellaBank - 2.00% (min $1K) account review
• Imperial Capital - 1.85%, ($2K min), account review
• EverBank - 1.76% ($1.5K min) account review
• VirtualBank - 1.36% (min $10K), account review
• Nationwide Bank - 1.20% (min $500) account review
• UFB Direct - 1.20% (min $8K)
• E-LOAN - 0.85% ($10K min), account review
• H&R Block Bank - 0.75% (min $250) account review
• ETrade Bank - 0.60% (min $1K), account review

6-Month Certificates of Deposit:

• Navy FCU - 3.50% ($10K min) restrictions to membership, account review
• Christian Community CU - 3.50% (7-mo) (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Firstmark CU - 2.70% (min $50K) account review
• Northrop Grumman FCU - 2.62% (min $40K), account review
• GMAC Bank - 2.60% (min $500), account review
• eBank - 2.55% (min $1K)
• Hudson City Savings - 2.50% (min $5K) account review
• UFB Direct - 2.50% (min $8K)
• Ascencia Bank - 2.50% (min $500), account review
• UmbrellaBank - 2.45% (min $1K) account review
• Corus Bank - 2.44% (min $10K) account review
• Tennessee Commerce Bank - 2.40% (min $5K)
• La Jolla Bank - 2.35% (min $10K), account review
• Air Force FCU - 2.35% (min $25K) membership restrictions account review
• Imperial Capital - 2.35% ($2K min), account review
• FirstFedDirect - 2.30% (min $10K), account review
• Flagstar - 2.25% (min $500), account review
• Century Bank Direct - 2.21% (5 mo) (min $1K) account review
• EverBank - 2.20% ($1.5K min) account review
• Citibank - 2.10% (7-mo) (min $500) account review
• State Bank of India - 2.02% (min $5K) account review
• Earthstar Bank - 2.00% (min $500) account review
• HSBC Direct - 2.00% (min $10) account review
• Excel National Bank - 2.00% (min $10K) account review
• VirtualBank - 1.92% (min $10K), account review
• Zions Bank - 1.66% (min $1K) account review
• Nationwide Bank - 1.60% (min $500) account review
• FNBO Direct - 1.50% (min $500) account review
• IndyMac Federal Bank - 1.35% (min $5K) account review
• E-LOAN - 1.35% ($10K min), account review
• ING Direct - 1.25%, account review
• Greystone Bank - 1.10% (min $50K) account review
• ISN Bank - 1.01% (min $1K) account review
• H&R Block Bank - 1.00% (min $250) account review
• AmTrustDirect - 1.00% (min $1K) account review
• ETrade Bank - 0.85% (min $1K), account review
• Capital One - 0.25% (min $5K) account review

9-Month Certificates of Deposit:

• Christian Community CU - 3.50% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• 1st Mariner Bank - 3.00% (10 mo) (min $100/max $50K) requires chk, account review
• GMAC Bank - 2.65% (min $500), account review
• Flagstar - 2.64% (min $500), account review
• UmbrellaBank - 2.60% (min $1K) account review
• Consumers CU - 2.50% (min $250) (2.75% $100K+) account review
• FirstFedDirect - 2.40% (min $10K) account review
• Century Bank Direct - 2.31% (10 mo) (min $1K) account review
• Imperial Capital - 2.30% ($2K min), account review
• NewDominion Bank - 2.25% (min $3K) account review
• EverBank - 2.20% ($1.5K min) account review
• Fifth Third - 2.00% (min $5K), Not all states, account review
• Indymac Federal Bank - 2.00% (10 mo) (min $5K) account review
• VirtualBank - 1.97% (min $10K), account review
• Academy Bank - 1.90% (min $500), account review
• MetLife Bank - 1.90% (min $50K) account review
• E-LOAN - 1.55% ($10K min), account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• iGobanking - 1.25% (min $1K) account review
• ING Direct - 1.25% account review
• Bank of Internet - 1.10% (min $1K) account review
• AmTrustDirect - 1.00% (min $1K) account review

12-Month Certificates of Deposit:

• Regal Financial Bank - 4.00% (min $2.5K) Req chk & savings, account review
• Christian Community CU - 3.50% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Melrose CU - 3.39% (min $5K) account review
• Northwest FCU - 3.25% (min $500) add-on, account review
• Credit Union of Georgia - 3.20% (min $50K), account review
• Alliant Credit Union - 3.15% (min $25K) account review
• Southeast Financial FCU - 3.10% (min $500) account review
• Delta Community CU - 3.00% (min $1K) account review
• GMAC Bank - 2.95% (min $500), account review
• Corus Bank - 2.93% (min $10K) account review
• UFB Direct - 2.90% (min $8K)
• Northrop Grumman FCU - 2.88% (min $40K), account review
• Ascencia Bank - 2.85% (min $500), account review
• eBank - 2.80% (min $1K)
• Crane FCU - 2.80% (min $500) account review
• H&R Block Bank - 2.75% (min $250) account review
• Hudson City Savings - 2.75% (min $5K) account review
• Mountain America CU - 2.75% (min $1K) account review
• Tennessee Commerce Bank - 2.75% (min $5K)
• UmbrellaBank - 2.72% (min $1K) account review
• Mutual Bank - 2.70% (min $2.5K) account review
• Imperial Capital - 2.65% ($2K min), account review
• Flagstar - 2.64% (min $500), account review
• Air Force FCU - 2.60% (min $25K) membership restrictions account review
• Navy FCU - 2.60% ($20K min) restrictions to membership, account review
• La Jolla Bank - 2.55% (min $10K), account review
• Pacific Mercantile Bank - 2.53% (min $10K) account review
• State Bank of India - 2.52% (min $5K) account review
• Discover Bank - 2.50% (min $2.5K) account review ($50 bonus)
• Fifth Third - 2.50% (13 mo) (min $5K), Not all states, account review
• EverBank - 2.50% ($1.5K min) account review
• HSBC Direct - 2.50% (min $10) account review
• FirstFedDirect - 2.50%, (min $10K) account review
• NewDominion Bank - 2.50% (min $3K) account review
• Century Bank Direct - 2.41% (15 mo) (min $1K) account review
• Advanta Bank - 2.40% (min $10K), account review
• Indymac Federal Bank - 2.35% (min $5K) account review
• Citibank - 2.30% (min $500)
• Geauga Savings Bank - 2.30% (min $1K) account review
• KeyDirect - 2.25% (11 mo) (min $5K), 2.50% w/chk, Not all states, account review
• Earthstar Bank - 2.20% (min $500) account review
• National Bank of KC - 2.20% (min $10K) account review
• Academy Bank - 2.10% (min $500), account review
• Bank of America - 2.00% (min $5K) account review
• FNBO Direct - 2.00% (min $500) account review
• E-LOAN - 2.00% ($10K min), account review
• Nationwide Bank - 2.00% (min $500) account review
• ING Direct - 1.75% account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• Bank of Internet - 1.50% (min $1K) account review

18-Month Certificates of Deposit:

• Christian Community CU - 3.50% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• NASA FCU - 3.20% (min $2K) req chk w/dd, account review
• Alliant Credit Union - 3.15% (min $25K) account review
• NewDominion Bank - 2.90% (min $3K) account review
• Intervest - 2.90% (min $2.5K), account review
• First Trade Union Bank - 2.90% (min $500) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• UmbrellaBank - 2.80% (min $1K), account review
• eBank - 2.80% (min $1K)
• GMAC Bank - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K), account review
• Mutual Bank - 2.75% (16 mo) (min $2.5K) account review
• Consumers CU - 2.75% (16-mo) (min $250) (3.00% $100K+) account review
• HSBC Direct - 2.75% (min $10) account review
• USA FCU - 2.55% (min $1K) account review
• Century Bank Direct - 2.51% (20 mo) (min $1K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Advanta Bank - 2.50% (min $10K), account review
• EverBank - 2.50% ($1.5K min) account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• VirtualBank - 2.28% (min $10K), account review
• E-LOAN - 2.05% ($10K min) account review
• Wachovia - 2.00% (17 mo) varies by state (min $5K) account review
• ING Direct - 1.75%, account review
• Greystone Bank - 1.75% (min $50K) account review
• Capital One - 1.50% (min $5K) account review
• OnBank - 1.25% (min $500), account review

24-Month Certificates of Deposit:

• Northwest FCU - 3.75% (min $500) add-on, account review
• Melrose CU - 3.55% (min $5K) account review
• Credit Union of Georgia - 3.40% (min $50K), account review
• Connexus CU - 3.35% (min $10K) account review
• Alliant Credit Union - 3.30% (min $25K) account review
• Firstmark CU - 3.30% (min $50K) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• eBank - 3.20% (min $1K)
• Crane FCU - 3.04% (25 mo) (min $500) account review
• NewDominion Bank - 3.01% (min $3K) account review
• Air Force FCU - 3.00% (min $25K) membership restrictions account review
• Mountain America CU - 3.00% (min $1K) account review
• Consumers CU - 3.00% (22-mo) (min $250) (3.25% $100K+) account review
• Tennessee Commerce Bank - 2.95% (min $5K)
• GMAC Bank - 2.95% (min $500) account review
• Intervest - 2.95% (min $2.5K), account review
• State Bank of India - 2.93% (min $5K) account review
• UFB Direct - 2.90% (min $8K)
• Discover Bank - 2.80% (min $2.5K) account review
• H&R Block Bank - 2.75% (min $250) account review
• FNBO Direct - 2.75% (min $500) account review
• Fifth Third - 2.75% (min $5K) not all states, account review
• KeyDirect - 2.75% (29 mo) (min $5K), 3.00% w/chk, Not all states, account review
• Advanta Bank - 2.70% (min $10K), account review
• 1st Source Bank - 2.50% (min $5K) account review
• E-LOAN - 2.30% ($10K min) account review
• KeyDirect - 2.25% (min $5K), 2.50% w/chk, Not all states, account review
• Nationwide Bank - 2.25% (min $500) account review
• MetLife Bank - 2.20% (min $50K) account review
• Capital One - 2.00% (min $5K) (2.10% $100K+) account review
• iGobanking - 2.00% (min $500), account review

36-Month Certificate of Deposit:

• Navy FCU - 4.60% (30mo IRA-only) ($15K min) restrictions to membership, account review
• Pentagon Federal CU - 3.89% (min $1K), account review
• Alliant Credit Union - 3.75% (min $25K) account review
• Melrose CU - 3.70% (min $5K) account review
• Northrop Grumman FCU - 3.52% (min $40K), account review
• Connexus CU - 3.50% (min $10K) account review
• Northwest FCU - 3.43% (min $25K) account review
• eBank - 3.40% (min $1K)
• Western FCU - 3.30% (min $40K), account review
• Acacia Federal Savings Bank - 3.25% (min $500)
• Mountain America CU - 3.25% (min $1K) account review
• Flagstar - 3.16% (min $500), account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Air Force FCU - 3.15% (min $25K) membership restrictions account review
• State Bank of India - 3.14% (min $5K) account review
• Intervest - 3.10% (min $2.5K), account review
• UFB Direct - 3.05% (min $8K)
• H&R Block Bank - 3.00% (min $250) 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
• Advanta Bank - 3.00% (min $10K), account review
• Agriculture FCU - 2.90% (min $1K) account review
• Discover Bank - 2.90% (min $2.5K) account review
• Fifth Third - 2.85% (37 mo) (min $5K) Not all states account review
• Nationwide Bank - 2.70% (min $500) account review
• E-LOAN - 2.55% ($10K min) account review
• 1st Source Bank - 2.50% (min $500) account review
• Bank of Internet - 2.25% (min $1K) account review
• Capital One - 2.00% (min $5K) (2.55% $100K+) account review

48-Month Certificate of Deposit:

• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Pentagon Federal CU - 4.15% (min $1K), account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Melrose CU - 3.85% (min $5K) account review
• Mountain America CU - 3.75% (min $1K) account review
• Northwest FCU - 3.69% (min $25K) account review
• Intervest - 3.50% (min $2.5K), account review
• Acacia Federal Savings Bank - 3.50% (min $500)
• Flagstar - 3.50% (min $500), account review
• Western FCU - 3.49% (min $40K), account review
• Tennessee Commerce Bank - 3.30% (min $5K)
• Third Federal - 3.25% (min $500) account review
• GMAC Bank - 3.20% (min $500) account review
• Advanta Bank - 3.20% (min $10K), account review
• H&R Block Bank - 3.15% (min $250) account review
• Discover Bank - 3.10% (min $2.5K) account review
• USA FCU - 3.04% (min $1K) account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• Countrywide - 3.00% (min $10K), account review
• Nationwide Bank - 3.00% (min $500) account review
• Patelco CU - 2.94% ($1K min), account review
• National Bank of KC - 2.80% (min $10K) account review
• 1st Source Bank - 2.80% (min $500) account review
• Capital One - 2.75% (min $5K) account review
• E-LOAN - 2.75% ($10K min) account review

60-Month Certificate of Deposit:

• Mountain America CU - 4.50% (min $1K) account review
• Christian Community CU - 4.50% (min $1K) not NCUA insured (ASI only) account review
• Northwest FCU - 4.46% (min $25K) account review
• Pentagon Federal CU - 4.39% (min $1K), account review
• Apple FCU - 4.30% (min $50K) account review
• Melrose CU - 4.27% (min $5K) account review
• Telcom Credit Union - 4.25% (min $500) account review
• US Bank - 4.00% (59 mo) (min $1K) account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Firstmark CU - 4.00% (min $50K) account review
• Acacia Federal Savings Bank - 3.90% (min $500) account review
• Navy FCU - 3.85% ($20K min) (4.00% for $100K+) restrictions to membership, account review
• Credit Union of Georgia - 3.82% (min $50K), account review
• Delta Community CU - 3.75% (min $1K) account review
• Agriculture FCU - 3.75% (min $1K), account review
• Intervest - 3.66% (min $2.5K), account review
• Western FCU - 3.66% (min $40K) account review
• State Bank of India - 3.65% (min $5K) account review
• Flagstar - 3.65% (min $500), account review
• Mutual Bank - 3.50% (min $2.5K) account review
• Third Federal - 3.50% (min $500) account review
• GMAC Bank - 3.50% (min $500) account review
• KeyDirect - 3.50% (min $5K), 3.75% w/chk, Not all states, account review
• Consumers CU - 3.50% (59-mo) (min $250) (3.75% $100K+) account review
• Discover Bank - 3.50% (min $2.5K) account review
• UFB Direct - 3.50% (min $8K)
• Salem Five Bank - 3.50% (min $10K), account review
• USA FCU - 3.45% (min $1K) account review
• Advanta Bank - 3.40% (min $10K), account review
• Nationwide Bank - 3.30% (min $500) account review
• H&R Block Bank - 3.25% (min $250) account review
• EverBank - 3.25% ($1.5K min) account review
• Air Force FCU - 3.20% (min $25K) membership restrictions account review
• Patelco CU - 3.14% ($1K min), account review
• University FCU - 3.10% (min $2.5K), account review
• 1st Source Bank - 3.00% (min $500) account review
• E-LOAN - 3.00% ($10K min) account review
• Capital One - 2.75% (min $5K) account review
• WaMu/Chase - 2.50% (min $1K) account review

84-Month Certificate of Deposit:

• Pentagon Federal CU - 4.39% (min $1K), account review
• Navy FCU - 4.25% ($20K min) restrictions to membership, account review
• Third Federal - 4.00% (6-yr) (min $500) account review
• Intervest - 3.67% (min $2.5K), account review
• KeyDirect - 3.50% (min $5K) 3.75% w/chk, Not all states, account review
• Discover Bank - 3.50% (min $2.5K) account review
• Capital One/Costco - 2.80% (min $5K) account review
• Capital One - 2.75% (min $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
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• Indiana deals and CD rates
• Iowa deals and CD rates
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• 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
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• New Hampshire 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 - 1.15% 7-day yield
• Fidelity Money Market Fund - 1.06% 7-day yield (reviews on Fatwallet)
• TIAA-CREF Money Market Fund - 0.89% 7-day yeild
• Vanguard Tax-Exempt Money Market Fund - 0.79% 7-day yield
• Paypal Money Market Fund - 0.54% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.37% 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)