Bank Deals Weekly Summary for March 21, 2009

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

With the Federal Reserve unable to lower the federal funds rate any further, they stepped up another method to stimulate the economy. On Wednesday the Fed announced that it would pump over $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities. This will likely lead to lower bank rates including deposit rates, and farther into the future, there's the risk that inflation will be a major issue. In short, it doesn't look good for savers.

Bank failures surged back this week with three failures yesterday. This makes 20 bank failures this year. FirstCity Bank in Georgia was one that failed, and unlike most of the recent failures, the FDIC wasn't able to find a buyer for the bank. So the FDIC is shutting down the bank and mailing checks to customers for their insured deposits. This type of failure is the most disruptive for depositors. For the other two failed banks, the FDIC was able to find other banks to take over the failed banks. All deposits even those above the FDIC limits are being transferred to the new banks. The only concern for depositors will be those with high-rate CDs. The new banks may choose not to honor those CD rates to their original maturities (see post).

We also had two credit union seizures yesterday. These are not the typical credit unions. They're corporate credit unions, and do not serve consumers. They are chartered to provide products and services to the credit union system. The NCUA placed them into conservatorship in which the NCUA will be replacing the senior management. Both of these corporate credit unions had big losses on their mortgage related assets. The NCUA is estimating the cost to the insurance fund will be $5.9 billion. As mentioned in this Washington Post article, there is potential that this will lead to higher costs for all credit unions.

Savings Account Rates

Rates continue to drop, and some banks continue to surprise me about how much they're cutting. One is OnBank, the internet division of M&T Bank, which cut its online savings account rate this week from 1.30% to 0.75%.

Popular internet savings accounts with rate cuts this week include ING Direct and Dollar Savings Direct. ING Direct's Orange Savings Account rate is now only 1.50% APY. Several former rate leaders also had cuts. These include CNB Bank Direct, Venture Bank Direct and Bank Provident Online.

Savings accounts with rates at or above 3% are becoming rare. The leader continues to be SmartyPig with a 3.25% APY (see post). 1st Constitution Direct cut its 3-month promo rate this week, but it remains close to 3% with a 2.95% APY which is guaranteed for the first 3 months (see post).

Below is the long list of rate cuts that have occurred this week.

Rate Hikes:

1. None

Rate Cuts:

1. CNB Bank Direct - 2.30% (was 2.80%)
2. Venture Bank Direct Savings - 2.00% (was 2.48%)
3. Bank Provident Online - 2.15% (was 2.40%)
4. Union Federal Savings MMA - 2.25% (was 2.40%)
5. Amegy MMA - 2.25% $10K (was 2.30%)
6. Zions Internet MMA - 2.17% (was 2.28%)
7. Discover Bank MMA - 2.00% to 2.11% (was 2.10% to 2.20%)
8. SalemFiveDirect Chk - 1.50% to 1.85% (was 1.75% to 2.00%)
9. ING Direct Savings - 1.50% (was 1.65%)
10. ING Direct Chk - 0.25% to 1.65% (was 0.50% to 1.95%)
11. E-LOAN Savings Plus - 1.30% $10K, 1.60% $50K (was 1.40%, 1.70%)
12. OnBank MM Savings - 0.75% (was 1.30%)
13. Danvers Bank Online Savings - 2.50% (was 3.00%)
14. ADB Bank MMA - 2.50% (was 3.00%)
15. UmbrellaBank MMA - 2.12% to 2.50% (was 2.15% to 2.60%)
16. Grand Yield Direct - 2.15% (was 2.25%)
17. 1st Constitution - 2.95% 3mo promo, 2.50% stnd (was 3.00%, 2.95%)
18. Century Bank Savings - 1.99% (was 2.29%)
19. Century Bank MMA - 1.89% (was 2.09%)
20. Century Bank Checking 1.65% (was 1.85%)
21. Citibank Ultimate Savings - 1.85% (was 2.00%)
22. Corus Bank MMA - 2.32% (was 2.36%)
23. Dollar Savings Direct - 2.05% (was 2.25%)
24. Emigrant Direct - 1.65% (was 1.80%)
25. OneUnited Savings - 2.25% (was 2.75%) Note, website shows E-CD rate only
26. Clear Sky Savings - 2.50% (was 2.85%) still not accepting new accounts

Certificate of Deposit Rates

There appeared to be more CD rate cuts at credit unions this week. Many credit unions have been slower to cut rates than banks, and because of this, credit unions have been the rate leaders on my lists. I'm afraid we may be seeing more cuts in April as credit unions update their rates for the new month.

One great CD deal this week is from a credit union. It's the Gateway Regional Credit Union in St. Louis which is offering several competitive CD rates including a 3.56% APY 12-month CD. There doesn't seem to be a way for everyone to qualify for membership. However, there are some big groups that can qualify including all federal government employees and retirees (see post).

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. 3.00% 6-mo CD at Navy FCU (account review)
2. 2.25% 9-mo Risk-Free CD at Bank of America, rate varies by state (account review)
3. 2.65% 9-mo CD at OneWest Bank/IndyMac (account review)
4. 3.00% 11-mo CD at Connexus CU (account review
5. 3.56% 12-mo CD & Other High CD Rates at Gateway Regional CU (account review)
6. 3.19% 12-mo CD at Melrose CU (account review)
7. 3.15% 12-mo & 4% 48-mo CD at Alliant CU (account review)
8. 3.00% 14-mo CD at Charter Bank (account review)
9. 4.00% 60-mo CD at MACU - small penalty (account review)
10. 4.00% 60-mo CD at Pentagon 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. 3.29% 6-mo CD & 3.87% 15-mo CD at Progressive CU in NY, NY (account review)
2. 3.00% 9-mo CD & 4.25% 5-yr CD at First Priority CU in MA (account review)


3. 4.00% 12-mo CD at Self Reliance New York FCU (account review)
4. 3.50% 12-mo & 3.00% 9-mo CD at FirstBank in NJ (account review
5. 3.10% 12-mo Add-On CD at Nara Bank in CA, NY, NJ (account review)
6. 3.29% 12-mo CD at Community Bank of Nevada (account review)
7. 4.84% 60-mo & 3.44% 24-mo CD at a Credit Union in MD (account review)
8. 4.50% 60-mo CD & 4% 39-mo CD at Urban Trust Bank in FL & MD (account review)

Reward Checking Accounts

I posted on five new reward checking accounts this week with rates ranging from 3.56% to 5.00% APY. In addition, I updated my nationwide reward checking list with three banks that have changed their policies and are allowing people from any state to apply online. Unfortunately, there were two banks that went the other way by restricting the availability of their accounts to within their own states (see post).

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

• 18th, 19th & 20th Bank Failures of 2009, Plus Two Credit Unions Placed into Conservatorship
• FOMC Meeting - Fed to Buy Over $1 Trillion in Securities
• 60 Minutes' Ben Bernanke Interview

Savings/Checking Accounts - National

• Health Savings Account Overview and Finding the Best HSA

CD Deals - National

• FDIC Finally Closes Sale of IndyMac, It's Now OneWest Bank (2.65% 9-Month CD)
• 3.56% 12-Month CD at Gateway Regional Credit Union in St. Louis
• 3.00% 14-Month CD at Charter Bank - Nationally Available
• 3.25% 18-Month IRA CD at Dime Direct - Nationally Available

Checking/Savings Account Bonuses

• $75 Checking Account Bonus at PNC & National City
• $50 Checking Account Bonus at Bank of America
• Personal and Business Checking Account Bonuses at Chase

Reward Checking Accounts

• Updates to My Nationwide Reward Checking Accounts List
• 4.08% Reward Checking Account at FAST FCU in California
• 5.00% Reward Checking Account at First State Bank & Trust Company in Nebraska
• 4.25% Reward Checking Account at Jefferson County FCU in Kentucky & Indiana
• 3.56% Reward Checking Account at Point Loma Credit Union in California
• 4.05% Reward Checking Account at Navigant Credit Union in Rhode Island

CD and Money Market Deals - Local

• 2.75% 9-Month CD, 3.25% 18-Month CD and Other High CD Rates at RomAsia Bank in New Jersey
• 3.25% 20-Month CD at Mid American Credit Union in Kansas
• 2.80% 10-Month CD & 2.95% Checking at East River Bank in Philadelphia
• 3.00% 18-Month CD, 2.77% 7-Month CD and Other High Rates at SolutionsBank in Dallas and Kansas City
• 3.00% 17-Month CD at Royal Asian Bank in NJ, NY and PA
• 2.90% 13-Month CD and Other Competitive CD Rates at First Florida Credit Union
• 2.60% 12-Month Liquid CD at Independence Bank - California Only
• 3.05% 15-Month CD at Fort Financial Credit Union in Parts of IN, NC, MS, IL and WI
• 3.00% 13-Month CD at Leominster Credit Union in Massachusetts
• 3.30% 16-Month CD at First Federal Savings & Loan Association in Ohio - Local Only
• 3.50% 36-Month CD & 3.25% 24-Month CD at Town Center Bank in Illinois - Local Only
• 3.05% 12-Month CD at Triad Bank - St. Louis Area Only
• Review of Equity-Index CDs at Compass - Other Options?

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 28th, Feb 22nd, Feb 14th, Feb 7th, Feb 1st, Jan 24th, Jan 10th, Jan 3rd, Dec 27th, Dec 20th and Dec 13th.

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 March 21, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• SmartyPig - 3.25% (min $25) account review
• Redneck Bank - 3.10% (up to $35K, 1.65% over) account review
• Broadway Federal Bank - 3.05% ($1K min) account review
• Centennial Bank - 3.05% ($50K min), 3.30% ($100K min) account review
• First Trade Union Bank - 3.04% ($2.5K min) account review
• Alliant Credit Union - 3.00% (min $100) account review
• 1st Constitution Direct - 2.95% (min $100), 3 mo promo (2.50% stnd rate) account review
• ShoreBank - 2.80%, account review
• FNCB Bank - 2.75% (min $100) account review
• EverBank - 2.54% ($1.5K min), 3 mo promo rate of 2.51%, account review
• GMAC Bank - 2.50% Savings (min $500) account review
• Clear Sky Accounts - 2.50% (not accepting new customers) account review
• Danversbank - 2.50% account review
• ADB Bank - 2.50% account review
• Flagstar - 2.40% MMA, account review
• Nationwide Bank - 2.39% MMA (min $1K) account review
• Mutual Bank - 2.35% MMA 3mo promo, (min $5K), account review
• Corus Bank - 2.32% MMA (min $10K) account review
• Heartland Bank Direct - 2.30% ($500 min), account review
• Savings Square - 2.30%, account review
• CNB Bank Direct - 2.30% account review
• Presidential Bank - 2.25% (min $5K, 1.50% over $35K), offers 2% checking, account review
• OneWest Bank/Indymac - 2.25% (min $1K) account review
• Amegy Bank - 2.25% (min $10K) account review
• Union Federal Savings - 2.25% account review
• OneUnited - 2.25% (min $1K), account review
• Zions Bank - 2.17% MMA, outside of Utah, (min $2.5K) account review
• FNBO Direct - 2.15%, account review
• grand yield direct - 2.15% (min $2.5K) account review
• Bank Provident Online - 2.15% (min $10) account review
• UmbrellaBank - 2.12% MMA (min $1K) 2.50% ($25K+) account review
• Provident Direct - 2.10%, account review
• CapitalOne/Costco - 2.06% Savings (min $10K, Costco members only, $60 deal for exec. members)
• DollarSavingsDirect - 2.05% ($1K min) account review
• EverBank - 2.03% MMA ($1.5K min) account review
• AmboyDirect - 2.02% (Premium Savings) post ($25 bonus)
• Amboy Direct - 2.02% (min $3K) (eSavings) account review ($50 bonus)
• Capital One - 2.01% (Savings) (min $10K) account review
• WTDirect - 2.01% ($10K min), account review
• GMAC Bank - 2.00% MMA (min $500) account review
• Charles Schwab - 2.00% Savings, account review
• Bank of Internet - 2.00% (min $100) account review
• Venture Bank Direct - 2.00%, account review
• Century Bank Direct - 1.99% Savings (min $100) account review
• Discover Bank - 1.90% MMA (min $2.5K) (2.11% for $50K+) account review
• Century Bank Direct - 1.89% MMA (min $1K) account review
• iGObanking - 1.85%, account review
• HSBC Direct - 1.85% account review
• Citibank - 1.85% (Ultimate Savings) 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
• BankUnited - 1.75% (min $5K), account review
• ETrade Bank - 1.70%, post ($25 bonus)
• Bank of Internet - 1.70% MMA (min $100) account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• EmigrantDirect - 1.65%, account review
• Century Bank Direct - 1.65% Checking (min $100) account review
• Capital One - 1.60% MMA, account review
• Imperial Capital - 1.60% Checking (min $1K) account review
• Imperial Capital - 1.55% MMA ($2.5K min) (2.15% for $100K+) account review
• UnivestDirect - 1.50%, (0.40% checking), account review
• ING Direct - 1.50%, (0.25% checking), post ($25 bonus)
• Salem Five Direct - 1.50% Checking (1.85% $100K+), account review
• Bank of America NEA - 1.40% MMA ($500 min) (1.50% for $50K+) account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• E-LOAN - 1.30% Savings Plus ($10K min) (1.60% for $50K+) account review
• AmTrustDirect - 1.25% ($500 min) NEW e-Money Market (1.50% $10K+) account review
• Transportation Alliance Bank - 1.20%, ($25 min), account review
• GCF Bank - 1.20% (min $100), 3-mo promo, account review
• AARP Financial Savings Center - 1.15%, AARP membership req, account review
• Rainier Pacific - 1.05% MMA, account review
• UFB Direct - 1.05% Absolute Savings (min $15K)
• UFB Direct - 1.05%, Travelers Savings (min $500) account review
• VirtualBank - 1.01% (min $100), (2.02% $25K+, 2.22% $50K+) post ($20 bonus)
• iGObanking - 1.00% Checking, account review
• Charles Schwab - 1.00% Checking, account review
• WaMu/Chase - 0.85% (requires checking), account review
• E-LOAN - 0.81% ($5K min), account review
• M&T Bank - 0.75%, account review
• ETrade Bank - 0.75% Checking (min $5K) account review
• OnBank - 0.75%, account review

3-Month Certificates of Deposit:

• TD Bank USA - 3.00% (min $25K) account review
• Danversbank - 3.00% (4 mo) (min $500) account review
• Hudson City Savings - 2.10% (min $5K) account review
• eBank - 2.00% (min $1K)
• UmbrellaBank - 1.95% (min $1K) account review
• GMAC Bank - 1.75% (min $500), account review
• Imperial Capital - 1.60%, ($2K min), account review
• EverBank - 1.50% ($1.5K min) account review
• VirtualBank - 1.36% (min $10K), account review
• UFB Direct - 1.20% (min $8K)
• Nationwide Bank - 1.20% (min $500) account review
• 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 - 3.00% ($10K min) restrictions to membership, account review
• Christian Community CU - 2.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
• UFB Direct - 2.45% (min $8K)
• Firstmark CU - 2.45% (min $50K) account review
• eBank - 2.40% (min $1K)
• Hudson City Savings - 2.35% (min $5K) account review
• Corus Bank - 2.32% (min $10K) account review
• Ascencia Bank - 2.31% (min $500), account review
• Tennessee Commerce Bank - 2.30% (min $5K)
• UmbrellaBank - 2.30% (min $1K) account review
• FirstFedDirect - 2.30% (min $10K), account review
• State Bank of India - 2.27% (min $5K) account review
• GMAC Bank - 2.25% (min $500), account review
• Northrop Grumman FCU - 2.17% (min $40K), account review
• La Jolla Bank - 2.15% (min $10K), account review
• Imperial Capital - 2.10% ($2K min), account review
• Citibank - 2.10% (7-mo) (min $500) account review
• Air Force FCU - 2.05% (min $25K) membership restrictions account review
• Flagstar - 2.01% (min $500), account review
• EverBank - 2.00% ($1.5K min) account review
• Excel National Bank - 2.00% (min $10K) account review
• Earthstar Bank - 2.00% (min $500) account review
• VirtualBank - 1.92% (min $10K), account review
• Zions Bank - 1.66% (min $1K) account review
• Century Bank Direct - 1.61% (5 mo) (min $1K) account review
• Nationwide Bank - 1.60% (min $500) account review
• FNBO Direct - 1.50% (min $500) account review
• HSBC Direct - 1.25% (min $10) account review
• ING Direct - 1.25%, account review
• OneWest Bank/IndyMac - 1.25% (min $5K) account review
• Greystone Bank - 1.02% (min $50K) account review
• ISN Bank - 1.01% (min $1K) account review
• E-LOAN - 1.00% ($10K min), account review
• H&R Block Bank - 1.00% (min $250) account review
• ETrade Bank - 0.85% (min $1K), account review
• AmTrustDirect - 0.75% (min $1K) account review
• Capital One - 0.25% (min $5K) account review

9-Month Certificates of Deposit:

• OneWest Bank/Indymac - 2.65% (min $5K) account review
• Consumers CU - 2.50% (min $250) (2.75% $100K+) account review
• UmbrellaBank - 2.50% (min $1K) account review
• FirstFedDirect - 2.40% (min $10K) account review
• GMAC Bank - 2.30% (min $500), account review
• NewDominion Bank - 2.25% (min $3K) account review
• Bank of America - 2.25% (min $5K), risk-free, not all states (account review)
• Imperial Capital - 2.10% ($2K min), account review
• EverBank - 2.00% ($1.5K min) account review
• 1st Mariner Bank - 2.00% (10 mo) (min $100/max $50K) requires chk, account review
• VirtualBank - 1.97% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• Century Bank Direct - 1.71% (10 mo) (min $1K) account review
• Academy Bank - 1.70% (min $500), account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• E-LOAN - 1.25% ($10K min), account review
• ING Direct - 1.25% account review
• iGobanking - 1.25% (min $1K) account review
• Bank of Internet - 1.10% (min $1K) account review
• AmTrustDirect - 0.75% (min $1K) account review

12-Month Certificates of Deposit:

• Gateway Regional CU - 3.56% (min $1K) restrictions to membership, account review
• Melrose CU - 3.19% (min $5K) account review
• Alliant Credit Union - 3.15% (min $25K) account review
• Southeast Financial FCU - 3.10% (min $500) account review
• Connexus CU - 3.00% (11 mo) (min $1K) account review
• Charter Bank - 3.00% (14 mo) (min $5K) account review
• Credit Union of Georgia - 2.99% (min $50K), account review
• GMAC Bank - 2.85% (min $500), account review
• UFB Direct - 2.85% (min $8K)
• Delta Community CU - 2.85% (min $1K) account review
• UmbrellaBank - 2.80% (min $1K) account review
• Tennessee Commerce Bank - 2.80% (min $5K)
• Corus Bank - 2.80% (min $10K) account review
• H&R Block Bank - 2.75% (min $250) account review
• State Bank of India - 2.73% (min $5K) account review
• Crane FCU - 2.73% (min $500) account review
• Acacia Federal Savings Bank - 2.65% (15 mo) (min $500) account review
• Bank of America - 2.65% (min $10K) not all states, account review
• Mutual Bank - 2.60% (min $2.5K) account review
• Hudson City Savings - 2.60% (min $5K) account review
• Intervest - 2.55% (min $2.5K), account review
• Ascencia Bank - 2.51% (min $500), account review
• eBank - 2.50% (min $1K)
• Imperial Capital - 2.50% ($2K min), account review
• Air Force FCU - 2.50% (min $25K) membership restrictions account review
• NewDominion Bank - 2.50% (min $3K) account review
• FirstFedDirect - 2.50%, (min $10K) account review
• Discover Bank - 2.50% (min $2.5K) account review ($50 bonus)
• Citibank - 2.50% (min $500)
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Pacific Mercantile Bank - 2.43% (min $10K) account review
• Navy FCU - 2.40% ($20K min) restrictions to membership, account review
• Mountain America CU - 2.40% (min $1K) account review
• La Jolla Bank - 2.35% (min $10K), account review
• Northrop Grumman FCU - 2.32% (min $40K), account review
• HSBC Direct - 2.30% (min $10) account review
• Fifth Third - 2.30% (11 mo) (min $5K), Not all states, account review
• EverBank - 2.30% ($1.5K min) account review
• Geauga Savings Bank - 2.25% (min $1K) account review
• Earthstar Bank - 2.20% (min $500) account review
• National Bank of KC - 2.10% (min $10K) account review
• Advanta Bank - 2.10% (min $10K), account review
• Northwest FCU - 2.06% (min $500) add-on, account review
• Flagstar - 2.01% (min $500), account review
• Nationwide Bank - 2.00% (min $500) account review
• FNBO Direct - 2.00% (min $500) account review
• KeyDirect - 2.00% (11 mo) (min $5K), 2.25% w/chk, Not all states, account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• Academy Bank - 1.90% (min $500), account review
• Century Bank Direct - 1.81% (15 mo) (min $1K) account review
• E-LOAN - 1.75% ($10K min), account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• Bank of Internet - 1.50% (min $1K) account review
• ING Direct - 1.50% account review

18-Month Certificates of Deposit:

• Gateway Regional CU - 3.61% (min $1K) restrictions to membership, account review
• Southeast Financial FCU - 3.25% (min $500) account review
• Dime Savings Bank - 3.25% IRA Only (min $500) account review
• Alliant Credit Union - 3.15% (min $25K) account review
• NorthEast Community Bank - 3.05% (min $500) account review
• UmbrellaBank - 2.90% (min $1K), account review
• First Trade Union Bank - 2.90% (min $500) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• Intervest - 2.75% (min $2.5K), account review
• Consumers CU - 2.75% (16-mo) (min $250) (3.00% $100K+) account review
• Mutual Bank - 2.75% (16 mo) (min $2.5K) account review
• GMAC Bank - 2.75% (min $500) account review
• NewDominion Bank - 2.65% (min $3K) account review
• eBank - 2.60% (min $1K)
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Discover Bank - 2.50% (min $2.5K), account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• HSBC Direct - 2.35% (min $10) account review
• EverBank - 2.30% ($1.5K min) account review
• Advanta Bank - 2.30% (min $10K), account review
• VirtualBank - 2.28% (min $10K), account review
• USA FCU - 2.20% (min $1K) account review
• Wachovia - 2.00% (17 mo) varies by state (min $5K) account review
• E-LOAN - 1.95% ($10K min) account review
• Century Bank Direct - 1.91% (20 mo) (min $1K) account review
• Greystone Bank - 1.66% (min $50K) account review
• Capital One - 1.50% (min $5K) account review
• ING Direct - 1.50%, account review
• OnBank - 1.25% (min $500), account review

24-Month Certificates of Deposit:

• Gateway Regional CU - 3.81% (min $1K) restrictions to membership, account review
• Melrose CU - 3.34% (min $5K) account review
• Alliant Credit Union - 3.30% (min $25K) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• Credit Union of Georgia - 3.25% (min $50K), account review
• GMAC Bank - 3.10% (min $500) account review
• Consumers CU - 3.00% (22-mo) (min $250) (3.25% $100K+) account review
• Firstmark CU - 2.95% (min $50K) account review
• Tennessee Commerce Bank - 2.95% (min $5K)
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• UFB Direct - 2.90% (min $8K)
• eBank - 2.85% (min $1K)
• Fifth Third - 2.85% (min $5K) not all states, account review
• Intervest - 2.85% (min $2.5K), account review
• State Bank of India - 2.83% (min $5K) account review
• Crane FCU - 2.80% (min $500) account review
• State Farm Bank - 2.77% (21 mo) (min $500) account review
• NewDominion Bank - 2.75% (min $3K) account review
• KeyDirect - 2.75% (29 mo) (min $5K), 3.00% w/chk, Not all states, account review
• FNBO Direct - 2.75% (min $500) account review
• H&R Block Bank - 2.75% (min $250) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Advanta Bank - 2.60% (min $10K), account review
• 1st Source Bank - 2.50% (min $5K) account review
• Mountain America CU - 2.50% (min $1K) account review
• Northwest FCU - 2.42% (min $500) add-on, account review
• Nationwide Bank - 2.25% (min $500) account review
• MetLife Bank - 2.20% (min $50K) account review
• E-LOAN - 2.20% ($10K min) account review
• iGobanking - 2.00% (min $500), account review
• Capital One - 2.00% (min $5K) (2.10% $100K+) account review
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, account review

36-Month Certificate of Deposit:

• Navy FCU - 4.35% (30mo IRA-only) ($15K min) restrictions to membership, account review
• Gateway Regional CU - 3.98% (min $1K) restrictions to membership, account review
• Alliant Credit Union - 3.75% (min $25K) account review
• Pentagon Federal CU - 3.50% (min $1K), account review
• Melrose CU - 3.49% (min $5K) account review
• GMAC Bank - 3.25% (min $500) account review
• Intervest - 3.15% (min $2.5K), account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Acacia Federal Savings Bank - 3.15% (min $500) account review
• State Bank of India - 3.14% (min $5K) account review
• UFB Direct - 3.05% (min $8K)
• eBank - 3.00% (min $1K)
• Discover Bank - 3.00% (min $2.5K) account review
• NewDominion Bank - 3.00% (min $3K) account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• H&R Block Bank - 3.00% (min $250) account review
• Northrop Grumman FCU - 2.95% (min $40K), account review
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• Agriculture FCU - 2.90% (min $1K) account review
• Advanta Bank - 2.80% (min $10K), account review
• Mountain America CU - 2.75% (min $1K) account review
• Northwest FCU - 2.72% (min $25K) account review
• Nationwide Bank - 2.70% (min $500) account review
• Western FCU - 2.65% (min $40K), account review
• 1st Source Bank - 2.50% (min $500) account review
• E-LOAN - 2.45% ($10K min) account review
• Bank of Internet - 2.25% (min $1K) account review
• Flagstar - 2.20% (min $500), account review
• Capital One - 2.00% (min $5K) account review

48-Month Certificate of Deposit:

• Gateway Regional CU - 4.08% (min $1K) restrictions to membership, account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Pentagon Federal CU - 3.75% (min $1K), account review
• Melrose CU - 3.65% (min $5K) account review
• Intervest - 3.55% (min $2.5K), account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Tennessee Commerce Bank - 3.30% (min $5K)
• Discover Bank - 3.25% (min $2.5K) account review
• Mountain America CU - 3.25% (min $1K) account review
• GMAC Bank - 3.25% (min $500) account review
• H&R Block Bank - 3.15% (min $250) account review
• Bank of America DOW - 3.11% (min $1K) account review
• Flagstar - 3.00% (min $500), account review
• Third Federal - 3.00% (min $500) account review
• Nationwide Bank - 3.00% (min $500) account review
• Countrywide - 3.00% (min $10K), account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• Advanta Bank - 3.00% (min $10K), account review
• Western FCU - 2.86% (min $40K), account review
• Northwest FCU - 2.82% (min $25K) account review
• 1st Source Bank - 2.80% (min $500) account review
• USA FCU - 2.80% (min $1K) account review
• National Bank of KC - 2.75% (min $10K) account review
• E-LOAN - 2.65% ($10K min) account review
• Capital One - 2.50% (min $5K) account review
• Patelco CU - 2.48% ($1K min), account review

60-Month Certificate of Deposit:

• Gateway Regional CU - 4.60% (min $1K) restrictions to membership, account review
• Melrose CU - 4.06% (min $5K) account review
• Connexus CU - 4.00% (min $1K) account review
• Alliant Credit Union - 4.00% (min $25K) account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Mountain America CU - 4.00% (min $1K) account review
• Firstmark CU - 3.85% (min $50K) account review
• Apple FCU - 3.85% (min $50K) account review
• Credit Union of Georgia - 3.82% (min $50K), account review
• Acacia Federal Savings Bank - 3.80% (min $500) account review
• Agriculture FCU - 3.75% (min $1K), account review
• Intervest - 3.66% (min $2.5K), account review
• Navy FCU - 3.60% ($20K min) (3.75% for $100K+) restrictions to membership, account review
• Salem Five Bank - 3.50% (min $10K), account review
• UFB Direct - 3.50% (min $8K)
• Discover Bank - 3.50% (min $2.5K) account review
• Consumers CU - 3.50% (59-mo) (min $250) (3.75% $100K+) account review
• KeyDirect - 3.50% (min $5K), 3.75% w/chk, Not all states, account review
• GMAC Bank - 3.50% (min $500) account review
• Delta Community CU - 3.50% (min $1K) account review
• Telcom Credit Union - 3.50% (min $500) account review
• US Bank - 3.50% (59 mo) (min $1K) account review
• State Bank of India - 3.44% (min $5K) account review
• Mutual Bank - 3.40% (min $2.5K) account review
• Northwest FCU - 3.35% (min $25K) account review
• Nationwide Bank - 3.30% (min $500) account review
• Third Federal - 3.25% (min $500) account review
• EverBank - 3.25% ($1.5K min) account review
• H&R Block Bank - 3.25% (min $250) account review
• Advanta Bank - 3.20% (min $10K), account review
• USA FCU - 3.20% (min $1K) account review
• Western FCU - 3.02% (min $40K) account review
• Flagstar - 3.00% (min $500), account review
• 1st Source Bank - 3.00% (min $500) account review
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• E-LOAN - 2.90% ($10K min) account review
• Patelco CU - 2.68% ($1K min), account review
• University FCU - 2.60% (min $2.5K), account review
• WaMu/Chase - 2.50% (min $1K) account review
• Capital One - 2.50% (min $5K) account review

84-Month Certificate of Deposit:

• Navy FCU - 4.00% ($20K min) restrictions to membership, account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Third Federal - 3.75% (6-yr) (min $500) account review
• Discover Bank - 3.70% (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
• Capital One/Costco - 2.55% (min $5K) account review
• Capital One - 2.50% (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
• 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
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• New York deals and CD rates
• North Carolina deals and CD rates
• North Dakota deals and CD rates
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• 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+
• Fidelity Money Market Fund - 0.98% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.78% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.68% 7-day yield
• TIAA-CREF Money Market Fund - 0.65% 7-day yeild
• Paypal Money Market Fund - 0.32% 7-day yield (1% cashback debit MasterCard)
• 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)