Bank Deals Weekly Summary for March 7, 2009

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

We saw more disturbing financial news this week. Stocks of major companies dipped to new lows that were once unthinkable. Citigroup's share price actually dipped below $1 last week (see article).

Then there was the news about the FDIC insurance fund and the potential of it becoming insolvent. The reporting of this news went overboard in my opinion. The FDIC is trying to shore up its deposit insurance fund by raising premiums it charges banks. It's taking action so the fund doesn't become insolvent. FDIC insolvency isn't something that worries me. The FDIC has long claimed that the deposit insurance fund is backed by the full faith and credit of the United States Government. Breaking this promise would greatly worsen the financial crisis. If the deposit insurance fund runs out of money and the FDIC's line of credit with the Treasury runs out, we would just get another bailout.

We'll likely see many more bank failures this year, but yesterday was fairly quiet. There was just one small Georgia bank that failed. Like most of the failures this year, all deposits, including those above the FDIC limits, were transferred to the assuming bank (see post). I would not plan for this to continue so I would recommend everyone stay below the FDIC limits. Keeping your deposits under the FDIC limits may become easier if the $250K limit is made permanent. There is legislation in Congress to make the $250K limit permanent (see post). If this doesn't pass, the $250K limit will end on December 31st.

Savings Account Rates

Banks continued to slash savings account rates this week. Dollar Savings Direct just cut its rate from 2.50% to 2.25% APY (see post). At least it's still over 2%. HSBC Direct and iGObanking both cut their savings account rates to 1.85% APY, and I'm afraid the cuts may not end as rates fall below 2%. ING Direct reduced its Orange Savings account rate from 1.85% to 1.65% APY this week.

There are still a few banks and credit unions offering savings account rates of 3% APY and higher (see below). With all banks cutting rates, it may seem hopeless to switch now just for what may be a temporary hike in interest rates. Just remember that this is what banks are hoping people will think. Competition is an important factor that is preventing rates from falling to near zero percent. The more we are willing to move our money, the more competition there will be.

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

Rate Hikes:

1. None

Rate Drops:

1. Union Federal Savings - 2.50% (was 2.75%)
2. Savings Square - 2.30% (was 2.60%)
3. Grand Yield Direct - 2.25% (was 2.50%)
4. BankUnited - 1.75% (was 2.05%)
5. E-LOAN Savings Plus - 1.65% $10K+, 1.95% $50K+ (was 1.85%, 2.05%)
6. Dollar Savings Direct - 2.25% (was 2.50%)
7. HSBC Direct Savings - 1.85% (was 2.25%)
8. Provident Direct Savings - 2.10% (was 2.82%)
9. GMAC Bank Savings - 2.65% (was 2.75%)
10. ING Direct Electric Orange - 0.50%, 1.75% $50K+, 1.95% $100K+ (was 0.5%, 1.95%, 2.15%)
11. Emigrant Direct Savings - 2.00% (was 2.05%)
12. iGObanking savings - 1.85% (was 2.00%)
13. Corus Bank MMA - 2.44% (was 2.48%)
14. Bank Provident Online - 2.40% (was 2.65%)
15. Bank of Internet Savings - 2.00% (was 2.50%)
16. Century Bank Direct Savings - 2.39% (was 2.59%)
17. Century Bank Direct MMA - 2.29% (was 2.49%)
18. Century Bank Direct Checking - 2.05% (was 2.25%)
19. Zions Internet MMA - 2.28% (was 2.50%)
20. ING Direct Savings - 1.65% (was 1.85%)
21. EverBank 3mo intro rate - 2.51% (was 3.51%)
22. EverBank MMA ongoing APY - 2.03% (was 2.46%)
23. Alliant CU Checking - 2.75% (was 3.00%)

Certificate of Deposit Rates

Most of the CD rate cuts this week were at credit unions as they posted new rates for March. Even at credit unions, it's getting difficult finding CD rates over 4% for long-term CDs and over 3% for short-term CDs.

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. 2.50% 9-mo Risk-Free CD at Bank of America (account review)
2. 3.25% 6-mo CD at Navy FCU (account review)
3. 3.15% 12-mo & 4% 48-mo CD at Alliant CU (account review)
4. 4.00% 60-mo CD at MACU - small penalty (account review)
5. 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. 4.00% 12-mo CD at Regal Financial Bank in WA (account review)
2. 3.29% 6-mo CD & 3.87% 15-mo CD at Progressive CU in NY, NY (account review)
3. 4.00% 12-mo CD at Self Reliance New York FCU (account review)
4. 3.56% 3 to 12-mo Internet CDs at Hanmi Bank in CA (account review)
5. 3% 9-mo CD & 4.25% 5-yr CD at First Priority CU in MA (account review)
6. 4.25% 59-mo CD at US Bank in CA (account review)
7. 4.50% 60-mo CD & 4% 39-mo CD at Urban Trust Bank in FL & MD (account review

Reward Checking Accounts

I posted on nine new reward checking accounts this week with five offering over 5% APY. One of the nine is available nationwide, but its rate is only 4.51% APY (see post). As is typical for reward checking accounts, most of these have balance caps of $25K and they have debit card usage requirements plus other requirements to qualify for these rates. And it should be noted, reward checking rates are also declining. Nevertheless, most reward checking rates continue to be higher than online savings account rates.

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

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

Banking News

• 17th Bank Failure of 2009: Freedom Bank of Georgia
• FDIC News and Status of Making the $250K Coverage Limit Permanent
• Media Mentions & Help for New Readers

Savings/Checking Accounts - National

• Dollar Savings Direct Cuts Savings Account Rate Again - Options and Issues to Consider
• 2.75% Online Savings Account and High Yield CDs at First National Community Bank in PA

CD Deals - National

• 2.50% 9-Month Risk Free CD at Bank of America in Many States
• Review of GMAC Bank and its 12-Month CD - Nationally Available
• 3.25% 6-Month CD at Navy Federal Credit Union
• Pentagon Federal Credit Union's March CD Rates

Checking/Savings Account Bonuses

• $100 Checking Account Bonus at Compass Bank (available in AL, AZ, CO, FL, NM & TX)
• Checking Account Bonus and Latest News at HSBC
• $75 Checking Account Bonus Extended at PNC Bank

Reward Checking Accounts

• 4.50% Reward Checking Account at Brookhaven Bank in Georgia
• 4.51% Reward Checking Account at First National Community Bank in PA
• 5.01% Reward Checking Account at Bank 1440 in Arizona
• 5.11% Reward Checking Account at Erie Federal Credit Union in Pennsylvania
• 5.01% Reward Checking Account at Bank of Newington in Georgia
• 3.01% Reward Checking Account at Bank of Hiawassee in Georgia
• 5.05% Reward Checking Account at Bank of Asheville in North Carolina
• 4.51% Reward Checking Account at Northstar Bank of Texas
• 5.01% Reward Checking Account at Raritan Bay Federal Credit Union in New Jersey

CD and Money Market Deals - Local

• 4.25% 59-Month CD at US Bank Continues in CA - Benefit of Opening CD at Downey Savings Branches
• 3.15% 12-Month CD at Global Commerce Bank - Georgia Only
• 3.51% Savings Account for $100K+ at Valley Community Bank in Illinois
• 3.85% 13-Month CD at The Village Bank in Southern Utah
• 3.03% 13-Month CD & Other High CD Rates at Bank of Essex in MD & VA
• 3.00% 6-Month CD & 3.25% 12-Month CD at Mission Oaks National Bank in California
• 3.03% 18-Month CD at Meridian Bank in Arizona
• 4.08% 5-Year CD & 2.90% 7-Month CD at Arizona Bank & Trust in Phoenix
• 4.50% 60-Month CD & 4.00% 39-Month CD at Urban Trust Bank in FL & MD
• 3.50% 12-Month CD at First Bank in New Jersey
• 4.00% Checking Account With No Debit Card Requirements at First Citizens Bank of Georgia - Local Deal

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 7, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• 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
• ADB Bank - 3.00% account review
• Alliant Credit Union - 3.00% (min $100) account review
• CNB Bank Direct - 3.00% account review
• 1st Constitution Direct - 3.00% (min $100), 3 mo promo (2.95% stnd rate) account review
• Clear Sky Accounts - 2.85% (not accepting new customers) account review
• FNCB Bank - 2.75% (min $100) account review
• OneUnited - 2.75% (min $1K), account review
• Flagstar - 2.65% MMA, account review
• Mutual Bank - 2.65% MMA 3mo promo, (min $5K), account review
• GMAC Bank - 2.65% Savings (min $500) account review
• Presidential Bank - 2.60% (min $5K, 2.40% over $35K), offers 2% checking, account review
• Heartland Bank Direct - 2.55% ($500 min), account review
• EverBank - 2.54% ($1.5K min), 3 mo promo rate of 2.51%, account review
• Union Federal Savings - 2.50% account review
• Venture Bank Direct - 2.48%, account review
• Corus Bank - 2.44% MMA (min $10K) account review
• FNBO Direct - 2.40%, account review
• Provident Bank Online - 2.40% (min $10) account review
• Nationwide Bank - 2.39% MMA (min $1K) account review
• Century Bank Direct - 2.39% Savings (min $100) account review
• CapitalOne/Costco - 2.33% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Amegy Bank - 2.30% (min $10K) account review
• Savings Square - 2.30%, account review
• Century Bank Direct - 2.29% MMA (min $1K) account review
• Zions Bank - 2.28% MMA, outside of Utah, (min $2.5K) account review
• Capital One - 2.27% (Savings) (min $10K) account review
• Indymac Federal Bank - 2.25% (min $1K) account review
• grand yield direct - 2.25% (min $2.5K) account review
• DollarSavingsDirect - 2.25% ($1K min) account review
• UmbrellaBank - 2.20% MMA (min $1K), account review
• GMAC Bank - 2.15% MMA (min $500) account review
• Citibank - 2.10% (Ultimate Savings) account review
• Provident Direct - 2.10%, account review
• Discover Bank - 2.05% MMA (min $2.5K) (2.30% for $50K+) account review
• Century Bank Direct - 2.05% Checking (min $100) 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)
• WTDirect - 2.01% ($10K min), account review
• Charles Schwab - 2.00% Savings, account review
• EmigrantDirect - 2.00%, account review
• Bank of Internet - 2.00% (min $100) account review
• ETrade Bank - 1.95%, post ($25 bonus)
• iGObanking - 1.85%, account review
• HSBC Direct - 1.85% account review
• CapitalOne/Costco - 1.80% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Salem Five Direct - 1.75% Checking (2.00% $100K+), account review
• Imperial Capital - 1.75% MMA ($2.5K min) (2.25% for $100K+) account review
• AmTrustDirect - 1.75% ($500 min) NEW e-Money Market (2.00% $10K+) account review
• H&R Block Bank - 1.75% ($50K min) account review
• BankUnited - 1.75% (min $5K), account review
• UnivestDirect - 1.70%, (0.50% checking), account review
• Bank of Internet - 1.70% MMA (min $100) account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• E-LOAN - 1.65% Savings Plus ($10K min) (1.95% for $50K+) account review
• ING Direct - 1.65%, (0.50% checking), post ($25 bonus)
• Capital One - 1.60% MMA, account review
• Imperial Capital - 1.60% Checking (min $1K) account review
• Bank of America NEA - 1.40% MMA ($500 min) (1.50% for $50K+) account review
• GCF Bank - 1.40% (min $100), 3-mo promo, account review
• Transportation Alliance Bank - 1.35%, ($25 min), account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• OnBank - 1.30%, account review
• E-LOAN - 1.21% ($5K min), 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+, 2.28% $50K+) post ($20 bonus)
• M&T Bank - 1.01%, account review
• iGObanking - 1.00%, Checking, account review
• Charles Schwab - 1.00% Checking, account review
• WaMu/Chase - 1.00% (requires 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 - 2.10% (min $5K) account review
• UmbrellaBank - 1.95% (min $1K) account review
• Imperial Capital - 1.85%, ($2K min), account review
• GMAC Bank - 1.85% (min $500), account review
• EverBank - 1.70% ($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 - 3.25% ($10K min) restrictions to membership, account review
• Christian Community CU - 3.00% (7-mo) (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Northrop Grumman FCU - 2.62% (min $40K), account review
• eBank - 2.55% (min $1K)
• Ascencia Bank - 2.50% (min $500), account review
• UFB Direct - 2.50% (min $8K)
• GMAC Bank - 2.50% (min $500), account review
• Firstmark CU - 2.50% (min $50K) account review
• Tennessee Commerce Bank - 2.40% (min $5K)
• Corus Bank - 2.40% (min $10K) account review
• Imperial Capital - 2.35% ($2K min), account review
• Air Force FCU - 2.35% (min $25K) membership restrictions account review
• UmbrellaBank - 2.35% (min $1K) account review
• Hudson City Savings - 2.35% (min $5K) account review
• FirstFedDirect - 2.30% (min $10K), account review
• La Jolla Bank - 2.25% (min $10K), account review
• State Bank of India - 2.12% (min $5K) account review
• Citibank - 2.10% (7-mo) (min $500) account review
• EverBank - 2.01% ($1.5K min) account review
• Century Bank Direct - 2.01% (5 mo) (min $1K) account review
• Flagstar - 2.01% (min $500), account review
• Excel National Bank - 2.00% (min $10K) account review
• HSBC Direct - 2.00% (min $10) 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
• 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
• Greystone Bank - 1.25% (min $50K) account review
• ING Direct - 1.25%, account review
• E-LOAN - 1.25% ($10K min), account review
• ISN Bank - 1.01% (min $1K) 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:

• Christian Community CU - 3.00% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Consumers CU - 2.50% (min $250) (2.75% $100K+) account review
• UmbrellaBank - 2.50% (min $1K) account review
• GMAC Bank - 2.50% (min $500), account review
• 1st Mariner Bank - 2.50% (10 mo) (min $100/max $50K) requires chk, account review
• Bank of America - 2.50% (min $10K), risk-free, not all states (account review)
• FirstFedDirect - 2.40% (min $10K) account review
• Imperial Capital - 2.30% ($2K min), account review
• NewDominion Bank - 2.25% (min $3K) account review
• Century Bank Direct - 2.11% (10 mo) (min $1K) account review
• EverBank - 2.01% ($1.5K min) account review
• Indymac Federal Bank - 2.00% (10 mo) (min $5K) account review
• Fifth Third - 2.00% (min $5K), Not all states, account review
• VirtualBank - 1.97% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• Academy Bank - 1.80% (min $500), account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• E-LOAN - 1.45% ($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:

• Melrose CU - 3.39% (min $5K) 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
• Connexus CU - 3.00% (11 mo) (min $10K) account review
• Delta Community CU - 3.00% (min $1K) account review
• Christian Community CU - 3.00% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• Northrop Grumman FCU - 2.96% (min $40K), account review
• GMAC Bank - 2.95% (min $500), account review
• UFB Direct - 2.90% (min $8K)
• Corus Bank - 2.89% (min $10K) account review
• UmbrellaBank - 2.85% (min $1K) account review
• Ascencia Bank - 2.85% (min $500), account review
• Tennessee Commerce Bank - 2.80% (min $5K)
• Crane FCU - 2.80% (min $500) account review
• Intervest - 2.75% (min $2.5K), account review
• H&R Block Bank - 2.75% (min $250) account review
• eBank - 2.75% (min $1K)
• Mutual Bank - 2.70% (min $2.5K) account review
• Imperial Capital - 2.65% ($2K min), account review
• State Bank of India - 2.63% (min $5K) account review
• Navy FCU - 2.60% ($20K min) restrictions to membership, account review
• Air Force FCU - 2.60% (min $25K) membership restrictions account review
• Hudson City Savings - 2.60% (min $5K) account review
• NewDominion Bank - 2.50% (min $3K) account review
• FirstFedDirect - 2.50%, (min $10K) account review
• HSBC Direct - 2.50% (min $10) account review
• Fifth Third - 2.50% (13 mo) (min $5K), Not all states, account review
• Discover Bank - 2.50% (min $2.5K) account review ($50 bonus)
• EverBank - 2.45% ($1.5K min) account review
• La Jolla Bank - 2.45% (min $10K), account review
• Northwest FCU - 2.44% (min $500) add-on, account review
• Pacific Mercantile Bank - 2.43% (min $10K) account review
• Mountain America CU - 2.40% (min $1K) account review
• Indymac Federal Bank - 2.35% (min $5K) account review
• Citibank - 2.30% (min $500)
• Advanta Bank - 2.30% (min $10K), account review
• Bank of America - 2.25% (min $10K) account review
• KeyDirect - 2.25% (11 mo) (min $5K), 2.50% w/chk, Not all states, account review
• Century Bank Direct - 2.21% (15 mo) (min $1K) account review
• Earthstar Bank - 2.20% (min $500) account review
• Geauga Savings Bank - 2.20% (min $1K) account review
• National Bank of KC - 2.10% (min $10K) 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
• Academy Bank - 2.00% (min $500), account review
• E-LOAN - 1.90% ($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:

• Southeast Financial FCU - 3.25% (min $500) account review
• Alliant Credit Union - 3.15% (min $25K) account review
• Christian Community CU - 3.00% (min $1K) (max $20K) not NCUA insured (ASI only) account review
• UmbrellaBank - 2.95% (min $1K), account review
• First Trade Union Bank - 2.90% (min $500) account review
• Intervest - 2.90% (min $2.5K), account review
• NewDominion Bank - 2.90% (min $3K) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• eBank - 2.80% (min $1K)
• HSBC Direct - 2.75% (min $10) 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
• USA FCU - 2.55% (min $1K) account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• Advanta Bank - 2.50% (min $10K), account review
• H&R Block Bank - 2.50% (min $250) account review
• Discover Bank - 2.50% (min $2.5K), account review
• EverBank - 2.45% ($1.5K min) account review
• Century Bank Direct - 2.31% (20 mo) (min $1K) account review
• VirtualBank - 2.28% (min $10K), account review
• Greystone Bank - 2.00% (min $50K) account review
• Wachovia - 2.00% (17 mo) varies by state (min $5K) account review
• E-LOAN - 1.95% ($10K min) 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:

• Melrose CU - 3.55% (min $5K) account review
• Credit Union of Georgia - 3.40% (min $50K), account review
• Alliant Credit Union - 3.30% (min $25K) account review
• Southeast Financial FCU - 3.25% (min $500) account review
• eBank - 3.20% (min $1K)
• Firstmark CU - 3.05% (min $50K) account review
• Crane FCU - 3.04% (25 mo) (min $500) account review
• NewDominion Bank - 3.01% (min $3K) account review
• GMAC Bank - 3.00% (min $500) account review
• Consumers CU - 3.00% (22-mo) (min $250) (3.25% $100K+) account review
• Air Force FCU - 3.00% (min $25K) membership restrictions account review
• UFB Direct - 2.95% (min $8K)
• Intervest - 2.95% (min $2.5K), account review
• Tennessee Commerce Bank - 2.95% (min $5K)
• State Bank of India - 2.93% (min $5K) account review
• KeyDirect - 2.75% (29 mo) (min $5K), 3.00% w/chk, Not all states, account review
• Fifth Third - 2.75% (min $5K) 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
• Northwest FCU - 2.72% (min $500) add-on, account review
• Advanta Bank - 2.70% (min $10K), account review
• 1st Source Bank - 2.50% (min $5K) account review
• Mountain America CU - 2.50% (min $1K) account review
• Nationwide Bank - 2.25% (min $500) account review
• KeyDirect - 2.25% (min $5K), 2.50% w/chk, Not all states, 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

36-Month Certificate of Deposit:

• Navy FCU - 4.60% (30mo IRA-only) ($15K min) restrictions to membership, account review
• Alliant Credit Union - 3.75% (min $25K) account review
• Melrose CU - 3.70% (min $5K) account review
• Northrop Grumman FCU - 3.53% (min $40K), account review
• Pentagon Federal CU - 3.50% (min $1K), account review
• eBank - 3.40% (min $1K)
• Acacia Federal Savings Bank - 3.25% (min $500)
• Flagstar - 3.16% (min $500), account review
• Intervest - 3.15% (min $2.5K), account review
• Air Force FCU - 3.15% (min $25K) membership restrictions account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• State Bank of India - 3.14% (min $5K) account review
• UFB Direct - 3.05% (min $8K)
• Northwest FCU - 3.01% (min $25K) account review
• Discover Bank - 3.00% (min $2.5K) account review
• Advanta Bank - 3.00% (min $10K), account review
• NewDominion Bank - 3.00% (min $3K) account review
• GMAC Bank - 3.00% (min $500) 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
• Western FCU - 2.94% (min $40K), account review
• Agriculture FCU - 2.90% (min $1K) account review
• Fifth Third - 2.85% (37 mo) (min $5K) Not all states account review
• Mountain America CU - 2.75% (min $1K) account review
• Nationwide Bank - 2.70% (min $500) 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
• Capital One - 2.00% (min $5K) (2.55% $100K+) account review

48-Month Certificate of Deposit:

• Alliant Credit Union - 4.00% (min $25K) account review
• Christian Community CU - 4.00% (min $1K) not NCUA insured (ASI only) account review
• Melrose CU - 3.85% (min $5K) account review
• Pentagon Federal CU - 3.75% (min $1K), account review
• Intervest - 3.55% (min $2.5K), account review
• Flagstar - 3.50% (min $500), account review
• Acacia Federal Savings Bank - 3.50% (min $500)
• Tennessee Commerce Bank - 3.30% (min $5K)
• Third Federal - 3.25% (min $500) account review
• Mountain America CU - 3.25% (min $1K) account review
• Advanta Bank - 3.20% (min $10K), account review
• GMAC Bank - 3.20% (min $500) account review
• Northwest FCU - 3.17% (min $25K) account review
• H&R Block Bank - 3.15% (min $250) account review
• Western FCU - 3.12% (min $40K), account review
• Bank of America DOW - 3.11% (min $1K) account review
• USA FCU - 3.04% (min $1K) 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
• Discover Bank - 3.00% (min $2.5K) account review
• 1st Source Bank - 2.80% (min $500) account review
• Capital One - 2.75% (min $5K) account review
• National Bank of KC - 2.75% (min $10K) account review
• Patelco CU - 2.68% ($1K min), account review
• E-LOAN - 2.65% ($10K min) account review

60-Month Certificate of Deposit:

• Melrose CU - 4.27% (min $5K) account review
• Apple FCU - 4.10% (min $50K) account review
• Alliant Credit Union - 4.00% (min $25K) account review
• US Bank - 4.00% (59 mo) (min $1K) account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Christian Community CU - 4.00% (min $1K) not NCUA insured (ASI only) account review
• Mountain America CU - 4.00% (min $1K) 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
• Firstmark CU - 3.85% (min $50K) account review
• Credit Union of Georgia - 3.82% (min $50K), account review
• Northwest FCU - 3.81% (min $25K) account review
• Agriculture FCU - 3.75% (min $1K), account review
• Delta Community CU - 3.75% (min $1K) account review
• Telcom Credit Union - 3.75% (min $500) account review
• Intervest - 3.66% (min $2.5K), account review
• Flagstar - 3.65% (min $500), account review
• State Bank of India - 3.65% (min $5K) 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
• Third Federal - 3.50% (min $500) account review
• Mutual Bank - 3.50% (min $2.5K) 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
• Western FCU - 3.30% (min $40K) account review
• EverBank - 3.25% ($1.5K min) account review
• H&R Block Bank - 3.25% (min $250) account review
• Air Force FCU - 3.20% (min $25K) membership restrictions account review
• University FCU - 3.10% (min $2.5K), account review
• 1st Source Bank - 3.00% (min $500) account review
• E-LOAN - 2.90% ($10K min) account review
• Patelco CU - 2.89% ($1K min), account review
• Capital One - 2.75% (min $5K) account review
• WaMu/Chase - 2.50% (min $1K) account review

84-Month Certificate of Deposit:

• Navy FCU - 4.25% ($20K min) restrictions to membership, account review
• Third Federal - 4.00% (6-yr) (min $500) account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Intervest - 3.67% (min $2.5K), account review
• Discover Bank - 3.50% (min $2.5K) account review
• KeyDirect - 3.50% (min $5K) 3.75% w/chk, Not all states, 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
• Florida deals and CD rates
• Georgia deals and CD rates
• Hawaii deals and CD rates
• Idaho deals and CD rates
• Illinois deals and CD rates
• Indiana deals and CD rates
• Iowa deals and CD rates
• Kansas deals and CD rates
• Kentucky deals and CD rates
• Louisiana deals and CD rates
• Maine deals and CD rates
• Maryland deals and CD rates
• Massachusetts deals and CD rates
• Michigan deals and CD rates
• Minnesota deals and CD rates
• Mississippi deals and CD rates
• Missouri deals and CD rates
• Montana deals and CD rates
• Nebraska deals and CD rates
• Nevada deals and CD rates
• New Hampshire deals and CD rates
• New Jersey deals and CD rates
• New Mexico deals and CD rates
• New York deals and CD rates
• North Carolina deals and CD rates
• North Dakota deals and CD rates
• Ohio deals and CD rates
• Oklahoma deals and CD rates
• Oregon deals and CD rates
• Pennsylvania deals and CD rates
• Rhode Island deals and CD rates
• South Carolina deals and CD rates
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• Tennessee deals and CD rates
• Texas deals and CD rates
• Utah deals and CD rates
• Vermont deals and CD rates
• Virginia deals and CD rates
• Washington State deals and CD rates
• West Virginia deals and CD rates
• Wisconsin deals and CD rates
• Wyoming deals and CD rates

Bank Account Alternatives

• Money Magazine article on risk-free investments
• GE Interest Plus - 3.00% rate for $50k+
• Fidelity Money Market Fund - 1.03% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 1.02% 7-day yield
• TIAA-CREF Money Market Fund - 0.80% 7-day yeild
• Vanguard Tax-Exempt Money Market Fund - 0.74% 7-day yield
• Paypal Money Market Fund - 0.54% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.35% 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)