Bank Deals Weekly Summary for April 11, 2009

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

I hope everyone is having a happy Easter weekend. With the holidays I thought this was going to be a quiet weekend at the FDIC, but we did see two closures late yesterday: Cape Fear Bank in NC and New Frontier Bank in CO. We're now up to 23 bank closures for 2009. The Colorado closure is the fourth this year in which the FDIC could not find a buyer. The FDIC has arranged for the bank operations to continue for 30 days to allow checking account customers to smoothly transfer their insured deposits to other banks. CD customers will be receiving checks in the mail for their insured deposits (principal and interest accrued through Friday). The closure at Cape Fear Bank should be much easier for depositors. The FDIC was able to find another bank to take over Cape Fear Bank. It was another All-Deposit Transfer in which all deposits, including those over the FDIC limits, were transferred to the new bank (see post).

Optimism is starting to return on Wall Street as good news from Wells Fargo helped continue a stock market rally that has lasted for four weeks. Oil and commodity prices have also gone up which raises the fear that we'll be seeing rising inflation before long. Federal Reserve policy-makers still don't see inflation as an issue this year as the economy remains weak, but 2010 may be different, and they're discussing about how to tighten monetary policy before inflation gets out of hand.

Savings Account Rates

Update: Readers just reported seeing Darby Direct on Bankrate.com. It's a 3.00% APY no-minimum online savings account. I'll have a post on this soon.

There were signs this week that interest rates may be nearing a bottom. iGObanking actually raised its internet savings account rate from 1.85% to 2.12% APY. The new rate is nothing to get excited about, but it's nice to see interest rates rise for a change. Unfortunately, rate cuts are still the norm. We lost another 3% savings account this week with First Trade Union Bank cutting its High & Mighty Savings Account from 3.04% to 2.75% APY. Redneck Bank which offers a 3.10% APY savings account for balances up to $35K temporarily stopped offering new accounts due to overwhelming demand. Its two sister banks appear to be still allowing new applications (see post).

I posted on a new internet savings account with a 2.75% APY. It's at Wilshire State Bank. The account requires a $500 minimum to avoid fees, and it must be linked with one their checking accounts (see post).

In addition to an internet savings account, Wilshire State Bank is offering a high-yield installment savings account. Many banks that cater to the Korean community offer these installment accounts. It's like a CD in that it has a fixed rate for a period of time. However, unlike a CD, equal monthly deposits are required. Wilshire State Bank is currently offering rates of up to 5.12% APY for a 36-month term (see post).

Below is the list of rate changes for this week. It's an improvement from last Saturday. In addition to the iGobanking rate hike, there were fewer rate cuts.

Rate Hikes:

1. iGObanking - 2.12% (was 1.85%)

Rate Drops:

1. Amegy Bank - 2.10% $10K+ (was 2.20%)
2. Citibank Ultimate Savings - 1.65% (was 1.75%)
3. Imperial Capital iChecking - 1.20% (was 1.50%)
4. E*Trade Max-Rate Checking - 0.50% (was 0.75%)
5. First Trade Union Bank Savings - 2.75% (was 3.04%)
6. Provident Direct - 1.25% scheduled for 4/17 (down from 2.10%)
7. ShoreBank Savings - 2.45% (was 2.80%)
8. Flagstar MMA - 2.30% (was 2.41%)
9. FNCB Bank Savings - 2.25% (was 2.75%)
10. ADB Bank MMA - 2.25% (was 2.50%)
11. Corus Bank MMA - 2.20% (was 2.24%)
12. Nationwide MMA - 2.24% (was 2.29%)
13. Zions Bank MMA - 2.10% (was 2.17%)

Certificate of Deposit Rates

Like savings accounts, there were some hints that CD rates may be nearing a bottom. In addition to its savings account, iGObanking raised a few of its CD rates. A few other banks that raised CD rates include Discover Bank, State Bank of India and Advanta Bank. The rate hikes were minor, but it's nice to see them nevertheless.

There weren't any great CD deals this week at banks offering accounts nationwide. However, there were a few new local deals with short- and mid-term CD rates at 3% and higher. In addition, most of the deals I reported last week continue. The best ones continue to be at banks catering to the Korean-American communites. To see these CD specials, refer to my local CD deals below.

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% 4-mo CD at Danvers Bank (account review)
2. 2.75% 7-mo CD at Webster Bank (account review)
3. 2.53% 6-mo CD at Wilshire State Bank (account review
4. 2.75% 9-mo Jumbo CD (2.5% non-Jumbo) at Consumers CU (account review
5. 3.00% 11-mo CD at Connexus CU (account review)
6. 3.04% 12-mo CD at Melrose CU (account review)
7. 2.50% 12mo Add-On CD at Amboy Direct (account review)
8. 3.25% 22-mo Jumbo CD (3% non-Jumbo) at Consumers CU (account review)
9. 3.50% 36-mo CD at Alliant CU (account review)
10. 4.00% 60-mo CD at Pentagon FCU (account review)
11. 4.00% 60-mo CD at FNBO Direct (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 section and the state index section to find all the recent local deals. 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. 3.30% 6-mo CD & 3.40% 12-mo CD with Liquid Features at Center Bank in CA, WA & IL (account review)
3. 3.29% 6-mo Liquid CD at Saehan Bank in CA (account review)
4. 2.74% 7-mo CD & 3.05% 15-mo CD at The Bank of the Pacific in WA & OR (account review)
5. 3.00% 9-mo CD & 4.25% 5-yr CD at First Priority CU in MA (account review)
6. 3.10% 10-mo CD at Pacific Crest Savings Bank in WA (account review)
7. 3.25% 12-mo CD at Self Reliance New York FCU (account review)
8. 3.10% 12-mo Liquid CD at Nara Bank in CA, NY & NJ (account review)
9. 3.00% 15-mo CD at Independence Bank in RI (account review)
10. 3.15% 15-mo CD at Police & Fire CU in PA (account review)
11. 3.25% 17-mo CD at Royal Asian Bank & Royal Bank America in PA, NY & NJ (account review)
12. 3.25% 24-mo CD at First Republic Bank in Multiple States (account review)
13. 3.20% 24-mo CD at Park Cities Bank in Dallas (account review)
14. 4.50% 60-mo CD & 3% 12-mo CD at Urban Trust Bank in FL & MD (account review)

Reward Checking Accounts

I reported on 6 new reward checking accounts this week with rates ranging from 4% to 5.51% APY (see below). One is offerred by a credit union which provides an easy way that anyone can qualify for membership via an association membership (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

• 22nd and 23rd Bank Failure of 2009
• Bank Closures and Other FDIC News

Savings/Checking Accounts - National

• High-Yield Installment Savings Account, Internet Savings Account and CDs at Wilshire State Bank - Nationally Available
• New Monthly Fees for Premium Online Savings Accounts at Amboy Direct
• Redneck Bank Stops Accepting New Applications

CD Deals - National

• 2.85% 12-Month CD & Other Competitive CD Rates at Delta Community Credit Union - Easy Membership
• 2.65% 12-Month CD at OneWest Bank (IndyMac) - Nationally Available
• 4.00% 48-Month & 3.25% 24-Month IRA CDs at America's Christian Credit Union - Easy Membership
• 4.00% 60-Month CD at FNBO Direct - Nationally Available

Checking/Savings Account Bonuses

• Up to $100 Checking Account Bonus at Neighborhood Credit Union in Dallas
• Up to $160 Checking Account Bonus at FBOP Banks in CA, TX, AZ & IL
• $50 Checking Account Bonus at National Bank of Kansas City - Local Only

Reward Checking Accounts

• 4.25% Reward Checking Account at North Carolina Bank and Trust
• 4.00% Reward Checking Account at Coppermark Bank in TX & OK
• 5.01% Reward Checking Account at Pony Express Bank in Missouri
• 5.01% Reward Checking Account at R.I.A FCU in IA, IL & WI
• 4.25% Reward Checking Account at Pacific Resource Credit Union in California - Easy Membership
• 5.51% Reward Checking Account at Members Choice Community CU in IA & IL

CD and Money Market Deals - Local

• 2.90% 15-Month CD at Amalgamated Bank in NY, NJ, DC & CA
• 2.75% 12-Month CD & 2.60% 6-Month CD at Colonial Bank in FL, GA, Al, TX & NV
• 3.10% 10-Month CD at Pacific Crest Savings Bank in Washington State - Local Only
• 3.00% 24-Month CD at SharePlus Federal Bank in CA, TX, IN & KY
• 2.85% 18-Month Online CD & Other Competitive CD Rates at Community Banks of Colorado - CO Only
• Competitive Rates at Community Bank of Arizona and Nevada
• Very Competitive CD Rates at Credit Union 1 in IL & IN - ASI-Insured Only
• 3.15% 15-Month CD, 2.75% 6-Month CD & Other High CD Rates at Police and Fire CU in Pennsylvania
• 2.70% 7-Month CD & 3.40% 25-Month CD at Blueharbor Bank in North Carolina
• 2.75% 12-Month CD at NBRS Financial Bank in MD & PA
• 2.76% 12-Month CD & Other Competitive CD Rates at Baton Rouge Telco FCU in Louisiana
• 3.25% 2-Year CD & Other Competitive CD Rates at First Republic Bank in Several States
• 2.78% 9-Month CD & 5.50% 3-Year Installment Savings Account at Metro City Bank in Georgia - Local Only
• 3.00% 12-Month IRA CD & Other High IRA CD Rates at First National Bank of Long Island in New York

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 at this page. 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 April 11, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• Redneck/AmericaNet/Evantage Bank - 3.10% (up to $35K, 1.65% over) account review
• SmartyPig - 3.05% (min $25) account review
• Centennial Bank - 3.05% ($50K min), 3.30% ($100K min) account review
• Broadway Federal Bank - 3.05% ($1K min) account review
• Webster Bank - 2.75% (min $5K) guaranteed to 6/30/09, account review
• Alliant Credit Union - 2.75% (min $100) account review
• 1st Constitution Direct - 2.75% (min $100), 3 mo promo (2.50% stnd rate) account review
• First Trade Union Bank - 2.75% ($2.5K min) account review
• Wilshire State Bank - 2.75%, chk required (min $500) account review
• EverBank - 2.54% ($1.5K min), 3 mo promo rate of 2.51%, account review
• Alliant Credit Union - 2.50% Checking account review
• Danversbank - 2.50% account review
• ShoreBank - 2.45%, account review
• Mutual Bank - 2.35% MMA 3mo promo, (min $5K), account review
• CNB Bank Direct - 2.30% account review
• Heartland Bank Direct - 2.30% ($500 min), account review
• Flagstar - 2.30% MMA, account review
• Union Federal Savings - 2.25% account review
• OneWest Bank/Indymac - 2.25% (min $1K) account review
• Presidential Bank - 2.25% (min $5K, 1.50% over $35K), offers 2% checking, account review
• GMAC Bank - 2.25% Savings (min $500) account review
• Acacia Federal Savings Bank - 2.25% (guaranteed to 9/30/09) account review
• ADB Bank - 2.25% account review
• FNCB Bank - 2.25% (min $100) account review
• Nationwide Bank - 2.24% MMA (min $1K) account review
• Corus Bank - 2.18% MMA (min $10K) account review
• Clear Sky Accounts - 2.15% (not accepting new customers) account review
• iGObanking - 2.12%, account review
• Savings Square - 2.10%, account review
• Provident Direct - 2.10% (scheduled to fall to 1.25% on 4/17) account review
• Zions Bank - 2.10% MMA, outside of Utah, (min $2.5K) account review
• Amegy Bank - 2.10% (min $10K) account review
• CapitalOne/Costco - 2.06% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Hudson City Savings - 2.05% (min $2.5K) account review
• grand yield direct - 2.05% (min $2.5K) account review
• UmbrellaBank - 2.05% MMA (min $1K) 2.26% ($25K+) account review
• DollarSavingsDirect - 2.05% ($1K min) account review
• Capital One - 2.01% (Savings) (min $10K) account review
• OneUnited - 2.00% (min $1K), account review
• Venture Bank Direct - 2.00%, account review
• Bank of Internet - 2.00% (min $100) account review
• Charles Schwab - 2.00% Savings, account review
• Bank Provident Online - 2.00% (min $10) account review
• FNBO Direct - 1.90%, account review
• GMAC Bank - 1.90% MMA (min $500) account review
• Century Bank Direct - 1.79% Savings (min $100) account review
• WTDirect - 1.76% ($10K min), account review
• Discover Bank - 1.75% MMA (min $2.5K) (1.95% for $50K+) account review
• BankUnited - 1.75% (min $5K), account review
• H&R Block Bank - 1.75% ($50K min) account review
• Bank of America NEA - 1.75% MMA ($500 min) (1.80% for $50K+) account review
• CapitalOne/Costco - 1.70% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Bank of Internet - 1.70% MMA (min $100) account review
• Century Bank Direct - 1.69% MMA (min $1K) account review
• EverBank - 1.65% MMA ($1.5K min) account review
• HSBC Direct - 1.65% account review
• EmigrantDirect - 1.65%, account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• Citibank - 1.65% (Ultimate Savings) account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• Capital One - 1.50% MMA, account review
• Salem Five Direct - 1.50% Checking (1.65% $100K+), account review
• ING Direct - 1.50%, (0.25% checking), post ($25 bonus)
• UnivestDirect - 1.50%, (0.25% checking), account review
• Century Bank Direct - 1.45% Checking (min $100) account review
• ETrade Bank - 1.45%, account review
• Imperial Capital - 1.35% MMA ($2.5K min) (2.10% for $100K+) account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• E-LOAN - 1.26% Savings Plus ($10K min) (1.36% for $50K+) account review
• AmTrustDirect - 1.25% ($500 min) NEW e-Money Market (1.50% $10K+) account review
• GCF Bank - 1.20% (min $100), 3-mo promo, account review
• Transportation Alliance Bank - 1.20%, ($25 min), account review
• Imperial Capital - 1.20% Checking (min $1K) account review
• UFB Direct - 1.05% Absolute Savings (min $15K)
• AARP Financial Savings Center - 1.05%, AARP membership req, account review
• VirtualBank - 1.01% (min $100), (1.87% $25K+, 2.12% $50K+) post ($20 bonus)
• Charles Schwab - 1.00% Checking, account review
• iGObanking - 1.00% Checking, account review
• WaMu/Chase - 0.85% (requires checking), account review
• E-LOAN - 0.81% ($5K min), account review
• Rainier Pacific - 0.75% MMA, account review
• OnBank - 0.75%, account review
• M&T Bank - 0.75%, account review
• UFB Direct - 0.75%, Travelers Savings (min $10K) account review
• ETrade Bank - 0.50% Checking (min $5K) account review

3-Month Certificates of Deposit:

• Danversbank - 3.00% (4 mo) (min $500) account review
• Wilshire State Bank - 2.27% (min $1K) account review
• Hudson City Savings - 2.00% (min $5K) account review
• Imperial Capital - 1.80%, ($2K min), account review
• eBank - 1.80% (min $1K)
• GMAC Bank - 1.75% (min $500), account review
• UmbrellaBank - 1.70% (min $1K) account review
• EverBank - 1.45% ($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)
• H&R Block Bank - 0.75% (min $250) account review
• E-LOAN - 0.70% ($10K min), account review
• ETrade Bank - 0.60% (min $1K), account review

6-Month Certificates of Deposit:

• Webster Bank - 2.75% (7-mo) (min $5K) account review
• Wilshire State Bank - 2.53% (min $1K) account review
• Christian Community CU - 2.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
• Navy FCU - 2.40% ($10K min) restrictions to membership, account review
• eBank - 2.30% (min $1K)
• Corus Bank - 2.28% (min $10K) account review
• GMAC Bank - 2.25% (min $500), account review
• BankUnited - 2.25% (7-mo) (min $5K) account review
• Ascencia Bank - 2.25% (min $500), account review
• Hudson City Savings - 2.15% (min $5K) account review
• La Jolla Bank - 2.15% (min $10K), account review
• FirstFedDirect - 2.15% (min $10K), account review
• Firstmark CU - 2.15% (min $50K) account review
• UmbrellaBank - 2.15% (min $1K) account review
• Tennessee Commerce Bank - 2.10% (min $5K)
• Imperial Capital - 2.10% ($2K min), account review
• Air Force FCU - 2.05% (min $25K) membership restrictions account review
• Flagstar - 2.01% (min $500), account review
• Earthstar Bank - 2.00% (min $500) account review
• Excel National Bank - 2.00% (min $10K) account review
• Citibank - 2.00% (7-mo) (min $500) account review
• VirtualBank - 1.92% (min $10K), account review
• EverBank - 1.85% ($1.5K min) account review
• Bank of America DOW - 1.85% (min $1K) account review
• UFB Direct - 1.80% (min $8K)
• State Bank of India - 1.76% (min $5K) account review
• Northrop Grumman FCU - 1.73% (min $40K), account review
• Nationwide Bank - 1.60% (min $500) account review
• Zions Bank - 1.51% (min $1K) account review
• Century Bank Direct - 1.41% (5 mo) (min $1K) account review
• ISN Bank - 1.41% (min $1K) account review
• FNBO Direct - 1.25% (min $500) account review
• OneWest Bank/IndyMac - 1.25% (min $5K) account review
• ING Direct - 1.25%, account review
• HSBC Direct - 1.25% (min $10) account review
• H&R Block Bank - 1.00% (min $250) account review
• Greystone Bank - 1.00% (min $50K) account review
• ETrade Bank - 0.85% (min $1K), account review
• AmTrustDirect - 0.85% (min $10K) account review
• E-LOAN - 0.75% ($10K min), account review
• Capital One - 0.25% (min $5K) account review

9-Month Certificates of Deposit:

• Consumers CU - 2.50% (min $250) (2.75% $100K+) account review
• eBank - 2.45% (min $1K)
• GMAC Bank - 2.30% (min $500), account review
• FirstFedDirect - 2.15% (min $10K) account review
• Imperial Capital - 2.10% ($2K min), account review
• NewDominion Bank - 2.10% (min $3K) account review
• 1st Mariner Bank - 2.00% (10 mo) (min $100/max $50K) requires chk, account review
• UmbrellaBank - 2.00% (min $1K) account review
• OneWest Bank/Indymac - 2.00% (min $5K) account review
• VirtualBank - 1.97% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• EverBank - 1.85% ($1.5K min) account review
• Bank of America - 1.75% (min $5K), risk-free, not all states (account review)
• Academy Bank - 1.60% (min $500), account review
• Century Bank Direct - 1.51% (10 mo) (min $1K) 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
• E-LOAN - 0.95% ($10K min), account review
• AmTrustDirect - 0.85% (min $10K) account review

12-Month Certificates of Deposit:

• Melrose CU - 3.03% (min $5K) account review
• Connexus CU - 3.00% (11 mo) (min $1K) account review
• Alliant Credit Union - 2.90% (min $25K) account review
• Delta Community CU - 2.85% (min $1K) account review
• Charter Bank - 2.75% (14 mo) (min $5K) account review
• H&R Block Bank - 2.75% (min $250) account review
• Corus Bank - 2.74% (min $10K) account review
• Crane FCU - 2.73% (min $500) account review
• OneWest Bank/IndyMac - 2.65% (min $5K) account review
• BankUnited - 2.65% (min $5K) account review
• GMAC Bank - 2.65% (min $500), account review
• Gateway Regional CU - 2.63% (min $1K) restrictions to membership, account review
• Southeast Financial FCU - 2.60% (min $500) account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• Mutual Bank - 2.60% (min $2.5K) account review
• Acacia Federal Savings Bank - 2.60% (15 mo) (min $500) account review
• UFB Direct - 2.60% (min $8K)
• UmbrellaBank - 2.60% (min $1K) account review
• State Farm Bank - 2.54% (min $500) account review
• Wilshire State Bank - 2.53% (min $1K) account review
• Ascencia Bank - 2.51% (min $500), account review
• Amboy Direct - 2.50% Add-On (min $10K) account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Citibank - 2.50% (min $500)
• eBank - 2.50% (min $1K)
• Intervest - 2.45% (min $2.5K), account review
• Imperial Capital - 2.40% ($2K min), account review
• Hudson City Savings - 2.40% (min $5K) account review
• FirstFedDirect - 2.40%, (min $10K) account review
• NewDominion Bank - 2.40% (min $3K) account review
• Credit Union of Georgia - 2.38% (min $50K), account review
• Pacific Mercantile Bank - 2.38% (min $10K) account review
• Bank of America - 2.36% (min $5K) not all states, account review
• Discover Bank - 2.35% (min $2.5K) account review ($50 bonus)
• State Bank of India - 2.32% (min $5K) account review
• Advanta Bank - 2.30% (min $10K), account review
• HSBC Direct - 2.30% (min $10) account review
• Navy FCU - 2.30% ($20K min) restrictions to membership, account review
• Air Force FCU - 2.30% (min $25K) membership restrictions account review
• La Jolla Bank - 2.25% (min $10K), account review
• Mountain America CU - 2.20% (min $1K) account review
• Earthstar Bank - 2.20% (min $500) account review
• EverBank - 2.20% ($1.5K min) account review
• Geauga Savings Bank - 2.15% (min $1K) account review
• Fifth Third - 2.10% (11 mo) (min $5K), Not all states, account review
• Flagstar - 2.00% (min $500), account review
• KeyDirect - 2.00% (11 mo) (min $5K), 2.25% w/chk, Not all states, account review
• Northwest FCU - 1.96% (min $500) add-on, account review
• Nationwide Bank - 1.90% (min $500) account review
• National Bank of KC - 1.85% (min $10K) account review
• Academy Bank - 1.80% (min $500), account review
• Northrop Grumman FCU - 1.79% (min $40K), account review
• FNBO Direct - 1.75% (min $500) account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• Century Bank Direct - 1.61% (15 mo) (min $1K) account review
• ING Direct - 1.50% account review
• Bank of Internet - 1.50% (min $1K) account review
• E-LOAN - 1.30% ($10K min), account review

18-Month Certificates of Deposit:

• Alliant Credit Union - 2.90% (min $25K) account review
• NorthEast Community Bank - 2.79% (min $500) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Dime Savings Bank - 2.75% IRA Only (min $500) 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
• State Farm Bank - 2.71% (min $500) account review
• GMAC Bank - 2.70% (min $500) account review
• Gateway Regional CU - 2.69% (min $1K) restrictions to membership, account review
• Intervest - 2.65% (min $2.5K), account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• eBank - 2.60% (min $1K)
• NewDominion Bank - 2.55% (min $3K) account review
• UmbrellaBank - 2.55% (min $1K), account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• H&R Block Bank - 2.50% (min $250) account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• Advanta Bank - 2.40% (min $10K), account review
• Discover Bank - 2.35% (min $2.5K), account review
• HSBC Direct - 2.35% (min $10) account review
• VirtualBank - 2.28% (min $10K), account review
• First Trade Union Bank - 2.25% (min $500) account review
• EverBank - 2.20% ($1.5K min) account review
• USA FCU - 2.10% (min $1K) account review
• Wachovia - 2.00% (17 mo) varies by state (min $5K) account review
• E-LOAN - 1.75% ($10K min) account review
• Century Bank Direct - 1.71% (20 mo) (min $1K) account review
• Greystone Bank - 1.71% (min $50K) account review
• ING Direct - 1.50%, account review
• Capital One - 1.50% (min $5K) account review
• OnBank - 1.25% (min $500), account review

24-Month Certificates of Deposit:

• Melrose CU - 3.19% (min $5K) account review
• Gateway Regional CU - 3.05% (min $1K) restrictions to membership, account review
• Alliant Credit Union - 3.05% (min $25K) account review
• Consumers CU - 3.00% (22-mo) (min $250) (3.25% $100K+) account review
• GMAC Bank - 2.90% (min $500) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• eBank - 2.85% (min $1K)
• UFB Direct - 2.80% (min $8K)
• Southeast Financial FCU - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K) account review
• H&R Block Bank - 2.75% (min $250) account review
• FNBO Direct - 2.75% (min $500) account review
• Intervest - 2.75% (min $2.5K), account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• NewDominion Bank - 2.65% (min $3K) account review
• Firstmark CU - 2.65% (min $50K) account review
• Advanta Bank - 2.60% (min $10K), account review
• Fifth Third - 2.60% (min $5K) not all states, account review
• Credit Union of Georgia - 2.53% (min $50K), account review
• State Bank of India - 2.52% (min $5K) account review
• KeyDirect - 2.50% (29 mo) (min $5K), 2.75% w/chk, Not all states, account review
• Crane FCU - 2.48% (min $500) account review
• Mountain America CU - 2.40% (min $1K) account review
• Northwest FCU - 2.36% (min $500) add-on, account review
• iGobanking - 2.31% (min $500), account review
• 1st Source Bank - 2.25% (min $5K) account review
• Nationwide Bank - 2.25% (min $500) account review
• E-LOAN - 2.20% ($10K min) account review
• MetLife Bank - 2.20% (min $50K) account review
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, account review
• Capital One - 2.00% (min $5K) account review

36-Month Certificate of Deposit:

• Navy FCU - 4.10% (30mo IRA-only) ($15K min) restrictions to membership, account review
• State Bank of India - 3.55% (min $5K) account review
• Alliant Credit Union - 3.50% (min $25K) account review
• Pentagon Federal CU - 3.50% (min $1K), account review
• Melrose CU - 3.34% (min $5K) account review
• Gateway Regional CU - 3.25% (min $1K) restrictions to membership, account review
• GMAC Bank - 3.20% (min $500) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Acacia Federal Savings Bank - 3.15% (min $500) account review
• Discover Bank - 3.10% (min $2.5K) account review
• Intervest - 3.10% (min $2.5K), account review
• UFB Direct - 3.05% (min $8K)
• FNBO Direct - 3.01% (min $500) account review
• H&R Block Bank - 3.00% (min $250) account review
• eBank - 3.00% (min $1K)
• Advanta Bank - 2.80% (min $10K), account review
• NewDominion Bank - 2.75% (min $3K) account review
• Northwest FCU - 2.70% (min $25K) account review
• Nationwide Bank - 2.70% (min $500) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Mountain America CU - 2.65% (min $1K) account review
• Agriculture FCU - 2.65% (min $1K) account review
• KeyDirect - 2.50% (min $5K), 2.75% w/chk, Not all states, account review
• E-LOAN - 2.45% ($10K min) account review
• 1st Source Bank - 2.35% (min $500) account review
• Northrop Grumman FCU - 2.34% (min $40K), 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
• Western FCU - 1.83% (min $40K), account review

48-Month Certificate of Deposit:

• Alliant Credit Union - 3.75% (min $25K) account review
• Pentagon Federal CU - 3.75% (min $1K), account review
• Intervest - 3.55% (min $2.5K), account review
• FNBO Direct - 3.50% (min $500) account review
• Melrose CU - 3.49% (min $5K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Gateway Regional CU - 3.36% (min $1K) restrictions to membership, account review
• Discover Bank - 3.25% (min $2.5K) account review
• GMAC Bank - 3.25% (min $500) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• H&R Block Bank - 3.15% (min $250) account review
• Bank of America DOW - 3.11% (min $1K) account review
• Mountain America CU - 3.00% (min $1K) account review
• Advanta Bank - 3.00% (min $10K), account review
• Countrywide - 3.00% (min $10K), account review
• Nationwide Bank - 3.00% (min $500) account review
• Third Federal - 3.00% (min $500) account review
• Northwest FCU - 2.80% (min $25K) account review
• KeyDirect - 2.75% (min $5K), 3.00% w/chk, Not all states, account review
• National Bank of KC - 2.75% (min $10K) account review
• Flagstar - 2.75% (min $500), account review
• 1st Source Bank - 2.65% (min $500) account review
• E-LOAN - 2.65% ($10K min) account review
• USA FCU - 2.64% (min $1K) account review
• Capital One - 2.50% (min $5K) account review
• Patelco CU - 2.48% ($1K min), account review
• Western FCU - 2.24% (min $40K), account review

60-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Connexus CU - 4.00% (min $1K) account review
• FNBO Direct - 4.00% (min $500) account review
• Melrose CU - 3.91% (min $5K) account review
• Acacia Federal Savings Bank - 3.80% (min $500) account review
• Alliant Credit Union - 3.75% (min $25K) account review
• US Bank - 3.75% (59 mo) (min $1K) account review
• Intervest - 3.66% (min $2.5K), account review
• State Bank of India - 3.65% (min $5K) account review
• iGobanking - 3.61% (min $500), account review
• Discover Bank - 3.60% (min $2.5K) account review
• Firstmark CU - 3.55% (min $50K) account review
• Mountain America CU - 3.51% (min $1K) account review
• Telcom Credit Union - 3.50% (min $500) account review
• Delta Community CU - 3.50% (min $1K) account review
• GMAC Bank - 3.50% (min $500) account review
• Consumers CU - 3.50% (59-mo) (min $250) (3.75% $100K+) account review
• UFB Direct - 3.50% (min $8K)
• Salem Five Bank - 3.50% (min $10K), account review
• Gateway Regional CU - 3.46% (min $1K) restrictions to membership, account review
• Apple FCU - 3.40% (min $50K) account review
• Mutual Bank - 3.40% (min $2.5K) account review
• Agriculture FCU - 3.40% (min $1K), account review
• Navy FCU - 3.35% ($20K min) (3.50% for $100K+) restrictions to membership, account review
• Northwest FCU - 3.34% (min $25K) account review
• Advanta Bank - 3.30% (min $10K), account review
• Nationwide Bank - 3.30% (min $500) account review
• E-LOAN - 3.25% ($10K min) account review
• H&R Block Bank - 3.25% (min $250) account review
• Third Federal - 3.25% (min $500) account review
• EverBank - 3.25% ($1.5K min) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• USA FCU - 3.04% (min $1K) account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• 1st Source Bank - 3.00% (min $500) account review
• Dollar Savings Direct - 3.00% (min $1K) account review
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• Flagstar - 2.75% (min $500), account review
• University FCU - 2.60% (min $2.5K), account review
• Patelco CU - 2.58% ($1K min), account review
• Capital One - 2.50% (min $5K) account review
• WaMu/Chase - 2.50% (min $1K) account review
• Western FCU - 2.36% (min $40K) account review

84-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Navy FCU - 4.00% ($20K min) restrictions to membership, 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 - 3.25% (min $5K) 3.50% 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
• Ohio deals and CD rates
• Oklahoma deals and CD rates
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• 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 - 0.96% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.68% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.60% 7-day yield
• TIAA-CREF Money Market Fund - 0.54% 7-day yeild
• Paypal Money Market Fund - 0.27% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.27% 7-day yield
• FW Thread on Treasury Bills
• I Bonds for 2009, I Bond Article, I Bonds as CD Alternatives

Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)