Bank Deals Weekly Summary for April 18, 2009

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

Two small banks were closed yesterday. That makes 25 bank failures for 2009 which equals the total closed in 2008. For both closures, the FDIC was able to find other banks that agreed to assume all of the failed bank deposits. So no depositor will lose any money. However, if depositors of the failed banks had CDs, their rates may be cut. Last Tuesday I reported on a news article which looked at this issue at a bank that failed in February. The new bank that took over the deposits decided to cut the CD interest rates from 4% to 1%.

The stock market rally continues, and there is more talk that the recession is nearing an end. First quarter earning reports this week from Citigroup and Chase were stronger than expected which added to the optimism. However, with the weak economy, more people and companies will be defaulting on loans. So the banks are not out of the woods yet. Unfortunately, banks are returning to profitability at the expense of consumers. Depositors are paying the price with much lower rates. It's also costing many borrowers who are seeing hikes in their credit card interest rates. Here's an example that was mentioned in the Connecticut Post article:

The U.S. Office of Thrift Supervision said Thursday the cost of funds for the institutions it regulates was the lowest it's been since October 2005. Banks are borrowing at less than 3 percent and then loaning the money out at nearly 18 percent.

Savings Account Rates

Last Sunday I posted on Darby Direct and its new 3.00% APY internet savings account. It's the highest savings account rate on my list without minimum balance requirements, rate tiers or other restrictions. It's a small bank that has been listed at Bankrate, so the question is how long can they remain on top? There have been many similar banks that launched high-yield online savings accounts over the past year, and a few of them continue to offer competitive rates. Examples include CNB Bank Direct, Union Federal Savings Bank and Venture Bank Direct. These online savings account rates are not on top, but they're much higher than the old ones such as those from HSBC Direct, ETrade, Emigrant Direct and ING Direct.

For those looking for the best bank yields, another option is an installment savings account. It requires equal monthly deposits from the bank's checking account to the savings account. Like a CD, the rate is fixed during the term. Also like a CD, there is an early withdrawal penalty. Many banks that cater to the Korean community offer these installment accounts. I just posted on a new one on Friday with a 5.75% APY and a 5-year term. It's not available nationwide, but the bank does have branches in several states (see post). I posted on an installment savings account in the previous week that can be opened online from any state. It's at Wilshire State Bank, and the rates are as high as 5.12% APY for a 3-year term (see post).

Below is the list of savings account rate changes for this week. The good news is that there were fewer banks cutting rates as compared to previous weeks. However, there was one big disappointment. ETrade Bank cut their Complete Savings Account rate to 1.20% APY. The Complete Savings Account had been a rate leader for some time, but now it's getting close to the bottom.

Rate Hikes:

1. Darby Direct - 3.00% (new)

Rate Drops:

1. CNB Bank Direct - 2.20% (was 2.30%)
2. Hudson City Savings MM - 2.00% (was 2.05%)
3. Imperial Capital iMM - 2.05% for $100K+ (was 2.10%)
4. Danvers Savings - 2.05% (was 2.50%)
5. Mutual Bank 3mo MMA promo - 2.21% (was 2.35%)
6. ETrade Complete Savings - 1.20% (was 1.45%)
7. Clear Sky Savings - 2.05% (was 2.15%)

Certificate of Deposit Rates

One bit of good news for CD rates was at GMAC Bank which raised their 1-year CD rate from 2.65% to 2.75% APY. However, this was the exception. Several banks and credit unions continued to cut rates especially on terms under 2 years.

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. Several of the deals I reported on in previous weeks continue. 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. 2.50% 4-mo CD at Danvers Bank (account review)
2. 2.53% 6-mo CD at Wilshire State Bank (account review)
3. 2.75% 9-mo Jumbo CD (2.5% non-Jumbo) at Consumers CU (account review)
4. 3.00% 11-mo CD at Connexus CU (account review)
5. 3.04% 12-mo CD at Melrose CU (account review)
6. 2.75% 12mo CD at GMAC Bank (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. 2.55% 7-mo CD & 3.05% 13-month CD at DCH Credit Union in AL (account review)
6. 3.00% 9-mo CD & 4.25% 5-yr CD at First Priority CU in MA (account review)
7. 3.10% 10-mo CD at Pacific Crest Savings Bank in WA (account review)
8. 3.25% 12-mo CD at Self Reliance New York FCU (account review)
9. 3.14% 15-mo CD at Athol-Clinton Co-operative Bank in MA (account review)
10. 3.00% 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. 3.00% 24-mo CD & 2.70% 13-mo CD at Broadway Bank in Chicago (account review)
15. 4.50% 60-mo CD & 2.75% 12-mo CD at Urban Trust Bank in FL & MD (account review)

Reward Checking Accounts

I reported on 4 new reward checking accounts this week with rates ranging from 4.01% to 4.51% APY (see below). All four accounts are local deals. 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

• 24th & 25th Bank Failure of 2009 - In MO & NV
• Update on Series I Savings Bonds: Six Months of 0% for All Existing I Bonds
• Banking News: GMAC, CDARS and CDs at Failed Banks

Savings/Checking Accounts - National

• Review of the New Internet Savings Account at Darby Direct - Nationally Available

CD Deals - National

• Survey of Special High-Yield Low-Cap Certificates of Deposit & Savings Accounts
• 3.00% 22-Month CD & Other Competitive CD Rates at Consumers Credit Union in IL - Easy Membership
• 2.75% 14-Month CD at Charter Bank - Nationally Available

Checking/Savings Account Bonuses

• $100 Checking Account Bonus (no DD Required) at WesBanco - Only for WV, OH & PA
• $215 Checking Account Bonus at HomeStreet Bank in WA, OR & HI
• $150 Direct Deposit Bonus & 2.25% 7-Month CD at Charter Oak Credit Union in CT
• $100 Checking Account Bonus at Sovereign Bank
• Bank of America $75 Checking Account Bonus for Existing Credit Card Customers
• $150 Checking Account Bonus at SECU Credit Union in Maryland - Local Only

Reward Checking Accounts

• 4.51% Reward Checking Account at First-Lockhart National Bank in Texas
• 4.01% Reward Checking Account at Panther Community Bank in Southwest Florida
• 4.25% Reward Checking Account at Atlantic Stewardship Bank in New Jersey
• 4.25% Reward Checking Account at FORUM Credit Union in Indiana

CD and Money Market Deals - Local

• Installment Savings Accounts with Rates from 5.50% to 6.25% at Woori America Bank in NY, NJ, PA, MD, VA & CA
• 3.14% 15-Month CD at Athol-Clinton Co-operative Bank in Massachusetts - Local Only
• 2.86% 12-Month CD & 3.12% 24-Month CD at A-B Credit Union in Wisconsin
• 2.70% 12-Month CD at HomeStreet Bank in WA & OR - Local Only
• 3.05% 13-Month CD & 2.55% 7-Month CD at DCH Credit Union in Alabama
• 3.00% 13-Month CD at Pacific West Bank in Oregon - Local Only
• 3.04% 24-Month CD & Other Top CD/IRA Rates at Atlas Savings in New York
• 3.25% 24-Month CD & 2.65% 12-Month CD at Bank of Illinois
• 2.79% 6-Month CD at Blue Ridge Savings Bank in North Carolina
• 2.79% 18-Month CD at Neighborhood National Bank in California
• 3.00% 12-Month CD at CommunityWide FCU in Indiana - Local Only
• 3.00% 19-Month & 2.75% 9-Month Add-On CDs at Civic Bank & Trust In Tennessee
• 4.00% 59-Month CD at US Bank Branches in CA, MO & Maybe Other States
• 3.00% 25-Month CD & 2.70% 13-Month CD at Broadway Bank in Chicago

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 18, 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
• Broadway Federal Bank - 3.05% ($1K min) account review
• Centennial Bank - 3.05% ($50K min), 3.30% ($100K min) account review
• SmartyPig - 3.05% (min $25) account review
• Darby Direct - 3.00%, account review
• Wilshire State Bank - 2.75%, chk required (min $500) account review
• First Trade Union Bank - 2.75% ($2.5K min) account review
• 1st Constitution Direct - 2.75% (min $100), 3 mo promo (2.50% stnd rate) account review
• Alliant Credit Union - 2.75% (min $100) 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
• ShoreBank - 2.45%, account review
• Flagstar - 2.30% MMA, account review
• Heartland Bank Direct - 2.30% ($500 min), account review
• FNCB Bank - 2.25% (min $100) account review
• ADB Bank - 2.25% account review
• Acacia Federal Savings Bank - 2.25% (guaranteed to 9/30/09) account review
• GMAC Bank - 2.25% Savings (min $500) 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
• Union Federal Savings - 2.25% account review
• Nationwide Bank - 2.24% MMA (min $1K) account review
• Mutual Bank - 2.21% MMA 3mo promo, (min $5K), account review
• CNB Bank Direct - 2.20% account review
• Corus Bank - 2.18% MMA (min $10K) account review
• iGObanking - 2.12%, account review
• Amegy Bank - 2.10% (min $10K) account review
• Zions Bank - 2.10% MMA, outside of Utah, (min $2.5K) account review
• Savings Square - 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
• UmbrellaBank - 2.05% MMA (min $1K) 2.26% ($25K+) account review
• grand yield direct - 2.05% (min $2.5K) account review
• Clear Sky Accounts - 2.05% (not accepting new customers) account review
• Danversbank - 2.05% account review
• Capital One - 2.01% (Savings) (min $10K) account review
• Bank Provident Online - 2.00% (min $10) 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
• OneUnited - 2.00% (min $1K), account review
• Hudson City Savings - 2.00% (min $2.5K) account review
• GMAC Bank - 1.90% MMA (min $500) account review
• FNBO Direct - 1.90%, account review
• Century Bank Direct - 1.79% Savings (min $100) account review
• WTDirect - 1.76% ($10K min), account review
• Bank of America NEA - 1.75% MMA ($500 min) (1.80% for $50K+) account review
• H&R Block Bank - 1.75% ($50K min) account review
• BankUnited - 1.75% (min $5K), account review
• Discover Bank - 1.75% MMA (min $2.5K) (1.95% for $50K+) account review
• Bank of Internet - 1.70% MMA (min $100) account review
• CapitalOne/Costco - 1.70% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Century Bank Direct - 1.69% MMA (min $1K) account review
• Citibank - 1.65% (Ultimate Savings) account review
• Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• EmigrantDirect - 1.65%, account review
• HSBC Direct - 1.65% account review
• EverBank - 1.65% MMA ($1.5K min) account review
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• UnivestDirect - 1.50%, (0.25% checking), account review
• ING Direct - 1.50%, (0.25% checking), post ($25 bonus)
• Salem Five Direct - 1.50% Checking (1.65% $100K+), account review
• Capital One - 1.50% MMA, account review
• Century Bank Direct - 1.45% Checking (min $100) 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
• Provident Direct - 1.25% account review
• Imperial Capital - 1.20% Checking (min $1K) account review
• Transportation Alliance Bank - 1.20%, ($25 min), account review
• GCF Bank - 1.20% (min $100), 3-mo promo, account review
• ETrade Bank - 1.20%, account review
• AARP Financial Savings Center - 1.05%, AARP membership req, account review
• UFB Direct - 1.05% Absolute Savings (min $15K)
• VirtualBank - 1.01% (min $100), (1.87% $25K+, 2.07% $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
• UFB Direct - 0.75%, Travelers Savings (min $10K) account review
• M&T Bank - 0.75%, account review
• OnBank - 0.75%, account review
• Rainier Pacific - 0.75% MMA, account review
• ETrade Bank - 0.50% Checking (min $5K) account review

3-Month Certificates of Deposit:

• Danversbank - 2.50% (4 mo) (min $500) account review
• Wilshire State Bank - 2.27% (min $1K) account review
• Hudson City Savings - 2.00% (4 mo) (min $5K) account review
• eBank - 1.80% (min $1K)
• Imperial Capital - 1.80%, ($2K min), account review
• UFB Direct - 1.75% (min $8K)
• GMAC Bank - 1.75% (min $500), account review
• UmbrellaBank - 1.70% (min $1K) account review
• EverBank - 1.40% ($1.5K min) account review
• VirtualBank - 1.31% (min $10K), account review
• Nationwide Bank - 1.20% (min $500) account review
• 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:

• 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
• eBank - 2.30% (min $1K)
• GMAC Bank - 2.25% (min $500), account review
• Corus Bank - 2.25% (min $10K) account review
• UmbrellaBank - 2.15% (min $1K) account review
• FirstFedDirect - 2.15% (min $10K), account review
• La Jolla Bank - 2.15% (min $10K), account review
• Ascencia Bank - 2.15% (min $500), account review
• Imperial Capital - 2.10% ($2K min), account review
• Tennessee Commerce Bank - 2.05% (min $5K)
• Excel National Bank - 2.00% (min $10K) account review
• Earthstar Bank - 2.00% (min $500) account review
• Hudson City Savings - 2.00% (min $5K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• VirtualBank - 1.92% (min $10K), account review
• Air Force FCU - 1.90% (min $25K) membership restrictions account review
• EverBank - 1.85% ($1.5K min) account review
• Firstmark CU - 1.85% (min $50K) account review
• UFB Direct - 1.80% (min $8K)
• Bank of America DOW - 1.75% (min $1K) account review
• Citibank - 1.75% (7-mo) (min $500) account review
• Nationwide Bank - 1.60% (min $500) account review
• Flagstar - 1.60% (min $500), account review
• Zions Bank - 1.51% (min $1K) account review
• State Bank of India - 1.51% (min $5K) account review
• Northrop Grumman FCU - 1.50% (min $40K), account review
• ISN Bank - 1.41% (min $1K) account review
• Century Bank Direct - 1.41% (5 mo) (min $1K) 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
• FNBO Direct - 1.25% (min $500) account review
• Greystone Bank - 1.23% (min $50K) account review
• H&R Block Bank - 1.00% (min $250) account review
• AmTrustDirect - 0.85% (min $10K) account review
• E-LOAN - 0.75% ($10K min), account review
• ETrade Bank - 0.75% (min $1K), 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
• NewDominion Bank - 2.10% (min $3K) account review
• Imperial Capital - 2.10% ($2K min), account review
• UmbrellaBank - 2.05% (min $1K) account review
• KeyDirect - 2.00% (8 mo) (min $5K), 2.25% w/chk, Not all states, account review
• OneWest Bank/Indymac - 2.00% (min $5K) account review
• Salem Five Bank - 2.00% (min $10K), account review
• VirtualBank - 1.92% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• EverBank - 1.85% ($1.5K min) account review
• Bank of America - 1.60% (min $5K), risk-free, rates vary by state (account review)
• Century Bank Direct - 1.51% (10 mo) (min $1K) account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• 1st Mariner Bank - 1.50% (10 mo) (min $100/max $50K) requires chk, account review
• Academy Bank - 1.30% (min $500), account review
• ING Direct - 1.25% account review
• iGobanking - 1.25% (min $1K) 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
• GMAC Bank - 2.75% (min $500), account review
• Charter Bank - 2.75% (14 mo) (min $5K) account review
• Corus Bank - 2.74% (min $10K) account review
• Crane FCU - 2.73% (min $500) account review
• UmbrellaBank - 2.60% (min $1K) account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• Southeast Financial FCU - 2.60% (min $500) account review
• BankUnited - 2.60% (min $5K) account review
• OneWest Bank/IndyMac - 2.60% (min $5K) account review
• UFB Direct - 2.55% (min $8K)
• Acacia Federal Savings Bank - 2.55% (15 mo) (min $500) account review
• State Farm Bank - 2.54% (min $500) account review
• Wilshire State Bank - 2.53% (min $1K) account review
• eBank - 2.50% (min $1K)
• Citibank - 2.50% (min $500)
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Amboy Direct - 2.50% Add-On (min $10K) account review
• Ascencia Bank - 2.48% (min $500), account review
• Mutual Bank - 2.47% (min $2.5K) account review
• NewDominion Bank - 2.40% (min $3K) account review
• FirstFedDirect - 2.40%, (min $10K) account review
• Imperial Capital - 2.40% ($2K min), account review
• Intervest - 2.40% (min $2.5K), account review
• Pacific Mercantile Bank - 2.38% (min $10K) account review
• Discover Bank - 2.35% (min $2.5K) account review ($50 bonus)
• Navy FCU - 2.30% ($20K min) restrictions to membership, account review
• HSBC Direct - 2.30% (min $10) account review
• Advanta Bank - 2.30% (min $10K), account review
• Credit Union of Georgia - 2.27% (min $50K), account review
• La Jolla Bank - 2.25% (min $10K), account review
• Hudson City Savings - 2.25% (min $5K) account review
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• Earthstar Bank - 2.20% (min $500) account review
• EverBank - 2.15% ($1.5K min) account review
• Air Force FCU - 2.15% (min $25K) membership restrictions account review
• Fifth Third - 2.10% (11 mo) (min $5K), Not all states, account review
• Geauga Savings Bank - 2.05% (min $1K) account review
• State Bank of India - 2.02% (min $5K) account review
• Wachovia - 2.00% (14 mo) chk req, varies by state (min $5K) account review
• Flagstar - 2.00% (min $500), account review
• Bank of America - 2.00% (min $5K) rates vary by state, account review
• H&R Block Bank - 2.00% (min $250) account review
• Northwest FCU - 1.93% (min $500) add-on, account review
• Nationwide Bank - 1.90% (min $500) account review
• Mountain America CU - 1.90% (min $1K) account review
• National Bank of KC - 1.85% (min $10K) account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• FNBO Direct - 1.75% (min $500) account review
• KeyDirect - 1.75% (min $5K), 2.00% w/chk, Not all states, account review
• Northrop Grumman FCU - 1.71% (min $40K), account review
• Century Bank Direct - 1.61% (15 mo) (min $1K) account review
• Bank of Internet - 1.50% (min $1K) account review
• ING Direct - 1.50% account review
• Academy Bank - 1.50% (min $500), account review
• E-LOAN - 1.30% ($10K min), account review

18-Month Certificates of Deposit:

• Alliant Credit Union - 2.90% (min $25K) account review
• Consumers CU - 2.75% (16-mo) (min $250) (3.00% $100K+) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• NewDominion Bank - 2.72% (min $3K) account review
• State Farm Bank - 2.71% (min $500) account review
• GMAC Bank - 2.70% (min $500) account review
• Mutual Bank - 2.62% (16 mo) (min $2.5K) account review
• eBank - 2.60% (min $1K)
• Tennessee Commerce Bank - 2.60% (min $5K)
• Intervest - 2.60% (min $2.5K), account review
• UmbrellaBank - 2.55% (min $1K), account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• HSBC Direct - 2.35% (min $10) account review
• Discover Bank - 2.35% (min $2.5K), account review
• Advanta Bank - 2.30% (min $10K), account review
• Gateway Regional CU - 2.30% (min $1K) restrictions to membership, account review
• VirtualBank - 2.28% (min $10K), account review
• First Trade Union Bank - 2.25% (min $500) account review
• EverBank - 2.15% ($1.5K min) account review
• USA FCU - 2.10% (min $1K) account review
• Greystone Bank - 2.05% (min $50K) account review
• NorthEast Community Bank - 2.02% (min $500) account review
• H&R Block Bank - 2.00% (min $250) account review
• E-LOAN - 1.75% ($10K min) account review
• Century Bank Direct - 1.71% (20 mo) (min $1K) 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 - 3.19% (min $5K) 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
• eBank - 2.85% (min $1K)
• Tennessee Commerce Bank - 2.85% (min $5K)
• Gateway Regional CU - 2.80% (min $1K) restrictions to membership, account review
• State Bank of India - 2.78% (min $5K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Intervest - 2.75% (min $2.5K), account review
• FNBO Direct - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• UFB Direct - 2.75% (min $8K)
• Advanta Bank - 2.60% (min $10K), account review
• Credit Union of Georgia - 2.53% (min $50K), account review
• KeyDirect - 2.50% (28 mo) (min $5K), 2.75% w/chk, Not all states, account review
• Fifth Third - 2.50% (min $5K) not all states, account review
• Air Force FCU - 2.50% (min $25K) membership restrictions account review
• Crane FCU - 2.48% (min $500) account review
• Firstmark CU - 2.34% (min $50K) account review
• iGobanking - 2.31% (min $500), account review
• Northwest FCU - 2.31% (min $500) add-on, account review
• Nationwide Bank - 2.25% (min $500) account review
• 1st Source Bank - 2.25% (min $5K) account review
• H&R Block Bank - 2.25% (min $250) account review
• MetLife Bank - 2.20% (min $50K) account review
• E-LOAN - 2.20% ($10K min) account review
• Mountain America CU - 2.10% (min $1K) account review
• Capital One - 2.00% (min $5K) account review
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, 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
• Pentagon Federal CU - 3.50% (min $1K), account review
• Alliant Credit Union - 3.50% (min $25K) account review
• Melrose CU - 3.34% (min $5K) account review
• GMAC Bank - 3.20% (min $500) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Gateway Regional CU - 3.15% (min $1K) restrictions to membership, account review
• Intervest - 3.10% (min $2.5K), account review
• Discover Bank - 3.10% (min $2.5K) account review
• Acacia Federal Savings Bank - 3.10% (min $500) account review
• UFB Direct - 3.05% (min $8K)
• FNBO Direct - 3.01% (min $500) account review
• eBank - 3.00% (min $1K)
• Advanta Bank - 2.80% (min $10K), account review
• NewDominion Bank - 2.75% (min $3K) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Nationwide Bank - 2.70% (min $500) account review
• Agriculture FCU - 2.65% (min $1K) account review
• Northwest FCU - 2.59% (min $25K) account review
• KeyDirect - 2.50% (min $5K), 2.75% w/chk, Not all states, account review
• H&R Block Bank - 2.50% (min $250) account review
• E-LOAN - 2.45% ($10K min) account review
• Mountain America CU - 2.40% (min $1K) account review
• Northrop Grumman FCU - 2.38% (min $40K), account review
• 1st Source Bank - 2.35% (min $500) 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 - 1.66% (min $40K), account review

48-Month Certificate of Deposit:

• Pentagon Federal CU - 3.75% (min $1K), account review
• Alliant Credit Union - 3.75% (min $25K) 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
• Gateway Regional CU - 3.36% (min $1K) restrictions to membership, account review
• Acacia Federal Savings Bank - 3.35% (min $500) account review
• GMAC Bank - 3.25% (min $500) account review
• Discover Bank - 3.25% (min $2.5K) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Bank of America DOW - 3.11% (min $1K) 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
• Advanta Bank - 3.00% (min $10K), account review
• Flagstar - 2.75% (min $500), account review
• National Bank of KC - 2.75% (min $10K) account review
• KeyDirect - 2.75% (min $5K), 3.00% w/chk, Not all states, account review
• Mountain America CU - 2.75% (min $1K) account review
• Northwest FCU - 2.70% (min $25K) account review
• E-LOAN - 2.65% ($10K min) account review
• 1st Source Bank - 2.65% (min $500) account review
• USA FCU - 2.64% (min $1K) account review
• Capital One - 2.50% (min $5K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Patelco CU - 2.48% ($1K min), account review
• Western FCU - 2.06% (min $40K), account review

60-Month Certificate of Deposit:

• FNBO Direct - 4.00% (min $500) account review
• Connexus CU - 4.00% (min $1K) account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Melrose CU - 3.91% (min $5K) account review
• State Bank of India - 3.80% (min $5K) account review
• US Bank - 3.75% (59 mo) (min $1K) account review
• Alliant Credit Union - 3.75% (min $25K) account review
• Acacia Federal Savings Bank - 3.75% (min $500) account review
• Intervest - 3.66% (min $2.5K), account review
• iGobanking - 3.61% (min $500), account review
• Discover Bank - 3.60% (min $2.5K) account review
• UFB Direct - 3.50% (min $8K)
• Consumers CU - 3.50% (59-mo) (min $250) (3.75% $100K+) 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
• Gateway Regional CU - 3.46% (min $1K) restrictions to membership, account review
• Agriculture FCU - 3.40% (min $1K), account review
• Apple FCU - 3.40% (min $50K) account review
• Navy FCU - 3.35% ($20K min) (3.50% for $100K+) restrictions to membership, account review
• Salem Five Bank - 3.35% (min $10K), account review
• Mutual Bank - 3.34% (min $2.5K) account review
• Nationwide Bank - 3.30% (min $500) account review
• Advanta Bank - 3.30% (min $10K), account review
• EverBank - 3.25% ($1.5K min) account review
• Third Federal - 3.25% (min $500) account review
• E-LOAN - 3.25% ($10K min) account review
• Northwest FCU - 3.25% (min $25K) account review
• Mountain America CU - 3.25% (min $1K) account review
• Firstmark CU - 3.25% (min $50K) account review
• USA FCU - 3.04% (min $1K) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Dollar Savings Direct - 3.00% (min $1K) account review
• 1st Source Bank - 3.00% (min $500) account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, 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
• WaMu/Chase - 2.50% (min $1K) account review
• Capital One - 2.50% (min $5K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Western FCU - 2.30% (min $40K) 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 - 3.25% (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
• 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
• South Dakota deals and CD rates
• 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 - 0.93% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.62% 7-day yield
• Vanguard Prime Money Market Fund - 0.55% 7-day yield
• TIAA-CREF Money Market Fund - 0.50% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.30% 7-day yield
• Paypal Money Market Fund - 0.23% 7-day yield (1% cashback debit MasterCard)
• 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)