Bank Deals Weekly Summary for April 25, 2009

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

The federal regulators were active yesterday. Four banks were closed yesterday, and the NCUA placed a large South Florida credit union into conservatorship (see post). Very few depositors will be affected. Uninsured deposits were only affected at one of the four failed banks. The FDIC wasn't able to find a buyer for that bank, so they're closing the bank and mailing depositors their insured deposits. Out of $1 billion of deposits, the FDIC is estimating only $179,000 of potentially uninsured deposits (see post). We're seeing fewer uninsured deposits these days thanks to the temporary $250K coverage limit. Bills to make this permanent have been in Congress throughout this year. Finally, it may soon become law (see post).

Savings Account Rates

Darby Direct's 3.00% APY online savings account remains near the top as the best nationwide savings account deal (account review). There is still the question about how long this small bank will be able to maintain this rate nationwide. If you're looking for a good savings account for the long term, take a look at my recent post on the top savings accounts from the strongest banks. These are no-minimum online savings accounts with top rates from banks with strong financial ratings. They also have some history of maintaining competitive rates, but there's no guarantee that they'll remain competitive. One bank that's not on that list, but came very close is 1st Constitution Direct. It is still offering a 2.75% APY 3-month promo rate on its online savings account. The non-promo rate is also very competitive with a rate of 2.50% APY for balances over $10K, and 1.60% APY for balances under $10K. The only reason it didn't make the list was due to the $10K balance requirement to earn a rate of 2% or higher (see post).

There was another good deal for an installment savings account this week. It's at NewBank which is another Korean-American bank. They're offering installment savings accounts with some high rates including 6.50% APY for 6 months and 5.50% APY for 5 years. It's a local deal that's only available in New York and New Jersey (see post). I posted on an installment savings account earlier this month 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).

Rate cuts were announced for two of the savings account rate leaders. Redneck Bank and its two sister banks announced that their Mega Money Market rates will be falling from 3.10% APY to 2.00% APY for balances of up to $35K starting May 5th. Also, readers have reported being told by Alliant Credit Union that they'll be cutting their savings account rate in May from 2.75% to 2.50% APY. Another rate leader, Broadway Federal Bank, stopped listing the Anniversary savings account on its website. As of last week, it was still at 3.05% APY. I've emailed the bank about the status of this account, but it's probably a good bet that it's no longer available.

Below is the list of savings account rate changes for this week. The number of rate cuts continues to remain low compared to what it was earlier this year. So we may be nearing a bottom. The big disappointment for the week is at Venture Bank Direct which cut its savings account rate from 2.00% to 1.43% APY. It's interesting to note that its reward checking account remains at 3.50% APY for balances up to $25K.

Rate Hikes:

1. Doral Bank Direct - 2.25% (returned to nationwide availability)
2. Discover MMA - 2.00% $25K+ (was 1.95% $50K+)
3. AmTrustDirect Premium eMM - 2.25% $10K+ (was 1.50%)

Rate Drops:

1. Broadway Anniv Savings - no longer listed on website (was 3.04%)
2. Union Federal Savings - 2.15% (was 2.25%)
3. Nationwide Bank MMA - 2.15% (was 2.24%)
4. Amegy Bank MMA - 2.00% $10K+ (was 2.10%)
5. Venture Bank Direct Savings - 1.43% (was 2.00%)
6. Imperial Capital iMMA - 2.05% $100K+ (was 2.10%)
7. Alliant CU Savings - 2.50% scheduled for May (currently 2.75%)
8. Redneck/Evantage/AmericaNet MMA - 2% up to $35K, 1% over, sch for 5/5 (currently 3.10%, 1.65%)
9. First Trade Union Bank - 2.32% (was 2.75%)

Certificate of Deposit Rates

One bit of good news for CD rates was at Doral Bank Direct. Its CDs are now available nationwide. Earlier this year, it had stopped accepting applications outside of NY, NJ and CT. They now have the top nationwide 9-month CD rate from a bank (2.50% APY). Several of the CD deals I reported on in previous weeks continue. Below are some of the best new and old ones that are still active.

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. 2.50% 9-mo CD at Doral Bank Direct (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

Best Local CD Deals: Some of the best CD deals are 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. 3.29% 6-mo Liquid CD at Saehan Bank in CA (account review)
3. 2.78% 6-mo CD at First Heritage FCU in NY & PA (account review
4. 2.75% 6-mo CD ($25K max) at STC Capital Bank in Chicago (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. 3.30% 12-mo CD at Self Reliance New York FCU (account review)
8. 3.14% 15-mo CD at Athol-Clinton Co-operative Bank in MA (account review)
9. 3.00% 15-mo CD at Police & Fire CU in PA (account review)
10. 3.25% 17-mo CD at Royal Asian Bank & Royal Bank America in PA, NY & NJ (account review)
11. 3.00% 24-mo CD & 2.70% 13-mo CD at Broadway Bank in Chicago (account review)
12. 4.50% 60-mo CD & 2.75% 12-mo CD at Urban Trust Bank in FL & MD (account review)
13. 5.00% 60-mo CD & 3.00% 9-mo CD at Pacific Transportation FCU in CA (account review)

Reward Checking Accounts

I reported on 5 new reward checking accounts this week with rates ranging from 3.76% to 5.15% APY (see below). All five accounts are local deals. Redneck Bank and its two sister banks announced that they're cutting the rate of their reward checking accounts from 5.25% to 4.00% APY starting May 5th. The 5.25% APY was the highest rate on my list of nationwide reward checking accounts. The new top rate is now 5.15% APY at Connexus Credit Union.

For those who don't like the debit card usage requirements or the small balance caps, I posted on two good local non-reward checking account deals. One in California has a rate of up to 3.12% APY for a $50K balance (see post), and another with branches in Florida and Maryland has a 2.50% APY (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

• Eastern Financial Credit Union Placed into NCUA Conservatorship
• Four Bank Failures Today - 26th to 29th Failures for 2009
• Permanent Increase of FDIC Deposit Insurance Coverage May Soon Become Law
• Switching from a giant monster mega-bank to a credit union is easier than you think

Savings/Checking Accounts - National

• Top Online Savings Accounts - Best Yields and the Strongest Banks

CD Deals - National

• 2.50% 9-Month CD & 2.25% Savings Account at Doral Bank Direct - Nationally Available

Checking/Savings Account Bonuses

• $150 Checking Account Bonus at Lockheed FCU - Branch Visit in CA or NH Required
• $100 Checking Account Bonus at USAA Bank - Nationally Available but Membership Restrictions

Reward Checking Accounts

• Rate Cuts at Redneck Bank and Its Sister Banks
• 3.76% Reward Checking Account at the Department of Labor FCU in Washington DC
• 5.01% Rewards Checking Account at First National Community Bank in West Wisconsin
• 4.01% Reward Checking Account and Other Competitive Rates at Grand Bank, N.A. in New Jersey
• 5.15% Reward Checking Account at Greater Rome Bank in Georiga
• 4.01% Reward Checking Account at Columbia River Bank in WA & OR

CD and Money Market Deals - Local

• High Yield Installment Savings Accounts at NewBank in NY & NJ - Local Only
• 2.78% 6-Month CD at First Heritage FCU in Parts of NY & PA
• 2.50% Regular Checking Account at Urban Trust Bank in FL & MD - Local Only
• 2.50% 6-Month CD & 2.65% 9-Month CD at Plaza Bank in California
• 5.00% 5-Year CD & 3.00% 9-Month CD at Pacific Transportation FCU in California
• Non-Reward Checking Account with Rates up to 3.12% at F&M Bank - CA Only
• 2.75% 15-Month CD at Banner Bank in WA, OR & ID
• Short-Term CD Rates Up to 2.70% at FBOP Corp Banks in CA, AZ, IL, TX
• 2.60% 14-Month CD & 2.40% 9-Month CD at Millennium Bank - VA, MD & DC Only
• 2.86% 15-Month CD at First National Bank in Colorado - Local Only
• 2.75% 6-Month Add-On CD ($25K Max) at STC Capital Bank in Illinois
• 2.55% 9-Month Internet CD at Hyde Park Savings Bank for MA Residents
• 2.48% Jumbo 9-Month CD at Cathay Bank in Several States
• 3.00% 18-Month CD at Sunshine Bank in Florida
• 2.65% 15-Month CD at Pacific State Bank in California - Local Deal
• 3.00% 24-Month CD at First Central Savings in New York
• 3.05% 24-Month CD & Other Competitive Rates at Heritage Bank of Florida - Local Only
• 2.75% 9-Month CD & 2.50% 5-Month CD at Rollstone Bank & Trust in Massachusetts
• 2.65% 6-Month CD at Union Federal Savings Bank in Rhode Island

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 25, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• SmartyPig - 3.05% (min $25) account review
• Centennial Bank - 3.05% ($50K min), 3.30% ($100K min) account review
• Broadway Federal Bank - 3.05%, May no longer be available ($1K min) account review
• Darby Direct - 3.00%, account review
• Alliant Credit Union - 2.75%, will fall to 2.5% in May (min $100) account review
• 1st Constitution Direct - 2.75% (min $100), 3 mo promo (2.50% stnd rate) 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
• ShoreBank - 2.45%, account review
• First Trade Union Bank - 2.32% ($2.5K min) account review
• Heartland Bank Direct - 2.30% ($500 min), account review
• Flagstar - 2.30% MMA, 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, 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
• Doral Bank Direct - 2.25% (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
• Nationwide Bank - 2.15% MMA (min $1K) account review
• Union Federal Savings - 2.15% account review
• iGObanking - 2.12%, account review
• Savings Square - 2.10%, account review
• Zions Bank - 2.10% MMA, outside of Utah, (min $2.5K) account review
• CapitalOne/Costco - 2.06% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Danversbank - 2.05% account review
• Clear Sky Accounts - 2.05% (not accepting new customers) 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
• Hudson City Savings - 2.00% (min $2.5K) account review
• OneUnited - 2.00% (min $1K), 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
• Amegy Bank - 2.00% (min $10K) account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• FNBO Direct - 1.90%, account review
• GMAC Bank - 1.90% MMA, 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) (2.00% for $25K+) 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
• Venture Bank Direct - 1.43%, account review
• Imperial Capital - 1.35% MMA ($2.5K min) (2.05% 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
• Provident Direct - 1.25% account review
• AmTrustDirect - 1.25% ($500 min) NEW e-Money Market (2.25% $10K+) account review
• ETrade Bank - 1.20%, 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+, 2.07% $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 - 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
• Imperial Capital - 1.85%, ($2K min), account review
• eBank - 1.80% (min $1K)
• GMAC Bank - 1.75% (min $500), account review
• UFB Direct - 1.75% (min $8K)
• UmbrellaBank - 1.70% (min $1K) account review
• EverBank - 1.35% ($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
• Connexus CU - 2.40% (min $500) account review
• eBank - 2.30% (min $1K)
• Corus Bank - 2.25% (min $10K) account review
• GMAC Bank - 2.25% (min $500), account review
• State Bank of India - 2.22% (min $5K) account review
• Ascencia Bank - 2.15% (min $500), account review
• La Jolla Bank - 2.15% (min $10K), account review
• FirstFedDirect - 2.15% (min $10K), account review
• UmbrellaBank - 2.15% (min $1K) account review
• Imperial Capital - 2.10% ($2K min), account review
• AmTrustDirect - 2.00% (min $10K) account review
• Hudson City Savings - 2.00% (min $5K) account review
• Excel National Bank - 2.00% (min $10K) account review
• Tennessee Commerce Bank - 2.00% (min $5K)
• EverBank - 1.95% ($1.5K min) account review
• VirtualBank - 1.92% (min $10K), account review
• Air Force FCU - 1.90% (min $25K) membership restrictions account review
• HSBC Direct - 1.85% (min $10) account review
• Firstmark CU - 1.85% (min $50K) account review
• UFB Direct - 1.80% (min $8K)
• Citibank - 1.75% (7-mo) (min $500) account review
• Bank of America DOW - 1.65% (min $1K) account review
• Earthstar Bank - 1.65% (min $500) account review
• Flagstar - 1.60% (min $500), account review
• Nationwide Bank - 1.60% (min $500) account review
• Zions Bank - 1.51% (min $1K) account review
• Northrop Grumman FCU - 1.46% (min $40K), account review
• Century Bank Direct - 1.41% (5 mo) (min $1K) account review
• ISN Bank - 1.41% (min $1K) account review
• OneWest Bank/IndyMac - 1.35% (min $5K) account review
• FNBO Direct - 1.25% (min $500) account review
• ING Direct - 1.25%, account review
• Greystone Bank - 1.20% (min $50K) account review
• H&R Block Bank - 1.00% (min $250) account review
• ETrade Bank - 0.75% (min $1K), 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
• Doral Bank Direct - 2.50% (min $1K) account review
• eBank - 2.35% (min $1K)
• GMAC Bank - 2.30% (min $500), account review
• Imperial Capital - 2.15% ($2K min), account review
• FirstFedDirect - 2.15% (min $10K) account review
• NewDominion Bank - 2.10% (min $3K) account review
• UmbrellaBank - 2.05% (min $1K) account review
• EverBank - 1.95% ($1.5K min) account review
• VirtualBank - 1.92% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• Salem Five Bank - 1.75% (min $10K), account review
• KeyDirect - 1.75% (8 mo) (min $5K), 2.00% w/chk, Not all states, account review
• OneWest Bank/Indymac - 1.60% (min $5K) account review
• Century Bank Direct - 1.51% (10 mo) (min $1K) account review
• 1st Mariner Bank - 1.50% (10 mo) (min $100/max $50K) requires chk, account review
• WaMu/Chase - 1.50% (8 mo) (min $1K), account review
• Bank of America - 1.40% (min $5K), risk-free, rates vary by state (account review)
• Academy Bank - 1.30% (min $500), 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
• 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
• GMAC Bank - 2.75% (min $500), account review
• Connexus CU - 2.75% (min $500) account review
• Corus Bank - 2.74% (min $10K) account review
• State Bank of India - 2.63% (min $5K) account review
• BankUnited - 2.60% (min $5K) account review
• Southeast Financial FCU - 2.60% (min $500) account review
• UmbrellaBank - 2.60% (min $1K) account review
• Acacia Federal Savings Bank - 2.55% (15 mo) (min $500) account review
• UFB Direct - 2.55% (min $8K)
• OneWest Bank/IndyMac - 2.55% (min $5K) account review
• Tennessee Commerce Bank - 2.55% (min $5K)
• State Farm Bank - 2.54% (min $500) account review
• Wilshire State Bank - 2.53% (min $1K) 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
• Doral Bank Direct - 2.50% (min $1K) account review
• Ascencia Bank - 2.48% (min $500), account review
• Crane FCU - 2.48% (min $500) account review
• Mutual Bank - 2.47% (min $2.5K) account review
• Imperial Capital - 2.45% ($2K min), account review
• Intervest - 2.40% (min $2.5K), account review
• FirstFedDirect - 2.40%, (min $10K) account review
• NewDominion Bank - 2.40% (min $3K) account review
• eBank - 2.40% (min $1K)
• Pacific Mercantile Bank - 2.38% (min $10K) account review
• Discover Bank - 2.35% (min $2.5K) account review ($50 bonus)
• 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
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• Hudson City Savings - 2.25% (min $5K) account review
• La Jolla Bank - 2.25% (min $10K), account review
• Citibank - 2.25% (min $500)
• Credit Union of Georgia - 2.17% (min $50K), account review
• Air Force FCU - 2.15% (min $25K) membership restrictions account review
• EverBank - 2.15% ($1.5K min) account review
• Fifth Third - 2.10% (11 mo) (min $5K), Not all states, account review
• H&R Block Bank - 2.00% (min $250) account review
• Flagstar - 2.00% (min $500), account review
• Geauga Savings Bank - 2.00% (min $1K) account review
• Mountain America CU - 1.90% (min $1K) account review
• Nationwide Bank - 1.90% (min $500) account review
• Northwest FCU - 1.90% (min $500) add-on, account review
• Bank of America - 1.90% (min $5K) rates vary by state, account review
• National Bank of KC - 1.85% (min $10K) account review
• Earthstar Bank - 1.80% (min $500) account review
• KeyDirect - 1.75% (min $5K), 2.00% w/chk, Not all states, account review
• FNBO Direct - 1.75% (min $500) account review
• iGobanking - 1.67% (min $500), account review
• Northrop Grumman FCU - 1.66% (min $40K), account review
• Century Bank Direct - 1.61% (15 mo) (min $1K) account review
• Academy Bank - 1.50% (min $500), 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
• Southeast Financial FCU - 2.75% (min $500) account review
• Consumers CU - 2.75% (16-mo) (min $250) (3.00% $100K+) 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
• UmbrellaBank - 2.65% (min $1K), account review
• Mutual Bank - 2.62% (16 mo) (min $2.5K) account review
• Intervest - 2.60% (min $2.5K), account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• eBank - 2.50% (min $1K)
• Doral Bank Direct - 2.50% (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
• 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
• NorthEast Community Bank - 2.02% (min $500) account review
• H&R Block Bank - 2.00% (min $250) account review
• Greystone Bank - 2.00% (min $50K) account review
• Wachovia - 2.00% (16 mo) chk req, varies by state (min $5K) account review
• USA FCU - 1.95% (min $1K) account review
• E-LOAN - 1.75% ($10K min) account review
• Century Bank Direct - 1.71% (20 mo) (min $1K) 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
• 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)
• 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
• UFB Direct - 2.75% (min $8K)
• Southeast Financial FCU - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K) account review
• FNBO Direct - 2.75% (min $500) account review
• Intervest - 2.75% (min $2.5K), account review
• Advanta Bank - 2.60% (min $10K), account review
• eBank - 2.60% (min $1K)
• Crane FCU - 2.53% (min $500) account review
• Credit Union of Georgia - 2.53% (min $50K), account review
• Air Force FCU - 2.50% (min $25K) membership restrictions account review
• Fifth Third - 2.50% (min $5K) not all states, account review
• KeyDirect - 2.50% (28 mo) (min $5K), 2.75% w/chk, Not all states, account review
• Doral Bank Direct - 2.50% (min $1K) account review
• Northwest FCU - 2.35% (min $500) add-on, account review
• Firstmark CU - 2.34% (min $50K) account review
• H&R Block Bank - 2.25% (min $250) 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
• iGobanking - 2.12% (min $500), account review
• Mountain America CU - 2.10% (min $1K) account review
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, account review
• Capital One - 2.00% (min $5K) account review
• 1st Source Bank - 2.00% (min $5K) account review

36-Month Certificate of Deposit:

• 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
• GMAC Bank - 3.20% (min $500) account review
• Gateway Regional CU - 3.15% (min $1K) restrictions to membership, account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Acacia Federal Savings Bank - 3.10% (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
• eBank - 3.00% (min $1K)
• Advanta Bank - 2.80% (min $10K), account review
• NewDominion Bank - 2.75% (min $3K) account review
• Nationwide Bank - 2.70% (min $500) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Agriculture FCU - 2.65% (min $1K) account review
• Northwest FCU - 2.59% (min $25K) account review
• H&R Block Bank - 2.50% (min $250) account review
• KeyDirect - 2.50% (min $5K), 2.75% w/chk, Not all states, account review
• Doral Bank Direct - 2.50% (min $1K) account review
• E-LOAN - 2.45% ($10K min) account review
• Mountain America CU - 2.40% (min $1K) account review
• Northrop Grumman FCU - 2.29% (min $40K), account review
• Bank of Internet - 2.25% (min $1K) account review
• Flagstar - 2.20% (min $500), account review
• 1st Source Bank - 2.15% (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:

• 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
• Gateway Regional CU - 3.36% (min $1K) restrictions to membership, account review
• Acacia Federal Savings Bank - 3.35% (min $500) 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)
• Bank of America DOW - 3.11% (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
• Doral Bank Direct - 3.00% (min $1K) account review
• Mountain America CU - 2.75% (min $1K) 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
• Northwest FCU - 2.70% (min $25K) account review
• E-LOAN - 2.65% ($10K min) account review
• 1st Source Bank - 2.60% (min $500) account review
• H&R Block Bank - 2.50% (min $250) account review
• Capital One - 2.50% (min $5K) account review
• USA FCU - 2.50% (min $1K) account review
• Patelco CU - 2.48% ($1K min), account review
• Western FCU - 2.10% (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
• State Bank of India - 3.80% (min $5K) account review
• Acacia Federal Savings Bank - 3.75% (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
• iGobanking - 3.61% (min $500), account review
• Discover Bank - 3.60% (min $2.5K) 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)
• Gateway Regional CU - 3.46% (min $1K) restrictions to membership, account review
• Apple FCU - 3.40% (min $50K) 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
• Mutual Bank - 3.34% (min $2.5K) account review
• Advanta Bank - 3.30% (min $10K), account review
• Nationwide Bank - 3.30% (min $500) account review
• Northwest FCU - 3.26% (min $25K) account review
• Firstmark CU - 3.25% (min $50K) account review
• Mountain America CU - 3.25% (min $1K) account review
• E-LOAN - 3.25% ($10K min) account review
• Third Federal - 3.25% (min $500) account review
• EverBank - 3.25% ($1.5K min) account review
• Telcom Credit Union - 3.25% (min $500) account review
• Salem Five Bank - 3.10% (min $10K), account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• KeyDirect - 3.00% (min $5K), 3.25% w/chk, Not all states, account review
• Dollar Savings Direct - 3.00% (min $1K) account review
• Doral Bank Direct - 3.00% (min $1K) account review
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• USA FCU - 2.89% (min $1K) account review
• Flagstar - 2.75% (min $500), account review
• 1st Source Bank - 2.70% (min $500) account review
• University FCU - 2.60% (min $2.5K), account review
• Patelco CU - 2.58% ($1K min), account review
• H&R Block Bank - 2.50% (min $250) account review
• Capital One - 2.50% (min $5K) account review
• WaMu/Chase - 2.50% (min $1K) account review
• Western FCU - 2.30% (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
• 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 - 0.88% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.63% 7-day yield
• Vanguard Prime Money Market Fund - 0.54% 7-day yield
• TIAA-CREF Money Market Fund - 0.47% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.32% 7-day yield
• Paypal Money Market Fund - 0.21% 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)

Edit 4/26/09: GMAC has removed its $500 minimum balance requirement for its savings and money market accounts.