Bank Deals Weekly Summary for April 4, 2009

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

This was a quiet week for banking news. No banks were seized yesterday. Interest rates on savings, checking accounts and CDs continued to drop. Most cuts came from liquid accounts and short-term CDs. I noticed this trend last month, and it appears to be continuing. This is likely some recognition that we'll be seeing rising inflation within the next couple of years.

Savings Account Rates

Last Saturday I noted that the savings account rate cuts were slowing. I'm afraid there's no trend. Several banks and credit unions cut their rate this week. The top rate now on my list is 3.10% APY for balances up to $35,000 (1.65% for above). This is being offered by the internet divisions of three Oklahoma banks which are all owned by the same family. Redneck Bank is one of the three which may appeal to fans of Jeff Foxworthy. The other two are AmericaNet Bank and Evantage Bank (see post). In addition to the money market account, these banks also offer a reward checking account that pays 5.25% APY up to $10,000. Instead of cutting rates, the banks recently implemented these $35K and $10K rate tiers. These are small banks that have been getting a lot of publicity. So I wouldn't count on these being rate leaders for the long term.

More online savings account rates fell below 2% this week. Some of the banks on this list include EverBank, GMAC Bank, Amboy Direct, FNBO Direct and WTDirect. With rate cuts continuing, it may seem hopeless to switch now just for what may be a temporary hike in interest rates. Just remember that this is what banks are hoping people will think. Competition is an important factor that is preventing rates from falling to near zero percent. The more we are willing to move our money, the more competition there will be.

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

1. OneUnited Savings - 2.00% (was 2.25%)
2. Amegy Bank - 2.20% $10K+ (was 2.25%)
3. Hudson City MMA - 2.05% (was 2.15%)
4. Grand Yield Direct - 2.05% (was 2.15%)
5. UmbrellaBank MMA - 2.05% (was 2.12%)
6. Discover Bank MMA - 1.75% to 1.95% (was 1.80% to 2.00%)
7. Imperial Capital iMM - 1.35% to 2.10% (was 1.55% to 2.15%)
8. E-LOAN Savings Plus - 1.26% to 1.41% (was 1.30% to 1.65%)
9. Rainier Pacific MMA - 0.75% (was 1.05%)
10. Amboy Savings - 1.51% (was 2.02%)
11. Capital One/Costco MMA - 1.70% (was 1.80%)
12. Capital One MMA - 1.50% (was 1.60%)
13. FNBO Direct Savings - 1.90% (was 2.15%)
14. EverBank MMA ongoing - 1.65% (was 2.03%)
15. 1st Constitution 3mo promo - 2.75% (was 2.95%)
16. Alliant Savings - 2.75% (was 3.00%)
17. Alliant CU Checking - 2.50% (was 2.75%)
18. Century Bank Direct Savings - 1.79% (was 1.99%)
19. Century Bank Direct MMA - 1.69% (was 1.89%)
20. Century Bank Direct Chk - 1.45% (was 1.65%)
21. Savings Sqaure - 2.10% (was 2.30%)
22. Corus Bank MMA - 2.24% (was 2.30%)
23. WTDirect Savings - 1.76% (was 2.01%)
24. HSBC Direct Savings - 1.65% (was 1.85%)

Certificate of Deposit Rates

As expected, several major credit unions slashed their CD rates at the start of the month. One nice surprise was Pentagon Federal Credit Union which kept CD rates unchanged. PenFed's long-term CDs are now on top of my lists.

There were more attractive CD specials this week from banks that cater to the Korean-American community. There are now three of these banks offering top short-term CD rates, and the CDs also include various liquid features such as allowing additional deposits. I'm not sure if these banks are having a rate war, but depositors of any ethnic background can benefit from this. All of these banks are FDIC insured. 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. 2.75% 7-mo CD at Webster Bank (account review)
2. 2.75% 6-mo CD at Navy FCU (account review)
3. 2.65% 9-mo CD at OneWest Bank/IndyMac (account review)
4. 3.00% 11-mo CD at Connexus CU (account review)
5. 3.04% 12-mo CD at Melrose CU (account review)
6. 2.50% 12mo Add-On CD at Amboy Direct (account review)
7. 3.25% 22-mo Jumbo CD (3% non-Jumbo) at Consumers CU (account review)
8. 3.50% 36-mo CD at Alliant CU (account review)
9. 4.00% 60-mo CD at Pentagon FCU (account review)

I also posted on some good CD deals from banks and credit unions that don't offer accounts nationwide. Refer to the recap below for the full list. Here are some of the best deals to note.

1. 3.29% 6-mo CD & 3.87% 15-mo CD at Progressive CU in NY, NY (account review)
2. 3.30% 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. 3.25% 12-mo CD at Self Reliance New York FCU (account review)
7. 3.10% 12-mo Liquid CD at Nara Bank in CA, NY & NJ (account review)
8. 3.00% 15-mo CD at Independence Bank in RI (account review)
9. 3.25% 17-mo CD at Royal Asian Bank & Royal Bank America in PA, NY & NJ (account review)
10. 3.20% 24-mo CD at Park Cities Bank in Dallas (account review)
11. 4.50% 60-mo CD & 3% 12-mo CD at Urban Trust Bank in FL & MD (account review)

Reward Checking Accounts

There were a few nationwide reward checking accounts that either cut rates this week or announced rate cuts in the coming weeks. Community Bank of Pleasant Hill slashed its rate from 5.01% to 3.01% APY. Charter Bank announced it'll be cutting its rates from 5.01% to 4.01% APY starting May 1st, and West Bank not only announced that they'll be cutting its rate, but it's also restricting new accounts to residents of Iowa. West Bank's reward checking account was especially attractive. Not only did it have a 5% APY, it also had one of the best balance caps with balances up to $50K qualifying for the top rate.

For those looking for a reward checking account with a $50K balance cap, you might want to consider First Arkansas Bank and Trust. Its reward checking rate is a little low at 4.44% APY for balances up to $50K. However, this rate has held since February 2008 (see post).

I posted on 5 new reward checking accounts this week with 4 of the 5 accounts with rates of 4% APY or higher (see below). 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

• No Bank Closures this Week!

Savings/Checking Accounts - National

• Update on Alliant Credit Union's Checking, Savings and CDs

CD Deals - National

• Update on Pentagon Federal Credit Union CDs, Credit Cards and Other Products
• 2.75% 7-Month CD & Money Market Special at Webster Bank in the Northeast
• Update on Citibank CD Specials - 2.50% 8-Month CD in a Few States
• HSBC Direct's Online CDs - Competitive Rates with Some Nice Features
• Review of GMAC Bank and its 2-Year CD - Nationally Available
• Citibank CD Specials - 2.50% 8-month in CA & 2.75% 12-month in TX

Checking/Savings Account Bonuses

• KeyBank Checking Account Promotion

Reward Checking Accounts

• 4.19% Reward Checking Account at Founders Bank in Illinois
• 5.09% Reward Checking Account at First National Bank of Olathe in Kansas
• 3.00% Reward Checking Account at Insight Financial Credit Union in Florida
• 4.01% Reward Checking Account at Tampa Bay Federal Credit Union
• 4.01% Reward Checking Account at Gwinnett Community Bank in Georgia

CD and Money Market Deals - Local

• 3.00% 15-Month CD & Other Competitive Rates at Independence Bank in Rhode Island
• 2.74% 7-Month CD & 3.05% 15-Month CD at The Bank of the Pacific in WA & OR
• 2.68% 6-Month CD, 2.88% 12-Month CD & Other High CD Rates at First Asian Bank in Las Vegas
• 3.14% 16-Month CD and Other High CD Rates at Raymond Federal Bank in Washington State
• 2.75% 6-Month Jumbo CD at Teachers Federal Credit Union in New York
• 2.85% 13-Month CD at Baxter Credit Union in IL & WI
• 2.45% 6-Month CD & 3.00% 24-Month CD at Gateway Bank in NC & VA - Local Only
• 3.40% 12-Month CD & 3.30% 6-Month CD With Liquid Features at Center Bank - CA, WA & IL
• 3.00% 12-Month CD & 4.50% 60-Month CD at Urban Trust Bank in FL & MD - Local Only
• Update on Nara Bank and its CD and Installment Savings Account - CA, NY & NJ Only
• 3.15% 12-Month Liquid CD at US Metro Bank in California - EXPIRED
• 3.29% 6-Month CD with Add-On and Penalty-Free Features at Saehan Bank in California
• 5.50% 55-Month CD ($5.5K Max) & Other CD Deals at Mutual Security Credit Union in CT - EXPIRED
• 2.50% 7-Month CD at Ridgestone Bank in IL & WI - Local Only

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 4, 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
• First Trade Union Bank - 3.04% ($2.5K min) account review
• ShoreBank - 2.80%, account review
• FNCB Bank - 2.75% (min $100) 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
• Webster Bank - 2.75% (min $5K) guaranteed to 6/30/09, account review
• EverBank - 2.54% ($1.5K min), 3 mo promo rate of 2.51%, account review
• Danversbank - 2.50% account review
• ADB Bank - 2.50% account review
• Alliant Credit Union - 2.50% Checking account review
• Flagstar - 2.41% MMA, account review
• Mutual Bank - 2.35% MMA 3mo promo, (min $5K), account review
• Heartland Bank Direct - 2.30% ($500 min), account review
• CNB Bank Direct - 2.30% account review
• Nationwide Bank - 2.29% MMA (min $1K) 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
• Corus Bank - 2.24% MMA (min $10K) account review
• Amegy Bank - 2.20% (min $10K) account review
• Zions Bank - 2.17% MMA, outside of Utah, (min $2.5K) account review
• Clear Sky Accounts - 2.15% (not accepting new customers) account review
• Provident Direct - 2.10%, 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) 2.35% ($25K+) account review
• grand yield direct - 2.05% (min $2.5K) account review
• Hudson City Savings - 2.05% (min $2.5K) 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
• GMAC Bank - 1.90% MMA (min $500) account review
• FNBO Direct - 1.90%, account review
• iGObanking - 1.85%, 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
• Citibank - 1.75% (Ultimate Savings) 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
• 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)
• Imperial Capital - 1.50% Checking (min $1K) account review
• UnivestDirect - 1.50%, (0.40% checking), account review
• ING Direct - 1.50%, (0.25% checking), post ($25 bonus)
• Salem Five Direct - 1.50% Checking (1.65% $100K+), account review
• Capital One - 1.50% MMA, account review
• ETrade Bank - 1.45%, 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
• Transportation Alliance Bank - 1.20%, ($25 min), account review
• GCF Bank - 1.20% (min $100), 3-mo promo, account review
• AARP Financial Savings Center - 1.05%, AARP membership req, account review
• UFB Direct - 1.05% Absolute Savings (min $15K)
• VirtualBank - 1.01% (min $100), (1.87% $25K+, 2.12% $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
• ETrade Bank - 0.75% Checking (min $5K) account review
• OnBank - 0.75%, account review
• Rainier Pacific - 0.75% MMA, account review

3-Month Certificates of Deposit:

• Danversbank - 3.00% (4 mo) (min $500) account review
• Hudson City Savings - 2.00% (min $5K) account review
• eBank - 2.00% (min $1K)
• GMAC Bank - 1.75% (min $500), account review
• UmbrellaBank - 1.70% (min $1K) account review
• Imperial Capital - 1.60%, ($2K min), account review
• EverBank - 1.40% ($1.5K min) account review
• VirtualBank - 1.36% (min $10K), account review
• UFB Direct - 1.20% (min $8K)
• Nationwide Bank - 1.20% (min $500) account review
• E-LOAN - 0.85% ($10K min), account review
• H&R Block Bank - 0.75% (min $250) account review
• ETrade Bank - 0.60% (min $1K), account review

6-Month Certificates of Deposit:

• Navy FCU - 2.75% ($10K min) restrictions to membership, account review
• Webster Bank - 2.75% (7-mo) (min $5K) account review
• Christian Community CU - 2.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
• eBank - 2.40% (min $1K)
• Ascencia Bank - 2.31% (min $500), account review
• UFB Direct - 2.30% (min $8K)
• Corus Bank - 2.27% (min $10K) account review
• BankUnited - 2.25% (7-mo) (min $5K) account review
• UmbrellaBank - 2.25% (min $1K) account review
• GMAC Bank - 2.25% (min $500), account review
• Firstmark CU - 2.15% (min $50K) account review
• FirstFedDirect - 2.15% (min $10K), account review
• La Jolla Bank - 2.15% (min $10K), account review
• Hudson City Savings - 2.15% (min $5K) account review
• Imperial Capital - 2.10% ($2K min), account review
• Tennessee Commerce Bank - 2.10% (min $5K)
• Air Force FCU - 2.05% (min $25K) membership restrictions account review
• Northrop Grumman FCU - 2.02% (min $40K), account review
• State Bank of India - 2.02% (min $5K) account review
• Flagstar - 2.01% (min $500), account review
• Citibank - 2.00% (7-mo) (min $500) account review
• Excel National Bank - 2.00% (min $10K) account review
• Earthstar Bank - 2.00% (min $500) account review
• Bank of America DOW - 2.00% (min $1K) account review
• VirtualBank - 1.92% (min $10K), account review
• EverBank - 1.85% ($1.5K min) account review
• ISN Bank - 1.61% (min $1K) 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
• 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 - 1.15% (min $50K) account review
• E-LOAN - 1.00% ($10K min), account review
• H&R Block Bank - 1.00% (min $250) account review
• AmTrustDirect - 0.85% (min $10K) account review
• ETrade Bank - 0.85% (min $1K), account review
• Capital One - 0.25% (min $5K) account review

9-Month Certificates of Deposit:

• OneWest Bank/Indymac - 2.65% (min $5K) account review
• Consumers CU - 2.50% (min $250) (2.75% $100K+) account review
• eBank - 2.45% (min $1K)
• GMAC Bank - 2.30% (min $500), account review
• UmbrellaBank - 2.25% (min $1K) 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
• 1st Mariner Bank - 2.00% (10 mo) (min $100/max $50K) requires chk, account review
• VirtualBank - 1.97% (min $10K), account review
• MetLife Bank - 1.90% (min $50K) account review
• EverBank - 1.85% ($1.5K min) account review
• Bank of America - 1.85% (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
• E-LOAN - 1.25% ($10K min), account review
• ING Direct - 1.25% account review
• iGobanking - 1.25% (min $1K) account review
• Bank of Internet - 1.10% (min $1K) account review
• AmTrustDirect - 0.85% (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
• H&R Block Bank - 2.75% (min $250) 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 - 2.67% (min $1K) account review
• GMAC Bank - 2.65% (min $500), account review
• UFB Direct - 2.65% (min $8K)
• Acacia Federal Savings Bank - 2.65% (15 mo) (min $500) account review
• BankUnited - 2.65% (min $5K) account review
• Gateway Regional CU - 2.63% (min $1K) restrictions to membership, account review
• Mutual Bank - 2.60% (min $2.5K) account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• Southeast Financial FCU - 2.60% (min $500) account review
• Intervest - 2.55% (min $2.5K), account review
• State Bank of India - 2.52% (min $5K) account review
• Ascencia Bank - 2.51% (min $500), 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
• Bank of America - 2.50% (min $10K) not all states, account review
• NewDominion Bank - 2.40% (min $3K) account review
• FirstFedDirect - 2.40%, (min $10K) account review
• Hudson City Savings - 2.40% (min $5K) account review
• Imperial Capital - 2.40% ($2K min), account review
• Pacific Mercantile Bank - 2.38% (min $10K) account review
• Credit Union of Georgia - 2.38% (min $50K), account review
• Discover Bank - 2.35% (min $2.5K) account review ($50 bonus)
• Air Force FCU - 2.30% (min $25K) membership restrictions account review
• Navy FCU - 2.30% ($20K min) restrictions to membership, account review
• HSBC Direct - 2.30% (min $10) account review
• Fifth Third - 2.30% (11 mo) (min $5K), Not all states, account review
• EverBank - 2.28% ($1.5K min) account review
• La Jolla Bank - 2.25% (min $10K), account review
• Geauga Savings Bank - 2.20% (min $1K) account review
• Earthstar Bank - 2.20% (min $500) account review
• Mountain America CU - 2.20% (min $1K) account review
• Northrop Grumman FCU - 2.11% (min $40K), account review
• Advanta Bank - 2.10% (min $10K), account review
• Nationwide Bank - 2.00% (min $500) account review
• KeyDirect - 2.00% (11 mo) (min $5K), 2.25% w/chk, Not all states, account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• Flagstar - 2.00% (min $500), account review
• Northwest FCU - 1.94% (min $500) add-on, account review
• National Bank of KC - 1.85% (min $10K) account review
• Academy Bank - 1.80% (min $500), account review
• E-LOAN - 1.75% ($10K min), account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• FNBO Direct - 1.75% (min $500) 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

18-Month Certificates of Deposit:

• First Trade Union Bank - 2.90% (min $500) account review
• Alliant Credit Union - 2.90% (min $25K) account review
• NorthEast Community Bank - 2.79% (min $500) account review
• Intervest - 2.75% (min $2.5K), account review
• Consumers CU - 2.75% (16-mo) (min $250) (3.00% $100K+) account review
• Mutual Bank - 2.75% (16 mo) (min $2.5K) account review
• Dime Savings Bank - 2.75% IRA Only (min $500) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• GMAC Bank - 2.70% (min $500) account review
• Gateway Regional CU - 2.69% (min $1K) restrictions to membership, account review
• eBank - 2.60% (min $1K)
• UmbrellaBank - 2.60% (min $1K), account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• NewDominion Bank - 2.55% (min $3K) account review
• Dollar Savings Direct - 2.50% (16-mo) (min $1K) account review
• H&R Block Bank - 2.50% (min $250) 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
• VirtualBank - 2.28% (min $10K), account review
• EverBank - 2.25% ($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 - 1.95% ($10K min) account review
• Greystone Bank - 1.90% (min $50K) 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
• UFB Direct - 2.85% (min $8K)
• eBank - 2.85% (min $1K)
• Intervest - 2.85% (min $2.5K), account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• State Bank of India - 2.83% (min $5K) account review
• State Farm Bank - 2.77% (21 mo) (min $500) account review
• FNBO Direct - 2.75% (min $500) account review
• H&R Block Bank - 2.75% (min $250) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Fifth Third - 2.75% (min $5K) not all states, account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Gateway Regional CU - 2.69% (min $1K) restrictions to membership, account review
• Firstmark CU - 2.65% (min $50K) account review
• NewDominion Bank - 2.65% (min $3K) account review
• Advanta Bank - 2.60% (min $10K), account review
• Credit Union of Georgia - 2.53% (min $50K), 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 - 2.26% (min $500) add-on, account review
• Nationwide Bank - 2.25% (min $500) account review
• 1st Source Bank - 2.25% (min $5K) account review
• MetLife Bank - 2.20% (min $50K) account review
• E-LOAN - 2.20% ($10K min) account review
• iGobanking - 2.00% (min $500), account review
• Capital One - 2.00% (min $5K) (2.10% $100K+) account review
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, account review

36-Month Certificate of Deposit:

• Navy FCU - 4.10% (30mo IRA-only) ($15K min) restrictions to membership, 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
• Gateway Regional CU - 3.25% (min $1K) restrictions to membership, account review
• State Bank of India - 3.24% (min $5K) account review
• GMAC Bank - 3.20% (min $500) account review
• Intervest - 3.15% (min $2.5K), account review
• Acacia Federal Savings Bank - 3.15% (min $500) account review
• UFB Direct - 3.05% (min $8K)
• Tennessee Commerce Bank - 3.05% (min $5K)
• eBank - 3.00% (min $1K)
• H&R Block Bank - 3.00% (min $250) account review
• Discover Bank - 2.90% (min $2.5K) account review
• Agriculture FCU - 2.90% (min $1K) account review
• Advanta Bank - 2.80% (min $10K), account review
• NewDominion Bank - 2.75% (min $3K) account review
• Northrop Grumman FCU - 2.71% (min $40K), account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Nationwide Bank - 2.70% (min $500) account review
• Mountain America CU - 2.65% (min $1K) account review
• Northwest FCU - 2.52% (min $25K) 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
• 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 - 2.00% (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
• 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
• GMAC Bank - 3.25% (min $500) account review
• Discover Bank - 3.15% (min $2.5K) account review
• H&R Block Bank - 3.15% (min $250) account review
• Tennessee Commerce Bank - 3.15% (min $5K)
• Bank of America DOW - 3.11% (min $1K) account review
• Flagstar - 3.00% (min $500), account review
• Third Federal - 3.00% (min $500) account review
• Nationwide Bank - 3.00% (min $500) account review
• Countrywide - 3.00% (min $10K), account review
• Advanta Bank - 3.00% (min $10K), account review
• Mountain America CU - 3.00% (min $1K) 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
• 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
• Northwest FCU - 2.63% (min $25K) account review
• Capital One - 2.50% (min $5K) account review
• Patelco CU - 2.48% ($1K min), account review
• Western FCU - 2.32% (min $40K), account review

60-Month Certificate of Deposit:

• 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
• Acacia Federal Savings Bank - 3.80% (min $500) account review
• US Bank - 3.75% (59 mo) (min $1K) account review
• Agriculture FCU - 3.75% (min $1K), account review
• Alliant Credit Union - 3.75% (min $25K) account review
• Intervest - 3.66% (min $2.5K), account review
• State Bank of India - 3.55% (min $5K) account review
• Firstmark CU - 3.55% (min $50K) account review
• Mountain America CU - 3.51% (min $1K) account review
• Salem Five Bank - 3.50% (min $10K), account review
• UFB Direct - 3.50% (min $8K)
• Discover Bank - 3.50% (min $2.5K) account review
• Consumers CU - 3.50% (59-mo) (min $250) (3.75% $100K+) account review
• 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
• iGobanking - 3.50% (min $500), account review
• Gateway Regional CU - 3.46% (min $1K) restrictions to membership, account review
• Mutual Bank - 3.40% (min $2.5K) 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
• Nationwide Bank - 3.30% (min $500) account review
• EverBank - 3.25% ($1.5K min) account review
• Third Federal - 3.25% (min $500) account review
• H&R Block Bank - 3.25% (min $250) account review
• E-LOAN - 3.25% ($10K min) account review
• Advanta Bank - 3.20% (min $10K), account review
• Northwest FCU - 3.16% (min $25K) 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
• Flagstar - 3.00% (min $500), 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
• University FCU - 2.60% (min $2.5K), account review
• Patelco CU - 2.55% ($1K min), account review
• WaMu/Chase - 2.50% (min $1K) account review
• Capital One - 2.50% (min $5K) account review
• Western FCU - 2.42% (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
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• Washington State deals and CD rates
• West Virginia deals and CD rates
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• 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 - 0.97% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.71% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.65% 7-day yield
• TIAA-CREF Money Market Fund - 0.58% 7-day yeild
• Paypal Money Market Fund - 0.32% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.28% 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)