Bank Deals Weekly Summary for May 30, 2009

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

The interest rate environment has been difficult for savers, but thanks to competition, we still have some deposit deals. Banks that are having financial difficulties often offer the best rates, and Ally Bank (formerly GMAC Bank) is an example. It has been offering top internet rates on its savings accounts and CDs, but if the American Bankers Association (ABA) gets its way, this may come to an end (see post). The ABA sent a letter to the FDIC this week expressing concern about how Ally Bank is offering rates that the ABA considers "well above the market." For the typical brick-and-mortar bank, the rates may be well above the market, but when you look at internet banks which have a much lower cost model, the rates are not excessive.

This issue of banks that are not well capitalized offering above market rates was dealt with by the FDIC at its board meeting yesterday. They've come out with some new rules (FDIC press release). I have some discussion of these new rules in my ABA post. It's not yet clear how much effect this will have on deposit rates. BestCashCow has a good review of these new rules.

One bit of good news this week is that we didn't have any bank failures. It was a rare Friday yesterday without any closures. However, the FDIC did release cease-and-desist orders that were issued in April (FDIC press release). There are quite a few banks on the list that I have reported on for their high CD rates over the last year. With more pressure on regulators to keep deposit rates in check at troubled banks, we may see fewer deals from these banks.

Savings & Money Market Accounts

Last week I highlighted the two good deals at ProvidentNJ Direct and EBSB Direct. A few days after that post, both lowered their promo rates. But the rates are still quite competitive. ProvidentNJ Direct's 3-month guarantee on its savings is now 3.01% APY (see review). EBSB Direct's savings account rate is now 2.62% APY guaranteed through 9/30/09 (see review).

I did another review of the SmartyPig savings account. It's still offering a very competitive 3.05% APY. Hopefully, this will continue into June, but even if the rate drops, based on its 14-month history, the rate should remain very competitive. The account has several unique features which can make it unattractive to those who just want to keep a large sum of money in a liquid account. However, these features also prevent them from being overwhelmed with deposits (see post).

SmartyPig Savings Account is designed to help people save for specific goals. Another type of account that's similar is an installment savings account. Wilshire State Bank continues to offer some attractive rates on these types of accounts, and they're available nationwide. Last Sunday I did a new post with a spreadsheet to show how you can maximize your returns in these types of accounts.

Wachovia's Way2Save account is a little bit like an installment savings account. Like an installment account, the main way to fund the account is with automatic monthly deposits. The Way2Save account still offers a 5% APY along with a 5% bonus on the balance at the end of the first year. The main problem is that they restrict how much you can deposit into the account (see post).

Below is the list of savings account rate changes for this week. Note that Alliant Credit Union's savings account rate hasn't officially been cut, but readers have reported being told that the rate is scheduled to fall starting in June.

Rate Hikes:

1. None

Rate Drops:

1. ProvidentNJ Direct Savings 3mo promo - 3.01% (was 3.25%)
2. EBSB Direct MMA - 2.62% $50K+ (was 2.81%)
3. Alliant CU Savings - 2.25% scheduled for June (was 2.50%)
4. Centennial Bank Savings - 2.53% $100K+ (was 2.79%)
5. Corus Bank MMA - 2.15% (was 2.17%)
6. Umbrella Bank MMA - 2.05% $50K+ (was 2.15%)
7. iGObanking Savings - 2.02% (was 2.12%)
8. Grand Yield Direct - 1.80% (was 1.90%)
9. Intervest MMA - 1.80% $2.5K+ to 1.90% $100K+ (was 1.90% $2.5K+)
10. Rainier Pacific Bank MMA - 0.50% (was 0.75%)

Certificate of Deposit Rates

On Wednesday, Treasury yields spiked, with the benchmark 10-year rate topping 3.7%. The fears of inflation should continue as government debt grows and the economy shows signs of improving. So we may start to see some of these signs in long-term CD rates. I didn't see much change this week. There still continues to be more rate cuts than rate increases. We may see more cuts on Monday as credit unions update their rates for June. Alliant Credit Union didn't wait. They cut their CD rates by 25 basis points last week.

The best types of CDs are those that provide some liquidity. Ally Bank (formerly GMAC Bank) continues to offer a no-penalty 9-month CD with a 2.50% APY. If ABA's pressure works, this might not last long. Ally Bank typically changes rates on Friday so we should have almost a week with this rate.

Another CD with a liquid feature is being offered by Amboy Direct. Their 12-month eSavings Time Deposit CD allows additional deposits during the term. When it was first launched in March, the rate was 2.50% APY. It then fell to 2.10%, but this week it went up to 2.35% APY. However, on the downside, they reduced the time when you're allowed to make additional deposits. It's now restricted to only the first 6 months (see review).

Below are some of the best CD deals that are still active.

Best Nationwide CD Deals as of 5/30/09: Also listed are a few savings accounts with rate guarantee periods. The full list of nationwide CD rates is farther down.

1. 3.01% 3-mo savings account promo at ProvidentNJ Direct (account review)
2. 2.62% savings promo thru 9/30/09 at EBSB Direct (account review)
3. 2.50% 4-mo CD at Danvers Bank (account review)
4. 2.78% 5-mo CD at Franklin Synergy Bank (account review)
5. 2.52% 6-mo CD at Wilshire State Bank (account review)
6. 2.50% 9-mo No-Penalty CD & 2.80% 12-mo CD at Ally/GMAC Bank (account review)
7. 3.03% 12-mo CD at Melrose CU (account review)
8. 4.60% 1yr & 5.12% 3yr Installment Savings Accounts at Wilshire State Bank (account review)
9. 3.50% 36-mo CD & 4.00% 60-mo CD at Pentagon FCU, may change on 6/01 (account review)

Best Local CD Deals as of 5/30/09: 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. 2.75% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
2. 2.80% 9-mo CD at Connex CU in CT (account review)
3. 3.25% 12-mo CD at Cornerstone Bank in GA (account review
4. 3.00% 12-mo CD at First Priority CU in MA (account review)
5. 3.30% 12-mo CD at Self Reliance New York FCU (account review)
6. 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
7. 3.10% 25-mo CD & 2.65% 6-mo CD at CoreFirst Bank at CO & KS (account review)
8. 3.00% 25-mo CD at Broadway Bank in Chicago (account review)
9. 4.50% 60-mo CD & 2.75% 12-mo CD at Urban Trust Bank in FL & MD (account review)
10. 4.07% 60-mo CD at South Jersey FCU (account review)

Reward Checking Accounts

I reported on three new reward checking accounts this week with rates ranging from 3.05% to 4.01% APY (see below). One of the three at City National Bank is available nationwide, and it offers a 3.28% APY on all balances if the typical monthly requirements are met. The 3.28% is low for reward checking, but the lack of a balance cap could be attractive for those with large savings. One downside is that it appears to require real direct deposit.

To see all of the high yield reward checking accounts available throughout the nation, please refer to my High Yield Checking website.

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

Banking News

• American Bankers Association Urges FDIC To Force GMAC/Ally Bank to Cut Deposit Rates
• NCUA's Press Release on the $250K Share Insurance Extension
• FDIC Chairwoman Bair's Interview on Jim Cramer's Mad Money
• CD Shopping Tips from the FDIC - Warning about Newspaper Ads with 5% CDs
• FDIC's First Quarter Report - Number of Problem Banks Increase to 305
• Bank Deals Blog is Now on Twitter

Savings Accounts - National

• Update on SmartyPig's High Yield Savings Account
• 5% Savings Accounts and 7% CDs? Yes, but with Catches
• Competitive Money Market Account at Delta Community CU - Easy Membership
• How to Maximize the Return of an Installment Savings Account

CD Deals - National

• 2.78% 5-Month Online CD at Franklin Synergy Bank - Nationally Available
• 2.87% 18-Month CD IRA & Other High Rates at Pacific Mercantile Bank in CA - Nationally Available

Checking/Savings Bonuses

• $150 Checking Account Bonus Continues at NuVision Credit Union

Reward Checking Accounts

• 3.28% Reward Checking Account at City National Bank in Texas - Nationally Available
• 4.01% Reward Checking Account at Community Bank in Louisiana - Local Only
• 3.05% Reward Checking Account (up to $75K) at The Bank of Marion in Southern IL - Local Only

CD and Money Market Deals - Local

• 2.50% 12-Month Liquid CD at E-Central Credit Union In California - Easy Membership
• 3.30% 36-Month CD & 2.02% 5-Month CD at Mt. Washington Bank in MA - Local Only
• 3.05% 15-Month CD at Johnson Bank in Madison, WI - Local Only
• 2.65% 13-Month CD at Washington Federal Bank for Savings in Chicago - Local Only
• 2.35% 6-Month CD & 2.50% Money Market Account at CenTrust Bank in Illinois - Local Only
• 2.50% 8-Month CD & 2.40% Money Market Account at Premier American Bank in South FL - Local Only
• 2.82% 6-Month CD & 3.03% 24-Month CD at SeaComm FCU in Northern NY - Local Only
• 2.73% 12-Month CD & $100 Checking Bonus at Great Southern Bank in St. Louis - Local Only
• 2.65% 12-Month CD & 2.35% 9-Month CD at Riverside National Bank in East FL - 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 May 30, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• SmartyPig - 3.05% (min $25) withdrawal restrictions, account review
• ProvidentNJ Direct - 3.01% (min $50), 3 mo promo, stnd: 2.25% $10K+, account review
• Wilshire State Bank - 2.75%, chk required (min $500) account review
• EBSB Direct - 2.62% (min $50K) thru 9/30/09, account review
• EverBank - 2.54% ($1.5K min), 3 mo promo rate of 2.51%, account review
• 1st Constitution Direct - 2.50% (min $100), 3 mo promo, 2.05% $10K+ stnd, account review
• Alliant Credit Union - 2.50% (min $100), May fall to 2.25% on Monday, account review
• First Trade Union Bank - 2.32% ($2.5K min) account review
• Centennial Bank - 2.28% ($50K min), 2.53% ($100K min) account review
• Doral Bank Direct - 2.25% (min $1K) account review
• FNCB Bank - 2.25% (min $100) account review
• Acacia Federal Savings Bank - 2.25% (guaranteed to 9/30/09) account review
• Ally/GMAC Bank - 2.25% Savings account review
• OneWest Bank/Indymac - 2.25% (min $1K) account review
• Alliant Credit Union - 2.25% Checking, May fall to 2% on Monday, account review
• CNB Bank Direct - 2.20% account review
• Flagstar - 2.20% MMA, account review
• Bank of American Fork - 2.20% (min $1K) account review
• Nationwide Bank - 2.15% MMA (min $1K) account review
• Corus Bank - 2.15% MMA (min $10K) account review
• Heartland Bank Direct - 2.10% ($500 min), account review
• Savings Square - 2.10%, account review
• ADB Bank - 2.10% account review
• Bank of Internet - 2.06% (min $100) account review
• ShoreBank - 2.05%, account review
• Union Federal Savings - 2.05% account review
• Clear Sky Accounts - 2.05% account review
• Danversbank - 2.05% account review
• 1st Constitution Direct - 2.05% (min $10K) stnd rate, account review
• iGObanking - 2.02%, account review
• Mutual Bank - 2.01% MMA (min $5K), account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• Hudson City Savings - 2.00% (min $2.5K) account review
• DollarSavingsDirect - 2.00% ($1K min) account review
• UmbrellaBank - 2.00% MMA (min $1K) 2.05% ($50K+) account review
• Delta Community CU - 2.00% MMA (min $25K) 2.35% $100K+, account review
• Zions Bank - 1.92% MMA, outside of Utah, (min $2.5K) account review
• CapitalOne/Costco - 1.90% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Ally/GMAC Bank - 1.90% MMA account review
• Bank Provident Online - 1.90% (min $10) account review
• Capital One - 1.85% (Savings) (min $10K) account review
• Amegy Bank - 1.80% (min $10K) account review
• grand yield direct - 1.80% (min $2.5K) account review
• Intervest National Bank - 1.80% MMA (min $2.5K) account review
• WTDirect - 1.76% ($10K min), account review
• Choice Financial - 1.76% (min $5K), (2.01% $25K+, 2.26% $100K) account review
• BankUnited - 1.75% (min $5K), account review
• Discover Bank - 1.75% MMA (min $2.5K) (2.00% for $25K+) account review
• Charles Schwab - 1.75% Savings, account review
• OneUnited - 1.75% (min $1K), account review
• Presidential Bank - 1.75% (min $5K, 1.25% over $35K), offers 1.5% checking, account review
• Bank of Internet - 1.70% MMA (min $100) account review
• FNBO Direct - 1.65%, account review
• BofA/Countrywide - 1.65% (min $10K) (1.75% for $50K+) account review
• EverBank - 1.65% MMA ($1.5K min) account review
• CapitalOne/Costco - 1.60% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Bank of America NEA - 1.60% MMA ($500 min) (1.65% for $50K+) account review
• EmigrantDirect - 1.55%, account review
• HSBC Direct - 1.55% 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)
• Citibank - 1.50% (Ultimate Savings) account review
• Venture Bank Direct - 1.43%, account review
• Capital One - 1.40% MMA, account review
• Salem Five Direct - 1.40% Checking (1.55% $100K+), account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• AmTrustDirect - 1.25% ($500 min) NEW e-Money Market (2.00% $10K+) account review
• Imperial Capital - 1.17% MMA ($2.5K min) (1.85% for $100K+) account review
• Imperial Capital - 1.10% Checking (min $1K) account review
• VirtualBank - 1.01% (min $100), (1.71% $25K+, 1.87% $50K+) post ($20 bonus)
• iGObanking - 1.00% Checking, account review
• ETrade Bank - 0.95%, account review
• WaMu/Chase - 0.75% (requires checking), account review
• Charles Schwab - 0.75% Checking, 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
• UFB Direct - 1.75% (min $8K)
• Ally/GMAC Bank - 1.70% (min $0) account review
• Imperial Capital - 1.70%, ($2K min), account review
• eBank - 1.45% (min $1K)
• UmbrellaBank - 1.40% (min $1K) account review

6-Month Certificates of Deposit:

• Wilshire State Bank - 2.52% (min $1K) account review
• Christian Community CU - 2.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
• Corus Bank - 2.20% (min $10K) account review
• La Jolla Bank - 2.15% (min $10K), account review
• Ally/GMAC Bank - 2.10% (min $0) account review
• FirstFedDirect - 2.05% (min $10K), account review
• Ascencia Bank - 2.03% (min $500), account review
• Excel National Bank - 2.00% (min $10K) account review
• Hudson City Savings - 2.00% (min $5K) account review
• AmTrustDirect - 2.00% (min $10K) account review
• Connexus CU - 2.00% (min $500) account review
• eBank - 2.00% (min $1K)
• UmbrellaBank - 2.00% (min $1K) account review
• Imperial Capital - 1.93% ($2K min), account review
• Zions Bank - 1.35% (min $1K) account review

9-Month Certificates of Deposit:

• Ally/GMAC Bank - 2.60% (min $0) account review
• Ally/GMAC Bank - 2.50% (min $0) No-Penalty, account review
• NewDominion Bank - 2.31% (min $3K) account review
• FirstFedDirect - 2.15% (min $10K) account review
• Consumers CU - 2.10% (min $250) (2.35% $100K+) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• eBank - 2.00% (min $1K)
• Imperial Capital - 1.90% ($2K min), account review
• Doral Bank Direct - 1.50% (min $1K) account review
• UmbrellaBank - 1.50% (min $1K) account review
• Bank of America - 1.15% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Melrose CU - 3.03% (min $5K) account review
• Ally/GMAC Bank - 2.80% (min $0) account review
• Quantum National Bank - 2.76% (min $1K) account review
• Corus Bank - 2.68% (min $10K) account review
• UFB Direct - 2.65% (min $8K)
• Delta Community CU - 2.65% (min $1K) account review
• Southeast Financial FCU - 2.60% (min $500) account review
• Wilshire State Bank - 2.52% (min $1K) account review
• Choice Financial - 2.51% (13 mo) (min $5K) add-on feature, account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Connexus CU - 2.50% (min $500) account review
• Mutual Bank - 2.42% (min $2.5K) account review
• Acacia Federal Savings Bank - 2.40% (15 mo) (min $500) account review
• eBank - 2.40% (min $1K)
• NewDominion Bank - 2.40% (min $3K) account review
• BankUnited - 2.40% (min $5K) account review
• Alliant Credit Union - 2.40% (min $25K) account review
• Amboy Direct - 2.35% Add-On (min $10K) account review
• Tennessee Commerce Bank - 2.35% (min $5K)
• Ascencia Bank - 2.34% (min $500), account review
• Discover Bank - 2.30% (min $2.5K) account review ($50 bonus)
• UmbrellaBank - 2.30% (min $1K) account review
• ISN Bank - 2.28% (min $1K) account review
• State Bank of India - 2.27% (min $5K) account review
• Fifth Third - 2.26% (15 mo) (min $5K) not all states, account review
• OneWest Bank/IndyMac - 2.25% (min $5K) account review
• Citibank - 2.25% (min $500)
• La Jolla Bank - 2.25% (min $10K), account review
• Hudson City Savings - 2.25% (min $5K) account review
• Imperial Capital - 2.23% ($2K min), account review
• Pacific Mercantile Bank - 2.22% (min $10K) account review
• KeyDirect - 2.15% (11 mo) (min $5K), 2.40% w/chk, Not all states, account review
• Crane FCU - 2.07% (min $500) account review
• HSBC Direct - 2.00% (min $10) account review
• Geauga Savings Bank - 1.95% (min $1K) account review
• Northwest FCU - 1.86% (min $500) add-on, account review
• State Farm Bank - 1.80% (min $500) account review
• Bank of America DOW - 1.70% (min $1K) account review
• Bank of America - 1.65% (min $5K) rates vary by state, account review
• Earthstar Bank - 1.60% (min $500) account review
• ING Direct - 1.50% account review

18-Month Certificates of Deposit:

• Pacific Mercantile Bank - 2.87% IRA-only (min $7.5K) account review
• Quantum National Bank - 2.82% (min $1K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• NewDominion Bank - 2.72% (min $3K) account review
• OneWest Bank/Indymac - 2.70% (min $5K) account review
• Ally/GMAC Bank - 2.60% (min $0) account review
• Mutual Bank - 2.56% (16 mo) (min $2.5K) account review
• eBank - 2.50% (min $1K)
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Navy FCU - 2.50% ($10K min) restrictions to membership, account review
• Discover Bank - 2.45% (min $2.5K), account review
• Advanta Bank - 2.40% (min $10K), account review
• Alliant Credit Union - 2.40% (min $25K) account review
• Consumers CU - 2.35% (16-mo) (min $250) (2.60% $100K+) account review
• State Farm Bank - 2.30% (min $500) account review
• VirtualBank - 2.28% (min $10K), account review
• Dollar Savings Direct - 2.25% (16-mo) (min $1K) account review
• UmbrellaBank - 2.25% (min $1K), account review
• NorthEast Community Bank - 2.02% (min $500) account review
• Greystone Bank - 1.75% (min $50K) account review
• HSBC Direct - 1.75% (min $10) account review

24-Month Certificates of Deposit:

• Melrose CU - 3.19% (min $5K) account review
• Quantum National Bank - 2.97% (min $1K) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• UFB Direct - 2.80% (min $8K)
• State Bank of India - 2.78% (min $5K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Ally/GMAC Bank - 2.75% (min $0) account review
• KeyDirect - 2.65% (28 mo) (min $5K), 2.90% w/chk, Not all states, account review
• eBank - 2.60% (min $1K)
• Advanta Bank - 2.60% (min $10K), account review
• Consumers CU - 2.60% (22-mo) (min $250) (2.85% $100K+) account review
• Alliant Credit Union - 2.55% (min $25K) account review
• Gateway Regional CU - 2.46% (min $1K) restrictions to membership, account review
• Flagstar - 2.40% (min $500), account review
• EverBank - 2.35% ($1.5K min) account review
• Fifth Third - 2.35% (min $5K) not all states, account review
• Northwest FCU - 2.23% (min $500) add-on, account review
• Crane FCU - 2.22% (min $500) account review
• MetLife Bank - 2.20% (min $50K) account review
• iGobanking - 2.12% (min $500), account review

36-Month Certificate of Deposit:

• Pentagon Federal CU - 3.50% (min $1K), account review
• Melrose CU - 3.34% (min $5K) account review
• Tennessee Commerce Bank - 3.27% (min $5K)
• Acacia Federal Savings Bank - 3.25% (min $500) account review
• State Bank of India - 3.24% (min $5K) account review
• Discover Bank - 3.20% (min $2.5K) account review
• Ally/GMAC Bank - 3.10% (min $0) account review
• Intervest - 3.10% (min $2.5K), account review
• UFB Direct - 3.05% (min $8K)
• eBank - 3.00% (min $1K)
• Alliant Credit Union - 3.00% (min $25K) account review
• Advanta Bank - 2.80% (min $10K), account review
• Gateway Regional CU - 2.79% (min $1K) restrictions to membership, 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
• KeyDirect - 2.65% (min $5K), 2.90% w/chk, Not all states, account review
• H&R Block Bank - 2.50% (min $250) account review
• Northrop Grumman FCU - 2.39% (min $40K), account review
• Bank of Internet - 2.25% (min $1K) account review

48-Month Certificate of Deposit:

• Pentagon Federal CU - 3.75% (min $1K), account review
• Intervest - 3.55% (min $2.5K), account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• Melrose CU - 3.49% (min $5K) account review
• Tennessee Commerce Bank - 3.45% (min $5K)
• Gateway Regional CU - 3.31% (min $1K) restrictions to membership, account review
• Discover Bank - 3.30% (min $2.5K) account review
• National Bank of KC - 3.25% (min $10K) account review
• Ally/GMAC Bank - 3.25% (min $0) account review
• FNBO Direct - 3.25% (min $500) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• 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/BofA - 3.00% (min $10K), account review
• Advanta Bank - 3.00% (min $10K), account review
• KeyDirect - 2.90% (min $5K), 3.15% w/chk, Not all states, account review
• Flagstar - 2.75% (min $500), account review

60-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Melrose CU - 3.91% (min $5K) account review
• Acacia Federal Savings Bank - 3.90% (min $500) account review
• UFB Direct - 3.70% (min $8K)
• Discover Bank - 3.70% (min $2.5K) account review
• Intervest - 3.66% (min $2.5K), account review
• State Bank of India - 3.65% (min $5K) account review
• Gateway Regional CU - 3.51% (min $1K) restrictions to membership, account review
• FNBO Direct - 3.51% (min $500) account review
• iGobanking - 3.50% (min $500), account review
• Ally/GMAC Bank - 3.50% (min $0) account review
• Connexus CU - 3.50% (min $1K) account review
• US Bank - 3.50% (59 mo) (min $1K) account review
• Northwest FCU - 3.45% (min $25K) account review
• Agriculture FCU - 3.40% (min $1K), account review
• E-LOAN - 3.35% ($10K min) account review
• Mutual Bank - 3.31% (min $2.5K) account review
• Nationwide Bank - 3.30% (min $500) account review
• Advanta Bank - 3.30% (min $10K), account review
• Third Federal - 3.25% (min $500) account review
• Delta Community CU - 3.25% (min $1K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• Navy FCU - 3.20% ($20K min) (3.35% for $100K+) restrictions to membership, account review
• Apple FCU - 3.20% (min $50K) account review
• KeyDirect - 3.15% (min $5K), 3.40% w/chk, Not all states, account review
• Consumers CU - 3.10% (59-mo) (min $250) (3.35% $100K+) account review
• EverBank - 3.10% ($1.5K min) account review
• Firstmark CU - 3.04% (min $50K) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Telcom Credit Union - 3.00% (min $500) account review
• Dollar Savings Direct - 3.00% (min $1K) account review
• Mountain America CU - 3.00% (min $1K) account review
• USA FCU - 2.63% (min $1K) 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
• 1st Source Bank - 2.40% (min $500) account review
• Western FCU - 2.18% (min $40K) account review

84-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Third Federal - 3.75% (6-yr) (min $500) account review
• Navy FCU - 3.75% ($20K min) restrictions to membership, account review
• Discover Bank - 3.75% (min $2.5K) account review
• Intervest - 3.67% (min $2.5K), account review
• KeyDirect - 3.40% (min $5K) 3.65% w/chk, Not all states, account review
• Countrywide/BofA - 2.10% (min $10K), account review
• Capital One/Costco - 2.05% (min $5K) account review
• Capital One - 2.00% (min $5K) 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 - 2.65% rate for $50k+
• Fidelity Money Market Fund - 0.71% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.51% 7-day yield
• Vanguard Prime Money Market Fund - 0.44% 7-day yield
• TIAA-CREF Money Market Fund - 0.31% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.33% 7-day yield
• Paypal Money Market Fund - 0.16% 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)