Bank Deals Weekly Summary for May 9, 2009

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

How will the stress test results that the government released on Thursday affect savers? In my Thursday post I discussed one opinion that these big banks that are being forced to raise capital will likely not raise deposit rates. This WSJ article is a little more optimistic, and has predictions that these banks may become more aggressive with deposit rates.

The government will likely not let these 19 biggest banks fail. The banks most likely to fail are the small banks like the one that failed yesterday. If you stay under the FDIC limits, you should not have to worry. This might be easier if the bill that passed the Senate last week becomes law. It extends the $250K coverage limit for 4 more years (see post).

Savings Account Rates

I reported on another new internet savings account this week. It's being offered by Choice Financial Group, and they're offering a tiered savings account with standard rates as high as 3.26% APY. There's also a 3.76% APY intro yield, but this is guaranteed only for 30 days (see post).

ProvidentNJ Direct continues to offer an internet savings account with a 3.25% APY guaranteed for 90 days. After the intro period, it becomes a tiered account with a 2.25% APY for balances over $10K (see post). Soon after I reported on this, several readers reported being rejected in the application possibly due to ChexSystem reports that showed too many recent inquiries. There's a ChexSystem inquiry each time you apply for a bank account, so ChexSystem can be used by banks if they want to avoid rate chasers. In my opinion, this is an abusive use of ChexSystem which should only be used for banks to ensure you've been responsible with your past bank accounts. On the positive side, recent comments show more applications are being accepted. So it appears they may have started to de-emphasize ChexSystem inquiries.

I reported on another installment savings account this week. This latest one is at Hanmi Bank which is located in California, and they are offering rates as high as 5.92% APY (see post). Wilshire State Bank continues to offer high rates on its Rainbow Installment Savings account which is available nationwide. The rates range from 4.60% APY for a 12-month term to 5.12% APY for a 3-year term (see post).

Below is the list of savings account rate changes for this week. The two big disappointments this week were at E*Trade Bank and Provident Direct which both cut their savings account rates below one percent. E*Trade Bank cut the rate on its Complete Savings Account from 1.20% to 0.95%, and Provident Direct made a much larger rate cut with the rate falling from 1.25% to 0.50%. Provident Bank is now part of M&T Bank, and it appears M&T Bank has decided not to offer any decent rates. Both M&T Bank's e-Money Market account and OnBank savings account offer the pathetically low rate of 0.50%. It's hard to believe that their rates used to be over 5%.

Rate Hikes:

1. Choice Financial - 2.76% $5K+, 3.01% $25K+, 3.26% $100K+ (new)

Rate Drops:

1. Intervest MMA - 1.95% (was 2.05%)
2. Amegy Bank MMA - 1.95% $10K+ (was 2.00%)
3. CapOne/Costco MMA - 1.60% (was 1.70%)
4. CapOne MMA - 1.40% (was 1.50%)
5. E*Trade Max-Rate Chk - 0.40% (was 0.50%)
6. Union Federal Savings - 2.05% (was 2.10%)
7. ETrade Complete Savings - 0.95% (was 1.20%)
8. Provident Direct Savings - 0.50% (was 1.25%)

Certificate of Deposit Rates

In addition to the high yield savings account, Choice Financial Group is offering a 13-month internet CD with a rate of 3.01% APY. It also has an add-on feature, however, it caps the additional deposits to the amount of the initial deposit (see post).

Some 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 as of 5/09/09: The full list of nationwide CD rates is farther down.

1. 3.25% 3-mo savings account promo at ProvidentNJ Direct (account review)
2. 2.50% 4-mo CD at Danvers Bank (account review)
3. 2.52% 6-mo CD at Wilshire State Bank (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. 3.01% 13-mo CD at Choice Financial - Add-On Feature (account review)
7. 2.80% 12mo CD at GMAC Bank (account review)
8. 4.00% 60-mo CD at Pentagon FCU (account review)

Best Local CD Deals as of 5/09/09: 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. 3.29% 6-mo CD & 3.87% 15-mo CD at Progressive CU in NY, NY (account review)
2. 2.89% 7-mo CD & 3.05% MMA at Raymond Bank in WA (account review
3. 2.85% 6-mo Liquid CD at Saehan Bank in CA (account review)
4. 2.75% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
5. 3.00% 9-mo CD at Pacific Transportation FCU in CA (account review)
6. 3.25% 12-mo CD at Cornerstone Bank in GA (account review
7. 3.00% 12-mo CD at First Priority CU in MA (account review)
8. 3.30% 12-mo CD at Self Reliance New York FCU (account review)
9. 2.85% 12-mo Add-On CD at Nara Bank in CA, NY & NJ (account review
10. 3.00% 25-mo CD at Broadway Bank in Chicago (account review)
11. 4.50% 60-mo CD & 2.75% 12-mo CD at Urban Trust Bank in FL & MD (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with rates ranging from 4.01% to 5.50% APY (see below). At least one of the four is available nationwide. There have been many rate cuts in May, and I remain busy updating the tables. My full list of reward checking accounts is getting close to 400. If you can't find one that's local, refer to my nationwide list.

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

Banking News

• 33rd Bank Failure of 2009: Westsound Bank in Washington State
• Bank Stress Test Results - Impacts to Depositors?
• Extension of FDIC's $250,000 Deposit Insurance Limit Gets Closer - May Not Become Permanent

Savings/Checking Accounts - National

• High Yield Savings Account and CD at Choice Financial - Nationally Available
• Higher Monthly Fees and Minimum Balance Requirements for EverBank's Yield Pledge Money Market Account

CD Deals - National

• 3.25% 2-Year CD at USAA Bank - Nationally Available but Membership Restrictions

Checking/Savings Account Bonuses

• $200 Capital One Checking Bonus in CT, LA, NY, NJ & TX - YMMV
• Up to $120 Savings/Checking Account Bonus at Umpqua Bank in CA, OR & WA
• $100 Checking Account Bonus at American Eagle Credit Union in MO & TX

Reward Checking Accounts

• 4.01% Reward Checking Account at Patriot Bank in Florida
• 5.50% Reward Checking Account at Public Service Credit Union in Indiana - Local Only
• 4.75% Reward Checking Account at Countybank in SC - Nationally Available
• 4.51% Reward Checking Account at Lapeer County Bank & Trust Co. in Michigan

CD and Money Market Deals - Local

• 2.89% 7-Month CD & 3.05% Money Market at Raymond Federal Bank in Washington State - Local Only
• 3.25% 12-Month CD at a Cornerstone Bank in Georgia - Local Only
• Competitive Money Market, Savings and CD Rates at United Central Bank in TX, CA, GA, MD & VA
• Installment Savings Account with High Rates at Hanmi Bank - CA Only
• 3.20% 24-Month & 2.71% 12-Month CD at Wheatland Bank in Illinois
• 2.85% 24-Month Add-On CD at NexBank in Texas
• 3.00% 2-Year CD & Other Competitive CD Rates at First Republic Bank - RATE DROP
• 2.50% 9-Month CD at Danvers Bank in Massachusetts
• 3.10% 24-Month CD & Other CD and Money Market Deals at AnchorBank in WI - RATE DROP
• 2.75% Savings Account at Regal Financial Bank in Washington State - RATE DROP

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 9, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• ProvidentNJ Direct - 3.25% (min $50), 3 mo promo, stnd: 2.25% $10K+, account review
• SmartyPig - 3.05% (min $25) account review
• Choice Financial - 2.76% (min $5K), (3.01% $25K+, 3.26% $100K) 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
• Centennial Bank - 2.53% ($50K min), 2.79% ($100K min) account review
• Alliant Credit Union - 2.50% (min $100) account review
• 1st Constitution Direct - 2.50% (min $100), 3 mo promo, 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
• Alliant Credit Union - 2.25% Checking 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
• Flagstar - 2.20% MMA, 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
• 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)
• Bank of Internet - 2.06% (min $100) account review
• 1st Constitution Direct - 2.05% (min $10K) stnd rate, account review
• Danversbank - 2.05% account review
• Clear Sky Accounts - 2.05% account review
• Union Federal Savings - 2.05% account review
• Capital One - 2.01% (Savings) (min $10K) account review
• UmbrellaBank - 2.00% MMA (min $1K) 2.25% ($25K+) account review
• DollarSavingsDirect - 2.00% ($1K min) account review
• Hudson City Savings - 2.00% (min $2.5K) account review
• OneUnited - 2.00% (min $1K), account review
• Bank Provident Online - 2.00% (min $10) account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• Amegy Bank - 1.95% (min $10K) account review
• Intervest National Bank - 1.95% MMA (min $2.5K) account review
• grand yield direct - 1.90% (min $2.5K) 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
• Charles Schwab - 1.75% Savings, 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
• 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
• CapitalOne/Costco - 1.60% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• 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
• Salem Five Direct - 1.40% Checking (1.55% $100K+), account review
• Capital One - 1.40% MMA, account review
• Imperial Capital - 1.35% MMA ($2.5K min) (2.03% 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 (2.25% $10K+) account review
• GCF Bank - 1.20% (min $100), 3-mo promo, account review
• Transportation Alliance Bank - 1.20%, ($25 min), account review
• Imperial Capital - 1.20% Checking (min $1K) account review
• UFB Direct - 1.05% Absolute Savings (min $10K)
• AARP Financial Savings Center - 1.05%, AARP membership req, 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
• E-LOAN - 0.81% ($5K min), account review
• Charles Schwab - 0.75% Checking, account review
• WaMu/Chase - 0.75% (requires checking), account review
• Rainier Pacific - 0.75% MMA, account review
• UFB Direct - 0.75%, Travelers Savings (min $10K) account review
• OnBank - 0.50%, account review
• M&T Bank - 0.50%, account review
• Provident Direct - 0.50% account review
• ETrade Bank - 0.40% 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 - 0.50% (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
• eBank - 2.30% (min $1K)
• Corus Bank - 2.25% (min $10K) account review
• GMAC Bank - 2.15% (min $500), account review
• Ascencia Bank - 2.15% (min $500), account review
• La Jolla Bank - 2.15% (min $10K), account review
• UmbrellaBank - 2.15% (min $1K) account review
• Imperial Capital - 2.10% ($2K min), account review
• FirstFedDirect - 2.05% (min $10K), account review
• Connexus CU - 2.00% (min $500) 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
• VirtualBank - 1.92% (min $10K), account review
• UFB Direct - 1.80% (min $8K)
• HSBC Direct - 1.75% (min $10) account review
• Tennessee Commerce Bank - 1.75% (min $5K)
• Firstmark CU - 1.70% (min $50K) account review
• Air Force FCU - 1.70% (min $25K) membership restrictions account review
• EverBank - 1.65% ($1.5K min) account review
• Flagstar - 1.60% (min $500), account review
• Nationwide Bank - 1.60% (min $500) account review
• Bank of America DOW - 1.55% (min $1K) account review
• Northrop Grumman FCU - 1.51% (min $40K), account review
• Zions Bank - 1.51% (min $1K) account review
• Century Bank Direct - 1.41% (5 mo) (min $1K) account review
• ISN Bank - 1.41% (min $1K) account review
• OneWest Bank/IndyMac - 1.35% (min $5K) account review
• Earthstar Bank - 1.30% (min $500) account review
• State Bank of India - 1.26% (min $5K) account review
• FNBO Direct - 1.25% (min $500) account review
• ING Direct - 1.25%, account review
• Citibank - 1.25% (7-mo) (min $500) account review
• Greystone Bank - 1.22% (min $50K) account review
• H&R Block Bank - 1.00% (min $250) account review
• E-LOAN - 0.75% ($10K min), account review
• ETrade Bank - 0.70% (min $1K), account review
• Capital One - 0.25% (min $5K) account review

9-Month Certificates of Deposit:

• Doral Bank Direct - 2.50% (min $1K) account review
• eBank - 2.35% (min $1K)
• NewDominion Bank - 2.31% (min $3K) account review
• GMAC Bank - 2.30% (min $500), account review
• FirstFedDirect - 2.15% (min $10K) account review
• Imperial Capital - 2.13% ($2K min), account review
• Consumers CU - 2.10% (min $250) (2.35% $100K+) account review
• UmbrellaBank - 2.05% (min $1K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, 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
• EverBank - 1.65% ($1.5K min) account review
• KeyDirect - 1.55% (8 mo) (min $5K), 1.90% w/chk, Not all states, 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
• OneWest Bank/Indymac - 1.40% (min $5K) account review
• Bank of America - 1.40% (min $5K), risk-free, rates vary by state (account review)
• WaMu/Chase - 1.35% (8 mo) (min $1K), 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
• Choice Financial - 3.01% (13 mo) (min $5K) add-on feature, account review
• GMAC Bank - 2.80% (min $500), account review
• Corus Bank - 2.73% (min $10K) account review
• Alliant Credit Union - 2.65% (min $25K) account review
• Delta Community CU - 2.65% (min $1K) account review
• UFB Direct - 2.65% (min $8K)
• OneWest Bank/IndyMac - 2.60% (min $5K) account review
• Tennessee Commerce Bank - 2.60% (min $5K)
• Southeast Financial FCU - 2.60% (min $500) account review
• UmbrellaBank - 2.60% (min $1K) account review
• BankUnited - 2.55% (min $5K) account review
• Wilshire State Bank - 2.52% (min $1K) account review
• Connexus CU - 2.50% (min $500) 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
• Acacia Federal Savings Bank - 2.50% (15 mo) (min $500) account review
• Ascencia Bank - 2.48% (min $500), account review
• Mutual Bank - 2.47% (min $2.5K) account review
• Imperial Capital - 2.45% ($2K min), 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)
• State Farm Bank - 2.32% (min $500) account review
• Advanta Bank - 2.30% (min $10K), account review
• HSBC Direct - 2.30% (min $10) account review
• Navy FCU - 2.30% ($20K min) restrictions to membership, account review
• Intervest - 2.30% (min $2.5K), account review
• FirstFedDirect - 2.30%, (min $10K) account review
• Crane FCU - 2.27% (min $500) 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
• Amboy Direct - 2.10% Add-On (min $10K) account review
• State Bank of India - 2.02% (min $5K) account review
• KeyDirect - 2.00% (11 mo) (min $5K), 2.25% w/chk, 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
• EverBank - 2.00% ($1.5K min) account review
• Fifth Third - 2.00% (11 mo) (min $5K), Not all states, account review
• Air Force FCU - 1.95% (min $25K) membership restrictions account review
• Nationwide Bank - 1.90% (min $500) account review
• Bank of America - 1.90% (min $5K) rates vary by state, account review
• Northwest FCU - 1.88% (min $500) add-on, account review
• National Bank of KC - 1.85% (min $10K) account review
• iGobanking - 1.75% (15 mo) (min $500), account review
• Mountain America CU - 1.75% (min $1K) account review
• Century Bank Direct - 1.61% (15 mo) (min $1K) account review
• Northrop Grumman FCU - 1.61% (min $40K), account review
• Earthstar Bank - 1.60% (min $500) account review
• FNBO Direct - 1.50% (min $500) 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:

• Southeast Financial FCU - 2.75% (min $500) account review
• NewDominion Bank - 2.72% (min $3K) account review
• State Farm Bank - 2.71% (min $500) account review
• GMAC Bank - 2.70% (min $500) account review
• Tennessee Commerce Bank - 2.70% (min $5K)
• Alliant Credit Union - 2.65% (min $25K) account review
• UmbrellaBank - 2.65% (min $1K), account review
• Mutual Bank - 2.62% (16 mo) (min $2.5K) account review
• Navy FCU - 2.50% ($10K min) restrictions to membership, account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• eBank - 2.50% (min $1K)
• Doral Bank Direct - 2.50% (min $1K) account review
• Discover Bank - 2.50% (min $2.5K), account review
• Intervest - 2.50% (min $2.5K), account review
• Advanta Bank - 2.40% (min $10K), account review
• Consumers CU - 2.35% (16-mo) (min $250) (2.60% $100K+) 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
• Dollar Savings Direct - 2.25% (16-mo) (min $1K) account review
• Greystone Bank - 2.11% (min $50K) account review
• NorthEast Community Bank - 2.02% (min $500) account review
• H&R Block Bank - 2.00% (min $250) account review
• Wachovia - 2.00% (16 mo) chk req, varies by state (min $5K) account review
• EverBank - 2.00% ($1.5K min) account review
• USA FCU - 1.80% (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
• First Trade Union Bank - 1.00% (min $500) account review

24-Month Certificates of Deposit:

• Melrose CU - 3.19% (min $5K) account review
• GMAC Bank - 2.90% (min $500) account review
• Tennessee Commerce Bank - 2.85% (min $5K)
• Alliant Credit Union - 2.80% (min $25K) account review
• UFB Direct - 2.80% (min $8K)
• State Bank of India - 2.78% (min $5K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Intervest - 2.65% (min $2.5K), account review
• Consumers CU - 2.60% (22-mo) (min $250) (2.85% $100K+) account review
• Advanta Bank - 2.60% (min $10K), account review
• eBank - 2.60% (min $1K)
• Credit Union of Georgia - 2.53% (min $50K), account review
• KeyDirect - 2.50% (28 mo) (min $5K), 2.75% w/chk, Not all states, account review
• Doral Bank Direct - 2.50% (min $1K) account review
• Crane FCU - 2.43% (min $500) account review
• Northwest FCU - 2.36% (min $500) add-on, account review
• Gateway Regional CU - 2.36% (min $1K) restrictions to membership, account review
• Fifth Third - 2.35% (min $5K) not all states, account review
• Firstmark CU - 2.30% (min $50K) account review
• Air Force FCU - 2.30% (min $25K) membership restrictions account review
• FNBO Direct - 2.25% (min $500) 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
• KeyDirect - 2.00% (min $5K), 2.25% w/chk, Not all states, account review
• Capital One - 2.00% (min $5K) account review
• Mountain America CU - 1.90% (min $1K) account review
• 1st Source Bank - 1.70% (min $5K) account review

36-Month Certificate of Deposit:

• Pentagon Federal CU - 3.50% (min $1K), account review
• Melrose CU - 3.34% (min $5K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• Tennessee Commerce Bank - 3.25% (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
• GMAC Bank - 3.20% (min $500) account review
• Intervest - 3.10% (min $2.5K), account review
• UFB Direct - 3.05% (min $8K)
• eBank - 3.00% (min $1K)
• Advanta Bank - 2.80% (min $10K), account review
• Gateway Regional CU - 2.79% (min $1K) restrictions to membership, account review
• FNBO Direct - 2.75% (min $500) account review
• NewDominion Bank - 2.75% (min $3K) account review
• Northwest FCU - 2.73% (min $25K) 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
• 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
• Northrop Grumman FCU - 2.40% (min $40K), account review
• Bank of Internet - 2.25% (min $1K) account review
• Flagstar - 2.20% (min $500), account review
• Mountain America CU - 2.10% (min $1K) account review
• Capital One - 2.00% (min $5K) account review
• 1st Source Bank - 1.90% (min $500) account review
• Western FCU - 1.65% (min $40K), account review

48-Month Certificate of Deposit:

• Pentagon Federal CU - 3.75% (min $1K), account review
• Intervest - 3.55% (min $2.5K), account review
• Alliant Credit Union - 3.50% (min $25K) account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• Melrose CU - 3.49% (min $5K) account review
• Tennessee Commerce Bank - 3.40% (min $5K)
• Gateway Regional CU - 3.36% (min $1K) restrictions to membership, account review
• Discover Bank - 3.30% (min $2.5K) account review
• FNBO Direct - 3.25% (min $500) account review
• GMAC Bank - 3.25% (min $500) account review
• National Bank of KC - 3.25% (min $10K) account review
• Bank of America DOW - 3.11% (min $1K) account review
• Advanta Bank - 3.00% (min $10K), account review
• Countrywide/BofA - 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
• Northwest FCU - 2.83% (min $25K) account review
• KeyDirect - 2.75% (min $5K), 3.00% w/chk, Not all states, account review
• Flagstar - 2.75% (min $500), account review
• E-LOAN - 2.65% ($10K min) account review
• 1st Source Bank - 2.60% (min $500) account review
• Mountain America CU - 2.50% (min $1K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Capital One - 2.50% (min $5K) account review
• Patelco CU - 2.48% ($1K min), account review
• USA FCU - 2.25% (min $1K) account review
• Western FCU - 2.09% (min $40K), 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
• US Bank - 3.75% (59 mo) (min $1K) account review
• Discover Bank - 3.70% (min $2.5K) account review
• Intervest - 3.66% (min $2.5K), account review
• UFB Direct - 3.65% (min $8K)
• State Bank of India - 3.55% (min $5K) account review
• FNBO Direct - 3.51% (min $500) account review
• Gateway Regional CU - 3.51% (min $1K) restrictions to membership, account review
• Connexus CU - 3.50% (min $1K) account review
• Alliant Credit Union - 3.50% (min $25K) account review
• GMAC Bank - 3.50% (min $500) account review
• iGobanking - 3.50% (min $500), account review
• Northwest FCU - 3.47% (min $25K) 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
• Delta Community 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
• Firstmark CU - 3.20% (min $50K) account review
• Consumers CU - 3.10% (59-mo) (min $250) (3.35% $100K+) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Mountain America CU - 3.00% (min $1K) account review
• Salem Five Bank - 3.00% (min $10K), 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
• Telcom Credit Union - 3.00% (min $500) account review
• Air Force FCU - 2.90% (min $25K) membership restrictions account review
• Flagstar - 2.75% (min $500), account review
• 1st Source Bank - 2.70% (min $500) 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
• 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 - 2.22% (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/BofA - 2.10% (min $10K), account review
• WaMu/Chase - 1.50% (min $1K), account review

Various Deposit Account Deals

• Checking/Savings Account Bonuses
• Latest CD and Savings Account Deals with No Major Deposit Limitiations

High Yield Reward Checking Accounts - Open to All

• Reward Checking Accounts Available Nationwide

Recent CD Specials at Local Credit Unions and Banks

• Alabama deals and CD rates
• Alaska deals and CD rates
• Arizona deals and CD rates
• Arkansas deals and CD rates
• California deals and CD rates
• Colorado deals and CD rates
• Connecticut deals and CD rates
• Delaware deals and CD rates
• District of Columbia deals and CD rates
• Florida deals and CD rates
• Georgia deals and CD rates
• Hawaii deals and CD rates
• Idaho deals and CD rates
• Illinois deals and CD rates
• Indiana deals and CD rates
• Iowa deals and CD rates
• Kansas deals and CD rates
• Kentucky deals and CD rates
• Louisiana deals and CD rates
• Maine deals and CD rates
• Maryland deals and CD rates
• Massachusetts deals and CD rates
• Michigan deals and CD rates
• Minnesota deals and CD rates
• Mississippi deals and CD rates
• Missouri deals and CD rates
• Montana deals and CD rates
• Nebraska deals and CD rates
• Nevada deals and CD rates
• New Hampshire deals and CD rates
• New Jersey deals and CD rates
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• North Carolina deals and CD rates
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• 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 - 0.79% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.63% 7-day yield
• Vanguard Prime Money Market Fund - 0.48% 7-day yield
• TIAA-CREF Money Market Fund - 0.37% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.30% 7-day yield
• Paypal Money Market Fund - 0.19% 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)