Bank Deals Weekly Summary for June 6, 2009

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

Treasury yields continued to rise this week as investors anticipate a greater supply of government debt being sold to fund federal spending. As this Reuter article describes, "extreme bond market volatility reflects uncertainty over the inflationary impact of aggressive Fed action to defeat the severe U.S. recession." With more signs this week that the economy may have reached the bottom, inflation fears are now the main worry. And the question is will the government be able to tighten the monetary and fiscal policy soon enough to hold back high inflation. There's going to be pressure not to tighten policy. High Treasury yields will lead to higher mortgage rates which will be costly to consumers. Also with higher gas prices, high unemployment and higher savings, consumer spending will suffer, and with consumer spending being such a large part of the economy, I can't see how we'll get a quick recovery.

The speed of how fast inflation takes hold and how fast the government reacts will have a lot of influence on our future deposit rates. This doesn't make it easy if you're deciding on CD terms. You don't want to be locked into long-term CDs if interest rates start shooting up in the next year or two. On the other hand, I'm sure many people who chose short-term CDs last year wished they had chosen longer maturities.

Savings & Money Market Accounts

One bit of good news came from EverBank which increased the rate of its 3-month money market and checking account promo from 2.51% to 3.01% (see review). If you're not already an EverBank customer and have less than $150K to save, this can be a better deal than any 3-month CD. EverBank is not alone with this type of promo. The new internet bank, ProvidentNJ Direct, is still offering a 3.01% 3-month promo (see review). One thing to consider is that 3 months isn't that long, and if these accounts are not what you want for the long-term, it could be more of a hassle than the benefits of the promo rate. The longer promo rate offered by EBSB Direct didn't last long. It originally was offering up to 2.81% until 9/30/09. This week, they ended the promo period and also lowered the rate to 2.22% (see review).

Without a rate guarantee, you may find it very frustrating as you open new accounts. I'm afraid many people probably had this experience last week as several online banks cut rates yet again. You can see below another long list of rate cuts.

Rate Hikes:

1. EverBank MMA/Chk 3mo promo - 3.01% (was 2.51%)

Rate Drops:

1. Countrywide/BofA SavingsLink - 1.50% (was 1.65%)
2. Ally Bank (GMAC) Savings - 2.05% (was 2.25%)
3. Heartland Bank Direct Savings - 2.01% (was 2.10%)
4. Bank of American Fork Savings - 1.95% (was 2.20%)
5. Flagstar MMA - 2.00% (was 2.20%)
6. Capital One Savings - 1.75% (was 1.85%)
7. EBSB Direct Savings - 2.22% (was 2.62%)
8. Alliant CU Savings - 2.25% (was 2.50%)
9. Alliant CU Chk - 2.00% (was 2.25%)
10. Savings Square Savings - 2.00% (was 2.10%)
11. OneWest (IndyMac) MMA - 0.75% to 2.15% (was 2.25% all tiers)
12. Nationwide MMA - 2.00% (was 2.15%)
13. Corus Bank MMA - 2.11% (was 2.15%)
14. UmbrellaBank MMA - 1.90% to 1.95% (was 2.00% to 2.05%)
15. Amegy Bank Savings - 1.75% (was 1.80%)
16. Imperial Capital MMA - 1.79% $100K+ (was 1.85%)
17. Imperial Capital Chk - 0.92% (was 1.10%)

Certificate of Deposit Rates

Even though Treasury yields have been rising, I'm still seeing more CD rate cuts than hikes, even on the longer term CDs. On the positive side, Pentagon Federal Credit Union kept their very competitive long-term CD rates for June. They continue to offer the best long-term CD deals with rates as high as 4% APY for 5- and 7-year terms (see review). For those who prefer to stick with banks, Tennessee Commerce Bank is offering very competitive CD rates for terms of one year to 5 years. As I described in my post they have several depositor-friendly features.

For short-term CDs, I found a good deal at TotalBank which is offering internet CDs with a 2.55% APY for terms of 3, 6, 9 and 12 months (see review). There are also some good deals on liquid CDs. Unfortunately, Ally Bank cut its 9-month no-penalty CD rate on Friday to 2.30% APY, but this is still a good deal compared with the competition (see review).

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

Best Nationwide CD Deals as of 6/06/09: 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 money market/checking promo at EverBank (account review)
2. 3.01% 3-mo savings account promo at ProvidentNJ Direct (account review)
3. 2.55% 3, 6, 9 & 12-mo CDs at TotalBank (account review)
4. 2.50% 4-mo CD at Danvers Bank (account review)
5. 2.78% 11-mo CD at Franklin Synergy Bank (account review)
6. 2.52% 6-mo CD at Wilshire State Bank (account review)
7. 2.30% 9-mo No-Penalty CD at Ally/GMAC Bank (account review)
8. 3.03% 12-mo CD at Melrose CU (account review)
9. 4.60% 1yr & 5.12% 3yr Installment Savings Accounts at Wilshire State Bank (account review)
10. 2.87% 24-mo CD at Tennessee Commerce Bank (account review)
11. 3.50% 36-mo CD & 4.00% 60-mo CD at Pentagon FCU (account review)

Best Local CD Deals as of 6/06/09: 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. 2.50% 7-mo CD at Central Bank in Tampa, FL (account review)
3. 2.80% 9-mo CD at Connex CU in CT (account review)
4. 3.30% 13-mo CD at RockBridge Bank in GA - may be able to open by mail (account review)
5. 3.25% 12-mo CD at Cornerstone Bank in GA (account review
6. 3.05% 12-mo CD at Self Reliance New York FCU (account review)
7. 3.00% 12-mo & 2.60% 6-mo CD at LOMTO FCU in NY City (account review)
8. 3.00% 18-mo CD at First Priority CU in MA (account review)
9. 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
10. 3.10% 25-mo CD & 2.65% 6-mo CD at CoreFirst Bank at CO & KS (account review)
11. 3.00% 25-mo CD at Broadway Bank in Chicago (account review)
12. 4.50% 60-mo CD & 2.75% 12-mo CD at Urban Trust Bank in FL & MD (account review)
13. 4.07% 60-mo CD at South Jersey FCU (account review)

Reward Checking Accounts

I reported on two new reward checking accounts this week with rates of 4.25% and 4.51% APY (see below). To see all of the high yield reward checking accounts available throughout the nation, please refer to my High Yield Checking website. I continue to be busy updating rates as reward checking rates fall. However, many reward checking accounts continue to offer rates much higher than online savings account rates. Reward checking requirements can be a hassle, but I'm thankful that we have these in this very low interest rate environment.

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

Banking News

• Did ebank cut rates to comply with the FDIC's rate caps?
• 37th Bank Failure of 2009
• GMAC Financial Services' CEO Responds to the ABA
• Behind the Scenes with the FDIC and the History of Sheila Bair
• The FDIC's Weekly National Rates and Rate Caps

Savings Accounts - National

• Rate Cuts at Ally Bank
• Competitive Savings Account and CD Rates at Tennessee Commerce Bank - Nationally Available
• EverBank Increases 3-Month Promo Rate for its Money Market and Checking Account

CD Deals - National

• 2.55% Online CDs for Terms of 3 to 12 Months Plus 2.05% e-Savings at TotalBank in South Florida - Nationally Available
• Update on Pentagon Federal Credit Union's Certificates
• Update on Ally Bank's 9-Month No-Penalty CD

Checking/Savings Bonuses

• $50 Checking Account Bonus with No Direct Deposit at FirstBank - CO, AZ & CA Only
• WTDirect Savings Account $75 Bonus for Direct Deposit
• $75 Bonus for Opening a Checking Account with Direct Deposit at PNC Bank
• $75 Checking Account Bonus at Bank of America, Plus a Note on the New Fees

Reward Checking Accounts

• 4.25% Rewards Checking Account at Seasons FCU in Connecticut - Local Only
• 4.51% Reward Checking Account at Community National Bank in Tennessee

CD and Money Market Deals - Local

• 3.30% 13-Month and 21-Month CD at RockBridge Commercial Bank in Georgia
• 2.95% 24-Month CD & 2.55% 12-Month CD at HomeStreet Bank in WA & OR - Local Only
• 3.00% 24-Month CD at First City Bank in NW Florida - Local Only
• 3.00% 23-Month CD & 2.65% 11-Month CD at Northpointe Bank in Michigan
• 2.75% 11-Month CD at Champion Bank in Missouri
• 3.00% 12-Month CD & 2.75% 9-Month CD at Midtown Bank in Georgia - Local Only
• 3.00% 12-Month CD, 2.60% 6-Month CD and Other High CD Rates at LOMTO FCU in New York City - Local Only
• 2.81% 6-Month CD & 2.60% 12-Month CD at Hanmi Bank in California - Local Only
• 2.50% Checking Account and 2.50% 14-Month CD at East River Bank in Philadelphia - Local Only
• 3.50% 36-Month CD at Northwest Savings Bank in SE Florida - Local Only
• 2.50% 7-Month Liquid CD at Cental Bank in Florida - Local Only
• 3.49% 49-Month Liquid CD at McFarland State Bank in Wisconsin - Local Only
• Checking Account with Rates up to 3.00% at Solera National Bank in Colorado

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 June 6, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• SmartyPig - 3.05% (min $25) withdrawal restrictions, account review
• EverBank - 3.01% ($5K min), 3 mo promo rate up to $50K (1.65% stnd) 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), May fall to 2.25% on Monday, account review
• 1st Constitution Direct - 2.50% (min $100), 3 mo promo, 2.05% $10K+ stnd, 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
• Acacia Federal Savings Bank - 2.25% (guaranteed to 9/30/09) account review
• FNCB Bank - 2.25% (min $100) account review
• Doral Bank Direct - 2.25% (min $1K) account review
• Alliant Credit Union - 2.25% (min $100), account review
• EBSB Direct - 2.22% (min $50K) account review
• CNB Bank Direct - 2.20% account review
• Corus Bank - 2.11% MMA (min $10K) account review
• ADB Bank - 2.10% account review
• 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
• ShoreBank - 2.05%, account review
• Ally/GMAC Bank - 2.05% Savings account review
• TotalBank - 2.05% (min $1K) account review
• iGObanking - 2.02%, account review
• Mutual Bank - 2.01% MMA (min $5K), account review
• Heartland Bank Direct - 2.01% ($500 min), account review
• Delta Community CU - 2.00% MMA (min $25K) 2.25% $100K+, account review
• DollarSavingsDirect - 2.00% ($1K min) account review
• Hudson City Savings - 2.00% (min $2.5K) account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• Savings Square - 2.00%, account review
• Nationwide Bank - 2.00% MMA (min $1K) account review
• Flagstar - 2.00% MMA, account review
• Alliant Credit Union - 2.00% Checking, May fall to 2% on Monday, account review
• Bank of American Fork - 1.95% (min $1K) account review
• Zions Bank - 1.92% MMA, outside of Utah, (min $2.5K) account review
• Bank Provident Online - 1.90% (min $10) account review
• Ally/GMAC Bank - 1.90% MMA account review
• UmbrellaBank - 1.90% MMA (min $1K) 1.95% ($50K+) account review
• Intervest National Bank - 1.80% MMA (min $2.5K) account review
• grand yield direct - 1.80% (min $2.5K) account review
• CapitalOne/Costco - 1.80% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Choice Financial - 1.76% (min $5K), (2.01% $25K+, 2.26% $100K) account review
• WTDirect - 1.76% ($10K min), account review
• Presidential Bank - 1.75% (min $5K, 1.25% over $35K), offers 1.5% checking, account review
• OneUnited - 1.75% (min $1K), 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
• Amegy Bank - 1.75% (min $10K) account review
• Capital One - 1.75% (Savings) (min $10K) account review
• Bank of Internet - 1.70% MMA (min $100) account review
• EverBank - 1.65% MMA ($1.5K min) account review
• FNBO Direct - 1.65%, account review
• Bank of America NEA - 1.60% MMA ($500 min) (1.65% for $50K+) account review
• CapitalOne/Costco - 1.60% MMA (min $1K, Costco members only, $60 deal for exec. members)
• HSBC Direct - 1.55% account review
• EmigrantDirect - 1.55%, account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• Citibank - 1.50% (Ultimate Savings) account review
• ING Direct - 1.50%, (0.25% checking), post ($25 bonus)
• UnivestDirect - 1.50%, (0.25% checking), account review
• BofA/Countrywide - 1.50% (min $10K) (1.60% for $50K+) 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
• Bank of Internet - 1.30% Checking (min $5K) account review
• AmTrustDirect - 1.25% ($500 min) NEW e-Money Market (2.00% $10K+) account review
• OneWest Bank/Indymac - 1.25% (min $10K) tiered rates up to 2.15% $100K+, account review
• Imperial Capital - 1.17% MMA ($2.5K min) (1.79% for $100K+) 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
• Imperial Capital - 0.92% Checking (min $1K) account review
• Charles Schwab - 0.75% Checking, account review
• WaMu/Chase - 0.75% (requires checking), account review

3-Month Certificates of Deposit:

• TotalBank - 2.55% (min $1K) account review
• 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 - 1.63%, ($2K min), account review
• Ally/GMAC Bank - 1.60% (min $0) account review
• UFB Direct - 1.50% (min $8K)
• UmbrellaBank - 1.40% (min $1K) account review
• eBank - 1.35% (min $1K)

6-Month Certificates of Deposit:

• TotalBank - 2.55% (min $1K) account review
• 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 - 2.12% (min $10K) account review
• FirstFedDirect - 2.05% (min $10K), account review
• Ascencia Bank - 2.03% (min $500), account review
• Consumers CU - 2.00% (7-mo) (min $250) (2.25% $100K+) account review
• Connexus CU - 2.00% (min $500) account review
• AmTrustDirect - 2.00% (min $1K) account review
• Hudson City Savings - 2.00% (min $5K) account review
• Excel National Bank - 2.00% (min $10K) account review
• Ally/GMAC Bank - 2.00% (min $0) account review
• La Jolla Bank - 2.00% (min $10K), account review
• Imperial Capital - 1.87% ($2K min), account review
• UmbrellaBank - 1.50% (min $1K) account review
• eBank - 1.50% (min $1K)
• Zions Bank - 1.21% (min $1K) account review

9-Month Certificates of Deposit:

• TotalBank - 2.55% (min $1K) account review
• NewDominion Bank - 2.31% (min $3K) account review
• Ally/GMAC Bank - 2.30% (min $0) No-Penalty, account review
• FirstFedDirect - 2.15% (min $10K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• Ally/GMAC Bank - 1.90% (min $0) account review
• Imperial Capital - 1.85% ($2K min), account review
• UmbrellaBank - 1.50% (min $1K) account review
• Doral Bank Direct - 1.50% (min $1K) account review
• eBank - 1.50% (min $1K)
• Bank of America - 1.00% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Melrose CU - 3.03% (min $5K) account review
• Quantum National Bank - 2.76% (min $1K) account review
• Corus Bank - 2.63% (min $10K) account review
• Southeast Financial FCU - 2.60% (min $500) account review
• TotalBank - 2.55% (min $1K) account review
• Wilshire State Bank - 2.52% (min $1K) account review
• Choice Financial - 2.51% (13 mo) (min $5K) add-on feature, account review
• Connexus CU - 2.50% (min $500) account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Delta Community CU - 2.50% (min $1K) account review
• Ally/GMAC Bank - 2.49% (min $0) account review
• Mutual Bank - 2.42% (min $2.5K) account review
• Tennessee Commerce Bank - 2.40% (min $5K) account review
• Alliant Credit Union - 2.40% (min $25K) account review
• NewDominion Bank - 2.40% (min $3K) account review
• Acacia Federal Savings Bank - 2.40% (15 mo) (min $500) account review
• State Bank of India - 2.37% (min $5K) account review
• Amboy Direct - 2.35% Add-On (min $10K) account review
• Ascencia Bank - 2.34% (min $500), account review
• Crane FCU - 2.30% (13-mo) (min $500) account review
• Discover Bank - 2.30% (min $2.5K) account review ($50 bonus)
• BankUnited - 2.30% (min $5K) account review
• ISN Bank - 2.28% (min $1K) account review
• Hudson City Savings - 2.25% (min $5K) account review
• OneWest Bank/IndyMac - 2.25% (min $5K) account review
• UmbrellaBank - 2.25% (min $1K) account review
• Imperial Capital - 2.17% ($2K min), account review
• KeyDirect - 2.15% (11 mo) (min $5K), 2.40% w/chk, Not all states, account review
• La Jolla Bank - 2.10% (min $10K), account review
• Fifth Third - 2.10% (15 mo) (min $5K) not all states, account review
• Pacific Mercantile Bank - 2.02% (min $10K) account review
• HSBC Direct - 2.00% (min $10) account review
• Citibank - 2.00% (min $500)
• eBank - 2.00% (min $1K)
• Geauga Savings Bank - 1.85% (min $1K) account review
• Northwest FCU - 1.84% (min $500) add-on, account review
• State Farm Bank - 1.80% (min $500) account review
• UFB Direct - 1.70% (min $8K)
• Bank of America DOW - 1.65% (min $1K) account review
• Earthstar Bank - 1.60% (min $500) account review
• Bank of America - 1.55% (min $5K) rates vary by state, account review
• ING Direct - 1.50% account review

18-Month Certificates of Deposit:

• 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
• Pacific Mercantile Bank - 2.66% IRA-only (min $7.5K) account review
• OneWest Bank/Indymac - 2.60% (min $5K) account review
• Mutual Bank - 2.56% (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
• Discover Bank - 2.45% (min $2.5K), account review
• Alliant Credit Union - 2.40% (min $25K) account review
• Advanta Bank - 2.40% (min $10K), account review
• Ally/GMAC Bank - 2.40% (min $0) account review
• State Farm Bank - 2.30% (min $500) account review
• VirtualBank - 2.28% (min $10K), account review
• UmbrellaBank - 2.25% (min $1K), account review
• Dollar Savings Direct - 2.25% (16-mo) (min $1K) account review
• Consumers CU - 2.15% (16-mo) (min $250) (2.40% $100K+) account review
• eBank - 2.10% (min $1K)
• NorthEast Community Bank - 2.02% (min $500) account review
• Greystone Bank - 1.93% (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 - 2.87% (min $5K) account review
• Discover Bank - 2.80% (min $2.5K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• State Bank of India - 2.73% (min $5K) account review
• KeyDirect - 2.65% (28 mo) (min $5K), 2.90% w/chk, Not all states, account review
• Advanta Bank - 2.60% (min $10K), account review
• Alliant Credit Union - 2.55% (min $25K) account review
• Ally/GMAC Bank - 2.55% (min $0) account review
• Gateway Regional CU - 2.46% (min $1K) restrictions to membership, account review
• Flagstar - 2.40% (min $500), account review
• Consumers CU - 2.40% (22-mo) (min $250) (2.65% $100K+) account review
• EverBank - 2.35% ($1.5K min) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• Northwest FCU - 2.24% (min $500) add-on, account review
• Crane FCU - 2.22% (min $500) account review
• iGobanking - 2.12% (min $500), account review
• MetLife Bank - 2.10% (min $50K) account review
• eBank - 2.10% (min $1K)
• UFB Direct - 1.70% (min $8K)

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) account review
• Acacia Federal Savings Bank - 3.25% (min $500) account review
• Discover Bank - 3.15% (min $2.5K) account review
• State Bank of India - 3.14% (min $5K) account review
• Intervest - 3.10% (min $2.5K), account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Ally/GMAC Bank - 3.00% (min $0) 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
• Nationwide Bank - 2.70% (min $500) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• KeyDirect - 2.65% (min $5K), 2.90% w/chk, Not all states, account review
• Agriculture FCU - 2.65% (min $1K) account review
• Northrop Grumman FCU - 2.50% (min $40K), account review
• H&R Block Bank - 2.50% (min $250) account review
• eBank - 2.50% (min $1K)
• Bank of Internet - 2.25% (min $1K) account review
• UFB Direct - 1.70% (min $8K)

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) account review
• Gateway Regional CU - 3.31% (min $1K) restrictions to membership, account review
• Discover Bank - 3.30% (min $2.5K) account review
• Alliant Credit Union - 3.25% (min $25K) 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
• Ally/GMAC Bank - 3.00% (min $0) account review
• National Bank of KC - 3.00% (min $10K) account review
• KeyDirect - 2.90% (min $5K), 3.15% w/chk, Not all states, account review
• FNBO Direct - 2.75% (min $500) account review
• Flagstar - 2.74% (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
• Intervest - 3.66% (min $2.5K), account review
• State Bank of India - 3.65% (min $5K) account review
• Discover Bank - 3.65% (min $2.5K) account review
• Gateway Regional CU - 3.51% (min $1K) restrictions to membership, account review
• US Bank - 3.50% (59 mo) (min $1K) account review
• Connexus CU - 3.50% (min $1K) account review
• Ally/GMAC Bank - 3.50% (min $0) account review
• iGobanking - 3.50% (min $500), account review
• Northwest FCU - 3.44% (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
• Advanta Bank - 3.30% (min $10K), account review
• Nationwide Bank - 3.30% (min $500) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• Third Federal - 3.25% (min $500) account review
• Apple FCU - 3.20% (min $50K) account review
• Navy FCU - 3.20% ($20K min) (3.35% for $100K+) restrictions to membership, account review
• KeyDirect - 3.15% (min $5K), 3.40% w/chk, Not all states, account review
• Delta Community CU - 3.15% (min $1K) account review
• EverBank - 3.05% ($1.5K min) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Firstmark CU - 3.04% (min $50K) account review
• FNBO Direct - 3.01% (min $500) account review
• Mountain America CU - 3.00% (min $1K) account review
• Dollar Savings Direct - 3.00% (min $1K) account review
• Telcom Credit Union - 3.00% (min $500) account review
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• University FCU - 2.60% (min $2.5K), account review
• Patelco CU - 2.58% ($1K min), account review
• USA FCU - 2.53% (min $1K) account review
• WaMu/Chase - 2.50% (min $1K) account review
• 1st Source Bank - 2.20% (min $500) account review
• Western FCU - 2.18% (min $40K) account review
• UFB Direct - 1.70% (min $8K)

84-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Discover Bank - 3.75% (min $2.5K) account review
• Navy FCU - 3.75% ($20K min) restrictions to membership, account review
• Third Federal - 3.75% (6-yr) (min $500) 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 - 0.68% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.42% 7-day yield
• Vanguard Prime Money Market Fund - 0.40% 7-day yield
• TIAA-CREF Money Market Fund - 0.30% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.27% 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)