Bank Deals Weekly Summary for July 18, 2009

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

Friday was another busy day for the FDIC with four bank failures including Vineyard Bank and Temucula Valley Bank in California. The FDIC was able to find buyers for all four of these banks, and all regular deposits will be transferred even those above the FDIC limits. The only worry for depositors will be those who have CDs at the failed banks. The new banks may decide to lower the CD rates (see post).

Another Friday event that's becoming as common as FDIC closures is rate cuts at Ally Bank. Some of the rate cuts may be related to the pressure from ABA and the FDIC (see post), but I'm afraid Ally Bank isn't alone with rate cuts. Overall, savings account and CD rates continue to trend down.

Some banks have cut rates so much that their websites are becoming absurd. For example, Doral Bank Direct slashed their savings account rate from 1.60% to 1.00% APY. On their Learn More Page, they say "Watch your money grow with 1.00% APY." You're going to have watch for a long time to see your money grow with a 1% rate. Then there's this page from Zions Bank which they're advertising their 6-month internet CD with the line "We want to give your more!" If that's the case, can't we get more than 0.90% APY?

At least the savings account rates are much higher than money market fund yields. All of the money market fund yields that I list at the bottom are under 0.50%. PayPal's MMF now has a yield of only 0.08%.

Below is the list of rate changes this week with most of the changes being rate cuts.

Rate Hikes:

1. Salem Five Direct eOne Savings - 1.55% (new account)
2. UmbrellaBank MMA - 1.35% under $50K (was 1.15%)

Rate Drops:

1. ProvidentNJ Direct Savings - promo rate 2.50%, stnd rate 2.00% (was 2.75%, 2.25%)
2. Corus Bank MMA - 1.90% (was 2.00%)
3. Ally Bank Savings - 1.85% (was 1.95%)
4. Heartland Bank Direct Savings Account - 1.76% (was 2.01%)
5. Hudson City Internet Money Market Savings - 1.75% (was 1.85%)
6. Dollar Savings Direct Savings Account - 1.70% (was 2.00%)
7. Emigrant Direct Savings Account - 1.40% (was 1.55%)
8. Amegy Bank MMA - 1.35% (was 1.40%)
9. Citi Ultimate Savings Account - 1.30% (was 1.40%)
10. Doral Bank Direct Savings - 1% (was 1.60%)
11. Salem Five Direct eOne Checking - 0.75% to 0.85% (was 1.40% to 1.55%)

Certificate of Deposit Rates

CD rates of all maturities continued to trend down this week. CD investors will have to decide on the length of the CD term. There are definitely risks that interest rates will shoot up sometime in the near future. You'll regret a long-term CD if that happens. However, there's also the risk that interest rates continue to stay low. In that case, you'll regret those savings accounts and short-term CDs. One thing to keep in mind is that CDs don't completely lock up your money. You typically can make an early withdrawal with a penalty. If you have a 4% CD with a 6-month interest early withdrawal penalty, you'll still make 2% if you make an early withdrawal after one year. It may be hard to match 2% over the next year with savings accounts or short-term CDs.

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

Best Nationwide CD Deals as of 7/18/09: 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. 2.50% 3-mo savings account promo at 1st Constitution Direct (account review
3. 2.50% 3-mo savings account promo at ProvidentNJ Direct (account review)
4. 2.50% 4-mo CD at Danvers Bank (account review)
5. 2.51% 13-mo Limited Add-On CD at Choice Financial (account review)
6. 2.35% 12-mo Limited Add-On CD at Amboy Direct (account review)
7. 2.30% 12-mo & 2.40% 18-mo Flex CD with Liquid Features at Wilshire State Bank (account review)
8. 3.05% 24-mo CD at Broadway Federal Bank (account review)
9. 4.00% 50-mo CD at NASA FCU (account review)

Best Local CD Deals as of 7/18/09: 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. 2.50% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
2. 2.50% 7-mo CD & 3% 13-mo CD at Members First CU in NH/MA (account review)
3. 3.00% 9-mo CD at Bartow County Bank in GA (account review)
4. 2.25% 8-mo CD at Northfield Bank in NY & NJ (account review)
5. 3.05% 12-mo CD at Self Reliance New York FCU (account review)
6. 2.84% 12-mo CD at Fort Bragg FCU in NC (account review)
7. 2.75% 12-mo CD & 2.50% 9-mo CD at American Momentum Bank in TX & FL (account review)
8. 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
9. 3.10% 24-mo CD & 2.50% 6-mo CD at CoreFirst Bank at CO & KS (account review)
10. 3.00% 24-mo CD & 2.50% 12-mo CD at Signature Bank in NY (account review)
11. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
12. 4.00% 60-mo CD & 2.50% 24-mo CD at Citibank in FL & Some Other States (account review)
13. 4.00% 60-mo CD & 3.25% 24-mo & 2.75% 12-mo CD at Montauk CU in NY (account review)
14. 3.90% 60-mo CD at RBC Bank in Southeast US (account review)

Reward Checking Accounts

I reported on five new reward checking accounts this week with rates ranging from 2.50% to 5.15% APY (see below). The 5.15% one is at MBT Bank in Iowa. The 5.15% applies to balances up to $25K. The nice aspect of this reward checking account is that the rate is guaranteed to last through 5/15/2010. Unfortunately, it's a local deal that requires a branch visit. Thanks to info from a reader, I posted on a new nationwide reward checking account at First Community Bank N.A. in Texas. It pays 4.01% APY on balances up to $25K.

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

• Make Sure You Don't Get Ripped Off When Your CD Matures
• Four Banks Fail Including Vineyard Bank and Temucula Valley Bank in California
• FDIC getting tough and its impact to the $250K insurance limit
• Customers Sue Bank to Get Back CD Money Stolen by the Bank's Employee

Savings Accounts - National

• Salem Five Direct's Checking Account Update and Its New Online Savings Account

CD Deals - National

• 2.60% 24-Month CD at TriState Capital Direct - Available Nationwide
• 2.51% 13-Month CD with a Limited Add-On Feature at Choice Financial - Nationally Available

Checking/Savings Bonuses

• $215 Checking Account Bonus at HomeStreet Bank in WA, OR & HI - Local Only
• $50 Bonus for Amboy Direct's eSavings Account Continues - Nationally Available
• $100 Checking Account/Direct Deposit Bonus at Flagstar Bank
• First National Bank Omaha's Pay Yourself First Savings Promotion

Reward Checking Accounts

• 3.51% Reward Checking Account at Nodaway Valley Bank in Missouri - Local Only
• 4.01% Reward Checking Account at Wyoming National Bank - Local Only
• 4.01% Reward Checking Account at First Community Bank N.A. in Texas - Available Nationwide
• 2.50% Reward Checking Account Without a Balance Cap at Worthington Federal Bank in AL & NC - Local Only
• 5.15% Reward Checking Guaranteed to 5/15/10 at MBT Bank in Iowa - Local Only

CD and Money Market Deals - Local

• 2.25% 8-Month CD at Northfield Bank in NY & NJ - Local Only
• 2.50% 12-Month CD & 3.00% 24-Month CD at Consumer Credit Union in TN - Local Only
• 2.55% 18-Month CD & Other High CD Rates at HomeStreet Bank in WA & OR - Local Only
• 4.00% 60-Month CD & 2.50% 24-Month CD at Citibank in Some States
• 2.50% 18-Month CD at Worthington Federal Bank in Alabama - Local Only
• 2.55% 14-Month CD at East Boston Savings Bank - Local Only
• 2.55% 15-Month CD at First Commercial Bank of Florida - EXPIRED
• 2.45% 23-Month CD at NW Priority Credit Union in OR & WA - Local Only
• 3.00% 36-Month CD at SchoolsFirst FCU in California - 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 July 18, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• EverBank - 3.01% ($5K min), 3 mo promo rate up to $50K (1.85% stnd) account review
• SmartyPig - 2.75% (min $25) withdrawal restrictions, account review
• 1st Constitution Direct - 2.50% (min $100), 3 mo promo, 2.25% $10K+ stnd, account review
• Bank of Internet - 2.50% Advantage Savings (min $100) account review
• ProvidentNJ Direct - 2.50% (min $50), 3 mo promo, stnd: 2.00% $10K+, account review
• Tennessee Commerce Bank - 2.30% (min $250) withdrawal restrictions, account review
• Wilshire State Bank - 2.25%, chk required (min $500) account review
• Acacia Federal Savings Bank - 2.25% (guaranteed to 9/30/09) account review
• 1st Constitution Direct - 2.25% (min $10K) stnd rate, account review
• First Trade Union Bank - 2.06% ($2.5K min) account review
• Bank of Internet - 2.06% (min $100) account review
• Seacoast Commerce Bank - 2.05% (min $25K) account review
• Danversbank - 2.05% account review
• ShoreBank - 2.05%, account review
• ADB Bank - 2.05% account review
• Centennial Bank - 2.02% ($50K min), 2.28% ($100K min) account review
• UFB Direct - 2.01%, account review
• Discover Bank - 2.00% Savings (min $500) account review
• Union Federal Savings - 2.00% account review
• American Express Bank - 2.00%, account review
• CNB Bank Direct - 2.00% account review
• Delta Community CU - 2.00% MMA (min $25K) 2.25% $100K+, account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• Alliant Credit Union - 2.00% (min $100), account review
• Clear Sky Accounts - 1.95% account review
• United Central Bank - 1.95% MMA (min $5K) (2.15% $75K-$300K) account review
• iGObanking - 1.91%, account review
• Flagstar - 1.90% MMA, account review
• Savings Square - 1.90%, account review
• Nationwide Bank - 1.90% MMA (min $1K) account review
• Corus Bank - 1.90% MMA (min $10K) account review
• AIG Bank - 1.86% MMA (min $10K+) account review
• EverBank - 1.85% MMA ($1.5K min) account review
• Ally/GMAC Bank - 1.85% Savings account review
• CapitalOne/Costco - 1.80% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Newtown Savings Bank - 1.80%, account review
• Choice Financial - 1.76% (min $5K), (2.01% $25K+, 2.26% $100K) account review
• WTDirect - 1.76% ($10K min), (up to $150 bonus) account & bonus review
• Heartland Bank Direct - 1.76% ($500 min), account review
• Bank of American Fork - 1.75% (min $1K) account review
• FNCB Bank - 1.75% (min $100) account review
• Presidential Bank - 1.75% (min $5K, 1.25% over $35K), account review
• BankUnited - 1.75% (min $5K), account review
• Capital One - 1.75% (Savings) (min $10K) account review
• Bank Provident Online - 1.75% (min $10) account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• EBSB Direct - 1.75% (min $50K) account review
• Hudson City Savings - 1.75% (min $2.5K) account review
• Ally/GMAC Bank - 1.70% MMA account review
• grand yield direct - 1.70% (min $2.5K) account review
• Bank of Internet - 1.70% MMA (min $100) account review
• DollarSavingsDirect - 1.70% ($1K min) account review
• Intervest National Bank - 1.65% MMA (min $2.5K) 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)
• Salem Five Direct - 1.55% Savings, account review
• HSBC Direct - 1.55% account review
• State Farm Bank - 1.55% Checking (min $2.5K) account review
• TotalBank - 1.55% (min $1K) account review
• Zions Bank - 1.51% MMA, outside of Utah, (min $2.5K) account review
• OneUnited - 1.51% (min $1K), account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• FNBO Direct - 1.50%, account review
• Discover Bank - 1.50% MMA (min $2.5K) (1.75% for $25K+) account review
• UnivestDirect - 1.50%, (0.25% checking), account review
• Presidential Bank - 1.50% Checking (min $1K, 1% over $25K), requires direct deposit, account review
• Mutual Bank - 1.43% MMA (min $5K), account review
• Venture Bank Direct - 1.43%, account review
• Capital One - 1.40% MMA, account review
• BofA/Countrywide - 1.40% (min $10K) (1.50% for $50K+) account review
• ING Direct - 1.40%, (0.25% checking), post ($25 bonus)
• EmigrantDirect - 1.40%, account review
• UmbrellaBank - 1.35% MMA (min $1K) 1.50% ($50K+) account review
• Charles Schwab - 1.35% Savings, account review
• Amegy Bank - 1.35% (min $1K) account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• Citibank - 1.30% (Ultimate Savings) 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 2.00% $50K+, account review
• Imperial Capital - 1.20% MMA ($2.5K min) (1.43% for $100K+) account review
• iGObanking - 1.00% Checking, account review
• Doral Bank Direct - 1.00% (min $1K) account review
• ETrade Bank - 0.95%, account review
• VirtualBank - 0.80% (min $100), (1.51% $25K+, 1.71% $50K+) post ($20 bonus)
• Imperial Capital - 0.79% Checking (min $1K) account review
• Charles Schwab - 0.75% Checking, account review
• WaMu/Chase - 0.75% (requires checking), account review
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review

3-Month Certificates of Deposit:

• Danversbank - 2.50% (4 mo) (min $500) account review
• Wilshire State Bank - 1.86% (min $1K) account review
• TotalBank - 1.85% (min $1K) account review
• Southeast Financial FCU - 1.75% (min $500) account review
• Hudson City Savings - 1.50% (min $5K) account review
• FirstFedDirect - 1.45% (min $10K), account review
• eBank - 1.35% (min $1K)
• Imperial Capital - 1.35%, ($2K min), account review
• UFB Direct - 1.30% (min $8K)
• Ally/GMAC Bank - 1.10% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review

6-Month Certificates of Deposit:

• Christian Community CU - 2.50% (7-mo) (min $1K) not NCUA insured (ASI only) account review
• FirstFedDirect - 2.05% (min $10K), account review
• Consumers CU - 2.00% (7-mo) (min $250) (2.25% $100K+) account review
• Connexus CU - 2.00% (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Wilshire State Bank - 1.96% (min $1K) account review
• La Jolla Bank - 1.90% (min $10K), account review
• Ascencia Bank - 1.86% (min $500), account review
• TotalBank - 1.85% (min $1K) account review
• eBank - 1.75% (min $1K)
• Corus Bank - 1.75% (min $10K) account review
• Hudson City Savings - 1.75% (min $5K) account review
• Imperial Capital - 1.65% ($2K min), account review
• Ally/GMAC Bank - 1.60% (min $0) account review
• Excel National Bank - 1.50% (min $10K) account review
• UmbrellaBank - 1.50% (min $1K) account review
• AmTrustDirect - 1.40% (min $1K) account review
• Zions Bank - 0.90% (min $1K) account review

9-Month Certificates of Deposit:

• FirstFedDirect - 2.15% (min $10K) account review
• Acacia Federal Savings Bank - 2.00% (10-mo) (min $500) account review
• eBank - 2.00% (min $1K)
• Ally/GMAC Bank - 1.90% (min $0) No-Penalty, account review
• Navy FCU - 1.85% ($10K min) restrictions to membership, account review
• TotalBank - 1.85% (min $1K) account review
• Imperial Capital - 1.80% ($2K min), account review
• UmbrellaBank - 1.75% (min $1K) account review
• NewDominion Bank - 1.67% (min $3K) account review
• Ally/GMAC Bank - 1.60% (min $0) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• Bank of America - 1.00% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Melrose CU - 2.52% (min $5K) 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
• United Central Bank - 2.40% (min $1K) account review
• Amboy Direct - 2.35% Add-On (min $10K) account review
• Delta Community CU - 2.35% (min $1K) account review
• Wilshire State Bank - 2.30% (min $10K), liquid features, account review
• Southeast Financial FCU - 2.30% (min $500) account review
• Seacoast Commerce Bank - 2.28% (min $10K) account review
• NewDominion Bank - 2.26% (min $3K) account review
• Franklin Synergy Bank - 2.25% account review
• eBank - 2.20% (min $1K)
• State Bank of India - 2.17% (min $5K) account review
• Northpointe Bank - 2.15% (13-mo) (min $5K) account review
• Ascencia Bank - 2.15% (min $500), account review
• Alliant Credit Union - 2.15% (min $25K) account review
• Wilshire State Bank - 2.15% (min $1K) account review
• Acacia Federal Savings Bank - 2.15% (min $500) account review
• Discover Bank - 2.10% (min $2.5K) account review ($50 bonus)
• Ally/GMAC Bank - 2.05% (min $0) account review
• Crane FCU - 2.02% (min $500) account review
• AIG Bank - 2.01% (min $2.5K) account review
• HSBC Direct - 2.00% (min $10) account review
• Fifth Third - 2.00% (15 mo) (min $5K) not all states, account review
• Hudson City Savings - 2.00% (min $5K) account review
• La Jolla Bank - 2.00% (min $10K), account review
• Corus Bank - 2.00% (min $10K) account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• UmbrellaBank - 1.98% (min $1K) account review
• Mutual Bank - 1.96% (min $2.5K) account review
• Imperial Capital - 1.96% ($2K min), account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• BankUnited - 1.90% (min $5K) account review
• KeyDirect - 1.90% (15 mo) (min $5K), 2.15% w/chk, Not all states, account review
• Tennessee Commerce Bank - 1.90% (min $5K) account review
• TotalBank - 1.85% (min $1K) account review
• Geauga Savings Bank - 1.80% (min $1K) account review
• ISN Bank - 1.77% (min $1K) account review
• OneWest Bank/IndyMac - 1.75% (min $5K) liquid CD, account review
• UFB Direct - 1.70% (min $8K)
• Northwest FCU - 1.63% (min $500) add-on, account review
• Bank of America DOW - 1.60% (min $1K) account review
• State Farm Bank - 1.54% (min $500) account review
• Citibank - 1.50% (min $500)
• ING Direct - 1.50% account review
• Bank of America - 1.25% (min $5K) rates vary by state, account review

18-Month Certificates of Deposit:

• Pacific Mercantile Bank - 2.53% IRA-only (min $7.5K) account review
• Christian Community CU - 2.50% (min $1K) not NCUA insured (ASI only) account review
• Southeast Financial FCU - 2.50% (min $500) account review
• Wilshire State Bank - 2.40% (min $10K), liquid features, account review
• Navy FCU - 2.35% ($10K min) restrictions to membership, account review
• eBank - 2.30% (min $1K)
• NewDominion Bank - 2.26% (min $3K) account review
• Dollar Savings Direct - 2.25% (16-mo) (min $1K) account review
• Mutual Bank - 2.15% (min $2.5K) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• Consumers CU - 2.15% (16-mo) (min $250) (2.40% $100K+) account review
• Discover Bank - 2.15% (min $2.5K), account review
• AIG Bank - 2.11% (min $2.5K) account review
• UmbrellaBank - 2.10% (min $1K), account review
• Ally/GMAC Bank - 2.05% (min $0) account review
• NorthEast Community Bank - 2.02% (min $500) account review
• VirtualBank - 1.77% (min $10K), account review
• HSBC Direct - 1.60% (min $10) account review
• Advanta Bank - 0.95% (min $10K), account review

24-Month Certificates of Deposit:

• Broadway Federal Bank - 3.05% (min $1K) account review
• Melrose CU - 2.83% (min $5K) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• State Farm Bank - 2.75% (28-mo) (min $500) account review
• TriState Capital Direct - 2.60% (min $95K) account review
• Seacoast Commerce Bank - 2.58% (min $10K) account review
• BankUnited - 2.50% (min $5K) account review
• State Bank of India - 2.42% (min $5K) account review
• Consumers CU - 2.40% (22-mo) (min $250) (2.65% $100K+) account review
• Gateway Regional CU - 2.40% (min $1K) restrictions to membership, account review
• Bank of America DOW - 2.36% (min $1K) account review
• NewDominion Bank - 2.35% (min $3K) account review
• eBank - 2.35% (min $1K)
• OneWest Bank/IndyMac - 2.35% (min $5K) account review
• Crane FCU - 2.32% (25 mo) (min $500) account review
• AIG Bank - 2.31% (min $2.5K) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• WaMu/Chase - 2.25% (min $1K) account review
• EverBank - 2.25% ($1.5K min) account review
• Ally/GMAC Bank - 2.25% (min $0) account review
• Discover Bank - 2.25% (min $2.5K) account review
• American Express Bank - 2.25% (min $0) account review
• Tennessee Commerce Bank - 2.25% (min $5K) account review
• Flagstar - 2.20% (min $500), account review
• KeyDirect - 2.15% (28 mo) (min $5K), 2.40% w/chk, Not all states, account review
• iGobanking - 2.12% (min $500), account review
• Northwest FCU - 2.04% (min $500) add-on, account review
• UFB Direct - 1.70% (min $8K)
• MetLife Bank - 1.40% (min $50K) account review
• Advanta Bank - 1.10% (min $10K), account review

36-Month Certificate of Deposit:

• State Bank of India - 3.03% (min $5K) account review
• Melrose CU - 3.03% (min $5K) account review
• NewDominion Bank - 3.01% (min $3K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Intervest - 2.90% (min $2.5K), account review
• Pentagon Federal CU - 2.78% (min $1K), account review
• Alliant Credit Union - 2.75% (min $25K) account review
• American Express Bank - 2.75% (min $0) account review
• Gateway Regional CU - 2.75% (min $1K) restrictions to membership, account review
• Discover Bank - 2.75% (min $2.5K) account review
• Ally/GMAC Bank - 2.70% (min $0) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• AIG Bank - 2.66% (min $2.5K) account review
• Agriculture FCU - 2.60% (min $1K) account review
• Nationwide Bank - 2.55% (min $500) account review
• H&R Block Bank - 2.50% (min $250) account review
• eBank - 2.50% (min $1K)
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• KeyDirect - 2.40% (39-mo)(min $5K), 2.65% w/chk, Not all states, account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.18% (min $40K), account review
• UFB Direct - 1.70% (min $8K)
• Advanta Bank - 1.35% (min $10K), account review

48-Month Certificate of Deposit:

• NASA FCU - 4.00% (50-mo) (min $10K) account review
• Melrose CU - 3.49% (min $5K) account review
• Acacia Federal Savings Bank - 3.25% (min $500) account review
• Intervest - 3.20% (min $2.5K), account review
• Pentagon Federal CU - 3.14% (min $1K), account review
• Bank of America DOW - 3.11% (min $1K) account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Countrywide/BofA - 3.00% (min $10K), account review
• Third Federal - 3.00% (min $500) account review
• American Express Bank - 3.00% (min $0) account review
• Discover Bank - 3.00% (min $2.5K) account review
• Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
• National Bank of KC - 2.90% (min $10K) account review
• Nationwide Bank - 2.85% (min $500) account review
• Ally/GMAC Bank - 2.85% (min $0) account review
• FNBO Direct - 2.75% (min $500) account review
• Tennessee Commerce Bank - 2.75% (min $5K) account review
• KeyDirect - 2.65% (min $5K), 2.90% w/chk, Not all states, account review
• Flagstar - 2.55% (min $500), account review
• Advanta Bank - 1.60% (min $10K), account review

60-Month Certificate of Deposit:

• Melrose CU - 3.91% (min $5K) account review
• US Bank - 3.75% (59 mo) (min $1K) account review
• Acacia Federal Savings Bank - 3.65% (min $500) account review
• Apple FCU - 3.60% (min $50K) account review
• State Bank of India - 3.55% (min $5K) account review
• Pentagon Federal CU - 3.51% (min $1K), account review
• E-LOAN - 3.50% ($10K min) account review
• Connexus CU - 3.50% (min $1K) account review
• iGobanking - 3.50% (min $500), account review
• Agriculture FCU - 3.50% (min $1K), account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• Third Federal - 3.40% (min $500) account review
• Intervest - 3.40% (min $2.5K), account review
• Northwest FCU - 3.36% (min $25K) account review
• AIG Bank - 3.31% (min $2.5K) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Ally/GMAC Bank - 3.25% (min $0) account review
• American Express Bank - 3.25% (min $0) account review
• Discover Bank - 3.25% (min $2.5K) 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
• Nationwide Bank - 3.15% (min $500) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• EverBank - 3.03% ($1.5K min) account review
• FNBO Direct - 3.01% (min $500) account review
• Alliant Credit Union - 3.00% (min $25K) 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
• WaMu/Chase - 3.00% (min $1K) account review
• Delta Community CU - 3.00% (min $1K) account review
• OneWest Bank/IndyMac - 3.00% (min $5K) account review
• Mutual Bank - 2.97% (min $2.5K) 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
• Western FCU - 2.29% (min $40K) account review
• 1st Source Bank - 2.20% (min $500) account review
• Advanta Bank - 1.85% (min $10K), account review
• UFB Direct - 1.70% (min $8K)

84-Month Certificate of Deposit:

• Pentagon Federal CU - 4.00% (min $1K), account review
• Navy FCU - 3.75% ($20K min) restrictions to membership, account review
• Third Federal - 3.75% (6-yr) (min $500) account review
• Discover Bank - 3.50% (min $2.5K) account review
• Intervest - 3.43% (min $2.5K), account review
• KeyDirect - 3.15% (min $5K) 3.40% 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 - 1.50% (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

• GE Interest Plus - 2.30% rate for $50k+
• Fidelity Money Market Fund - 0.47% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.24% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.24% 7-day yield
• TIAA-CREF Money Market Fund - 0.21% 7-day yeild
• Paypal Money Market Fund - 0.08% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.04% 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)