Bank Deals Weekly Summary for August 1, 2009

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

Five more banks were closed yesterday by regulators. The largest failure was at Mutual Bank. Many of you might have CDs at Mutual Bank. For several years they've been offering competitive money market accounts and CDs nationwide. There should be no worry about losing any money. The FDIC arranged for United Central Bank to assume all deposits of Mutual Bank even those above the FDIC limits. However, there is a concern about losing the high rate of a Mutual Bank CD. United Central Bank has not yet decided about the interest rates of Mutual Bank accounts. It has the right to lower the CD rates. Customers will have the right to make a penalty-free early withdrawal. However, it'll be very unlikely that customers will be able to replace 5%+ Mutual Bank CDs with something comparable in today's environment.

The failure of Mutual Bank shows one reason it's important to consider the financial strength of a bank when you're shopping for CDs. Having your CD rate downsized can be painful. The FDIC often does not report on the rate cut decisions of the banks. There have been a few cases in which the FDIC will report at the time of the closure that the assuming bank will honor existing CD rates. However, in most cases the FDIC just states that the assuming bank will review rates and will notify customers. I have more details about this issue in yesterday's post. I also have a review of an article that reports on the CD rate downsizing at two recent California bank failures.

Savings Account Rates

There was a rare rate hike of a competitive savings account this week. ShoreBank raised its online savings account rate from 2.05% to 2.15% APY. But as I described in my post, this rate increase may have more to do with ShoreBank's worsening financial condition than a change in the interest rate environment. Nevertheless, if you keep under the FDIC limits, there is little to worry about for savings accounts. Unlike CDs, there's no worry about losing your rate lock.

Another bit of good news doesn't involve a rate hike but just the holding of a rate. Alliant Credit Union has finally decided not to reduce its savings account rate at the start of a new month. The savings account rate is holding at the very competitive rate of 2.00% APY for August. The savings account rate had been falling 25 basis points every month since April. For those looking for a savings account from a financially healthy institution with good customer service and that has a long history of competitive rates, Alliant Credit Union should be given consideration. To see the savings account rate history for the last three years, refer to my Alliant CU account review.

Below is the list of rate changes this week.

Rate Hikes:

1. ShoreBank Savings - 2.15% (was 2.05%)
2. UmbrellaBank MMA - 1.74% $50K+ (was 1.50%)

Rate Drops:

1. Bank of Internet Advantage Savings - 2.25% (was 2.50%)
2. Centennial Bank Savings - 1.01% to 2.02% (was 1.26% to 2.28%)
3. Union Federal Savings - 1.85% (was 2.00%)
4. Nationwide Bank MMA - 1.85% (was 1.90%)
5. OneWest/IndyMac Savings - 1.85% $50K+ (was 2.00%)
6. Bank of Internet Savings - 1.81% (was 2.06%)
7. AIG Bank MMA - 1.81% $10K+ (was 1.86%)
8. ADB Bank MMA - 1.80% (was 2.05%)
9. Corus Bank MMA - 1.79% (was 1.85%)
10. Ally Bank Savings - 1.75% (was 1.85%)
11. iGObanking Savings - 1.67% (was 1.81%)
12. Bank Provident Online Savings - 1.65% (was 1.75%)

Certificate of Deposit Rates

CD rates continued to trend lower overall. We lost the 4% 50-month CD July special at NASA FCU. They have a new August CD special, but it's a letdown compared to July with a 1.50% 9-month CD and a 2.00% APY 15-month CD.

There were a few bright spots with some small rate increases on mid-term maturities. Examples of this were seen at Discover Bank, MetLife Bank and UFB Direct. However, they still remain below the rate leaders even with these rate increases.

I added a few new banks to the CD lists below with top rates for terms of 12 months and longer. These include Equity Bank's 2.55% 18-month CD, Security Savings Bank's 2.47% 17-month CD and Citizens First's 3.15% 22-month CD. These are small banks which don't have the best financial health. So make sure you stay under the FDIC limits and consider the risk of losing your CD rate lock if the bank should happen to fail. I've contacted these banks and confirmed people from any state can apply. Note, it's common for small banks to change their policies on applications so be sure to call for the latest details. And also be sure to call for the latest rates since top rates haven't lasted long at any bank or credit union.

For those who want to avoid being stuck in a CD if rates start shooting up sometime in the future, a no-penalty CD is something to consider. Ally Bank still offers its 1.90% APY 9-month no-penalty CD. HSBC Direct's Online CDs have early withdrawal penalties, but according to HSBC Direct's website, the penalty is only 30 days of interest. Most of their CD rates are not competitive except the 12-month CD which currently has an APY of 2.00%. Let's say rates do shoot up 6 months from now, and you want to take that money from the 12-month HSBC Direct CD and move it to a higher-paying CD. You'll lose 30 days of interest. So after the penalty, you'll retain 5 out of 6 months of interest which results in a rate over those 6 months of about 1.67% APY. With savings account rates continuing to drop, you may make more money with this type of CD than a savings account (see account review).

A lesser known bank with CDs available nationwide is Wilshire State Bank which also offers no-penalty CDs. They currently have the best no-penalty CD deals with a 2.30% APY 12-month CD and a 2.40% APY 18-month CD. In addition to penalty-free early withdrawals, you're also allowed additional deposits. With this type of CD you get much of the liquidity of a savings account, and you also get the rate lock of a CD (see account review).

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

Best Nationwide CD Deals as of 8/01/09: 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% 12-mo CD at Connexus CU (account review)
5. 2.30% 12-mo & 2.40% 18-mo Flex CD with Liquid Features at Wilshire State Bank (account review)
6. 2.55% 18-mo CD at Equity Bank (account review)
7. 2.47% 17-mo CD at Security Savings Bank (account review)
8. 3.15% 22-mo CD at Citizens First (account review)
9. 2.75% 24-mo CD at Southeast Financial FCU (account review)
10. 3.91% 60-mo CD at Melrose CU (account review)
11. 3.50% 60-mo CD at iGObanking (account review)

Best Local CD Deals as of 8/01/09: 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. 5.00% 6-mo CD ($25K max) at Tyndall CU in Panhandle FL (account review)
2. 2.50% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
3. 2.50% 7-mo CD & 3% 13-mo CD at Members First CU in NH/MA (account review)
4. 2.25% 3mo to 12mo CD at CoreFirst Bank at CO & KS (account review)
5. 3.00% 9-mo CD at Bartow County Bank in GA (account review)
6. 3.05% 12-mo CD at Self Reliance New York FCU (account review)
7. 2.84% 12-mo CD at Fort Bragg FCU in NC (account review)
8. 2.53% 12-mo CD at American Plus Bank in Southern CA (account review)
9. 2.50% 13-mo CD at Umpqua Bank in WA, OR & N. CA (account review)
10. 3.75% 27-mo CD & 2.75% 15-mo CD at Enterprise Bank of SC (account review)
11. 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
12. 2.75% 24-mo CD & 3.50% 48-mo & 2.50% 18-mo CD at Montauk CU in NY (account review)
13. 2.85% 25-mo CD at First National Bank in TX (account review)
14. 3.25% 42-mo CD at Regions Bank in Several States (account review)
15. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
16. 3.75% 60-mo CD at Fidelity Bank of Florida (account review)

Reward Checking Accounts

I reported on two new reward checking accounts this week with rates of 4.01% APY and 5.01% APY. Both are local deals.

I just learned this week that one bank that I first reported on in 2008 is now offering their 4.50% reward checking account nationwide. In addition, they're guaranteeing the 4.50% APY until May 2010. The 4.50% APY applies to balances up to $25K if the typical reward checking requirements are met (see post). With such a hot deal, I would be surprised if this lasts more than a month. It doesn't take long before small banks get so many deposits that they'll either lower the rates for new customers or reduce availability to their local area. To find other reward checking accounts with rate guarantees refer to this post.

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

• Five Banks Close Including Mutual Bank - 69 Bank Failures So Far This Year
• Review of Market-Indexed CDs
• Useful IRA CD Feature at Pentagon Federal Credit Union
• Those 5% WaMu CDs Are Nearing Maturity - Issues to Consider

Savings Accounts - National

• ShoreBank Direct Online Savings Account Rate Increased to 2.15%

CD Deals - National

• 2.25% 11-Month CD at First National Community Bank - YMMV
• 2.47% 17-Month CD at Security Savings Bank in Kansas - Available Nationwide
• 2.25% 12-Month CD & 2.70% 24-Month CD at Equity Bank in Dallas - Available Nationwide
• Discover Bank's CD Promotion for Discover Credit Card Customers
• 2.40% 12-Month CD & 2.80% 24-Month CD at Frontier Bank in WA & OR - Available Nationwide
• E-LOAN's CD Rates and Warnings About CD Maturity
• 2.60% 24-Month CD at Kaiser Federal Bank in California - RATE DROP
• 2.75% 25-Month CD at Crane Federal Credit Union in Indiana - Available Nationwide
• 3.15% 22-Month CD at Citizens First Bank in Michigan - Available Nationwide

Reward Checking Accounts

• 5.01% Reward Checking Account at First National Bank of Pontotoc in MS - Local Only
• Update on Rate Guarantees and Availability of Reward Checking Accounts
• 4.01% Reward Checking Account at Brenham National Bank in Texas - Local Only

CD and Money Market Deals - Local

• 2.53% 12-Month CD & 2.78% 24-Month CD at American Plus Bank N.A. in California - Local Only
• 2.25% 10-Month CD at American Heritage FCU in Philadelphia - Local Only
• 2.75% 15-Month CD & 3.75% 27-Month CD at Enterprise Bank of South Carolina - Local Only
• 2.05% 7-Month CD at MidCoast Community Bank in Delaware - Local Only
• 2.85% 25-Month CD at First National Bank in Texas - Local Only
• 2.78% 24-Month CD & 3.05% 36-Month CD at Orange Bank of Florida - Local Only
• 3.25% 37-Month CD at Florida Bank - Local Only
• 2.11% Money Market Account Indexed to the Prime Rate at Signature Bank of Georgia - Local Only
• 2.28% 12-Month CD and 1.81% Money Market Account at Gold Canyon Bank in Arizona - Local Only
• 2.01% Short-Term CDs at Stearns Bank in AZ & MN - Local Only
• Competitive CD Rates at State Bank of India's U.S. Subsidiaries
• 3.25% 42-Month CD at Regions Bank in Several States

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 August 1, 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
• ProvidentNJ Direct - 2.50% (min $50), 3 mo promo (2.00% $10K+ stnd) account review
• Tennessee Commerce Bank - 2.30% (min $250) withdrawal restrictions, account review
• SFGI Direct - 2.25% ($25 min) 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
• Bank of Internet - 2.25% Advantage Savings (min $100) account review
• ShoreBank - 2.15%, account review
• First Trade Union Bank - 2.06% ($2.5K min) account review
• Seacoast Commerce Bank - 2.05% (min $25K) account review
• Peoples Bank - 2.02% ($500 min) account review
• UFB Direct - 2.01%, account review
• Solera National Bank - 2.00% Checking ($20K min) (2.50% $100K+, 3% $250K+) Also has a savings account, account review
• Discover Bank - 2.00% Savings (min $500) 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
• Savings Square - 1.90%, account review
• Capital One/Costco - 1.85% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• American Express Bank - 1.85%, account review
• Nationwide Bank - 1.85% MMA (min $1K) account review
• Union Federal Savings - 1.85% account review
• AIG Bank - 1.81% MMA (min $10K+) account review
• Bank of Internet - 1.81% (min $100) account review
• Flagstar - 1.80% MMA, account review
• CapitalOne/Costco - 1.80% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Newtown Savings Bank - 1.80%, account review
• ADB Bank - 1.80% account review
• Corus Bank - 1.79% MMA (min $10K) account review
• Centennial Bank - 1.77% ($50K min), 2.02% ($100K min) 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
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• Hudson City Savings - 1.75% (min $2.5K) account review
• Ally/GMAC Bank - 1.75% Savings 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
• iGObanking - 1.67%, account review
• Danversbank - 1.65% account review
• Intervest National Bank - 1.65% MMA (min $2.5K) account review
• Bank Provident Online - 1.65% (min $10) account review
• EBSB Direct - 1.55% (min $50K) account review
• 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
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• AmboyDirect - 1.51% (Premium Savings) post ($25 bonus)
• Bank of America NEA - 1.50% MMA ($500 min) (1.55% for $50K+) account review
• CapitalOne/Costco - 1.50% MMA (min $1K, Costco members only, $60 deal for exec. members)
• FNBO Direct - 1.50%, account review
• Presidential Bank - 1.50% Checking (min $1K, 1% over $25K), requires direct deposit, account review
• Zions Bank - 1.46% MMA, outside of Utah, (min $2.5K) account review
• Venture Bank Direct - 1.43%, 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
• Mutual Bank (now part of United Central Bank) - 1.37% MMA (min $5K), account review
• UmbrellaBank - 1.35% MMA (min $1K) 1.74% ($50K+) account review
• Charles Schwab - 1.35% Savings, account review
• Amegy Bank - 1.35% (min $1K) account review
• Discover Bank - 1.30% MMA (min $2.5K) (1.60% $25K-$50K, 1.70% $50K-$100K) account review
• Capital One - 1.30% MMA, account review
• Bank of Internet - 1.30% Checking (min $5K) account review
• Citibank - 1.30% (Ultimate Savings) account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• OneWest Bank/Indymac - 1.25% (min $10K) tiered rates up to 1.85% $50K+, account review
• Imperial Capital - 1.17% MMA ($2.5K min) (1.37% for $100K+) account review
• OneUnited - 1.01% (min $1K), account review
• AmTrustDirect - 1.00% ($500 min) NEW e-Money Market (1.75% $10K+) 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
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review

3-Month Certificates of Deposit:

• Danversbank - 2.00% (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
• UFB Direct - 1.55% (min $8K)
• Consumers CU - 1.55% (min $500) account review
• FirstFedDirect - 1.45% (min $10K), account review
• eBank - 1.35% (min $1K)
• Imperial Capital - 1.33%, ($2K min), account review
• Hudson City Savings - 1.25% (min $5K) account review
• Ally/GMAC Bank - 1.10% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review

6-Month Certificates of Deposit:

• 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
• TotalBank - 1.85% (min $1K) account review
• La Jolla Bank - 1.80% (min $10K), account review
• Ascencia Bank - 1.76% (min $500), account review
• eBank - 1.75% (min $1K)
• FirstFedDirect - 1.75% (min $10K), account review
• Ally/GMAC Bank - 1.60% (min $0) account review
• Imperial Capital - 1.60% ($2K min), account review
• Corus Bank - 1.60% (min $10K) account review
• Hudson City Savings - 1.50% (min $5K) account review
• Excel National Bank - 1.50% (min $10K) account review
• UmbrellaBank - 1.50% (min $1K) account review
• AmTrustDirect - 1.15% (min $1K) account review
• Zions Bank - 0.90% (min $1K) account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) 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 - 1.76% ($2K min), account review
• FirstFedDirect - 1.75% (min $10K) account review
• NewDominion Bank - 1.67% (min $3K) account review
• UmbrellaBank - 1.60% (min $1K) account review
• Ally/GMAC Bank - 1.55% (min $0) account review
• NASA FCU - 1.50% (min $5K) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• Bank of America - 0.95% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Connexus CU - 2.50% (min $500) account review
• Frontier Bank - 2.40% (min $50K) 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
• Melrose CU - 2.27% (min $5K) account review
• United Central Bank - 2.25% (min $1K) account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Equity Bank - 2.25% (min $1K) account review
• Choice Financial - 2.21% (13 mo) (min $5K) add-on feature, account review
• eBank - 2.20% (min $1K)
• Alliant Credit Union - 2.15% (min $25K) account review
• Wilshire State Bank - 2.15% (min $1K) account review
• ISN Bank - 2.12% (min $1K) account review
• Beacon Federal - 2.10% (15 mo) (min $2.5K) account review
• Northpointe Bank - 2.10% (13-mo) (min $5K) account review
• Acacia Federal Savings Bank - 2.10% (min $500) account review
• State Bank of India - 2.07% (min $5K) account review
• NewDominion Bank - 2.05% (min $3K) account review
• Crane FCU - 2.02% (min $500) account review
• Franklin Synergy Bank - 2.01% account review
• UFB Direct - 2.00% (min $8K)
• Amboy Direct - 2.00% Add-On (min $10K) account review
• Ascencia Bank - 2.00% (min $500), account review
• Discover Bank - 2.00% (min $2.5K) account review
• Ally/GMAC Bank - 2.00% (min $0) account review
• HSBC Direct - 2.00% (min $10) account review
• Corus Bank - 2.00% (min $10K) account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• UmbrellaBank - 2.00% (min $1K) account review
• NASA FCU - 2.00% (15 mo) (min $5K) account review
• Seacoast Commerce Bank - 1.98% (min $10K) account review
• AIG Bank - 1.96% (min $2.5K) account review
• Imperial Capital - 1.92% ($2K min), account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• BankUnited - 1.90% (min $5K) account review
• Tennessee Commerce Bank - 1.90% (min $5K) account review
• Hudson City Savings - 1.85% (min $5K) account review
• TotalBank - 1.85% (min $1K) account review
• La Jolla Bank - 1.85% (min $10K), account review
• Geauga Savings Bank - 1.75% (min $1K) account review
• Fifth Third - 1.75% (15 mo) (min $5K) not all states, account review
• Northwest FCU - 1.65% (min $500) add-on, account review
• KeyDirect - 1.65% (15 mo) (min $5K), 1.90% w/chk, Not all states, account review
• OneWest Bank/IndyMac - 1.55% (min $5K) liquid CD, account review
• Bank of America DOW - 1.55% (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 - 1.45% (min $5K) rates vary by state, account review

18-Month Certificates of Deposit:

• Equity Bank - 2.55% (min $1K) account review
• Pacific Mercantile Bank - 2.53% IRA-only (min $7.5K) account review
• Southeast Financial FCU - 2.50% (min $500) account review
• Security Savings Bank - 2.47% (17 mo) (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)
• Citibank - 2.25% (min $500)
• Discover Bank - 2.25% (min $2.5K), account review
• Dollar Savings Direct - 2.25% (16-mo) (min $1K) account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• Consumers CU - 2.15% (16-mo) (min $250) (2.40% $100K+) account review
• NewDominion Bank - 2.09% (min $3K) account review
• AIG Bank - 2.06% (min $2.5K) account review
• UmbrellaBank - 2.05% (min $1K), account review
• NorthEast Community Bank - 2.02% (min $500) account review
• Ally/GMAC Bank - 2.00% (min $0) 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:

• Citizens First - 3.15% (22 mo) (min $1K) account review
• Frontier Bank - 2.80% (min $50K) account review
• Crane FCU - 2.78% (25 mo) (min $500) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Equity Bank - 2.70% (min $1K) account review
• Broadway Federal Bank - 2.53% (min $1K) account review
• ISN Bank - 2.53% (min $1K) account review
• Melrose CU - 2.52% (min $5K) account review
• BankUnited - 2.50% (min $5K) account review
• E-LOAN - 2.47% ($10K min) 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)
• EverBank - 2.35% ($1.5K min) account review
• TriState Capital Direct - 2.35% (min $95K) account review
• OneWest Bank/IndyMac - 2.30% (min $5K) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• Seacoast Commerce Bank - 2.28% (min $10K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• MetLife Bank - 2.25% (min $25K) 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
• Beacon Federal - 2.25% (min $2.5K) account review
• AIG Bank - 2.21% (min $2.5K) account review
• Northwest FCU - 2.20% (min $500) add-on, account review
• Tennessee Commerce Bank - 2.20% (min $5K) account review
• iGobanking - 2.12% (min $500), account review
• UFB Direct - 2.00% (min $8K)
• State Farm Bank - 1.77% (min $500) account review
• Flagstar - 1.25% (min $500), account review
• KeyDirect - 1.15% (min $5K), 1.40% w/chk, Not all states, account review
• Advanta Bank - 1.10% (min $10K), account review

36-Month Certificate of Deposit:

• Frontier Bank - 3.05% (min $50K) account review
• Melrose CU - 3.03% (min $5K) account review
• Equity Bank - 3.00% (min $1K) account review
• Acacia Federal Savings Bank - 2.95% (min $500) account review
• Intervest - 2.90% (min $2.5K), account review
• Pentagon Federal CU - 2.78% (min $1K), account review
• State Bank of India - 2.78% (min $5K) account review
• NewDominion Bank - 2.76% (min $3K) 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 - 2.45% (min $5K) account review
• Northrop Grumman FCU - 2.26% (min $40K), account review
• Bank of Internet - 2.25% (min $1K) account review
• KeyDirect - 2.15% (39-mo)(min $5K), 2.40% w/chk, Not all states, account review
• UFB Direct - 2.00% (min $8K)
• Advanta Bank - 1.35% (min $10K), account review

48-Month Certificate of Deposit:

• Melrose CU - 3.39% (min $5K) account review
• Frontier Bank - 3.25% (min $50K) account review
• Intervest - 3.20% (min $2.5K), account review
• Acacia Federal Savings Bank - 3.20% (min $500) account review
• Equity Bank - 3.20% (min $1K) 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
• Discover Bank - 3.00% (min $2.5K) account review
• Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
• American Express Bank - 2.90% (min $0) 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
• Tennessee Commerce Bank - 2.70% (min $5K) account review
• KeyDirect - 2.40% (min $5K), 2.65% w/chk, Not all states, account review
• Flagstar - 2.30% (min $500), account review
• FNBO Direct - 2.25% (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
• Apple FCU - 3.70% (min $50K) account review
• Northwest FCU - 3.63% (min $25K) account review
• Acacia Federal Savings Bank - 3.60% (min $500) account review
• Pentagon Federal CU - 3.51% (min $1K), account review
• US Bank - 3.50% (59 mo) (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
• Frontier Bank - 3.50% (min $50K) account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• State Bank of India - 3.44% (min $5K) account review
• Equity Bank - 3.40% (min $1K) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• Third Federal - 3.25% (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
• AIG Bank - 3.16% (min $2.5K) 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
• Alliant Credit Union - 3.00% (min $25K) account review
• Mountain America CU - 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
• Delta Community CU - 3.00% (min $1K) account review
• OneWest Bank/IndyMac - 3.00% (min $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
• FNBO Direct - 2.51% (min $500) account review
• Dollar Savings Direct - 2.50% (min $1K) account review
• KeyDirect - 2.40% (min $5K), 2.65% w/chk, Not all states, account review
• Western FCU - 2.27% (min $40K) account review
• 1st Source Bank - 2.10% (min $500) account review
• UFB Direct - 2.00% (min $8K)
• Advanta Bank - 1.85% (min $10K), account review

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 - 3.50% (6-yr) (min $500) account review
• Discover Bank - 3.50% (min $2.5K) account review
• Intervest - 3.29% (min $2.5K), account review
• KeyDirect - 2.15% (min $5K) 2.40% 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

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
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• Indiana deals and CD rates
• Iowa deals and CD rates
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• Maine deals and CD rates
• Maryland deals and CD rates
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• Michigan deals and CD rates
• Minnesota deals and CD rates
• Mississippi deals and CD rates
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• Nebraska deals and CD rates
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• New Hampshire deals and CD rates
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• 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 - 0.39% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.32% 7-day yield
• Vanguard Prime Money Market Fund - 0.23% 7-day yield
• TIAA-CREF Money Market Fund - 0.19% 7-day yeild
• Fidelity Municipal Money Market Fund - 0.11% 7-day yield
• Paypal Money Market Fund - 0.06% 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)