Bank Deals Weekly Summary for August 15, 2009

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

The largest bank failure of 2009 occurred yesterday when Colonial Bank was closed by regulators and sold to BB&T. All deposits were assumed by BB&T, even deposits over the FDIC limit. No depositors will lose any money. The main concern for depositors will be those with CDs. According to the FDIC, BB&T hasn't yet decided if it'll honor Colonial Bank CD rates to maturity.

There were also four other bank failures yesterday. After Colonial, the largest failure was Community Bank of Nevada which had assets of $1.52 billion. The FDIC wasn't able to find a buyer so it's shutting down the bank. The FDIC will mail checks for the insured funds (principal and accrued interest up to August 14th) of CDs and IRAs. The FDIC will keep the bank operation running for 30 days to give customers with checking and savings accounts time to switch banks. Depositors who had over the FDIC limit will lose their uninsured money. Fortunately, the vast majority of depositors had under the limit. According to the FDIC, only $4.2 million out of $1.38 billion in deposits may be uninsured.

Economic news this week indicated that it's unlikely this low interest rate environment will be ending any time soon. In the FOMC meeting this week, the Fed kept the federal funds rate near zero and repeated the statement that it "continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period." In addition, it expressed little worry about inflation: "substantial resource slack is likely to dampen cost pressures, and the Committee expects that inflation will remain subdued for some time."

On Friday the government announced July's CPI, and it showed no inflation for July. The longer inflation remains subdued (as measured by the CPI), the longer the Fed will wait before hiking rates. According to this Bloomberg article the housing slump and its effect on rent was a major factor in holding down inflation, and it's anticipated this will last for some time. One economist interviewed in the article predicted that "the Fed keeps the spigot wide open at least through the middle of next year and maybe into 2011."

Savings Account Rates

Like the economics, the continued falling savings account rates point to a low interest rate environment that will last for a while. Several of the top rate leaders cut rates. SmartyPig announced that on Monday it'll reduce its savings account rate from 2.75% to 2.01% APY. SmartyPig had been a leader for a non-promo rate for several months. Rate cuts weren't the only disappointment this week. SFGI Direct stopped taking new applications this week. This is a new online bank that recently launched a 2.25% savings account. Apparently, they were overwhelmed by deposits, and they decided to temporarily stop accepting new applications.

If you're getting tired of rate chasing, you may want to review my short list of top savings accounts. Most of these have a history of maintaining competitive rates. However, just a week after I posted this list, one of the banks on the list, 1st Constitution Direct, cut it savings account rate.

Below is the list of rate changes this week.

Rate Hikes:

1. American Express Bank Savings - 1.85% (was 1.75%)

Rate Drops:

1. 1st Constitution Direct Savings - 3mo promo 2.05%, stnd 1.95% (was 2.30%, 2.25%)
2. SmartyPig Savings - 2.01% starting 8/17 (was 2.75%)
3. Wilshire State Bank e-Link Savings - 2.00% (was 2.25%)
4. Provident NJ Direct Savings - 3mo promo 2%, stnd rate 1.50% (was 2.50%, 2.00%)
5. Nationwide MMA - 1.80% (was 1.85%)
6. Union Federal Savings - 1.75% (was 1.80%)
7. AIG Bank MMA - 1.71% $10K+ (was 1.81%)
8. Bank Provident Online Savings - 1.55% (was 1.65%)
9. Discover Bank MMA - 1.55% $25K-$50K (was 1.60%)
10. Seacoast Commerce Bank Savings - 1.50% (was 2.05%)
11. HSBC Direct Online Savings - 1.45% (was 1.55%)
12. Citibank Ultimate Savings - 1.25% (was 1.30%)
13. AmTrustDirect e-MM - 1.00% $10K+ (was 1.50%)

Certificate of Deposit Rates

Even though CD rates overall trended down this week, there were a few minor bright spots. Small rate hikes occurred on mid-term CDs at Ally Bank, Discover Bank, OneWest Bank and Tennessee Commerce Bank.

I came across Golf Savings Bank this week that just recently launched an online application that allows people in any state to apply. The bank is offering a few very competitive CDs including a 2.30% APY 12-month CD and a 3.50% APY 4-year CD. The best CD deal continues to be available at Wilshire State Bank which is still offering two very competitive liquid CDs [Update: see comment]

Links to reviews of the above CD deals along with other nationwide CD deals are listed below.

Best Nationwide CD Deals as of 8/15/09: Also listed are savings account promos 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. 2.05% 3-mo savings account promo at 1st Constitution Direct (account review)
3. 2.25% 7-mo CD $100K min at Consumers CU (account review)
4. 2.35% 12-mo CD at Delta Community CU (account review)
5. [Update: see comment] 2.30% 12-mo & 2.40% 18-mo Flex CD with Liquid Features at Wilshire State Bank (account review)
6. 2.25% 12-mo CD at United Central Bank (account review)
7. 2.78% 25-mo CD at Crane FCU (account review)
8. 2.75% 24-mo CD at Southeast Financial FCU (account review)
9. 3.50% 48-mo CD & 2.30% 12-mo CD at Golf Savings Bank (account review)
10. 3.91% 60-mo CD at Melrose CU (account review)
11. 3.75% 60-mo CD & 2.36% 24-mo Add-On CD at Northwest FCU (account review)
12. 3.50% 60-mo CD at iGObanking (account review)

Best Local CD Deals as of 8/15/09: 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% Savings Account until 2010 at Minnwest Bank in MN & SD (account review)
2. 5.00% 6-mo CD ($25K max) at Tyndall CU in Panhandle FL (account review)
3. 2.50% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
4. 2.50% 7-mo CD & 2.60% 11-mo CD at Fort Knox FCU in KY (account review)
5. 3.00% 15-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. 3.00% 12-mo & 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
8. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
9. 2.50% 12-mo CD at Valley National Bank in NY (account review)
10. 2.50% 15-mo CD at Second Federal Savings in Chicago (account review)
11. 2.27% 12-mo CD at American Plus Bank in Southern CA (account review)
12. 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
13. 3.00% 24-mo CD at Texas Security Bank in TX (account review)
14. 2.75% 24-mo CD & 3.50% 48-mo & 2.50% 18-mo CD at Montauk CU in NY (account review)
15. 4.00% 36-mo CD & 2.75% 18-mo CD at Darby Direct in GA (account review)
16. 3.25% 42-mo CD at Regions Bank in Several States (account review)
17. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
18. 3.75% 60-mo CD at Fidelity Bank of Florida (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with rates from 4.00% APY to 5.01% APY. All four are local deals.

Reward checking accounts are becoming more popular. The bad news is that there are so many new customers and deposits, banks continue to restrict availability. The latest one is First Arkansas Bank & Trust which had been offering a nationally available reward checking account with a 4.44% APY for balances up to $50K since early last year. That ended last week when the bank restricted new accounts to only Arkansas residents.

Even with rate cuts and reduced availability, reward checking accounts overall continue to offer rates significantly higher than online savings account rates. The higher rates come with a price. There are hassles of debit card usage requirements and other monthly requirements along with a cap on the balance that will qualify for the high rate. Nevertheless, it gives depositors a way to more interest on their money without having to lock it into a CD.

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

• Colonial Bank Closed by Regulators - Largest Bank Failure in 2009 and 6th Largest in US History
• FOMC Meeting - Rates Stay Near Zero

Savings Accounts - National

• SmartyPig Savings Account Rate Scheduled to Drop from 2.75% to 2.01%
• Flooded by Deposits, Banks Restricting Applications - FAB&T and SFGI Direct
• Update on Clear Sky Account's Competitive Savings and Checking Accounts - Available Nationwide

CD Deals - National

• Downsizing of Mutual Bank CD Rates
• Competitive Savings Accounts and CDs at Golf Savings Bank - Available Nationwide
• 2.75% 32-Month CD at Wachovia on the East Coast and Other Wachovia/Wells Fargo Deals
• Wilshire State Bank's Flex CDs - Available Nationwide

Checking/Savings Bonuses

• $100 Checking Account Bonus and an Online Savings Account at Bank of the West
• $150 Checking and Savings Account Bonus at Independence Bank in California - Local Only
• Up to $100 New Account Bonus at National Bank of Kansas City - Local Only
• $100 Checking Account Bonus at Elevations Credit Union in Colorado - Local Only

Reward Checking Accounts

• 5.01% Reward Checking Account at United Bank in Arkansas - Local Only
• 4.00% Reward Checking Account at Union Center National Bank in New Jersey - Local Only
• 4.01% Reward Checking Account at Sooper Credit Union in Colorado - Local Only
• 4.00% Reward Checking Account at Legacy Community FCU in Alabama - Local Only

CD and Money Market Deals - Local

• 4.00% 36-Month CD & 2.75% 18-Month CD at Darby Direct - Georgia Only
• 2.40% 12-Month CD at Cecil Bank in Maryland - Local Only
• 2.50% 7-Month CD & 2.60% 11-Month CD at Fort Knox Federal Credit Union in Kentucky - Local Only
• 2.25% 12-Month CD at Bank USA in Arizona - Local Only
• 2.43% 12-Month CD & Other Competitive CD Rates at Qualtrust Credit Union in Texas - Local Only
• 2.75% 11-Month CD at Idaho Central Credit Union - Local Only
• 2.50% 12-Month CD & 2.25% 6-Month CD at Valley National Bank at a NY Branch - Local Only
• 2.00% Checking Account with Rate Guaranteed for One Year at Flagstar Bank - EXPIRED
• 2.00% Money Market Account with Rate Guaranteed until 2010 at Bank of America for NEA Members - EXPIRED
• 2.50% Savings Account with Rate Guaranteed Until 2010 at Minnwest Bank in MN & SD - Local Only
• 2.50% 2-Year CD & 3.25% 4-Year CD at Pinnacle Bank in Florida - Local Only
• 2.40 18-Month CD at Asian Bank in Philadelphia - Local Only
• 2.50% 15-Month CD at Second Federal Savings in Chicago - Local Only
• 2.02% 5-Month CD & 2.12% 13-Month CD at Stillwater National Bank in OK - 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 August 15, 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 (1.75% stnd) account review
• Tennessee Commerce Bank - 2.30% (min $250) withdrawal restrictions, account review
• SFGI Direct - 2.25% temporarily not accepting new customers ($25 min) account review
• ShoreBank - 2.15%, account review
• 1st Constitution Direct - 2.05% (min $100), 3 mo promo (1.95% $10K+ stnd) account review
• Bank of Internet - 2.02% Advantage Savings (min $100) account review
• Peoples Bank - 2.02% ($500 min) account review
• SmartyPig - 2.01% rate starts 8/17 (min $25) withdrawal restrictions, 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
• UFB Direct - 2.00%, account review
• Wilshire State Bank - 2.00%, chk required (min $500) account review
• ProvidentNJ Direct - 2.00% (min $50), 3 mo promo (1.50% $10K+ stnd) account review
• United Central Bank - 1.95% MMA (min $5K) (2.15% $75K-$300K) account review
• American Express Bank - 1.85%, account review
• Clear Sky Accounts - 1.85% account review
• Capital One/Costco - 1.85% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• Flagstar - 1.81% MMA, account review
• First Trade Union Bank - 1.80% ($2.5K min) account review
• Newtown Savings Bank - 1.80%, account review
• ADB Bank - 1.80% account review
• Nationwide Bank - 1.80% MMA (min $1K) account review
• Centennial Bank - 1.77% ($50K min), 2.02% ($100K min) account review
• WTDirect - 1.76% ($10K min), account review
• Heartland Bank Direct - 1.76% ($500 min), account review
• Bank of Internet - 1.75% (min $100) account review
• Corus Bank - 1.75% MMA (min $10K) 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
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• Hudson City Savings - 1.75% (min $2.5K) account review
• Union Federal Savings - 1.75% account review
• AIG Bank - 1.71% MMA (min $10K+) account review
• Savings Square - 1.70%, account review
• Ally/GMAC Bank - 1.70% Savings account review
• Bank of Internet - 1.70% MMA (min $100) account review
• DollarSavingsDirect - 1.70% ($1K min) account review
• iGObanking - 1.67%, account review
• CapitalOne/Costco - 1.65% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Ally/GMAC Bank - 1.65% MMA account review
• Danversbank - 1.65% account review
• Intervest National Bank - 1.65% MMA (min $2.5K) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• grand yield direct - 1.60% (min $2.5K) account review
• EBSB Direct - 1.55% (min $50K) account review
• Salem Five Direct - 1.55% Savings, account review
• State Farm Bank - 1.55% Checking (min $2.5K) account review
• TotalBank - 1.55% (min $1K) account review
• Bank Provident Online - 1.55% (min $10) account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 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
• Seacoast Commerce Bank - 1.50% (min $25K) account review
• Zions Bank - 1.46% MMA, outside of Utah, (min $2.5K) account review
• HSBC Direct - 1.45% account review
• Venture Bank Direct - 1.43%, account review
• ING Direct - 1.40%, (0.25% checking), post ($25 bonus)
• EmigrantDirect - 1.40%, 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) (1.55% $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
• 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
• Citibank - 1.25% (Ultimate Savings) account review
• Imperial Capital - 1.17% MMA ($2.5K min) (1.38% for $100K+) account review
• OneUnited - 1.01% (min $1K), account review
• iGObanking - 1.00% Checking, account review
• ETrade Bank - 0.80%, 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
• Doral Bank Direct - 0.50% (min $1K) account review
• AmTrustDirect - 0.50% ($500 min) NEW e-Money Market (1.00% $10K+) 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 - 1.31%, ($2K min), account review
• Ally/GMAC Bank - 1.15% (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
• 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
• FirstFedDirect - 1.75% (min $10K), account review
• ING Direct - 1.65% account review
• Ally/GMAC Bank - 1.65% (min $0) account review
• Corus Bank - 1.60% (min $10K) account review
• eBank - 1.60% (min $1K)
• Imperial Capital - 1.58% ($2K min), 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
• Connexus CU - 1.50% (min $500) 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 - 1.90% (10-mo) (min $500) account review
• Ally/GMAC Bank - 1.85% (min $0) No-Penalty, account review
• TotalBank - 1.85% (min $1K) account review
• eBank - 1.80% (min $1K)
• Navy FCU - 1.76% ($10K min) restrictions to membership, account review
• FirstFedDirect - 1.75% (min $10K) account review
• Imperial Capital - 1.73% ($2K min), 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 - 0.90% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Delta Community CU - 2.35% (min $1K) account review
• Frontier Bank - 2.30% (min $50K) account review
• Wilshire State Bank - 2.30% [Update: see comment] (min $10K), liquid features, account review
• Southeast Financial FCU - 2.30% (min $500) account review
• Golf Savings Bank - 2.30% (min $10K) account review
• Melrose CU - 2.27% (min $5K) account review
• FNCB Bank - 2.25% (11 & 15 mo) (min $5K) requires checking, 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
• Alliant Credit Union - 2.15% (min $25K) account review
• Wilshire State Bank - 2.15% (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
• OneWest Bank/IndyMac - 2.05% (min $5K) account review
• NewDominion Bank - 2.05% (min $3K) account review
• Equity Bank - 2.05% (min $1K) account review
• Acacia Federal Savings Bank - 2.05% (min $500) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• State Bank of India - 2.02% (min $5K) account review
• Crane FCU - 2.02% (min $500) account review
• ISN Bank - 2.02% (min $1K) 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
• NASA FCU - 2.00% (15 mo) (min $5K) account review
• AIG Bank - 2.00% (min $2.5K) account review
• UmbrellaBank - 1.95% (min $1K) account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• eBank - 1.90% (min $1K)
• Tennessee Commerce Bank - 1.90% (min $5K) account review
• Imperial Capital - 1.88% ($2K min), 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
• OneWest Bank/IndyMac - 1.80% (min $5K) liquid CD, account review
• BankUnited - 1.80% (min $5K) account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• Fifth Third - 1.75% (15 mo) (min $5K) not all states, account review
• Connexus CU - 1.75% (min $500) account review
• Geauga Savings Bank - 1.70% (min $1K) 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
• 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:

• 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% [Update: see comment] (min $10K), liquid features, account review
• Equity Bank - 2.35% (min $1K) account review
• Navy FCU - 2.35% ($10K min) restrictions to membership, account review
• FNCB Bank - 2.25% (18 mo) (min $5K) requires checking, account review
• Citibank - 2.25% (min $500)
• 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
• eBank - 2.15% (min $1K)
• 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
• NewDominion Bank - 2.09% (min $3K) account review
• AIG Bank - 2.06% (min $2.5K) account review
• Ally/GMAC Bank - 2.05% (min $0) account review
• UmbrellaBank - 2.05% (min $1K), account review

24-Month Certificates of Deposit:

• Crane FCU - 2.78% (25 mo) (min $500) account review
• Southeast Financial FCU - 2.75% (min $500) account review
• Frontier Bank - 2.60% (min $50K) account review
• Melrose CU - 2.52% (min $5K) account review
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• Citizens First - 2.50% (22 mo) (min $1K) account review
• Equity Bank - 2.50% (min $1K) account review
• ISN Bank - 2.48% (min $1K) account review
• E-LOAN - 2.47% ($10K min) 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
• Northwest FCU - 2.36% (min $500) add-on, account review
• Bank of America DOW - 2.36% (min $1K) account review
• NewDominion Bank - 2.35% (min $3K) account review
• TriState Capital Direct - 2.35% (min $95K) account review
• State Bank of India - 2.32% (min $5K) account review
• OneWest Bank/IndyMac - 2.30% (min $5K) account review
• Ally/GMAC Bank - 2.30% (min $0) account review
• Discover Bank - 2.30% (min $2.5K) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• BankUnited - 2.30% (min $5K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• AIG Bank - 2.25% (min $2.5K) account review
• USAA Bank - 2.25% (min $1K) (2.56% $175K min) account review
• eBank - 2.25% (min $1K)
• MetLife Bank - 2.25% (min $25K) account review
• American Express Bank - 2.25% (min $0) account review
• Beacon Federal - 2.25% (min $2.5K) account review
• EverBank - 2.25% ($1.5K min) account review
• iGobanking - 2.12% (min $500), account review
• Seacoast Commerce Bank - 2.08% (min $10K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• UFB Direct - 2.00% (min $8K)

36-Month Certificate of Deposit:

• Melrose CU - 3.03% (min $5K) account review
• Frontier Bank - 3.00% (min $50K) account review
• Intervest - 2.90% (min $2.5K), account review
• Acacia Federal Savings Bank - 2.85% (min $500) account review
• Equity Bank - 2.80% (min $1K) account review
• Pentagon Federal CU - 2.78% (min $1K), 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
• State Bank of India - 2.68% (min $5K) account review
• AIG Bank - 2.66% (min $2.5K) account review
• Tennessee Commerce Bank - 2.55% (min $5K) account review
• Nationwide Bank - 2.55% (min $500) account review
• Northrop Grumman FCU - 2.51% (min $40K), account review
• H&R Block Bank - 2.50% (min $250) account review
• eBank - 2.50% (min $1K)
• Agriculture FCU - 2.40% (min $1K) account review
• Bank of Internet - 2.25% (min $1K) account review

48-Month Certificate of Deposit:

• Golf Savings Bank - 3.50% (min $10K) account review
• Melrose CU - 3.39% (min $5K) account review
• Frontier Bank - 3.25% (min $50K) account review
• Discover Bank - 3.25% (min $2.5K) account review
• Intervest - 3.20% (min $2.5K), account review
• USAA Bank - 3.15% (min $1K) (3.46% $175K min) account review
• Pentagon Federal CU - 3.14% (min $1K), account review
• Bank of America DOW - 3.11% (min $1K) account review
• Acacia Federal Savings Bank - 3.10% (min $500) account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Third Federal - 3.00% (min $500) 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
• Equity Bank - 2.90% (min $1K) 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

60-Month Certificate of Deposit:

• Melrose CU - 3.91% (min $5K) account review
• Northwest FCU - 3.75% (min $25K) account review
• Apple FCU - 3.70% (min $50K) 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
• iGobanking - 3.50% (min $500), account review
• Frontier Bank - 3.50% (min $50K) account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• Equity Bank - 3.40% (min $1K) account review
• Agriculture FCU - 3.40% (min $1K), account review
• State Bank of India - 3.34% (min $5K) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• Connexus CU - 3.25% (min $1K) account review
• Third Federal - 3.25% (min $500) account review
• American Express Bank - 3.25% (min $0) account review
• Discover Bank - 3.25% (min $2.5K) account review
• Mountain America CU - 3.25% (min $1K) account review
• Ally/GMAC Bank - 3.20% (min $0) account review
• AIG Bank - 3.16% (min $2.5K) account review
• Nationwide Bank - 3.15% (min $500) account review
• Navy FCU - 3.10% ($20K min) (3.25% for $100K+) restrictions to membership, account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• EverBank - 3.01% ($1.5K min) account review
• Alliant Credit Union - 3.00% (min $25K) 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 - 2.29% (min $40K) account review
• 1st Source Bank - 2.00% (min $500) 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 - 3.50% (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
• 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
• 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
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• 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 - 0.34% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.27% 7-day yield
• Vanguard Prime Money Market Fund - 0.22% 7-day yield
• Paypal Money Market Fund - 0.10% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.09% 7-day yield
• TIAA-CREF Money Market Fund - 0.03% 7-day yeild
• 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)