Bank Deals Weekly Summary for August 29, 2009

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

The FDIC issued its 2nd quarter report of the state of the banking industry on Thursday (see post). As you might expect, it's grim. The number of banks on the problem list increased from 305 to 416 and the Deposit Insurance Fund (DIF) balance declined from $13.0 billion to $10.4 billion.

Depositors should not worry about the FDIC running out of money. There are many ways the FDIC can deal with a low DIF balance. The first way is hiking premiums they charge banks. There was already a special assessment, and there will likely be more. If the fees they charge banks don't come in quick enough, they also can borrow up to $500 billion from the Treasury. The main issue with the higher fees that banks will have to pay is that these will likely be passed down to the bank customers which means more downward pressures on deposit interest rates.

Savings Account Rates

There were again several rate cuts this week, but there were a couple of small bright spots. Ally Bank finally had a rate hike on Friday. Both the money market rate and the savings account rate increased by 5 basis points. Another bright spot was at Alliant Credit Union. I've confirmed with the credit union that they are keeping the rates on their savings account and high rate checking account the same for September. The rates will stay at the very competitive level of 2.00% APY for the savings and 1.75% APY for the checking (see post).

Unfortunately, there were more disappointments this week. CNB Bank Direct cut its savings account rate to below 2%. Bank of Internet made yet another rate cut on its new Advantage Savings account, and Presidential Bank slashed the rates of its Premium Savings Account and Checking Plus Account.

Below is the list of rate changes for this week.

Rate Hikes:

1. Ally Bank Savings - 1.75% (was 1.70%)
2. Ally Bank MMA - 1.70% (was 1.65%)

Rate Drops:

1. CNB Bank Direct Savings - 1.85% (was 2.00%)
2. Bank of Internet Advantage Savings - 1.65% (was 1.85%)
3. ADB Bank Direct Wealth MMA - 1.60% (was 1.80%)
4. Clear Sky Account Savings - 1.75% (was 1.85%)
5. Presidential Bank Premier Savings - 1.25% (was 1.75%)
6. AIG Bank MMA - 1.66% $10K+ (was 1.71%)
7. Corus Bank MMA - 1.65% (was 1.75%)
8. Bank of Internet Checking - 1.15% (was 1.30%)

Certificate of Deposit Rates

There were a few CD deals this week from former failed banks. These failed banks are now part of new banks that are in much better shape than the old failed banks. Perhaps the failed banks lost some of their deposits during the many months before the closures when bad publicity might have scared off depositors. In any case, this is creating opportunities for savers.

The most recent deal at a former failed bank is at Guaranty Bank which just failed on August 21st. BBVA Compass acquired Guaranty Bank, and it continues to operate like it did before the closure. This week Guaranty came out with a competitive CD special: 2.15% APY for 14 and 15 month terms. This is only for customers in Texas and California (see post).

BankUnited FSB failed in May, and the FDIC arranged for a private equity group to take over the operations under a newly chartered bank named BankUnited. This new bank is offering several competitive CD rates including a 2.37% APY 18-month CD and a 3.50% APY 60-month CD.

OneWest Bank (formerly the failed IndyMac Bank) continues to offer a competitive CD special with a 2.15% APY for terms of 10 to 18 months.

Below are some of the best nationwide and local CD deals that are still active. With a new month starting next Tuesday, it's likely we'll see rate cuts, especially at credit unions. So make sure to check with the bank or credit union for the latest rates.

Best Nationwide CD Deals as of 8/29/09: 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. 2.00% 4-mo CD at Danvers Bank (account review)
4. 2.15% 10-mo CD at OneWest Bank (account review)
5. 2.36% 15-mo CD $175K min, 2.05% $1K min at USAA Bank (account review)
6. 2.35% 12-mo CD at Delta Community CU (account review)
7. 2.25% 12-mo CD at United Central Bank (account review)
8. 2.25% 16-mo CD at DollarSavingsDirect (account review)
9. 2.20% 12-mo CD at Golf Savings Bank (account review)
10. 2.78% 25-mo CD at Crane FCU (account review)
11. 2.75% 24-mo CD at Southeast Financial FCU (account review)
12. 4.00% 60-mo CD at Citibank in-branch in some states (account review)
13. 3.91% 60-mo CD at Melrose CU (account review)
14. 3.80% 60-mo CD at Apple FCU (account review)
15. 3.50% 60-mo CD at iGObanking (account review)

Best Local CD Deals as of 8/29/09: 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 & 2.60% 11-mo CD at Fort Knox FCU in KY (account review)
4. 2.59% 10-mo CD at Altana FCU in MT (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 Eastman CU in Several States (account review)
10. 2.50% 12-mo CD at Settlers Bank in WI (account review)
11. 2.27% 12-mo CD at American Plus Bank in Southern CA (account review)
12. 2.65% 18-mo CD & 2.40% 11-mo CD at Island FCU in NY (account review)
13. 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
14. 2.98% 24-mo CD at First Bank & Trust in TX (account view)
15. 4.00% 36-mo Liquid 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. 4.15% 60-mo CD at Neighborhood CU in TX (account review)
18. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
19. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
20. 4.00% 60-mo CD at Citibank branches in CA, NV & FL (account review)

Reward Checking Accounts

I reported on six new reward checking accounts this week with rates from 2.25% APY to 4.51% APY. The 2.25% APY is low for reward checking, but it's significantly higher than most online savings accounts. With many banks and credit unions offering over 4%, there are not many reasons to choose one with rates under 3%. However, there are a few: They may have branches near where you live, or they may have a larger balance cap that qualifies for the top rate. Also, the banks may have set the rates at levels that they think they can maintain through this period of low interest rates. Like savings account rates, reward checking rates overall continue to fall. Make sure you keep reasonable expectations. In my opinion, the best I think we can hope for in the long run is reward checking rates that are 1% to 2% higher than online savings account rates.

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

• Review of Today's 3 Bank Closures and Update on Community Bank of Nevada's Closure
• FDIC's Second Quarter Report - Number of Problem Banks Increase to 416
• FDIC Eases Requirements for Buyers of Failed Banks

Savings Accounts - National

• Update on Alliant Credit Union's Savings Account and Checking Account

CD Deals - National

• Update on Citibank's CDs - Branch Specials & Secured MasterCard CD
• 2.25% 16-Month CD at DollarSavingsDirect - Available Nationwide

Checking/Savings Bonuses

• $100 Checking Account Bonus at SharePlus Federal Bank in CA, TX, IN & KY - EXPIRED

Reward Checking Accounts

• 2.25% Reward Checking Account at Standard Bank and Trust Co. in IL & IN - Local Only
• 4.51% Reward Checking Account at Neighbors Federal Credit Union in Louisiana - Local Only
• 4.07% Reward Checking Account at Maine State Credit Union - Local Only
• 4.50% Reward Checking Account at Texas Heritage Bank - Local Only
• 4.25% Reward Checking Account at Standard Register Federal Credit Union in Ohio - Local Only
• 2.25% Reward Checking Account at Nevada State Bank - Local Only

CD and Money Market Deals - Local

• 2.51% 18-Month CD at Standard Bank and Trust Co. in Chicago - Local Only
• 2.15% 14-Month CD at Guaranty Bank (now part of BBVA Compass) in TX & CA - Local Only
• Another CD Promotion at Irwin Union Bank
• 2.98% 24-Month CD at First Bank & Trust in Lubbock Texas - Local Only
• 2.32% 9-Month CD at Peoples National Bank in the Florida Panhandle - Local Only
• 2.50% 21-Month CD at Banner Bank in WA, OR & ID - Local Only
• Update on Darby Direct's 36-Month Step Up CD
• 1.96% 6-Month CD at Washington Federal Bank for Savings in Chicago - Local Only
• 2.10% 16-Month CD & 3.00% 36-Month CD at Mutual of Omaha Bank in CA, NV, AZ, CO & NE - Local Only
• 2.25% 12-Month CD & 2.75% 24-Month CD at Neighbors FCU in Louisiana - Local Only
• 2.50% 12-Month CD at Settlers Bank in Wisconsin - Local Only
• 2.30% 15-Month CD & 2.60% 25-Month CD at Veridian Credit Union in Iowa - Local Only
• CD Rates From 2% to 4% at Police and Fire FCU in Pennsylvania - Local Only
• 2.25% 15-Month CD at Insight Financial Credit Union in Central Florida - Local Only
• 2.27% 15-Month CD & 2.78% 23-Month CD at Barnes Banking Co. in Utah - Local Only
• 2.33% 12-Month CD at The Bank of Denver - Local Only
• 2.25% 12-Month & 2.58% 24-Month CD at Riverside National Bank in East FL - 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 29, 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
• Peoples Bank - 2.02% ($500 min) account review
• SmartyPig - 2.01% (min $25) withdrawal restrictions, account review
• Discover Bank - 2.00% Savings (min $500) 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
• 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
• OneWest Bank - 1.85% (min $10K) account review
• CNB Bank Direct - 1.85% 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
• Nationwide Bank - 1.80% MMA (min $1K) account review
• Centennial Bank - 1.77% ($50K min), 2.02% ($100K min) account review
• Heartland Bank Direct - 1.76% ($500 min), account review
• Ally/GMAC Bank - 1.75% Savings account review
• Wilshire State Bank - 1.75%, chk required (min $500) account review
• Capital One/Costco - 1.75% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• Bank of Internet - 1.75% (min $100) account review
• Bank of American Fork - 1.75% (min $1K) account review
• FNCB Bank - 1.75% (min $100) 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
• Clear Sky Accounts - 1.75% account review
• Ally/GMAC Bank - 1.70% MMA account review
• Savings Square - 1.70%, account review
• Bank of Internet - 1.70% MMA (min $100) account review
• DollarSavingsDirect - 1.70% ($1K min) account review
• iGObanking - 1.67%, account review
• WTDirect - 1.66% ($10K min), account review
• AIG Bank - 1.66% MMA (min $10K+) account review
• CapitalOne/Costco - 1.65% Savings (min $10K, Costco members only, $60 deal for exec. members)
• Danversbank - 1.65% account review
• Intervest National Bank - 1.65% MMA (min $2.5K) account review
• Corus Bank - 1.65% MMA (min $10K) account review
• Bank of Internet - 1.65% Advantage Savings (min $100) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• grand yield direct - 1.60% (min $2.5K) account review
• ADB Bank - 1.60% 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
• Bank of America - 1.50% MMA, rate guaranteed to 1/04/2010, req chk, branch visit req, may not be available in all states (account review)
• CapitalOne/Costco - 1.50% MMA (min $1K, Costco members only, $60 deal for exec. members)
• FNBO Direct - 1.50%, 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
• Amegy Bank - 1.35% (min $1K) account review
• Discover Bank - 1.30% MMA (min $2.5K) (1.55% $25K-$50K, 1.65% $50K-$100K) account review
• Capital One - 1.30% MMA, account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Citibank - 1.25% (Ultimate Savings) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• Imperial Capital - 1.17% MMA ($2.5K min) (1.36% for $100K+) account review
• Bank of Internet - 1.15% Checking (min $5K) account review
• Charles Schwab - 1.05% Savings, account review
• grand yield direct - 1.01% Checking (min $2.5K), must have the grand yield direct savings account for 30 days
• OneUnited - 1.01% (min $1K), account review
• iGObanking - 1.00% Checking, account review
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• Imperial Capital - 0.88% Checking (min $1K) account review
• ETrade Bank - 0.80%, account review
• VirtualBank - 0.80% (min $100), (1.51% $25K+, 1.71% $50K+) post ($20 bonus)
• 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
• TotalBank - 1.85% (min $1K) account review
• Southeast Financial FCU - 1.75% (min $500) account review
• Consumers CU - 1.45% (min $500) account review
• FirstFedDirect - 1.45% (min $10K), account review
• UFB Direct - 1.35% (min $8K)
• Imperial Capital - 1.29%, ($2K min), account review
• Wilshire State Bank - 1.26% (min $1K) account review
• Ally/GMAC Bank - 1.25% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review

6-Month Certificates of Deposit:

• Southeast Financial FCU - 2.00% (min $500) 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
• Consumers CU - 1.75% (7-mo) (min $250) (2.00% $100K+) account review
• FirstFedDirect - 1.75% (min $10K), account review
• ING Direct - 1.65% account review
• Ally/GMAC Bank - 1.65% (min $0) account review
• Imperial Capital - 1.56% ($2K min), account review
• Corus Bank - 1.56% (min $10K) account review
• Wilshire State Bank - 1.51% (min $1K) 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
• OneWest Bank - 2.15% (10 mo) (min $5K) 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
• Navy FCU - 1.76% ($10K min) restrictions to membership, account review
• FirstFedDirect - 1.75% (min $10K) account review
• Imperial Capital - 1.72% ($2K min), account review
• grand yield direct - 1.60% (8 mo) (min $5K), must have the grand yield direct savings account for 30 days
• 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
• NewDominion Bank - 1.25% (min $3K) account review
• Bank of America - 0.75% (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
• Southeast Financial FCU - 2.30% (min $500) 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
• Northpointe Bank - 2.25% (15-mo) (min $5K) account review
• Golf Savings Bank - 2.20% (min $10K) account review
• Credit Union of Georgia - 2.17% (min $50K), account review
• OneWest Bank - 2.15% (min $5K) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• State Bank of India - 2.07% (min $5K) account review
• USAA Bank - 2.05% (15 mo) (min $1K) (2.36% $175K min) account review
• Beacon Federal - 2.05% (15 mo) (min $2.5K) account review
• NewDominion Bank - 2.05% (min $3K) 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
• UFB Direct - 2.05% (min $8K)
• Crane FCU - 2.02% (min $500) account review
• Franklin Synergy Bank - 2.01% account review
• BankUnited - 2.00% (min $5K) account review
• Citibank (in-branch) - 2.00% (min $2.5K) not all states, account review
• MetLife Bank - 2.00% (min $25K) account review
• Wilshire State Bank - 2.00% (min $10K), liquid features, account review
• 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
• NASA FCU - 2.00% (15 mo) (min $5K) account review
• AIG Bank - 2.00% (min $2.5K) account review
• TriState Capital Direct - 2.00% (min $95K) account review
• UmbrellaBank - 2.00% (min $1K) account review
• Corus Bank - 1.95% (min $10K) account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• Tennessee Commerce Bank - 1.90% (min $5K) account review
• OneWest Bank/IndyMac - 1.90% (min $5K) liquid CD, account review
• Imperial Capital - 1.88% ($2K min), account review
• Equity Bank - 1.86% (min $1K) 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
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• ISN Bank - 1.77% (min $1K) account review
• Fifth Third - 1.75% (15 mo) (min $5K) not all states, account review
• Connexus CU - 1.75% (min $500) account review
• Wilshire State Bank - 1.75% (min $1K) account review
• KeyDirect - 1.65% (15 mo) (min $5K), 1.75% w/chk, Not all states, account review
• Geauga Savings Bank - 1.65% (min $1K) account review
• Northwest FCU - 1.60% (min $500) add-on, 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 - 1.40% (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
• BankUnited - 2.37% (min $5K) account review
• Security Savings Bank - 2.35% (17 mo) (min $500) account review
• Navy FCU - 2.35% ($10K min) restrictions to membership, account review
• FNCB Bank - 2.25% (min $5K) requires checking, account review
• Citibank - 2.25% (min $500)
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) account review
• OneWest Bank - 2.15% (min $5K) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• Discover Bank - 2.15% (min $2.5K), account review
• NewDominion Bank - 2.09% (min $3K) account review
• Equity Bank - 2.08% (min $1K) account review
• Ally/GMAC Bank - 2.05% (min $0) account review
• UmbrellaBank - 2.05% (min $1K), account review
• AIG Bank - 2.05% (min $2.5K) account review
• Consumers CU - 2.00% (16-mo) (min $250) (2.25% $100K+) 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 - 2.70% (min $50K) account review
• Melrose CU - 2.52% (min $5K) account review
• Citibank (in-branch) - 2.50% (min $2.5K) not all states, account review
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• OneWest Bank/IndyMac - 2.40% (min $5K) account review
• Gateway Regional CU - 2.40% (min $1K) restrictions to membership, account review
• USAA Bank - 2.40% (min $1K) (2.70% $175K min) account review
• Northwest FCU - 2.37% (min $500) add-on, account review
• State Bank of India - 2.37% (min $5K) account review
• E-LOAN - 2.37% ($10K min) account review
• Discover Bank - 2.35% (min $2.5K) account review
• NewDominion Bank - 2.35% (min $3K) account review
• TriState Capital Direct - 2.35% (min $95K) account review
• Citizens First - 2.31% (22 mo) (min $1K) account review
• Ally/GMAC Bank - 2.30% (min $0) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• BankUnited - 2.30% (min $5K) account review
• Equity Bank - 2.29% (min $1K) account review
• ISN Bank - 2.28% (min $1K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• EverBank - 2.25% ($1.5K min) account review
• AIG Bank - 2.25% (min $2.5K) account review
• MetLife Bank - 2.25% (min $25K) account review
• American Express Bank - 2.25% (min $0) account review
• Bank of America DOW - 2.25% (min $1K) account review
• Consumers CU - 2.20% (22-mo) (min $250) (2.45% $100K+) account review
• iGobanking - 2.12% (min $500), account review
• Seacoast Commerce Bank - 2.08% (min $10K) account review
• UFB Direct - 2.05% (min $8K)
• Broadway Federal Bank - 2.02% (min $1K) account review

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
• 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 - 2.65% (min $2.5K) account review
• Tennessee Commerce Bank - 2.55% (min $5K) account review
• Nationwide Bank - 2.55% (min $500) account review
• Equity Bank - 2.51% (min $1K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Agriculture FCU - 2.40% (min $1K) account review
• Northrop Grumman FCU - 2.28% (min $40K), account review
• Bank of Internet - 2.25% (min $1K) account review

48-Month Certificate of Deposit:

• Melrose CU - 3.39% (min $5K) account review
• Golf Savings Bank - 3.30% (min $10K) account review
• Frontier Bank - 3.25% (min $50K) account review
• Discover Bank - 3.25% (min $2.5K) account review
• BankUnited - 3.25% (min $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
• Acacia Federal Savings Bank - 3.10% (min $500) account review
• Alliant Credit Union - 3.00% (min $25K) 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
• Bank of America DOW - 2.86% (min $1K) account review
• Nationwide Bank - 2.85% (min $500) account review
• Ally/GMAC Bank - 2.85% (min $0) account review
• Equity Bank - 2.77% (min $1K) account review
• Third Federal - 2.75% (min $500) account review
• Tennessee Commerce Bank - 2.70% (min $5K) account review
• KeyDirect - 2.40% (min $5K), 2.50% 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:

• Citibank (in-branch) - 4.00% (min $2.5K) not all states, account review
• Melrose CU - 3.91% (min $5K) account review
• Apple FCU - 3.80% (min $50K) account review
• Northwest FCU - 3.70% (min $25K) account review
• USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
• Pentagon Federal CU - 3.51% (min $1K), 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
• BankUnited - 3.50% (min $5K) account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• Agriculture FCU - 3.40% (min $1K), account review
• OneWest Bank/IndyMac - 3.40% (min $5K) account review
• E-LOAN - 3.40% ($10K min) account review
• State Bank of India - 3.39% (min $5K) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• Ally/GMAC Bank - 3.25% (min $0) account review
• Connexus CU - 3.25% (min $1K) 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
• Nationwide Bank - 3.15% (min $500) account review
• AIG Bank - 3.15% (min $2.5K) 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
• US Bank - 3.00% (59 mo) (min $1K) account review
• Third Federal - 3.00% (min $500) 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
• Equity Bank - 2.93% (min $1K) 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
• KeyDirect - 2.40% (min $5K), 2.50% w/chk, Not all states, account review
• Western FCU - 2.29% (min $40K) account review
• 1st Source Bank - 1.90% (min $500) account review

84-Month Certificate of Deposit:

• Apple FCU - 4.00% (min $50K) account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Navy FCU - 4.00% ($20K min) restrictions to membership, account review
• USAA Bank - 3.61% (min $1K) (3.92% $175K min) account review
• Discover Bank - 3.50% (min $2.5K) account review
• Intervest - 3.29% (min $2.5K), account review
• Third Federal - 3.25% (6-yr) (min $500) account review
• KeyDirect - 2.15% (min $5K) 2.25% 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
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• Indiana deals and CD rates
• Iowa deals and CD rates
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• Kentucky 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
• New Jersey deals and CD rates
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• North Carolina deals and CD rates
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• Washington State deals and CD rates
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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 - 0.32% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.26% 7-day yield
• Vanguard Prime Money Market Fund - 0.19% 7-day yield
• Fidelity Municipal Money Market Fund - 0.09% 7-day yield
• Paypal Money Market Fund - 0.06% 7-day yield (1% cashback debit MasterCard)
• TIAA-CREF Money Market Fund - 0.01% 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)