Bank Deals Weekly Summary for September 5, 2009

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

Five small banks failed on Friday which brings the total bank failures in 2009 to 89. Four of the five failures were the typical type in which the FDIC was able to find buyers to assume all deposits, even those above the FDIC limit. For these cases, the only concern for depositors will be the possibility of having rates cut on existing CDs.

The closure of one of the five banks, Platinum Community Bank in Illinois, won't go so smoothly for depositors. In this case the FDIC wasn't able to find a buyer, and consequently, the FDIC is mailing checks for the insured deposits. Those with over the FDIC limit will likely lose their uninsured deposits. In addition, all accounts were closed, so those with checking accounts will no longer be able to use the accounts to pay bills or withdraw money at ATMs.

Out of the 89 bank failures this year, I've counted 8 that have been closed without the FDIC being able to find a buyer. In 2 out of these 8 closures, the FDIC established a temporary bank that remained opened for 30 days after the closure. This gave customers with checking accounts some time to transition over to a checking account at another bank. For the other 6 closures (including the one yesterday), the FDIC didn't establish a temporary bank, and it closed all accounts immediately. This is the worst case scenario, and fortunately, it has been rare this year.

Savings Account Rates

EverBank reduced its 3-month intro rate from 3.01% to 2.51%. So there are now no more 3% savings account rates on my nationwide list.

The best non-promo rate continues to be the savings account at Tennessee Commerce Bank which has a 2.30% APY for balances up to $100K. The rate drops to 1.50% APY for over $100K. Another downside to this account is a $2.50 withdrawal fee when there is more than one withdrawal per month (see post). This rate has held since I posted on this in June. Perhaps the above negatives are preventing a flood of deposits.

In my opinion, the best savings account when you consider both rates and account features is from Alliant Credit Union. Its rate is 2% APY, and this is scheduled to hold through September. It also has a long history of competitive rates. The account features are not the best, but they're respectable. Alliant Credit Union is also much more financially healthy than many of the banks offering top rates (see post).

One big disappointment this week was at United Central Bank which cut 50 basis points on all rate tiers of its Global Money Market Account. This takes it far away from the top of the savings account list (account review).

Another disappointment was ETrade Bank's rate cut of its Complete Savings Account. When ETrade Bank cut the rate to 0.95% APY in early May I had thought surely it wouldn't go any lower. I was wrong. A couple of months ago it fell to 0.80%, and this week it fell to 0.60%. When an online bank is offering a savings account rate less than half the rate of ING Direct's Orange Savings Account, the rate is definitely too low.

Below is the list of rate changes for this week.

Rate Hikes:

1. None

Rate Drops:

1. EverBank 3mo promo MMA/Chk - 2.51% (was 3.01%)
2. Delta Community CU MMA - 1.85% $25K-$50K (was 2.00%)
3. United Central Bank Global MMA - 1.65% $75K+ (was 2.15%)
4. Bank of American Fork SaveSmart Direct - 1.60% (was 1.75%)
5. EverBank MMA stnd rate - 1.51% (was 1.75%)
6. Danvers Bank online savings - 1.50% (was 1.65%)
7. Corus Bank MMA - 1.49% (was 1.65%)
8. Bank Provident Online Savings - 1.45% (was 1.55%)
9. Capital One/Costco MMA - 1.40% (was 1.50%)
10. Capital One MMA - 1.20% (was 1.30%)
11. ETrade Bank Complete Savings - 0.60% (was 0.80%)

Certificate of Deposit Rates

One new short-term CD deal that I just noticed today as I was updating the rates is at H&R Block Bank which is offering a special 2.00% APY 6-month CD. I'll post more on this next week. In the mean time, refer to my old post on the H&R Block Bank and its CD features.

Many of the banks and credit unions that were offering top CDs cut rates this week. There were a few bright spots. One was at Mountain America Credit Union which raised its 60-month CD rate from 3.25% to 3.40% APY. The nice thing about MACU's long-term CDs is that the early withdrawal penalty is only 90 days of interest [ Update 9/07/09: See see comment below ]. With a 90-day interest penalty for a 3.40% CD, a withdrawal after one year results in a one-year APY of 2.55% (0.75x3.40) which is much better than any 1-year CD rate nationally available. I'll post more on this next week. In the mean time, refer to my old post on MACU and its CD features.

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

Best Nationwide CD Deals as of 9/05/09: Also listed are savings account promos with rate guarantee periods. The full list of nationwide CD rates is farther down.

1. 2.51% 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% 6-mo CD at H&R Block Bank (account review)
4. 2.10% 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. 2.27% 12-mo CD at Melrose CU (account review)
7. 2.25% 16-mo CD at DollarSavingsDirect (account review)
8. 2.25% 18-mo CD at NASA FCU (account review)
9. 2.78% 25-mo CD at Crane FCU (account review)
10. 3.50% 55-mo CD at NASA FCU (account review)
11. 4.00% 60-mo CD at Citibank in-branch in some states (account review)
12. 3.91% 60-mo CD at Melrose CU (account review)
13. 3.80% 60-mo CD at Apple FCU (account review)
14. 3.50% 60-mo CD at iGObanking (account review)
15. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 9/05/09: 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% 7-mo CD & 2.60% 11-mo CD at Fort Knox FCU in KY (account review)
3. 2.25% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
4. 2.25% 7-mo CD at Pan American Bank in Chicago (account review)
5. 2.59% 10-mo CD at Altana FCU in MT (account review)
6. 3.00% 15-mo CD at Bartow County Bank in GA (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 at Some NYC branches (account review)
10. 2.50% 12-mo CD at Eastman CU in Several States (account review)
11. 2.40% 15-mo CD & 2% 6-mo CD at Southern Commerce Bank in FL (account review)
12. 2.60% 18-mo CD at Settlers Bank in WI (account review)
13. 2.27% 12-mo CD at American Plus Bank in Southern CA (account review)
14. 2.65% 18-mo CD & 2.40% 11-mo CD at Island FCU in NY (account review)
15. 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
16. 4.00% 36-mo Liquid CD & 2.75% 18-mo CD at Darby Direct in GA (account review)
17. 3.25% 42-mo CD at Regions Bank in Several States (account review)
18. 4.15% 60-mo CD at Neighborhood CU in TX (account review)
19. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
20. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
21. 4.00% 60-mo CD at Citibank branches in CA, NV & FL (account review)

Reward Checking Accounts

I reported on five new reward checking accounts this week with rates from 4.01% APY to 5.25% APY. Unfortunately, all are local deals. However, I posted on two reward checking accounts that I've recently confirmed are available nationwide. One is Incommons Bank in Texas which is offering 5.01% APY on balances up to $25K. The other is Commonwealth Bank & Trust Company which is offering 4.50% APY on balances up to $25K. This 4.50% APY is guaranteed to last until May 2010 (see post).

To see all of the high yield reward checking accounts available throughout the nation, please refer to my High Yield Checking website. Note, I'm in the process of updating rates.

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

Banking News

• Five Banks Fail, FDIC Couldn't Find a Buyer for One
• My Experience Closing a WaMu/Chase CD and Tips on Redeeming CDs

CD Deals - National

• Competitive CD Rates at Nationwide Bank - Nationally Available
• Competitive Mid-Term and Long-Term CD Rates at Northwest FCU - Easy Membership
• 2.37% 18-Month CD at BankUnited in Florida - Available Nationwide
• Update on Citibank's CDs - Branch Specials & Secured MasterCard CD
• 4.00% 7-Year CD Continues But Other CD Rates Have Fallen at Pentagon FCU
• 3.50% 55-Month CD & 2.25% 18-Month CD at NASA Federal Credit Union - Easy Membership

Checking/Savings Bonuses

• $100 Checking Account Bonus (DD Not Required) at BB&T in the Southeastern States Only
• $135 Checking Account Bonus at Madison National Bank in New York - Local Only
• $150 Checking Account Bonus at Southwest Bank in Missouri - Local Only
• $75 Checking Account Bonus (no DD Required) at Marquette Bank
• $100 Checking Account Bonus at GreenBank

Reward Checking Accounts

• Two Hot Reward Checking Accounts Available Nationwide
• 4.35% Reward Checking Account at Co-Op Credit Union in Wisconsin - Local Only
• 5.25% Reward Checking Account at Britton & Koontz Bank in MS & LA - Local Only
• 5.00% Reward Checking Account at First American Bank in New Mexico - Local Only
• 4.01% Reward Checking Account at Community Bank of Parkersburg in WV - Local Only
• 5.01% Reward Checking Account at Foundations Bank in Wisconsin - Local Only

CD and Money Market Deals - Local

• 2.25% 12-Month CD at Idaho Banking Company - Local Only
• 2.23% 12-Month Liquid CD at Nevada Security Bank - Local Only
• 2.25% 7-Month CD at Pan American Bank in Chicago - Local Only
• Installment Savings Account with Rates Up to 4.86% at Center Bank in CA, WA & IL - Local Only
• 2.60% 24-Month CD & 3.00% 36-Month CD at Madison National Bank in New York - Local Only
• 3.00% 9-Month CD at First Priority Credit Union in MA - EXPIRED
• 2.50% 12-Month CD & 2.75% 24-Month CD at GreenBank in TN - Local Only
• 2.00% 9-Month CD, 2.50% 19-Month CD & 3.00% 29-Month CD at West End Bank in Indiana - Local Only
• 2.00% 6-Month CD & 2.40% 15-Month CD at Southern Commerce Bank in Florida - Local Only
• 2.45% 24-Month Add-On CD & 2.15% 12-Month CD at NexBank in Texas

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 September 5, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields up to 6.01%

• EverBank - 2.51% ($5K min), 3 mo promo rate up to $50K (1.51% 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
• ProvidentNJ Direct - 2.00% (min $50), 3 mo promo (1.50% $10K+ stnd) account review
• UFB Direct - 2.00%, account review
• Alliant Credit Union - 2.00% (min $100), account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• Discover Bank - 2.00% Savings (min $500) account review
• CNB Bank Direct - 1.85% account review
• OneWest Bank - 1.85% (min $10K) account review
• American Express Bank - 1.85%, account review
• Delta Community CU - 1.85% MMA (min $25K) 2.15% $100K+, account review
• Flagstar - 1.82% MMA, account review
• Nationwide Bank - 1.80% MMA (min $1K) account review
• Newtown Savings Bank - 1.80%, account review
• First Trade Union Bank - 1.80% ($2.5K min) account review
• Centennial Bank - 1.77% ($50K min), 2.02% ($100K min) account review
• Heartland Bank Direct - 1.76% ($500 min), account review
• Clear Sky Accounts - 1.75% account review
• Union Federal Savings - 1.75% account review
• Hudson City Savings - 1.75% (min $2.5K) account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• BankUnited - 1.75% (min $5K), account review
• FNCB Bank - 1.75% (min $100) account review
• Bank of Internet - 1.75% (min $100) account review
• Capital One/Costco - 1.75% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• Wilshire State Bank - 1.75%, chk required (min $500) account review
• Ally/GMAC Bank - 1.75% Savings account review
• DollarSavingsDirect - 1.70% ($1K min) account review
• Bank of Internet - 1.70% MMA (min $100) account review
• Savings Square - 1.70%, account review
• Ally/GMAC Bank - 1.70% MMA account review
• iGObanking - 1.67%, account review
• AIG Bank - 1.66% MMA (min $10K+) account review
• WTDirect - 1.66% ($10K min), account review
• Bank of Internet - 1.65% Advantage Savings (min $100) account review
• Intervest National Bank - 1.65% MMA (min $2.5K) account review
• CapitalOne/Costco - 1.65% Savings (min $10K, Costco members only, $60 deal for exec. members)
• ADB Bank - 1.60% account review
• grand yield direct - 1.60% (min $2.5K) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• Bank of American Fork - 1.60% (min $1K) account review
• TotalBank - 1.55% (min $1K) account review
• State Farm Bank - 1.55% Checking (min $2.5K) account review
• Salem Five Direct - 1.55% Savings, account review
• EBSB Direct - 1.55% (min $50K) account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• Seacoast Commerce Bank - 1.50% (min $25K) account review
• FNBO Direct - 1.50%, 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)
• Danversbank - 1.50% account review
• Corus Bank - 1.49% MMA (min $10K) account review
• Zions Bank - 1.46% MMA, outside of Utah, (min $2.5K) account review
• HSBC Direct - 1.45% account review
• Bank Provident Online - 1.45% (min $10) account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• Venture Bank Direct - 1.43%, account review
• EmigrantDirect - 1.40%, account review
• ING Direct - 1.40%, (0.25% checking), post ($25 bonus)
• CapitalOne/Costco - 1.40% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Bank of America NEA - 1.40% MMA ($500 min) (1.50% for $50K+) account review
• Amegy Bank - 1.35% (min $1K) account review
• UmbrellaBank - 1.35% MMA (min $1K) 1.74% ($50K+) account review
• Discover Bank - 1.30% MMA (min $2.5K) (1.55% $25K-$50K, 1.65% $50K-$100K) account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• Citibank - 1.25% (Ultimate Savings) account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Capital One - 1.20% MMA, account review
• Imperial Capital - 1.16% 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
• OneUnited - 1.01% (min $1K), account review
• grand yield direct - 1.01% Checking (min $2.5K), must have the grand yield direct savings account for 30 days
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• iGObanking - 1.00% Checking, account review
• Imperial Capital - 0.88% Checking (min $1K) account review
• VirtualBank - 0.80% (min $100), (1.51% $25K+, 1.71% $50K+) post ($20 bonus)
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Charles Schwab - 0.75% Checking, account review
• ETrade Bank - 0.60%, account review
• AmTrustDirect - 0.50% ($500 min) NEW e-Money Market (1.00% $10K+) account review
• Doral Bank Direct - 0.50% (min $1K) account review

3-Month Certificates of Deposit:

• TotalBank - 1.85% (min $1K) account review
• Danversbank - 1.75% (4 mo) (min $500) account review
• FirstFedDirect - 1.45% (min $10K), account review
• Consumers CU - 1.45% (min $500) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• UFB Direct - 1.30% (min $8K)
• Imperial Capital - 1.28%, ($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:

• H&R Block Bank - 2.00% (min $10K) 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
• Consumers CU - 1.75% (7-mo) (min $250) (2.00% $100K+) account review
• Southeast Financial FCU - 1.75% (min $500) account review
• Ally/GMAC Bank - 1.65% (min $0) account review
• ING Direct - 1.65% account review
• Corus Bank - 1.55% (min $10K) account review
• Imperial Capital - 1.55% ($2K min), account review
• Wilshire State Bank - 1.51% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• UmbrellaBank - 1.50% (min $1K) account review
• Excel National Bank - 1.50% (min $10K) account review
• Hudson City Savings - 1.50% (min $5K) account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• OneWest Bank - 2.10% (10 mo) (min $5K) account review
• Acacia Federal Savings Bank - 1.90% (10-mo) (min $500) account review
• TotalBank - 1.85% (min $1K) account review
• Ally/GMAC Bank - 1.85% (min $0) No-Penalty, account review
• FirstFedDirect - 1.75% (min $10K) account review
• Imperial Capital - 1.71% ($2K min), account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• NASA FCU - 1.65% (min $5K) account review
• UmbrellaBank - 1.60% (min $1K) account review
• grand yield direct - 1.60% (8 mo) (min $5K), must have the grand yield direct savings account for 30 days
• Ally/GMAC Bank - 1.55% (min $0) 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:

• Melrose CU - 2.27% (min $5K) account review
• Northpointe Bank - 2.25% (15-mo) (min $5K) account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• FNCB Bank - 2.25% (15 mo) (min $5K) requires checking, account review
• Credit Union of Georgia - 2.17% (min $50K), account review
• UmbrellaBank - 2.15% (min $1K) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• Delta Community CU - 2.15% (min $1K) account review
• OneWest Bank - 2.10% (min $5K) account review
• Frontier Bank - 2.10% (min $50K) account review
• State Bank of India - 2.07% (min $5K) account review
• UFB Direct - 2.05% (min $8K)
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• Acacia Federal Savings Bank - 2.05% (min $500) account review
• NewDominion Bank - 2.05% (min $3K) account review
• USAA Bank - 2.05% (15 mo) (min $1K) (2.36% $175K min) account review
• Crane FCU - 2.02% (min $500) account review
• AIG Bank - 2.01% (min $2.5K) account review
• Franklin Synergy Bank - 2.01% account review
• La Jolla Bank - 2.00% (min $10K), account review
• HSBC Direct - 2.00% (min $10) account review
• Ally/GMAC Bank - 2.00% (min $0) account review
• Ascencia Bank - 2.00% (min $500), account review
• Amboy Direct - 2.00% Add-On (min $10K) account review
• Wilshire State Bank - 2.00% (min $10K), liquid features, account review
• MetLife Bank - 2.00% (min $25K) account review
• BankUnited - 2.00% (min $5K) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Nationwide Bank - 2.00% (min $500) account review
• Discover Bank - 1.95% (min $2.5K) account review
• Beacon Federal - 1.95% (15 mo) (min $2.5K) account review
• Golf Savings 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
• Imperial Capital - 1.87% ($2K min), account review
• Corus Bank - 1.87% (min $10K) account review
• TotalBank - 1.85% (min $1K) account review
• Hudson City Savings - 1.85% (min $5K) account review
• Equity Bank - 1.85% (min $1K) account review
• OneWest Bank/IndyMac - 1.85% (min $5K) liquid CD, account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• ISN Bank - 1.77% (min $1K) account review
• Wilshire State Bank - 1.75% (min $1K) account review
• Connexus CU - 1.75% (min $500) account review
• Citibank (in-branch) - 1.75% (min $2.5K) not all states, account review
• Geauga Savings Bank - 1.65% (min $1K) account review
• KeyDirect - 1.65% (15 mo) (min $5K), 1.75% w/chk, Not all states, account review
• Fifth Third - 1.60% (15 mo) (min $5K) not all states, account review
• Northwest FCU - 1.59% (min $500) add-on, account review
• State Farm Bank - 1.54% (min $500) account review
• ING Direct - 1.50% account review
• Citibank - 1.50% (min $500)
• Bank of America DOW - 1.50% (min $1K) account review
• TriState Capital Direct - 1.50% (min $95K) account review
• Bank of America - 1.40% (min $5K) rates vary by state, account review
• United Central Bank - 1.25% (min $1K) account review

18-Month Certificates of Deposit:

• Pacific Mercantile Bank - 2.53% IRA-only (min $7.5K) account review
• BankUnited - 2.37% (min $5K) account review
• Security Savings Bank - 2.30% (min $500) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 9/5 account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• FNCB Bank - 2.25% (min $5K) requires checking, account review
• Navy FCU - 2.25% ($10K min) restrictions to membership, account review
• Southeast Financial FCU - 2.25% (min $500) account review
• NASA FCU - 2.25% (min $5K) account review
• Nationwide Bank - 2.20% (min $500) account review
• Alliant Credit Union - 2.15% (min $25K) account review
• AIG Bank - 2.11% (min $2.5K) account review
• OneWest Bank - 2.10% (min $5K) account review
• NewDominion Bank - 2.09% (min $3K) account review
• Equity Bank - 2.08% (min $1K) account review
• UmbrellaBank - 2.05% (min $1K), account review
• Ally/GMAC Bank - 2.05% (min $0) account review
• Discover Bank - 2.05% (min $2.5K), account review
• Consumers CU - 2.00% (16-mo) (min $250) (2.25% $100K+) account review
• Citibank - 2.00% (min $500)

24-Month Certificates of Deposit:

• Crane FCU - 2.78% (25 mo) (min $500) account review
• Melrose CU - 2.52% (min $5K) account review
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• Citibank (in-branch) - 2.50% (min $2.5K) not all states, account review
• Frontier Bank - 2.45% (min $50K) account review
• USAA Bank - 2.40% (min $1K) (2.70% $175K min) account review
• Gateway Regional CU - 2.40% (min $1K) restrictions to membership, account review
• OneWest Bank/IndyMac - 2.40% (min $5K) account review
• E-LOAN - 2.37% ($10K min) account review
• State Bank of India - 2.37% (min $5K) account review
• American Express Bank - 2.35% (min $0) account review
• Ally/GMAC Bank - 2.35% (min $0) account review
• NewDominion Bank - 2.35% (min $3K) account review
• Discover Bank - 2.35% (min $2.5K) account review
• Southeast Financial FCU - 2.35% (min $500) account review
• BankUnited - 2.30% (min $5K) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• Northwest FCU - 2.29% (min $500) add-on, account review
• ISN Bank - 2.28% (min $1K) account review
• Equity Bank - 2.28% (min $1K) account review
• AIG Bank - 2.26% (min $2.5K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• Bank of America DOW - 2.25% (min $1K) account review
• MetLife Bank - 2.25% (min $25K) account review
• EverBank - 2.25% ($1.5K min) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• Consumers CU - 2.20% (22-mo) (min $250) (2.45% $100K+) account review
• Citizens First - 2.18% (23 mo) (min $1K) 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
• Intervest - 2.90% (min $2.5K), account review
• Acacia Federal Savings Bank - 2.85% (min $500) account review
• Frontier Bank - 2.80% (min $50K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Gateway Regional CU - 2.75% (min $1K) restrictions to membership, account review
• American Express Bank - 2.75% (min $0) account review
• Alliant Credit Union - 2.75% (min $25K) account review
• Air Force FCU - 2.70% (min $25K) membership restrictions account review
• Ally/GMAC Bank - 2.70% (min $0) account review
• State Bank of India - 2.68% (min $5K) account review
• AIG Bank - 2.66% (min $2.5K) account review
• Tennessee Commerce Bank - 2.60% (min $5K) account review
• Nationwide Bank - 2.55% (min $500) account review
• Equity Bank - 2.53% (min $1K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Pentagon Federal CU - 2.50% (min $1K), account review
• Agriculture FCU - 2.40% (min $1K) account review
• Northrop Grumman FCU - 2.29% (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
• 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
• Golf Savings Bank - 3.15% (min $10K) account review
• Acacia Federal Savings Bank - 3.10% (min $500) account review
• Discover Bank - 3.10% (min $2.5K) account review
• Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Frontier Bank - 3.00% (min $50K) account review
• National Bank of KC - 2.90% (min $10K) account review
• American Express Bank - 2.90% (min $0) account review
• Bank of America DOW - 2.86% (min $1K) account review
• Ally/GMAC Bank - 2.85% (min $0) account review
• Nationwide Bank - 2.85% (min $500) account review
• Third Federal - 2.75% (min $500) account review
• Equity Bank - 2.75% (min $1K) account review
• Pentagon Federal CU - 2.75% (min $1K), 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 - 3.64% (min $25K) account review
• USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
• BankUnited - 3.50% (min $5K) account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• iGobanking - 3.50% (min $500), account review
• NASA FCU - 3.50% (55 mo) (min $5K) account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• Mountain America CU - 3.40% (min $1K) account review
• E-LOAN - 3.40% ($10K min) account review
• OneWest Bank/IndyMac - 3.40% (min $5K) account review
• Agriculture FCU - 3.40% (min $1K), account review
• Discover Bank - 3.35% (min $2.5K) account review
• State Bank of India - 3.34% (min $5K) account review
• Ally/GMAC Bank - 3.30% (min $0) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• American Express Bank - 3.25% (min $0) account review
• Connexus CU - 3.25% (min $1K) account review
• Frontier Bank - 3.25% (min $50K) account review
• AIG Bank - 3.21% (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
• EverBank - 3.04% ($1.5K min) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Equity Bank - 3.00% (min $1K) account review
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• Telcom Credit Union - 3.00% (min $500) account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Third Federal - 3.00% (min $500) account review
• US Bank - 3.00% (59 mo) (min $1K) account review
• Pentagon Federal CU - 3.00% (min $1K), account review
• Delta Community CU - 2.85% (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 - 2.28% (min $40K) account review
• 1st Source Bank - 1.90% (min $500) account review

84-Month Certificate of Deposit:

• Navy FCU - 4.00% ($20K min) restrictions to membership, account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• Apple FCU - 4.00% (min $50K) account review
• USAA Bank - 3.61% (min $1K) (3.92% $175K min) account review
• Discover Bank - 3.55% (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
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• Kentucky deals and CD rates
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• Michigan 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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• North Carolina deals and CD rates
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• Wyoming deals and CD rates

Bank Account Alternatives

• GE Interest Plus - 2.15% rate for $50k+
• Fidelity Money Market Fund - 0.31% 7-day yield (reviews on Fatwallet)
• Vanguard Tax-Exempt Money Market Fund - 0.21% 7-day yield
• Vanguard Prime Money Market Fund - 0.20% 7-day yield
• Paypal Money Market Fund - 0.06% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.02% 7-day yield
• 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)