Bank Deals Weekly Summary for September 12, 2009
Sep 12, 2009 - 5:02 PM by Ken Tumin
Hot Deals, Quick Link for Rates, Recap of this week's posts
After many months of news on its financial troubles, Corus Bank finally failed yesterday. The FDIC arranged for MB Financial Bank to assume all of Corus Bank's deposits. I've listed Corus Bank's money market and short-term CDs in my weekly rate summaries for the last four years. They've always been very competitive. Another bank offering online accounts nationwide failed yesterday. Venture Bank of Washington State was closed, and its deposits were assumed by First-Citizens Bank in North Carolina. Venture Bank Direct had been offering an online savings account and reward checking account for the last year (see post)
Deposit rates continued to drift downward this week. The question of when will rates start going up is not easy to answer. Some insights into this question can be found in this Bloomberg article which reports on the continued strong demand for Treasury bonds. This is pushing Treasury yields lower. If the economic recovery remains weak and unemployment remains high, low rates will likely continue. However, with the ever growing federal deficit, we should eventually see higher rates as the supply of Treasuries grows stronger than demand. There's a good discussion of these issues and a look at interest rate trends at this BestCashCow article.
Savings Account Rates
There were fewer rate cuts this week than in previous weeks, but there were a couple of significant ones. ING Direct cut the rate on its Orange Savings Account from 1.40% to 1.30% APY. It also cut 10 basis points on the top two tiers of its Electric Orange checking account. EmigrantDirect matched ING Direct's rate cut. Its savings account is also down to 1.30% APY.
The best non-promo rate continues to be at Tennessee Commerce Bank which offers 2.30% APY on its TCB Savings Account (see review). As I mentioned last week, this TCB Savings Account has some issues. A better choice in my opinion is the savings account from Alliant Credit Union (see post).
As you can see in the deals that I post, many of the best deals are from credit unions. Credit unions have some advantages over banks, but there are a few downsides. One downside is that some credit unions can decide to convert their deposit insurance from federal to private (see post).
Below is the list of rate changes for this week.
Rate Hikes:
When a bank offers a top CD rate, those deals haven't lasted long this year. One example of this was at OneWest Bank (formerly IndyMac). In late August it started offering a 2.15% 10-month CD. This ended in early September, and now the 10-month CD rate is only 1.76% APY.
H&R Block Bank continues to offer the top rate for a 6-month CD of 2.00% APY (see post). This is scheduled to last through September, but as we've seen, these top rates often end sooner than expected.
I posted on a new CD deal at America's Credit Union which is offering four very competitive CDs: 3% APY 25-month, 2.75% APY 19-month, 2.50% APY 13-month and 2.00% APY 7-month. In addition, it allows limited add-on deposits (see post).
The best CD deal is only available to Georgia residents (and existing customers). It's a step-up CD being offered by Darby Direct with rates of 3% APY in the first year, 4% in the second and 5% in the third year. Two features make this a hot deal: 1) allows add-on deposits, and 2) allows customers to make a penalty-free early withdrawal on each anniversary date. Readers forwarded me a Darby Direct email which stated that the special CD is scheduled to end on 9/23/09 (see post).
Below are some of the best nationwide and local CD deals that are still active.
Best Nationwide CD Deals as of 9/12/09: Also listed are savings account promos with rate guarantee periods. The full list of nationwide CD rates is farther down.
I reported on six new reward checking accounts this week with five of the banks offering over 5% APY, and one offering 4% APY. All five of the banks with 5%+ reward checking accounts are small banks far away from major population centers. However, the 4% one is being offered by MB Financial Bank which is a fairly sizable bank with headquarters in Chicago (it's the one that took over Corus Bank). However, as is common with reward checking accounts from large banks, it doesn't have the best reward checking features. This includes a balance cap of only $10,000 and a monthly fee if a $500 balance isn't maintained.
One thing that helps make these reward checking accounts profitable for the banks is overdraft fees. Banks' overdraft policies may seem unfair for those who have been hit with these fees, but they do allow banks to offer more perks and higher deposit rates. As I described in this post, legislation in Congress may have a big impact on this.
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
CD Deals - National
Checking/Savings Bonuses
Reward Checking Accounts
CD and Money Market Deals - Local
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 12, 2009
Checking/Savings/Money Market Accounts:
3-Month Certificates of Deposit:
6-Month Certificates of Deposit:
9-Month Certificates of Deposit:
12-Month Certificates of Deposit:
18-Month Certificates of Deposit:
24-Month Certificates of Deposit:
36-Month Certificate of Deposit:
48-Month Certificate of Deposit:
60-Month Certificate of Deposit:
84-Month Certificate of Deposit:
Various Deposit Account Deals
High Yield Reward Checking Accounts - Open to All
Recent CD Specials at Local Credit Unions and Banks
Bank Account Alternatives
Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)
After many months of news on its financial troubles, Corus Bank finally failed yesterday. The FDIC arranged for MB Financial Bank to assume all of Corus Bank's deposits. I've listed Corus Bank's money market and short-term CDs in my weekly rate summaries for the last four years. They've always been very competitive. Another bank offering online accounts nationwide failed yesterday. Venture Bank of Washington State was closed, and its deposits were assumed by First-Citizens Bank in North Carolina. Venture Bank Direct had been offering an online savings account and reward checking account for the last year (see post)
Deposit rates continued to drift downward this week. The question of when will rates start going up is not easy to answer. Some insights into this question can be found in this Bloomberg article which reports on the continued strong demand for Treasury bonds. This is pushing Treasury yields lower. If the economic recovery remains weak and unemployment remains high, low rates will likely continue. However, with the ever growing federal deficit, we should eventually see higher rates as the supply of Treasuries grows stronger than demand. There's a good discussion of these issues and a look at interest rate trends at this BestCashCow article.
Savings Account Rates
There were fewer rate cuts this week than in previous weeks, but there were a couple of significant ones. ING Direct cut the rate on its Orange Savings Account from 1.40% to 1.30% APY. It also cut 10 basis points on the top two tiers of its Electric Orange checking account. EmigrantDirect matched ING Direct's rate cut. Its savings account is also down to 1.30% APY.
The best non-promo rate continues to be at Tennessee Commerce Bank which offers 2.30% APY on its TCB Savings Account (see review). As I mentioned last week, this TCB Savings Account has some issues. A better choice in my opinion is the savings account from Alliant Credit Union (see post).
As you can see in the deals that I post, many of the best deals are from credit unions. Credit unions have some advantages over banks, but there are a few downsides. One downside is that some credit unions can decide to convert their deposit insurance from federal to private (see post).
Below is the list of rate changes for this week.
Rate Hikes:
- None
- OneWest E-Money Market - 1.75% (was 1.85%)
- ING Direct Electric Orange - 1.55% $100K+ (was 1.65%)
- Grand Yield Direct Savings - 1.50% (was 1.60%)
- Corus (now MB Financial) - 1.32% (was 1.49%)
- EmigrantDirect Savings - 1.30% (was 1.40%)
- ING Direct Savings - 1.30% (was 1.40%)
- Amegy Bank MMA - 1.20% (was 1.35%)
When a bank offers a top CD rate, those deals haven't lasted long this year. One example of this was at OneWest Bank (formerly IndyMac). In late August it started offering a 2.15% 10-month CD. This ended in early September, and now the 10-month CD rate is only 1.76% APY.
H&R Block Bank continues to offer the top rate for a 6-month CD of 2.00% APY (see post). This is scheduled to last through September, but as we've seen, these top rates often end sooner than expected.
I posted on a new CD deal at America's Credit Union which is offering four very competitive CDs: 3% APY 25-month, 2.75% APY 19-month, 2.50% APY 13-month and 2.00% APY 7-month. In addition, it allows limited add-on deposits (see post).
The best CD deal is only available to Georgia residents (and existing customers). It's a step-up CD being offered by Darby Direct with rates of 3% APY in the first year, 4% in the second and 5% in the third year. Two features make this a hot deal: 1) allows add-on deposits, and 2) allows customers to make a penalty-free early withdrawal on each anniversary date. Readers forwarded me a Darby Direct email which stated that the special CD is scheduled to end on 9/23/09 (see post).
Below are some of the best nationwide and local CD deals that are still active.
Best Nationwide CD Deals as of 9/12/09: Also listed are savings account promos with rate guarantee periods. The full list of nationwide CD rates is farther down.
- 2.51% 3-mo money market/checking promo at EverBank (account review)
- 2.05% 3-mo savings account promo at 1st Constitution Direct (account review)
- 2.00% 6-mo CD at H&R Block Bank (account review)
- 2.00% 7-mo CD at America's CU (account review)
- 2.50% 13-mo CD at America's CU (account review)
- 2.36% 15-mo CD $175K min, 2.05% $1K min at USAA Bank (account review)
- 2.27% 12-mo CD at Melrose CU (account review)
- 2.75% 19-mo CD at America's CU (account review)
- 2.25% 16-mo CD at DollarSavingsDirect (account review)
- 2.25% 18-mo CD at NASA FCU (account review)
- 3.00% 25-mo CD at America's CU (account review)
- 2.78% 25-mo CD at Crane FCU (account review)
- 3.50% 55-mo CD at NASA FCU (account review)
- 3.91% 60-mo CD at Melrose CU (account review)
- 3.75% 60-mo CD at Citibank in-branch in some states (account review)
- 3.80% 60-mo CD at Apple FCU (account review)
- 3.50% 60-mo CD at iGObanking (account review)
- 3.40% 60-mo CD at Mountain America CU (account review)
- 2.50% 7-mo CD & 2.60% 11-mo CD at Fort Knox FCU in KY (account review)
- 2.25% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
- 2.59% 10-mo CD at Altana FCU in MT (account review)
- 3.00% 15-mo CD at Bartow County Bank in GA (account review)
- 3.00% 12-mo & 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
- 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
- 2.50% 12-mo CD at Valley National Bank at Some NYC branches (account review)
- 2.50% 12-mo CD at Eastman CU in Several States (account review)
- 2.40% 15-mo CD & 2% 6-mo CD at Southern Commerce Bank in FL (account review)
- 2.65% 18-mo CD & 2.40% 11-mo CD at Island FCU in NY (account review)
- 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
- 4.00% 36-mo Liquid CD & 2.75% 18-mo CD at Darby Direct in GA (account review)
- 3.25% 42-mo CD at Regions Bank in Several States (account review)
- 4.15% 60-mo CD at Neighborhood CU in TX (account review)
- 4.07% 60-mo CD at United Community CU in IL & MO (account review)
- 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
- 3.75% 60-mo CD at Citibank branches in CA, NV & FL (account review)
I reported on six new reward checking accounts this week with five of the banks offering over 5% APY, and one offering 4% APY. All five of the banks with 5%+ reward checking accounts are small banks far away from major population centers. However, the 4% one is being offered by MB Financial Bank which is a fairly sizable bank with headquarters in Chicago (it's the one that took over Corus Bank). However, as is common with reward checking accounts from large banks, it doesn't have the best reward checking features. This includes a balance cap of only $10,000 and a monthly fee if a $500 balance isn't maintained.
One thing that helps make these reward checking accounts profitable for the banks is overdraft fees. Banks' overdraft policies may seem unfair for those who have been hit with these fees, but they do allow banks to offer more perks and higher deposit rates. As I described in this post, legislation in Congress may have a big impact on this.
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
- Corus Bank is Closed by Regulators, MB Financial Bank Assumes All Deposits
- Credit Union Members Beware: Your Credit Union May Drop Federal Deposit Insurance
- Proposed Overdraft Fees Legislation and Impact to Reward Checking
- Federal Reserve Changes Reg D To Allow 6 Checks Per Month in Money Market Accounts
CD Deals - National
- 3.00% 25-Month CD & 2.50% 13-Month CD with Add-On Feature at America's Credit Union - Easy Membership
- 2.00% 6-Month CD at H&R Block Bank - Available Nationwide
Checking/Savings Bonuses
- Update on Chase Checking Account Bonuses and Redeeming Chase/WaMu CDs
- HSBC Direct Online Payment Account $50 Bonus
- $100 Bonus for Opening PNC's Virtual Wallet with Direct Deposit - Available Nationwide
Reward Checking Accounts
- 5.01% Reward Checking Account at Farmers & Merchants Bank in Wisconsin - Local Only
- 5.01% Reward Checking Account at Farmers State Bank in Iowa - Local Only
- 5.01% Reward Checking Account at First Southern National Bank in Georgia - Local Only
- 5.01% Reward Checking Account at Farmers Bank & Trust in Arkansas - Local Only
- 4.00% Reward Checking Account at MB Financial Bank in IL, IN & PA - Local Only
- 5.25% Reward Checking Account at UniWyo FCU in Wyoming - Local Only
CD and Money Market Deals - Local
- 2.75% 23-Month CD at Golden Plains Credit Union in Kansas - Easy Membership
- 2.52% Money Market Account at South Florida Federal Credit Union - Local Only
- 2.30% 12-Month CD & 2.10% Money Market at United Midwest Savings Bank in Ohio - Local Only
- 2.00% 5-Month CD & 2.25% 10-Month CD at Walden Savings Bank in New York - Local Only
- 2.35% 9-Month CD & 2.15% 5-Month CD at EDS Credit Union in Several States - Local Only
- 2.50% 24-Month CD & an Equity Index CD at BBVA Compass in Several States
- 2.25% 15-Month CD at Western Springs National Bank & Trust in Illinois - Local Only
- 2.25% 12-Month CD at United Western Bank in Colorado - Local Only
- 2.17% 12-Month Jumbo CD at Austin Telco FCU in Texas - Local Only
- 3.00% 36-Month Triple Option CD at Southern State Bank in Arkansas - Local Only
- 2.30% 17-Month CD at Bank of American Fork in Utah - Local Only
- 2.50% 12-Month CD at Valley National Bank Branch in New York City - 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 September 12, 2009
Checking/Savings/Money Market Accounts:
- 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
- Discover Bank - 2.00% Savings (min $500) 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
- Delta Community CU - 1.85% MMA (min $25K) 2.15% $100K+, account review
- American Express Bank - 1.85%, account review
- CNB Bank Direct - 1.85% account review
- Flagstar - 1.82% 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
- 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
- OneWest Bank - 1.75% (min $10K) 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)
- Intervest National Bank - 1.65% MMA (min $2.5K) account review
- Bank of Internet - 1.65% Advantage Savings (min $100) account review
- Bank of American Fork - 1.60% (min $1K) account review
- Capital One - 1.60% (Savings) (min $10K) 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
- Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
- Danversbank - 1.50% account review
- FNBO Direct - 1.50%, account review
- Seacoast Commerce Bank - 1.50% (min $25K) account review
- Grand Yield Direct - 1.50% (min $2.5K) account review
- Zions Bank - 1.46% MMA, outside of Utah, (min $2.5K) account review
- United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
- Bank Provident Online - 1.45% (min $10) account review
- HSBC Direct - 1.45% account review
- Bank of America NEA - 1.40% MMA ($500 min) (1.50% for $50K+) account review
- CapitalOne/Costco - 1.40% MMA (min $1K, Costco members only, $60 deal for exec. members)
- UmbrellaBank - 1.35% MMA (min $1K) 1.74% ($50K+) account review
- Corus Bank (now MB Financial) - 1.32% MMA (min $10K) account review
- Discover Bank - 1.30% MMA (min $2.5K) (1.55% $25K-$50K, 1.65% $50K-$100K) account review
- ING Direct - 1.30%, (0.25% checking), post ($25 bonus)
- EmigrantDirect - 1.30%, 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
- Capital One - 1.20% MMA, account review
- Amegy Bank - 1.20% (min $1K) 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
- 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
- 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
- ETrade Bank - 0.60%, account review
3-Month Certificates of Deposit:
- TotalBank - 1.85% (min $1K) account review
- Danversbank - 1.75% (4 mo) (min $500) account review
- Southeast Financial FCU - 1.45% (min $500) account review
- Consumers CU - 1.45% (min $500) account review
- FirstFedDirect - 1.45% (min $10K), 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
- America's CU - 2.00% (7 mo) (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
- Southeast Financial FCU - 1.75% (min $500) account review
- Consumers CU - 1.75% (7-mo) (min $250) (2.00% $100K+) account review
- FirstFedDirect - 1.75% (min $10K), account review
- Ally/GMAC Bank - 1.65% (min $0) account review
- Imperial Capital - 1.55% ($2K min), account review
- ING Direct - 1.55% account review
- Corus Bank (now MB Financial) - 1.53% (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
- UmbrellaBank - 1.85% (min $1K) account review
- Ally/GMAC Bank - 1.85% (min $0) No-Penalty, account review
- TotalBank - 1.85% (min $1K) account review
- Acacia Federal Savings Bank - 1.80% (10-mo) (min $500) account review
- OneWest Bank - 1.76% (min $5K) account review
- FirstFedDirect - 1.75% (min $10K) account review
- Imperial Capital - 1.71% ($2K min), account review
- NASA FCU - 1.65% (min $5K) account review
- Navy FCU - 1.65% ($10K min) restrictions to membership, account review
- 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 - 0.70% (min $5K), risk-free, rates vary by state (account review)
12-Month Certificates of Deposit:
- America's CU - 2.50% (13 mo) (min $500) account review
- Melrose CU - 2.27% (min $5K) account review
- FNCB Bank - 2.25% (15 mo) (min $5K) requires checking, 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
- Credit Union of Georgia - 2.17% (min $50K), account review
- Delta Community CU - 2.15% (min $1K) account review
- Alliant Credit Union - 2.15% (min $25K) account review
- UmbrellaBank - 2.15% (min $1K) account review
- Frontier Bank - 2.10% (min $50K) account review
- USAA Bank - 2.05% (15 mo) (min $1K) (2.36% $175K min) account review
- NewDominion Bank - 2.05% (min $3K) account review
- Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
- UFB Direct - 2.05% (min $8K)
- OneWest Bank - 2.05% (min $5K) account review
- Crane FCU - 2.02% (min $500) account review
- State Bank of India - 2.02% (min $5K) account review
- Franklin Synergy Bank - 2.01% account review
- Nationwide Bank - 2.00% (min $500) account review
- Southeast Financial FCU - 2.00% (min $500) account review
- BankUnited - 2.00% (min $5K) 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
- Ally/GMAC Bank - 2.00% (min $0) account review
- HSBC Direct - 2.00% (min $10) account review
- La Jolla Bank - 2.00% (min $10K), account review
- AIG Bank - 1.96% (min $2.5K) account review
- Golf Savings Bank - 1.95% (min $10K) account review
- Beacon Federal - 1.95% (15 mo) (min $2.5K) account review
- Discover Bank - 1.95% (min $2.5K) account review
- Acacia Federal Savings Bank - 1.95% (min $500) 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
- ING Direct - 1.85% account review
- Hudson City Savings - 1.85% (min $5K) account review
- TotalBank - 1.85% (min $1K) account review
- Corus Bank (now MB Financial) - 1.85% (min $10K) account review
- OneWest Bank/IndyMac - 1.80% (min $5K) liquid CD, account review
- Equity Bank - 1.80% (min $1K) account review
- Seacoast Commerce Bank - 1.78% (min $10K) account review
- ISN Bank - 1.77% (min $1K) 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
- Fifth Third - 1.60% (15 mo) (min $5K) not all states, account review
- Northwest FCU - 1.57% (min $500) add-on, account review
- TriState Capital Direct - 1.50% (min $95K) account review
- Bank of America DOW - 1.50% (min $1K) account review
- Citibank - 1.50% (min $500)
- State Farm Bank - 1.49% (min $500) account review
- Bank of America - 1.35% (min $5K) rates vary by state, account review
- United Central Bank - 1.25% (min $1K) account review
18-Month Certificates of Deposit:
- America's CU - 2.75% (19 mo) (min $500) account review
- 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
- NASA FCU - 2.25% (min $5K) account review
- Southeast Financial FCU - 2.25% (min $500) account review
- Navy FCU - 2.25% ($10K min) restrictions to membership, account review
- FNCB Bank - 2.25% (min $5K) requires checking, account review
- Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
- DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 9/12 account review
- Nationwide Bank - 2.20% (min $500) account review
- Alliant Credit Union - 2.15% (min $25K) account review
- Citibank (in-branch) - 2.10% (min $2.5K) not all states, account review
- OneWest Bank - 2.10% (min $5K) account review
- NewDominion Bank - 2.09% (min $3K) account review
- AIG Bank - 2.06% (min $2.5K) account review
- Discover Bank - 2.05% (min $2.5K), account review
- Ally/GMAC Bank - 2.05% (min $0) account review
- UmbrellaBank - 2.05% (min $1K), account review
- Equity Bank - 2.03% (min $1K) account review
- Citibank - 2.00% (min $500)
- Consumers CU - 2.00% (16-mo) (min $250) (2.25% $100K+) account review
24-Month Certificates of Deposit:
- America's CU - 3.00% (25 mo) (min $500) account review
- Crane FCU - 2.78% (25 mo) (min $500) account review
- Melrose CU - 2.52% (min $5K) account review
- Frontier Bank - 2.50% (min $50K) account review
- Tennessee Commerce Bank - 2.50% (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
- E-LOAN - 2.37% ($10K min) account review
- Southeast Financial FCU - 2.35% (min $500) account review
- Discover Bank - 2.35% (min $2.5K) account review
- NewDominion Bank - 2.35% (min $3K) account review
- Ally/GMAC Bank - 2.35% (min $0) account review
- American Express Bank - 2.35% (min $0) account review
- OneWest Bank/IndyMac - 2.35% (min $5K) account review
- State Bank of India - 2.32% (min $5K) account review
- EverBank - 2.30% ($1.5K min) account review
- Alliant Credit Union - 2.30% (min $25K) account review
- BankUnited - 2.30% (min $5K) account review
- ISN Bank - 2.28% (min $1K) account review
- Fifth Third - 2.26% (min $5K) not all states, account review
- AIG Bank - 2.26% (min $2.5K) account review
- Equity Bank - 2.26% (min $1K) account review
- TriState Capital Direct - 2.25% (min $95K) account review
- MetLife Bank - 2.25% (min $25K) account review
- Bank of America DOW - 2.25% (min $1K) account review
- Northwest FCU - 2.25% (min $500) add-on, account review
- Citibank (in-branch) - 2.25% (min $2.5K) not all states, 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
- Frontier Bank - 2.80% (min $50K) 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
- Acacia Federal Savings Bank - 2.75% (min $500) 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 - 2.61% (min $2.5K) account review
- Tennessee Commerce Bank - 2.60% (min $5K) account review
- Nationwide Bank - 2.55% (min $500) account review
- Equity Bank - 2.51% (min $1K) account review
- Pentagon Federal CU - 2.50% (min $1K), account review
- H&R Block Bank - 2.50% (min $250) account review
- Agriculture FCU - 2.40% (min $1K) account review
- Bank of Internet - 2.25% (min $1K) account review
- Northrop Grumman FCU - 2.16% (min $40K), 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
- Golf Savings Bank - 3.15% (min $10K) account review
- Discover Bank - 3.10% (min $2.5K) account review
- Frontier Bank - 3.00% (min $50K) account review
- Alliant Credit Union - 3.00% (min $25K) account review
- Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
- Acacia Federal Savings Bank - 3.00% (min $500) 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
- USAA Bank - 2.85% (min $1K) (3.15% $175K min) account review
- Pentagon Federal CU - 2.75% (min $1K), account review
- Third Federal - 2.75% (min $500) account review
- Equity Bank - 2.73% (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:
- Melrose CU - 3.91% (min $5K) account review
- Apple FCU - 3.80% (min $50K) account review
- Citibank (in-branch) - 3.75% (min $2.5K) not all states account review
- Northwest FCU - 3.63% (min $25K) account review
- USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
- NASA FCU - 3.50% (55 mo) (min $5K) account review
- iGobanking - 3.50% (min $500), account review
- BankUnited - 3.50% (min $5K) account review
- Citibank - 3.50% (min $500) 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
- Mountain America CU - 3.40% (min $1K) account review
- Acacia Federal Savings Bank - 3.40% (min $500) account review
- Discover Bank - 3.35% (min $2.5K) account review
- State Bank of India - 3.34% (min $5K) account review
- Dime Savings Bank - 3.30% (min $500) account review
- Ally/GMAC Bank - 3.30% (min $0) account review
- Intervest - 3.27% (min $2.5K), account review
- Frontier Bank - 3.25% (min $50K) account review
- Connexus CU - 3.25% (min $1K) account review
- American Express Bank - 3.25% (min $0) 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 - 3.05% ($1.5K min) account review
- Credit Union of Georgia - 3.04% (min $50K), account review
- Pentagon Federal CU - 3.00% (min $1K), 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
- Equity Bank - 2.99% (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 - 2.22% (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 - 3.55% (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
Recent CD Specials at Local Credit Unions and Banks
- Alabama deals and CD rates
- Alaska deals and CD rates
- Arizona deals and CD rates
- Arkansas deals and CD rates
- California deals and CD rates
- Colorado deals and CD rates
- Connecticut deals and CD rates
- Delaware deals and CD rates
- District of Columbia deals and CD rates
- Florida deals and CD rates
- Georgia deals and CD rates
- Hawaii deals and CD rates
- Idaho deals and CD rates
- Illinois deals and CD rates
- Indiana deals and CD rates
- Iowa deals and CD rates
- Kansas deals and CD rates
- Kentucky deals and CD rates
- Louisiana deals and CD rates
- Maine deals and CD rates
- Maryland deals and CD rates
- Massachusetts deals and CD rates
- Michigan deals and CD rates
- Minnesota deals and CD rates
- Mississippi deals and CD rates
- Missouri deals and CD rates
- Montana deals and CD rates
- Nebraska deals and CD rates
- Nevada deals and CD rates
- New Hampshire deals and CD rates
- New Jersey deals and CD rates
- New Mexico deals and CD rates
- New York deals and CD rates
- North Carolina deals and CD rates
- North Dakota deals and CD rates
- Ohio deals and CD rates
- Oklahoma deals and CD rates
- Oregon deals and CD rates
- Pennsylvania deals and CD rates
- Rhode Island deals and CD rates
- South Carolina deals and CD rates
- South Dakota deals and CD rates
- Tennessee deals and CD rates
- Texas deals and CD rates
- Utah deals and CD rates
- Vermont deals and CD rates
- Virginia deals and CD rates
- Washington State deals and CD rates
- West Virginia deals and CD rates
- Wisconsin deals and CD rates
- Wyoming deals and CD rates
Bank Account Alternatives
- GE Interest Plus - 2.15% rate for $50k+
- Fidelity Money Market Fund - 0.28% 7-day yield (reviews on Fatwallet)
- Vanguard Prime Money Market Fund - 0.22% 7-day yield
- Vanguard Tax-Exempt Money Market Fund - 0.17% 7-day yield
- Paypal Money Market Fund - 0.06% 7-day yield (1% cashback debit MasterCard)
- Fidelity Municipal Money Market Fund - 0.01% 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)
Featured Savings Account
Nationwide Savings Accounts
Related Posts
Anonymous - #1, Thursday, September 17, 2009 - 2:31 PM
Corus Bank update - MB Financial, new owner of Corus Bank, has reduced all out-of-state CD's to a rate of 0.05%! Guess they're going entirely local. Pulled our money out today.
Anonymous - #2, Friday, September 18, 2009 - 12:42 PM
Re Northwest Federal Credit Union (easy membership): I just opened a jumbo 60 month CD at 3.97%; .025%of this rate is the result of being age 62 which gives one free membership into their Heritage Club; the 60 mo. jumbo rate for the younger investor then is 3.72% (down from 3.74% last week)which is still very good. The same rate applies to IRA's. We have another CD with them and have been very pleased with the customer service and had no problem opening either CD. Rates may change on Tuesdays.
Also,America's Credit Union promotional (bump/flex) is, alas, not available for IRA's and their IRA CD rates are lousy.
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