Bank Deals Weekly Summary for September 19, 2009

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

The two banking subsidiaries of Irwin Financial Corporation were closed on Friday by regulators, and the FDIC arranged for First Financial Bank to assume all of the deposits (see post). Irwin Union Bank had offered several CD promotions in the last year. The best recent one was the 11-month CD with a 22-inch LCD TV.

Friday was actually fairly quiet compared to previous Fridays with just two bank closures. For the last few months, there have been between 3 and 7 bank failures each Friday. This is probably not a start of a trend. As this BusinessWeek article describes, the pace of bank failures will likely increase.

Irwin Union Bank customers will have to wait and see what First Financial Bank will decide on existing CD rates. As I described on Monday, MB Financial is making big cuts to rates on Corus Bank accounts. Corus Bank was closed on September 11th, and its deposits were assumed by MB Financial.

On Wednesday the government released August Consumer Price Index (CPI) numbers (see article). The CPI rose 0.4% in August. This was slightly higher than expected, but it's low enough for the Fed to continue its monetary policy with very low interest rates. The Federal Reserve will be having their FOMC meeting on Tuesday and Wednesday, and it's likely we won't see any changes. As this CNN article describes:

a majority of forecasts don't show stabilization until the end of the year or beginning of 2010. Until then, the Fed is likely to keep rates unchanged so it doesn't disrupt what appear to be the underpinnings of an economic rebound.

Savings Account Rates

We lost another 2-percent savings account this week. UFB Direct cut the rate on its US Savings Account from 2% to 1.85% APY. UFB Direct claims that it guarantees this rate will remain in the top 10% of competitive accounts as tracked on Bankrate.com National Index. UFB Direct has a history of slashing rates on its savings accounts and creating new savings accounts with competitive rates. We'll see if this top-10% guarantee really changes things.

There are now only two nationwide savings accounts with non-promo rates significantly above 2%. One is from Tennessee Commerce Bank which offers 2.30% APY on its TCB Savings Account (see review). As I mentioned in previous weeks, this TCB Savings Account has some issues.

The other one is an internet savings account offered by ShoreBank. The rate is 2.15% APY. Unfortunately, ShoreBank is having financial difficulties as can be seen in this July cease and desist order from the FDIC. I have more info on ShoreBank's financial health and a review of this account in this post.

There's technically a third nationwide savings account with a non-promo rate that's significantly above 2%. It's SFGI Direct which is offering a savings account with a 2.25% APY. However, in August it stopped accepting new applications, and this continues.

You may want to give up a little rate for a better account and bank. One good option is Alliant Credit Union which offers a 2% savings account (see post). Rates only change at the start of each month. We should soon know if Alliant will keep this 2% into October.

Other than the rate cut at UFB Direct, there was only one other bank to cut savings account rates this week. So that's a good sign that we may be nearing a bottom for interest rates. Below is the list of rate changes for this week.

Rate Hikes:

1. None

Rate Drops:

1. UFB Direct US Savings - 1.85% (was 2.00%)
2. Savings Square Savings - 1.55% (was 1.70%)

Certificate of Deposit Rates

The best new CD deal this week came from MetLife Bank which is offering a special 12-month CD with a 2.25% APY (see post).

One good nationwide CD deal that I first reported on 10 days ago is still available. It's from America's Credit Union which is offering four very competitive special CD rates ranging from 2% APY for a 7-month term to 3% APY for a 25-month term. These CDs also allow limited add-on deposits (see post).

For Georgia residents, there's a hot CD deal that's still available at Darby Direct, but the deal is scheduled to end on September 23rd. It's a 3-year CD that starts off with a 3% APY for the first year, 4% the second and 5% for the third. Not only are these very competitive rates, the CD also allows penalty-free early withdrawals after the first and second year (see post).

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

Best Nationwide CD Deals as of 9/1909: 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. 2.00% 7-mo CD at America's CU (account review)
5. 2.50% 13-mo CD at America's CU (account review)
6. 2.36% 15-mo CD $175K min, 2.05% $1K min at USAA Bank (account review)
7. 2.27% 12-mo CD at Melrose CU (account review)
8. 2.75% 19-mo CD at America's CU (account review)
9. 2.25% 16-mo CD at DollarSavingsDirect (account review)
10. 2.25% 18-mo CD at NASA FCU (account review)
11. 3.00% 25-mo CD at America's CU (account review)
12. 2.78% 25-mo CD at Crane FCU (account review)
13. 3.50% 55-mo CD at NASA FCU (account review)
14. 3.91% 60-mo CD at Melrose CU (account review)
15. 3.70% 60-mo CD at Apple FCU (account review)
16. 3.50% 60-mo CD at iGObanking (account review)
17. 3.50% 60-mo CD at Citibank online & in-branch in some states (account review)
18. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 9/19/09: Some of the best CD deals are from banks and credit unions that don't offer accounts nationwide. Refer to the recap section and the state index section to find all the recent local deals. Here are some of the best deals to note.

1. 2.25% 7-mo CD & 2.40% 11-mo CD at Fort Knox FCU in KY (account review)
2. 2.25% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
3. 2.59% 10-mo CD at Altana FCU in MT (account review)
4. 3.00% 15-mo CD at Bartow County Bank in GA (account review)
5. 3.00% 12-mo & 3.25% 24-mo CD at Jefferson Financial CU in Louisiana (account review)
6. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
7. 2.50% 12-mo CD at Valley National Bank at Some NYC branches (account review)
8. 2.50% 12-mo CD at Eastman CU in Several States (account review)
9. 2.40% 15-mo CD & 2% 6-mo CD at Southern Commerce Bank in FL (account review)
10. 2.38% 12-mo CD at First Choice Bank in CA (account review)
11. 2.65% 18-mo CD & 2.40% 11-mo CD at Island FCU in NY (account review)
12. 2.75% 24-mo CD at First Priority CU in MA (account review)
13. 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
14. 4.00% 36-mo Liquid CD & 2.75% 18-mo CD at Darby Direct in GA (account review)
15. 3.25% 42-mo CD & 2.50% 23-mo CD at Regions Bank in Several States (account review)
16. 4.15% 60-mo CD at Neighborhood CU in TX (account review)
17. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
18. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)

Reward Checking Accounts

I reported on seven new reward checking accounts this week with rates ranging from 3.50% to 5.01% APY. All are local deals. The number of banks offering reward checking accounts continues to increase. Many banks are cutting rates on their reward checking accounts, but rates remain much higher than online savings account rates. There are still many nationwide reward checking accounts with rates of 4.00%. With most savings account rates under 2%, I don't know how long these 4% reward checking accounts will last. Even if they fall to 3%, that's still way above 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. Note, I'm in the process of updating rates.

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

Banking News

• Irwin Union Banks Closed by Regulators, First Financial Bank Assumes All Deposits
• MB Financial's Plans for Corus Bank Deposits
• Follow-Up on Credit Unions Converting from Federal to Private Insurance

CD Deals - National

• 4.07% 18-Month CD ($25K Max) Continues at Citibank via its Secured MasterCard Program
• 2.06% 12-Month CD and a Special 5% 5-Month CD ($5K Max) at People's Trust FCU in Houston - Easy Membership
• 2.25% 12-Month CD at Metlife Bank - Available Nationwide
• 2.14% 14-Month CD at Stonebridge Bank in PA - Nationally Available

Checking/Savings Bonuses

• $300 Checking Account Bonus at Dime Bank in New York
• 2.00% Money Market Account and $200 Checking Account Bonus at Investors Savings Bank in NJ - Local Only
• US Bank's New Savings START Program and Review of Other Savings Programs
• Update on ING Direct's Electric Orange $50 Promotion
• $100 Checking Account Bonus at Bank of America

Reward Checking Accounts

• 3.50% Reward Checking Account at Scituate Federal Savings in MA - Local Only
• 4.34% Reward Checking Account at First National Bank of Trenton in TX - Local Only
• 5.00% Reward Checking Account at Texas Heritage National Bank - Local Only
• 5.00% Reward Checking Account at Bank of Edwardsville in Illinois - Local Only
• 4.01% Reward Checking Account at University Credit Union in Maine - Local Only
• 5.01% Reward Checking Account at Carter FCU in LA & AR - Local Only
• 5.01% Reward Checking Account at Waterbury Connecticut Teachers FCU - Local Only

CD and Money Market Deals - Local

• 2.75% 24-Month CD & 3.00% 36-Month CD at First Priority Credit Union in MA - Local Only
• 2.17% 12-Month CD at Town & Country Bank in Las Vegas - Local Only
• 2.24% 12-Month CD & 2.72% 24-Month CD at City Bank - Washington State Only
• 3.00% Savings Account at South Central Bank of Hardin County in Kentucky - Local Only
• 2.50% 14-Month CD at Credit Unions United in Kansas - Local Only
• 2.25% 15-Month CD at Lincoln Federal Savings Bank in Nebraska - Local Only
• 2.22% 13-Month CD at Great Western Bank in Colorado - Local Only
• 2.10% 11-Month CD at Jeanne D'Arc Credit Union in MA & NH - Local Only
• 2.38% 12-Month CD at First Choice Bank in California - Local Only
• 2.25% 12-Month CD & 2.75% 24-Month CD at Bank of Oswego in Oregon - Local Only
• 2.00% 6-Month CD & 2.20% 12-Month CD at Communication FCU in OK - Local Only
• 2.17% 12-Month CD at FirsTier Bank in Colorado - Local Only
• 2.29% 18-Month CD & 2.09% 12-Month CD at First Entertainment Credit Union in California - 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 19, 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
• 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
• American Express Bank - 1.85%, account review
• Delta Community CU - 1.85% MMA (min $25K) 2.15% $100K+, account review
• UFB Direct - 1.85%, account review
• Flagstar - 1.81% 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
• OneWest Bank - 1.75% (min $10K) 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
• 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
• 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
• Savings Square - 1.55%, account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• Grand Yield Direct - 1.50% (min $2.5K) account review
• Seacoast Commerce Bank - 1.50% (min $25K) account review
• FNBO Direct - 1.50%, account review
• Danversbank - 1.50% 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
• 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
• UmbrellaBank - 1.35% MMA (min $1K) 1.74% ($50K+) account review
• EmigrantDirect - 1.30%, account review
• ING Direct - 1.30%, (0.25% checking), post ($25 bonus)
• 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
• Amegy Bank - 1.20% (min $1K) account review
• Capital One - 1.20% MMA, account review
• Imperial Capital - 1.16% MMA ($2.5K min) (1.35% 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

3-Month Certificates of Deposit:

• TotalBank - 1.85% (min $1K) account review
• Danversbank - 1.75% (4 mo) (min $500) account review
• Consumers CU - 1.45% (min $500) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• UFB Direct - 1.35% (min $8K)
• Wilshire State Bank - 1.26% (min $1K) account review
• Imperial Capital - 1.26%, ($2K min), account review
• Ally/GMAC Bank - 1.25% (min $0) account review
• FirstFedDirect - 1.25% (min $10K), account review
• UmbrellaBank - 1.00% (min $1K) account review

6-Month Certificates of Deposit:

• America's CU - 2.00% (7 mo) (min $500) account review
• 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
• Consumers CU - 1.75% (7-mo) (min $250) (2.00% $100K+) account review
• Southeast Financial FCU - 1.75% (min $500) account review
• FirstFedDirect - 1.70% (min $10K), account review
• Ally/GMAC Bank - 1.65% (min $0) account review
• ING Direct - 1.55% account review
• Wilshire State Bank - 1.51% (min $1K) account review
• Imperial Capital - 1.51% ($2K min), 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

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• TotalBank - 1.85% (min $1K) account review
• Ally/GMAC Bank - 1.85% (min $0) No-Penalty, account review
• UmbrellaBank - 1.85% (min $1K) account review
• Acacia Federal Savings Bank - 1.80% (10-mo) (min $500) account review
• OneWest Bank - 1.75% (min $5K) account review
• FirstFedDirect - 1.70% (min $10K) account review
• Imperial Capital - 1.66% ($2K min), account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• NASA FCU - 1.65% (min $5K) 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
• MetLife Bank - 2.25% (min $25K) 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
• Stonebridge Bank - 2.14% (14 mo) (min $500) account review)
• Frontier Bank - 2.10% (min $50K) account review
• OneWest Bank - 2.05% (min $5K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• NewDominion Bank - 2.05% (min $3K) account review
• USAA Bank - 2.05% (15 mo) (min $1K) (2.36% $175K min) account review
• State Bank of India - 2.02% (min $5K) account review
• Crane FCU - 2.02% (min $500) account review
• Franklin Synergy Bank - 2.01% account review
• La Jolla Bank - 2.00% (min $10K), 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
• BankUnited - 2.00% (min $5K) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Nationwide Bank - 2.00% (min $500) account review
• UFB Direct - 2.00% (min $8K)
• AIG Bank - 1.96% (min $2.5K) account review
• Acacia Federal Savings Bank - 1.95% (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
• TotalBank - 1.85% (min $1K) account review
• Hudson City Savings - 1.85% (min $5K) account review
• ING Direct - 1.85% account review
• HSBC Direct - 1.85% (min $10) account review
• Equity Bank - 1.82% (min $1K) account review
• Imperial Capital - 1.81% ($2K min), account review
• OneWest Bank/IndyMac - 1.80% (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
• 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 - 1.56% (min $500) add-on, account review
• Bank of America DOW - 1.50% (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
• Security Savings Bank - 2.30% (min $500) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 9/19 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
• NewDominion Bank - 2.09% (min $3K) account review
• Equity Bank - 2.06% (min $1K) account review
• AIG Bank - 2.06% (min $2.5K) 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 (in-branch) - 2.00% (min $2.5K) not all states, account review
• OneWest Bank - 1.90% (min $5K) account review
• Citibank - 1.75% (min $500)

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
• Northrop Grumman FCU - 2.45% (min $40K), 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
• Tennessee Commerce Bank - 2.40% (min $5K) account review
• E-LOAN - 2.37% ($10K min) 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
• State Bank of India - 2.32% (min $5K) account review
• Equity Bank - 2.30% (min $1K) account review
• BankUnited - 2.30% (min $5K) account review
• Alliant Credit Union - 2.30% (min $25K) account review
• ISN Bank - 2.28% (min $1K) account review
• Northwest FCU - 2.26% (min $500) add-on, account review
• AIG Bank - 2.26% (min $2.5K) account review
• Fifth Third - 2.26% (min $5K) not all states, account review
• Citibank (in-branch) - 2.25% (min $2.5K) not all states, account review
• Bank of America DOW - 2.25% (min $1K) account review
• MetLife Bank - 2.25% (min $25K) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• OneWest Bank/IndyMac - 2.25% (min $5K) account review
• Consumers CU - 2.20% (22-mo) (min $250) (2.45% $100K+) account review
• EverBank - 2.20% ($1.5K min) account review
• iGobanking - 2.12% (min $500), account review
• Seacoast Commerce Bank - 2.08% (min $10K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• UFB Direct - 2.00% (min $8K)

36-Month Certificate of Deposit:

• Melrose CU - 3.03% (min $5K) account review
• Flagstar - 3.00% (min $500), 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
• Acacia Federal Savings Bank - 2.75% (min $500) 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 - 2.61% (min $2.5K) account review
• Tennessee Commerce Bank - 2.60% (min $5K) account review
• Equity Bank - 2.55% (min $1K) account review
• Nationwide Bank - 2.55% (min $500) 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
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.17% (min $40K), account review

48-Month Certificate of Deposit:

• Melrose CU - 3.39% (min $5K) account review
• Flagstar - 3.25% (min $500), account review
• BankUnited - 3.25% (min $5K) account review
• Intervest - 3.20% (min $2.5K), account review
• Discover Bank - 3.10% (min $2.5K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) 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
• USAA Bank - 2.85% (min $1K) (3.15% $175K min) account review
• Ally/GMAC Bank - 2.85% (min $0) account review
• Nationwide Bank - 2.85% (min $500) account review
• Equity Bank - 2.78% (min $1K) account review
• Third Federal - 2.75% (min $500) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• Tennessee Commerce Bank - 2.70% (min $5K) account review
• Golf Savings Bank - 2.50% (min $10K) account review
• KeyDirect - 2.40% (min $5K), 2.50% w/chk, Not all states, 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 - 3.70% (min $50K) account review
• Northwest FCU - 3.62% (min $25K) account review
• USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
• Citibank - 3.50% (min $500) account review
• BankUnited - 3.50% (min $5K) account review
• iGobanking - 3.50% (min $500), account review
• NASA FCU - 3.50% (55 mo) (min $5K) account review
• Citibank (in-branch) - 3.50% (min $2.5K) not all states account review
• Flagstar - 3.50% (min $500), account review
• Gateway Regional CU - 3.45% (min $1K) restrictions to membership, account review
• Acacia Federal Savings Bank - 3.40% (min $500) 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
• 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
• Agriculture FCU - 3.15% (min $1K), account review
• Navy FCU - 3.10% ($20K min) (3.25% for $100K+) restrictions to membership, account review
• Equity Bank - 3.05% (min $1K) account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• EverBank - 3.01% ($1.5K min) 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 - 2.19% (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
• 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 - 0.26% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.21% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.17% 7-day yield
• Paypal Money Market Fund - 0.05% 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)