Bank Deals Weekly Summary for September 26, 2009

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

The Fed had another FOMC meeting this week, and as expected it "continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period." As I described in my FOMC post, we may have to live with very low interest rates for several years. When the FOMC has to start hiking rates, it may do so much faster than what we saw in 2004 through 2006. As this WSJ article describes, Fed "officials are considering aggressive rate increases once they are convinced a durable recovery is on track and decide to take steps to head off inflation."

Only one bank failed yesterday. Like most of the bank failures this year, the FDIC arranged for another bank to assume all deposits. The only concern for depositors will be what happens to their existing CDs (see post). Banks that have been assuming deposits of failed banks haven't been too kind with existing CD holders. MB Financial closed Corus Bank CDs for non-Illinois customers and mailed them checks (see post). First Financial Bank which assumed Irwin Union Bank deposits on September 18th just announced that they'll reduce all CD rates to 1.50% effective 9/24/09 (see post).

Savings Account Rates

It appears we lost another top online savings account. Tennessee Commerce Bank is no longer listing the TCB Savings account in its rate table. In addition, they removed it as an account selection from their online application. I'll have to call on Monday to find out what happened, but it doesn't look good. The TCB Savings account had a rate of 2.30% APY which was on top of my nationwide non-promo savings account rate.

Update 9/28/09: I received confirmation from the bank that they are no longer opening new TCB Savings Accounts. The account continues to pay 2.30% APY for existing customers. Refer to this post for more details.

If TCB Savings account is no longer available, this puts ShoreBank's internet savings account on top of the list with a 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 was some good news this week. I received confirmation that Alliant Credit Union will keep the rate on its savings account at 2.00% APY through October (see post).

Rate Hikes:

1. Union Federal Savings MMA - 1.80% (was 1.75%)

Rate Drops:

1. Tennessee Commerce Bank Savings - No longer listed
2. 1st Constitution Bank Savings (3mo promo) - 2.00% (was 2.05%)
3. Nationwide Bank MMA - 1.70% (was 1.80%)
4. Heartland Bank Direct Savings - 1.65% (was 1.76%)
5. Bank of American Fork Savings - 1.50% (was 1.60%)
6. TotalBank e-Savings - 1.25% (was 1.55%)
7. HSBC Direct Savings - 1.35% (was 1.45%)
8. Imperial Capital MMA - 1.16% (was 1.19%)

Certificate of Deposit Rates

In addition to the good news from Alliant Credit Union regarding its savings account, there was also good news about its CD rates. Alliant increased rates on all of its terms. Alliant now offers very competitive rates on its 12-, 18- and 24-month CDs (see post).

MetLife Bank continues to offer its special 12-month CD with a 2.25% APY for a minimum deposit of $25,000 (see post).

On the downside, we lost some great deals at America's Credit Union which had been offering rates as high as 3% for its 25-month CD. However, it's still offering a very competitive 2% APY 7-month CD (see post).

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

Best Nationwide CD Deals as of 9/26/09: 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. 2.00% 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. 2.30% 12-mo CD at Alliant CU (account review)
6. 2.27% 12-mo CD at Melrose CU (account review)
7. 2.25% 12-mo CD at MetLife Bank (account review)
8. 2.25% 16-mo CD at DollarSavingsDirect (account review)
9. 2.40% 18-mo CD at Alliant CU (account review)
10. 2.25% 18-mo CD at NASA FCU (account review)
11. 2.55% 24-mo CD at Alliant CU (account review)
12. 3.00% 36-mo CD at Alliant CU (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 (account review)
18. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 9/26/09: Some of the best CD deals are from banks and credit unions that don't offer accounts nationwide. Refer to the recap section and the state index section to find all the recent local deals. Here are some of the best deals to note.

1. 2.50% 6-mo CD & 2.75% 12-mo CD at Atlanta Postal CU in GA (account review)
2. 2.25% 7-mo CD & 2.40% 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. 2.59% 10-mo CD at Altana FCU in MT (account review)
5. 3.00% 12-mo CD & 2.70% 6-mo CD at 1st Commonwealth Bank if Virginia (account review)
6. 3.00% 15-mo CD at Bartow County Bank in GA (account review)
7. 2.58% 12-mo CD at Fort Bragg FCU in NC (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. 2.50% 15-mo CD at Dupaco Community CU in IA, IL & WI (account review)
13. 2.50% 17-mo CD at MoreBank in Philadelphia (account review)
14. 2.40% 18-mo CD at Signature Bank in NY, NY (account review)
15. 3.04% 24-mo CD at Icon Bank in Houston (account review)
16. 2.78% 25-mo CD at Crane FCU in IN (account review)
17. 2.75% 24-mo CD at First Priority CU in MA (account review)
18. 3.25% 27-mo CD & 2.50% 15-mo CD at Enterprise Bank of SC (account review)
19. 3.25% 42-mo CD & 2.50% 23-mo CD at Regions Bank in Several States (account review)
20. 4.15% 60-mo CD at Neighborhood CU in TX (account review)
21. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
22. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)

Reward Checking Accounts

I reported on six new reward checking accounts this week with rates ranging from 3.00% to 5.01% APY. All but one are local deals. The nationwide deal is the one with a 3% APY, but the reward checking account has a higher than average cap of $50K.

As we've seen this year, good deals in nationally available reward checking accounts don't last long. We've seen many cases of banks cutting rates, reducing caps and eliminating nationwide availability. Recent examples include State Bank of Toledo's rate cut from 3.01% to 2.51%, West Bank's scheduled balance cap reduction from $50K to $30k and the new-account restrictions put in place by Commonwealth Bank & Trust Company and Heartland Community Bank.

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

• 95th Bank Failure of 2009 and Other FDIC and NCUA News
• Fed Leaves Rates Unchanged: When Will the Fed Start Hiking?
• Non-Illinois Corus Bank Depositors Report Harsh Treatment by MB Financial

CD Deals - National

• Alliant Credit Union Increases CD Rates, Holds Savings Account Rate Steady - Available Nationwide
• Nationwide Liquid Certificates of Deposit
• Review of Liquid Certificates of Deposit - Gimmicks or Worthwhile Deals?
• Important Features and Potential Issues of Certificates of Deposit
• Tips for Those With Maturing CDs at PenFed and Other Credit Unions

Checking/Savings Bonuses

• $100 TD AMERITRADE Deposit Account Bonus
• $100 Checking/Savings Account Bonus at Sovereign Bank in the Northeast States

Reward Checking Accounts

• 3.00% Reward Checking Account with a $50K Cap at North Country Savings Bank - Available Nationwide
• 4.00% Reward Checking Account at GENCO FCU in Texas - Local Only
• 3.50% Reward Checking Account at Entrust Federal Credit Union in Virginia - Local Only
• 5.01% Reward Checking Account at First National Bank of Syracuse in Kansas - Local Only
• 4.00% Reward Checking Account at Cambridge Savings Bank - Massachusetts Only
• 5.01% Reward Checking Account at Girard National Bank in KS & CO - Local Only

CD and Money Market Deals - Local

• 2.01% 10-Month CD at Charter Bank in New Mexico - Local Only
• 2.30% 15-Month CD & Other Competitive CD Rates at Magnify Credit Union in FL - Local Only
• 3.80% 60-Month CD at PrimeWay Federal Credit Union in Houston - Local Only
• 2.50% 17-Month CD at MoreBank in Philadelphia - Local Only
• 3.25% 8-Month CD at Pentucket Bank in MA & NH - ENDS ON 9/26
• 2.40% 18-Month CD & Other Competitive CD Rates at Signature Bank in New York City - Local Only
• 3.00% 12-Month CD at Xceed Financial Credit Union in California - ENDS ON 9/26
• 2.19% 6-Month CD & 2.39% 12-Month CD at Gogebic Range Bank in Michigan - Local Only
• 3.00% 12-Month CD & 2.70% 6-Month CD at 1st Commonwealth Bank of Virginia - Local Only to DC Metro Area
• 2.75% 29-Month CD at American Eagle Bank of Chicago - Local Only
• 2.20% 12-Month CD in MA & 2.20% 18-Month CD in FL at Trustco Bank - Local Only
• 3.04% 24-Month CD at Icon Bank in Houston - Local Only
• 2.50% 15-Month CD & 3.09% Savings Account at Dupaco Community Credit Union in IA, IL & WI - Local Only
• 2.00% 6-Month CD & 2.20% 12-Month CD at Marquis Bank in South Florida - Local Only
• 2.30% 12-Month CD at CoVantage Credit Union in WI & MI - Local Only
• 2.50% 24-Month CD and Competitive Savings Account at Hudson City Savings Bank - Available Nationwide
• 3.25% 42-Month CD & 2.50% 23-Month CD at Regions Bank in Several States
• 2.50% 6-Month CD and other Competitive CD Rates at Atlanta Postal Credit Union - 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 26, 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
• SFGI Direct - 2.25% temporarily not accepting new customers ($25 min) account review
• ShoreBank - 2.15%, 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
• ProvidentNJ Direct - 2.00% (min $50), 3 mo promo (1.50% $10K+ stnd) account review
• 1st Constitution Direct - 2.00% (min $100), 3 mo promo (1.96% $10K+ stnd) account review
• UFB Direct - 1.85%, 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 - 1.81% MMA, account review
• Union Federal Savings - 1.80% account review
• First Trade Union Bank - 1.80% ($2.5K min) account review
• Newtown Savings Bank - 1.80%, account review
• Centennial Bank - 1.77% ($50K min), 2.02% ($100K 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
• Clear Sky Accounts - 1.75% account review
• OneWest Bank - 1.75% (min $10K) account review
• Ally/GMAC Bank - 1.70% MMA account review
• Bank of Internet - 1.70% MMA (min $100) account review
• DollarSavingsDirect - 1.70% ($1K min) account review
• Nationwide Bank - 1.70% MMA (min $1K) 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
• Heartland Bank Direct - 1.65% ($500 min), account review
• Capital One - 1.60% (Savings) (min $10K) account review
• ADB Bank - 1.60% account review
• E-LOAN - 1.55% Savings Plus (min $5K) other requirements, account review
• Savings Square - 1.55%, 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
• 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
• Bank of American Fork - 1.50% (min $1K) 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
• 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
• HSBC Direct - 1.35% 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
• TotalBank - 1.25% (min $1K) account review
• Capital One - 1.20% MMA, account review
• Amegy Bank - 1.20% (min $1K) account review
• Imperial Capital - 1.19% MMA ($2.5K min) (1.39% 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:

• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• Consumers CU - 1.45% (min $500) account review
• UFB Direct - 1.35% (min $8K)
• Imperial Capital - 1.28%, ($2K min), account review
• Wilshire State Bank - 1.26% (min $1K) account review
• FirstFedDirect - 1.25% (min $10K), 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
• 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
• La Jolla Bank - 1.75% (min $10K), account review
• FirstFedDirect - 1.70% (min $10K), account review
• Ally/GMAC Bank - 1.65% (min $0) account review
• TotalBank - 1.65% (min $1K) account review
• E-LOAN - 1.60% ($10K min) account review
• ING Direct - 1.55% account review
• Imperial Capital - 1.52% ($2K min), account review
• Wilshire State Bank - 1.51% (min $1K) account review
• UmbrellaBank - 1.50% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• Excel National Bank - 1.00% (min $10K) 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
• Acacia Federal Savings Bank - 1.80% (10-mo) (min $500) account review
• E-LOAN - 1.76% ($10K min) account review
• OneWest Bank - 1.75% (min $5K) account review
• FirstFedDirect - 1.70% (min $10K) account review
• Imperial Capital - 1.68% ($2K min), account review
• NASA FCU - 1.65% (min $5K) account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• TotalBank - 1.65% (min $1K) account review
• Ally/GMAC Bank - 1.60% (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:

• Alliant Credit Union - 2.30% (min $25K) 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
• MetLife Bank - 2.25% (min $25K) account review
• Credit Union of Georgia - 2.17% (min $50K), account review
• Delta Community CU - 2.15% (min $1K) account review
• UmbrellaBank - 2.15% (min $1K) account review
• America's CU - 2.15% (13 mo) (min $500) account review
• Frontier Bank - 2.10% (min $50K) account review
• State Bank of India - 2.07% (min $5K) account review
• NewDominion Bank - 2.05% (min $3K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• OneWest Bank - 2.05% (min $5K) account review
• Northpointe Bank - 2.05% (min $5K) account review
• Franklin Synergy Bank - 2.01% account review
• UFB Direct - 2.00% (min $8K)
• Nationwide Bank - 2.00% (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• BankUnited - 2.00% (min $5K) 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
• USAA Bank - 2.00% (15 mo) (min $1K) (2.30% $175K min) account review
• iGobanking - 2.00% (min $500), 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
• La Jolla Bank - 1.95% (min $10K), account review
• Stonebridge Bank - 1.95% (14 mo) (min $500) account review
• E-LOAN - 1.95% ($10K min) account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• AIG Bank - 1.91% (min $2.5K) account review
• HSBC Direct - 1.85% (min $10) account review
• ING Direct - 1.85% account review
• Hudson City Savings - 1.85% (min $5K) account review
• Imperial Capital - 1.84% ($2K min), account review
• OneWest Bank/IndyMac - 1.80% (min $5K) liquid CD, account review
• Tennessee Commerce Bank - 1.80% (min $5K) account review
• Equity Bank - 1.79% (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
• Geauga Savings Bank - 1.65% (min $1K) account review
• TotalBank - 1.65% (min $1K) 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
• KeyDirect - 1.40% (15 mo) (min $5K), 1.50% w/chk, Not all states, account review

18-Month Certificates of Deposit:

• Pacific Mercantile Bank - 2.53% IRA-only (min $7.5K) account review
• Alliant Credit Union - 2.40% (min $25K) 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 9/26 account review
• Nationwide Bank - 2.20% (min $500) account review
• NewDominion Bank - 2.09% (min $3K) 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 - 2.02% (min $1K) account review
• AIG Bank - 2.01% (min $2.5K) account review
• Consumers CU - 2.00% (16-mo) (min $250) (2.25% $100K+) account review
• OneWest Bank - 1.90% (min $5K) account review
• Citibank - 1.75% (min $500)

24-Month Certificates of Deposit:

• Alliant Credit Union - 2.55% (min $25K) account review
• Melrose CU - 2.52% (min $5K) account review
• Northrop Grumman FCU - 2.51% (min $40K), account review
• Frontier Bank - 2.50% (min $50K) account review
• America's CU - 2.50% (25 mo) (min $500) account review
• Gateway Regional CU - 2.40% (min $1K) restrictions to membership, 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
• Northwest FCU - 2.34% (min $500) add-on, account review
• State Bank of India - 2.32% (min $5K) account review
• BankUnited - 2.30% (min $5K) account review
• ISN Bank - 2.28% (min $1K) account review
• AIG Bank - 2.26% (min $2.5K) account review
• OneWest Bank/IndyMac - 2.25% (min $5K) 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
• Equity Bank - 2.25% (min $1K) account review
• Tennessee Commerce Bank - 2.25% (min $5K) account review
• USAA Bank - 2.25% (min $1K) (2.56% $175K min) account review
• EverBank - 2.20% ($1.5K min) account review
• Consumers CU - 2.20% (22-mo) (min $250) (2.45% $100K+) account review
• Fifth Third - 2.15% (min $5K) not all states, 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
• Alliant Credit Union - 3.00% (min $25K) account review
• Flagstar - 3.00% (min $500), account review
• Intervest - 2.90% (min $2.5K), account review
• Air Force FCU - 2.85% (min $25K) membership restrictions account review
• Frontier Bank - 2.80% (min $50K) account review
• NewDominion Bank - 2.76% (min $3K) account review
• Ally/GMAC Bank - 2.75% (min $0) 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
• State Bank of India - 2.68% (min $5K) account review
• AIG Bank - 2.61% (min $2.5K) 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
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• iGobanking - 2.50% (min $500), account review
• Agriculture FCU - 2.40% (min $1K) account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.24% (min $40K), account review

48-Month Certificate of Deposit:

• Melrose CU - 3.39% (min $5K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• BankUnited - 3.25% (min $5K) account review
• Flagstar - 3.25% (min $500), account review
• Intervest - 3.20% (min $2.5K), account review
• Discover Bank - 3.10% (min $2.5K) account review
• Frontier Bank - 3.00% (min $50K) account review
• Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• iGobanking - 3.00% (min $500), account review
• Ally/GMAC Bank - 2.95% (min $0) 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
• 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 - 2.65% (min $5K) account review
• Golf Savings Bank - 2.50% (min $10K) account review
• FNBO Direct - 2.25% (min $500) account review

60-Month Certificate of Deposit:

• Melrose CU - 3.91% (min $5K) account review
• Northwest FCU - 3.72% (min $25K) account review
• Apple FCU - 3.70% (min $50K) account review
• USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
• Flagstar - 3.50% (min $500), 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
• State Bank of India - 3.44% (min $5K) account review
• Ally/GMAC Bank - 3.40% (min $0) 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
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• Alliant Credit Union - 3.25% (min $25K) 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
• Agriculture FCU - 3.15% (min $1K), 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
• 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
• Telcom Credit Union - 3.00% (min $500) account review
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• Equity Bank - 2.98% (min $1K) account review
• University FCU - 2.90% (min $2.5K), account review
• Delta Community CU - 2.85% (min $1K) 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
• Western FCU - 2.19% (min $40K) account review
• KeyDirect - 2.15% (min $5K), 2.25% w/chk, Not all states, 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
• Capital One/Costco - 2.05% (min $5K) account review
• KeyDirect - 1.90% (min $5K) 2.00% w/chk, Not all states, account review
• Capital One - 1.50% (min $5K) account review

Various Deposit Account Deals

• Checking/Savings Account Bonuses
• Best IRA CD rates, local and nationwide deals
• 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
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• Arkansas deals and CD rates
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• Maine deals and CD rates
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• New Hampshire deals and CD rates
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Bank Account Alternatives

• GE Interest Plus - 2.15% rate for $50k+
• Fidelity Money Market Fund - 0.27% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.22% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.20% 7-day yield
• Paypal Money Market Fund - 0.05% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.03% 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)