Bank Deals Weekly Summary for October 3, 2009

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

The total number of bank failures for the year is now 98. Three banks failed on Friday. For all three, the FDIC was able to find buyers who agreed to assume all deposits including those above the FDIC limit (see post). The main concern will be for CD holders at the failed banks since the acquiring banks have the right to cut rates. One thing that we've learned this year is that the acquiring banks often don't communicate this change well (see MB Financial post). However, one of the acquiring banks from Friday's failure didn't waste any time informing customers of their decision. The Huntington National Bank, which assumed all deposits of Warren Bank, posted on its website how the CD rates would change and when the new rates would take effect. The rate cuts are disappointing, but at least Huntington was open and prompt with its decision. Note, when rates are changed, the CD holders have the right to make a penalty-free early withdrawal.

Savings Account Rates

I received confirmation last Monday from Tennessee Commerce Bank that they are no longer accepting new applications for their TCB Savings Account. The only good news is that they're keeping the rate at 2.30% APY for existing customers, at least for now.

With TCB Savings Account gone from my list, this puts SFGI Direct Savings Account on top as the highest non-promo savings account rate available nationwide. SFGI Direct had suspended new applications in August, but they started accepting applications again this week. In addition, they kept the 2.25% APY. However, they did make some subtle changes (see post).

Some more good news came from Ally Bank which finally reversed their Friday rate cuts with some rate hikes. Their online savings account rate was increased from 1.75% to 1.80% APY.

Unfortunately, more banks continue to cut rates rather the raise rates. We lost another 2% savings account this week when Discover Bank cut its savings account rate from 2% to 1.85% APY.

Rate Hikes:

1. SFGI Direct Savings - 2.25% (now accepting new accounts)
2. Ally Bank Savings - 1.80% (was 1.75%)
3. EBSB Direct Savings - 1.77% (was 1.55%)

Rate Drops:

1. Discover Bank Savings - 1.85% (was 2.00%)
2. Delta Community CU MMA - 1.75% $25K-$50K (was 1.85%)
3. First Trade Union Bank Savings - 1.75% (was 1.80%)
4. iGObanking Savings - 1.56% (was 1.67%)
5. State Farm Checking - 1.45% (was 1.55%)
6. Zions MMA - 1.40% (was 1.46%)
7. Bank Provident Online - 1.35% (was 1.45%)
8. Discover Bank MMA - 1.20% $2.5K-$10K (was 1.30%)
9. ETrade Bank Complete Savings - 0.50% (was 0.60%)

Certificate of Deposit Rates

In addition to a little bit of good news with savings accounts, there was also a bit of good news for CDs. In addition to raising its savings account rate, Ally Bank raised its 12-month CD rate from 2% to 2.05% APY. Another nice surprise was at ING Direct which raised its 12-month CD rate from 1.85% to 2.10% APY. Both of these banks are nice for those with small savings since neither have minimum deposit requirements. For those with larger savings, you still can get the best 12-month CD deals at MetLife Bank with its 2.25% APY 12-month special CD and at Alliant Credit Union with its 2.30% APY 12-month CD. Both require a minimum deposit of $25,000.

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

Best Nationwide CD Deals as of 10/03/09: 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. 2.25% 12-mo CD at MetLife Bank (account review)
7. 2.10% 12-mo CD at ING Direct (account review)
8. 2.25% 16-mo CD at DollarSavingsDirect (account review)
9. 2.40% 18-mo CD at Alliant CU (account review)
10. 2.20% 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. 3.80% 60-mo CD at Melrose CU (account review)
14. 3.70% 60-mo CD at Apple FCU (account review)
15. 3.50% 60-mo CD at iGObanking (account review)
16. 3.50% 60-mo CD at Citibank (account review)
17. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 10/03/09: 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% 6-mo CD & 2.50% 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. 2.10% 7-mo to 13-mo CD at Washington Federal Bank for Savings in Chicago (account review)
5. 2.59% 10-mo CD at Altana FCU in MT (account review)
6. 3.00% 15-mo CD at Bartow County Bank in GA (account review)
7. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
8. 2.50% 13-mo CD & 2.26% 7-mo CD at The Farmers Bank in TN (account review)
9. 2.50% 12-mo CD at Eastman CU in Several States (account review)
10. 2.50% 15-mo CD at Dupaco Community CU in IA, IL & WI (account review)
11. 2.40% 15-mo CD & 2% 6-mo CD at Southern Commerce Bank in FL (account review)
12. 2.65% 18-mo CD & 2.40% 11-mo CD at Island FCU in NY (account review)
13. 2.50% 18-mo CD at Centrue Bank in IL (account review)
14. 2.78% 25-mo CD at Crane FCU in IN (account review)
15. 2.75% 24-mo CD at First Priority CU in MA (account review)
16. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
17. 3.25% 42-mo CD & 2.50% 23-mo CD at Regions Bank in Several States (account review)
18. 4.15% 60-mo CD at Neighborhood CU in TX (account review)
19. 4.07% 60-mo CD at United Community CU in IL & MO (account review)
20. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
21. 4.00% 72-mo CD at
    1st Commonwealth Bank of Virginia (account review)

Reward Checking Accounts

I reported on six new reward checking accounts this week with rates ranging from 2.12% to 5.25% APY. Two of the six are nationwide deals, and you probably can guess that one of them is the 2.12% reward checking. Amegy Bank is offering this on balances up to $25K. With so many nationwide reward checking accounts offering 4%, Amegy Bank doesn't deserve much consideration. However, there are two interesting things to note about Amegy Bank. First it's a sizable bank with $11.6 billion in assets. The vast majority of reward checking accounts are being offered by small banks. Second, Amegy Bank also offers an internet money market account. Its rate is currently 1.20% APY. I have a feeling that over the long term the spread between reward checking and online savings account rates will be about one percentage point. Currently, with an average reward checking rate of 3.79% APY, the spread is much higher.

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

• Three Banks and Two Credit Unions Failed This Week
• Depositors Suffer from the Bank Failures of Corus and Irwin Union Bank
• FDIC Releases Plan for Banks to Bolster FDIC Deposit Insurance Fund
• Credit Union News - Closures and Premium Assessments

Savings Accounts - National

• ProvidentNJ Direct's New Limit on External Transfers
• SFGI Direct's 2.25% Online Savings Account Is Open Again But With Changes
• Tennessee Commerce Bank Stops Offering the 2.30% TCB Savings Account

CD Deals - National

• Competitive 12-Month CD Rate at ING Direct - Available Nationwide
• Ally Bank Raises Rates of Its Online Savings Account and 12-month CD - Available Nationwide
• CD Rates Fall at Melrose Credit Union But Remain Competitive - Available Nationwide

Checking/Savings Bonuses

• Capital One's SmartCents - Comparison to Bank of America's KTC and Other Savings Programs

Reward Checking Accounts

• 5.25% Reward Checking Account at First Missouri Credit Union - Local Only
• 4.01% Reward Checking Account at Integrity Bank in Houston - Local Only
• 4.00% Reward Checking Account at Market USA Federal Credit Union in MD, MA & SC - Local Only
• 4.01% Reward Checking Account at KANZA Bank in Kansas
• 4.51% Reward Checking Account at Advantage Plus FCU in Idaho - Local Only
• 2.12% Reward Checking Account at Amegy Bank in Texas - Available Nationwide

CD and Money Market Deals - Local

• 2.10% CD for Terms of 7 to 13 Months at Washington Federal Bank for Savings in Chicago - Local Only
• 3.09% 27-Month CD & 2.78% 12-Month CD at Wings Financial CU - Limited Membership
• 3.75% 60-Month CD at Fidelity Bank of Florida - Local Only
• 3.00% 36-Month CD & 2.10% 17-Month Add-On CD at SchoolsFirst FCU in CA - Local Only
• 2.25% 13-Month CD & 1.95% 7-Month CD at Bank of Granite in North Carolina - Local Only
• 2.10% 10-Month CD & 2.30% 15-Month CD at National Bank of South Carolina - Local Only
• 2.75% 25-Month CD at Southern Bank in MO & AR
• 2.50% 2-Year CD & Other Competitive CD Rates Continue at Pinnacle Bank in Florida - Local Only
• 2.00% 10-Month CD at Harleysville National Bank in PA - Local Only
• 2.02% 6-Month CD & 2.07% 9-Month CD at North Cascades National Bank in Washington State - Local Only
• 2.50% 13-Month CD & 2.26% 7-Month CD at The Farmers Bank in Tennessee - Local Only
• 2.25% 11-Month CD at Colonial Bank Branches of BB&T
• 2.50% 18-Month CD at Centrue Bank in Illinois - 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 October 3, 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% ($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
• 1st Constitution Direct - 2.00% (min $100), 3 mo promo (1.96% $10K+ stnd) 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
• CNB Bank Direct - 1.85% account review
• American Express Bank - 1.85%, account review
• UFB Direct - 1.85%, account review
• Discover Bank - 1.85% Savings (min $500) account review
• Flagstar - 1.81% MMA, account review
• Ally Bank - 1.80% Savings account review
• Newtown Savings Bank - 1.80%, account review
• Union Federal Savings - 1.80% account review
• EBSB Direct - 1.77% (min $50K) account review
• OneWest Bank - 1.75% (min $10K) account review
• Clear Sky Accounts - 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
• 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
• First Trade Union Bank - 1.75% ($2.5K min) account review
• Delta Community CU - 1.75% MMA (min $25K) 2.00% $100K+, account review
• Nationwide Bank - 1.70% MMA (min $1K) 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
• AIG Bank - 1.66% MMA (min $10K+) account review
• WTDirect - 1.66% ($10K min), account review
• Heartland Bank Direct - 1.65% ($500 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
• iGObanking - 1.56%, account review
• Salem Five Direct - 1.55% Savings, account review
• Savings Square - 1.55%, account review
• E-LOAN - 1.55% Savings Plus (min $5K) other requirements, account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• Grand Yield Direct - 1.50% (min $2.5K) account review
• Bank of American Fork - 1.50% (min $1K) account review
• Seacoast Commerce Bank - 1.50% (min $25K) account review
• FNBO Direct - 1.50%, account review
• Danversbank - 1.50% account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• State Farm Bank - 1.45% Checking (min $2.5K) 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
• Zions Bank - 1.40% MMA, outside of Utah, (min $2.5K) account review
• HSBC Direct - 1.35% account review
• UmbrellaBank - 1.35% MMA (min $1K) 1.74% ($50K+) account review
• Bank Provident Online - 1.35% (min $10) account review
• EmigrantDirect - 1.30%, account review
• ING Direct - 1.30%, (0.25% checking), post ($25 bonus)
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• TotalBank - 1.25% (min $1K) 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
• Discover Bank - 1.20% MMA (min $2.5K) (1.50% $25K-$50K, 1.60% $50K-$100K) account review
• Imperial Capital - 1.16% 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
• 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 - 0.50%, account review

3-Month Certificates of Deposit:

• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) 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
• Ally Bank - 1.25% (min $0) account review
• FirstFedDirect - 1.25% (min $10K), account review
• Imperial Capital - 1.25%, ($2K min), 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
• 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
• TotalBank - 1.65% (min $1K) account review
• Ally Bank - 1.65% (min $0) account review
• La Jolla Bank - 1.65% (min $10K), account review
• E-LOAN - 1.60% ($10K min) account review
• FirstFedDirect - 1.60% (min $10K), account review
• ING Direct - 1.55% account review
• Wilshire State Bank - 1.51% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• UmbrellaBank - 1.50% (min $1K) account review
• Imperial Capital - 1.49% ($2K min), 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
• Ally Bank - 1.85% (min $0) No-Penalty, account review
• E-LOAN - 1.76% ($10K min) account review
• Acacia Federal Savings Bank - 1.75% (10-mo) (min $500) account review
• UmbrellaBank - 1.66% (min $1K) account review
• TotalBank - 1.65% (min $1K) account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• Imperial Capital - 1.65% ($2K min), account review
• FirstFedDirect - 1.65% (min $10K) account review
• OneWest Bank - 1.65% (min $5K) account review
• Ally Bank - 1.60% (min $0) account review
• NASA FCU - 1.50% (min $5K) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• NewDominion Bank - 1.25% (min $3K) account review
• Bank of America - 0.65% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Alliant Credit Union - 2.30% (min $25K) account review
• MetLife Bank - 2.25% (min $25K) 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
• Melrose CU - 2.22% (min $5K) account review
• America's CU - 2.15% (13 mo) (min $500) account review
• ING Direct - 2.10% account review
• Frontier Bank - 2.10% (min $50K) account review
• State Bank of India - 2.07% (min $5K) account review
• Ally Bank - 2.05% (min $0) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• NewDominion Bank - 2.05% (min $3K) account review
• UmbrellaBank - 2.02% (min $1K) account review
• Franklin Synergy Bank - 2.01% account review
• OneWest Bank - 2.01% (min $5K) account review
• Discover Bank - 2.00% (min $2.5K) account review
• iGobanking - 2.00% (min $500), account review
• USAA Bank - 2.00% (15 mo) (min $1K) (2.30% $175K min) 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
• Southeast Financial FCU - 2.00% (min $500) account review
• Nationwide Bank - 2.00% (min $500) account review
• UFB Direct - 2.00% (min $8K)
• Northpointe Bank - 2.00% (min $5K) account review
• Delta Community CU - 2.00% (min $1K) account review
• Credit Union of Georgia - 1.97% (min $50K), account review
• E-LOAN - 1.95% ($10K min) account review
• Acacia Federal Savings Bank - 1.95% (min $500) account review
• Golf Savings Bank - 1.95% (min $10K) account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• AIG Bank - 1.91% (min $2.5K) account review
• La Jolla Bank - 1.90% (min $10K), account review
• HSBC Direct - 1.85% (min $10) account review
• BankUnited - 1.85% (min $5K) account review
• Imperial Capital - 1.80% ($2K min), account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• Equity Bank - 1.78% (min $1K) account review
• ISN Bank - 1.77% (min $1K) account review
• OneWest Bank/IndyMac - 1.76% (min $5K) liquid CD, account review
• Wilshire State Bank - 1.75% (min $1K) account review
• Connexus CU - 1.75% (min $500) account review
• Tennessee Commerce Bank - 1.70% (min $5K) account review
• TotalBank - 1.65% (min $1K) account review
• Fifth Third - 1.60% (15 mo) (min $5K) not all states, account review
• Geauga Savings Bank - 1.60% (min $1K) account review
• Northwest FCU - 1.57% (min $500) add-on, account review
• Bank of America DOW - 1.50% (min $1K) 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
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 10/3 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
• Northpointe Bank - 2.25% (min $5K) account review
• Nationwide Bank - 2.20% (min $500) account review
• NASA FCU - 2.20% (min $5K) account review
• NewDominion Bank - 2.09% (min $3K) account review
• UmbrellaBank - 2.05% (min $1K), account review
• Ally Bank - 2.05% (min $0) account review
• Discover Bank - 2.05% (min $2.5K), account review
• Equity Bank - 2.02% (min $1K) account review
• Consumers CU - 2.00% (16-mo) (min $250) (2.25% $100K+) account review
• AIG Bank - 1.96% (min $2.5K) 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
• Northrop Grumman FCU - 2.51% (min $40K), account review
• Hudson City Bank - 2.50% (min $5K) account review
• America's CU - 2.50% (25 mo) (min $500) account review
• Frontier Bank - 2.50% (min $50K) account review
• Melrose CU - 2.47% (min $5K) account review
• Gateway Regional CU - 2.40% (min $1K) restrictions to membership, account review
• E-LOAN - 2.37% ($10K min) account review
• American Express Bank - 2.35% (min $0) account review
• Ally 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
• Northwest FCU - 2.30% (min $500) add-on, account review
• ISN Bank - 2.28% (min $1K) account review
• AIG Bank - 2.26% (min $2.5K) account review
• EverBank - 2.25% ($1.5K min) account review
• USAA Bank - 2.25% (min $1K) (2.56% $175K min) account review
• Equity Bank - 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
• BankUnited - 2.20% (min $5K) account review
• Fifth Third - 2.15% (min $5K) not all states, account review
• Tennessee Commerce Bank - 2.15% (min $5K) account review
• iGobanking - 2.12% (min $500), account review
• Bank of America DOW - 2.11% (min $1K) 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:

• Hudson City Bank - 3.00% (min $5K) account review
• Flagstar - 3.00% (min $500), account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Melrose CU - 2.98% (min $5K) 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
• Equity Bank - 2.76% (min $1K) 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
• Ally Bank - 2.75% (min $0) 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
• iGobanking - 2.50% (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
• Tennessee Commerce Bank - 2.40% (min $5K) account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.23% (min $40K), account review

48-Month Certificate of Deposit:

• Melrose CU - 3.34% (min $5K) account review
• Hudson City Bank - 3.25% (min $5K) account review
• Flagstar - 3.25% (min $500), account review
• BankUnited - 3.25% (min $5K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• Intervest - 3.20% (min $2.5K), account review
• Equity Bank - 3.00% (min $1K) account review
• iGobanking - 3.00% (min $500), account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Gateway Regional CU - 3.00% (min $1K) restrictions to membership, account review
• Frontier Bank - 3.00% (min $50K) account review
• Ally Bank - 2.95% (min $0) account review
• Discover Bank - 2.95% (min $2.5K) 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
• Nationwide Bank - 2.85% (min $500) account review
• Third Federal - 2.75% (min $500) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• Tennessee Commerce Bank - 2.60% (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 - 3.80% (min $5K) account review
• Apple FCU - 3.70% (min $50K) account review
• Northwest FCU - 3.58% (min $25K) account review
• USAA Bank - 3.51% (min $1K) (3.82% $175K min) account review
• Hudson City Bank - 3.50% (min $5K) account review
• Citibank - 3.50% (min $500) account review
• BankUnited - 3.50% (min $5K) account review
• iGobanking - 3.50% (min $500), account review
• Flagstar - 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
• Discover Bank - 3.40% (min $2.5K) 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
• Ally Bank - 3.40% (min $0) account review
• Dime Savings Bank - 3.30% (min $500) account review
• Intervest - 3.27% (min $2.5K), account review
• Equity Bank - 3.26% (min $1K) 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
• Alliant Credit Union - 3.25% (min $25K) account review
• NASA FCU - 3.25% (55 mo) (min $5K) 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
• EverBank - 3.04% ($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
• 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
• Credit Union of Georgia - 2.94% (min $50K), 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
• 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
• 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
• 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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• Wyoming deals and CD rates

Bank Account Alternatives

• GE Interest Plus - 2.30% rate for $50k+
• Fidelity Money Market Fund - 0.24% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.21% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.25% 7-day yield
• Paypal Money Market Fund - 0.05% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.06% 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)

Edit 10/04/09: Added Hudson City CDs