Bank Deals Weekly Summary for October 24, 2009

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

Two major media articles this week provided commentary on why the Fed should raise interest rates sooner rather than later. The first was a Washington Post article, and it shows all the ways the government is suppressing both short and long-term rates, and how this is "a direct wealth transfer from savers and retirees to overly indebted borrowers."

The second article was a front cover article at Barron's that not only describes the plight of the country's savers, but makes a reasonable case that the Fed should quickly raise rates by 1% to 2%. The rates would still be historically low, but as the article describes it "could help by suppressing incipient inflation while doing little to dampen a mending U.S. economy."

As the Barron's article mentions, these views are outliers, and it's unlikely we'll see a policy change anytime soon. Based on the Fed's history in past recessions, we may not see rate hikes before 2011. You can see the data behind this view at this Calculated Risk blog post.

Another reason that the Fed may be pressured to keep rates very low is to support the banks which continue to struggle. There has been a lull in the bank closures during the last two weeks. This ended yesterday with seven bank failures bringing the total failures for 2009 above 100. The total is now up to 106. All of the failed banks were small, and the FDIC was able to find buyers for all seven. As has been common this year, the buyers assumed all deposits of the failed banks even deposits over the FDIC limit (see post).

Savings Account Rates

Savings account rates continued to trend downward. Emigrant Bank lowered the rate on its Dollar Savings Direct savings account from 1.70% to 1.60% APY. I remember when Emigrant first launched Emigrant Direct at the start of 2005 with a 3% savings account. Things sure have changed.

The one bit of good news is that the 2% savings account rate at Alliant Credit Union will be holding through November. A reader mentioned receiving news of this a few days ago, and I just received confirmation from an Alliant CSR today. Alliant Credit Union also offers a 1.75% checking account and competitive CD rates (see review).

I reported on another internet savings account being offered by a small bank. The savings account has a 2.15% APY. Unfortunately, the bank is only allowing new customers from parts of Ohio and Indiana (see review). The previous week I posted on the internet savings account at BankOn. It's paying 2.05% APY with a $50 sign-up bonus. Unfortunately, it's also a local deal which is limited to five states (see review).

Four years ago I had thought we would see more internet savings accounts from small banks and credit unions. One credit union in particular grabbed my attention with its 5.50% internet savings account. It was Sunmark FCU which offered this online savings account through its RateEdge.com website. The rate remained higher than the rates of the online banks. But something changed. The rate plummeted this year, and it's now only 0.20% (see post). Hopefully, these small banks launching their internet savings accounts will be able to keep their rates competitive for the long term.

Rate Hikes:

1. None

Rate Drops:

1. Union Federal Savings - 1.65% (was 1.70%)
2. Dollar Savings Direct savings - 1.60% (was 1.70%)
3. AIG Bank MMA - 1.55% $10K-$50K (was 1.60%)
4. OneWest Bank E-MM - 1.50% $10K+ (was 1.60%)
5. E-LOAN savings - 1.45% (was 1.55%)
6. iGObanking savings - 1.41% (was 1.56%)
7. UmbrellaBank MMA - 1.25% (was 1.35%)

Certificate of Deposit Rates

We lost two nice CD promotions this week. ING Direct is no longer offering 2.25% on its 1-year CDs. The rate fell to 1.75% APY, and they're no longer offering the Added Value CD. MetLife Bank also stopped offering its special 2.25% 1-year CD. The new special is a 2-year CD with a 2.35% APY.

Even though we lost two 2.25% 1-year CDs, we gained one this week. Academy Bank is offering 2.25% APY on its 1-year CD (see review). The bank is based in Colorado, but they allow people in any state to open accounts via their online application. However, don't expect the application process to be as easy as ING Direct's.

Even though Dollar Savings Direct cut its savings account rate, its 16-month CD rate continues at 2.25% APY. When Emigrant removed the 16-month CD from its website in August, I thought this rate would soon be cut or the CD discontinued. This has not been the case. I called the bank again, and I was informed that it's still available. Instead of advertising the CD on the Dollar Savings Direct webpage, they're advertising their bank-owned homes. As you might expect, this is not a good sign of Emigrant's health. Emigrant continues to have low ratings at BauerFinancial and Bankrate.com (see post).

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

Best Nationwide CD Deals as of 10/24/09: 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% 7-mo CD at America's CU (account review)
4. 2.00% 9-mo CD at Digital CU (account review)
5. 2.30% 12-mo CD at Alliant CU (account review)
6. 2.25% 12-mo CD at Academy Bank (account review)
7. 2.25% 16-mo CD at DollarSavingsDirect (account review)
8. 2.40% 18-mo CD at Alliant CU (account review)
9. 2.55% 24-mo CD at Alliant CU (account review)
10. 2.50% 24-mo CD at Hudson City Savings (account review)
11. 3.00% 36-mo CD at Hudson City Savings (account review)
12. 3.00% 36-mo CD at Alliant CU (account review)
13. 3.25% 48-mo CD at Hudson City Savings (account review)
14. 3.80% 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 Hudson City Savings (account review)
18. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 10/24/09: 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% savings account with rate guaranteed to 11/16/10 in NY (account review)
2. 2.25% 6-mo CD & 2.50% 12-mo CD at Atlanta Postal CU in GA (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. 2.50% 8-mo CD at Bartow County Bank in GA (account review)
6. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
7. 2.50% 13-mo CD & 2.26% 7-mo CD at The Farmers Bank in TN (account review)
8. 2.35% 12-mo CD at Eastman CU in Several States (account review)
9. 2.50% 15-mo CD & 3% 27-mo CD at Dupaco Community CU in IA, IL & WI (account review)
10. 2.40% 15-mo CD & 2% 6-mo CD at Southern Commerce Bank in FL (account review)
11. 2.30% 15-mo CD at TIB Bank in South FL (account review)
12. 2.50% 16-mo Jumbo CD at Teachers FCU in NY (account review)
13. 2.78% 24-mo CD & 2.43% 18-mo CD at First National Bank in TX (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. 2.72% to 2.93% 24-mo CD at Numerica CU in WA & ID (account review)
17. 2.50% 23-mo CD at Regions Bank in Several States (account review)
18. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
19. 4.25% 60-mo CD & 2.61% 12-mo CD at Universal 1 CU in Ohio (account review)
20. 4.07% 60-mo CD at IH Mississippi Valley CU in IL & IA (account review)
21. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
22. 4.00% 72-mo CD at
    1st Commonwealth Bank of Virginia (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with yields between 3.04% and 5.01%. All are local deals. I also reported on a checking account that's a lot like a reward checking account, but it doesn't have the debit card usage requirement. As you might expect, the rate is lower at 2% APY. Like a reward checking account, the top rate applies to only the first $25,000. Also, it requires direct deposit and e-statements (see review). It's a lot like the High Rate Checking Account that Alliant Credit Union offers.

If you're opening your first reward checking account or additional ones, there are some potential issues to consider that could cost you a month or more of interest. I discussed these in this post.

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

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

Banking News

• 106 Bank Failures for 2009
• Barron's Front Page: It's Time to Raise Rates, Ben
• WaPo Article Sums Up the Plight of the Savers
• Update on ACH Transfers at PenFed and the Issue of Restrictive ACH Policies

CD Deals - National

• 2.15% 18-Month CD & 2.35% 24-Month CD at MetLife Bank - Available Nationwide
• 2.25% 12-Month CD at Academy Bank in Colorado - Available Nationwide

Checking/Savings Bonuses

• Up to $250 Checking Account Bonus at NewAlliance Bank in MA & CT - Local Only
• $125 to $225 Checking Account Bonuses at KeyBank - Only Certain States

Reward Checking Accounts

• 2.00% High-Yield Checking With No Debit Card Requirements at PriorityONE Credit Union of Florida - Local Only
• 3.26% Reward Checking Account at Park Community FCU in KY, IN, GA & AL - Local Only
• 4.00% Reward Checking Account at Commerce National Bank in Texas - Local Only
• Potential Issues When You're Opening Reward Checking Accounts
• 5.01% Reward Checking Account at Geo. D. Warthen Bank in Georgia - Local Only
• 3.04% Reward Checking Account at CoreFirst Bank & Trust - Local Only

CD and Money Market Deals - Local

• 2.65% 24-Month CD & 2.20% 12-Month CD at Signature Bank in New York City - Local Only
• 2.50% 24-Month CD at Clinton Savings Bank in MA - Local Only
• 2.25% 18-Month CD at Charter Bank in New Mexico - Local Only
• 2.15% 9-Month CD & 2.00% 5-Month CD at EDS Credit Union in Several States - Local Only
• 2.89% 18-Month CD at Blue Ridge Savings Bank in NC & SC - Local Only
• 2.50% 24-Month CD, 3.50% 60-Month CD & a 2% Money Market Account at Broward Bank of Commerce in FL - Local Only
• 2.05% 9-Month CD at The Dime Bank in Pennsylvania - Local Only
• 2.38% 18-Month CD at Regal Bank in Northern New Jersey - Local Only
• 2.75% Savings Account ($10K Max) at North Middlesex Savings Bank in MA - Local Only
• Online Savings Account with Rates up to 2.15% at Stock Yards Bank in Parts of OH & IN - Local Only
• 2.43% 18-Month CD & 2.78% 24-Month CD at First National Bank in Texas - Local Only
• 2.00% 9-Month CD at Service Credit Union - Limited Membership
• 2.83% 24-Month CD at Olin Community Credit Union in MO & IL - Local Only
• CD Rates of 2.01% to 4.25% at Universal 1 Credit Union in Ohio - Local Only
• 2.25% Savings Account with Rate Guaranteed to 11/16/2010 at Northwest Savings Bank in Rochester, NY 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 24, 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
• SmartyPig - 2.01% (min $25) withdrawal restrictions, 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
• Connexus CU - 1.90% MMA (min $20K) (2.25% $100K+) account review
• Discover Bank - 1.85% Savings (min $500) account review
• American Express Bank - 1.85%, account review
• Peoples Bank - 1.81% ($500 min) account review
• Flagstar - 1.81% MMA, account review
• Newtown Savings Bank - 1.80%, account review
• EBSB Direct - 1.77% (min $50K) account review
• UFB Direct - 1.75%, account review
• Delta Community CU - 1.75% MMA (min $25K) 2.00% $100K+, account review
• First Trade Union Bank - 1.75% ($2.5K min) 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
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• Clear Sky Accounts - 1.75% account review
• Ally Bank - 1.70% Savings account review
• Bank of Internet - 1.70% MMA (min $100) account review
• Nationwide Bank - 1.70% MMA (min $1K) account review
• CNB Bank Direct - 1.70% account review
• Ally/GMAC Bank - 1.65% MMA account review
• Bank of Internet - 1.65% Advantage Savings (min $100) account review
• Heartland Bank Direct - 1.65% ($500 min), account review
• Union Federal Savings - 1.65% account review
• Hudson City Savings - 1.60% (min $2.5K) account review
• Intervest National Bank - 1.60% MMA (min $2.5K) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• ADB Bank - 1.60% account review
• DollarSavingsDirect - 1.60% ($1K min) account review
• Savings Square - 1.55%, account review
• Salem Five Direct - 1.55% Savings, account review
• AIG Bank - 1.55% MMA (min $10K+) account review
• WTDirect - 1.51% ($10K min), 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
• Bank of American Fork - 1.50% (min $1K) account review
• Grand Yield Direct - 1.50% (min $2.5K) account review
• OneWest Bank - 1.50% (min $10K) account review
• State Farm Bank - 1.45% Checking (min $2.5K) account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• E-LOAN - 1.45% Savings Plus (min $5K) other requirements, account review
• iGObanking - 1.41%, account review
• Zions Bank - 1.40% MMA, outside of Utah, (min $2.5K) 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)
• Bank Provident Online - 1.35% (min $10) account review
• HSBC Direct - 1.35% 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
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• TotalBank - 1.25% (min $1K) account review
• UmbrellaBank - 1.25% MMA (min $1K) 1.60% ($50K+) account review
• Discover Bank - 1.20% MMA (min $2.5K) (1.50% $10K-$50K, 1.60% $50K-$100K) account review
• Capital One - 1.20% MMA, account review
• Citibank - 1.20% (Ultimate Savings) account review
• Bank of Internet - 1.15% Checking (min $5K) account review
• Imperial Capital - 1.15% MMA ($2.5K min) (1.35% for $100K+) 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
• Amegy Bank - 1.00% (min $1K) account review
• Imperial Capital - 0.88% Checking (min $1K) account review
• VirtualBank - 0.80% (min $100), (1.51% $25K+, 1.61% $50K+) post ($20 bonus)
• Charles Schwab - 0.75% Checking, account review
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• ETrade Bank - 0.50%, account review

3-Month Certificates of Deposit:

• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) account review
• H&R Block Bank - 1.50% (min $5K) account review
• MetLife Bank - 1.50% (min $25K) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• Consumers CU - 1.45% (min $500) account review
• Wilshire State Bank - 1.26% (min $1K) account review
• UFB Direct - 1.25% (min $8K)
• FirstFedDirect - 1.25% (min $10K), account review
• Imperial Capital - 1.22%, ($2K min), account review
• Ally Bank - 1.15% (min $0) 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
• 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
• TotalBank - 1.65% (min $1K) account review
• MetLife Bank - 1.65% (min $50K) account review
• FirstFedDirect - 1.60% (min $10K), account review
• La Jolla Bank - 1.55% (min $10K), account review
• Wilshire State Bank - 1.51% (min $1K) account review
• E-LOAN - 1.51% ($10K min) account review
• Excel National Bank - 1.50% (min $10K) account review
• UmbrellaBank - 1.50% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• Ally Bank - 1.50% (min $0) account review
• Imperial Capital - 1.46% ($2K min), account review
• ING Direct - 1.25% account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Digital CU - 2.00% (min $500) account review
• Acacia Federal Savings Bank - 1.75% (10-mo) (min $500) account review
• MetLife Bank - 1.75% (min $25K) account review
• NewDominion Bank - 1.67% (min $3K) account review
• UmbrellaBank - 1.66% (min $1K) account review
• FirstFedDirect - 1.65% (min $10K) account review
• TotalBank - 1.65% (min $1K) account review
• Imperial Capital - 1.61% ($2K min), account review
• Ally Bank - 1.60% (min $0) No-Penalty, account review
• E-LOAN - 1.60% ($10K min) account review
• Ally Bank - 1.55% (min $0) account review
• NASA FCU - 1.50% (min $5K) account review
• OneWest Bank - 1.50% (min $5K) account review
• Doral Bank Direct - 1.40% (min $1K) 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
• 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
• Academy Bank - 2.25% (min $500) account review
• Melrose CU - 2.22% (min $5K) account review
• Northpointe Bank - 2.20% (min $5K) account review
• America's CU - 2.15% (13 mo) (min $500) account review
• Amboy Direct - 2.10% Add-On (min $10K) account review
• Frontier Bank - 2.10% (min $50K) account review
• UmbrellaBank - 2.06% (min $1K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• State Bank of India - 2.02% (min $5K) account review
• Bank of Internet - 2.02% (min $1K) account review
• Franklin Synergy Bank - 2.01% account review
• Ally Bank - 2.00% (min $0) account review
• Delta Community CU - 2.00% (min $1K) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Wilshire State Bank - 2.00% (min $10K), liquid features, account review
• Ascencia Bank - 2.00% (min $500), account review
• iGobanking - 2.00% (min $500), account review
• Discover Bank - 2.00% (min $2.5K) account review
• NewDominion Bank - 2.00% (min $3K) account review
• Consumers CU - 2.00% (15-mo) (min $250) (2.25% $100K+) account review
• MetLife Bank - 2.00% (min $25K) account review
• Credit Union of Georgia - 1.97% (min $50K), account review
• Golf Savings Bank - 1.95% (min $10K) account review
• Acacia Federal Savings Bank - 1.95% (min $500) account review
• USAA Bank - 1.95% (15 mo) (min $1K) (2.25% $175K min) account review
• Pacific Mercantile Bank - 1.92% (min $10K) account review
• AIG Bank - 1.91% (min $2.5K) account review
• Nationwide Bank - 1.90% (min $500) account review
• HSBC Direct - 1.85% (min $10) account review
• La Jolla Bank - 1.85% (min $10K), account review
• E-LOAN - 1.81% ($10K min) account review
• OneWest Bank - 1.80% (min $5K) account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• Equity Bank - 1.77% (min $1K) account review
• ISN Bank - 1.77% (min $1K) account review
• Imperial Capital - 1.76% ($2K min), account review
• Connexus CU - 1.75% (min $500) account review
• Wilshire State Bank - 1.75% (min $1K) account review
• BankUnited - 1.75% (min $5K) account review
• ING Direct - 1.75% (min $1) account review
• TotalBank - 1.65% (min $1K) account review
• Tennessee Commerce Bank - 1.60% (min $5K) account review
• OneWest Bank/IndyMac - 1.55% (min $5K) liquid CD, account review
• Geauga Savings Bank - 1.55% (min $1K) account review
• Northwest FCU - 1.54% (min $500) add-on, account review
• UFB Direct - 1.50% (min $8K)
• Fifth Third - 1.50% (13 mo) (min $5K) not all states, account review
• Bank of America DOW - 1.50% (min $1K) account review

18-Month Certificates of Deposit:

• Citibank - 4.07% (min $200) (max $25K) requires secured credit card, account review
• Pacific Mercantile Bank - 2.53% IRA-only (min $7.5K) account review
• Alliant Credit Union - 2.40% (min $25K) account review
• Flagstar - 2.25% (min $500), account review
• Southeast Financial FCU - 2.25% (min $500) 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 10/24 account review
• Security Savings Bank - 2.25% (min $500) account review
• Academy Bank - 2.25% (min $500) account review
• NASA FCU - 2.20% (min $5K) account review
• Northpointe Bank - 2.20% (17-mo) (min $5K) account review
• MetLife Bank - 2.15% (min $25K) account review
• UmbrellaBank - 2.10% (min $1K), account review
• Nationwide Bank - 2.10% (min $500) account review
• Equity Bank - 2.05% (min $1K) account review
• Discover Bank - 2.05% (min $2.5K), account review
• NewDominion Bank - 2.03% (min $3K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• Ally Bank - 2.00% (min $0) account review
• AIG Bank - 1.96% (min $2.5K) account review
• OneWest Bank - 1.75% (min $5K) account review

24-Month Certificates of Deposit:

• Northpointe Bank - 2.55% (min $5K) account review
• Alliant Credit Union - 2.55% (min $25K) account review
• Frontier Bank - 2.50% (min $50K) account review
• America's CU - 2.50% (25 mo) (min $500) account review
• Hudson City Bank - 2.50% (min $5K) account review
• Security Savings Bank - 2.50% (23 mo) (min $500) account review
• Northrop Grumman FCU - 2.48% (min $40K), account review
• Melrose CU - 2.47% (min $5K) account review
• Equity Bank - 2.40% (min $1K) account review
• MetLife Bank - 2.35% (min $25K) account review
• Southeast Financial FCU - 2.35% (min $500) account review
• Discover Bank - 2.35% (min $2.5K) account review
• American Express Bank - 2.35% (min $0) account review
• State Bank of India - 2.32% (min $5K) account review
• Northwest FCU - 2.31% (min $500) add-on, account review
• Capital One - 2.30% (min $5K) account review
• Gateway Regional CU - 2.30% (min $1K) restrictions to membership, account review
• ISN Bank - 2.28% (min $1K) account review
• NewDominion Bank - 2.28% (min $3K) account review
• AIG Bank - 2.26% (min $2.5K) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• USAA Bank - 2.25% (min $1K) (2.56% $175K min) account review
• Ally Bank - 2.25% (min $0) account review
• Academy Bank - 2.25% (min $500) account review
• OneWest Bank/IndyMac - 2.20% (min $5K) account review
• E-LOAN - 2.20% ($10K min) account review
• Fifth Third - 2.15% (min $5K) not all states, account review
• iGobanking - 2.12% (min $500), account review
• Bank of America DOW - 2.11% (min $1K) account review
• EverBank - 2.10% ($1.5K min) account review
• BankUnited - 2.10% (min $5K) account review
• Seacoast Commerce Bank - 2.08% (min $10K) account review
• Tennessee Commerce Bank - 2.05% (min $5K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• Consumers CU - 2.00% (min $250) (2.25% $100K+) account review

36-Month Certificate of Deposit:

• Alliant Credit Union - 3.00% (min $25K) account review
• Flagstar - 3.00% (min $500), account review
• Hudson City Bank - 3.00% (min $5K) account review
• Melrose CU - 2.98% (min $5K) account review
• Security Savings Bank - 2.90% (35 mo) (min $500) 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
• American Express Bank - 2.75% (min $0) account review
• Discover Bank - 2.75% (min $2.5K) account review
• Acacia Federal Savings Bank - 2.75% (min $500) account review
• Intervest - 2.74% (min $2.5K), account review
• NewDominion Bank - 2.71% (min $3K) account review
• Ally Bank - 2.70% (min $0) account review
• State Bank of India - 2.68% (min $5K) account review
• Gateway Regional CU - 2.65% (min $1K) restrictions to membership, account review
• AIG Bank - 2.56% (min $2.5K) account review
• Pentagon Federal CU - 2.50% (min $1K), account review
• H&R Block Bank - 2.50% (min $250) account review
• iGobanking - 2.50% (min $500), account review
• Agriculture FCU - 2.40% (min $1K) account review
• Nationwide Bank - 2.40% (min $500) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.19% (min $40K), account review

48-Month Certificate of Deposit:

• Melrose CU - 3.34% (min $5K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• Flagstar - 3.25% (min $500), account review
• Hudson City Bank - 3.25% (min $5K) account review
• BankUnited - 3.15% (min $5K) account review
• Intervest - 3.05% (min $2.5K), account review
• Frontier Bank - 3.00% (min $50K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• iGobanking - 3.00% (min $500), account review
• Equity Bank - 3.00% (min $1K) account review
• Discover Bank - 2.95% (min $2.5K) account review
• American Express Bank - 2.90% (min $0) account review
• National Bank of KC - 2.90% (min $10K) account review
• Gateway Regional CU - 2.90% (min $1K) restrictions to membership, 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
• Ally Bank - 2.85% (min $0) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• Third Federal - 2.75% (min $500) account review
• Golf Savings Bank - 2.50% (min $10K) account review
• Tennessee Commerce Bank - 2.50% (min $5K) 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 - 3.61% (min $25K) account review
• Flagstar - 3.50% (min $500), account review
• iGobanking - 3.50% (min $500), account review
• Hudson City Bank - 3.50% (min $5K) account review
• State Bank of India - 3.44% (min $5K) account review
• USAA Bank - 3.41% (min $1K) (3.72% $175K min) account review
• OneWest Bank/IndyMac - 3.40% (min $5K) account review
• Mountain America CU - 3.40% (min $1K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Discover Bank - 3.40% (min $2.5K) account review
• Dime Savings Bank - 3.35% (min $500) account review
• Ally Bank - 3.35% (min $0) account review
• E-LOAN - 3.31% ($10K min) account review
• Intervest - 3.27% (min $2.5K), account review
• Equity Bank - 3.26% (min $1K) account review
• NASA FCU - 3.25% (55 mo) (min $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
• BankUnited - 3.25% (min $5K) account review
• Gateway Regional CU - 3.20% (min $1K) restrictions to membership, account review
• AIG Bank - 3.16% (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
• Patelco CU - 3.04% ($1K min), 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
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• Citibank - 3.00% (min $500) account review
• EverBank - 2.96% ($1.5K min) 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
• USA FCU - 2.53% (min $1K) account review
• FNBO Direct - 2.51% (min $500) account review
• Western FCU - 2.20% (min $40K) account review
• 1st Source Bank - 1.90% (min $500) account review

84-Month Certificate of Deposit:

• Apple FCU - 4.00% (min $50K) (4.20% 10yr) 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) (3.85% 10yr) account review
• Intervest - 3.29% (min $2.5K), account review
• Third Federal - 3.25% (6-yr) (min $500) account review
• Capital One/Costco - 2.45% (min $5K) account review
• Capital One - 2.40% (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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Bank Account Alternatives

• GE Interest Plus - 2.30% rate for $50k+
• Fidelity Money Market Fund - 0.15% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.17% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.15% 7-day yield
• Paypal Money Market Fund - 0.08% 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)