Bank Deals Weekly Summary for October 31, 2009

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

With today being Halloween, I've been thinking about a very scary possibility. It's something that will likely strike fear in many readers of this blog. It's an interest rate environment in which all bank accounts pay less than 1%. With rate cuts happening every week this year, I have thought about that possibility. There are some creatures out there that have reminded me that it could happen. One is ETrade Bank. Remember when their online savings account had a yield of 5.05% APY? It's now only 0.50%. But that's 10x the rate of their 3-month CD. Their top CD rate is only 1.10% on the 5-year term. Let's hope such scary interest rates will never invade all banks.

Economic data released this week showed both some good and bad news for savers. This BestCashCow article has a good analysis of this data from a savers' point of view.

The FDIC scared me a little yesterday with a late press release of nine bank failures with total assets of $19.4 billion. It was in one press release since all these banks were related as part of the bank holding company, FBOP Corporation. The two best known banks that failed were California National Bank and Park National Bank in Chicago. It didn't turn out to be scary for depositors. All deposits including those over the FDIC limit were assumed by U.S. Bank. In addition, U.S. Bank has agreed to honor all existing CD rates. The failures were a significant hit to the FDIC's Deposit Insurance Fund, costing it an estimated $2.5 billion.

Two major online banks were in the news this week. First, it was reported that ING Direct's Dutch parent, ING, will need to divest ING Direct by 2013. This shouldn't have any immediate effect to ING Direct customers. We'll have to wait and see what happens to ING Direct in the future (see post). The other bank in the news was Ally Bank. There were reports that its parent, GMAC, is in talks with the government for another round of support from taxpayers. As part of the agreement, there may be caps placed on Ally Bank's deposit rates (see post).

Savings Account Rates

It was another grim week for savings accounts. Rate cuts occurred at Ally Bank, American Express, Wilshire State Bank and several other banks.

There were a few small bright spots. I reported on a money market promotion at Southern Community Bank. The money market account has a 1.80% APY for balances of at least $25K with the rate guaranteed until 1/31/2010. It's a decent promo, but you may be better off with the 2.51% APY 3-month guarantee at EverBank or the 2.00% APY 3-month guarantee at 1st Constitution Direct. The highest non-promo rate continues to be at SFGI Direct which is offering a 2.25% APY with only a $25 minimum.

If you're getting tired of rate chasing, Alliant Credit Union may be your best bet. Alliant Credit Union's savings account will remain at 2.00% APY at least through November. Unlike some of these new online banks, Alliant has a long history of maintaining very competitive rates, and it continues to be financially healthy (see review).

Rate Hikes:

1. None

Rate Drops:

1. American Express Savings - 1.70% (was 1.85%)
2. Newton Savings Bank - 1.60% (was 1.80%)
3. Ally Bank Savings - 1.55% (was 1.70%)
4. Ally Bank MMA - 1.55% (was 1.65%)
5. Intervest MMA - 1.55% $2.5K+ (was 1.60%)
6. AIG Bank Savings - 1.51% $10K+ (was 1.55%)
7. Wilshire State Bank Savings - 1.50% (was 1.75%)
8. ADB Bank Direct Wealth MMA - 1.50% (was 1.60%)
9. Zions Bank MMA - 1.35% (was 1.40%)
10. State Farm Bank Checking - 1.35% (was 1.45%)
11. Total Bank e-Savings - 1.00% (was 1.25%)
12. iGObanking Checking - 0.50% (was 1.00%)

Certificate of Deposit Rates

UmbrellaBank came out with a competitive 12-month CD rate on Thursday of 2.10% APY. It then raised the rate again to 2.20% APY. This CD special may be related to the financial health of UmbrellaBank's parent, New South FSB. As I described in this post, they have the lowest ratings for safety and soundness, and the bank is trying to comply with an OTS Cease and Desist Order.

Some of the best CD rates continue to be from credit unions, many of which are financially healthy. These include Alliant Credit Union with a 2.30% APY 12-month CD, Digital Credit Union with a 2.00% APY 9-month CD and Northwest FCU with a 3.68% APY 60-month CD. Remember that many credit unions update their rates at the start of each month. Make sure you check with the credit unions on Monday for the November rates.

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

Best Nationwide CD Deals as of 10/31/09: 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% 9-mo CD at Digital CU (account review)
4. 2.30% 12-mo CD at Alliant CU (account review)
5. 2.25% 12-mo CD at Academy Bank (account review)
6. 2.25% 16-mo CD at DollarSavingsDirect (account review)
7. 2.40% 18-mo CD at Alliant CU (account review)
8. 2.55% 24-mo CD at Alliant CU (account review)
9. 2.50% 24-mo CD at Hudson City Savings (account review)
10. 3.00% 36-mo CD at Hudson City Savings (account review)
11. 3.00% 36-mo CD at Alliant CU (account review)
12. 3.25% 48-mo CD at Hudson City Savings (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 Hudson City Savings (account review)
17. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 10/31/09: 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% 6-mo CD ($25K max) at STC Capital Bank in Chicago (account review)
3. 2.50% 8-mo CD at Bartow County Bank in GA (account review)
4. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
5. 2.50% 12-mo CD at DOCO Regional FCU in GA & NC (account review)
6. 2.50% 13-mo CD & 2.26% 7-mo CD at The Farmers Bank in TN (account review)
7. 2.50% 16-mo Jumbo CD at Teachers FCU in NY (account review)
8. 2.78% 25-mo CD at Crane FCU in IN (account review)
9. 2.75% 24-mo CD at First Priority CU in MA (account review)
10. 2.50% 23-mo CD, 3.25% 42-mo CD & 2% 12-mo CD at Regions Bank in Many States (account review)
11. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
12. 4.25% 60-mo CD & 2.61% 12-mo CD at Universal 1 CU in Ohio (account review)
13. 4.07% 60-mo CD at IH Mississippi Valley CU in IL & IA (account review)
14. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
15. 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 3.25% and 5.00%. One is available nationwide. Unfortunately, it's the one with the 3.25% APY.

Banks that are offering reward checking accounts nationwide are definitely attracting customers, perhaps too many. Two weeks ago City National Bank cut its no-cap reward checking account from 3.28% to 2.65% APY. I reported this week of the bank warning a customer about making too many small debit card purchases.

First Arkansas Bank & Trust used to allow people from any state to apply. With their competitive 4.44% APY for balances up to $50K, they attracted many readers of this blog. A couple of months ago they restricted new accounts to only Arkansas residents, and now this week we learned of another change. FAB&T announced a rate reduction to 3.50% APY with the balance cap being reduced to $35K (see 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

• Uninsured IndyMac Depositors Ask FDIC Chairman for Help - Lessons To Be Learned
• Nine Banks of FBOP Corporation Closed - All Deposits Assumed by U.S. Bank
• GMAC Reported To Have Agreed to Deposit Rate Limitations
• ING Plans to Divest ING Direct - What It Might Mean for ING Direct Customers?
• Credit Union Liquidation without the NCUA

Savings Accounts - National

• Ally Bank Cuts Rates - Linked to the GMAC Bailout?
• 1.80% Money Market Account & 3% 36-Month CD at Southern Community Bank and Trust in NC - Available Nationwide
• Update on SFGI Direct - The Top Online Savings Account

CD Deals - National

• 2.10% 12-Month CD at UmbrellaBank - RATE HIKE
• 2.40% 15-Month CD & 2.00% 6-Month CD at Southern Commerce Bank in FL Continues - RATE CUT
• Update on Wilshire State's Bank Installment Savings Account
• 2.40% 24-Month Internet CD at Atlantic Coast Bank - Available Nationwide
• 2.60% 30-Month CD at Navy Federal Credit Union - Nationwide but Limited Membership

Checking/Savings Bonuses

• $150 Checking Account Bonus and Other Deposit Deals at Flushing Savings Bank in NY - Local Only

Reward Checking Accounts

• 3.25% Reward Checking Account at BankTexas - Available Nationwide
• 5.00% Reward Checking Account at Village Bank in MN - Local Only
• FAB&T Announces Major Cuts in Its Reward Checking Account - Future of Reward Checking?
• Another Case of a Bank Discouraging Small Debit Card Purchases in its Reward Checking Account
• 5.00% Reward Checking Account at Saginaw Medical FCU in MI - Local Only
• 3.30% Reward Checking Account at Texas Gulf Bank - Local Only

CD and Money Market Deals - Local

• 2.50% 12-Month CD at DOCO Regional FCU in GA & NC - Local Only
• 2.25% 12-Month & 1.90% 9-Month CD at Bank Midwest in MO & KS
• 2.00% 12-Month CD, 2.50% 23-Month CD & 3.25% 42-Month CD at Regions Bank in Several States
• Review of Sovereign Bank's Save & Invest CD Package
• 1.88% 6-Month CD at United Pacific Bank in California - Local Only
• 2.00% 12-Month Semi-Liquid CD at E-Central Credit Union in CA - Easy Membership
• 3.50% 60-Month CD at Banco Popular in CA, NY & FL - Local Only
• 2.00% Savings Account at Unity Bank in NJ & PA - Local Only
• 2.10% Savings Account & 2.15% 12-Month CD at Valliance Bank in Texas - 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 31, 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
• 1st Constitution Direct - 2.00% (min $100), 3 mo promo (1.96% $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
• Connexus CU - 1.90% MMA (min $20K) (2.25% $100K+) account review
• Discover Bank - 1.85% Savings (min $500) account review
• Flagstar - 1.81% MMA, account review
• Peoples Bank - 1.81% ($500 min) account review
• Southern Community Bank & Trust - 1.80% ($25K min) req chk, guaranteed to 1/31/10, account review
• EBSB Direct - 1.77% (min $50K) account review
• Clear Sky Accounts - 1.75% 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
• First Trade Union Bank - 1.75% ($2.5K min) account review
• Delta Community CU - 1.75% MMA (min $25K) 2.00% $100K+, account review
• UFB Direct - 1.75%, account review
• CNB Bank Direct - 1.70% account review
• Nationwide Bank - 1.70% MMA (min $1K) account review
• Bank of Internet - 1.70% MMA (min $100) account review
• American Express Bank - 1.70%, account review
• Union Federal Savings - 1.65% account review
• Heartland Bank Direct - 1.65% ($500 min), account review
• Bank of Internet - 1.65% Advantage Savings (min $100) account review
• DollarSavingsDirect - 1.60% ($1K min) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• Hudson City Savings - 1.60% (min $2.5K) account review
• Newtown Savings Bank - 1.60%, account review
• Salem Five Direct - 1.55% Savings, account review
• Savings Square - 1.55%, account review
• Intervest National Bank - 1.55% MMA (min $2.5K) account review
• Ally/GMAC Bank - 1.55% MMA account review
• Ally Bank - 1.55% Savings account review
• Amboy Direct - 1.51% (min $3K) (eSavings) account review ($50 bonus)
• WTDirect - 1.51% ($10K min), account review
• AIG Bank - 1.51% MMA (min $10K+) account review
• OneWest Bank - 1.50% (min $10K) account review
• 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
• ADB Bank - 1.50% account review
• Wilshire State Bank - 1.50%, chk required (min $500) account review
• ProvidentNJ Direct - 1.50% (min $10K) account review
• E-LOAN - 1.45% Savings Plus (min $5K) other requirements, account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• iGObanking - 1.41%, 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
• HSBC Direct - 1.35% account review
• Bank Provident Online - 1.35% (min $10) account review
• Zions Bank - 1.35% MMA, outside of Utah, (min $2.5K) account review
• State Farm Bank - 1.35% Checking (min $2.5K) 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
• UmbrellaBank - 1.25% MMA (min $1K) 1.60% ($50K+) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Citibank - 1.20% (Ultimate Savings) account review
• Capital One - 1.20% MMA, account review
• Discover Bank - 1.20% MMA (min $2.5K) (1.50% $10K-$50K, 1.60% $50K-$100K) account review
• Imperial Capital - 1.15% MMA ($2.5K min) (1.35% for $100K+) account review
• Bank of Internet - 1.15% Checking (min $5K) account review
• Charles Schwab - 1.05% Savings, account review
• OneUnited - 1.01% (min $1K), account review
• Grand Yield Direct - 1.01% Checking (min $2.5K), must have the grand yield direct savings account for 30 days
• Amegy Bank - 1.00% (min $1K) account review
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• TotalBank - 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)
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Charles Schwab - 0.75% Checking, account review
• ETrade Bank - 0.50%, account review
• iGObanking - 0.50% Checking, account review

3-Month Certificates of Deposit:

• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) account review
• MetLife Bank - 1.50% (min $25K) account review
• H&R Block Bank - 1.50% (min $5K) account review
• Consumers CU - 1.45% (min $500) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• Wilshire State Bank - 1.26% (min $1K) account review
• FirstFedDirect - 1.25% (min $10K), account review
• UFB Direct - 1.25% (min $8K)
• 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:

• 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
• America's CU - 1.75% (7 mo) (min $500) account review
• MetLife Bank - 1.65% (min $50K) account review
• TotalBank - 1.65% (min $1K) account review
• FirstFedDirect - 1.60% (min $10K), account review
• La Jolla Bank - 1.55% (min $10K), account review
• E-LOAN - 1.51% ($10K min) 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 - 1.45% ($2K min), account review
• Ally Bank - 1.45% (min $0) account review
• Excel National Bank - 1.45% (min $10K) 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
• MetLife Bank - 1.75% (min $25K) account review
• Acacia Federal Savings Bank - 1.75% (10-mo) (min $500) account review
• NewDominion Bank - 1.67% (min $3K) account review
• UmbrellaBank - 1.66% (min $1K) account review
• TotalBank - 1.65% (min $1K) account review
• FirstFedDirect - 1.65% (min $10K) account review
• Imperial Capital - 1.62% ($2K min), account review
• E-LOAN - 1.55% ($10K min) account review
• OneWest Bank - 1.50% (min $5K) account review
• NASA FCU - 1.50% (min $5K) account review
• Ally Bank - 1.50% (min $0) No-Penalty, account review
• Ally Bank - 1.45% (min $0) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• Bank of America - 0.60% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Alliant Credit Union - 2.30% (min $25K) account review
• Academy Bank - 2.25% (min $500) 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
• UmbrellaBank - 2.20% (min $1K) account review
• Frontier Bank - 2.10% (min $50K) account review
• Amboy Direct - 2.10% Add-On (min $10K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• Northpointe Bank - 2.05% (min $5K) account review
• Bank of Internet - 2.02% (min $1K) account review
• State Bank of India - 2.02% (min $5K) account review
• Pacific Mercantile Bank - 2.01% (min $10K) account review
• Franklin Synergy Bank - 2.01% account review
• MetLife Bank - 2.00% (min $25K) account review
• Consumers CU - 2.00% (15-mo) (min $250) (2.25% $100K+) account review
• NewDominion Bank - 2.00% (min $3K) account review
• Discover Bank - 2.00% (min $2.5K) account review
• Ascencia Bank - 2.00% (min $500), account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Delta Community CU - 2.00% (min $1K) account review
• America's CU - 2.00% (13 mo) (min $500) account review
• Credit Union of Georgia - 1.97% (min $50K), account review
• USAA Bank - 1.95% (15 mo) (min $1K) (2.25% $175K min) account review
• Acacia Federal Savings Bank - 1.95% (min $500) account review
• Golf Savings Bank - 1.95% (min $10K) account review
• Ally Bank - 1.95% (min $0) account review
• AIG Bank - 1.91% (min $2.5K) account review
• Nationwide Bank - 1.90% (min $500) account review
• La Jolla Bank - 1.85% (min $10K), account review
• E-LOAN - 1.81% ($10K min) account review
• Imperial Capital - 1.78% ($2K min), account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• ISN Bank - 1.77% (min $1K) account review
• ING Direct - 1.75% (min $1) account review
• BankUnited - 1.75% (min $5K) account review
• Wilshire State Bank - 1.75% (min $1K) account review
• Connexus CU - 1.75% (min $500) account review
• Wilshire State Bank - 1.75% (min $10K), liquid features, account review
• Equity Bank - 1.74% (min $1K) account review
• OneWest Bank - 1.70% (min $5K) account review
• TotalBank - 1.65% (min $1K) account review
• Tennessee Commerce Bank - 1.60% (min $5K) account review
• Northwest FCU - 1.57% (min $500) add-on, account review
• Geauga Savings Bank - 1.55% (min $1K) account review
• Fifth Third - 1.50% (13 mo) (min $5K) not all states, account review
• UFB Direct - 1.50% (min $8K)
• HSBC Direct - 1.50% (min $10) account review
• Bank of America DOW - 1.45% (min $1K) account review
• OneWest Bank/IndyMac - 1.45% (min $5K) liquid CD, account review
• iGobanking - 1.00% (min $500), 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
• Academy Bank - 2.25% (min $500) account review
• Security Savings Bank - 2.25% (min $500) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 10/31 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
• Southeast Financial FCU - 2.25% (min $500) account review
• Flagstar - 2.25% (min $500), account review
• NASA FCU - 2.20% (min $5K) account review
• MetLife Bank - 2.15% (min $25K) account review
• Nationwide Bank - 2.10% (min $500) account review
• UmbrellaBank - 2.10% (min $1K), account review
• Discover Bank - 2.05% (min $2.5K), account review
• Equity Bank - 2.05% (min $1K) account review
• Northpointe Bank - 2.05% (17-mo) (min $5K) account review
• NewDominion Bank - 2.03% (min $3K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• AIG Bank - 1.96% (min $2.5K) account review
• Ally Bank - 1.95% (min $0) account review
• OneWest Bank - 1.75% (min $5K) account review

24-Month Certificates of Deposit:

• Frontier Bank - 2.55% (min $50K) account review
• Alliant Credit Union - 2.55% (min $25K) account review
• Northrop Grumman FCU - 2.52% (min $40K), account review
• Security Savings Bank - 2.50% (23 mo) (min $500) account review
• Hudson City Bank - 2.50% (min $5K) account review
• Northpointe Bank - 2.50% (min $5K) account review
• Melrose CU - 2.47% (min $5K) account review
• Equity Bank - 2.40% (min $1K) account review
• Northwest FCU - 2.38% (min $500) add-on, account review
• American Express Bank - 2.35% (min $0) account review
• Discover Bank - 2.35% (min $2.5K) account review
• Southeast Financial FCU - 2.35% (min $500) account review
• MetLife Bank - 2.35% (min $25K) account review
• State Bank of India - 2.32% (min $5K) account review
• Gateway Regional CU - 2.30% (min $1K) restrictions to membership, account review
• Capital One - 2.30% (min $5K) account review
• NewDominion Bank - 2.28% (min $3K) account review
• ISN Bank - 2.28% (min $1K) account review
• AIG Bank - 2.26% (min $2.5K) account review
• Academy Bank - 2.25% (min $500) account review
• USAA Bank - 2.25% (min $1K) (2.56% $175K min) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• America's CU - 2.25% (25 mo) (min $500) account review
• E-LOAN - 2.20% ($10K min) account review
• OneWest Bank/IndyMac - 2.20% (min $5K) account review
• Ally Bank - 2.20% (min $0) account review
• Fifth Third - 2.15% (min $5K) not all states, account review
• Bank of America DOW - 2.11% (min $1K) account review
• BankUnited - 2.10% (min $5K) account review
• EverBank - 2.10% ($1.5K min) 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
• iGobanking - 1.70% (min $500), account review

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
• Southern Community Bank & Trust - 3.00% (min $500) account review
• Melrose CU - 2.98% (min $5K) account review
• Security Savings Bank - 2.90% (35 mo) (min $500) account review
• Frontier Bank - 2.80% (min $50K) account review
• Equity Bank - 2.76% (min $1K) account review
• Acacia Federal Savings Bank - 2.75% (min $500) account review
• Discover Bank - 2.75% (min $2.5K) account review
• American Express Bank - 2.75% (min $0) account review
• Air Force FCU - 2.75% (min $25K) membership restrictions account review
• NewDominion Bank - 2.71% (min $3K) account review
• Intervest - 2.70% (min $2.5K), account review
• State Bank of India - 2.68% (min $5K) account review
• Gateway Regional CU - 2.65% (min $1K) restrictions to membership, account review
• Ally Bank - 2.60% (min $0) account review
• AIG Bank - 2.56% (min $2.5K) account review
• H&R Block Bank - 2.50% (min $250) account review
• Pentagon Federal CU - 2.50% (min $1K), account review
• Nationwide Bank - 2.40% (min $500) account review
• Agriculture FCU - 2.40% (min $1K) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• iGobanking - 2.30% (min $500), account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.22% (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
• Alliant Credit Union - 3.25% (min $25K) account review
• BankUnited - 3.15% (min $5K) account review
• Equity Bank - 3.00% (min $1K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Frontier Bank - 3.00% (min $50K) account review
• Intervest - 3.00% (min $2.5K), account review
• Discover Bank - 2.95% (min $2.5K) account review
• Gateway Regional CU - 2.90% (min $1K) restrictions to membership, 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
• Ally Bank - 2.80% (min $0) account review
• iGobanking - 2.80% (min $500), account review
• Third Federal - 2.75% (min $500) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• Tennessee Commerce Bank - 2.50% (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 - 3.68% (min $25K) account review
• Hudson City Bank - 3.50% (min $5K) account review
• iGobanking - 3.50% (min $500), account review
• Flagstar - 3.50% (min $500), 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
• OneWest Bank/IndyMac - 3.40% (min $5K) account review
• USAA Bank - 3.36% (min $1K) (3.67% $175K min) account review
• Dime Savings Bank - 3.35% (min $500) 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
• US Bank - 3.25% (59 mo) (min $1K) account review
• BankUnited - 3.25% (min $5K) account review
• American Express Bank - 3.25% (min $0) account review
• Connexus CU - 3.25% (min $1K) account review
• Frontier Bank - 3.25% (min $50K) account review
• Alliant Credit Union - 3.25% (min $25K) account review
• NASA FCU - 3.25% (55 mo) (min $5K) account review
• Ally Bank - 3.25% (min $0) account review
• Gateway Regional CU - 3.20% (min $1K) restrictions to membership, account review
• Nationwide Bank - 3.15% (min $500) account review
• Agriculture FCU - 3.15% (min $1K), account review
• AIG Bank - 3.11% (min $2.5K) 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
• Citibank - 3.00% (min $500) account review
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• Third Federal - 3.00% (min $500) account review
• Pentagon Federal CU - 3.00% (min $1K), 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 - 2.21% (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) (4.20% 10yr) 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 - 3.31% (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+
• Vanguard Prime Money Market Fund - 0.16% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.14% 7-day yield
• Fidelity Money Market Fund - 0.12% 7-day yield (reviews on Fatwallet)
• Paypal Money Market Fund - 0.07% 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)