Bank Deals Weekly Summary for November 7, 2009

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

The Fed finished another FOMC meeting this week, and they continue to say that conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period." With unemployment rate rising above 10%, I'm afraid there's little chance of rates going up any time soon. As this Calculated Risk blog post described, a rate hike before 2011 is unlikely based on unemployment and the Fed's history in past recessions.

Five banks failed on Friday with the largest failure at United Commercial Bank which had $11.2 billion in assets. The FDIC estimates that this will cost the Deposit Insurance Fund $1.4 billion. It may also cost the taxpayers. According to the LA Times:

United Commercial's collapse may cause a greater-than-usual stir because a year ago the federal government invested $299 million in bailout funds in the bank in exchange for preferred stock, which was made worthless by the failure.

There's good news for United Commercial Bank depositors. Not only were all deposits (even those above the FDIC limit) assumed by East West Bank, but East West Bank also agreed to honor all United Commercial Bank CD rates until maturity.

The Treasury released new I Bond rates on Monday. For a change the Treasury increased the fixed rate. It's still low at 0.30%, but at least it's a step in the right direction. With an inflation component of 3.06%, the total annualized rate for new I Bonds is 3.36%. Considering the I Bond tax friendly features along with the possibility of high inflation, this is competitive compared to current CD rates. Unfortunately, there's a purchase limit of $10K per calendar year (see post).

Savings Account Rates

It was another disappointing week for savings accounts. The 2% savings account continues to become rarer. SFGI Direct once again stopped accepting new applicants for its 2.25% savings account (see post). ShoreBank cut its internet savings account rate from 2.15% to 1.95% APY.

The only remaining non-promo, nationwide savings accounts with rates of at least 2% are those offered by Alliant Credit Union, SmartyPig and Redneck Bank (and its sister banks). Out of these three, Alliant Credit Union's savings account has the fewest limitations. SmartyPig's savings account is complicated with the goal requirements, and Redneck Bank's savings account limits the 2% to the first $35K balance.

Rate Hikes:

1. None

Rate Drops:

1. SFGI Direct no longer accepting new applicants
2. Shore Bank Savings - 1.95% (was 2.15%)
3. 1st Constitution Direct Savings - 1.85% $10K+ (was 1.96%)
4. Discover Bank Savings - 1.75% (was 1.85%)
5. Connexus CU MMA - 1.75% $50K+ (was 2.00%)
6. UFB Direct Savings - 1.70% (was 1.75%)
7. First Trade Union Bank MMA - 1.65% (was 1.75%)
8. Nationwide Bank MMA - 1.60% (was 1.70%)
9. Delta Community CU MMA - 1.50% $25K+ (was 1.75%)
10. OneWest Bank Savings - 1.40% $10K+ (was 1.50%)
11. Amegy Bank MMA - 0.90% to 1.10% (was 1% to 1.20%)

Certificate of Deposit Rates

CD rates continue to trend downward. Banks that cut their CD rates this week included Discover Bank, Ally Bank, Acacia Federal Savings and OneWest Bank.

I put Century Bank Direct back on my CD list this week with four very competitive CD rates ranging from 1.70% APY for 5 months to 2.35% APY for 30 months.

I also added another bank on the list which is currently accepting applicants from all states. Jacksonville Bank is offering a 2.60% APY 24-month CD and a 2.25% APY 12-month CD.

In addition to being the leader for savings account rates, Alliant Credit Union continues to be near the top for CD rates especially for its jumbo CDs which 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 11/07/09: 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. 2.09% 10-mo CD at Century Bank Direct (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% 12-mo CD at Jacksonville Bank (account review)
8. 2.25% 15-mo CD at Century Bank Direct (account review)
9. 2.25% 16-mo CD at DollarSavingsDirect (account review)
10. 2.40% 18-mo CD at Alliant CU (account review)
11. 2.35% 20-mo CD at Century Bank Direct (account review)
12. 2.60% 24-mo CD at Jacksonville Bank (account review)
13. 2.55% 24-mo CD at Alliant CU (account review)
14. 2.50% 24-mo CD at Hudson City Savings (account review)
15. 3.00% 36-mo CD at Hudson City Savings (account review)
16. 3.00% 36-mo CD at Alliant CU (account review)
17. 3.25% 48-mo CD at Hudson City Savings (account review)
18. 3.80% 60-mo CD at Melrose CU (account review)
19. 3.70% 60-mo CD at Apple FCU (account review)
20. 3.50% 60-mo CD at Hudson City Savings (account review)
21. 3.40% 60-mo CD at Mountain America CU (account review)

Best Local CD Deals as of 11/07/09: 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. 2.35% 8-mo CD at Bartow County Bank in GA (account review)
4. 2.78% 12-mo CD & 3.09% 27-mo CD at Wings Financial CU in MN (account review)
5. 2.58% 12-mo CD at Fort Bragg FCU in NC (account review)
6. 2.50% 12-mo CD at DOCO Regional FCU in GA & NC (account review)
7. 2.50% 13-mo CD & 2.26% 7-mo CD at The Farmers Bank in TN (account review)
8. 2.40% 16-mo Jumbo CD at Teachers FCU in NY (account review)
9. 2.38% 16-mo Jumbo CD & 2.15% 6-mo Jumbo CD at Mega Bank in CA (account review)
10. 2.17% 17-mo CD at Royal Asian Bank in PA, NJ & NY (account review)
11. 2.78% 25-mo CD at Crane FCU in IN (account review)
12. 2.50% 23-mo CD, 3.25% 42-mo CD & 2% 12-mo CD at Regions Bank in Many States (account review)
13. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
14. 4.07% 60-mo CD at IH Mississippi Valley CU in IL & IA (account review)
15. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
16. 3.75% 60-mo CD at First National Bank of Long Island in NY (account review)
17. 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 4.01% and 5.01%. The one offering 4.01% APY is South Division Credit Union which is based in Illinois. The credit union appears to make it easy for anyone in the nation to join (see post).

Just like savings account and CD rates, we're seeing many banks and credit unions cutting their reward checking rates. One big disappointment this week was at Charter Bank which had been offering a top nationwide reward checking account for last two years. The rate had recently been 4.01% APY for the first $25K. Now the top rate is only 1.25% APY. Charter Bank made improvements in that up to $50K now qualifies for the top rate. Also, only one debit card purchase per month is now required. However, these improvements are meaningless when the top rate is only 1.25% APY. With such a low rate, the account is no longer a better alternatives to online savings accounts (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

• Five Banks Fail including United Commercial Bank
• Fed Still Saying Exceptionally Low Rates for Extended Period
• Treasury Announces New I Bond Rate of 3.36% - Fixed Rate of 0.30%
• History of the Government's Intervention into GMAC and Ally Bank
• More Reviews of Risks with Privately Insured Credit Unions

Savings Accounts - National

• Last Chance at the 2.25% Savings Account at SFGI Direct?
• Flagstar Bank Launches New Internet Website

CD Deals - National

• 2.25% 12-Month CD & 2.60% 24-Month CD at Jacksonville Bank - Available Nationwide
• 2.09% 10-Month CD & 2.25% 15-Month CD at Century Bank Direct - Available Nationwide
• $25 Bonus On Discover Bank's CDs - Nationally Available

Checking/Savings Bonuses

• Update on Bank of the West $100 Checking Account Promotion
• $50 Checking Account Bonus with No DD at Perkstreet Financial - Available Nationwide
• $150 Checking Account Bonus at First Tennessee Bank - Local Only
• $150 Checking Account Bonus at National City Bank in Some States

Reward Checking Accounts

• 5.01% Reward Checking Account at CharterBank in GA & AL - Local Only
• 5.01% Reward Checking Account at Citizens First Bank in Iowa - Local Only
• 4.01% Reward Checking Account at South Division Credit Union in Illinois - Available Nationwide
• Charter Bank Slashes the Rate on its Nationwide Reward Checking Account
• 4.50% Reward Checking Account at First Federal in North Carolina - Local Only

CD and Money Market Deals - Local

• 2.27% 15-Month CD at Central Bank of Kansas City - Local Only
• 2.38% 16-Month & 2.15% 6-Month Jumbo CDs at Mega Bank in California - Local Only
• 2.10% 12-Month CD & 2.50% 24-Month CD at The Mint National Bank in Texas - Local Only
• 2.50% 17-Month CD at Royal Asian Bank in PA, NJ & NY - Local Only
• 3.56% 60-Month CD & 3.30% 48-Month CD at Qualtrust Credit Union in Texas - Local Only
• 2.27% Jumbo 12-Month CD at AllSouth Credit Union in South Carolina - Local Only
• World Series CD Special at South Jersey FCU - EXPIRED
• Savings and CD Specials (2.75% for 120 days, 3.75% 5-year CD) at a First National Bank of Long Island Branch in NY - Local Only
• 2.78% 12-Month CD &t 3.09% 27-Month CD at Wings Financial CU in MN & Other Places with Limited Membership
• 2.00% 9-Month CD & 2.50% 20-Month CD at Institution for Savings in MA - Local Only
• 2.10% 19-Month CD & 1.90% 6-Month CD at First Commercial Bank of Florida - Local Only
• 2.00% 11-Month CD at Stillwater National Bank in OK - Local Only
• 2.07% 12-Month CD at Mile High Banks in Colorado - 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 under $100,000. 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 November 7, 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), NOT accepting new customers, 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
• 1st Constitution Direct - 2.00% (min $100), 3 mo promo (1.85% $10K+ stnd) account review
• ShoreBank - 1.95%, 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
• Flagstar - 1.80% MMA, account review
• EBSB Direct - 1.77% (min $50K) 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
• Discover Bank - 1.75% Savings (min $500) account review
• American Express Bank - 1.70%, account review
• Bank of Internet - 1.70% MMA (min $100) account review
• CNB Bank Direct - 1.70% account review
• UFB Direct - 1.70%, 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
• First Trade Union Bank - 1.65% ($2.5K min) account review
• Newtown Savings Bank - 1.60%, account review
• Hudson City Savings - 1.60% (min $2.5K) account review
• Capital One - 1.60% (Savings) (min $10K) account review
• DollarSavingsDirect - 1.60% ($1K min) account review
• Nationwide Bank - 1.60% MMA (min $1K) account review
• Ally Bank - 1.55% Savings account review
• Ally/GMAC Bank - 1.55% MMA account review
• Intervest National Bank - 1.55% MMA (min $2.5K) account review
• Savings Square - 1.55%, account review
• Salem Five Direct - 1.55% Savings, account review
• WTDirect - 1.51% ($10K min), account review
• ProvidentNJ Direct - 1.50% (min $10K) account review
• Wilshire State Bank - 1.50%, chk required (min $500) account review
• ADB Bank - 1.50% account review
• 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
• AIG Bank - 1.50% MMA (min $10K+) account review
• Delta Community CU - 1.50% MMA (min $25K) 1.75% $100K+, account review
• Connexus CU - 1.50% MMA (min $20K) (2.00% $100K+) 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
• 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)
• OneWest Bank - 1.40% (min $10K) account review
• State Farm Bank - 1.35% Checking (min $2.5K) account review
• Zions Bank - 1.35% MMA, outside of Utah, (min $2.5K) account review
• Bank Provident Online - 1.35% (min $10) account review
• HSBC Direct - 1.35% account review
• Amboy Direct - 1.31% (min $3K) (eSavings) account review ($50 bonus)
• 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
• UmbrellaBank - 1.25% MMA (min $1K) 1.60% ($50K+) 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 - 1.14% MMA ($2.5K min) (1.34% for $100K+) account review
• Discover Bank - 1.10% MMA (min $2.5K) (1.50% $10K-$50K, 1.60% $50K-$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
• TotalBank - 1.00% (min $1K) account review
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• Amegy Bank - 0.90% (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
• iGObanking - 0.50% 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
• 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
• FirstFedDirect - 1.25% (min $10K), account review
• Imperial Capital - 1.22%, ($2K min), account review
• UFB Direct - 1.22% (min $8K)
• Ally Bank - 1.10% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review

6-Month Certificates of Deposit:

• America's CU - 1.75% (7 mo) (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
• Jacksonville Bank - 1.75% (min $1K) account review
• Century Bank Direct - 1.70% (5 mo) (min $1K) account review
• TotalBank - 1.65% (min $1K) account review
• MetLife Bank - 1.65% (min $50K) account review
• Ascencia Bank - 1.63% (min $500), 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
• UmbrellaBank - 1.50% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• Imperial Capital - 1.46% ($2K min), account review
• Ally Bank - 1.45% (min $0) account review
• Excel National Bank - 1.40% (min $10K) account review
• E-LOAN - 1.40% ($10K 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
• Century Bank Direct - 2.09% (10 mo) (min $1K) 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 $50K) 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 - 1.60% ($2K min), account review
• Ally Bank - 1.49% (min $0) No-Penalty, account review
• Ally Bank - 1.45% (min $0) account review
• E-LOAN - 1.45% ($10K min) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• NASA FCU - 1.25% (min $5K) account review
• OneWest Bank - 1.25% (min $5K) 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
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Academy Bank - 2.25% (min $500) account review
• Century Bank Direct - 2.25% (15 mo) (min $1K) account review
• Jacksonville Bank - 2.25% (min $1K) account review
• Melrose CU - 2.22% (min $5K) account review
• Amboy Direct - 2.10% Add-On (min $10K) account review
• Frontier Bank - 2.10% (min $50K) account review
• UmbrellaBank - 2.10% (min $1K) account review
• Northpointe Bank - 2.05% (min $5K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• ISN Bank - 2.02% (min $1K) account review
• Bank of Internet - 2.02% (min $1K) account review
• Franklin Synergy Bank - 2.01% account review
• Pacific Mercantile Bank - 2.01% (min $10K) account review
• Acacia Federal Savings Bank - 2.00% (min $500) account review
• America's CU - 2.00% (13 mo) (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Ascencia Bank - 2.00% (min $500), 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
• State Bank of India - 1.96% (min $5K) account review
• Ally Bank - 1.95% (min $0) account review
• Golf Savings Bank - 1.95% (min $10K) account review
• Nationwide Bank - 1.90% (min $500) account review
• AIG Bank - 1.90% (min $2.5K) account review
• USAA Bank - 1.90% (15 mo) (min $1K) (2.20% $175K min) account review
• Discover Bank - 1.90% (min $2.5K) account review
• BankUnited - 1.85% (min $5K) account review
• La Jolla Bank - 1.85% (min $10K), account review
• Delta Community CU - 1.85% (min $1K) account review
• Seacoast Commerce Bank - 1.78% (min $10K) account review
• Equity Bank - 1.76% (min $1K) account review
• Wilshire State Bank - 1.75% (min $10K), liquid features, account review
• Connexus CU - 1.75% (min $500) account review
• Wilshire State Bank - 1.75% (min $1K) account review
• ING Direct - 1.75% (min $1) account review
• Imperial Capital - 1.75% ($2K min), account review
• E-LOAN - 1.75% ($10K min) account review
• TotalBank - 1.65% (min $1K) account review
• OneWest Bank - 1.65% (min $5K) account review
• Tennessee Commerce Bank - 1.60% (min $5K) account review
• Geauga Savings Bank - 1.55% (min $1K) account review
• Northwest FCU - 1.54% (min $500) add-on, account review
• HSBC Direct - 1.50% (min $10) account review
• Fifth Third - 1.50% (13 mo) (min $5K) not all states, account review
• Bank of America DOW - 1.45% (min $1K) account review
• OneWest Bank/IndyMac - 1.40% (min $5K) liquid CD, account review
• UFB Direct - 1.25% (min $8K)
• 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
• Century Bank Direct - 2.35% (20 mo) (min $1K) account review
• Flagstar - 2.25% (min $500), account review
• Southeast Financial FCU - 2.25% (min $500) 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 11/07 account review
• Security Savings Bank - 2.25% (min $500) account review
• Academy Bank - 2.25% (min $500) account review
• MetLife Bank - 2.15% (min $25K) account review
• UmbrellaBank - 2.10% (min $1K), account review
• Nationwide Bank - 2.07% (min $500) account review
• Northpointe Bank - 2.05% (17-mo) (min $5K) account review
• Equity Bank - 2.05% (min $1K) account review
• NewDominion Bank - 2.03% (min $3K) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• NASA FCU - 2.00% (min $5K) account review
• AIG Bank - 1.96% (min $2.5K) account review
• Discover Bank - 1.95% (min $2.5K), account review
• Ally Bank - 1.94% (min $0) account review
• OneWest Bank - 1.70% (min $5K) account review

24-Month Certificates of Deposit:

• Jacksonville Bank - 2.60% (min $1K) account review
• Alliant Credit Union - 2.55% (min $25K) account review
• Frontier Bank - 2.55% (min $50K) account review
• Northrop Grumman FCU - 2.51% (min $40K), account review
• Northpointe Bank - 2.50% (min $5K) account review
• Hudson City Bank - 2.50% (min $5K) account review
• Security Savings Bank - 2.50% (23 mo) (min $500) account review
• ISN Bank - 2.48% (min $1K) 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
• American Express Bank - 2.35% (min $0) account review
• Capital One - 2.30% (min $5K) account review
• Gateway Regional CU - 2.30% (min $1K) restrictions to membership, account review
• NewDominion Bank - 2.28% (min $3K) account review
• State Bank of India - 2.27% (min $5K) account review
• America's CU - 2.25% (25 mo) (min $500) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• Academy Bank - 2.25% (min $500) account review
• AIG Bank - 2.25% (min $2.5K) account review
• Discover Bank - 2.25% (min $2.5K) account review
• Northwest FCU - 2.24% (min $500) add-on, account review
• Ally Bank - 2.20% (min $0) account review
• USAA Bank - 2.20% (min $1K) (2.51% $175K min) account review
• E-LOAN - 2.16% ($10K min) account review
• Fifth Third - 2.15% (min $5K) not all states, account review
• Bank of America DOW - 2.11% (min $1K) 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
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• iGobanking - 1.70% (min $500), account review

36-Month Certificate of Deposit:

• Southern Community Bank & Trust - 3.00% (min $500) account review
• 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
• Jacksonville Bank - 2.90% (min $1K) account review
• Frontier Bank - 2.80% (min $50K) account review
• Equity Bank - 2.76% (min $1K) account review
• Air Force FCU - 2.75% (min $25K) membership restrictions account review
• Acacia Federal Savings Bank - 2.75% (min $500) account review
• Dime Savings Bank - 2.75% (min $500) account review
• NewDominion Bank - 2.71% (min $3K) account review
• Intervest - 2.68% (min $2.5K), account review
• iGobanking - 2.65% (min $500), account review
• Gateway Regional CU - 2.65% (min $1K) restrictions to membership, account review
• State Bank of India - 2.63% (min $5K) account review
• Discover Bank - 2.60% (min $2.5K) account review
• AIG Bank - 2.55% (min $2.5K) account review
• Ally Bank - 2.55% (min $0) account review
• Pentagon Federal CU - 2.50% (min $1K), account review
• H&R Block Bank - 2.50% (min $250) account review
• American Express Bank - 2.50% (min $0) 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 - 2.23% (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
• Frontier Bank - 3.00% (min $50K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Equity Bank - 3.00% (min $1K) account review
• Intervest - 2.95% (min $2.5K), 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
• iGobanking - 2.80% (min $500), account review
• USAA Bank - 2.80% (min $1K) (3.10% $175K min) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• Third Federal - 2.75% (min $500) account review
• Ally Bank - 2.75% (min $0) account review
• American Express Bank - 2.75% (min $0) account review
• Discover Bank - 2.75% (min $2.5K) 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 - 3.58% (min $25K) account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• Flagstar - 3.50% (min $500), account review
• Hudson City Bank - 3.50% (min $5K) account review
• State Bank of India - 3.39% (min $5K) account review
• Dime Savings Bank - 3.35% (min $500) account review
• Discover Bank - 3.35% (min $2.5K) account review
• Intervest - 3.27% (min $2.5K), account review
• Equity Bank - 3.26% (min $1K) account review
• USAA Bank - 3.26% (min $1K) (3.57% $175K min) 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
• OneWest Bank/IndyMac - 3.25% (min $5K) account review
• Mountain America CU - 3.25% (min $1K) account review
• Gateway Regional CU - 3.20% (min $1K) restrictions to membership, account review
• E-LOAN - 3.20% ($10K min) account review
• Agriculture FCU - 3.15% (min $1K), account review
• Nationwide Bank - 3.15% (min $500) account review
• NASA FCU - 3.15% (55 mo) (min $5K) account review
• Navy FCU - 3.10% ($20K min) (3.25% for $100K+) restrictions to membership, account review
• AIG Bank - 3.10% (min $2.5K) account review
• Ally Bank - 3.10% (min $0) account review
• Patelco CU - 3.04% ($1K min), account review
• Pentagon Federal CU - 3.00% (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
• US Bank - 3.00% (59 mo) (min $1K) account review
• iGobanking - 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 - 1.70% (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 - 3.45% (min $2.5K) (3.70% 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
• Arizona deals and CD rates
• Arkansas deals and CD rates
• California deals and CD rates
• Colorado deals and CD rates
• Connecticut deals and CD rates
• Delaware deals and CD rates
• District of Columbia deals and CD rates
• Florida deals and CD rates
• Georgia deals and CD rates
• Hawaii deals and CD rates
• Idaho deals and CD rates
• Illinois deals and CD rates
• Indiana deals and CD rates
• Iowa deals and CD rates
• Kansas deals and CD rates
• Kentucky deals and CD rates
• Louisiana deals and CD rates
• Maine deals and CD rates
• Maryland deals and CD rates
• Massachusetts deals and CD rates
• Michigan deals and CD rates
• Minnesota deals and CD rates
• Mississippi deals and CD rates
• Missouri deals and CD rates
• Montana deals and CD rates
• Nebraska deals and CD rates
• Nevada deals and CD rates
• New Hampshire deals and CD rates
• New Jersey deals and CD rates
• New Mexico deals and CD rates
• New York deals and CD rates
• North Carolina deals and CD rates
• North Dakota deals and CD rates
• Ohio deals and CD rates
• Oklahoma deals and CD rates
• Oregon deals and CD rates
• Pennsylvania deals and CD rates
• Rhode Island deals and CD rates
• South Carolina deals and CD rates
• South Dakota deals and CD rates
• Tennessee deals and CD rates
• Texas deals and CD rates
• Utah deals and CD rates
• Vermont deals and CD rates
• Virginia deals and CD rates
• Washington State deals and CD rates
• West Virginia deals and CD rates
• Wisconsin deals and CD rates
• Wyoming deals and CD rates

Bank Account Alternatives

• GE Interest Plus - 2.30% rate for $50k+
• Vanguard Prime Money Market Fund - 0.15% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.13% 7-day yield
• Fidelity Money Market Fund - 0.09% 7-day yield (reviews on Fatwallet)
• Paypal Money Market Fund - 0.08% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.02% 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)