Bank Deals Weekly Summary for November 21, 2009

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

How long of a CD term should should you choose? It's a tough question when rates are very low, and no one knows when rates will start rising. A commenter provided a good review of some statements made this week by the head of the Fed's St. Louis branch:

This week, the head of the Fed's St. Louis branch, James Bullard, caused a stir when he suggested that the central bank might wait until 2012 to begin lifting rates.

Bullard didn't say that the Fed would wait that long, but he noted that after the last two recessions (1990-91 and 2001) it took 2 1/2 to three years before policymakers began to tighten credit. If the recession that began in 2008 ended last summer, the timetable of the last two downturns would leave the Fed on hold until the first half of 2012.

However, Bullard did acknowledge that the Fed is aware of the possible dangers of keeping rates low for too long. You can read more about this news in this WSJ article.

This sentiment that interest rates may stay low for an extended period was also seen in the Treasury market. From the LA Times:

The drop in the two-year T-note yield shows that buyers believe there's little risk in locking in a yield of well under 1% until 2011. In turn, that implies growing faith that the Federal Reserve won't be raising its benchmark short-term rate from near zero any time soon -- maybe not even in the second half of 2010, which had seemed like a reasonable window for a Fed hike.

On Wednesday the Bureau of Labor Statistics released the consumer price index data for October. The CPI increased a seasonally adjusted 0.3% in October which was a little higher than what had been expected. Nevertheless, according to this MarketWatch article:

The CPI report indicates little inflationary pressure in an economy that is still underperforming on an historical scale.

Another indication that inflation is relatively subdued was the news from the American Farm Bureau Federation that the cost of Thanksgiving dinner is down from last year. I just wanted to bring up something that we savers can be thankful for this Thanksgiving.

This was a quiet week in regards to bank closures. Only one small bank in Florida failed on Friday. The biggest closure news this week happened to be the temporary closure of this blog. Google mysteriously removed it for about 24 hours starting on Wednesday afternoon. After I pleaded for help on the blogger help forum, Google was able to restore it with everything intact. Special thanks goes to the readers who showed their support on that blogger help thread. Also, thanks to everyone who emailed me with their support.

Savings Account Rates

This was another week with several savings account rate cuts. EverBank continues to offer its 3-month promo interest rate of 2.51% for its checking and money market account. I have a feeling this might not last much longer. This can be a good deal for those who are not EverBank customers, but there are some issues as I described in this account review.

For those who prefer to stick with a well-known bank, Bank of America is still offering a decent money market promotion with a 1.50% APY guaranteed to next April (see review).

Rate Hikes:

1. None

Rate Drops:

1. Bank of Internet High Yield Savings - 1.70% (was 1.75%)
2. Bank of Internet Money Market Savings - 1.65% (was 1.70%)
3. Bank of Internet Advantage Savings - 1.60% (was 1.65%)
4. Union Federal Savings - 1.60% (was 1.65%)
5. Heartland Bank Direct Savings - 1.51% (was 1.65%)
6. Nationwide Bank MMA - 1.50% (was 1.60%)
7. FNBO Direct Savings - 1.40% (was 1.50%)
8. Apple Bank's Grand Yield Direct Savings - 1.40% (was 1.50%)
9. Bank of America NEA MMA - 1.25% (was 1.40%)
10. UmbrellaBank MMA - 1.10% (was 1.25%)
11. Bank of Internet Checking - 1.10% (was 1.15%)

Certificate of Deposit Rates

We lost some good CD deals this week. Century Bank Direct had been offering very competitive rates for terms of 5 to 20 months, but these rates were slashed this week. Also, Dollar Savings Direct finally cut its 16-month CD rate. It had been 2.25% APY for many months. Since they no longer list the rate on their website, I called today and was told it's now 2.00% APY. Update 11/22/09: Called again after reader said it's still listed as 2.25% APY when logged in. According to second CSR, it's still 2.25% APY.

There were a couple of small bright spots this week. Pentagon Federal Credit Union is offering a good deal for those who have PenFed CDs maturing in January. Also, ING Direct will be offering a Black Friday CD sale after Thanksgiving. There's no word yet on what the rates may be. I'm hoping it will be at least as competitive as their Added Value CD special which offered a 2.25% APY 12-month CD last month.

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

Best Nationwide CD Deals as of 11/21/09: 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. 1.50% money market with rate guaranteed to Apr 2010 at Bank of America (account review)
3. 2.00% 7-mo CD ($100K min) at Consumers CU (account review)
4. 1.85% 9-mo CD ($100K min) at MetLife Bank (account review)
5. 2.63% 12-mo CD at Wings Financial CU, Limited Membership (account review)
6. 2.10% 12-mo CD at Academy Bank (account review)
7. 2.10% 12-mo CD at Jacksonville Bank (account review)
8. 2.19% 15-mo CD at Golf Bank (account review)
9. 2.25% 16-mo CD at DollarSavingsDirect (account review)
10. 2.40% 18-mo CD at Alliant CU (account review)
11. 2.60% 24-mo CD at Jacksonville Bank (account review)
12. 2.55% 24-mo CD at Alliant CU (account review)
13. 3.00% 36-mo CD at Alliant CU (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. 4.16% 84-mo CD (min $175K) at USAA Bank (account review)
17. 4.00% 84-mo CD at Pentagon FCU (account review)

Best Local CD Deals as of 11/21/09: 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. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
2. 2.35% 8-mo CD at Bartow County Bank in GA (account review)
3. 2.25% 11-mo CD at Colonial Bank Branches of BB&T in TX, FL & NV (account review)
4. 2.63% 12-mo CD & 3.09% 30-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% 15-mo CD & 2.26% 9-mo CD at The Farmers Bank in TN (account review)
7. 2.40% 16-mo Jumbo CD at Teachers FCU in NY (account review)
8. 2.17% 17-mo CD at Royal Asian Bank in PA, NJ & NY (account review)
9. 2.50% 18-mo No-Penalty CD at Darby Direct in GA (account review)
10. 2.78% 25-mo CD at Crane FCU in IN (account review)
11. 2.50% 23-mo CD, 3.25% 42-mo CD & 2% 12-mo CD at Regions Bank in Many States (account review)
12. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
13. 3.00% 36-mo CD & 2.09% 18-mo CD at Entertainment CU in CA (account review)
14. 3.00% 36-mo CD at Mutual of Omaha Bank in CA, NV, AZ, CO, NE & TX (account review)
15. 4.07% 60-mo CD at IH Mississippi Valley CU in IL & IA (account review)
16. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with yields ranging from 3.50% to 4.50%. All four are local deals. I learned this week that some banks are having to slash their reward checking rates due their weak financial situation and the new rules from the FDIC (see post). So if you want a bank that will keep its reward checking rates high, the financial strength will be an important consideration.

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

• One Small Florida Bank Closed - 124th Bank Failure of 2009
• Bank Deals Blog is Back in Operation!
• FDIC's Fall 2009 Consumer News - FDIC Coverage, Safe Deposit Box, Debit Card Protections

Savings/Checking Accounts - National

• Link Verification When Opening a New Account at Ally Bank

CD Deals - National

• ING Direct's Black Friday CD and Electric Orange Checking Specials
• Certificate and Credit Card Deals at Pentagon Federal Credit Union - Available Nationwide
• Competitive 5-Year CD at Northwest FCU with Useful IRA Feature - Available Nationwide
• 3.50% 5-Year CD & 4.00% 7-Year CD at First National Community Bank in PA - YMMV Nationally Available
• 2.25% 19-Month CD & 2% 9-Month CD at Service Credit Union - Limited Membership

Checking/Savings Bonuses

• $300 Checking Account Promotion at National City Bank in Some States

Reward Checking Accounts

• 4.50% Reward Checking Account with Rate Guaranteed to 9/2010 at First Security Trust Bank in KY - Local Only
• FDIC is Now Forcing Rate Cuts to Reward Checking Accounts
• 4.01% Reward Checking Account at Cattleman's National Bank in Central Texas - Local Only
• 4.01% Reward Checking Account at Centera Bank in Kansas - Local Only
• 3.50% Reward Checking Account at MAC FCU in Alaska - Local Only

CD and Money Market Deals - Local

• 2.09% 18-Month CD & 3.00% 36-Month CD at First Entertainment Credit Union in CA - Local Only
• Money Market Account Special at First Independent Bank in Washington State - Local Only
• 2.52% Money Market Account Continues at South Florida FCU - Local Only
• 2.25% 11-Month CD Special is Back at Colonial Branches of BB&T - TX, FL & NV
• 2.48% 24-Month CD & 2.07% 12-Month CD at Atlas Savings and Loan Association in New York - Local Only
• 2.50% 13-Month CD at Cornerstone Bank in Georgia - Local Only
• 2.45% 15-Month CD at Bank of Granite in North Carolina - Local Only
• 2.15% 12-Month CD at Texas National Bank in Texas - Local Only
• 2.50% 18-Month No-Penalty CD at Darby Direct in Georiga - Local Only
• 2.10% 12-Month CD & 2.50% 25-Month CD at Workers Credit Union in MA & NH - 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 21, 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
• Incredible Bank - 2.02% Checking ($1K min) 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
• ShoreBank - 1.95%, account review
• SFGI Direct - 1.85% ($25 min), NOT accepting new customers, account review
• Wings Financial CU - 1.81% MMA ($5K min) Limited Membership, 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
• 1st Constitution Direct - 1.75% (min $100), 3 mo promo (1.75% $10K+ stnd) account review
• Capital One/Costco - 1.75% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, 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
• Capital One - 1.70% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• Colorado Federal Savings Bank - 1.70% ($2.5K min) account review
• American Express Bank - 1.70%, account review
• CNB Bank Direct - 1.70% account review
• UFB Direct - 1.70%, account review
• Bank of Internet - 1.70% (min $100) account review
• First Trade Union Bank - 1.65% ($2.5K min) account review
• Bank of Internet - 1.65% MMA (min $100) account review
• Ally Bank - 1.64% Savings account review
• Newtown Savings Bank - 1.60%, account review
• DollarSavingsDirect - 1.60% ($1K min) account review
• Bank of Internet - 1.60% Advantage Savings (min $100) account review
• Union Federal Savings - 1.60% account review
• Ally/GMAC Bank - 1.55% MMA account review
• Savings Square - 1.55%, account review
• Salem Five Direct - 1.55% Savings, account review
• WTDirect - 1.51% ($10K min), account review
• Heartland Bank Direct - 1.51% ($500 min), account review
• Bank of America - 1.50% MMA ($10K min), guaranteed to 4/2010, account review
• Hudson City Savings - 1.50% (min $2.5K) account review
• Capital One - 1.50% (Savings) (min $10K) account review
• Intervest National Bank - 1.50% MMA (min $2.5K) 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
• Bank of American Fork - 1.50% (min $1K) 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
• Nationwide Bank - 1.50% MMA (min $1K) 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
• CapitalOne/Costco - 1.40% MMA (min $1K, Costco members only, $60 deal for exec. members)
• FNBO Direct - 1.40%, account review
• Grand Yield Direct - 1.40% (min $2.5K) 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
• OneWest Bank - 1.25% (min $1K) account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• Bank of America NEA - 1.25% MMA ($500 min) (1.35% for $50K+) account review
• Capital One - 1.20% MMA, account review
• Citibank - 1.15% (Ultimate Savings) account review
• Imperial Capital - 1.13% MMA ($2.5K min) (1.34% for $100K+) account review
• Discover Bank - 1.10% MMA (min $2.5K) (1.50% $10K-$100K) account review
• Bank of Internet - 1.10% Checking (min $5K) account review
• UmbrellaBank - 1.10% MMA (min $1K) 1.45% ($50K+) 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
• Seacoast Commerce Bank - 1.00% (min $25K) 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), (1.41% $25K+, 1.51% $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:

• Wings Financial CU - 1.96% (min $500) Limited Membership, account review
• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) 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
• FirstFedDirect - 1.25% (min $10K), account review
• UFB Direct - 1.22% (min $8K)
• Imperial Capital - 1.20%, ($2K min), account review
• Ally Bank - 1.10% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review
• Wilshire State Bank - 0.90% (min $1K) account review
• H&R Block Bank - 0.75% (min $5K) account review

6-Month Certificates of Deposit:

• Wings Financial CU - 2.22% (min $500) Limited Membership, account review
• 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
• TotalBank - 1.65% (min $1K) account review
• MetLife Bank - 1.65% (min $50K) account review
• FirstFedDirect - 1.60% (min $10K), account review
• Ascencia Bank - 1.55% (min $500), account review
• Colorado Federal Savings Bank - 1.50% ($5K min) account review
• Connexus CU - 1.50% (min $500) account review
• La Jolla Bank - 1.50% (min $10K), account review
• Jacksonville Bank - 1.50% (min $1K) account review
• Ally Bank - 1.45% (min $0) account review
• Imperial Capital - 1.43% ($2K min), account review
• UmbrellaBank - 1.40% (min $1K) account review
• Excel National Bank - 1.40% (min $10K) account review
• E-LOAN - 1.40% ($10K min) account review
• Century Bank Direct - 1.40% (5 mo) (min $1K) account review
• ING Direct - 1.25% account review
• Wilshire State Bank - 1.25% (min $1K) account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• MetLife Bank - 1.75% (min $50K) account review
• Acacia Federal Savings Bank - 1.65% (min $500) account review
• FirstFedDirect - 1.65% (min $10K) account review
• TotalBank - 1.65% (min $1K) account review
• Imperial Capital - 1.60% ($2K min), account review
• UmbrellaBank - 1.55% (min $1K) account review
• Century Bank Direct - 1.55% (10 mo) (min $1K) account review
• NewDominion Bank - 1.50% (min $3K) 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) (phone or branch only) account review
• Bank of America - 0.50% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Wings Financial CU - 2.63% (min $500) Limited Membership, account review
• Alliant Credit Union - 2.30% (min $25K) account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Melrose CU - 2.22% (min $5K) account review
• Golf Savings Bank - 2.19% (15-mo) (min $10K) account review
• Frontier Bank - 2.10% (min $50K) account review
• UmbrellaBank - 2.10% (min $1K) account review
• Academy Bank - 2.10% (min $500) account review
• Jacksonville Bank - 2.10% (min $1K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• Franklin Synergy Bank - 2.01% account review
• Pacific Mercantile Bank - 2.01% (min $10K) account review
• Colorado Federal Savings Bank - 2.00% ($5K min) 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
• 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
• NewDominion Bank - 1.92% (min $3K) account review
• Ascencia Bank - 1.91% (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
• Ally Bank - 1.90% (min $0) account review
• Century Bank Direct - 1.90% (15 mo) (min $1K) account review
• BankUnited - 1.85% (min $5K) account review
• Delta Community CU - 1.85% (min $1K) account review
• Nationwide Bank - 1.80% (min $500) account review
• La Jolla Bank - 1.80% (min $10K), account review
• ISN Bank - 1.77% (min $1K) account review
• Imperial Capital - 1.76% ($2K min), account review
• Northpointe Bank - 1.75% (min $5K) account review
• Wilshire State Bank - 1.75% (min $10K), liquid features, account review
• Connexus CU - 1.75% (min $500) account review
• ING Direct - 1.75% (min $1) account review
• E-LOAN - 1.75% ($10K min) account review
• Amboy Direct - 1.75% Add-On (min $10K) account review
• Equity Bank - 1.69% (min $1K) account review
• TotalBank - 1.65% (min $1K) account review
• OneWest Bank - 1.65% (min $5K) (phone or branch only) account review
• Bank of Internet - 1.65% (min $1K) account review
• Tennessee Commerce Bank - 1.60% (min $5K) account review
• Fifth Third - 1.50% (13 mo) (min $5K) not all states, account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• Northwest FCU - 1.47% (min $500) add-on, account review
• OneWest Bank/IndyMac - 1.40% (min $5K) liquid CD, account review
• UFB Direct - 1.25% (min $8K)
• HSBC Direct - 1.25% (min $10) account review
• Bank of America DOW - 1.20% (min $1K) account review
• Seacoast Commerce Bank - 1.00% (min $10K) 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
• Flagstar - 2.25% (min $500), account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 11/22 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
• Security Savings Bank - 2.20% (min $500) account review
• MetLife Bank - 2.15% (min $25K) account review
• UmbrellaBank - 2.10% (min $1K), account review
• Academy Bank - 2.10% (min $500) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Century Bank Direct - 2.05% (20 mo) (min $1K) account review
• Nationwide Bank - 2.02% (min $500) account review
• Navy FCU - 2.00% ($10K min) restrictions to membership, account review
• NASA FCU - 2.00% (min $5K) account review
• NewDominion Bank - 1.96% (min $3K) account review
• Northpointe Bank - 1.95% (min $5K) account review
• AIG Bank - 1.95% (min $2.5K) account review
• Discover Bank - 1.95% (min $2.5K), account review
• Ally Bank - 1.94% (min $0) account review
• Equity Bank - 1.91% (min $1K) account review
• OneWest Bank - 1.70% (min $5K) account review

24-Month Certificates of Deposit:

• Wings Financial CU - 2.98% (min $500) Limited Membership, account review
• 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
• Northpointe Bank - 2.50% (min $5K) account review
• Security Savings Bank - 2.50% (23 mo) (min $500) account review
• Melrose CU - 2.47% (min $5K) account review
• Hudson City Bank - 2.40% (min $5K) account review
• Northrop Grumman FCU - 2.37% (min $40K), 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
• State Bank of India - 2.27% (min $5K) account review
• Colorado Federal Savings Bank - 2.25% ($5K min) account review
• America's CU - 2.25% (25 mo) (min $500) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• Discover Bank - 2.25% (min $2.5K) account review
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• ISN Bank - 2.22% (min $1K) account review
• NewDominion Bank - 2.21% (min $3K) account review
• Northwest FCU - 2.20% (min $500) add-on, account review
• Capital One - 2.20% (min $5K) account review
• AIG Bank - 2.20% (min $2.5K) 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
• Academy Bank - 2.15% (min $500) account review
• Equity Bank - 2.13% (min $1K) account review
• EverBank - 2.10% ($1.5K min) 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
• Bank of America DOW - 1.86% (min $1K) account review
• iGobanking - 1.70% (min $500), account review
• Seacoast Commerce Bank - 1.25% (min $10K) account review

36-Month Certificate of Deposit:

• Wings Financial CU - 3.14% (min $500) Limited Membership, account review
• Alliant Credit Union - 3.00% (min $25K) account review
• Flagstar - 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
• Jacksonville Bank - 2.90% (min $1K) account review
• Hudson City Bank - 2.90% (min $5K) account review
• Frontier Bank - 2.80% (min $50K) account review
• Acacia Federal Savings Bank - 2.75% (min $500) account review
• Dime Savings Bank - 2.75% (min $500) account review
• Southern Community Bank & Trust - 2.75% (min $500) 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
• NewDominion Bank - 2.56% (min $3K) account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• Ally Bank - 2.55% (min $0) account review
• Colorado Federal Savings Bank - 2.50% ($5K min) account review
• AIG Bank - 2.50% (min $2.5K) 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
• Equity Bank - 2.40% (min $1K) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• Bank of Internet - 2.25% (min $1K) account review
• Northrop Grumman FCU - 2.09% (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
• Wings Financial CU - 3.24% (min $500) Limited Membership, account review
• BankUnited - 3.15% (min $5K) account review
• Hudson City Bank - 3.15% (min $5K) account review
• Frontier Bank - 3.00% (min $50K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) 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
• Nationwide Bank - 2.85% (min $500) account review
• iGobanking - 2.80% (min $500), account review
• USAA Bank - 2.75% (min $1K) (3.06% $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
• Equity Bank - 2.62% (min $1K) 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 - 3.54% (min $25K) account review
• Acacia Federal Savings Bank - 3.50% (min $500) account review
• Flagstar - 3.50% (min $500), account review
• Wings Financial CU - 3.49% (min $500) Limited Membership, account review
• Hudson City Bank - 3.40% (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
• 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
• 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
• OneWest Bank/IndyMac - 3.20% (min $5K) (phone or branch) 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
• University FCU - 3.12% (min $2.5K), account review
• Navy FCU - 3.10% ($20K min) (3.25% for $100K+) restrictions to membership, account review
• Ally Bank - 3.10% (min $0) account review
• AIG Bank - 3.05% (min $2.5K) account review
• Patelco CU - 3.04% ($1K min), account review
• USAA Bank - 3.01% (min $1K) (3.32% $175K min) account review
• Colorado Federal Savings Bank - 3.00% ($5K 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
• iGobanking - 3.00% (min $500), account review
• EverBank - 3.00% ($1.5K min) account review
• Credit Union of Georgia - 2.94% (min $50K), account review
• Equity Bank - 2.92% (min $1K) account review
• Delta Community CU - 2.85% (min $1K) account review
• Citibank - 2.75% (min $500) account review
• US Bank - 2.75% (59 mo) (min $1K) account review
• USA FCU - 2.53% (min $1K) account review
• FNBO Direct - 2.51% (min $500) account review
• Western FCU - 2.18% (min $40K) account review
• 1st Source Bank - 1.50% (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 - 3.85% (min $1K) (4.16% $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 Tax-Exempt Money Market Fund - 0.15% 7-day yield
• Vanguard Prime Money Market Fund - 0.11% 7-day yield
• Paypal Money Market Fund - 0.07% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 0.06% 7-day yield (reviews on Fatwallet)
• 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)

Edit 11/22/09: Updated DollarSavingDirect 16-mo CD rate.