Bank Deals Weekly Summary for December 5, 2009

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

Friday's job report which showed a surprising drop in the unemployment rate is an important sign to the Fed that they need to start thinking about policy changes. This WSJ article sums it up well:

Investors took Friday's jobs report as a sure sign that the Fed has gotten closer to raising its target for the federal-funds rates, at which banks lend to each other overnight, from its current level of between zero and 0.25%. Futures markets Friday put a 68% probability that the target will be raised to 0.5% by June and more than 90% odds that it will hit 1% by next December.

We have to remember that if the rate does reach 1% next December, that's still very low. After the tech bubble burst, the rate only bottomed at 1% in 2003. So I'm still afraid we may not see much improvements in deposit rates next year even if the economy continues to recover.

The FDIC is back to its busy Fridays. Six banks were closed yesterday including AmTrust Bank. For all of the closures, the FDIC was able to find other banks to assume all of the failed banks' deposits. So no depositors should lose any money (see post).

AmTrust has operated an internet bank since 2006 which has offered high-yield CDs. The question now will be whether the new bank will honor those CD rates to maturity. The bank that took over AmTrust is New York Community Bank. A reader pointed out that they have their own internet division, MyBankingDirect, so New York Community Bank may want to keep AmTrustDirect depositors and will hopefully choose to honor their CD rates to maturity. If you're an AmTrust CD holder, please let us know what New York Community Bank decides.

Savings Account Rates

The banks didn't waste any time after Thanksgiving to cut rates. Emigrant Bank cut the savings account rate at both Dollar Savings Direct and at EmigrantDirect. One week after Flagstar cut its Express Money Market rate, it made another cut this week. It's down by 10 basis points to 1.60% APY.

As expected, Alliant Credit Union kept its savings account rate at 2% APY for December. Another institution that's holding its savings account rate at 2% is SmartyPig. Unlike some of the newcomers on the list below, SmartyPig has been a rate leader now for about 20 months. I gave another update on SmartyPig yesterday.

For those in Georgia, Michigan and Indiana, Flagstar Bank has a hot checking account deal: 2% APY on balances up to $100K guaranteed for 12 months (see review).

Rate Hikes:

1. None

Rate Drops:

1. Bank of the Sierra Reward Checking - 4.09% (was 4.51%)
2. Wings Financial CU MMA - 1.71% $10K (was 1.81%)
3. Clear Sky Savings - 1.65% (was 1.75%)
4. Flagstar Direct MMA - 1.60% (was 1.70%)
5. Dollar Savings Direct Savings - 1.50% (was 1.60%)
6. Union Federal Savings MM - 1.50% (was 1.60%)
7. AIG Bank MMA - 1.41% $10K (was 1.46%)
8. Hudson City MM Savings - 1.40% (was 1.50%)
9. Intervest MMA - 1.35% $2.5K (was 1.40%)
10. Emigrant Direct Savings - 1.20% (was 1.30%)
11. Virtual Bank eMM - 0.75% under $10K (was 0.80%)

Certificate of Deposit Rates

This was a bad week for CD rates. Many of the rate leaders lowered their CD rates this week including Alliant Credit Union, Discover Bank, Hudson City Bank, Goldwater Bank and Jacksonville Bank.

On the positive side, I received some good news from my PenFed contact this week. They have a new rollover certificate promotion for January, and the yields will be the same as their original promotion that was canceled early. These include 3.50% 3-year, 3.75% 4-year, 4.00% 5-year and 4.25% 7-year. I also received confirmation on these rates from two PenFed CSRs on Wednesday and Friday. A reader emailed me about being told different rates from a CSR, but then he wrote back saying that the CSR had called him back and told him the above rates are in fact correct. So if you're not told the above rates, you may want to try to reach another PenFed CSR.

Those who don't have PenFed CDs that are maturing in January may be asking how this will benefit them. My contact said these rollover rates include a 0.25% bonus on top of the regular rates. That means PenFed CDs in January should have some very competitive yields: 3.25% 3-year, 3.50% 4-year, 3.75% 5-year and 4.00% 7-year (see post).

Even though Emigrant Bank cut the savings account rates at Dollar Savings Direct and Emigrant Direct, it's still offering 2.25% APY on a 16-month CD at Dollar Savings Direct. It's not listed at the website. I called today, and I was told it's still 2.25% APY. The only problem with this CD is that you first have to open the online savings account. I have a feeling this 2.25% CD won't last much longer.

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

Best Nationwide CD Deals as of 12/05/09: 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. 2.42% 12-mo CD at Wings Financial CU, Limited Membership (account review)
4. 2.10% 12-mo CD at Alliant CU (account review)
5. 2.19% 15-mo CD at Golf Bank (account review)
6. 2.25% 16-mo CD at Dollar Savings Direct (account review)
7. 2.50% 23-mo CD at Security Savings Bank (account review)
8. 3.00% 30-mo CD at Indus American Bank (account review)
9. 3.03% 36-mo CD at Goldwater Bank (account review)
10. 3.65% 60-mo CD at Melrose CU (account review)
11. 3.60% 60-mo CD at Apple FCU (account review)
12. 4.16% 84-mo CD (min $175K) at USAA Bank (account review)
13. 4.00% 84-mo CD at Pentagon FCU (account review)

Best Local CD Deals as of 12/05/09: 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. 2.00% Checking with Rate Guaranteed for 12-mo at Flagstar in MI, IN & GA (account review)
2. 1.90% Savings Account (5% for 1st $1K) at OMNIBANK in TX (account review)
3. 2.12% 6-mo CD & 2.42% 12-mo CD at Wings Financial CU in MN (account review)
4. 2.00% 6-mo CD at Vision Bank in Dallas (account review)
5. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
6. 2.25% 11-mo CD at Colonial Bank Branches of BB&T in TX, FL & NV (account review)
7. 2.25% 12-mo & under CD at Cecil Bank in MD (account review)
8. 2.10% 12-mo CD at First Choice Bank in LA Metro Area (account review)
9. 2.50% 15-mo CD & 2.26% 9-mo CD at The Farmers Bank in TN (account review)
10. 2.30% 16-mo Jumbo CD at Teachers FCU in NY (account review)
11. 2.40% 17-mo CD at Royal Asian Bank in PA, NJ & NY (account review)
12. 2.50% 18-mo No-Penalty CD at Darby Direct in GA (account review)
13. 2.50% 23-mo CD at Regions Bank in Many States (account review)
14. 2.78% 24-mo & 2.18% 12-mo CD at First National Bank in TX (account review)
15. 3.00% 27-mo CD & 2.25% 15-mo CD at Enterprise Bank of SC (account review)
16. 3.15% 36-mo CD at First State Bank in NJ (account review)
17. 3.00% 36-mo, 2.65% 24-mo & 2.20% 12-mo CD at Signature Bank in NYC (account review)
18. 4.07% 60-mo CD at IH Mississippi Valley CU in IL & IA (account review)
19. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
20. 3.80% 60-mo & 3.29% 48-mo CD at PrimeWay FCU in Houston (account review)
21. 3.60% 60-mo Jumbo CD at CEFCU in CA & IL (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with yields ranging from 4.00% to 5.00%. All four are local deals.

Finding rates above 4% is getting harder. The best rate from a nationwide reward checking account had been from Bank of the Sierra which was offering 4.51% APY for balances up to $25K. It lasted about a year, but this week it fell to 4.09% APY. If you can find a local reward checking account that's limited to your area, you may be better off. These should attract fewer rate chasers and more average people who maintain smaller balances and spend more on their debit cards. With more average people, banks should be able to keep their reward checking rates higher.

To see all of the high yield reward checking accounts available throughout the nation, please refer to the reward checking section of DepositAccounts.com. As I mentioned in this post, DepositAccounts.com has replaced HighYieldCheckingDeals.com. One nice thing about this change is that it'll save me several hours of work each week in updating rates. This new site updates most rates automatically. There may be a few banks that have not been transitioned over yet. If you find any that are missing, please leave a comment or send me an email.

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

Banking News

• AmTrust Bank and Five Other Banks Are Shut Down by Regulators
• Velocity Credit Union in Texas Begins Voting Process for Switch to Private Insurance
• AmTrust Financial Files for Bankruptcy - Future of AmTrust Bank?
• Credit Union News - ASI Review and a Credit Union Liquidation
• The Future Home For Bank Deals: DepositAccounts.com

Savings/Checking Accounts - National

• Update on SmartyPig's High-Yield Savings Account

CD Deals - National

• Update on PenFed CDs for January - New and Rollover CDs
• 2.30% 24-Month CD at Main Street Bank - RATE DROP

Checking/Savings Bonuses

• $100 Checking Account Bonus at Citizens Bank in Several States

Reward Checking Accounts

• 4.41% Reward Checking Account at United Bank of Kansas - Local Only
• 5.00% Reward Checking Account at River City Bank in Georgia - Local Only
• 4.00% Reward Checking Account at Legacy Bank of Florida - Local Only
• Update on the Best Nationwide Reward Checking Account - Bank of the Sierra
• 5.00% Reward Checking Account at Quad City Bank & Trust in Iowa - Local Only

CD and Money Market Deals - Local

• 2.12% 21-Month Bump & Add-on CD at Woodstone Credit Union in WA - Local Only
• 2.10% 12-Month CD at First Choice Bank in California - Local Only
• 2.53% 24-Month CD at Commerce National Bank in Texas - Local Only
• 2.40% 16-Month Jumbo CD at Teachers Federal Credit Union in New York - RATE DROP
• 2.00% 6-Month CD Continues at Vision Bank Texas - Local Only
• 3.00% 36-Month CD Continues at SchoolsFirst FCU in California - Local Only
• 2.50% 24-Month CD at Heritage Bank of Florida - Local Only
• 2.11% 13-Month No-Penalty CD at First Federal Savings Bank in KY & IN - Local Only
• 2.00% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only
• 3.50% 60-Month CD at CEF Credit Union in IL & CA - Local Only
• 2.25% 14-Month CD & 1.85% 8-Month CD at National Bank of South Carolina - Local Only
• 2.05% 12-Month CD & 2.15% 18-Month CD at Premier Bank in Chicago - Local Only
• 2.00% Checking Account with Rate Guaranteed for One Year at Flagstar Bank - GA, MI & IN Only
• 2.60% 12-Month CD at Cecil Bank in Maryland - RATE DROP
• 3.80% 60-Month CD Continues at PrimeWay Federal Credit Union in Houston - Local Only
• 3.65% 60-Month CD at Fidelity Bank of Florida - Local Only
• 2.00% 14-Month CD & a Jumbo Money Market Deal at United Central Bank in Several States
• High CD Rates Continue at Progressive Credit Union in New York - Limited Membership

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 December 5, 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
• Peoples Bank - 1.81% ($10K 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
• 1st Constitution Direct - 1.75% (min $100), 3 mo promo (1.75% $10K+ stnd) account review
• FNCB Bank - 1.75% (min $100) account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• Discover Bank - 1.75% Savings (min $500) account review
• Wings Financial CU - 1.71% MMA ($5K min) Limited Membership, 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
• Capital One/Costco - 1.65% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• First Trade Union Bank - 1.65% ($2.5K min) account review
• Bank of Internet - 1.65% (min $100) account review
• Clear Sky Accounts - 1.65% account review
• Capital One - 1.60% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• UFB Direct - 1.60%, account review
• Newtown Savings Bank - 1.60%, account review
• Bank of Internet - 1.60% MMA (min $100) account review
• Flagstar - 1.60% MMA, account review
• Ally Bank - 1.59% Savings account review
• Ally/GMAC Bank - 1.55% MMA account review
• Savings Square - 1.55%, account review
• Salem Five Direct - 1.55% Savings, account review
• Bank of Internet - 1.55% Advantage Savings (min $100) 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
• 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
• 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
• DollarSavingsDirect - 1.50% ($1K min) account review
• Union Federal Savings - 1.50% 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
• AIG Bank - 1.41% MMA (min $10K+) 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
• Hudson City - 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
• Intervest National Bank - 1.35% MMA (min $2.5K) account review
• Amboy Direct - 1.31% (min $3K) (eSavings) account review ($50 bonus)
• ING Direct - 1.30%, (0.25% checking), post ($25 bonus)
• 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
• Capital One - 1.20% MMA, account review
• Bank of America NEA - 1.20% MMA ($500 min) (1.30% for $50K+) account review
• EmigrantDirect - 1.20%, account review
• Citibank - 1.15% (Ultimate Savings) account review
• Imperial Capital - 1.13% MMA ($2.5K min) (1.32% for $100K+) account review
• Discover Bank - 1.10% MMA (min $2.5K) (1.50% $10K-$100K) account review
• UmbrellaBank - 1.10% MMA (min $1K) 1.35% ($50K+) account review
• Charles Schwab - 1.05% Savings, account review
• Bank of Internet - 1.05% Checking (min $5K) 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
• Imperial Capital - 0.87% Checking (min $1K) account review
• Charles Schwab - 0.75% Checking, account review
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• VirtualBank - 0.75% (min $100), (1.26% $25K+, 1.41% $50K+) post ($20 bonus)
• Amegy Bank - 0.55% (min $1K) account review
• iGObanking - 0.50% Checking, account review
• ETrade Bank - 0.50%, account review

3-Month Certificates of Deposit:

• Wings Financial CU - 1.86% (min $500) Limited Membership, account review
• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) account review
• Southeast Financial FCU - 1.45% (min $500) account review
• MetLife Bank - 1.30% (min $25K) account review
• UFB Direct - 1.22% (min $8K)
• Imperial Capital - 1.20%, ($2K min), account review
• FirstFedDirect - 1.05% (min $10K), account review
• Ally Bank - 1.05% (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
• Consumers CU - 0.65% (min $500) account review

6-Month Certificates of Deposit:

• Wings Financial CU - 2.12% (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
• TotalBank - 1.65% (min $1K) account review
• FirstFedDirect - 1.60% (min $10K), account review
• Ascencia Bank - 1.51% (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 - 1.42% ($2K min), account review
• E-LOAN - 1.40% ($10K min) account review
• Century Bank Direct - 1.40% (5 mo) (min $1K) account review
• Excel National Bank - 1.39% (min $10K) account review
• MetLife Bank - 1.35% (min $25K) account review
• UmbrellaBank - 1.35% (min $1K) account review
• ING Direct - 1.25% account review
• Wilshire State Bank - 1.25% (min $1K) account review
• Consumers CU - 1.25% (7-mo) (min $250) (1.50% $100K+) account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• FirstFedDirect - 1.65% (min $10K) account review
• TotalBank - 1.65% (min $1K) account review
• Imperial Capital - 1.58% ($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
• MetLife Bank - 1.45% (min $25K) account review
• E-LOAN - 1.45% ($10K min) account review
• Acacia Federal Savings Bank - 1.45% (min $500) account review
• Ally Bank - 1.44% (min $0) No-Penalty, account review
• Doral Bank Direct - 1.40% (min $1K) account review
• Ally Bank - 1.40% (min $0) 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 - 2.42% (min $500) Limited Membership, account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Golf Savings Bank - 2.19% (15-mo) (min $10K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Self-Help CU - 2.07% (min $500) account review
• Melrose CU - 2.07% (min $5K) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• Franklin Synergy Bank - 2.01% account review
• Academy Bank - 2.00% (min $500) account review
• Colorado Federal Savings Bank - 2.00% ($5K min) account review
• America's CU - 2.00% (13 mo) (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• UFB Direct - 2.00% (min $8K)
• Frontier Bank - 2.00% (min $50K) account review
• UmbrellaBank - 2.00% (min $1K) account review
• Jacksonville Bank - 2.00% (min $1K) account review
• Pacific Mercantile Bank - 1.96% (min $10K) account review
• NewDominion Bank - 1.92% (min $3K) account review
• Ascencia Bank - 1.91% (min $500), account review
• State Bank of India - 1.91% (min $5K) account review
• Century Bank Direct - 1.90% (15 mo) (min $1K) account review
• Ally Bank - 1.89% (min $0) account review
• AIG Bank - 1.85% (min $2.5K) account review
• BankUnited - 1.85% (min $5K) account review
• Delta Community CU - 1.85% (min $1K) account review
• Discover Bank - 1.85% (min $2.5K) account review
• ISN Bank - 1.82% (min $1K) account review
• Nationwide Bank - 1.80% (min $500) account review
• La Jolla Bank - 1.80% (min $10K), account review
• USAA Bank - 1.79% (15 mo) (min $1K) (2.10% $175K min) account review
• MetLife Bank - 1.75% (min $25K) 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
• Acacia Federal Savings Bank - 1.75% (min $500) account review
• Consumers CU - 1.75% (15-mo) (min $250) (2.00% $100K+) account review
• Imperial Capital - 1.74% ($2K min), account review
• Credit Union of Georgia - 1.71% (min $50K), account review
• Northpointe Bank - 1.70% (min $5K) account review
• Equity Bank - 1.66% (min $1K) account review
• OneWest Bank/IndyMac - 1.65% (min $5K) liquid CD, 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 - 1.43% (min $500) add-on, account review
• Amboy Direct - 1.30% Add-On (min $10K) account review
• HSBC Direct - 1.25% (min $10) account review
• Bank of America DOW - 1.10% (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
• 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 12/05 account review
• Security Savings Bank - 2.20% (min $500) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Century Bank Direct - 2.05% (20 mo) (min $1K) account review
• Main Street Bank - 2.00% (min $10K) account review
• Academy Bank - 2.00% (min $500) account review
• NASA FCU - 2.00% (min $5K) account review
• Flagstar - 2.00% (min $500), account review
• Nationwide Bank - 1.97% (min $500) 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 - 1.90% (min $2.5K), account review
• UmbrellaBank - 1.90% (min $1K), account review
• Ally Bank - 1.89% (min $0) account review
• Equity Bank - 1.88% (min $1K) account review
• Navy FCU - 1.85% ($10K min) restrictions to membership, account review
• MetLife Bank - 1.75% (min $25K) account review
• OneWest Bank - 1.70% (min $5K) account review

24-Month Certificates of Deposit:

• Indus American Bank - 3.00% (30 mo) (min $2K) account review
• Wings Financial CU - 2.88% (min $500) Limited Membership, account review
• Security Savings Bank - 2.50% (23 mo) (min $500) account review
• Frontier Bank - 2.50% (min $50K) account review
• Jacksonville Bank - 2.40% (min $1K) account review
• Northpointe Bank - 2.35% (min $5K) account review
• Southeast Financial FCU - 2.35% (min $500) account review
• American Express Bank - 2.35% (min $0) account review
• Self-Help CU - 2.33% (min $500) account review
• Melrose CU - 2.32% (min $5K) account review
• Hudson City Bank - 2.30% (min $5K) account review
• ISN Bank - 2.28% (min $1K) account review
• Northrop Grumman FCU - 2.27% (min $40K), 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
• State Bank of India - 2.22% (min $5K) account review
• NewDominion Bank - 2.21% (min $3K) account review
• AIG Bank - 2.20% (min $2.5K) account review
• USAA Bank - 2.20% (min $1K) (2.51% $175K min) account review
• Main Street Bank - 2.20% (min $10K) account review
• Northwest FCU - 2.19% (min $500) add-on, account review
• Ally Bank - 2.19% (min $0) account review
• E-LOAN - 2.16% ($10K min) account review
• EverBank - 2.10% ($1.5K min) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Equity Bank - 2.09% (min $1K) account review
• Tennessee Commerce Bank - 2.05% (min $5K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• Capital One - 2.00% (min $5K) account review
• Academy Bank - 2.00% (min $500) account review
• Consumers CU - 2.00% (min $250) (2.25% $100K+) account review
• Fifth Third - 2.00% (min $5K) not all states, account review
• MetLife Bank - 2.00% (min $25K) account review
• OneWest Bank/IndyMac - 1.80% (min $5K) account review
• iGobanking - 1.70% (min $500), account review
• Bank of America DOW - 1.60% (min $1K) account review
• Seacoast Commerce Bank - 1.25% (min $10K) account review

36-Month Certificate of Deposit:

• Goldwater Bank - 3.03% (min $50K) account review
• Wings Financial CU - 3.03% (min $500) Limited Membership, account review
• Security Savings Bank - 2.85% (35 mo) (min $500) account review
• Melrose CU - 2.83% (min $5K) account review
• Frontier Bank - 2.80% (min $50K) account review
• Hudson City Bank - 2.80% (min $5K) account review
• Southern Community Bank & Trust - 2.75% (min $500) account review
• Jacksonville Bank - 2.70% (min $1K) account review
• Northrop Grumman FCU - 2.65% (min $40K), account review
• Acacia Federal Savings Bank - 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
• Intervest - 2.60% (min $2.5K), account review
• Flagstar - 2.60% (min $500), account review
• Alliant Credit Union - 2.60% (min $25K) 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
• Dime Savings Bank - 2.50% (min $500) account review
• iGobanking - 2.45% (min $500), account review
• Agriculture FCU - 2.40% (min $1K) account review
• Nationwide Bank - 2.40% (min $500) account review
• Equity Bank - 2.38% (min $1K) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• Bank of Internet - 2.25% (min $1K) account review

48-Month Certificate of Deposit:

• BankUnited - 3.15% (min $5K) account review
• Hudson City Bank - 3.15% (min $5K) account review
• Wings Financial CU - 3.14% (min $500) Limited Membership, account review
• Alliant Credit Union - 3.10% (min $25K) account review
• Melrose CU - 3.09% (min $5K) account review
• Capital One - 3.00% (min $5K) account review
• Frontier Bank - 3.00% (min $50K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Flagstar - 3.00% (min $500), account review
• National Bank of KC - 2.90% (min $10K) account review
• Gateway Regional CU - 2.90% (min $1K) restrictions to membership, account review
• Intervest - 2.90% (min $2.5K), account review
• Discover Bank - 2.85% (min $2.5K) account review
• Nationwide Bank - 2.85% (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
• Golf Savings Bank - 2.70% (min $10K) account review
• iGobanking - 2.70% (min $500), account review
• Equity Bank - 2.60% (min $1K) 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 - 3.65% (min $5K) account review
• Apple FCU - 3.60% (min $50K) account review
• Northwest FCU - 3.45% (min $25K) account review
• Hudson City Bank - 3.40% (min $5K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Goldwater Bank - 3.40% (min $50K) account review
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• Capital One/Costco - 3.30% (min $5K) account review
• Discover Bank - 3.30% (min $2.5K) account review
• State Bank of India - 3.29% (min $5K) account review
• Intervest - 3.27% (min $2.5K), account review
• Capital One - 3.25% (min $5K) 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
• Dime Savings Bank - 3.25% (min $500) account review
• Flagstar - 3.25% (min $500), 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
• University FCU - 3.12% (min $2.5K), account review
• Ally Bank - 3.10% (min $0) account review
• OneWest Bank/IndyMac - 3.10% (min $5K) (phone or branch) account review
• Alliant Credit Union - 3.10% (min $25K) account review
• AIG Bank - 3.05% (min $2.5K) account review
• Credit Union of Georgia - 3.04% (min $50K), 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
• EverBank - 3.00% ($1.5K min) account review
• Navy FCU - 3.00% ($20K min) (3.15% for $100K+) restrictions to membership, account review
• Equity Bank - 2.91% (min $1K) account review
• Delta Community CU - 2.85% (min $1K) account review
• iGobanking - 2.80% (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
• Citibank - 2.50% (min $500) account review
• Western FCU - 2.11% (min $40K) account review
• 1st Source Bank - 1.50% (min $500) account review

84-Month Certificate of Deposit:

• 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
• Apple FCU - 3.75% (min $50K) (4.00% 10yr) account review
• Discover Bank - 3.45% (min $2.5K) (3.70% 10yr) account review
• Intervest - 3.31% (min $2.5K), account review
• Capital One/Costco - 3.30% (min $5K) account review
• Third Federal - 3.25% (6-yr) (min $500) account review
• Capital One - 3.25% (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 - 2.20% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.15% 7-day yield
• Vanguard Prime Money Market Fund - 0.10% 7-day yield
• Fidelity Money Market Fund - 0.07% 7-day yield (reviews on Fatwallet)
• Paypal Money Market Fund - 0.06% 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 yield
• 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 7:48pm 12/05/09: Corrected Peoples Bank minimum balance.