Bank Deals Weekly Summary for December 12, 2009

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

The Fed will be holding its last scheduled meeting for 2009 next Tuesday and Wednesday (Dec 15 & 16). I'm afraid savers shouldn't expect any Christmas present. The expectations are for the FOMC to maintain its current interest-rate policy of "exceptionally low levels of the federal funds rate for an extended period." There have been signs that the economy is starting to improve, and if this continues in 2010, we may finally see higher rates. However, with very high unemployment, the Fed may resist tightening its monetary policy for quite some time.

Three more banks failed yesterday which brings the total number of 2009 bank failures to 133. With only one more non-holiday Friday remaining in 2009, we probably won't top 140 for the year. All three banks that failed yesterday were small, and the FDIC arranged for other banks to assume all deposits. The main concern for depositors of these failed banks will be if the assuming banks honor existing CD rates to maturity. Arvest Bank which took over SolutionsBank in Kansas has already announced that CD rates were changed on the day of the closure (see post).

Savings Account Rates

One surprising rate cut this week occurred at Flagstar Bank which slashed its online Express Money Market rate from 1.60% to 1.09% APY. For the last two years this account had been very competitive. One thing interesting to note is that the current FDIC rate cap for money market accounts is 1.10%. The FDIC rate caps will be taking effect in January and are intended for less than well capitalized banks. I don't know if Flagstar has this designation, but it's well known that Flagstar has been losing money. Bloomberg reported in August that it was the largest bank in the US to have nonperforming loans of over 10%.

Rate Hikes:

1. None

Rate Drops:

1. Farmers & Merchants Bank Reward Checking - 3.51% eff 12/17 (was 4.01%)
2. EBSB Direct MMA - 1.67% $50K+ (was 1.77%)
3. 1st Constitution Direct Super Savings - 1.50% (was 1.75%)
4. First Trade Union Bank Savings - 1.50% (was 1.65%)
5. Ally Bank Savings & MMA - 1.50% (was 1.59% & 1.55%)
6. Union Federal Savings Bank MMA - 1.40% (was 1.50%)
7. E-LOAN Savings Plus - 1.35% (was 1.45%)
8. Zions MMA - 1.30% (was 1.35%)
9. Intervest MMA - 1.32% $2.5K (was 1.35%)
10. UmbrellaBank MMA - 1.25% $50K+ (was 1.35%)
11. Flagstar MMA - 1.09% (was 1.60%)
12. Citibank Ultimate Savings - 1.01% (was 1.15%)
13. Seacoast Commerce MMA - 0.50% (was 1.00%)

Certificate of Deposit Rates

One pleasant surprise that popped up on Friday was the 12-month CD rate increase at ING Direct. Its regular 12-month CD is now 2.00% APY which is the same rate as its Black Friday CD special, but unlike that Black Friday CD, this current one doesn't have a new money requirement. This means you can fund the CD with money from your ING Direct savings account or Electric Orange account. A 2% APY for a 12-month CD may not sound good, but unfortunately, it's very competitive in today's low-rate environment.

For longer term CDs Hudson City Savings Bank continues to offer competitive rates including a 3.15% APY 48-month CD and a 3.40% APY 60-month CD. Unlike many banks offering top rates, Hudson is financially strong. The CDs are available nationwide on the internet or from their branches in NY, NJ and CT (see post).

For those in Texas, Florida, Alabama, Georgia and Nevada, the BB&T branches of the former Colonial Bank continue to offer a special 11-month CD with a 2.25% APY. Colonial Bank failed in August, and now the accounts are held by BB&T, one of the largest banks in the US. These rates are not listed at the bank's website. I called branches in Florida, Texas and Alabama yesterday to confirm they're still available. The special may not be available at all branches so be sure to call your local branch to confirm availability. BB&T recently sold its former Colonial branches in Nevada to US Bank. According to this Lahontan Valley News article the transaction should be completed in early 2010. Note, I didn't check with Nevada branches yesterday to see if they still had this CD special.

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

Best Nationwide CD Deals as of 12/12/09: 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. 1.77% 10-mo CD at EBSB Direct (account review)
4. 2.42% 12-mo CD at Wings Financial CU, Limited Membership (account review)
5. 2.10% 12-mo CD at Alliant CU (account review)
6. 2.00% 12-mo CD at ING Direct (account review)
7. 2.25% 16-mo CD at Dollar Savings Direct (account review)
8. 2.45% 23-mo CD at Security Savings Bank (account review)
9. 3.00% 30-mo CD at Indus American Bank (account review)
10. 3.03% 36-mo CD at Goldwater Bank (account review)
11. 3.00% 45-mo CD at Reliabank Dokota (account review)
12. 3.15% 48-mo CD at Hudson City Savings Bank (account review)
13. 3.65% 60-mo CD at Melrose CU (account review)
14. 3.60% 60-mo CD at Apple FCU (account review)
15. 3.40% 60-mo CD at Hudson City Savings Bank (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 12/12/09: 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. 1.90% Savings Account (5% for 1st $1K) at OMNIBANK in TX (account review)
2. 2.12% 6-mo CD & 2.42% 12-mo CD at Wings Financial CU in MN (account review)
3. 2.00% 6-mo CD at Vision Bank in Dallas (account review)
4. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
5. 2.25% 11-mo CD at Colonial Bank Branches of BB&T in TX, FL & NV (account review)
6. 2.25% 12-mo & under CD at Cecil Bank in MD (account review)
7. 2.10% 12-mo CD at First Choice Bank in LA Metro Area (account review)
8. 2.50% 15-mo CD & 2.26% 9-mo CD at The Farmers Bank in TN (account review)
9. 2.30% 16-mo Jumbo CD at Teachers FCU in NY (account review)
10. 2.40% 17-mo CD at Royal Asian Bank in PA, NJ & NY (account review)
11. 2.75% 18-mo CD & 4% 60-mo CD at Greylock FCU in MA (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. 3.00% 36-mo, 2.65% 24-mo & 2.20% 12-mo CD at Signature Bank in NYC (account review)
17. 4.06% 48-mo CD & 2.50% 24-mo CD at Founders FCU in SC/NC (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 nine new reward checking accounts this week with yields ranging from 2.60% to 5.55%. Out of those nine, one is available nationwide. It's at Cross Key Bank in Louisiana. Its reward checking is paying 4.05% APY for balances up to $25K (see post).

One disappointment this week was the soon-to-be loss of a nationwide 4% $50K-cap reward checking account. Farmers & Merchants Bank notified its customers that it will be cutting the top yield on its reward checking account from 4.01% to 3.51% APY effective December 17th (see post). At least it's retaining the $50K cap. Compared to the best nationwide online savings account which has a 2% APY, you'll make about $750 more in this reward checking account over a year with a $50K balance. Of course this assumes the rates won't change. Update: There's another disappointment about this account. Readers have reported that Farmers & Merchants Bank has stopped offering this account to out-of-state customers.

To see all of the high yield reward checking accounts available throughout the nation, please refer to the reward checking section of DepositAccounts.com.

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

Banking News

• Three Banks Closed by Regulators in FL, AZ and KS
• More Information on the Transition to DepositAccounts.com

Savings/Checking Accounts - National

• Ally Bank News - Fee Changes and CD Renewal Bonus

CD Deals - National

• ING Direct Raises Yield on its 1-Year CD to 2.00% - Available Nationwide
• 3.00% 45-Month Online CD at Reliabank Dokota - Available Nationwide
• Competitive Long-Term CD Rates at Hudson City Savings Bank - Available Nationwide
• Competitive CD Rates at Self-Help Credit Union in NC & CA - Available Nationwide

Reward Checking Accounts

• The Last Remaining 6% Reward Checking Account
• 2.60% Reward Checking Account with $100K Balance Cap at Savoy Bank in NYC - Local Only
• 5.55% Reward Checking Account & 2.25% Savings Account at Mid America Bank & Trust Co. in MO - Local Only
• 4.50% Reward Checking Account at Lumbee Guaranty Bank in North Carolina - Local Only
• 4.13% Reward Checking Accont at R Bank in Texas - Local Only
• 4.01% Reward Checking Account at Indiana Bank & Trust Company - Indiana State Only
• 5.03% Reward Checking Account and 3.01% Savings Account at Sonoran Bank in Arizona - Local Only
• 3.50% Reward Checking Account at Kemba Credit Union in Ohio - Local Only
• 4.05% Reward Checking Account at Cross Key Bank in Louisiana - Available Nationwide
• 5.01% Reward Checking Account at First National Bank of Scottsdale in AZ - Local Only

CD and Money Market Deals - Local

• 3.00% 42-Month CD at First Financial Bank in IN & IL - Local Only
• 2.45% 15-Month CD at Lumbee Guaranty Bank in North Carolina - Local Only
• 2.25% 11-Month CD & 3.70% 59-Month CD at CharterBank in GA & AL - Local Only
• 2.15% 13-Month CD & 3.50% 60-Month CD at Fort Knox Federal Credit Union in Kentucky - Local Only
• 4.06% 48-Month CD & 3.29% 36-Month CD at Founders FCU in SC/NC - Local Only
• 2.50% 24-Month CD & Other Competitive CD Rates at Montauk Credit Union in New York - Local Only
• 2.75% 18-Month CD & 4.00% 60-Month CD at Greylock FCU in MA - Local Only
• 3.85% 6-Year CD at Kemba Credit Union in Ohio - Local Only
• 2.15% 18-Month CD at Valliance Bank in Texas - Local Only
• 2.10% 14-Month CD & 2.30% 19-Month CD at First Commercial Bank of Florida - EXPIRED
• 2.52% 25-Month CD & 2.02% 14-Month CD at First Bank in Kansas - Local Only
• 2.25% 24-Month Add-On CD at NexBank in Texas - Local Only
• 2.00% 11-Month CD Continues at Stillwater National Bank in OK - 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 December 12, 2009

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields Over 5%

• 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
• Alliant Credit Union - 2.00% (min $100), account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) rates starting 5/5/09 account review
• 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
• Discover Bank - 1.75% Savings (min $500) account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• FNCB Bank - 1.75% (min $100) account review
• Wings Financial CU - 1.71% MMA ($5K min) Limited Membership, account review
• CNB Bank Direct - 1.70% account review
• American Express Bank - 1.70%, account review
• Colorado Federal Savings Bank - 1.70% ($2.5K min) account review
• EBSB Direct - 1.67% (min $50K) account review
• Clear Sky Accounts - 1.65% account review
• Bank of Internet - 1.65% (min $100) account review
• Capital One/Costco - 1.65% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• Bank of Internet - 1.60% MMA (min $100) account review
• Newtown Savings Bank - 1.60%, account review
• UFB Direct - 1.60%, account review
• Capital One - 1.60% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• Bank of Internet - 1.55% Advantage Savings (min $100) account review
• Salem Five Direct - 1.55% Savings, account review
• Savings Square - 1.55%, account review
• Heartland Bank Direct - 1.51% ($500 min), account review
• WTDirect - 1.51% ($10K min), account review
• DollarSavingsDirect - 1.50% ($1K min) account review
• Nationwide Bank - 1.50% MMA (min $1K) account review
• Connexus CU - 1.50% MMA (min $20K) (2.00% $100K+) account review
• Delta Community CU - 1.50% MMA (min $25K) 1.75% $100K+, account review
• Bank of American Fork - 1.50% (min $1K) account review
• Danversbank - 1.50% account review
• ADB Bank - 1.50% account review
• Wilshire State Bank - 1.50%, chk required (min $500) account review
• ProvidentNJ Direct - 1.50% (min $10K) account review
• Bank of America - 1.50% MMA ($10K min), guaranteed to 4/2010, account review
• Ally/GMAC Bank - 1.50% MMA account review
• Ally Bank - 1.50% Savings account review
• First Trade Union Bank - 1.50% ($2.5K min) account review
• 1st Constitution Direct - 1.50% (min $100), 3 mo promo (1.50% $10K+ stnd) account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• AIG Bank - 1.41% MMA (min $10K+) account review
• iGObanking - 1.41%, account review
• Hudson City - 1.40% (min $2.5K) account review
• Grand Yield Direct - 1.40% (min $2.5K) account review
• FNBO Direct - 1.40%, account review
• CapitalOne/Costco - 1.40% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Union Federal Savings - 1.40% account review
• HSBC Direct - 1.35% account review
• Bank Provident Online - 1.35% (min $10) account review
• State Farm Bank - 1.35% Checking (min $2.5K) account review
• E-LOAN - 1.35% Savings Plus (min $5K) other requirements, account review
• Intervest National Bank - 1.32% 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)
• Zions Bank - 1.30% MMA, outside of Utah, (min $2.5K) account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• OneWest Bank - 1.25% (min $1K) account review
• EmigrantDirect - 1.20%, account review
• Bank of America NEA - 1.20% MMA ($500 min) (1.30% for $50K+) account review
• Capital One - 1.20% MMA, account review
• Citibank - 1.15% (Ultimate Savings) account review
• Imperial Capital - 1.12% MMA ($2.5K min) (1.29% for $100K+) account review
• UmbrellaBank - 1.10% MMA (min $1K) 1.25% ($50K+) account review
• Discover Bank - 1.10% MMA (min $2.5K) (1.50% $10K-$100K) account review
• Flagstar - 1.09% MMA, account review
• Bank of Internet - 1.05% Checking (min $5K) account review
• Charles Schwab - 1.05% Savings, account review
• OneUnited - 1.01% (min $1K), account review
• Grand Yield Direct - 1.01% Checking (min $2.5K), must have the grand yield direct savings account for 30 days
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• TotalBank - 1.00% (min $1K) account review
• Imperial Capital - 0.88% Checking (min $1K) account review
• VirtualBank - 0.75% (min $100), (1.26% $25K+, 1.41% $50K+) post ($20 bonus)
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Charles Schwab - 0.75% Checking, account review
• Amegy Bank - 0.55% (min $1K) account review
• ETrade Bank - 0.50%, account review
• iGObanking - 0.50% Checking, account review
• Seacoast Commerce Bank - 0.50% (min $25K) 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
• UFB Direct - 1.22% (min $8K)
• Imperial Capital - 1.18%, ($2K min), account review
• MetLife Bank - 1.15% (min $25K) account review
• Ally Bank - 1.05% (min $0) account review
• UmbrellaBank - 1.00% (min $1K) account review
• FirstFedDirect - 1.00% (min $10K), 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
• Southeast Financial FCU - 1.75% (min $500) account review
• America's CU - 1.75% (7 mo) (min $500) account review
• TotalBank - 1.65% (min $1K) account review
• Ascencia Bank - 1.51% (min $500), account review
• Jacksonville Bank - 1.50% (min $1K) account review
• La Jolla Bank - 1.50% (min $10K), account review
• Connexus CU - 1.50% (min $500) account review
• Colorado Federal Savings Bank - 1.50% ($5K min) account review
• FirstFedDirect - 1.50% (min $10K), account review
• Ally Bank - 1.45% (min $0) account review
• Century Bank Direct - 1.40% (5 mo) (min $1K) account review
• Imperial Capital - 1.40% ($2K min), account review
• Excel National Bank - 1.38% (min $10K) account review
• UmbrellaBank - 1.35% (min $1K) account review
• E-LOAN - 1.35% ($10K min) account review
• Consumers CU - 1.25% (7-mo) (min $250) (1.50% $100K+) account review
• Wilshire State Bank - 1.25% (min $1K) account review
• ING Direct - 1.25% account review
• MetLife Bank - 1.25% (min $25K) account review

9-Month Certificates of Deposit:

• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• EBSB Direct - 1.77% (10-mo) (min $1K) account review
• TotalBank - 1.65% (min $1K) account review
• Imperial Capital - 1.56% ($2K min), account review
• Century Bank Direct - 1.55% (10 mo) (min $1K) account review
• UmbrellaBank - 1.55% (min $1K) account review
• FirstFedDirect - 1.55% (min $10K) account review
• NewDominion Bank - 1.50% (min $3K) account review
• Acacia Federal Savings Bank - 1.45% (min $500) account review
• Ally Bank - 1.44% (min $0) No-Penalty, account review
• Ally Bank - 1.40% (min $0) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• E-LOAN - 1.40% ($10K min) account review
• MetLife Bank - 1.35% (min $25K) account review
• NASA FCU - 1.25% (min $5K) account review
• OneWest Bank - 1.20% (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 - 2.11% (15-mo) (min $10K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Melrose CU - 2.07% (min $5K) account review
• Self-Help CU - 2.07% (min $500) account review
• Franklin Synergy Bank - 2.05% account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, account review
• ING Direct - 2.00% (min $1) account review
• Jacksonville Bank - 2.00% (min $1K) account review
• Frontier Bank - 2.00% (min $50K) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• America's CU - 2.00% (13-mo) (min $500) account review
• Colorado Federal Savings Bank - 2.00% ($5K min) account review
• Academy Bank - 2.00% (min $500) account review
• UmbrellaBank - 1.95% (min $1K) account review
• NewDominion Bank - 1.92% (min $3K) account review
• State Bank of India - 1.91% (min $5K) account review
• Ascencia Bank - 1.91% (min $500), account review
• Pacific Mercantile Bank - 1.91% (min $10K) account review
• Century Bank Direct - 1.90% (15-mo) (min $1K) account review
• Discover Bank - 1.85% (min $2.5K) account review
• Delta Community CU - 1.85% (min $1K) account review
• AIG Bank - 1.85% (min $2.5K) account review
• Ally Bank - 1.85% (min $0) account review
• ISN Bank - 1.82% (min $1K) account review
• Acacia Federal Savings Bank - 1.80% (min $500) account review
• La Jolla Bank - 1.80% (min $10K), account review
• Nationwide Bank - 1.80% (min $500) account review
• UFB Direct - 1.80% (min $8K)
• USAA Bank - 1.79% (15 mo) (min $1K) (2.10% $175K min) account review
• Consumers CU - 1.75% (15-mo) (min $250) (2.00% $100K+) account review
• Connexus CU - 1.75% (min $500) account review
• Wilshire State Bank - 1.75% (min $10K), liquid features, account review
• BankUnited - 1.75% (min $5K) account review
• Imperial Capital - 1.72% ($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
• Bank of Internet - 1.65% (min $1K) account review
• OneWest Bank - 1.65% (min $5K) (phone or branch only) account review
• TotalBank - 1.65% (min $1K) account review
• OneWest Bank/IndyMac - 1.65% (min $5K) liquid CD, account review
• MetLife Bank - 1.65% (min $25K) account review
• E-LOAN - 1.55% ($10K min) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• Fifth Third - 1.50% (13-mo) (min $5K) not all states, account review
• Tennessee Commerce Bank - 1.50% (min $5K) 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
• iGobanking - 1.00% (min $500), account review
• Seacoast Commerce Bank - 1.00% (min $10K) account review

18-Month Certificates of Deposit:

• Citibank - 4.07% (min $200) (max $25K) requires secured credit card, account review
• Pacific Mercantile Bank - 2.48% IRA-only (min $7.5K) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 12/12 account review
• Christian Community CU - 2.25% (min $1K) not NCUA insured (ASI only) account review
• Southeast Financial FCU - 2.25% (min $500) account review
• Security Savings Bank - 2.20% (min $500) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Century Bank Direct - 2.05% (20 mo) (min $1K) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• NASA FCU - 2.00% (min $5K) account review
• Academy Bank - 2.00% (min $500) account review
• Main Street Bank - 2.00% (min $10K) account review
• Nationwide Bank - 1.97% (min $500) account review
• NewDominion Bank - 1.96% (min $3K) account review
• AIG Bank - 1.95% (min $2.5K) account review
• UmbrellaBank - 1.90% (min $1K), account review
• Discover Bank - 1.90% (min $2.5K), account review
• Northpointe Bank - 1.90% (min $5K) account review
• Ally Bank - 1.89% (min $0) account review
• Equity Bank - 1.87% (min $1K) account review
• Navy FCU - 1.85% ($10K min) restrictions to membership, account review
• OneWest Bank - 1.70% (min $5K) account review
• MetLife Bank - 1.65% (min $25K) account review
• Flagstar - 1.50% (min $500), 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
• Frontier Bank - 2.50% (min $50K) account review
• Pacific Mercantile Bank - 2.48% IRA-only (min $7.5K) account review
• Security Savings Bank - 2.45% (23-mo) (min $500) account review
• Jacksonville Bank - 2.40% (min $1K) account review
• American Express Bank - 2.35% (min $0) account review
• Southeast Financial FCU - 2.35% (min $500) 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
• Golf Savings Bank - 2.30% (min $10K) account review
• ISN Bank - 2.28% (min $1K) account review
• Northrop Grumman FCU - 2.27% (min $40K), account review
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• Discover Bank - 2.25% (min $2.5K) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• America's CU - 2.25% (25 mo) (min $500) account review
• Colorado Federal Savings Bank - 2.25% ($5K min) account review
• State Bank of India - 2.22% (min $5K) account review
• NewDominion Bank - 2.21% (min $3K) account review
• Main Street Bank - 2.20% (min $10K) account review
• USAA Bank - 2.20% (min $1K) (2.51% $175K min) account review
• AIG Bank - 2.20% (min $2.5K) account review
• Ally Bank - 2.19% (min $0) account review
• Northwest FCU - 2.19% (min $500) add-on, account review
• Northpointe Bank - 2.19% (min $5K) account review
• E-LOAN - 2.16% ($10K min) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Equity Bank - 2.08% (min $1K) account review
• EverBank - 2.05% ($1.5K min) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• Fifth Third - 2.00% (min $5K) not all states, account review
• Consumers CU - 2.00% (min $250) (2.25% $100K+) account review
• Academy Bank - 2.00% (min $500) account review
• Capital One - 2.00% (min $5K) account review
• Tennessee Commerce Bank - 1.95% (min $5K) account review
• MetLife Bank - 1.90% (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:

• Wings Financial CU - 3.03% (min $500) Limited Membership, account review
• Goldwater Bank - 3.03% (min $50K) account review
• Security Savings Bank - 2.85% (35 mo) (min $500) account review
• Melrose CU - 2.83% (min $5K) account review
• Hudson City Bank - 2.80% (min $5K) account review
• Frontier Bank - 2.80% (min $50K) account review
• BankUnited - 2.75% (min $5K) account review
• Southern Community Bank & Trust - 2.75% (min $500) account review
• Jacksonville Bank - 2.70% (min $1K) account review
• Acacia Federal Savings Bank - 2.65% (min $500) account review
• State Bank of India - 2.63% (min $5K) account review
• Northrop Grumman FCU - 2.63% (min $40K), account review
• Alliant Credit Union - 2.60% (min $25K) account review
• Discover Bank - 2.60% (min $2.5K) account review
• NewDominion Bank - 2.56% (min $3K) account review
• Ally Bank - 2.55% (min $0) account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• Intervest - 2.55% (min $2.5K), account review
• Dime Savings Bank - 2.50% (min $500) account review
• American Express Bank - 2.50% (min $0) account review
• H&R Block Bank - 2.50% (min $250) account review
• Pentagon Federal CU - 2.50% (min $1K), account review
• AIG Bank - 2.50% (min $2.5K) account review
• Colorado Federal Savings Bank - 2.50% ($5K min) account review
• Gateway Regional CU - 2.50% (min $1K) restrictions to membership, account review
• iGobanking - 2.45% (min $500), account review
• Nationwide Bank - 2.40% (min $500) account review
• Agriculture FCU - 2.40% (min $1K) account review
• Equity Bank - 2.37% (min $1K) account review
• Bank of Internet - 2.25% (min $1K) account review
• Tennessee Commerce Bank - 2.25% (min $5K) account review
• Flagstar - 1.75% (min $500), account review

48-Month Certificate of Deposit:

• 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
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Frontier Bank - 3.00% (min $50K) account review
• Capital One - 3.00% (min $5K) account review
• BankUnited - 3.00% (min $5K) account review
• National Bank of KC - 2.90% (min $10K) account review
• Nationwide Bank - 2.85% (min $500) account review
• Discover Bank - 2.85% (min $2.5K) account review
• Intervest - 2.85% (min $2.5K), account review
• Gateway Regional CU - 2.80% (min $1K) restrictions to membership, account review
• American Express Bank - 2.75% (min $0) account review
• Ally Bank - 2.75% (min $0) account review
• Third Federal - 2.75% (min $500) account review
• Pentagon Federal CU - 2.75% (min $1K), account review
• USAA Bank - 2.75% (min $1K) (3.06% $175K min) account review
• iGobanking - 2.70% (min $500), account review
• Golf Savings Bank - 2.70% (min $10K) account review
• Equity Bank - 2.59% (min $1K) account review
• Tennessee Commerce Bank - 2.45% (min $5K) account review
• FNBO Direct - 2.25% (min $500) account review
• Flagstar - 1.75% (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
• Goldwater Bank - 3.40% (min $50K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Hudson City Bank - 3.40% (min $5K) account review
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• OneWest Bank/IndyMac - 3.30% (min $5K) (phone or branch) account review
• Discover Bank - 3.30% (min $2.5K) account review
• Capital One/Costco - 3.30% (min $5K) account review
• State Bank of India - 3.29% (min $5K) account review
• Intervest - 3.27% (min $2.5K), account review
• Dime Savings Bank - 3.25% (min $500) account review
• Mountain America CU - 3.25% (min $1K) account review
• BankUnited - 3.25% (min $5K) account review
• American Express Bank - 3.25% (min $0) account review
• Connexus CU - 3.25% (min $1K) account review
• Frontier Bank - 3.25% (min $50K) account review
• Capital One - 3.25% (min $5K) account review
• E-LOAN - 3.20% ($10K min) account review
• NASA FCU - 3.15% (55-o) (min $5K) account review
• Nationwide Bank - 3.15% (min $500) account review
• Agriculture FCU - 3.15% (min $1K), account review
• University FCU - 3.12% (min $2.5K), account review
• Alliant Credit Union - 3.10% (min $25K) account review
• Ally Bank - 3.10% (min $0) account review
• AIG Bank - 3.05% (min $2.5K) account review
• Gateway Regional CU - 3.05% (min $1K) restrictions to membership, account review
• Patelco CU - 3.04% ($1K min), account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• USAA Bank - 3.01% (min $1K) (3.32% $175K min) account review
• US Bank - 3.00% (59 mo) (min $1K) account review
• Navy FCU - 3.00% ($20K min) (3.15% for $100K+) restrictions to membership, account review
• EverBank - 3.00% ($1.5K min) account review
• Consumers CU - 3.00% (59-mo) (min $250) (3.25% $100K+) account review
• Third Federal - 3.00% (min $500) account review
• Pentagon Federal CU - 3.00% (min $1K), account review
• Colorado Federal Savings Bank - 3.00% ($5K min) account review
• Equity Bank - 2.86% (min $1K) account review
• Delta Community CU - 2.85% (min $1K) account review
• iGobanking - 2.80% (min $500), account review
• USA FCU - 2.53% (min $1K) account review
• FNBO Direct - 2.51% (min $500) account review
• Citibank - 2.25% (min $500) account review
• Western FCU - 2.08% (min $40K) account review
• Flagstar - 1.99% (min $500), account review
• 1st Source Bank - 1.50% (min $500) account review

84-Month Certificate of Deposit:

• Navy FCU - 4.00% ($20K min) restrictions to membership, account review
• Pentagon Federal CU - 4.00% (min $1K), account review
• 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
• Capital One - 3.25% (min $5K) account review
• Third Federal - 3.25% (6-yr) (min $500) 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
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Bank Account Alternatives

• GE Interest Plus - 2.20% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.13% 7-day yield
• Vanguard Prime Money Market Fund - 0.08% 7-day yield
• Fidelity Money Market Fund - 0.07% 7-day yield (reviews on Fatwallet)
• Paypal Money Market Fund - 0.07% 7-day yield (1% cashback debit MasterCard)
• Fidelity Municipal Money Market Fund - 0.01% 7-day yield
• TIAA-CREF Money Market Fund - 0.01% 7-day 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)