Bank Deals Weekly Summary for January 17, 2010

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

Inflation numbers for December were released on Friday, and it doesn't look good for savers. The CPI rose less than expected. An economist quoted in this BusinessWeek article stated that "It gives the Fed further leeway to continue keeping rates where they are well through 2010." For savers, 2010 may be a lot like 2009.

Three more banks failed on Friday bringing the yearly total to four. The FDIC wasn't able to find a buyer for one of the failed banks. CD customers will have to wait for the FDIC to mail them checks for their insured deposits (see review).

Savings Account Rates

We had another week with rate cuts at several banks. Two former rate leaders cut their savings account rates. ShoreBank Direct slashed its savings account rate from 1.70% to 1.09% APY (1.25% APY for $100K+). As I mentioned, this large cut may be due to their financial problems. Note how close these rates are to the FDIC rate caps for less than well capitalized banks.

The other former rate leader to cut its rate this week was CNB Bank Direct. Its savings account yield fell from 1.70% to 1.50% APY. CNB Bank Direct had a history of more than a year of being near the top of the savings account list. This cut moves them away from the top, but 1.50% is still an above-average rate (unfortunately 1.50% is above average).

On the plus side, Incredible Bank continues to offer 2.02% APY on its internet checking account. Only Incredible Bank and Alliant Credit Union offer a liquid non-promo account paying around 2% without limitations or restrictions.

Rate Hikes:

1. None

Rate Drops:

1. ShoreBank Direct Savings - 1.09% (was 1.70%)
2. CNB Bank Direct Savings - 1.50% (was 1.70%)
3. Capital One/Costco InterestPlus Savings - 1.60% (was 1.65%)
4. Capital One InterestPlus Savings - 1.55% (was 1.60%)
5. Salem Five Direct Savings - 1.45% (was 1.55%)
6. Bank of American Fork Savings - 1.40% (was 1.50%)
7. ADB Bank MMA - 1.40% (was 1.50%)
8. Bank Provident Online Savings - 1.25% (was 1.35%)
9. Intervest National Bank MMA - 1.15% $2.5K (was 1.25%)
10. Discover MMA - 1.00% $2.5K (was 1.10%)
11. Flagstar MMA - 0.61% under $100K (was 1.06%)

Certificate of Deposit Rates

Like savings account rates, CD rates trended down last week. If you're shopping for a CD, the difficult question is what term should you choose? 6 months? 1 year? 5 years? Many are recommending short-term CDs of 1 year or less. The expectation is that interest rates will be rising sharply in a year from now. If you lock in a CD with a longer term, your CD will be stuck with a low rate as interest rates rise.

However, there is a chance interest rates will remain low for 2010 and beyond. If rates do stay low, you'll lose out on the higher rates from a long-term CD.

If you do go with long-term CDs, you can reduce the risk of losing out if interest rates shoot up by choosing CDs with low early withdrawal penalties. There can be a lot of variation in early withdrawal penalties. For example, Acacia Federal Savings Bank has a very competitive rate of 3.40% APY on its 5-year CD. However, it also has a severe early withdrawal penalty, 18 months of interest. If you break the CD after 18 months, you'll lose all of the interest. At 3 years, you'll lose half the interest which results in a 3-year rate of about 1.70%.

Pentagon Federal Credit Union also has a very competitive 5-year CD rate (3.50% APY). However, its early withdrawal penalty is only 6 months of interest. If you break the CD after 1 year, you'll lose half of the interest. This results in a 1-year rate of about 1.75% which is not too bad when you consider many 1-year CDs don't have rates this high.

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

Best Nationwide CD Deals as of 1/17/10: Also listed are savings account promos with rate guarantee periods. The full list of nationwide CD rates is farther down.

1. 2.25% 3-mo money market/checking promo at EverBank (account review)
2. 2.50% 9-mo ($50K max) at Dime Savings Bank (account review)
3. 1.77% 10-mo CD at EBSB Direct (account review)
4. 2.22% 12-mo CD at Wings Financial CU, Limited Membership (account review)
5. 2.15% 12-mo CD at Franklin Synergy Bank (account review)
6. 2.10% 12-mo CD at Alliant CU (account review)
7. 2.25% 16-mo CD at Dollar Savings Direct (account review)
8. 2.23% 24-mo Add-On CD at Northwest FCU (account review)
9. 3.00% 36-mo CD at Pentagon FCU (account review)
10. 3.00% 45-mo CD at Reliabank Dokota (account review)
11. 3.25% 48-mo CD at Pentagon FCU (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. 3.46% 60-mo CD ($100K min) at Northwest FCU (account review)
16. 3.50% 60-mo CD at Pentagon FCU (account review)
17. 3.40% 60-mo CD at Hudson City Savings Bank (account review)
18. 4.06% 84-mo CD (min $175K) at USAA Bank (account review)

Best Local CD Deals as of 1/17/10: 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. 2.50% Money Market Account (min $100K) at Georgia Primary Bank in Atlanta (account review)
2. 1.90% Savings Account (5% for 1st $1K) at OMNIBANK in TX (account review)
3. 2.22% 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. 2.00% 6-mo CD at United Financial Bank of Florida (account review)
6. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
7. 2.25% 12-mo & 2.10% 6-mo CD at Atlanta Postal CU in GA (account review)
8. 2.25% 12-mo & under CD at Cecil Bank in MD (account review)
9. 2.00% 15-mo CD at LA Financial Credit Union in CA & AZ (account review)
10. 2.30% 16-mo Jumbo CD at Teachers FCU in NY (account review)
11. 2.75% 18-mo CD & 4% 60-mo CD at Greylock FCU in MA (account review)
12. 2.40% 18-mo CD & 3.40% 44-mo CD at Crescent Bank & Trust in Louisiana (account review)
13. 4.06% 48-mo CD & 2.52% 24-mo CD at Founders FCU in SC/NC (account review)
14. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
15. 3.80% 60-mo & 3.29% 48-mo CD at PrimeWay FCU in Houston (account review)
16. 3.60% 60-mo Jumbo CD at CEFCU in CA & IL (account review)
17. 3.50% 60-mo CD at First Priority CU in MA (account review)

Reward Checking Accounts

I reported on two new reward checking accounts this week with rates of 3.51% and 5.12% APY. The 5.12% one is only available for those in certain parts of New Mexico. For nationwide reward checking accounts, the highest rate is only 4.30% APY. To find 5% reward checking accounts, you'll need to search local, and this search is getting harder. Many 5% deals are disappearing as banks cut their rates.

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

• BankDeals Is Now at DepositAccounts.com
• Three Banks Failed Today - FDIC Wasn't Able To Find a Buyer for One
• BankDeals Transition to DepositAccounts.com Is Fast Approaching
• The Hidden Costs of Reward Cards

CD Deals - National

• 2.50% 9-Month CD at Dime Savings Bank in New York
• Update on Ally Bank's CD Renewal Bonus

Savings/Checking Accounts - Nationwide

• Ally Bank Launches an Interest Checking Account
• Ally Bank Plans to Launch a Checking Account by End of This Week
• Changes in ShoreBank Direct's Savings Account

Checking/Savings Bonuses

• Update on ING Direct Bonuses
• $100 Checking Account Bonus and an Online Savings Account at Bank of the West
• $150 Checking Account Bonus at PlainsCapital Bank - Texas Only

Reward Checking Accounts

• 3.51% Reward Checking Account at Aspire FCU - Available Nationwide
• 5.12% Reward Checking Account at Bank of the Southwest in NM - Local Only

CD and Money Market Deals - Local

• 2.50% 25-Month CD Continues at First Financial Bank in OH, IN & Other States - Local Only
• 4.00% 60-Month CD & 2.30% 18-Month CD at Hanover Community Bank in NY - RATE CUT
• 2.55% 22-Month CD at First Commercial bank of Florida - Local Only
• 3.00% No-Penalty 60-Month IRA CD at Agriculture FCU - Easy Membership
• 2.30% 21-Month CD at Worthington Federal Bank in Alabama - 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 January 17, 2010

Checking/Savings/Money Market Accounts:

• Reward Checking Accounts with Yields Over 5%

• EverBank - 2.25% ($5K min), 3 mo promo rate up to $50K (1.26% 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) account review
• Alliant Credit Union - 2.00% (min $100), 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, account review
• FNCB Bank - 1.75% (min $100) account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, 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
• EBSB Direct - 1.67% (min $50K) account review
• Bank of Internet - 1.65% (min $100) account review
• Clear Sky Accounts - 1.60% account review
• Newtown Savings Bank - 1.60%, account review
• Bank of Internet - 1.60% MMA (min $100) account review
• Discover Bank - 1.60% Savings (min $500) account review
• Capital One/Costco - 1.60% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• UFB Direct - 1.55%, account review
• Savings Square - 1.55%, account review
• Bank of Internet - 1.55% Advantage Savings (min $100) account review
• Capital One - 1.55% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• 1st Constitution Direct - 1.50% (min $100), 3 mo promo (1.50% $10K+ stnd) account review
• First Trade Union Bank - 1.50% ($2.5K 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
• Danversbank - 1.50% 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
• American Express Bank - 1.50%, account review
• CNB Bank Direct - 1.50% account review
• Ally Bank - 1.49% Savings account review
• Ally/GMAC Bank - 1.49% MMA account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• Salem Five Direct - 1.45% Savings, account review
• WTDirect - 1.41% ($10K min), 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
• Delta Community CU - 1.40% MMA (min $25K) 1.65% $100K+, account review
• ADB Bank - 1.40% account review
• Bank of American Fork - 1.40% (min $1K) account review
• HSBC Direct - 1.35% account review
• iGObanking - 1.31%, account review
• E-LOAN - 1.30% Savings Plus (min $5K) other requirements, account review
• AIG Bank - 1.30% MMA (min $10K) account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• ING Direct - 1.25%, (0.25% checking), post ($25 bonus)
• State Farm Bank - 1.25% Checking (min $2.5K) account review
• Zions Bank - 1.25% MMA, outside of Utah, (min $2.5K) account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• Bank Provident Online - 1.25% (min $10) account review
• Union Federal Savings - 1.20% account review
• Capital One - 1.20% MMA, account review
• EmigrantDirect - 1.20%, account review
• Bank of America NEA - 1.15% MMA ($500 min) (1.25% for $50K+) account review
• OneWest Bank - 1.15% (min $1K) account review
• Intervest National Bank - 1.15% MMA (min $2.5K) account review
• Heartland Bank Direct - 1.11% ($500 min), account review
• ShoreBank - 1.09%, 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
• Citibank - 1.01% (Ultimate Savings) 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
• Amboy Direct - 1.00% (min $3K) (eSavings) account review
• Discover Bank - 1.00% MMA (min $2.5K) (1.50% $10K-$100K) 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)
• Flagstar - 0.61% MMA, account review
• Amegy Bank - 0.55% (min $1K) account review
• Seacoast Commerce Bank - 0.50% (min $25K) account review
• iGObanking - 0.50% Checking, account review
• ETrade Bank - 0.50%, account review

3-Month Certificates of Deposit:

• Wings Financial CU - 1.76% (min $500) Limited Membership, account review
• Danversbank - 1.75% (4 mo) (min $500) account review
• TotalBank - 1.40% (min $1K) account review
• UFB Direct - 1.20% (min $8K)
• MetLife Bank - 1.15% (min $25K) account review
• Southeast Financial FCU - 1.10% (min $500) account review
• Ally Bank - 0.99% (min $0) account review
• Wilshire State Bank - 0.90% (min $1K) account review
• H&R Block Bank - 0.75% (min $5K) account review
• Consumers CU - 0.50% (min $500) account review

6-Month Certificates of Deposit:

• Wings Financial CU - 1.96% (min $500) Limited Membership, account review
• America's CU - 1.75% (7 mo) (min $500) account review
• Southeast Financial FCU - 1.60% (min $500) account review
• Ascencia Bank - 1.51% (min $500), account review
• Connexus CU - 1.50% (min $500) account review
• Jacksonville Bank - 1.50% (min $1K) account review
• State Bank of India - 1.46% (min $5K) account review
• UFB Direct - 1.45% (min $8K)
• TotalBank - 1.40% (min $1K) account review
• La Jolla Bank - 1.40% (min $10K), account review
• Excel National Bank - 1.35% (min $10K) account review
• Ally Bank - 1.34% (min $0) account review
• Colorado Federal Savings Bank - 1.30% ($5K min) account review
• MetLife Bank - 1.25% (min $25K) account review
• Wilshire State Bank - 1.25% (min $1K) account review
• Century Bank Direct - 1.25% (5 mo) (min $1K) account review
• ING Direct - 1.15%, account review
• E-LOAN - 1.00% ($10K min) account review

9-Month Certificates of Deposit:

• EBSB Direct - 1.77% (10-mo) (min $1K) account review
• Century Bank Direct - 1.50% (10 mo) (min $1K) account review
• OneWest Bank - 1.45% (min $5K) account review
• NewDominion Bank - 1.42% (min $3K) account review
• TotalBank - 1.40% (min $1K) account review
• Doral Bank Direct - 1.40% (min $1K) account review
• MetLife Bank - 1.35% (min $25K) account review
• Acacia Federal Savings Bank - 1.35% (min $500) account review
• Ally Bank - 1.24% (min $0) No-Penalty, account review
• Ally Bank - 1.20% (min $0) account review
• E-LOAN - 1.05% ($10K min) account review
• Bank of America - 0.40% (min $5K), risk-free, rates vary by state (account review)

12-Month Certificates of Deposit:

• Apple FCU - 3.00% IRA-only (14-mo) (min $500) account review
• Wings Financial CU - 2.22% (min $500) Limited Membership, account review
• Franklin Synergy Bank - 2.15% (min $1K) 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
• America's CU - 2.00% (13-mo) (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Jacksonville Bank - 2.00% (min $1K) account review
• Golf Savings Bank - 2.00% (15-mo) (min $10K) account review
• Frontier Bank - 1.95% (min $500) account review
• Ascencia Bank - 1.91% (min $500), account review
• Academy Bank - 1.90% (min $500) account review
• Christian Community CU - 1.90% (min $1K) not NCUA insured (ASI only) account review
• UFB Direct - 1.86% (min $8K)
• State Bank of India - 1.86% (min $5K) account review
• NewDominion Bank - 1.82% (min $3K) account review
• Nationwide Bank - 1.80% (min $500) account review
• Delta Community CU - 1.80% (min $1K) account review
• Colorado Federal Savings Bank - 1.80% ($5K min) account review
• USAA Bank - 1.79% (15-mo) (min $1K) (2.10% $175K min) account review
• Discover Bank - 1.75% (min $2.5K) account review
• BankUnited - 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
• Consumers CU - 1.75% (15-mo) (min $250) (2.00% $100K+) account review
• Ally Bank - 1.74% (min $0) account review
• Acacia Federal Savings Bank - 1.70% (min $500) account review
• Century Bank Direct - 1.70% (15-mo) (min $1K) account review
• La Jolla Bank - 1.70% (min $10K), account review
• Pacific Mercantile Bank - 1.70% (min $10K) account review
• ISN Bank - 1.68% (min $1K) account review
• OneWest Bank - 1.66% (min $5K) account review
• OneWest Bank/IndyMac - 1.66% (min $5K) liquid CD, account review
• Credit Union of Georgia - 1.66% (min $50K), account review
• MetLife Bank - 1.65% (min $25K) account review
• Bank of Internet - 1.65% (min $1K) account review
• Northpointe Bank - 1.65% (min $5K) account review
• Tennessee Commerce Bank - 1.60% (min $5K) account review
• Equity Bank - 1.60% (min $1K) account review
• AIG Bank - 1.60% (min $2.5K) account review
• ING Direct - 1.60% (min $1) account review
• Northwest FCU - 1.58% (min $500) add-on, account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• TotalBank - 1.40% (min $1K) account review
• Fifth Third - 1.35% (13-mo) (min $5K) not all states, account review
• HSBC Direct - 1.25% (min $10) account review
• E-LOAN - 1.15% ($10K min) account review
• Amboy Direct - 1.10% Add-On (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
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 1/16 account review
• Pacific Mercantile Bank - 2.17% IRA-only (min $7.5K) account review
• Southeast Financial FCU - 2.11% (min $500) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Nationwide Bank - 1.97% (min $500) account review
• Academy Bank - 1.90% (min $500) account review
• Century Bank Direct - 1.90% (20 mo) (min $1K) account review
• Christian Community CU - 1.90% (min $1K) not NCUA insured (ASI only) account review
• NewDominion Bank - 1.86% (min $3K) account review
• Discover Bank - 1.85% (min $2.5K), account review
• Northpointe Bank - 1.85% (min $5K) account review
• Colorado Federal Savings Bank - 1.85% ($5K min) account review
• Equity Bank - 1.82% (min $1K) account review
• Ally Bank - 1.74% (min $0) account review
• AIG Bank - 1.70% (min $2.5K) account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• MetLife Bank - 1.65% (min $25K) account review
• OneWest Bank - 1.65% (min $5K) account review
• Flagstar - 1.04% (min $500), account review

24-Month Certificates of Deposit:

• Wings Financial CU - 2.63% (min $500) Limited Membership, account review
• Frontier Bank - 2.45% (min $50K) account review
• Jacksonville Bank - 2.40% (min $1K) 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
• Northrop Grumman FCU - 2.26% (min $40K), account review
• America's CU - 2.25% (25 mo) (min $500) account review
• TriState Capital Direct - 2.25% (min $95K) account review
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• Southeast Financial FCU - 2.25% (min $500) account review
• Northwest FCU - 2.23% (min $500) add-on, account review
• State Bank of India - 2.22% (min $5K) account review
• NewDominion Bank - 2.21% (min $3K) account review
• Discover Bank - 2.20% (min $2.5K) account review
• Golf Savings Bank - 2.20% (min $10K) account review
• Pacific Mercantile Bank - 2.17% IRA-only (min $7.5K) account review
• AIG Bank - 2.15% (min $2.5K) account review
• Ally Bank - 2.15% (min $0) account review
• USAA Bank - 2.15% (min $1K) (2.46% $175K min) account review
• ISN Bank - 2.12% (min $1K) account review
• Main Street Bank - 2.10% (min $10K) account review
• Northpointe Bank - 2.10% (min $5K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• EverBank - 2.05% ($1.5K min) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Equity Bank - 2.04% (min $1K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• Capital One - 2.00% (min $5K) account review
• American Express Bank - 2.00% (min $0) account review
• Tennessee Commerce Bank - 2.00% (min $5K) account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• MetLife Bank - 1.90% (min $25K) account review
• Academy Bank - 1.90% (min $500) account review
• Fifth Third - 1.85% (min $5K) not all states, account review
• Consumers CU - 1.80% (min $250) (2.05% $100K+) account review
• E-LOAN - 1.65% ($10K min) account review
• iGobanking - 1.50% (min $500), account review
• Bank of America DOW - 1.45% (min $1K) account review

36-Month Certificate of Deposit:

• Wings Financial CU - 3.03% (min $500) Limited Membership, account review
• Pentagon Federal CU - 3.00% (min $1K), account review
• Melrose CU - 2.83% (min $5K) account review
• Hudson City Bank - 2.80% (min $5K) account review
• BankUnited - 2.75% (min $5K) account review
• Frontier Bank - 2.75% (min $50K) account review
• Jacksonville Bank - 2.70% (min $1K) account review
• Northrop Grumman FCU - 2.70% (min $40K), account review
• Acacia Federal Savings Bank - 2.65% (min $500) account review
• State Bank of India - 2.63% (min $5K) account review
• Nationwide Bank - 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
• Discover Bank - 2.50% (min $2.5K) account review
• Gateway Regional CU - 2.50% (min $1K) restrictions to membership, account review
• Dime Savings Bank - 2.50% (min $500) account review
• Southern Community Bank & Trust - 2.50% (min $500) account review
• Ally Bank - 2.49% (min $0) account review
• Intervest - 2.45% (min $2.5K), account review
• iGobanking - 2.45% (min $500), account review
• AIG Bank - 2.45% (min $2.5K) account review
• Agriculture FCU - 2.40% (min $1K) account review
• Equity Bank - 2.34% (min $1K) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• Colorado Federal Savings Bank - 2.30% ($5K min) account review
• Bank of Internet - 2.25% (min $1K) account review
• American Express Bank - 2.25% (min $0) account review
• H&R Block Bank - 2.00% (min $250) account review
• Goldwater Bank - 1.85% (min $50K) account review
• Flagstar - 1.70% (min $500), account review

48-Month Certificate of Deposit:

• Pentagon Federal CU - 3.25% (min $1K), 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
• National Bank of KC - 3.03% (min $10K) account review
• BankUnited - 3.00% (min $5K) account review
• Capital One - 3.00% (min $5K) account review
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Frontier Bank - 2.95% (min $50K) account review
• Nationwide Bank - 2.85% (min $500) account review
• Gateway Regional CU - 2.80% (min $1K) restrictions to membership, account review
• Discover Bank - 2.75% (min $2.5K) account review
• Intervest - 2.75% (min $2.5K), account review
• USAA Bank - 2.75% (min $1K) (3.06% $175K min) account review
• Third Federal - 2.75% (min $500) account review
• Ally Bank - 2.74% (min $0) account review
• iGobanking - 2.70% (min $500), account review
• Golf Savings Bank - 2.65% (min $10K) account review
• Tennessee Commerce Bank - 2.60% (min $5K) account review
• Equity Bank - 2.58% (min $1K) account review
• American Express Bank - 2.50% (min $0) account review
• FNBO Direct - 2.25% (min $500) account review
• Flagstar - 1.94% (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
• Pentagon Federal CU - 3.50% (min $1K), account review
• Hudson City Bank - 3.40% (min $5K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• Northwest FCU - 3.36% (min $25K) account review
• Capital One/Costco - 3.30% (min $5K) account review
• OneWest Bank/IndyMac - 3.30% (min $5K) account review
• Discover Bank - 3.25% (min $2.5K) account review
• Capital One - 3.25% (min $5K) account review
• Connexus CU - 3.25% (min $1K) account review
• BankUnited - 3.25% (min $5K) account review
• Dime Savings Bank - 3.25% (min $500) account review
• US Bank - 3.25% (59 mo) (min $1K) account review
• State Bank of India - 3.24% (min $5K) account review
• Intervest - 3.22% (min $2.5K), account review
• Frontier Bank - 3.20% (min $50K) account review
• Agriculture FCU - 3.15% (min $1K), account review
• Nationwide Bank - 3.15% (min $500) account review
• University FCU - 3.12% (min $2.5K), account review
• Ally Bank - 3.10% (min $0) account review
• Alliant Credit Union - 3.10% (min $25K) account review
• USAA Bank - 3.10% (min $1K) (3.41% $175K min) account review
• Gateway Regional CU - 3.05% (min $1K) restrictions to membership, account review
• AIG Bank - 3.05% (min $2.5K) account review
• Patelco CU - 3.04% ($1K min), account review
• Delta Community CU - 3.00% (min $1K) account review
• Third Federal - 3.00% (min $500) 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
• E-LOAN - 3.00% ($10K min) account review
• Mountain America CU - 3.00% (min $1K) account review
• Credit Union of Georgia - 2.99% (min $50K), account review
• American Express Bank - 2.95% (min $0) account review
• Equity Bank - 2.85% (min $1K) account review
• iGobanking - 2.80% (min $500), account review
• Consumers CU - 2.80% (59-mo) (min $250) (3.05% $100K+) account review
• Colorado Federal Savings Bank - 2.80% ($5K min) account review
• Flagstar - 2.59% (min $500), 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 - 2.22% (min $40K) account review
• Goldwater Bank - 1.95% (min $50K) 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
• USAA Bank - 3.75% (min $1K) (4.06% $175K min) account review
• Apple FCU - 3.75% (min $50K) (4.00% 10yr) account review
• Pentagon Federal CU - 3.75% (min $1K), account review
• Bank of America DOW - 3.64% (10-yr) (min $1K) account review
• Discover Bank - 3.45% (min $2.5K) (3.70% 10yr) 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
• Intervest - 3.24% (min $2.5K), 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
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• Wyoming deals and CD rates

Bank Account Alternatives

• GE Interest Plus - 2.20% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.07% 7-day yield
• Paypal Money Market Fund - 0.05% 7-day yield (1% cashback debit MasterCard)
• Vanguard Prime Money Market Fund - 0.05% 7-day yield
• Fidelity Money Market Fund - 0.04% 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 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)