Bank Deals Weekly Summary for January 23, 2010

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

The financial news this week was dominated by the earning results of the big banks. Bank of America and Citigroup reported a large loss for the quarter, and Bank of America's loss was worse than what was expected. Wells Fargo and JPMorgan Chase reported better-than-expected profits. All of the banks are having to deal with heavy loan losses. As this Washington Post article described, "loan losses generally have stopped increasing but that relatively few customers are seeking new loans."

Another thing to note in these earnings reports is that many of these banks are continuing to see a growth in their deposits. Bank of America reported that "Average retail deposits during the quarter increased $89.9 billion, or 15 percent, from a year earlier." Wells Fargo had similar results: "Average checking and savings deposits of $661 billion, up 20 percent (annualized) from prior quarter." The one exception was JPMorgan Chase, and this was due to all those WaMu CDs that matured in the last quarter. Here's what Chase reported: "Average total deposits were $329.8 billion, down 3% from both the prior year and prior quarter due to the maturity of time deposits acquired in the Washington Mutual transaction."

So I'm afraid with a lack of loan growth combined with a growth in deposits, this doesn't bode well for deposit rates.

Another concern for depositors this year will be bank failures, and we're seeing more and more with each new Friday of 2010. There were 5 failures yesterday. Many readers are probably familiar with one of these five: Charter Bank of New Mexico. This was the bank that had offered one of the best nationwide reward checking accounts since 2007. We saw signs of trouble at Charter when they slashed rates a few months ago. The good news is that for all five bank failures, the FDIC was able to find buyers which agreed to assume all deposits (see post).

Savings Account Rates

One bit of good news this week was that there were fewer banks which cut their savings account rates. The only rate leader that made a big cut was FNCB Bank which slashed its ME Savings account rate from 1.75% to 1.25% APY.

Incredible Bank continues to hold on to 2.02% APY on its internet checking account. We should be able to learn next week if Alliant Credit Union plans to keep their savings account rate at 2% into February. Alliant's board of directors typically approves next month's rates near the middle to end of the month. Please leave a comment if you're able to get this news from an Alliant CSR.

Rate Hikes:

1. None

Rate Cuts:

1. FNCB Bank ME Savings - 1.25% (was 1.75%)
2. E-LOAN Savings Plus - 1.20% $5K (was 1.30%)
3. Union Federal Savings - 1.15% (was 1.20%)
4. VirtualBank eMoney Market - 0.55% under $10K (was 0.75%)

Certificate of Deposit Rates

Short-term CD rates continued to trend down this week. One disappointment was at Dollar Savings Direct which cut its 16-month CD rate. They don't show the 16-month CD rate on their external website, so I did my weekly call today. According to the CSR the rate fell on Friday from 2.25% to 1.65% APY. I've been told that Dollar Savings Direct customers can see the rate of this CD if they log into their accounts. Please let me know if this 1.65% APY is correct. I've occasionally been told of wrong rates from the CSRs in the past.

Another disappointment was at Franklin Synergy Bank which cut its 12-month internet CD rate from 2.15% to 2.10% APY. But this rate is still very competitive.

Although short-term CD rates trended down, this was not the case for long-term CD rates. A few banks and credit unions raised their long-term CD rates this week. Examples included 60-month CD rate hikes at Ally Bank, EverBank, Agriculture FCU and Mountain American CU. None of these rate hikes put these CDs near the 60-month leaders, but it's nice to see some rate hikes for a change.

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

Best Nationwide CD Deals as of 1/23/10: 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. 2.10% 12-mo CD at Franklin Synergy Bank (account review)
6. 2.10% 12-mo CD at Alliant CU (account review)
7. 2.23% 24-mo Add-On CD at Northwest FCU (account review)
8. 3.00% 36-mo CD at Pentagon FCU (account review)
9. 3.00% 45-mo CD at Reliabank Dokota (account review)
10. 3.25% 48-mo CD at Pentagon FCU (account review)
11. 3.15% 48-mo CD at Hudson City Savings Bank (account review)
12. 3.65% 60-mo CD at Melrose CU (account review)
13. 3.60% 60-mo CD at Apple FCU (account review)
14. 3.46% 60-mo CD ($100K min) at Northwest FCU (account review)
15. 3.50% 60-mo CD at Pentagon FCU (account review)
16. 3.40% 60-mo CD at Hudson City Savings Bank (account review)
17. 4.06% 84-mo CD (min $175K) at USAA Bank (account review)

Best Local CD Deals as of 1/23/10: 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. 2.52% Money Market Account at South Florida FCU (account review)
2. 2.50% Money Market Account (min $100K) at Georgia Primary Bank in Atlanta (account review)
3. 1.90% Savings Account (5% for 1st $1K) at OMNIBANK in TX (account review)
4. 2.22% 12-mo CD at Wings Financial CU in MN (account review)
5. 2.00% 6-mo CD at Vision Bank in Dallas (account review)
6. 2.00% 6-mo CD at United Financial Bank of Florida (account review)
7. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
8. 2.25% 12-mo & 2.10% 6-mo CD at Atlanta Postal CU in GA (account review)
9. 2.25% 12-mo & under CD at Cecil Bank in MD (account review)
10. 2.01% 15-mo CD at Aspire FCU in NY, NJ, NH & VA (account review)
11. 2.00% 15-mo CD at LA Financial Credit Union in CA & AZ (account review)
12. 2.30% 16-mo Jumbo CD at Teachers FCU in NY (account review)
13. 2.75% 18-mo CD & 4% 60-mo CD at Greylock FCU in MA (account review)
14. 2.40% 18-mo CD & 3.40% 44-mo CD at Crescent Bank & Trust in Louisiana (account review)
15. 4.06% 48-mo CD & 2.52% 24-mo CD at Founders FCU in SC/NC (account review)
16. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
17. 3.80% 60-mo & 3.29% 48-mo CD at PrimeWay FCU in Houston (account review)
18. 3.75% 60-mo & 3.45% 48-mo CD at Fidelity Bank of FL (account review)
19. 3.60% 60-mo Jumbo CD at CEFCU in CA & IL (account review)

Reward Checking Accounts

I reported on three new reward checking accounts this week with rates from 3.05% to 4.01% APY. There was an interesting NYT article this week that looked into new fees from banks as they try to make up for lower overdraft fees resulting from new regulations that take effect in July. One type of fees discussed was the interchange fees that retailers pay when you use your debit card. Reward checking was mentioned as one of the methods that banks are using to increase debit card usage. So hopefully, we'll continue to see more reward checking accounts. However, interchange fees may not be able to make up for the loss of overdraft fees. According to this BancVue marketing brochure, the average revenue from non-sufficient funds is almost three times debit card revenue.

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

• Five Bank Failures Including Charter Bank in New Mexico

CD Deals - National

• Competitive CD Rates at JustBANKit.com
• Wisdom of Long-Term CDs in Today's Rate Environment?
• Competitive CD and IRA Rates at Country Bank for Savings in MA - Available Nationwide

Savings/Checking Accounts - Nationwide

• Savings Accounts Being Added to Some Reward Checking Accounts

Checking/Savings Bonuses

• Rewarding Debit Card Use - M&I Bank's New Checking Account and Bonus
• $215 Checking Account Bonus is Back at HomeStreet Bank in WA, OR & HI - Local Only

Reward Checking Accounts

• 4.01% Reward Checking Account at 1st Commonwealth Bank of Virginia in Arlington - Local Only
• 3.05% Reward Checking Account at Community Bank and Trust in Wisconsin - Local Only
• 4.01% Reward Checking Account at Farmers Citizens Bank in Ohio - Local Only

CD and Money Market Deals - Local

• Hot IRA CD Special at Vantage West Credit Union in Arizona - Local Only
• Top Long-Term CD Rates at Fidelity Bank of Florida - Local Only
• SunTrust's Money Market Promo with 3-Month Rate Guarantee in Several States - Are Teaser Rates Worthwhile?
• Competitive 15-Month Share Certificate Special at Aspire FCU in NJ, NY, NH and VA
• Competitive Short- and Mid-Term CD Rates at Army Aviation Center FCU in AL and FL - 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 23, 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
• Alliant Credit Union - 2.00% (min $100), account review
• Redneck/AmericaNet/Evantage Bank - 2.00% (up to $35K, 1% over) 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
• 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
• Capital One/Costco - 1.60% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, account review
• Discover Bank - 1.60% Savings (min $500) account review
• Bank of Internet - 1.60% MMA (min $100) account review
• Newtown Savings Bank - 1.60%, account review
• Clear Sky Accounts - 1.60% account review
• Capital One - 1.55% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• Bank of Internet - 1.55% Advantage Savings (min $100) account review
• Savings Square - 1.55%, account review
• UFB Direct - 1.55%, account review
• CNB Bank Direct - 1.50% account review
• American Express Bank - 1.50%, 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
• Danversbank - 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
• 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
• Ally/GMAC Bank - 1.49% MMA account review
• Ally Bank - 1.49% Savings account review
• Salem Five Direct - 1.45% Savings, account review
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• WTDirect - 1.41% ($10K min), account review
• Bank of American Fork - 1.40% (min $1K) account review
• ADB Bank - 1.40% account review
• Delta Community CU - 1.40% MMA (min $25K) 1.65% $100K+, 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)
• HSBC Direct - 1.35% account review
• iGObanking - 1.31%, 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
• Bank Provident Online - 1.25% (min $10) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Zions Bank - 1.25% MMA, outside of Utah, (min $2.5K) account review
• State Farm Bank - 1.25% Checking (min $2.5K) account review
• ING Direct - 1.25%, (0.25% checking), post ($25 bonus)
• FNCB Bank - 1.25% (min $100) account review
• EmigrantDirect - 1.20%, account review
• Capital One - 1.20% MMA, account review
• E-LOAN - 1.20% Savings Plus (min $5K) other requirements, account review
• Intervest National Bank - 1.15% MMA (min $2.5K) account review
• OneWest Bank - 1.15% (min $1K) account review
• Bank of America NEA - 1.15% MMA ($500 min) (1.25% for $50K+) account review
• Union Federal Savings - 1.15% account review
• Heartland Bank Direct - 1.11% ($500 min), account review
• ShoreBank - 1.09%, account review
• Bank of Internet - 1.05% Checking (min $5K) account review
• Charles Schwab - 1.05% Savings, account review
• Citibank - 1.01% (Ultimate 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
• Discover Bank - 1.00% MMA (min $2.5K) (1.50% $10K-$100K) account review
• Amboy Direct - 1.00% (min $3K) (eSavings) account review
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• TotalBank - 1.00% (min $1K) account review
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Charles Schwab - 0.75% Checking, account review
• Flagstar - 0.61% MMA, account review
• Amegy Bank - 0.55% (min $1K) account review
• VirtualBank - 0.55% (min $100), (1.01% $25K+, 1.16% $50K+) post ($20 bonus)
• 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 - 1.76% (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
• Jacksonville Bank - 1.50% (min $1K) account review
• Connexus CU - 1.50% (min $500) account review
• UFB Direct - 1.45% (min $8K)
• State Bank of India - 1.41% (min $5K) account review
• TotalBank - 1.40% (min $1K) account review
• Ascencia Bank - 1.40% (min $500), account review
• La Jolla Bank - 1.35% (min $10K), account review
• Excel National Bank - 1.34% (min $10K) account review
• Ally Bank - 1.33% (min $0) account review
• Colorado Federal Savings Bank - 1.30% ($5K min) account review
• Century Bank Direct - 1.25% (5 mo) (min $1K) account review
• Wilshire State Bank - 1.25% (min $1K) account review
• MetLife Bank - 1.25% (min $25K) account review
• ING Direct - 1.15%, account review
• E-LOAN - 0.90% ($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
• Doral Bank Direct - 1.40% (min $1K) account review
• TotalBank - 1.40% (min $1K) account review
• Acacia Federal Savings Bank - 1.35% (min $500) account review
• MetLife Bank - 1.35% (min $25K) account review
• Ally Bank - 1.30% (min $0) No-Penalty, account review
• Ally Bank - 1.25% (min $0) account review
• E-LOAN - 1.00% ($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
• Alliant Credit Union - 2.10% (min $25K) account review
• Franklin Synergy Bank - 2.10% (min $1K) account review
• Melrose CU - 2.07% (min $5K) account review
• Self-Help CU - 2.07% (min $500) account review
• Golf Savings Bank - 2.00% (15-mo) (min $10K) account review
• Jacksonville Bank - 2.00% (min $1K) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• America's CU - 2.00% (13-mo) (min $500) account review
• Frontier Bank - 1.95% (min $500) account review
• Academy Bank - 1.90% (min $500) account review
• UFB Direct - 1.86% (min $8K)
• Choice Financial - 1.85% (13 mo) (min $5K) add-on feature, account review
• NewDominion Bank - 1.82% (min $3K) account review
• State Bank of India - 1.81% (min $5K) account review
• Delta Community CU - 1.80% (min $1K) account review
• Nationwide Bank - 1.80% (min $500) account review
• Ascencia Bank - 1.80% (min $500), account review
• 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
• Discover Bank - 1.75% (min $2.5K) account review
• Ally Bank - 1.74% (min $0) account review
• Pacific Mercantile Bank - 1.70% (min $10K) account review
• Century Bank Direct - 1.70% (15-mo) (min $1K) account review
• Acacia Federal Savings Bank - 1.70% (min $500) account review
• Colorado Federal Savings Bank - 1.70% ($5K min) account review
• Credit Union of Georgia - 1.66% (min $50K), account review
• OneWest Bank - 1.66% (min $5K) account review
• ISN Bank - 1.66% (min $1K) account review
• Tennessee Commerce Bank - 1.65% (min $5K) account review
• Northpointe Bank - 1.65% (min $5K) account review
• Bank of Internet - 1.65% (min $1K) account review
• MetLife Bank - 1.65% (min $25K) account review
• La Jolla Bank - 1.65% (min $10K), account review
• ING Direct - 1.60% (min $1) account review
• AIG Bank - 1.60% (min $2.5K) account review
• Northwest FCU - 1.58% (min $500) add-on, account review
• Equity Bank - 1.58% (min $1K) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• Geauga Savings 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
• Amboy Direct - 1.10% Add-On (min $10K) account review
• E-LOAN - 1.10% ($10K min) 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 - 2.17% 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
• Century Bank Direct - 1.90% (20 mo) (min $1K) account review
• Academy Bank - 1.90% (min $500) account review
• NewDominion Bank - 1.86% (min $3K) account review
• Northpointe Bank - 1.85% (min $5K) account review
• Discover Bank - 1.85% (min $2.5K), account review
• Equity Bank - 1.81% (min $1K) account review
• Colorado Federal Savings Bank - 1.75% ($5K min) account review
• Ally Bank - 1.74% (min $0) account review
• AIG Bank - 1.70% (min $2.5K) account review
• OneWest Bank - 1.65% (min $5K) account review
• MetLife Bank - 1.65% (min $25K) account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• DollarSavingsDirect - 1.65% (16-mo) (min $1K) verified by phone on 1/23 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
• Southeast Financial FCU - 2.25% (min $500) account review
• Gateway Regional CU - 2.25% (min $1K) restrictions to membership, account review
• TriState Capital Direct - 2.25% (min $95K) account review
• America's CU - 2.25% (25 mo) (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
• Golf Savings Bank - 2.20% (min $10K) account review
• Discover Bank - 2.20% (min $2.5K) account review
• Pacific Mercantile Bank - 2.17% IRA-only (min $7.5K) account review
• Northrop Grumman FCU - 2.17% (min $40K), account review
• USAA Bank - 2.15% (min $1K) (2.46% $175K min) account review
• Ally Bank - 2.15% (min $0) account review
• AIG Bank - 2.15% (min $2.5K) account review
• ISN Bank - 2.12% (min $1K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Northpointe Bank - 2.10% (min $5K) account review
• Main Street Bank - 2.10% (min $10K) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Equity Bank - 2.03% (min $1K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• OneWest Bank - 2.00% (min $5K) account review
• Tennessee Commerce Bank - 2.00% (min $5K) account review
• American Express Bank - 2.00% (min $0) account review
• Capital One - 2.00% (min $5K) account review
• EverBank - 2.00% ($1.5K min) account review
• Academy Bank - 1.90% (min $500) account review
• MetLife Bank - 1.90% (min $25K) 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
• Frontier Bank - 2.75% (min $50K) account review
• BankUnited - 2.75% (min $5K) account review
• Jacksonville Bank - 2.70% (min $1K) account review
• Acacia Federal Savings Bank - 2.65% (min $500) account review
• Alliant Credit Union - 2.60% (min $25K) account review
• Nationwide Bank - 2.60% (min $500) account review
• Northrop Grumman FCU - 2.60% (min $40K), account review
• State Bank of India - 2.57% (min $5K) account review
• NewDominion Bank - 2.56% (min $3K) account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• Agriculture FCU - 2.50% (min $1K) account review
• Southern Community Bank & Trust - 2.50% (min $500) account review
• Dime Savings Bank - 2.50% (min $500) account review
• Gateway Regional CU - 2.50% (min $1K) restrictions to membership, account review
• Discover Bank - 2.50% (min $2.5K) account review
• Ally Bank - 2.49% (min $0) account review
• AIG Bank - 2.45% (min $2.5K) account review
• iGobanking - 2.45% (min $500), account review
• Intervest - 2.45% (min $2.5K), account review
• Equity Bank - 2.34% (min $1K) account review
• Colorado Federal Savings Bank - 2.30% ($5K min) account review
• Tennessee Commerce Bank - 2.30% (min $5K) account review
• American Express Bank - 2.25% (min $0) account review
• Bank of Internet - 2.25% (min $1K) 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
• Acacia Federal Savings Bank - 3.00% (min $500) account review
• Capital One - 3.00% (min $5K) account review
• BankUnited - 3.00% (min $5K) 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
• Third Federal - 2.75% (min $500) account review
• USAA Bank - 2.75% (min $1K) (3.06% $175K min) account review
• Intervest - 2.75% (min $2.5K), account review
• Discover Bank - 2.75% (min $2.5K) 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 - 2.57% (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
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• Northwest FCU - 3.36% (min $25K) account review
• Agriculture FCU - 3.30% (min $1K), account review
• OneWest Bank - 3.30% (min $5K) account review
• Capital One/Costco - 3.30% (min $5K) account review
• Acacia Federal Savings Bank - 3.30% (min $500) account review
• Dime Savings Bank - 3.25% (min $500) account review
• BankUnited - 3.25% (min $5K) account review
• Connexus CU - 3.25% (min $1K) account review
• Capital One - 3.25% (min $5K) account review
• Discover Bank - 3.25% (min $2.5K) account review
• State Bank of India - 3.24% (min $5K) account review
• EverBank - 3.23% ($1.5K min) account review
• Intervest - 3.22% (min $2.5K), account review
• Mountain America CU - 3.20% (min $1K) account review
• Frontier Bank - 3.20% (min $50K) account review
• Ally Bank - 3.15% (min $0) account review
• Nationwide Bank - 3.15% (min $500) account review
• USAA Bank - 3.10% (min $1K) (3.41% $175K min) account review
• Alliant Credit Union - 3.10% (min $25K) account review
• US Bank - 3.10% (59 mo) (min $1K) 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
• E-LOAN - 3.00% ($10K min) account review
• Navy FCU - 3.00% ($20K min) (3.15% for $100K+) restrictions to membership, account review
• Third Federal - 3.00% (min $500) account review
• Delta Community CU - 3.00% (min $1K) account review
• Chase Bank - 3.00% (min $10K)
• Credit Union of Georgia - 2.99% (min $50K), account review
• American Express Bank - 2.95% (min $0) account review
• University FCU - 2.85% (min $2.5K), account review
• Equity Bank - 2.84% (min $1K) account review
• Colorado Federal Savings Bank - 2.80% ($5K min) account review
• Consumers CU - 2.80% (59-mo) (min $250) (3.05% $100K+) account review
• iGobanking - 2.80% (min $500), 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
• Pentagon Federal CU - 3.75% (min $1K), account review
• Apple FCU - 3.75% (min $50K) (4.00% 10yr) account review
• USAA Bank - 3.75% (min $1K) (4.06% $175K min) account review
• Bank of America DOW - 3.61% (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
• Capital One - 3.25% (min $5K) account review
• Third Federal - 3.25% (6-yr) (min $500) 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
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Bank Account Alternatives

• GE Interest Plus - 2.20% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.08% 7-day yield
• Paypal Money Market Fund - 0.05% 7-day yield (1% cashback debit MasterCard)
• Vanguard Prime Money Market Fund - 0.04% 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 - 0.00% 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)