Bank Deals Weekly Summary for January 31, 2010

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

There was another FOMC meeting last week, and as expected, the Fed continues to say they intend to keep the federal funds rate exceptionally low for an extended period. However, there was one voice of dissent at the FOMC. Thomas Hoenig, a new voting member this year, voted against this. Hoenig "believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted." With Bernanke's confirmation for another term, I wouldn't expect much change this year at the Federal Reserve. If the economy strengthens, perhaps we'll see a change of policy later this year. If there's any new economic weakness, it might be a long wait for us savers.

Savings Account Rates

Like the previous week, there were not a lot of banks cutting their savings account rates. Hopefully, we are at or near a bottom of this interest rate cycle.

There were a few disappointments this week. 1st Constitution Direct and Wilshire State Bank cut their savings account rates from 1.50% to 1.25% APY.

SmartyPig continues to pay 2.01% APY on their special savings account. One bit of interesting news came from the bank that holds SmartyPig deposits, WestBank. In their fourth quarter results, they announced their plans to transition SmartyPig deposits to a larger bank. This is due to SmartyPig attracting too many deposits (see post).

As one reader commented, let's hope a too-big-to-fail bank does not become SmartyPig's bank. Rates are set by the bank, not by SmartyPig, so it's important that the new bank will be committed to keeping SmartyPig's interest rates high. Another reader mentioned a potentially positive outcome from this transition. WestBank also offers a high-yield reward checking account. The reader speculated that WestBank may be more likely to keep their reward checking rates high since they won't have all of those SmartyPig deposits.

Rate Hikes:

1. None

Rate Cuts:

1. Countyank Reward Checking - 4.01% (was 4.75%)
2. Coulee Bank Reward Checking - 3.33% (was 4.04%)
3. 1st Constitution Direct Savings stnd rate - 1.25% $10K (was 1.50%)
4. Wilshire State Bank eLink Savings - 1.25% (was 1.50%)
5. TotalBank e-Savings - 0.85% (was 1.00%)

Certificate of Deposit Rates

Short-term CD rates continued to fall this week. It's getting harder and harder each week to find 12-month CD rates of 2% or higher. Franklin Synergy Bank cut is internet 12-month CD rate from 2.10% to 2.00% APY. Jacksonville Bank cut its 12-month CD rate from 2% to 1.75% APY.

With the new month starting on Monday, many credit unions, such as Pentagon Federal Credit Union, may be cutting their CD rates. So make sure you check their websites for the latest rates.

iGObanking's 3.55% 5-year CD

On the positive side, there were some rate hikes on long-term CDs. The biggest increase was at iGObanking.com (internet division of Flushing Savings Bank) which raised its 60-month CD rate from 2.80% to 3.55% APY. iGObanking's CD rates often change dramatically. This shows how important it is not to let your CDs automatically renew. Don't assume the new CD rate will be competitive. For example, iGObanking's 1-year CD rate is only 1.00%.

Is it wise to lock into a 5-year CD? That's a tough question. Many expect interest rates to rise sharply in the next two years. Interest rates will rise, but no one knows when. It could be 6 months or it could be 5 years. A long-term CD with a small early withdrawal penalty is one way to hedge your bets. If rates don't rise, you're rewarded with a rate much better than any short-term CD rate. If we do see rates increase dramatically, a small early withdrawal penalty will reduce the cost of breaking the CD so you can invest it in a better paying account.

iGOBanking's early withdrawal penalty for long-term CDs is 180 days of interest (see their disclosure). This is a typical early withdrawal penalty for long-term CDs. If rates shoot up a year from now and you break the 3.55% CD, you'll lose half of your accrued interest. So instead of earning 3.55% for the year, your return will be around 1.77% which is quite comparable with many current 12-month CD rates.

Ally Bank's Very Small Early Withdrawal Penalty

I learned about Ally Bank's new early withdrawal penalty this week. For long-term CDs, it's the smallest penalty that I've seen at any bank or credit union. It's only 60 days of interest for any term. So if you get Ally's 3.15% 60-month CD, and you break it after 1 year, your return for the year would be around 2.63% which is much higher than any 12-month CD rate available nationwide.

This early withdrawal penalty seems too good to be true. I reviewed some potential gotchas in my Ally CD review. Readers noted one other potential gotcha. There's a possibility that Ally Bank could increase the early withdrawal penalty during the term of the CD. It would seem to me that the terms that you agree to when you buy a CD should remain in effect until the CD matures or if the bank fails. I do not know if Ally bank is contractually obligated to honor the early withdrawal penalty listed in the terms when you buy the CD. The OCC suggests that banks should abide by the CD account agreement. Perhaps we should save those Ally ads about underhanded and sneaky bankers. Increasing the early withdrawal penalty during the CD term would even be worse than not letting that TV girl ride her bike outside the 6-foot box.

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

Best Nationwide CD Deals as of 1/31/10: 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 Alliant CU (account review)
6. 2.17% 24-mo Add-On CD at Northwest FCU (account review)
7. 2.50% 30-mo CD at Astoria Federal Savings (account review)
8. 3.00% 36-mo CD at Pentagon FCU (may change in Feb) (account review)
9. 3.25% 48-mo CD at Pentagon FCU (may change in Feb) (account review)
10. 3.15% 48-mo CD at Hudson City Savings Bank (account review)
11. 3.65% 60-mo CD at Melrose CU (account review)
12. 3.60% 60-mo CD at Apple FCU (account review)
13. 3.55% 60-mo CD at iGObanking (account review)
14. 3.50% 60-mo CD at Pentagon FCU (may change in Feb) (account review)
15. 3.40% 60-mo CD at Hudson City Savings Bank (account review)
16. 3.15% 60-mo Small-Penalty CD at Ally Bank (account review)
17. 4.06% 84-mo CD (min $175K) at USAA Bank (account review)

Best Local CD Deals as of 1/31/10: 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 & under CD at Cecil Bank in MD (account review)
9. 2.22% 12-mo CD at Cornerstone Bank & Trust in IL (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. 2.35% 17-mo CD at Community Bank of Broward in FL (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)
20. 3.56% 72-mo CD at Broadway Federal Bank in Los Angeles (account review)

Reward Checking Accounts

I reported on two new reward checking accounts last week with yields of 3.04% and 4.02%. There were several disappointments this week. Royal Banks of Missouri had been offering the best nationwide reward checking yield of 4.30%. It's no longer a nationwide deal. The bank now only accepts applications from residents of Missouri. At least existing customers will continue to receive 4.30% APY. However, they're going to have to work a little harder. The account will soon require 15 debit card purchases a month rather than 10 (see post).

Another dissapointment was at Coulee Bank which announced they're cutting the reward checking yield from 4.04% to 3.33%. At least this continues to be available nationwide. Countybank not only cut its rate, but now the account appears to only be available for South Carolina residents. It had recently been available to much of the Southeast. When I first reported on this reward checking account in May 2009, it was nationally available.

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

• Six Banks Failed Today - Yearly Total Is Now 15
• Fed Still Saying Exceptionally Low Rates for Extended Period
• More on DepositAccounts Notices
• Resources to Help You Support Your Local Credit Unions

CD Deals - National

• Astoria Federal Savings' Competitive 30-Month CD - Available Nationwide
• Ally Bank's New 2-Year Bump-Up CD - How It Compares to Other Flex CDs?
• Huge Change to Ally Bank CDs Will Benefit Savers

Savings/Checking Accounts - Nationwide

• SmartyPig Is Outgrowing Its Bank
• Update on Wells Fargo's New Way2Save Program

Checking/Savings Bonuses

• $150 Checking Account Bonus w/DD at PNC Bank in Summit, New Jersey - Local Only
• $75 Savings & Checking Account Bonus at Metropolitan Bank Group in Chicago - Local Only

Reward Checking Accounts

• Another Top Nationwide Reward Checking Account Restricts Availability
• Unique High-Yield Reward Checking Account at Village Bank in Virginia - Local Only
• 4.02% Reward Checking Account at Suburban Bank & Trust in Chicago - Local Only

CD and Money Market Deals - Local

• Special 13-Month CD at First Community Bank of America in SW Florida - Local Only
• Competitive CDs and Money Market Account at American Plus Bank in CA - Local Only
• Competitive Mid-Term CDs at Village Bank in Virginia - Local Only
• Competitive CD Rates at United Community Bank in Southeast Indiana - Local Only
• Looking for the Best CD Rates - How I Found a Deal at Broadway Federal Bank in SoCal
• Competitive CD Rates at BankGloucester in MA - Local Only
• Competitive Checking Account and CD Special at East River Bank in Philadelphia - Local Only
• 17-Month CD Special at Community Bank of Broward in Florida - Local Only
• Competitive 15-Month IRA CD at United Heritage Credit Union in Texas - Local Only
• Promotional 18-Month & 30-Month CDs at Alma Bank in New York - Local Only
• Competitive CD Rates Continue at Atlas Savings and Loan Association in New York City - Local Only
• Competitive Long-Term CD Special at Patriot Bank in Texas - Local Only
• Hot One-Year CD Special at Cornerstone Bank & Trust in Illinois - Local Only
• Competitive 5-Year CD Rate at Advantage FCU in Rochester, NY - Local Only
• Competitive 18-Month CD Special at Northern Bank & Trust Company in MA - 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 31, 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
• 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 (1.25% $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
• 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
• AIG Bank - 1.30% MMA (min $10K) account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• FNCB Bank - 1.25% (min $100) 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
• Wilshire State Bank - 1.25%, chk required (min $500) account review
• E-LOAN - 1.20% Savings Plus (min $5K) other requirements, account review
• Capital One - 1.20% MMA, account review
• EmigrantDirect - 1.20%, account review
• Union Federal Savings - 1.15% 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
• 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
• TotalBank - 0.85% (min $500) account review
• Charles Schwab - 0.75% Checking, account review
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Flagstar - 0.61% MMA, account review
• VirtualBank - 0.55% (min $100), (1.01% $25K+, 1.16% $50K+) post ($20 bonus)
• 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
• UFB Direct - 1.20% (min $8K)
• Southeast Financial FCU - 1.10% (min $500) account review
• TotalBank - 1.10% (min $1K) account review
• MetLife Bank - 1.05% (min $25K) account review
• Ally Bank - 0.95% (min $0) account review
• H&R Block Bank - 0.75% (min $5K) account review
• Wilshire State Bank - 0.65% (min $1K) 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
• Connexus CU - 1.50% (min $500) account review
• Jacksonville Bank - 1.50% (min $1K) account review
• UFB Direct - 1.45% (min $8K)
• Ascencia Bank - 1.36% (min $500), account review
• State Bank of India - 1.36% (min $5K) account review
• La Jolla Bank - 1.35% (min $10K), account review
• Excel National Bank - 1.33% (min $10K) account review
• Colorado Federal Savings Bank - 1.30% ($5K min) account review
• Ally Bank - 1.30% (min $0) account review
• Century Bank Direct - 1.25% (5 mo) (min $1K) account review
• ING Direct - 1.15%, account review
• MetLife Bank - 1.15% (min $25K) account review
• Wilshire State Bank - 1.00% (min $1K) account review
• E-LOAN - 0.85% ($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
• Doral Bank Direct - 1.40% (min $1K) account review
• Acacia Federal Savings Bank - 1.35% (min $500) account review
• NewDominion Bank - 1.31% (min $3K) account review
• MetLife Bank - 1.25% (min $25K) account review
• Ally Bank - 1.24% (min $0) No-Penalty, account review
• Ally Bank - 1.20% (min $0) account review
• E-LOAN - 0.85% ($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
• Self-Help CU - 2.07% (min $500) account review
• Melrose CU - 2.07% (min $5K) account review
• America's CU - 2.00% (13-mo) (min $500) account review
• Southeast Financial FCU - 2.00% (min $500) account review
• Golf Savings Bank - 2.00% (15-mo) (min $10K) account review
• Franklin Synergy Bank - 2.00% (min $1K) 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
• Delta Community CU - 1.80% (min $1K) account review
• USAA Bank - 1.79% (15-mo) (min $1K) (2.10% $175K min) account review
• State Bank of India - 1.76% (min $5K) account review
• Discover Bank - 1.75% (min $2.5K) account review
• BankUnited - 1.75% (min $5K) account review
• Connexus CU - 1.75% (min $500) account review
• Consumers CU - 1.75% (15-mo) (min $250) (2.00% $100K+) account review
• Jacksonville Bank - 1.75% (min $1K) account review
• NewDominion Bank - 1.72% (min $3K) account review
• Ascencia Bank - 1.71% (min $500), account review
• Colorado Federal Savings Bank - 1.70% ($5K min) account review
• Acacia Federal Savings Bank - 1.70% (min $500) account review
• Century Bank Direct - 1.70% (15-mo) (min $1K) account review
• Nationwide Bank - 1.70% (min $500) account review
• Ally Bank - 1.69% (min $0) account review
• ISN Bank - 1.66% (min $1K) account review
• OneWest Bank - 1.66% (min $5K) account review
• La Jolla Bank - 1.65% (min $10K), account review
• Bank of Internet - 1.65% (min $1K) account review
• Tennessee Commerce Bank - 1.65% (min $5K) account review
• AIG Bank - 1.60% (min $2.5K) account review
• ING Direct - 1.60% (min $1) account review
• Northpointe Bank - 1.60% (min $5K) account review
• Pacific Mercantile Bank - 1.60% (min $10K) account review
• Equity Bank - 1.57% (min $1K) account review
• Credit Union of Georgia - 1.56% (min $50K), account review
• Northwest FCU - 1.52% (min $500) add-on, account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• Wilshire State Bank - 1.40% (min $10K), liquid features, account review
• Fifth Third - 1.35% (13-mo) (min $5K) not all states, account review
• MetLife Bank - 1.35% (min $25K) account review
• HSBC Direct - 1.25% (min $10) account review
• Amboy Direct - 1.10% Add-On (min $10K) account review
• iGobanking - 1.00% (min $500), account review
• E-LOAN - 1.00% ($10K min) account review

18-Month Certificates of Deposit:

• Citibank - 4.07% (min $200) (max $25K) requires secured credit card, account review
• Southeast Financial FCU - 2.11% (min $500) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Pacific Mercantile Bank - 2.07% IRA-only (min $7.5K) account review
• Academy Bank - 1.90% (min $500) account review
• Century Bank Direct - 1.90% (20 mo) (min $1K) account review
• Nationwide Bank - 1.90% (min $500) account review
• Discover Bank - 1.85% (min $2.5K), account review
• NewDominion Bank - 1.81% (min $3K) account review
• Equity Bank - 1.80% (min $1K) account review
• Northpointe Bank - 1.80% (min $5K) 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
• DollarSavingsDirect - 1.65% (16-mo) (min $1K) verified by phone on 1/30 account review
• Navy FCU - 1.65% ($10K min) restrictions to membership, account review
• OneWest Bank - 1.65% (min $5K) account review
• Flagstar - 1.40% (min $500), account review
• MetLife Bank - 1.40% (min $25K) 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
• 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
• 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
• Discover Bank - 2.20% (min $2.5K) account review
• Golf Savings Bank - 2.20% (min $10K) account review
• Jacksonville Bank - 2.20% (min $1K) account review
• State Bank of India - 2.17% (min $5K) account review
• Northwest FCU - 2.17% (min $500) add-on, account review
• NewDominion Bank - 2.16% (min $3K) account review
• AIG Bank - 2.15% (min $2.5K) account review
• USAA Bank - 2.15% (min $1K) (2.46% $175K min) account review
• Northrop Grumman FCU - 2.13% (min $40K), 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
• Ally Bank - 2.10% (min $0) Bump-Up, account review
• Pacific Mercantile Bank - 2.07% IRA-only (min $7.5K) account review
• Tennessee Commerce Bank - 2.05% (min $5K) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• Equity Bank - 2.02% (min $1K) account review
• EverBank - 2.00% ($1.5K min) account review
• Capital One - 2.00% (min $5K) account review
• American Express Bank - 2.00% (min $0) account review
• OneWest Bank - 2.00% (min $5K) account review
• MetLife Bank - 1.90% (min $25K) account review
• Academy Bank - 1.90% (min $500) account review
• Consumers CU - 1.80% (min $250) (2.05% $100K+) account review
• Fifth Third - 1.75% (min $5K) not all states, account review
• iGobanking - 1.50% (min $500), account review
• E-LOAN - 1.50% ($10K min) account review
• Bank of America DOW - 1.21% (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
• Acacia Federal Savings Bank - 2.65% (min $500) account review
• iGobanking - 2.60% (min $500), account review
• Nationwide Bank - 2.60% (min $500) account review
• Alliant Credit Union - 2.60% (min $25K) account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• Northrop Grumman FCU - 2.54% (min $40K), account review
• State Bank of India - 2.52% (min $5K) account review
• NewDominion Bank - 2.51% (min $3K) account review
• Discover Bank - 2.50% (min $2.5K) account review
• Gateway Regional CU - 2.50% (min $1K) restrictions to membership, account review
• Southern Community Bank & Trust - 2.50% (min $500) account review
• Agriculture FCU - 2.50% (min $1K) account review
• Jacksonville Bank - 2.50% (min $1K) account review
• Ally Bank - 2.49% (min $0) account review
• Intervest - 2.45% (min $2.5K), account review
• AIG Bank - 2.45% (min $2.5K) account review
• Tennessee Commerce Bank - 2.35% (min $5K) account review
• Equity Bank - 2.33% (min $1K) 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
• Dime Savings Bank - 2.25% (min $500) account review
• H&R Block Bank - 2.00% (min $250) account review
• Flagstar - 1.95% (min $500), account review
• Goldwater Bank - 1.85% (min $50K) 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 - 2.56% (min $1K) account review
• American Express Bank - 2.50% (min $0) account review
• Flagstar - 2.35% (min $500), account review
• FNBO Direct - 2.25% (min $500) account review

60-Month Certificate of Deposit:

• Melrose CU - 3.65% (min $5K) account review
• Apple FCU - 3.60% (min $50K) account review
• iGobanking - 3.55% (min $500), 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
• EverBank - 3.37% ($1.5K min) account review
• Acacia Federal Savings Bank - 3.30% (min $500) account review
• Capital One/Costco - 3.30% (min $5K) account review
• OneWest Bank - 3.30% (min $5K) account review
• Agriculture FCU - 3.30% (min $1K), account review
• Northwest FCU - 3.30% (min $25K) 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
• Intervest - 3.22% (min $2.5K), account review
• Frontier Bank - 3.20% (min $50K) account review
• Mountain America CU - 3.20% (min $1K) account review
• State Bank of India - 3.19% (min $5K) account review
• USAA Bank - 3.15% (min $1K) (3.46% $175K min) account review
• Nationwide Bank - 3.15% (min $500) account review
• Ally Bank - 3.15% (min $0) account review
• US Bank - 3.10% (59 mo) (min $1K) account review
• Alliant Credit Union - 3.10% (min $25K) 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
• Chase Bank - 3.00% (min $10K)
• Delta Community CU - 3.00% (min $1K) account review
• Third Federal - 3.00% (min $500) account review
• Navy FCU - 3.00% ($20K min) (3.15% for $100K+) restrictions to membership, account review
• American Express Bank - 2.95% (min $0) account review
• Credit Union of Georgia - 2.89% (min $50K), account review
• University FCU - 2.85% (min $2.5K), account review
• Equity Bank - 2.83% (min $1K) 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 - 2.60% (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
• E-LOAN - 2.50% ($10K min) account review
• Western FCU - 2.23% (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 - 3.61% (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
• 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
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Bank Account Alternatives

• GE Interest Plus - 2.05% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.10% 7-day yield
• Paypal Money Market Fund - 0.04% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 0.04% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.03% 7-day yield
• 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)