Bank Deals Weekly Summary for January 9, 2010

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

Will we see rising interest rates in 2010? As described in this Bloomberg article, there are expectations from economists that we'll see a slow rise in the second half of this year:

Economists expect the U.S. central bank to raise the benchmark federal funds rate from close to zero in the third quarter of this year, according to the median estimate in a Bloomberg News survey of economists in the first week of December.

Economists in the survey see the target overnight interbank rate rising a quarter-point to 0.50 percent in the first increase and more than doubling to 1.25 percent by the first quarter of 2011.

The main topic of this article is the warning that federal regulators are giving to banks to guard against the risk of rising rates. Unlike us savers, the banks are greatly benefiting from this current rate environment. If rates rise quickly, many banks could find themselves in trouble. I would think this could be the kind of environment in which banks may make it difficult for CD holders to do early withdrawals. Some banks have small print in their CD disclosures which give them the right to refuse an early withdrawal regardless of the early withdrawal penalty. I reviewed this issue of CD early withdrawal refusal in 2008.

Another worry for CD holders is when banks are shut down by regulators. Yesterday we had our first bank failure of 2010. There was also a credit union closure (see post). The main problem depositors experienced last year when their banks were shut down was losing their high CD rates. Most banks that acquired the failed banks decided to reset the existing CD rates to low levels consistent with the current rate environment. On the plus side, very few depositors lost any uninsured money last year in the 140 bank failures. For the vast majority of the closures, the FDIC found buyers to assume all deposits, even those above the FDIC limit. Last Sunday I reviewed these issues in my review of the 2009 bank failures.

For 2010 there may be less concern with losing a CD rate when a bank fails if interest rates start to rise. When acquiring banks decide to reset existing CD rates, it must allow a penalty-free early withdrawal. On the other hand, we may see more bank failures in which the FDIC can't find buyers. In those cases, the FDIC will just pay out the insured deposits. So those with deposits over the FDIC limit will lose money.

Savings Account Rates

Just as we ended 2009, rates continued to trend down for the start of 2010. This week we saw rate cuts at ING Direct, EverBank and Ally Bank.

One the plus side, Flagstar Bank reversed its major rate cut that we saw in middle December. I was about to give up on Flagstar last month when it cut its money market rate from 1.09% to 0.50%. In addition to raising the rate, they added a new rate tier. The new rates are 1.06% APY for balances up to $100K and 1.25% APY for over $100K. The money market rates are still low, but there is one interesting thing to note. Look how close these rates are to the FDIC rate caps. Flagstar's CD rates also closely match the FDIC rate caps.

We start 2010 with four institutions offering non-promo 2% liquid accounts: Incredible Bank, Alliant Credit Union, SmartyPig and Redneck Bank along with its two sister banks. SmartyPig's savings account has some requirements and restrictions that may make it less appealing to some (see review). Redneck savings account limits the 2% to the first $35K (see review). That leaves Incredible Bank's checking account and Alliant's savings account. Incredible Bank has been offering 2.02% APY on its new internet checking account since November (see review). Readers have reported being happy with Incredible Bank's customer service, and one reader commented on being impressed with the speed of the ACH transfer service. However, there are signs that they're attracting a lot of new customers and deposits. So I don't have much hope they'll be able keep rates as high as the other three over the long term.

Rate Hikes:

1. Flagstar Direct MMA - 1.06% (was 0.50%)

Rate Drops:

1. EverBank 3mo MMA/Chk promo - 2.25% (was 2.51%)
2. City National Bank reward checking - 2.05% (was 2.65%)
3. UFB Direct Savings - 1.55% (was 1.60%)
4. Ally Bank Savings/MMA - 1.49% (was 1.50%)
5. ING Direct Checking - 1.45% $100K+ (was 1.55%)
6. AIG Bank MMA - 1.31% (was 1.36%)
7. ELOAN Savings Plus - 1.30% (was 1.35%)
8. EverBank MMA ongoing - 1.26% (was 1.51%)
9. ING Direct Savings - 1.25% (was 1.30%)
10. Union Federal Savings MMA - 1.20% (was 1.25%)
11. Bank of America NEA MMA - 1.15% (was 1.20%)
12. Heartland Bank Direct Savings - 1.11% (was 1.31%)

Certificate of Deposit Rates

Like savings account rates, CD rates trended down in this first week of 2010. Some of the banks to cut rates included Discover Bank, Ally Bank and Total Bank.

For those looking for IRA CDs, it's common for banks and credit unions to offer IRA specials during the start of the new year. Apple FCU is one example with its 3.00% APY 14-month IRA certificate (see review).

The best nationwide deal for a regular 12-month CD continues to be at Franklin Synergy Bank with a 2.15% APY 12-month CD (see review). One reader who opened this CD commented that the application process was very simple and quick.

Dollar Savings Direct continues to offer 2.25% APY on its 16-month CD.

I received an update from my PenFed contact about what happened to the January CD rates. The rates were 25 basis points under what many of us had been told. Here is what my PenFed contact said about this change:

It is very rare for the Board of Directors to make a change in the rates after we project them, but in this case; other factors in the market forced us to lower our projected rates slightly.

Nevertheless, PenFed's January CD rates for terms of 3 years and longer are competitive. Unfortunately, they're not the hot rates that we've seen in previous years.

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

Best Nationwide CD Deals as of 1/09/10: 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. 1.50% money market with rate guaranteed to Apr 2010 at Bank of America (account review)
3. 1.77% 10-mo CD at EBSB Direct (account review)
4. 2.22% 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. 2.32% 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. 3.53% 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 1/09/10: 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. 2.00% 9-mo CD & 2.18% 18-mo CD at United Orient Bank in NYC (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. 2.00% 15-mo CD at LA Financial Credit Union in CA & AZ (account review)
11. 2.30% 16-mo Jumbo CD at Teachers FCU in NY (account review)
12. 2.75% 18-mo CD & 4% 60-mo CD at Greylock FCU in MA (account review)
13. 2.40% 18-mo CD & 3.15% 36-mo CD at Crescent Bank & Trust in Louisiana (account review)
14. 4.06% 48-mo CD & 2.52% 24-mo CD at Founders FCU in SC/NC (account review)
15. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
16. 3.80% 60-mo & 3.29% 48-mo CD at PrimeWay FCU in Houston (account review)
17. 3.60% 60-mo Jumbo CD at CEFCU in CA & IL (account review)
18. 3.50% 60-mo CD at First Priority CU in MA (account review)

Reward Checking Accounts

I reported on four new reward checking accounts this week with rates from 3% to 5.51% APY. All are local deals. The reward checking with the 5.51% APY is one of the highest in the nation. Unfortunately, the bank is in Kansas, and it's not near many people. Coincidentally, the highest rate for a reward checking account continues to be in Kansas at Golden Plains Credit Union. It's still at 6.01% APY for balances up to $25K.

The balance cap and the limited availability can help banks maintain high rates. That probably explains why we saw another major rate cut at City National Bank which has one of the few nationwide reward checking accounts with no balance cap. The rate fell this week from 2.65% to 2.05% APY. Just three months ago the rate fell from 3.28% to 2.65% APY (see review).

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

• Review of the First Bank Failure of 2010 - Horizon Bank in Washington State
• Velocity CU Members Approve Conversion to Private Insurance - Future of ASI?
• How Visa and the Banks Have Profited from Signature-Based Debit Cards
• Review of the 2009 Bank Failures and What Depositors Experienced
• Recent News on Banks Under Regulatory Scrutiny

CD Deals - National

• 3.00% 14-Month IRA CD at Apple Federal Credit Union - Available Nationwide
• Wilshire State Bank's Competitive Flex CD - Available Nationwide
• Update on PenFed CDs and CD Rollovers

Checking/Savings Bonuses

• $150 Checking Account Bonus at BBVA Compass (available in AL, AZ, CO, FL, NM & TX)
• $150 Checking Bonus at Commonwealth Bank and Trust Company for KY, IN & OH Residents
• Insights into Banks' Checking Account Bonuses

Reward Checking Accounts

• 4.01% Reward Checking Account at The First National Bank of Dieterich in IL - Local Only
• 3.00% Reward Checking Account at Harborstone Credit Union in WA
• 4.01% Reward Checking Account at Inland Northwest Bank in WA & ID - Local Only
• 5.51% Reward Checking Account at The Farmers State Bank in Kansas - Local Only

CD and Money Market Deals - Local

• 2.10% 6-Month CD and other Competitive CD Rates at Atlanta Postal Credit Union - Local Only
• 2.40% 18-Month CD & 3.40% 44-Month CD at Crescent Bank & Trust in Louisiana - Local Only
• 2.00% 12-Month CD at RTN Federal Credit Union in MA
• 2.00% 15-Month CD at LA Financial Credit Union in CA & AZ - Local Only
• 1.90% 9-Month CD & 1.65% 5-Month CD at EDS Credit Union in Several States - Local Only
• 2.00% 16-Month Internet CD at Hyde Park Savings Bank in MA - Local Only
• 2.50% 30-Month CD at SchoolsFirst FCU in California - Local Only
• 2.25% 19-Month CD & 2% 9-Month CD Continues at Service Credit Union - Limited Membership
• 2.55% 25-Month CD at University of Iowa Community CU - Local Only
• 2.00% 17-Month CD & 2.25% 24-Month CD at MidFirst Bank in AZ & OK - Local Only
• 2.10% 14-Month CD at Intracoastal Bank in Florida - 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 9, 2009

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, guaranteed to 1/31/10, account review
• Alliant Credit Union - 1.75% Checking, required direct deposit, account review
• FNCB Bank - 1.75% (min $100) account review
• Wings Financial CU - 1.71% MMA ($5K min) Limited Membership, account review
• ShoreBank - 1.70%, account review
• CNB Bank Direct - 1.70% 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 - 1.65% 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
• Capital One - 1.60% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• Clear Sky Accounts - 1.60% account review
• Bank of Internet - 1.55% Advantage Savings (min $100) account review
• Salem Five Direct - 1.55% Savings, account review
• Savings Square - 1.55%, account review
• UFB Direct - 1.55%, 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
• Bank of American Fork - 1.50% (min $1K) account review
• Danversbank - 1.50% account review
• ADB Bank - 1.50% account review
• Wilshire State Bank - 1.50%, chk required (min $500) account review
• ProvidentNJ Direct - 1.50% (min $10K) account review
• Bank of America - 1.50% MMA ($10K min), guaranteed to 4/2010, account review
• 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
• United Central Bank - 1.45% MMA (min $5K) (1.65% $75K-$300K) account review
• WTDirect - 1.41% ($10K min), 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
• Bank Provident Online - 1.35% (min $10) account review
• iGObanking - 1.31%, account review
• AIG Bank - 1.31% MMA (min $10K) account review
• E-LOAN - 1.30% Savings Plus (min $5K) other requirements, account review
• Choice Financial - 1.26% (min $5K), (1.51% $25K+, 1.76% $100K) account review
• Presidential Bank - 1.25% (min $5K, 0.75% over $35K), account review
• UnivestDirect - 1.25%, (0.25% checking), account review
• Intervest National Bank - 1.25% MMA (min $2.5K) 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)
• EmigrantDirect - 1.20%, account review
• Capital One - 1.20% MMA, account review
• Union Federal Savings - 1.20% account review
• OneWest Bank - 1.15% (min $1K) account review
• Bank of America NEA - 1.15% MMA ($500 min) (1.30% for $50K+) account review
• Heartland Bank Direct - 1.11% ($500 min), account review
• Discover Bank - 1.10% MMA (min $2.5K) (1.50% $10K-$100K) account review
• Flagstar - 1.06% MMA, 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
• Amboy Direct - 1.00% (min $3K) (eSavings) account review ($50 bonus)
• Presidential Bank - 1.00% Checking (min $1K, 0.50% over $25K), requires direct deposit, account review
• TotalBank - 1.00% (min $1K) account review
• VirtualBank - 0.75% (min $100), (1.26% $25K+, 1.41% $50K+) post ($20 bonus)
• Salem Five Direct - 0.75% Checking (0.85% $100K+), account review
• Charles Schwab - 0.75% Checking, account review
• Amegy Bank - 0.55% (min $1K) account review
• ETrade Bank - 0.50%, account review
• iGObanking - 0.50% Checking, account review
• Seacoast Commerce Bank - 0.50% (min $25K) account review

3-Month Certificates of Deposit:

• Wings Financial CU - 1.76% (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 - 1.00% (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
• State Bank of India - 1.51% (min $5K) account review
• Ascencia Bank - 1.51% (min $500), account review
• Jacksonville Bank - 1.50% (min $1K) account review
• La Jolla Bank - 1.50% (min $10K), account review
• Connexus CU - 1.50% (min $500) account review
• Colorado Federal Savings Bank - 1.50% ($5K min) account review
• UFB Direct - 1.45% (min $8K)
• Ally Bank - 1.40% (min $0) account review
• TotalBank - 1.40% (min $1K) account review
• Excel National Bank - 1.36% (min $10K) account review
• Century Bank Direct - 1.25% (5 mo) (min $1K) account review
• Consumers CU - 1.25% (7-mo) (min $250) (1.50% $100K+) account review
• Wilshire State Bank - 1.25% (min $1K) account review
• ING Direct - 1.25% account review
• MetLife Bank - 1.25% (min $25K) account review
• 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
• NewDominion Bank - 1.50% (min $3K) account review
• OneWest Bank - 1.45% (min $5K) 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 - 1.24% (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 - 0.45% (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
• Golf Savings Bank - 2.11% (15-mo) (min $10K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Melrose CU - 2.07% (min $5K) account review
• Self-Help CU - 2.07% (min $500) account review
• Choice Financial - 2.05% (13 mo) (min $5K) add-on feature, 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
• Colorado Federal Savings Bank - 2.00% ($5K min) account review
• Christian Community CU - 2.00% (min $1K) not NCUA insured (ASI only) account review
• Frontier Bank - 1.95% (min $500) account review
• NewDominion Bank - 1.92% (min $3K) account review
• State Bank of India - 1.91% (min $5K) account review
• Ascencia Bank - 1.91% (min $500), account review
• Academy Bank - 1.90% (min $500) account review
• UFB Direct - 1.86% (min $8K)
• Pacific Mercantile Bank - 1.81% (min $10K) account review
• Delta Community CU - 1.80% (min $1K) account review
• La Jolla Bank - 1.80% (min $10K), account review
• Nationwide Bank - 1.80% (min $500) account review
• Ally Bank - 1.80% (min $0) account review
• USAA Bank - 1.79% (15-mo) (min $1K) (2.10% $175K min) account review
• ING Direct - 1.75% (min $1) 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
• Credit Union of Georgia - 1.71% (min $50K), account review
• Century Bank Direct - 1.70% (15-mo) (min $1K) account review
• Acacia Federal Savings Bank - 1.70% (min $500) account review
• ISN Bank - 1.68% (min $1K) account review
• OneWest Bank/IndyMac - 1.66% (min $5K) liquid CD, 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
• AIG Bank - 1.65% (min $2.5K) account review
• Equity Bank - 1.61% (min $1K) account review
• OneWest Bank - 1.55% (min $5K) account review
• Wilshire State Bank - 1.50% (min $1K) account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• Fifth Third - 1.50% (13-mo) (min $5K) not all states, account review
• Tennessee Commerce Bank - 1.50% (min $5K) account review
• Northwest FCU - 1.50% (min $500) add-on, account review
• TotalBank - 1.40% (min $1K) 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
• Pacific Mercantile Bank - 2.48% IRA-only (min $7.5K) account review
• DollarSavingsDirect - 2.25% (16-mo) (min $1K) verified by phone on 1/09 account review
• Southeast Financial FCU - 2.11% (min $500) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Colorado Federal Savings Bank - 2.05% ($5K min) account review
• Christian Community CU - 2.00% (min $1K) not NCUA insured (ASI only) account review
• Nationwide Bank - 1.97% (min $500) account review
• NewDominion Bank - 1.96% (min $3K) account review
• Century Bank Direct - 1.90% (20 mo) (min $1K) account review
• Academy Bank - 1.90% (min $500) account review
• Northpointe Bank - 1.85% (min $5K) account review
• Discover Bank - 1.85% (min $2.5K), account review
• Equity Bank - 1.83% (min $1K) account review
• AIG Bank - 1.75% (min $2.5K) account review
• Ally Bank - 1.74% (min $0) account review
• Flagstar - 1.70% (min $500), 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

24-Month Certificates of Deposit:

• Wings Financial CU - 2.63% (min $500) Limited Membership, account review
• Pacific Mercantile Bank - 2.48% IRA-only (min $7.5K) account review
• Frontier Bank - 2.45% (min $50K) account review
• Jacksonville Bank - 2.40% (min $1K) account review
• Northrop Grumman FCU - 2.34% (min $40K), account review
• Self-Help CU - 2.33% (min $500) account review
• Melrose CU - 2.32% (min $5K) account review
• Northwest FCU - 2.32% (min $500) add-on, account review
• Hudson City Bank - 2.30% (min $5K) account review
• Golf Savings Bank - 2.30% (min $10K) account review
• State Bank of India - 2.27% (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
• Colorado Federal Savings Bank - 2.25% ($5K min) account review
• NewDominion Bank - 2.21% (min $3K) account review
• USAA Bank - 2.20% (min $1K) (2.51% $175K min) account review
• Discover Bank - 2.20% (min $2.5K) 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
• EverBank - 2.05% ($1.5K min) account review
• Equity Bank - 2.05% (min $1K) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• OneWest Bank/IndyMac - 2.00% (min $5K) account review
• Tennessee Commerce Bank - 2.00% (min $5K) account review
• American Express Bank - 2.00% (min $0) account review
• Fifth Third - 2.00% (min $5K) not all states, account review
• Capital One - 2.00% (min $5K) account review
• Academy Bank - 1.90% (min $500) account review
• MetLife Bank - 1.90% (min $25K) 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
• Northrop Grumman FCU - 2.76% (min $40K), account review
• Frontier Bank - 2.75% (min $50K) account review
• BankUnited - 2.75% (min $5K) account review
• Southern Community Bank & Trust - 2.75% (min $500) account review
• Jacksonville Bank - 2.70% (min $1K) account review
• State Bank of India - 2.68% (min $5K) 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
• NewDominion Bank - 2.56% (min $3K) account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• Dime Savings Bank - 2.50% (min $500) account review
• H&R Block Bank - 2.50% (min $250) account review
• AIG Bank - 2.50% (min $2.5K) account review
• Colorado Federal Savings Bank - 2.50% ($5K min) account review
• Gateway Regional CU - 2.50% (min $1K) restrictions to membership, account review
• Discover Bank - 2.50% (min $2.5K) account review
• Ally Bank - 2.49% (min $0) account review
• iGobanking - 2.45% (min $500), account review
• Intervest - 2.45% (min $2.5K), account review
• Agriculture FCU - 2.40% (min $1K) account review
• Flagstar - 2.35% (min $500), account review
• Equity Bank - 2.35% (min $1K) 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
• 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
• 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 - 2.70% (min $10K) account review
• Flagstar - 2.60% (min $500), account review
• Equity Bank - 2.58% (min $1K) account review
• Tennessee Commerce Bank - 2.50% (min $5K) account review
• American Express Bank - 2.50% (min $0) 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
• Pentagon Federal CU - 3.50% (min $1K), account review
• Northwest FCU - 3.42% (min $25K) account review
• Acacia Federal Savings Bank - 3.40% (min $500) account review
• Hudson City Bank - 3.40% (min $5K) account review
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• OneWest Bank/IndyMac - 3.30% (min $5K) account review
• Capital One/Costco - 3.30% (min $5K) account review
• State Bank of India - 3.29% (min $5K) account review
• US Bank - 3.25% (59 mo) (min $1K) 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
• Intervest - 3.22% (min $2.5K), account review
• Frontier Bank - 3.20% (min $50K) account review
• Nationwide Bank - 3.15% (min $500) account review
• Agriculture FCU - 3.15% (min $1K), account review
• University FCU - 3.12% (min $2.5K), account review
• USAA Bank - 3.10% (min $1K) (3.41% $175K min) account review
• Alliant Credit Union - 3.10% (min $25K) account review
• Ally Bank - 3.10% (min $0) account review
• AIG Bank - 3.05% (min $2.5K) account review
• Gateway Regional CU - 3.05% (min $1K) restrictions to membership, account review
• Patelco CU - 3.04% ($1K min), account review
• Credit Union of Georgia - 3.04% (min $50K), account review
• Mountain America CU - 3.00% (min $1K) 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
• EverBank - 3.00% ($1.5K min) account review
• Third Federal - 3.00% (min $500) account review
• Colorado Federal Savings Bank - 3.00% ($5K min) account review
• Delta Community CU - 3.00% (min $1K) account review
• American Express Bank - 2.95% (min $0) account review
• Flagstar - 2.85% (min $500), account review
• Equity Bank - 2.84% (min $1K) account review
• Consumers CU - 2.80% (59-mo) (min $250) (3.05% $100K+) account review
• iGobanking - 2.80% (min $500), account review
• USA FCU - 2.53% (min $1K) account review
• FNBO Direct - 2.51% (min $500) account review
• Citibank - 2.50% (min $500) account review
• Western FCU - 2.12% (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 - 3.65% (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 - 0.12% 7-day yield
• Paypal Money Market Fund - 0.06% 7-day yield (1% cashback debit MasterCard)
• Vanguard Prime Money Market Fund - 0.05% 7-day yield
• Fidelity Money Market Fund - 0.05% 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)