Bank Deals Weekly Summary for February 6, 2010

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

We had some good news on Friday when the Labor Department released January's unemployment rate showing an unexpected decline from 10% to 9.7%. The more the economy strengthens and unemployment falls, the sooner we'll see higher interest rates. However, as this AP article reported, it's likely to take a long time before unemployment returns to normal levels:

Still, the government now estimates 8.4 million jobs vanished in the Great Recession. And economists say the nation will be lucky to get back 1.5 million of them this year. They also warn it will take until the middle of the decade for the job market to return to normal.

This Calculated Risk Blog post showed the historical relationship of the unemployment rate with the Fed funds rate:

In the early '90s, the Fed waited more than a 1 1/2 years after the unemployment rate peaked before raising rates. The unemployment rate had fallen from 7.8% to 6.6% before the Fed raised rates.

Higher inflation could force the Fed to hike rates in the next year. However, if history repeats, it's quite possible that it could take many years before we see rate hikes.

There was another major newspaper that published an article showing the impact to savers and retirees from this ultra-low interest rate environment. It was published today by the Boston Globe, and I especially like the title: For savers, low rates are matter of high interest. The article pointed out what we all have seen:

Record-low interest rates that have been a boon for borrowers are hurting savers, especially seniors who depend on bank account interest to supplement their incomes.

These articles may not help make it any easier for us, but at least this news is being reported.

After 15 bank failures in Janauary, I was worried my February Fridays would be especially busy. However, only one bank failed yesterday. The failed bank was just a tiny Minnesota bank (see review). I have a feeling we won't see many more quiet Fridays this year. This MarketWatch article reported on what we may see for 2010. The article described the Texas Ratio as a guide to identify at-risk banks, and it noted that there are 388 banks as of 9/30/09 with Texas Ratios of over 100%. That compares to 552 that the FDIC has on its 9/30/09 secret problem list and 605 that's on Calculated Risk's unofficial problem bank list.

Savings Account Rates

Savings account rates had another bad week. Several banks cut their rates including Discover Bank, Capital One and ING Direct.

Alliant Credit Union continues another month maintaining 2.00% APY on its savings account (see my Alliant review). This 2% APY has held since July 2009. Another nice surprise is the continued 2.02% APY being offered by Incredible Bank. It has been almost 3 months since I first reviewed this internet checking account.

Rate Hikes:

1. OneWest Bank e-Money Market - 1.25% (was 1.15%)

Rate Cuts:

1. Peoples Bank E-Savings - 1.60% (was 1.81%)
2. Wings Financial CU MMA - 1.56% $5K (was 1.71%)
3. Clear Sky Savings Account - 1.55% (was 1.60%)
4. Bank of Internet MMA - 1.55% (was 1.60%)
5. Capital One/Costco InterestPlus Savings - 1.50% (was 1.60%)
6. Bank of Internet Advantage Savings - 1.50% (was 1.55%)
7. Savings Square Savings - 1.45% (was 1.55%)
8. Capital One InterestPlus Savings - 1.45% (was 1.55%)
9. Nationwide Bank MMA - 1.45% (was 1.50%)
10. Discover Bank MMA - 1.40% $10K-$100K (was 1.50%)
11. Discover Bank Savings - 1.35% (was 1.60%)
12. Capital One/Costco MMA - 1.35% (was 1.40%)
13. Bank of American Fork - 1.35% (was 1.40%)
14. 1st Constitution Direct Savings 3mo promo - 1.25% (was 1.50%)
15. Southern Community Bank & Trust MM Special - 1.20% (was 1.80%)
16. ING Direct Savings - 1.20% (was 1.25%)
17. Capital One MMA - 1.15% (was 1.20%)
18. Charles Schwab Savings - 0.75% (was 1.05%)
19. Charles Schwab Checking - 0.60% (was 0.75%)

Certificate of Deposit Rates

I'm afraid it was also a bad week for CD rates, especially short- and mid-term rates. There are no longer any banks offering nationally available 2% 1-year CD rates. There are a few credit unions such as Alliant. Also, there are two banks offering nationally available 15-month CDs with yields at or above 2%. One is Country Bank for Savings in MA which has a 2.00% APY (see review). The other one is First City Bank in Florida which has a 2.25% APY (see review).

Long-term CD rates mostly held steady. One bright spot was at EverBank which raised its 5-year CD rate from 3.37% to 3.45% APY. The best nationally available 5-year CD rate at a bank continues to be at Flushing Savings's internet bank, iGObanking.com (see review).

If you're concerned about locking into a long-term CD when there's a chance we'll see high inflation and much higher rates in the next couple of years, make sure you pay attention to the early withdrawal penalties. The bank that currently has the smallest penalty for long-term CDs is Ally Bank which recently cut its penalty to only 60 days of interest (see review).

No one knows how soon we'll see higher rates. That's one reason CD ladders are so useful. It takes away the guessing. We published an article with a neat infographic this week on how to build a CD ladder. I included some of my own tips in this blog post.

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

Best Nationwide CD Deals as of 2/06/10: 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. 2.10% 12-mo CD at Alliant CU (account review)
5. 2.25% 15-mo CD at First City Bank (account review)
6. 2.00% 15-mo CD at Country Bank for Savings (account review)
7. 2.17% 24-mo Add-On CD at Northwest FCU (account review)
8. 2.75% IRA-only 30-mo CD at Navy FCU - Limited Membership (account review)
9. 2.50% 30-mo CD at Astoria Federal Savings (account review)
10. 3.00% 36-mo CD at Pentagon FCU (may change in Feb) (account review)
11. 3.25% 48-mo CD at Pentagon FCU (may change in Feb) (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. 3.55% 60-mo CD at iGObanking (account review)
16. 3.50% 60-mo CD at Pentagon FCU (may change in Feb) (account review)
17. 3.40% 60-mo CD at Hudson City Savings Bank (account review)
18. 3.15% 60-mo Small-Penalty CD at Ally Bank (account review)
19. 4.25% IRA-only 84-mo CD at Navy FCU - Limited Membership (account review)
20. 4.06% 84-mo CD (min $175K) at USAA Bank (account review)

Best Local CD Deals as of 2/06/10: 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. 2.30% Money Market Account (min $100K) at Georgia Primary Bank in Atlanta (account review)
2. 2.02% Money Market Account at South Florida FCU (account review)
3. 1.90% Savings Account (5% for 1st $1K) at OMNIBANK in TX (account review)
4. 2.00% 6-mo CD at Vision Bank in Dallas (account review)
5. 2.00% 6-mo CD at United Financial Bank of Florida (account review)
6. 3.00% 7-mo CD at NIH FCU in MD & DC - Limited Membership (account review)
7. 2.25% 12-mo & under CD at Cecil Bank in MD (account review)
8. 2.22% 12-mo CD at Cornerstone Bank & Trust in IL (account review)
9. 2.50% 12-mo CD at Danversbank in MA (account review)
10. 2.06% 12-mo CD w/chk at Chartway FCU in VA, GA, RI, NC, TX, FL & NJ (account review
11. 2.00% 12-mo CD at Premier American Bank, NA in Miami, FL (account review)
12. 2.01% 15-mo CD at Aspire FCU in NY, NJ, NH & VA (account review)
13. 2.20% 16-mo Jumbo CD at Teachers FCU in NY (account review)
14. 2.35% 17-mo CD at Community Bank of Broward in FL (not verified since 1/27) (account review)
15. 2.18% 18-mo CD w/chk at Greater Western Bank in AZ, CO, KS, NE, SD, IA & MO (account review)
16. 2.20% 18-mo CD & 3.20% 44-mo CD at Crescent Bank & Trust in Louisiana (account review)
17. 4.06% 48-mo CD & 2.52% 24-mo CD at Founders FCU in SC/NC (account review)
18. 4.00% 60-mo CD at PFFCU in Philadelphia (account review)
19. 3.75% 60-mo & 3.45% 48-mo CD at Fidelity Bank of FL (account review)
20. 3.60% 60-mo Jumbo CD at CEFCU in CA & IL (account review)
21. 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 3.56% and 4.25%. Just like savings account rates, reward checking rates are also falling. However, it should be noted that the average reward checking rate continues to be 1% to 2% higher than the average savings account rate. It should also be noted that reward checking is no longer a new product. I reported on 83 reward checking accounts in 2007.

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

Changes in the Rate Lists

I've done some pruning of the rate lists. A reader had the good suggestion to remove banks offering "high-yield" savings accounts with rates under 1%. I hope we never get to the point that we have to consider 1% competitive. I also removed some low-rate CDs from the lists. If you want to see a more comprehensive list, refer to our DepositAccount rate tables. I've included links to these tables under each category.

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

Banking News

• Just One Small Bank Failure Today in Minnesota

CD Deals - National

• Issues to Consider for Your CD Ladder
• Competitive Long-Term IRA CD Rates at Navy Federal Credit Union - Limited Membership
• 15-Month CD Special at First City Bank - Available Nationwide
• Competitive 5-Year CD at iGOBanking.com - Available Nationwide
• Competitive One-Year CD Rate at Doral Bank Direct But Beware When the CD Matures

Reward Checking Accounts

• High-Yield Reward Checking Account at Cornerstone Bank & Trust in IL - Local Only
• High-Yield Reward Checking Account at First State Bank in TN - Local Only

CD and Money Market Deals - Local

• Competitive CD and Money Market Specials at Premier American Bank, N.A. in Miami - Local Only
• CD Specials with Competitive Rates at Premier Bank in Northwest Florida - Local Only
• Competitive CD Rates at Chartway FCU in Several States - Local Only
• Special No-Penalty 24-Month CD at Union National Community Bank in PA - Local Only
• Hot 25-Month CD Special at University of Iowa Community CU - Local Only
• CD and Money Market Specials at Legacy Bank in Milwaukee - Local Only
• Competitive 29-Month CD Rate at American Eagle Bank of Chicago - Local Only
• CD and Checking Account Deals at Cascade Bank in Washington State - Local Only
• Competitive CD Rates at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only
• CD and Checking Account Promotion at Gateway Bank of Southwest Florida - Local Only
• 15-Month CD Special at Velocity Credit Union - Easy Membership But Soon To Be ASI-Only
• Hot One-Year CD Local Deal (MA) and Other Good Nationwide Deals at Danversbank
• Competitive 18-Month CD Special at Greater Western Bank in Several States - 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 February 6, 2010

Checking/Savings/Money Market Accounts:

• Best Reward Checking Account Rates (Nationwide & by State)
• Best Savings Account Rates (Nationwide & by State)
• Best Money Market Rates (Nationwide & by State)
• Best Checking Account Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• 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
• Alliant Credit Union - 1.75% Checking, required direct deposit, 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
• Newtown Savings Bank - 1.60%, account review
• Peoples Bank - 1.60% ($10K min) account review
• Wings Financial CU - 1.56% MMA ($5K min) Limited Membership, account review
• UFB Direct - 1.55%, account review
• Bank of Internet - 1.55% MMA (min $100) account review
• Clear Sky Accounts - 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
• Connexus CU - 1.50% MMA (min $20K) (2.00% $100K+) account review
• Danversbank - 1.50% 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
• Bank of Internet - 1.50% Advantage Savings (min $100) account review
• Capital One/Costco - 1.50% InterestPlus Savings ($5K min) quarterly bonuses for $15K+, 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
• Nationwide Bank - 1.45% MMA (min $1K) account review
• Capital One - 1.45% InterestPlus Savings ($2.5K min) quarterly bonuses for $15K+, account review
• Savings Square - 1.45%, account review
• WTDirect - 1.41% ($10K min), 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
• HSBC Advance - 1.35% account review
• Bank of American Fork - 1.35% (min $1K) account review
• CapitalOne/Costco - 1.35% MMA (min $1K, Costco members only, $60 deal for exec. members)
• Discover Bank - 1.35% Savings (min $500) 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+, 1.61% $100K) account review
• OneWest Bank - 1.25% (min $1K) account review
• Wilshire State Bank - 1.25%, chk required (min $500) 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
• FNCB Bank - 1.25% (min $100) account review
• 1st Constitution Direct - 1.25% (min $100), 3 mo promo (1.25% $10K+ stnd) account review
• EmigrantDirect - 1.20%, account review
• E-LOAN - 1.20% Savings Plus (min $5K) other requirements, account review
• ING Direct - 1.20%, (0.25% checking), post ($25 bonus)
• Southern Community Bank & Trust - 1.20% ($25K min) req chk, account review
• Intervest National Bank - 1.15% MMA (min $2.5K) account review
• Bank of America NEA - 1.15% MMA ($500 min) (1.25% for $50K+) account review
• Union Federal Savings - 1.15% account review
• Capital One - 1.15% MMA, account review
• Discover Bank - 1.00% MMA (min $2.5K) (1.40% $10K-$100K, 1.50% $100K+) account review

3-Month Certificates of Deposit:

• Best 3-Month CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• Danversbank - 1.75% (4 mo) (min $500) account review
• Wings Financial CU - 1.51% (min $500) Limited Membership, account review
• UFB Direct - 1.14% (min $8K)
• TotalBank - 1.10% (min $1K) account review
• Southeast Financial FCU - 1.10% (min $500) account review
• MetLife Bank - 1.05% (min $25K) account review

6-Month Certificates of Deposit:

• Best 6-Month CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• Wings Financial CU - 1.76% (min $500) Limited Membership, account review
• America's CU - 1.75% (7 mo) (min $500) account review
• Country Bank for Savings - 1.60% (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 - 1.39% (min $8K)
• 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
• Ascencia Bank - 1.31% (min $500), account review
• Ally Bank - 1.30% (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
• MetLife Bank - 1.15% (min $25K) account review
• ING Direct - 1.00%, 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

12-Month Certificates of Deposit:

• Best One-Year CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• Apple FCU - 3.00% IRA-only (14-mo) (min $500) account review
• First City Bank - 2.25% (15-mo) (min $5K) account review
• Alliant Credit Union - 2.10% (min $25K) account review
• Melrose CU - 2.07% (min $5K) account review
• Wings Financial CU - 2.07% (min $500) Limited Membership, account review
• Southeast Financial FCU - 2.00% (min $500) account review
• America's CU - 2.00% (13-mo) (min $500) account review
• Country Bank for Savings - 2.00% (15-mo) (min $500) account review
• Academy Bank - 1.90% (min $500) account review
• Franklin Synergy Bank - 1.90% (min $1K) account review
• Golf Savings Bank - 1.90% (15-mo) (min $10K) account review
• Choice Financial - 1.85% (13 mo) (min $5K) add-on feature, account review
• UFB Direct - 1.81% (min $8K)
• Delta Community CU - 1.80% (min $1K) account review
• USAA Bank - 1.79% (15-mo) (min $1K) (2.10% $175K min) account review
• Jacksonville Bank - 1.75% (min $1K) account review
• Connexus CU - 1.75% (min $500) account review
• BankUnited - 1.75% (min $5K) account review
• Ascencia Bank - 1.71% (min $500), account review
• State Bank of India - 1.71% (min $5K) 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
• Discover Bank - 1.70% (min $2.5K) account review
• NewDominion Bank - 1.67% (min $3K) account review
• Ally Bank - 1.65% (min $0) account review
• Frontier Bank - 1.60% (min $500) account review
• Self-Help CU - 1.56% (min $500) account review
• Northwest FCU - 1.52% (min $500) add-on, account review
• Geauga Savings Bank - 1.50% (min $1K) account review
• ING Direct - 1.50% (min $1) account review
• Wilshire State Bank - 1.40% (min $10K), liquid features, account review
• Bank of Internet - 1.40% (min $1K) account review
• Fifth Third - 1.35% (13-mo) (min $5K) not all states, account review
• HSBC Advance - 1.25% (min $10) account review
• Consumers CU - 1.25% (15-mo) (min $250) (1.50% $100K+) account review
• Amboy Direct - 1.10% Add-On (min $10K) account review

18-Month Certificates of Deposit:

• Best 18-Month CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• 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
• Century Bank Direct - 1.90% (20 mo) (min $1K) account review
• Academy Bank - 1.90% (min $500) account review
• Discover Bank - 1.80% (min $2.5K), account review
• Nationwide Bank - 1.80% (min $500) account review
• NewDominion Bank - 1.76% (min $3K) account review
• Colorado Federal Savings Bank - 1.75% ($5K min) account review
• Ally Bank - 1.74% (min $0) account review
• DollarSavingsDirect - 1.65% (16-mo) (min $1K) verified by phone on 2/06 account review

24-Month Certificates of Deposit:

• Best Two-Year CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• Wings Financial CU - 2.52% (min $500) Limited Membership, account review
• Melrose CU - 2.32% (min $5K) account review
• Hudson City Bank - 2.30% (min $5K) account review
• Atlantic Coast Bank - 2.30% 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
• Country Bank for Savings - 2.25% (min $500) account review
• Jacksonville Bank - 2.20% (min $1K) account review
• Golf Savings Bank - 2.20% (min $10K) account review
• Northwest FCU - 2.17% (min $500) add-on, account review
• State Bank of India - 2.17% (min $5K) account review
• Discover Bank - 2.15% (min $2.5K) account review
• ISN Bank - 2.12% (min $1K) account review
• NewDominion Bank - 2.11% (min $3K) account review
• Tennessee Commerce Bank - 2.10% (min $5K) account review
• Main Street Bank - 2.10% (min $10K) account review
• Northrop Grumman FCU - 2.10% (min $40K), account review
• USAA Bank - 2.10% (min $1K) (2.41% $175K min) account review
• AIG Bank - 2.10% (min $2.5K) account review
• Ally Bank - 2.09% (min $0) Bump-Up, account review
• Northpointe Bank - 2.07% (min $5K) account review
• Self-Help CU - 2.07% (min $500) account review
• Broadway Federal Bank - 2.02% (min $1K) account review
• American Express Bank - 2.00% (min $0) account review
• Equity Bank - 2.00% (min $1K) account review
• Frontier Bank - 2.00% (min $50K) account review

36-Month Certificate of Deposit:

• Best 3-Year CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• 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
• EBSB Direct - 2.75% (min $1K) account review
• Atlantic Coast Bank - 2.70% 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
• iGobanking - 2.60% (min $500), account review
• Air Force FCU - 2.55% (min $25K) membership restrictions account review
• State Bank of India - 2.52% (min $5K) account review
• Northrop Grumman FCU - 2.52% (min $40K), account review
• NewDominion Bank - 2.51% (min $3K) account review
• Jacksonville Bank - 2.50% (min $1K) account review
• Agriculture FCU - 2.50% (min $1K) account review
• Southern Community Bank & Trust - 2.50% (min $500) account review
• Discover Bank - 2.50% (min $2.5K) account review
• Ally Bank - 2.49% (min $0) account review
• Frontier Bank - 2.35% (min $50K) account review

48-Month Certificate of Deposit:

• Best 4-Year CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• 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
• BankUnited - 3.00% (min $5K) 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
• Ally Bank - 2.74% (min $0) account review
• Discover Bank - 2.65% (min $2.5K) account review
• Frontier Bank - 2.55% (min $50K) account review
• Capital One - 2.50% (min $5K) account review

60-Month Certificate of Deposit:

• Best 5-Year CD Rates (Nationwide & by State)

• Noteworthy Accounts Available Nationwide:

• 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
• EverBank - 3.45% ($1.5K min) account review
• Hudson City Bank - 3.40% (min $5K) account review
• Wings Financial CU - 3.39% (min $500) Limited Membership, account review
• Northwest FCU - 3.30% (min $25K) account review
• Agriculture FCU - 3.30% (min $1K), account review
• OneWest Bank - 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
• State Bank of India - 3.24% (min $5K) account review
• Mountain America CU - 3.20% (min $1K) account review
• Discover Bank - 3.20% (min $2.5K) account review
• Ally Bank - 3.15% (min $0) account review
• USAA Bank - 3.15% (min $1K) (3.46% $175K min) account review
• Intervest - 3.15% (min $2.5K), account review
• US Bank - 3.10% (59 mo) (min $1K) account review
• Gateway Regional CU - 3.05% (min $1K) restrictions to membership, account review
• Capital One/Costco - 3.05% (min $5K) account review
• Patelco CU - 3.04% ($1K min), account review
• Chase Bank - 3.00% (min $10K)
• Capital One - 3.00% (min $5K) account review
• Frontier Bank - 2.85% (min $50K) account review

84-Month Certificate of Deposit:

• Navy FCU - 4.25% IRA-only ($20K min) restrictions to membership, account review
• 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 - 3.40% (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

• Best Deals and CD Rates by State

Bank Account Alternatives

• GE Interest Plus - 2.05% rate for $50k+
• Vanguard Tax-Exempt Money Market Fund - 0.09% 7-day yield
• Paypal Money Market Fund - 0.05% 7-day yield (1% cashback debit MasterCard)
• Fidelity Money Market Fund - 0.02% 7-day yield (reviews on Fatwallet)
• Vanguard Prime Money Market Fund - 0.02% 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)

Edit 2/7/2010: Clarified the Capital One Savings Accout as the InterestPlus Savings Account.