First National Bank of Long Island is offering a great special rate (2.00% APY for 6 months), but there are two downsides: it's only for an IRA and it requires either direct deposit or 25 customer generated transactions with a personal checking account. The offer is scheduled to end on April 17, 2012.
Here's the link to the bank's promotions page
And here's the small print
IRA CD Terms and Conditions: The Annual Percentage Yield (APY) is accurate as of March 19, 2012. Offer ends April 17, 2012. New money only. The minimum/maximum opening deposit is $500.00/$1,000,000.00. Requires direct deposit or 25 customer generated transactions with a personal checking account. Fees may apply. Please speak to a branch representative for complete terms and conditions. Early withdrawals may also incur IRS penalty. Please consult with your tax advisor.
Hat tip to the reader who emailed me news of this offer.