Some More Decent CD Rates That Are Still Available

CD and savings account rates are dropping like a rock. With another Fed rate cut likely on the 31st, locking money into a CD will likely be better than keeping it in a savings account. I listed a few CDs with decent rates that are still available in yesterday's post. Some also have generous lock periods (the period after you apply in which the bank has to receive the funds to lock in the rate). Thanks to everyone who commented about other CD suggestions. I've pulled together the suggestions, checked that they're still available as of this morning, and put them in the list below. If you have any other CD deals or have other information on these CDs, please leave a comment.

• WaMu's 5.10% APY 7-Month Add-On CD is still available in some states (see my review). May have 7 days after applying before they have to receive the funds to lock in rate.
• Wachovia's 5.01% APY 5-Month CD is still listed in some states. When I reviewed this two weeks ago, it was 5.05% APY. A reader had the following comment about this Wachovia CD: "Online application is smooth and you have 10 days from date of application to fund (my app was dated 1/20 even tho I prepared & submitted it 1/22). Other strange part is if you want to fund by ACH or wire, a CSR will contact you to arrange. So you can't just pull money in from a linked external account."
• TD Ameritrade is still listing a 5.30% APY 3-month CD. According to TD's webpage, it has to be funded by 2/1/08. I first reviewed this in this December post.
• Superior Savings is still listing a 5.25% APY 7-month CD. A reader commented that it locks in 14 days from date of posting. I first reported on this CD in this November post.
• Countrywide Bank still has 3-month and 6-month CDs with yields as high as 5.10% APY in some states. A reader commented that you have 10 days from date of application to fund. I reported on these CDS last Sunday.
• Provident Credit Union is still listing a 5.01% APY 16 and 60-month CD. They also have a 5.51% reward checking account. I reviewed the 16-month CD (when it was 5.30%) in this November post.
• Flagstar Bank is still listing a 5.00% APY 6-month CD, a 4.91% APY 12-month CD, and 4.86% APY for longer terms.
• Corus Bank is listing a 4.85% APY 6-month CD. A reader commented that Corus provides a 14-day funding period from the date in which the online application is submitted.
• Hyde Park Savings Bank is still listing a 5.00% APY 9-month CD that can be opened online and funded with an ACH transfer. MA residents only. See my review.

Since rates are changing fast, be sure to check with the bank for the latest rates. And please verify the funding requirements directly from the bank.

Updated 1/23/08 afternoon: Added CD rate and info on Corus Bank and Hyde Park Savings based on readers' comments. Thanks!