Great Online Bank Rate Deals on Money Markets, Checking Accounts, Savings Accounts, and CDs
January 17, 2008
Interest rates have been dropping at banks across the country as the Fed looks likely to lower rates at their next meeting on January 30th if not sooner. Competition among the top online banks has kept the highest-posted rates over 5.00% which is significantly higher than U.S. Treasuries yields, Short-Term U.S. Government Bond Fund Yields, and Mutual Fund Money Market Fund Yields. Safety investors may not see these 5.00% and higher yields throughout 2008 so time may be of the essence. Confirm details directly with each individual bank before opening any account online.
Bank Money Market - Corus Bank, 10K min, 5.10% APY, more money market rates
Bank Checking Account - EverBank, 1.5K min, 5.01% APY, more checking rates
Bank Savings Account - OneUnited Bank, 1K min, 5.30% APY, more savings rates
90-day Bank CD - Countrywide Bank, 10K min, 5.25% APY, more CD rates
180-day Bank CD - Doral Bank Direct, 1K min, 5.25% APY, more CD rates
1-year Bank CD - Countrywide Bank, 10K min, 5.05% APY, more CD rates
5-year Bank CD - Apple Bank, $500 min, 5.00% APY, more CD rates
10-year Bank CD - KeyDirect, 50K min, 5.75% APY, more CD rates
More Online Bank Deals available today include:
10.00% APY from Affinity Bank on their savings account for kids only (applies to balances up to $500 and only California residents are eligible).
7.00% APY from Patelco Credit Union on their 1-year certificate for new members in the San Francisco area. This is a credit union deal not a bank deal so federally insured by NCUA not FDIC.
6.00% APY - 6.25% APY from various banks who are offering Reward Checking programs. Certain monthly requirements must be met to earn APY. See a list of partcipating banks here.
5.70% APY from MidFirst Bank on their 7-year Callable CD. Bank has option to call, but the CD is non-callable for 1 year. Requires branch visit in Arizona.
5.35% APY from Evergreen Private Bank on their 5-month CD. ($10,000 minimum)
5.30% APY from MidFirst Bank on their 5-year Callable CD. Bank has option to call, but the CD is non-callable for 1 year. Requires branch visit in Arizona.
5.25% APY from Doral Bank Direct on their 9-month CD. ($1,000 minimum)
5.25% APY from IndyMac Bank on their 4-month CD. ($5,000 minimum)
5.25% APY from FNBO Direct on their 9-month CD. ($500 minimum)
4.90% APY from Huntington Bank on their 14-month promotional CD. ($2,000 minimum)
5.25% APY from Superior Savings on their 7-month CD. ($500 minimum)
5.15% APY from Countrywide Bank on their 9-month CD. ($10,000 minimum)
5.10% APY from Equity Bank on their 7-month CD. ($1,000 minimum)
5.10% APY from Evergreen Private Bank on their 15-month CD. ($10,000 minimum)
5.09% APY from Gloucester County Federal Savings Bank on savings accounts balances of $100,000 and over. 90-day rate guarantee.
5.08% APY from Norstates Bank on their 5-month CD. ($1,000 minimum)
5.05% APY on savings account at E*Trade Bank which can be linked to your brokerage account. ($1 minimum, no fees)
5.05% APY from FNBO Direct on their online savings account. (no minimum balance)
5.01% APY from Everbank on their introductory offer checking account or money market account. ($1,500 minimum)
4.90% APY from Huntington Bank on their 14-month promotional CD. ($2,000 minimum)
4.90% APY from Equity Bank on their 10-month CD. ($1,000 minimum)
4.90% APY from LaSalle Bank on their online manager's special 5-month CD ($10,000 minimum)
4.90% APY from Independence Bank on their 5-month CD. ($1,000 minimum)
4.85% APY from Academy Bank on their 9-month CD. ($500 minimum)
4.85% APY from Principal Bank on their 14-month CD term. ($1,000 minimum)
4.85% APY from Bank of America on their 4-month CD. Applies to online accounts only. ($5,000 minimum)
4.85% APY from Boardwalk Bank on their 5-month CD. ($500 minimum)
4.80% APY from ING Direct on their ING Direct Electric Orange checking account with tiered yields of 4.90% (+$100,000), 4.65% ($50,000-$99,999), and 3.15% ($0-$49,999). This checking account from ING Direct is paperless with ING providing a platform to send money to any person or business via electric checks.
4.75% APY from BankUnited on their 10-month, 11-month, and 12-month CD. ($5,000 minimum deposit)
4.75% APY from Cole Taylor Bank on their 15-month CD. ($1,000 minimum)
4.50% APY on Bank of America's 9-month Risk Free CD. This CD includes the ability to withdraw funds without penalty prior to maturity date. ($5,000 minimum)
