Best Online Bank Rates and Deals

Banks are in the giving mood this Christmas season. Listed below are some of the best rates and offers available on bank checking accounts, savings accounts, reward checking accounts, money market accounts, and certificates of deposit (CDs) from banks (and a few select credit unions).

E-Loan is offering a $25 bonus to new customer who open a 1-year CD before December 18th, 2008.

Regions Bank is offering 25,000 free high-end phones to online banking customers who sign a new 2-year service plan. The phones will be compatible with Regions Bank's Mobile Banking phone application.

National City Bank is paying a $150 bonus when a new checking account is opened with direct deposit. To qualify customer must have a direct deposit of $250 or more and at least 10 VISA checkcard purchases within 60 days of account opening. Offer expires December 31, 2008.

iGObanking.com is offering a free $50 gas card for opening a iGOchecking account and paying 3 bills online before December 31, 2008. Offer limited and restrictions apply.

Wachovia Bank's Way2Save Program is a savings progam in which Wachovia Bank will pay up to $300 to customers for Wachovia Bank check card purchases, paying bills online, or seting up automatic debits. Each transaction earns $1 which is transferred into the savings account. Wachovia Bank is listing a 5.00% APY on their site as a first-year bonus for the savings account.

Bank of America's Keep the Change Promotion rounds up every Bank of America check card purchase made by cardholders and then transfers the difference to a Bank of America savings account. Bank of America will match the amount transfered for the first three months and thereafter will match 5% a year. The maximum total that Bank of America will match in a year is $250. Limited to five checking accounts.

Capital One Bank's Rewards Money Market account offers a 2.50% APY on money market balances as well as a 2,500 bonus miles reward after the first $500 deposit within one month of the account being opened. 1 mile for every $20 average monthly balance in the account is rewarded allowing customers to earn miles to redeem for airline tickets, cash, merchandise, and other rewards.

Central Pacific Bank is giving away an iPod to anyone who opens a new checking account. Deposits of $1,000 or more earn an iPod Shuffle and deposits of $10,000 or more earn an iPod Nano. Central Pacific Bank is located on the island of Oahu in Hawaii.

Flagstar Bank is giving away $100 to new customers who open a personal checking account with recurring direct deposit of at least $250 per month.

Bank of America will pay a $75 bonus to credit card customers who open an new MyAccess checking account online. The checking account features no monthly fees and no minimum balance requirement.

PNC Bank is offering a $100 cash bonus which can earned in one of two ways either (1) Sign up and maintain a qualifying direct deposit on your new personal checking account or (2) open up a $100 business checking account and sign up for online banking.

The BankDirect Mileage Checking, BankDirect Mileage Money Market Accounts, and Mileage CDs reward customers who bank with BankDirect with potentially thousands of frequent flier miles through the American Airlines' AAdvantage program.

10.00% APY from Shore Bank on their Grand Slam checking account for balances from $.01 to $1,000. Must live in eligible county in Maryland or Virginia. ($1,000 minimum)

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).

8.00% APY from Patelco Credit Union on a savings account for members living in San Francisco area up to age 21. Yield only applies to balances up to $1,000. Federally insured by NCUA not FDIC.

7.50% APY from Boeing Employee Credit Union on their Savings With Member Advantage and Early Saver Accounts for balances up to $500. All residents and students in the state of Washington as well as present and former employees of The Boeing Company are eligible. ($5 minimum)

7.01% APY from Montgomery Bank on their Kids Club Savings account for children age 12 and under. APY is applied to first $500 in account. $50 minimum opening deposit.

7.00% APY from Patelco Credit Union on their 1-year certificate for new members in the San Francisco area. $1,000 deposits only. Federally insured by NCUA not FDIC.

6.00% APY - 6.25% APY from various banks who are offering Reward Checking programs. Specific monthly requirements must be met to earn APY. See a list of partcipating banks here.

5.33% APY from Intervest National Bank on their 10-year CD.

5.32% APY from USAA Savings Bank on their 5-year and 7-year CD. Limited to USAA Members including active-duty officers and enlisted personnel, National Guard and Selected Reserve officers and enlisted personnel, Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS), former military personnel, retired officers and enlisted personnel, former officers and enlisted personnel who separated on or after 01/01/1996 ($175,000 minimum)

5.25% APY from Cashmere Valley Bank on their 7-year, 8-year, 9-year, and 10-year CDs. State of Washington residents only. ($100 minimum)

5.21% APY from Discover Bank on their 10-year CD. ($50,000 minimum)

5.10% APY from Navy Federal Credit Union on their 7-year Share Certificate with a minimum deposit of $20,000. Credit union membership eligible for all active duty Navy and Marine Corps members, contractors assigned to DON sites, retired Navy personnel, and family members of eligible Navy personnel.

5.10% APY from Mutual Bank on their 60-month CD. ($2,500 minimum)

5.10% APY from Cashmere Valley Bank on their 5-year and 6-year CDs. State of Washington residents only. ($100 minimum)

5.00% APY from Santa Barbara Bank and Trust on their 60-month CD. ($1,000 minimum)

5.00% APY from Wheatland Bank on their 3-year, 4-year and 5-year CDs. Branch visit in Naperville, Illinois required. ($2,500 minimum)

5.00% APY from National City Bank on their 36-month CD. Requires a National City Bank checking or savings account in the same name to be opened. ($10,000 minimum)

5.00% APY from E-Loan Bank on their 6-year CD. ($10,000 minimum)

5.00% APY from USAA Savings Bank on their 5-year and 7-year CD. Limited to USAA Members including active-duty officers and enlisted personnel, National Guard and Selected Reserve officers and enlisted personnel, Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS), former military personnel, retired officers and enlisted personnel, former officers and enlisted personnel who separated on or after 01/01/1996 ($1,000 minimum)

4.75% APY from Pentagon Federal Credit Union on their 3-year, 4-year, 5-year and 7-year certificate. Membership includes members (and family members) of the United States Army, Air Force, Coast Guard, Navy, Marines, National Guard, Reserves, Cadets, ROTC as well as employees of the Department of Homeland Security (DHS), Department of Defense, Department of the Army, and the Department of the Air Force. Federally insured by NCUA not FDIC. ($1,000 minimum)

4.70% APY from Bank of Shorewood on their 38-month CD. Branch visit in Chicago-area required. ($1,000 minimum)

4.36% APY from Century Bank Direct on their 15-month CD. ($1,000 minimum)

4.30% APY from Mutual Bank on their 16-month CD. ($2,500 minimum)

4.27% APY from Century Bank Direct on their 10-month CD. ($1,000 minimum)

4.25% intro APY from Amboy Direct on their money market for new customers. Rate valid for 3 months. Offer only applies to New Jersey residents.

4.10% APY from Fifth Third Bank on their 37-month CD. ($5,000 minimum)

4.05% APY from E-Loan Bank on their 18-month CD. ($10,000 minimum)

4.01% APY from Century Bank Direct on their 5-month CD. ($1,000 minimum)

4.00% APY from First Federal Bank of California on their 9-month Auto-Rate Bump CD which increases quarterly if the 10-year Treasury yield increases during the same time period. ($500 minimum)

4.00% APY from Amcore Bank on their 19-month CD. Branch visit in Illinois, Iowa, or Wisconsin required. ($20,000 minimum)

4.00% APY from 3rd Federal Bank on their 4-year CD. New money only. No-penalty withdrawal after one year. Requires branch visit in Pennsylvania. ($500 minimum)

3.66% APY from USAA on their 2-year certificates of deposit. Requires USAA membership open to military personnel and their families. USAA is a military insurance company and not a FDIC-insured bank.

3.60% APY from Compass Bank on their money market account for daily collected balances between $10,000 and $1,000,000. Offer applies to residents of Texas, Alabama, Arizona, Florida, Colorado, and New Mexico.

3.50% APY from Provident Direct on their 18-month CD. ($1,000 minimum)

3.45% APY on savings account at E*Trade Bank which can be linked to your brokerage account. ($1 minimum, no fees)

3.30% APY from M&I Bank on their 20-month Smart Saver CD. The Smart Saver CD allows you to make a one-time rate change after the account has been open for 6 months. When you make the rate change, you can also make an additional deposit to the CD. ($2,500 minimum)

3.25% APY from ING Direct on their ING Direct Electric Orange checking account with tiered yields of 3.25% (+$100,000), 2.90% ($50,000-$99,999), and 1.00% ($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.

3.25% APY from National City Bank on their business money market savings account. Yield is effective until October 31, 2008. ($10,000 minimim)

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