tag:blogger.com,1999:blog-111038402009-11-08T11:57:43.682-08:00Bank Deals was started by a guy who enjoys searching for the latest banking deals and the best rates.Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.comBlogger5000125BankDeals-BestRatesAndDealshttp://feedburner.google.comtag:blogger.com,1999:blog-11103840.post-578887209188316132009-11-07T15:33:00.000-08:002009-11-07T15:41:23.351-08:00

Hot Deals, Quick Link for Rates, Recap of this week's postsThe Fed finished another FOMC meeting this week, and they continue to say that conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period." With unemployment rate rising above 10%, I'm afraid there's little chance of rates going up any time soon. As this Calculated Risk blog post described,

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I found this deal last night as I was reporting on yesterday's 5 bank failures. One of the banks that assumed the deposits of one of the 5 failed banks was Central Bank of Kansas City, and it is offering a special 15-month CD with a 2.27% APY. This CD special is listed on the bank's front page as of 11/07/09. Minimum deposit is $5,000, and the maximum is $100,000. New money is required.It appears

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It was another busy Friday for the FDIC with 5 bank failures. The largest bank that failed was United Commercial Bank which had 63 U.S. branches and $11.2 billion in assets. East West Bank agreed to assume all deposits and branches of United Commercial Bank. One thing unique about United Commercial Bank is that it had branches in China, and consequently, the FDIC had to cooperate with the Chinese

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CharterBank is offering a high-yield rewards checking account with the following rates and features of certain monthly requirements are met:5.01% APY on balances up to $25,0001.01% APY on portion of balance over $25,0000.10% base rate if monthly requirements are not metATM fee refunds up to $20 per cycleThe monthly requirements include:10 check card purchases1 direct deposit or automatic

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Bank of the West extended its $100 promotion that I last posted on in August. It's now scheduled to last until 12/11/2009. You can earn $100 by either direct deposit of at least $250 or 10 online bill payments. The promotion details are listed in the bank's promo page at www.bankofthewest.com/neighbor. Refer to my August post for highlights of the important promotion details.When I called Bank of

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Jacksonville Bank is offering several competitive CD rates. The following CD rates are listed at the bank's rates page as of 11/06/09:2.90% APY 36-60 month CD2.60% APY 24-35 month CD2.25% APY 12-23 month CD1.75% APY 6-11 month CDMinimum deposit is $1,000.There's a link to an online application at the personal savings accounts page. I called the bank's toll-free number (1-877-7MY-JAXB), and I was

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0http://bankdeals.blogspot.com/2009/11/225-12-month-cd-260-24-month-cd-at.htmltag:blogger.com,1999:blog-11103840.post-29753440035879019562009-11-06T07:29:00.000-08:002009-11-06T14:21:45.722-08:00

Mega Bank has a CD promotion with some very competitive rates. The best rates are its Jumbo CDs. The regular CD rates are about 30 basis points lower. The Jumbo rates as listed at the bank's promotions page as of 11/06/09 include:2.38% APY 16-month CD2.27% APY 12-month CD2.15% APY 6-month CDThe CD promotion is scheduled to last to 11/15/2009. Update: According to the CSR, the minimum deposit for

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The Mint National Bank is offering some competitive CD and savings account rates. The two most competitive CD rates are the 2.10% APY 12-month CD and the 2.50% APY 24-month CD. Minimum deposit is $1,000. These same rates are also available in an IRA. The bank's savings account has tiered rates with the top rate of 2.10% APY for balances of at least $50,000. The rate is also competitive for

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0http://bankdeals.blogspot.com/2009/11/210-12-month-cd-250-24-month-cd-at-mint.htmltag:blogger.com,1999:blog-11103840.post-3126335406293389032009-11-05T19:57:00.000-08:002009-11-05T20:00:18.540-08:00

Century Bank Direct is offering some very competitive CD rates. The following are the rates as listed at the bank's CD rates page as of 11/05/09:1.70% APY 5 month2.09% APY 10 month2.25% APY 15 month2.35% APY 20 monthSome of the important features of these CDs as listed in the bank's CD page and in the bank's disclosure includes:$1,000 minimum to openMaximum deposit of $100,000Interest paid

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Royal Asian Bank is offering a three very competitive CD specials:2.25% APY 12 months2.35% APY 14 months2.50% APY 17 monthsMinimum deposit is $1,000. These rates are listed at the bank's CD page as of 11/05/09. At the bottom of the rate table, it states that "Geographic restrictions apply to state-specific accounts." A bank representative commented that a CD is available to residents of any state

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SFGI Direct has posted the following on its front page:On Friday, November 6th SFGI Direct will again remove the "Apply Now" button from our website. As many of you noticed in July we removed the "Apply Now" button for approximately 2 months. It is our philosophy to deliver a competitive product to our clientsSFGI Direct has chosen a strategy to slow account growth by limiting the application

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Citizens First Bank is offering a high-yield rewards checking account called Smart e-Checking with the following rates and features if certain monthly requirements are met:5.01% APY on balances up to $25,0001.25% APY on portion of balance over $25,0000.50% base rate if monthly requirements are not metRefunds all ATM fees nationwide up to $25 ($4.99/transaction)The monthly requirements include:10

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Update: The offer codes don't seem to last long. Since Discover's ad included the offer code, they don't seem to be one-use-only like Chase's codes. If you find other codes, please leave a comment. Discover Bank continues to offer a $25 bonus for opening a CD with a term of at least 12 months. The promotion page is located at discoverbank.com/cdoffer. An ad for this promo was recently published

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PerkStreet Financial is offering a $50 bonus for opening a checking account with a $25 minimum deposit and keeping it open for three straight months. Details of the offer are located in the bank's checking account page. No direct deposit is required. However, according to the bank's fee page, the account has a $4.50 fee if there is no activity in the account for a month. The fee can be avoided by

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The FOMC meeting finished today, and as expected the fed funds rate remains near zero (0 to 0.25%). There had been some expectations that the Fed would change their language to indicate possible higher rates in the future. Last month Barron's published commentary making a reasonable case that the Fed needed to start implementing its exit strategy with a hike in the federal funds rate to levels

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South Division Credit Union is offering a reward checking account called Freedom Green Checking. The account has the following rates and features if certain monthly requirements are met:4.01% APY on balances up to $25,0000.00% on portion of balances above $25,0000.00% base rate if qualifications are not metRefunds ATM fees nationwide up to $25 per cycleThe monthly requirements include:12 VISA

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First Tennessee Bank is offering a checking account promotion in which you can earn up to $150. Details of the promotion are described at firsttennessee.com/150. The promotion is scheduled to end on 12/31/2009. To receive $100 requires that you open a new checking account at a branch and present a copy of this promo or open online. Some of the important small print includes:Minimum opening

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Qualtrust Credit Union is offering two competitive long-term certificate rates. One is a 3.56% APY 5-year CD and the other is a 3.30% APY 4-year CD. The shorter term rates are not quite as competitive. Minimum deposit is $1,000. According to the small print, the early withdrawal penalty is 180 days of dividends. These rates are listed in the credit union's CD rates page as of 11/04/09. The rates

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AllSouth Credit Union is offering some competitive certificate rates. The best rates require a $100,000 minimum deposit. These include a 1.96% APY 6-month CD, a 2.27% APY 12-month CD and a 2.47% APY 24-month CD. Lower rates are available for smaller deposits. Similar rates are also available in an IRA. These rates are listed in the credit union's rates page as of 11/04/09.Membership is open to

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South Jersey Federal Credit Union is offering a special 9-month share or IRA share certificate with a 1.71% APY. If the Phillies win the World Series, the credit union will bump up the APY to 1.76%. The CD must be purchased by 11/5/09, or before the World Series Champion is declared which may be tonight. It's fortunate that the series made it to game 6. The last time the World Series lasted at

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Update 11/08/09: A reader provided some updates on this promotion. Please refer to the reader's comments below.First National Bank of Long Island is having a grand opening special at its Bayville branch that's scheduled to end 11/14/2009. One of the specials offers a high rate for 120 days on the Platinum Savings Account and a free gift. The details of the promo are listed at this bank's webpage.

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Flagstar Bank has a new internet bank website at FlagstarDirect.com. The site provides an online application for a Flagstar checking account, money market account and CDs. The money market account and CDs are the same as what I've reported previously. The internet money market account is called Express Money Market. It was first offered in 2007 with a 5.30% APY. The rates have remained

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Wings Financial Credit Union continues to offer several very competitive CD rates. In addition, they have expanded their field of membership beyond just the airline industry to include all those who live or work in the Minneapolis/St. Paul metro area. The special 27-month CD and all of their standard CDs have competitive rates. Minimum deposit is $500. These are also available in an IRA. Below is

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Charter Bank slashed the top rate of its reward checking account from 4.01% to 1.25% APY. Charter Bank had a 2-year history of offering a nationwide reward checking account with very competitive rates. With this major change, it brings up the question of whether reward checking can provide rates higher than online savings accounts over the long term.Charter Bank made two other changes attempting

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The Treasury just released the new I Bond rates this morning. The new fixed rate is 0.30%. When combined with the new inflation rate of 3.06%, the total rate is 3.36%.As I described last month, The inflation component was already known based on the previous CPI numbers. However, the fixed rate component is determined secretly by the Treasury. The increase of the fixed rate from 0.10% to 0.30% is

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