CD (Certificate of Deposit) Rates, Money Market Rates, High Interest Savings Accounts

Best Savings Accounts Up To 2.50% APY

RateRunner — Fri, 10 Jul 2009 13:00:08 +0000

You’ll earn a little more this month with the most lucrative high-yield savings account. Bank of Internet USA jumped to the top of our rankings of nationally-available accounts by paying 2.50% APY on its Advantage Savings, with a $100 minimum deposit. It surpassed Tennessee Commerce Bank, which continues to pay 2.30% with a $250 minimum deposit. They’re followed [...]

CD Rates Fall This Week, Adding To Gloom

CrankySaver — Thu, 09 Jul 2009 13:00:00 +0000

CD rates continued to fall this week, contributing to a growing sense of gloom. Bankrate’s weekly survey of large banks and thrifts taken July 8 found the average annual yield for a: Three-month CD declined to 0.55% from 0.57% the previous week. That’s the lowest average since Bankrate began tracking 3-month CD rates in March 1989. Six-month [...]

Sales, Rebates, Debt Settlement And More

RateRunner — Wed, 08 Jul 2009 16:42:02 +0000

Can you afford to miss the money-saving info at Bankaholic’s Personal Finance Blog? Some recent posts include: The air fare wars are back! Three discount carriers unleash the first serious sale in weeks with tickets as low as $30 on some short flights. “Cash for Clunkers” is underway. Here’s what you’ve got to do if you want the [...]

Bank Boosts 2-Year CD Rates Above 3%

DealMaven — Wed, 08 Jul 2009 13:00:49 +0000

It’s been three months since any bank paid 3% on a nationally-available 24-month certificate of deposit. But Broadway Federal Bank in Los Angeles is now offering 3.05% APY with a $1,000 minimum deposit. That’s far better than the 2.65% APY the top-paying banks were offering in our last survey of the best 24-month CD rates just a [...]

High-Yield Checking, Unlimited Balance

DealMaven — Tue, 07 Jul 2009 13:05:45 +0000

This high-yield checking account doesn’t offer one of the best rates. Centennial Bank in Orem, Utah, is paying 3.00% APY on the Smart Checking Account through its online division, CBDirect.com. But unlike almost every other high-yield checking account around, there’s no $25,000 or $50,000 limit on how much money you can have on deposit and earn that [...]

Best 12-Month CD Rates Fall To 2.26%

CrankySaver — Mon, 06 Jul 2009 15:20:49 +0000

It’s shocking to see what’s happened to the best-paying 12-month certificates of deposit over just the past two months. Since late April the national average for 12-month CDs has fallen 14 basis points from 1.29% to 1.15% APY — the lowest since April 2004. But in the spring the top three CDs were paying 2.80%, 2.76% [...]

$100 Bonus From Bank of America

DealMaven — Sun, 05 Jul 2009 13:00:51 +0000

Bank of America will pay you $75 to open a new checking account and another $25 if you use it to pay two bills online within 30 days. Some banks, most recently Chase, make you jump through a few more hoops to qualify for this kind of bonus. But the Bank of America offer doesn’t require [...]

Get A Good Rate And A Free HDTV

DealMaven — Fri, 03 Jul 2009 13:00:38 +0000

If you have $20,000 to invest, Irwin Union Bank has an eye-catching summer promotion. It starts with a good rate on an 11-month certificate of deposit. Exactly what you earn depends on where you live. You have to enter your zip code to get the rate for your area. The lowest rate we found was 1.90% [...]

Savings Grows Despite Falling CD Rates

CrankySaver — Thu, 02 Jul 2009 13:00:29 +0000

Our astounding turn toward frugality is not being rewarded by the continuing swoon in CD rates. The Commerce Department says the personal savings rate rose to 6.9% in May, the highest it’s been since 1993. But certificates of deposit sure aren’t paying the returns that encouraged us to save 16 years ago. Bankrate’s weekly survey of large banks [...]

Get Laid Off, Get Your Savings Back

DealMaven — Wed, 01 Jul 2009 17:36:14 +0000

If you’re hesitant to tie your savings up in a certificate of deposit because you might lose your job, Discover Bank has a solution. The online bank run by Discover credit cards will allow you to withdraw part or all of your money — including the interest you’ve earned — if you’re laid off. There’s no early-withdrawal [...]

Skipping A Car Payment Could Help

CrankySaver — Tue, 30 Jun 2009 12:48:30 +0000

Two unusual deals just landed in the Bankaholic mailbox — one intriguing, one not. Harris Bank wants to let us “Enjoy More Summer Fun” by skipping a car payment. That sounds like a pretty terrible reason to stop repaying any kind of loan. Why a reputable bank would encourage frivolous spending in the middle of a terrible [...]

Earn 2.65% With The Best 2-Year CD Rates

DealMaven — Mon, 29 Jun 2009 13:23:39 +0000

This summer’s highest yields on 24-month certificates of deposit wouldn’t have made it into our top three just a couple of months ago. But they still pay significantly more than the national average of 1.47% APY for 24-month CDs — and you’ve got to earn more than that. The best 24-month CD rates currently available nationwide are: 2.65% [...]

Have $10 A Month Added To Your Savings

Bankrate — Sun, 28 Jun 2009 14:05:06 +0000

Umpqua Bank, which has scores of branches throughout the Pacific Northwest, has come up with a new incentive to save more. Open a “Sweet Saver” savings account and free checking account before August 28, 2009. Then have at least $50 a month automatically transferred from your checking account to your savings account. Umpqua will reward your thrift [...]

Colonial Bank Offers 2.50% On 1-Year CDs

DealMaven — Sat, 27 Jun 2009 13:45:10 +0000

This southern bank has come up with one of the best CD rates around for short-term deposits. Colonial Bank is offering 2.50% APY on a 12-month certificate of deposit with a minimum deposit of $500. That’s better than the top-paying nationally available rate of 2.30%, and more than twice the national average of 1.16% for a [...]

Top CD Rates From Four Small Banks

DealMaven — Fri, 26 Jun 2009 14:19:09 +0000

All of the best CD rates are being paid by community banks and thrifts these days. Unlike the big banks, which have received billions of dollars worth of cheap capital and loans from the federal government, the little guys need your money. A few small banks make their top-paying certificates of deposit available to savers nationwide. But most [...]

CD rates resume their slide this week

CrankySaver — Thu, 25 Jun 2009 15:02:58 +0000

CD rates resumed their slide this week, indicating that they still haven’t bottomed out. Bankrate’s weekly survey of large banks and thrifts taken June 24 found the average annual yield for a: Three-month CD declined to 0.58% from 0.60% the previous week. That’s the lowest average since Bankrate began tracking 3-month CD rates in March 1989. Six-month [...]

Earn 2.76% APY With A “Rising Rate” CD

DealMaven — Wed, 24 Jun 2009 13:02:55 +0000

First Midwest Bank caught our eye with a novel 32-month certificate of deposit whose rate increases every eight months. The “Rising Rate CD” starts with a not-bad 1.76% APY, graduates to 2.05% APY for the second eight months, then goes to 3.05% APY and finally to 4.05% APY. It works out to an average annual return [...]

TotalBank Leaps To Top Of CD Rates

DealMaven — Tue, 23 Jun 2009 19:03:13 +0000

This South Florida bank is making a big splash with the best CD rates available on four different types of certificates of deposit. TotalBank is paying 2.55% APY on 3-, 6-, 9- and 12-month CDs, with just a $1,000 minimum deposit. That is not only two to three times the national average for those four types of [...]

Small Banks Lower Top CD Rates

CrankySaver — Mon, 22 Jun 2009 17:05:19 +0000

We’ve seen it happen time and time again. A successful small bank offers a couple of great CD rates to depositors nationwide and gets buried in applications. Overwhelmed by the paperwork and the influx of cash, the bank quickly cuts its rate or starts refusing out-of-state deposits. The banks that topped our latest listings of the best 6-month [...]

Earn 2.50% With Top 6-Month CD Rates

DealMaven — Mon, 22 Jun 2009 13:00:26 +0000

Six-month CD rates have slumped to record lows the summer. The average return is a depressing 0.89% APY, the lowest it’s been since Bankrate began tracking 6-month CD rates in January 1984. But you can still earn 2%, or close to it, on these short-term certificates of deposit if you take advantage of the very best [...]