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

Small Bank, Good Odd-Term CD Rates

DealMaven — Thu, 12 Nov 2009 16:00:36 +0000

A small bank in central Kentucky has two odd-term CD rates that are well worth considering Century Bank Direct is paying 2.25% APY on a 15-month certificate of deposit with a $1,000 minimum deposit. This beats the 2.10% APY you can earn with the best, nationally available 12-month CDs from Amboy Direct and UmbrellaBank. Century Direct is also [...]

Hugely Talented And Richly Compensated

CrankySaver — Wed, 11 Nov 2009 16:43:29 +0000

How long does it take 16 of the biggest names in sports to make as much as you do in an entire year? Go to ESPN Salary Crunch, pick your favorite star, enter your annual income and prepare to be humbled. If you’re not a grossly overpaid bank executive you’ll need a stopwatch, not a calendar, to [...]

CD Rates Take Break From Relentless Fall

CrankySaver — Tue, 10 Nov 2009 21:23:24 +0000

Four of the five average CD rates we track remained unchanged this week, giving savers a brief reprieve from the past year’s relentless decline. The return on 12-month certificates of deposit was the only one to change — and of course it fell to yet another record low. Bankrate’s weekly survey of large banks and thrifts taken [...]

Top 6-Month CD Rates Turn For The Worse

RateRunner — Mon, 09 Nov 2009 17:27:57 +0000

Finding good deals on any certificate of deposit is a chore, but 6-month CD rates have been particularly hard hit. Just five weeks ago, our October ranking of the best 6-month CDs was led by H&R Block Bank’s 2.00% APY. Now Block is paying 1.00% APY. Country Bank has cut its rate from 1.80% APY to 1.60% [...]

Earn 2.50% With Savings/Checking Combo

RateRunner — Sun, 08 Nov 2009 14:15:31 +0000

You can land a $50 bonus and top rate with Ridgestone Bank’s checking and savings account combo. Its Momentum Savings account pays 2.50% APY on balances between $2,500 and $50,000. That beats the best nationally available savings account rate and matches the best returns on 24-month CDs. To qualify for that rate you have to open a Momentum [...]

Discover Motiva Pays You To Pay On Time

CardShark — Fri, 06 Nov 2009 21:15:23 +0000

The Discover Motiva credit card has an intriguing bonus for anyone who carries a balance. Pay at least the minimum due on time for six months and Discover will return your last interest payment. That bonus can be credited to your credit card account, electronically deposited in a checking or savings account, or claimed through gift [...]

Show Your Disgust With Corporate Greed While Earning Valuable Reward Points

CrankySaver — Thu, 05 Nov 2009 20:31:13 +0000

Jon Stewart begins this segment of The Daily Show by worrying that we’re never going to see any serious reform of the banking and financial industry. “You get the sense they want to preserve as many loopholes as possible,” Stewart says. “It’s kind of like we’re going to cut down on robberies. From now on [...]

No Help From Fed As CD Rates Slide Again

CrankySaver — Thu, 05 Nov 2009 16:57:58 +0000

The Federal Reserve said it will continue to hold interest rates down for an “extended period” as CD rates reached new record lows this week. The Fed’s rate-setting committee met on Wednesday and concluded that the weak economic recovery continues to make cheap credit more important than reasonable returns for investors. As a result, prudent savers will [...]

Frontier Alone At Top Of 2-Year CD Rates

DealMaven — Wed, 04 Nov 2009 18:40:44 +0000

Frontier Bank is now alone at the top of our rankings of the best 24-month CD rates. It did that by raising the best rate on its “Silver CDs” to 2.55% APY from 2.50% APY at a time most banks are lowering their returns. But you’ll need an awfully lot of money to take advantage of Frontier’s [...]

Top CD Rates Meet Rewards Checking

DealMaven — Tue, 03 Nov 2009 18:18:03 +0000

First National Community Bank has an intriguing offer that combines a high-yield checking account with attractive CD rates. It’s paying 4.01% APY on balances of up to $25,000 in its “Maximum Earnings” checking account. Anything over that earns a paltry 1.01% APY, which is quite typical for these kinds of accounts. But FNCB is also [...]

Top 36 Month CD Rates Hold At 3%

DealMaven — Mon, 02 Nov 2009 15:33:50 +0000

Hudson City Bank hasn’t cut its chart-topping 36-month CD rates for more than a month now. That’s noteworthy given the way other banks chopped their returns and CD rates fell in October. Hudson City, which has dozens of branches in New Jersey, New York and Connecticut, continues to pay 3.00% APY with a minimum deposit of [...]

Earn 1% Rebate With PerkStreet Checking

DealMaven — Sun, 01 Nov 2009 14:10:10 +0000

PerkStreet Financial is an odd little newcomer that does one thing, and one thing only: checking accounts. You can open an account with as little as $25 and pay no monthly fees as long as you use your account once a month. There’s also no charge for using any of the 37,000 ATMs in the STAR network [...]

Free Tacos Halloween Night!

CrankySaver — Sat, 31 Oct 2009 15:19:51 +0000

Taco Bell is my usual stop for Saturday lunch. But I may postpone today’s trip because Taco Bell’s offering everyone a free Black Jack taco from 6 p.m. to midnight. These babies usually cost 89 cents and I can’t find anything on the Taco Bell Web site that says you have to buy anything to get your [...]

Go House Hunting With A Buyer’s Agent

CrankySaver — Sat, 31 Oct 2009 14:15:14 +0000

If you’re thinking of purchasing a home, don’t go with just any real estate agent: Get a full-time buyer’s agent. One of the biggest advantages of working with a buyer’s agent is that you’re less likely to have any conflicts of interest. Unlike agents who represent buyers and sellers, buyer’s agents won’t steer you towards a home [...]

$100 Chase Checking Bonus Is Back

DealMaven — Fri, 30 Oct 2009 13:30:11 +0000

Chase has revived its $100 bonus for opening a checking account. All you need to do is open a Chase checking account with as little as $100 in new money. If you sign up for a basic “Chase Checking” account, all you have to do is establish one direct deposit, or make five debit card purchases, within [...]

Long-Term CD Rates Resume Decline

CrankySaver — Thu, 29 Oct 2009 15:46:23 +0000

Long-term CD rates fell in October, undercutting hope that the sharp delcine in savings rates that began with last year’s financial crisis might be over for at least some certificates of deposit. The average return on 5-year CD rates had risen slightly in August and September. But this week’s retreat leaves the average just four-hundredths of a [...]

Small Florida Bank Tops 1-Year CD Rates

DealMaven — Wed, 28 Oct 2009 14:30:27 +0000

Southern Commerce Bank has jumped to the top our rankings of the best, nationally available 12-month CD rates. The bank, with 11 branches throughout Florida, is paying 2.30% APY on a 12-month CD with a minimum deposit of only $500. That beats the 2.25% APY that MetLife Bank has been offering, with a hefty $25,000 minimum deposit. (ING [...]

Credit Cards Cutting Reward Programs

Jen Stryker — Tue, 27 Oct 2009 16:49:19 +0000

Here’s another way credit cards are abusing customers — reducing the value of their reward programs. The ability to earn points or miles towards everything from cash rebates to airline tickets is often touted in credit card ads. But the terms of how those points can be earned and redeemed can change at any time. With credit [...]

TotalBank Still Atop 3-Month CD Rates

DealMaven — Mon, 26 Oct 2009 15:15:47 +0000

TotalBank has led our rankings of the best 3-month CD rates for four months now, even though its returns have been steadily declining. The bank, which has 16 branches in the Miami area, was paying 2.55% APY when it claimed the top spot in June and 1.85% APY as recently as last month. Now it’s offering 1.65% [...]

New Offer Nearly Tops 24-Month CD Rates

RateRunner — Sun, 25 Oct 2009 14:00:14 +0000

Atlantic Coast Bank, which has a dozen branches in Georgia and Florida, has moved into our rankings of the best 24-month CD rates. It’s offer of 2.40% APR is a little shy of the top 2.50% APR being paid by Hudson City Savings Bank and Frontier Bank. But those banks require significant minimum deposits while you only [...]