Home > Banking Summaries > Best Bank Deals for April 2009

Best Bank Deals for April 2009

April 1st, 2009

Last week we saw why you should never take out CDs from offshore banks. Caribbean-based Millenium Bank is currently under investigation by the SEC for running a Ponzi scheme on their clients for $68 million. Always get CDs from American banks and always stay below the FDIC insured limits. There have been 21 banks that have collapsed this year. Fortunately, 16 of those banks were taken in by other banks, but going over the FDIC limits is not a risk you should take at any bank. Here are the best bank deals for April 2009:

Best Savings Account Rate

Redneck Bank – 3.10% (on balances up to $35,000, 1.65% over $35,000) My Redneck Bank review.
Full list of savings accounts.

Checking Account Bonuses

Key Bank – Free Garmin GPS Checking Account Bonus – My Key Bank bonus review.
Full list of bank deals.

Best CD Rates

Best 3 Month CD Rate
Danvers Bank – 3.00% (4 month CD, $500 minimum)

Best 6 Month CD Rate
eBank – 2.40% ($1,000 minimum)

Best 9 Month CD Rate
One West Bank formerly Indymac – 2.65% ($5,000 minimum)

Best 1 Year CD Rate
Melrose Credit Union – 3.19% ($5,000 minimum)

Best 18 Month CD Rate
Southeast Financial Federal Credit Union – 3.25% ($500 minimum)

Best 2 Year CD Rate
Melrose Credit Union – 3.34% ($5,000 minimum)

Best 3 Year CD Rate
Alliant Credit Union – 3.75% ($25,000 minimum)

Best 4 Year CD Rate
Alliant Credit Union – 4% ($25,000 minimum)

Best 5 Year CD Rate
Melrose Credit Union – 4.06% ($5,000 minimum)

Best 7 Year CD Rate
Pentagon Federal Credit Union – 4% ($1,000 minimum)

My complete list of CD rates.

Banking Summaries

  1. No comments yet.
  1. No trackbacks yet.