Bank Deals December 27th, 2008
There have been a lot of reduced rates in bank account rates recently due to the Fed rate cut on December 16th. Here’s a list of all the changes:
CD Rates
Here’s a list of nationwide CD rates as of December 27th, 2008.
- 5.10% 5-year CD at Navy Federal Credit Union
- 4.75% 3-year CD at PenFed
- 4.15% 17-mo CD at Western Federal Credit Union
- 4.00% 6-mo CD at Navy Federal Credit Union
- 4.00% 7-mo Add-On CD at America’s Credit Union
- 4.00% 12-mo CD at Mountain America Credit Union
- 4.00% 12-mo CD at GMAC Bank
- 4.00% 16-mo CD at DollarSavingsDirect
Savings Account Rates
All savings accounts stayed the same or trended downwards with no accounts increasing their rates. 3 banks still have a 4% APY, DollarSavingsDirect and Everbank are two of those banks. Here are the list of savings accounts that cut their rates:
- Venture Bank Direct – 3.50% (-.1%)
- GMAC Bank Savings – 3.25% (-.5%)
- iGObanking – 3.08% (-.2%)
- Capital One/Costco Savings – 3.05% (-.32%)
- ETrade Savings – 3.01% (-.3%)
- OneUnited – 3.00% (-.35%)
- National City 6mo promo – 3.00% (-.25%)
- Capital One – 3.00% (-.25%)
- Nationwide Money Market Account – 2.97% (-.3%)
- FNBO Direct Savings 2.80% (-.45%)
- GMAC Bank Money Market Account – 2.75% (-.5%)
- IndyMac Money Market Account – 2.75% $25K+ (-.5%)
- M&T Bank savings – 2.75% (-.25%)
- Discover Money Market Account – 2.75% (-.15%)
- Citibank Ultimate Savings – 2.50% (-.25%)
- Capital One/Costco Money Market Account – 2.35% (-.75%)
- Capital One Money Market Account – 2.10% (-.65%)
- iGObanking checking – 1.75% (-.25%)
The Best Rate on Liquid Account (Checking/Savings/Money Market)
The best rate available today on a liquid account is a 4.08% APY offered by Everbank and Broadway Federal Bank.
The Best Rate on CDs by term
7 Year CD
Navy Federal Credit Union – 5.10% ($20,000 minimum) (5.25% $100,000+) restrictions to membership
5 Year CD
Navy Federal Credit Union – 5.10% ($20,000 minimum) (5.25% $100,000+) restrictions to membership
Apple Federal Credit Union – 5.10% (minimum $50,000)
2 to 4 Year CD
Christian Community Credit Union – 5.00% (minimum $1,000) not NCUA insured
6 to 18 Month CD
Christian Community Credit Union – 4.5% (minimum $1,000) not NCUA insured
3 Month CD
H&R Block Bank – 3.65% (minimum $5,000)
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