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Bank Deals for January 3rd, 2009

January 3rd, 2009

2008 was a rough year for banks. With a lot of big banks failing and interest rates dropping to an all time low, we can only hope that 2009 will be better. To get the most out of 2009 here are the best banking deals as of January 3rd, 2009.

CD Rates

CD rates dropped this week again with the best CD rates being Navy FCU’s 5.1% APY 7 year CD and Consumers CU’s 5% 59 month CD. For shorter term CDs DollarSavingsDirect is offering a 4% 16 month CD, America’s CU has a 4% 7 month CD and Western FCU has a 13 month CD at a rate of 4.05%. Here’s a run down of all the CD offers:

  1. 5.10% 84-mo CD at Navy FCU
  2. 4.75% 60-mo CD at Mountain America CU
  3. 4.70% 60-mo CD at Acacia Federal Savings Bank
  4. 4.25% 22-mo / 5.00% 59-mo CD at Consumers CU
  5. 4.05% 13-mo CD at Western FCU
  6. 4.00% 7-mo CD at America’s CU
  7. 4.00% 16-mo CD at DollarSavingsDirect
  8. 3.85% 12-mo CD at Imperial Capital Bank
  9. 3.75% 6-mo CD at Navy FCU

Savings Account Rates

Savings account rates also fell with only DollarSavingsDirect and Broadway Federal Bank offering 4% on their savings accounts. Here are the list of savings account rate changes during this week:

Rate Increases

UFB Direct MMA – 3.30% (+1.15%)

Rate Decreases

  1. Corus Bank – 3.55% (-.1%)
  2. Alliant CU – 3.25% (-.25%)
  3. Smartypig – 3.25% (-.65%)
  4. Provident Direct – 3.25% (-.5%)
  5. Bank Provident Online – 3.00% (-.3%)
  6. Amboy Premium Savings – 2.79% (-.16%)
  7. Grand Yield Direct – 2.75% (-.25%)
  8. GCF Bank 3-mo promo – 2.75% (-.25%)
  9. IndyMac e-Money Market – 2.70% (-.05%)
  10. Heartland Direct – 2.55% (-.5%)
  11. Mutual Bank MMA – 2.50% (-.25%)
  12. ING Direct Savings – 2.50% (-.25%)
  13. UFB Direct Traveler Savings – 2.00% (-1.15%)
  14. UFB Direct Savings – 2.00% (-.5%)
  15. AARP Savings – 2.00% (-.5%)

Best Liquid Account Rate (Checking/Savings/Money Market)

Broadway Federal Bank – 4.08% ($1,000 minimum)

7 Year CD

Navy FCU
– 5.10% ($20,000 minimum)

2-5 Year CD

Christian Community CU – 5.00% ($1,000 minimum)

7-18 Month CD

Christian Community CU – 4.50% ($1,000 minimum)

4 Month CD

Digital Credit Union – 3.25% ($500 minimum)

Banking Summaries

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