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March 2009 Bank Deals

March 2nd, 2009

With February being a bad month for the stock market more people are going to be putting funds in their bank accounts which will in turn continue to drive the rates downwards. If you’re going to have your money in cash you should at least be getting the best of the best.

Best March Savings Account
The 4% savings rate is a thing of the past at this point. You’re lucky if you find a bank that has a rate above 3%. The two clear leaders right now are Everbank with a 3.57% interest rate and Broadway Federal Bank with a 3.56% rate.

Best March CDs
Just like savings rates, CD rates continued to drop in March. Here are the best rates for each term:

Best 7 Year CD

Pentagon Federal Credit Union – 4.39% ($1,000 minimum)


Best 5 Year CD

Mountain America Credit Union – 4.5% ($1,000 minimum)
Christian Community Credit Union – 4.5% ($1,000 minimum)


Best 4 Year CD

Christian Community Credit Union – 4.5% ($1,000 minimum)

Best 3 Year CD
Navy Federal Credit Union – 4.6% ($15,000 minimum)

Best 2 Year CD
Northwest Federal Credit Union – 3.75% (min $500)

Best 18 Month CD
Christian Community Credit Union – 3.5% ($1,000 minimum, $20,000 maximum)

Best 1 Year CD
Regal Financial Bank – 4% ($2,500 minimum)

Best 9 Month CD
Christian Community Credit Union – 3.5% ($1,000 minimum, $20,000 maximum)

Best 6 Month CD
Navy Federal Credit Union – 3.5% ($10,000 minimum)
Christian Community Credit Union – 3.5% ($1,000 minimum, $20,000 maximum)

Best 3 Month CD
eBank – 2.5% ($1,000 minimum)

Banking Summaries

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