Bank Deals - Best Rates and Deals

tag:blogger.com,1999:blog-111038402009-07-10T21:17:36.817-07:00Bank Deals - Best Rates and DealsBank Deals was started by a guy who enjoys searching for the latest banking deals and the best rates.Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.comBlogger5000125tag:blogger.com,1999:blog-11103840.post-66996676469554166432009-07-10T20:16:00.000-07:002009-07-10T20:34:13.130-07:0053rd Bank Failure of 2009 - A Small Wyoming Bank

Compared to last week when there were seven failures, it was quiet today with only one failure of a small bank. The failed bank was the Bank of Wyoming which was located in Thermopolis, a small town with a population of only just over 3,000. Not only is the town small, but the county is also small with a population of under 5,000.The FDIC was able to find a bank to assume all deposits of Bank of

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-38096329814738643172009-07-10T11:19:00.000-07:002009-07-10T11:20:58.577-07:002.53% 13-Month Add-On CD at Prime Pacific Bank in Washington State - Local Only

Prime Pacific Bank is offering a special 13-month Add-on CD with a 2.53% APY. A checking account is required. Minimum deposit is $500, and there is no maximum deposit. Add-on deposits are allowed in increments of $500 without limit. This special doesn't seem to be listed at the bank's website. A reader emailed me info on this, and I just called for additional details. According to the CSR, the

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-23268678243663983292009-07-10T10:47:00.000-07:002009-07-10T10:49:26.609-07:003.00% 12-Month CD at First National Bank of the South in SC - Local Only

First National Bank of the South is offering another hot CD special. The rate is 3.00% APY with terms of 12, 13 and 15 months. Minimum deposit is $5,000, and the maximum is $250,000. New money is required. It doesn't seem to be listed at the bank's website. A reader emailed me info on this, and I just called the bank for additional details. The CSR did not know how much longer it would last.I was

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-48088391525013542842009-07-10T07:55:00.000-07:002009-07-10T07:57:33.960-07:00Another Rate-Cut Friday at Ally Bank

I'm afraid it's another rate-cut Friday at Ally Bank. The cuts may not all be due to the pressure from the FDIC. Several other banks continue to cut rates so the interest rate environment is also to blame. The online savings account rate dropped under 2% to 1.95% APY. The money market account rate also fell. It's now 1.70% APY (down from 1.80%). Most of the CD rates were cut. The no-penalty 9-

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com26tag:blogger.com,1999:blog-11103840.post-4408384695205256352009-07-10T07:53:00.000-07:002009-07-10T07:55:29.704-07:002.50% 12-Month CD & Competitive Money Market Account at RomAsia Bank in New Jersey - Local Only

RomAsia Bank is offering a 2.50% APY 12-month CD. Minimum deposit is $2,500. The rates for the other terms are not quite as good, but they're competitive. These include a 1.90% APY 3-month CD, a 2% APY 6-month CD, a 2.65% APY 18-month CD and a 2.75% APY 24-month CD. Higher rates may be available for Jumbo CDs with a $100K minimum.The bank also has a money market account with a 2.25% APY for

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-51557139987184689422009-07-10T07:52:00.000-07:002009-07-10T07:53:24.565-07:003.00% 30-Month CD at Gesa Credit Union in Washington State - Local Only

Gesa Credit Union is offering competitive rates on its mid-term and long-term certificate accounts. These include 2.46% APY for 24 months, 3.00% APY for 30 months and 3.53% APY for 60 months. Minimum deposit is $500 for the 24- and 60-month terms and $10,000 for the 30-month term. IRA certificate rates are also available, but the rates are lower. These rates are listed in the credit union's

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-27562189285223153052009-07-10T07:50:00.000-07:002009-07-10T07:52:20.197-07:00$125 Checking Account Bonus at Banco Popular - CA, FL, IL, NY & NJ

Banco Popular has a checking account bonus in which you can get up to $125 for opening their Totally Free Checking. To earn the full $125, the following is required:Up to $25 for your old debit card and unused checks at another bank$50 for adding direct deposit$50 for using Banco Popular's free online bill payThey're also giving away a free Thermos Cooler. This promotion is listed at Banco

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-16203350031559128762009-07-10T07:47:00.000-07:002009-07-10T07:50:01.094-07:002.36% 6-Month CD at South Florida FCU - Local Only

South Florida FCU is offering some very competitive short-term certificate rates. The most competitive include a 2.36% APY for 3 and 6 months, 2.41% APY for 9 months and 2.46% APY for 12 months. Minimum deposit is $500. These are also available as IRA certificates (except the 3 month term). There's also a money market account with a 2.52% APY. These rates are listed in the credit union's rates

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-8131382148805828952009-07-10T07:46:00.000-07:002009-07-10T07:47:53.141-07:002.10% 6-Month CD at St. Louis Bank - Local Only

St. Louis Bank is offering some competitive short-term CD specials. These include a 1.95% APY 3-month CD and a 2.10% APY CD with terms of 6 to 12 months. Minimum deposit is $10,000. These special CDs are listed in the bank's rate table as of 7/10/09.This bank has long offered very competitive CD specials. The specials do come and go quickly, so make sure to verify the rates with the bank before

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-8998605275088050942009-07-09T11:13:00.000-07:002009-07-09T11:16:10.926-07:003.00% 24-Month CD & Other High CD Rates at Signature Bank in New York City - Local Only

Signature Bank is still offering a 2.50% APY 12-month CD. In addition, the bank is offering other competitive rates including a 2.85% APY 18-month CD and a 3.00% APY 24-month CD. Minimum deposit is $5,000. These aren't specials, so you don't have to worry about other requirements like a checking account. The CD rates don't appear to be listed at the bank's website. A reader commented on these

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-65917273887629884502009-07-09T10:52:00.000-07:002009-07-09T10:55:19.522-07:003.90% 60-Month CD at RBC Bank in AL, FL, GA, NC, SC & VA - Local Only

RBC Bank is offering a special 3.90% APY CD 60-month CD. Minimum deposit is $5,000, and a checking account is required. The CD is also available in an IRA. There are Jumbo CD versions of these with a 3.90% rate with no compounding. The Jumbo minimum is $100,000. This rate is listed at the bank's rate sheet as of 7/09/09. According to the rate sheet, interest rates are valid through July 14, 209.I

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-18706399825285237262009-07-09T07:46:00.000-07:002009-07-09T07:50:32.791-07:004.01% Reward Checking Account at First Bank & Trust in SD - Nationally Available

First Bank & Trust is offering a reward checking account called easyGROW Checking. The account has the following rates and features if certain monthly requirements are met:4.01% APY on balances up to $25,0000.75% APY on portion of balance over $25,0000.20% base rate if monthly requirements are not metRefunds all ATM fees worldwide without limitThe monthly requirements include:10 Visa check card

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com2tag:blogger.com,1999:blog-11103840.post-61085646296478233552009-07-09T07:41:00.000-07:002009-07-09T08:33:56.560-07:002.50% 24-Month CD & a Checking Account Bonus at BBV Compass in AL, AZ, CO, FL, NM & TX

BBVA Compass is offering a competitive rate of 2.50% APY on its 2-year CD. Minimum deposit is $5,000. This rate is listed at the bank's rate table as of 7/09/09. Note, they have separate CD rate tables for the different regions. I've checked most of these, and they all have the 2.50% APY for the 24-month term. This is the only CD term with a competitive rate.Compass also has a promotion for

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com1tag:blogger.com,1999:blog-11103840.post-16541716094138445322009-07-09T07:39:00.000-07:002009-07-09T07:41:16.643-07:002.70% 24-Month CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only

Eastman Credit Union is offering some competitive certificate rates. The two most competitive are the 24-month term with a 2.70% APY and the 12-month term with a 2.25% APY. The 3-year term also has a competitive APY of 3.10%. The minimum deposit is $1,000. An extra 10 basis points is added for a Jumbo CD with a minimum of $100,000. These rates are listed in the credit union's deposit rates table

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-27821839148245630892009-07-09T07:38:00.000-07:002009-07-09T07:39:41.769-07:00Update on ING Direct's Electric Orange $50 Promotion

ING Direct has another $50 promotion for opening a new Electric Orange Checking account. A reader just forwarded me the promo info that ING Direct had emailed. The promo page is located at www.ingdirect.com/electric50, and the new reference code is EM295. The account must be opened by 7/31/2009.You're required to use your Electric Orange Debit Card Card to make at least 3 signature-based

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com2tag:blogger.com,1999:blog-11103840.post-47598783250405478932009-07-08T11:07:00.000-07:002009-07-08T11:16:51.443-07:00WTDirect's Online Savings Account Promotion - Nationally Available

WTDirect has started another new-account bonus similar to the promotions it ran last December and last August. As you might expect in this low-interest rate environment, the bonuses are quite a bit lower than what they offered before, but when you combine this new bonus with WTDirect's competitive rates and their online banking features, it's a decent deal in today's environment.Here's the link

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-35266015967374948752009-07-08T08:12:00.000-07:002009-07-08T08:17:46.904-07:00How the Big Banks and the Credit Unions Are Handling California's IOUs

Customers of the big banks in California may have problems after July 10th. That's the cutoff date in which many major banks plan to stop accepting California's IOUs (registered warrants). As described by the California State Controller's Office, the registered warrants are being issued due to the California government being unable to enact budgetary solutions to provide enough cash for the State

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com22tag:blogger.com,1999:blog-11103840.post-84082792877934892732009-07-08T08:04:00.000-07:002009-07-08T08:12:18.759-07:00$120 Checking Account Bonus at Comerica Bank

Comerica Bank is offering a promotion called the Sensible Stimulus Package. The promotion page is at comerica.com/Sensible. It says you can make up to $230, but based on what I've read and what I've been told by a Comerica CSR, only $120 would be doable and worthwhile for most people. The $120 checking bonus isn't too bad, but it will take some time and some work. To qualify for this promotion,

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com8tag:blogger.com,1999:blog-11103840.post-84842601060979881862009-07-07T17:35:00.000-07:002009-07-07T17:39:50.427-07:002.65% 15-Month CD at WashingtonFirst Bank in the DC Metro Area - Local Only

WashingtonFirst Bank is offering a special 15-month CD with a 2.65% APY. Minimum deposit is $10,000. This special is listed at the bottom right of the bank's home page as of 7/07/09. According to the small print, the APY is accurate as of July 6, 2009 so hopefully it'll last for a while. There's also a competitive 18-month IRA CD listed in the bank's deposit rates page as of 7/07/09.It appears a

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-82955168306707724132009-07-07T17:32:00.000-07:002009-07-07T17:35:45.859-07:002.50% 12-Month CD at Lowcountry National Bank in South Carolina - Local Only

Lowcountry National Bank is offering a special 2.50% APY 12-month CD. The bank also has this same rate for an 18-month CD which has a one-time bump-up option. This gives you the chance to request a one-time increase in the rate to the bank's current 12-month CD rate. Minimum deposit for both CDs is $1,000. These specials don't seem to be listed at the bank's website. They were advertised in

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-53348741637393146082009-07-07T07:00:00.000-07:002009-07-07T07:05:08.921-07:00Bank of Internet's New Advantage Savings Account with a 2.50% APY - Nationally Available

Bank of Internet USA has launched a new high yield savings account called Advantage Savings Account. As of 7/07/09 it pays 2.50% APY on all balances. The features are very similar to their High Yield Savings Account except that it also provides limited Bill Payment. It allows you to make up to 3 Bill Payments per month. The limit of 3 is likely due to Bill Payments being considered checks, and

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com13tag:blogger.com,1999:blog-11103840.post-41917664959224478382009-07-07T06:58:00.000-07:002009-07-07T07:00:15.405-07:002.52% 12-Month CD and a Competitive Money Market Account at Metro Phoenix Bank - Local Only

Metro Phoenix Bank is offering some competitive CD and IRA rates. The best deals are a 2.52% APY 12-month CD and a 2.78% APY 24-month CD. Minimum deposit is $5,000 for a regular CD and $2,000 for an IRA CD. They also have a competitive rate on their money market account. It's a tiered rate account with a 2.53% APY for balances of $100K to $1 million. These rates are listed in the bank's rate

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-59659416671139197182009-07-07T06:57:00.000-07:002009-07-07T06:58:16.151-07:004.50% Reward Checking Account at First United Bank and Trust Co. in Kentucky - Local Only

First United Bank and Trust Co is offering a reward checking account called First Rate Checking. It has the following rates and features if certain monthly requirements are met:4.50% APY on balances up to $25,0000.76% APY on portion of balance over $25,0000.15% base rate if monthly requirements are not metRefunds ATM fees nationwide without limitThe monthly requirements include:10 MasterCard

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0tag:blogger.com,1999:blog-11103840.post-47828309021072145502009-07-06T11:12:00.000-07:002009-07-10T06:58:08.907-07:002.50% 15-Month CD at Banco Popular in NY & FL - Local Only

Update 7/10/09: I called again this morning, and I was told the 2.50% APY 15-month CD is still available in NY. There's also a 2.00% APY 7-month CD special. Rates are lower for CA: 2.00% APY 15-month CD and 1.75% APY 7-month CD.Banco Popular is offering a 2.50% APY 15-month CD special. Minimum deposit is $1,000. This special isn't listed at Banco Popular's website. A reader mentioned seeing these

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com3tag:blogger.com,1999:blog-11103840.post-45265251175970889272009-07-06T07:02:00.000-07:002009-07-06T07:05:13.432-07:005.05% Reward Checking Account at The Community State Bank in Oklahoma - Local Only

The Community State Bank is offering a reward checking account called Smart Rewards Checking. It has the following rates and features if certain monthly requirements are met:5.05% APY on balances up to $25,0001.01% APY on portion of balance over $25,0000.50% base rate if monthly requirements are not metRefunds ATM fees nationwide without limitThe monthly requirements include:10 Visa check card

Banking Guyhttp://www.blogger.com/profile/14297114614529324881noreply@blogger.com0