Bank Deals blog released their latest roundup of accounts and interest rates. Here’s the highest yielding for each category. Be sure to check out the bank’s policies before opening an account, especially as some of these institutions are not exactly name-brand. — BEN POPKEN
Savings Accountt: E-LOAN – 5.50% ($5K min), info
3-Month Certificate of Deposit: EverBank – 6.01% ($1.5K min), checking account promo, info
7 Month Certificates of Deposit: NASA FCU – 5.80% (7 months) (min $15K), info
9-Month Certificate of Deposit: Patelco Credit Union – 5.75% ($1K min) (8 months), not NCUA insured, info
12-Month Certificate of Deposit: GTE FCU – 5.64% (min $500) (add-on feature) info
18-Month Certificate of Deposit: Mutual Bank – 5.40% (min $5K) info
36-Month Certificate of Deposit: Mutual Bank – 5.60% (min $5K) info
48-Month Certificate of Deposit: Fort Belvoir FCU - 5.59% (min $1K), info
60-Month Certificate of Deposit: Agriculture FCU – 6.00% (min $1K), info
Comprehensive list at Bank Deals.
also be sure to understand exactly what a Certificate of Deposit is, how they work, and how much they suck. Definately not a good place to put money.
If you don’t need the liquidity, they’re fine.