Bank Of Internet CD & Savings Rates

Current CD and savings rates and terms at Bank Of Internet.

==> " CD Rates at Bank Of Internet " as of 7/28/09 <==

Term	APY	Rate
3 to 5 months	0.750%	0.750%
6 to 11 months	1.200%	1.190%
12 to 23 months	1.700%	1.690%
24 to 35 months	2.000%	1.980%
36 to 47 months	2.250%	2.230%
48 to 59 months	2.150%	2.130%
60 month	2.850%	2.810%

more at Bank Of Internet

==> " High Yield Savings at Bank Of Internet " as of 7/28/09 <==

Account Balance	APY	Rate
$1-$9,999	2.250%	2.230%
$10,000-$24,999	2.250%	2.230%
$25,000-$49,999	2.250%	2.230%
$50,000-$99,999	2.250%	2.230%
$100,000+	2.250%	2.230%

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework!

Contact info and more at Bank Of Internet

Provident Credit Union CD Rates

Current CD rates and terms at Provident Credit Union

==> " Provident CU Money Market Certificates " <== as of 7/14/09

Term in Months	Minimum	APY
3	$1,000	0.500%
6	$1,000	0.750%
7 Liquid	$5,000	0.650%
9	$1,000	0.900%
12	$1,000	1.300%
12 Add-On	$250	1.000%
12 Deferred Dividend	$500	1.292%
13 Liquid	$5,000	0.950%
15	$1,000	1.400%
16	$1,000	1.400%
18	$1,000	1.400%
24	$1,000	1.750%
36	$1,000	2.500%
48	$1,000	2.250%
60	$1,000	2.250%

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework!

Contact info and more at Provident Credit Union CD Rates

CDs Available Through Fidelity Brokerage

Many people like to have all their investments summarized on a single, monthly statement. Also, they don't want to open accounts at numerous banks all over town so they stay under the current $250,000 FDIC and NCUA limits. For a small fee, usually a fraction of a percent of the interest you are paid, brokers like Fidelity and Schwab will buy CDs for you and track them in your monthly statement.

Here is an example of CDs, rates and terms currently available at Fidelity.

Name             Rate Frequency  Maturity   CP
FirstBank PR     .25%  Monthly  10/22/2009 Yes**
Bank of America  .60%  Maturity 04/22/2010 Yes**
GE Capital Fin.  .90%  Maturity 07/16/2010 Yes**
Barclays Bank   1.35%  Semi     01/24/2011 Yes**
Discover Bank   1.60%  Semi     07/22/2011 Yes**
Katahdin Trust  3.05%  Monthly  07/24/2014 Yes**

**CP = Call Protected: "Yes" means the CD is not callable. Call Protected "No" means the CD is callable.

Banks often offer better rates if you deal directly with them since they will have an opportunity to sell you another CD when your CD with a special rate matures. For example, the 2-year CD from Discover Bank only pays 0.90%. Go directly to Discover Bank and you can get 2.50%!

• Discover Bank CD Rates
  

Also note the 1-YR CD only pays 0.90%. By going direct, you can get over 2.0% APY for a 1-yr CD at several banks:

• New Dominion Direct Bank 1-YR CD currently @ 2.26%
  
• Ally Bank 1-YR CD currently @ 2.25%

Credit Unions are also worth checking. One of our favorites:

• Pentagon Federal CU 1-YR CD currently @ 2.00%

Best CD Rate Update - NewDominionDirect Has Highest 1-YR Rate

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 7-year certificates of deposit that currently pay 4.00% APY.

For shorter term, NewDominionDIRECT , has a 1-year CD with a 2.26% annual percentage rate.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	7/6/09	0.28%	Vanguard Prime Money Market Fund
Tax Exempt	7/6/09	0.31%	Vanguard Tax Exempt Money Market Fund
High Yield MM	7/6/09	2.30%	Tennessee Commerce Bank in Franklin, TN
3-Month Treasury	7/6/09	0.16%	US Treasury Rates at a glance
6 Months	7/6/09	1.80%	Ally Bank
6-Month Treasury	7/6/09	0.28%	US Treasury Rates at a glance
1 Year	7/6/09	2.26%	NewDominionDIRECT & Ally Bank @ 2.25%
1 Year Treasury	7/6/09	0.45%	US Treasury Rates at a glance
18 - Months	7/6/09	2.30%	Discover Bank
2 Years	7/6/09	2.65%	Tennessee Commerce Bank
2 Year Treasury	7/6/09	0.94%	US Treasury Rates at a glance
3 Years	7/6/09	3.10%	Discover Bank
3-Yr Treasury	7/6/09	1.45%	US Treasury Rates at a glance
4 Years	7/6/09	3.45%	Tennessee Commerce Bank
5 Years	7/6/09	3.65%	Tennessee Commerce Bank
5 Yr Treasury	7/6/09	2.39%	US Treasury Rates at a glance
7 Years	7/6/09	4.00%	Pentagon Federal CU
7 Yr Treasury	7/6/09	3.12%	US Treasury Rates at a glance
10 Yr Treasury	7/6/09	3.50%	US Treasury Rates at a glance
10 Years	7/6/09	3.75%	Discover Bank
30 Yr Treasury	7/6/09	4.35%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.

Current COFI: 11th District Cost of Funds Index

Yesterday, the Federal Home Loan Bank of San Francisco announced its 11th District Cost of Funds Index surged 33% in May to 1.832% from its record April 2009 low of 1.38%. The data was made available on June 30, 2009.

According to the Federal Home Loan Bank of San Francisco:

The 11th District Monthly Weighted Average Cost of Funds Index (COFI: 11th Districty Cost of Funds Index History ) is one of many indices used by mortgage lenders to adjust the interest rate on adjustable rate mortgages. The COFI is computed from the actual interest expenses reported for a given month by the Arizona, California, and Nevada savings institution members of the Federal Home Loan Bank of San Francisco that satisfy the Bank's criteria for inclusion in the COFI.

Index Month	Index Value
May 2009	1.832
April 2009	1.380
March 2009	1.627
February 2009	2.003
January 2009	2.455
December 2008	2.757
November 2008	3.155
October 2008	3.125
September 2008	2.769
August 2008	2.693
July 2008	2.698
June 2008	2.829
May 2008	2.918
More Data	Here

The Federal Home Loan Bank of San Francisco first published the 11th District Monthly Weighted Average Cost of Funds Index on August 28, 1981, for the month of July 1981.

HSBC CD Rates

Current CD rates and terms at HSBC Bank.

==> " Online CD Rates at HSBC Bank " as of 7/1/09 <==

Term	APY
3 Months **	0.25%
4 Months **	0.25%
6 Months **	1.25%
7 Months **	1.25%
8 Months **	1.25%
9 Months **	1.35%
11 Months **	1.35%
1 Year plus 1 day **	2.00%
13 Months **	2.00%
15 Month **	2.00%
2 Years **	1.60%

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework!

Contact info and more including "Branch CD Rates" at HSBC Bank Rates