So today we'll take a look at the sunny state of Florida and see if the On-Line CD Rates in Florida can put a smile on our face.
Florida may actually be a good candidate for higher CD yields. They have been hit hard with bad mortgages, which means there are probably some struggling banks. Often times, struggling banks have to offer high interest rates to bribe people to open CDs with them. Honestly, now may be a reasonable time to start taking a look at semi-troubled banks. CD rates will most be starting to increase sometime next year. If the bank fails in during a rising rate environment, you'll get your money back and be able to re-invest them in a higher yielding CD.
BankUnited, Coral Gables -- 7-month CD at 2.25% APY and 1-year CD rate at 2.65% APY. FDIC# 32247
$13 Billion in Assets, but over $1 Billion loss. Rated 1-star. I would have liked
to have seen a little better rate for the risk.
Site
EverBank, Jacksonville, FL -- FDIC# 34775. Their traditional rates aren't very good. They usually offer some pretty innovative CDs though such as the World Currency CD. You can open a certificate of deposit in different currency such as the British Pound and potentially earn higher interest if the exchange rate is favorable. Lately, I don't think these have been such a good deal. But a couple of years ago they were. They also offer the MarketSafe CD. These CDs are linked to various stock indexes. You have FDIC protection, but have some upside potential if the indexes move favorably. Just read all of the fine print. $7.05 Billion in Assets, $56 Million profit, and good ratios.
Site
City National Bank of Florida, Miami, FL -- FDIC# 20234. The claim to be the only bank with an A+ rating according to TheStreet.com. Sadly, no rates were posted on the web. So they may have a good rating, but we can't determine the interest rates on-line, which is what this site is about. Bankrate.com gives them a 5-star.
Site
IronStone Bank, Fort Meyers -- FDIC# 34340. $2.5 Billion in assets with a $28.9 Million dollar loss. They are well capitalized. The don't have good CD rates, but the Money Market rate is 2.25%. Based on the low certificate rates, I would tend to conlude the Money Market offer is a teaser rate, and likely to drop shortly.
Site
Atlantic Southern Bank, Jacksonville, FL-- FDIC# 57213. They have some pretty good rates. Especially the 7-month special of 2.70% APY and 13-month certificate of deposit at 3.00% APY. Assets are $990 Million and they are profitable with $809K. They are based in Georgia, but have branches in Florida. Hey, they've got good rates.
Site
Will that is it for this edition. Let me know if you find some high on-line CD Rates in Florida.
Best On-Line CD Rates
Tuesday, March 31, 2009
Monday, March 23, 2009
Best On-line CD Rates
Today we'll provide a smorgasbord of the Best On-line CD Rates.
And while I'm working hard to bring you some of the highest yields around, let me know what you find and I'll write a post about it so that we can share with everyone.
Alliant Federal Credit Union, Chicago, IL
Alliant consistently has high CD Rates. Currently they have a 3.15% APY for 1Y to 18mos and a 4.00% APY for a 4-year CD. You won't find many of those interest rates elsewhere. You do have to be a member of the credit union but they have nationwide membership through the National PTA. Site.
GMAC Bank, Midvale UT. Lately GMAC has had very competitive rates. They are currently offering a 2.85% APY. That is down a little form last week, when it stood at 2.95% APY. They also have a 2-year CD at 3.05% APY. Site.
Acacia Federal Savings Bank,
Acacia has one of the top 5-year rates in the country. It currently stands at 3.80% APY. Although, anything near 4.00% is a good rate, 5-years maybe a little long in this environment. Although CD Rates are bound to stay low for 2-years or so, they will most likely go up way before the 5-year time period. If you already have plenty of CDs coming due in the next few years, a 5-year CD wouldn't be that bad of an idea. As the CDs come do, you can take advantage of higher yields if there are any. Site.
BankDeals has some nice rates posted.
They have Royal Asian Bank and Royal Bank America. They both have a 3.25% for a 17-month CD. They are owned by the same holding company, but separately insured.
Follow the link for Royal Asian or the link for Royal Bank America for more details. They require a branch visit, but have branches in PA, NJ, and NY.
BankVibe has a some good deals. Especially a high yielding checking account, 5.25% and the "Mega Money Market Account" at 3.10% APY. These are offered by RedNeck Bank. Yep, they are FDIC insured. Although, the real bank is Bank of Wichitas. RedNeck Bank is their on-line bank. It is a fun site, complete with an outhouse. The checkcard with the Donkey on the front would be fun, but I wonder how many stores would think it is a real card. The site is a hoot. I think I'm going to apply for the fun of it. That's their motto, "Where bankin's funner. Site.
That seems like a pretty good list of the Best On-line CD rates (with a smidgen of Savings/Checking to boot).
Let me know what you've got.
Also check out a new blog, Highest IRA CD Rates.
And while I'm working hard to bring you some of the highest yields around, let me know what you find and I'll write a post about it so that we can share with everyone.
Alliant Federal Credit Union, Chicago, IL
Alliant consistently has high CD Rates. Currently they have a 3.15% APY for 1Y to 18mos and a 4.00% APY for a 4-year CD. You won't find many of those interest rates elsewhere. You do have to be a member of the credit union but they have nationwide membership through the National PTA. Site.
GMAC Bank, Midvale UT. Lately GMAC has had very competitive rates. They are currently offering a 2.85% APY. That is down a little form last week, when it stood at 2.95% APY. They also have a 2-year CD at 3.05% APY. Site.
Acacia Federal Savings Bank,
Acacia has one of the top 5-year rates in the country. It currently stands at 3.80% APY. Although, anything near 4.00% is a good rate, 5-years maybe a little long in this environment. Although CD Rates are bound to stay low for 2-years or so, they will most likely go up way before the 5-year time period. If you already have plenty of CDs coming due in the next few years, a 5-year CD wouldn't be that bad of an idea. As the CDs come do, you can take advantage of higher yields if there are any. Site.
BankDeals has some nice rates posted.
They have Royal Asian Bank and Royal Bank America. They both have a 3.25% for a 17-month CD. They are owned by the same holding company, but separately insured.
Follow the link for Royal Asian or the link for Royal Bank America for more details. They require a branch visit, but have branches in PA, NJ, and NY.
BankVibe has a some good deals. Especially a high yielding checking account, 5.25% and the "Mega Money Market Account" at 3.10% APY. These are offered by RedNeck Bank. Yep, they are FDIC insured. Although, the real bank is Bank of Wichitas. RedNeck Bank is their on-line bank. It is a fun site, complete with an outhouse. The checkcard with the Donkey on the front would be fun, but I wonder how many stores would think it is a real card. The site is a hoot. I think I'm going to apply for the fun of it. That's their motto, "Where bankin's funner. Site.
That seems like a pretty good list of the Best On-line CD rates (with a smidgen of Savings/Checking to boot).
Let me know what you've got.
Also check out a new blog, Highest IRA CD Rates.
Wednesday, March 18, 2009
On-Line CD Rates TX (Texas)
So today we'll bring you some on-line CD Rates in TX. Texas is a big state, so does that mean big interest rates. I've heard their cockroaches are as big as boulders and their spiders are the size of cars. My favorite are the Bus sized Jackolopes. But I digress. Let's check out the bank rates.
Comerica Bank - Dallas, TX (FDIC# 983)
First thing to notice is the FDIC#. This bank was established on March 5, 1849. That's old. They started out as The Detroit Bank and Trust company. They changed their name in 1982 to Comerica Bank-detroit (Yep, with a little "d"). They gobbled up just about every bank in Michigan. In 1991, they dropped "-detroit". They continued to gobble up banks in MI,CA, FL, and TX. Finally, in 2007 Comerica Bank moved to TX. They are big, about $67.6 Billion, but they aren't native to TX. They have 1.00% APY for up to 1Y and a 2.00$ APY for a 2-year CD to 10-year CD. They were profitable for the year though. That is rare these days.
Site
USAA Federal Savings Bank - San Antonio, TX (FDIC# 32188)
USAA was established in 1983. They are about $32.6 Billion and also profitable. Maybe it is a Texas thing. Big states, big profit. They are native to TX. Maybe some good 'ol Texas pride will help the rates. USAA FSB has a 1-Year at 2.25% APY and a 2-year at 2.45% APY. Not bad. A 4-year Jumbo IRA is paying 3.00% APY. With Fed funds at basically 0%, that is pretty good. Although USAA is not open to everyone. You have to be a part of the military or a family member of someone in the military.
Site
Texas Capital Bank, NA - Dallas, TX (FDIC# 34383)
Texas Capital is one of the babies of the bunch. They were established in 1997, but are already $5.1 Billion in assets. And another profitable Texas Bank. But sadly, the rates are awful. Top rate is 1.21% APY. I'm really starting to worry here.
Site
Guaranty Bank - Dallas, TX (FDIC# 32618)
Guaranty Bank has an interesting product, the JumboUp CD. It is a step-up CD and only requires a Max deposit of $10,000. They have a 16-month and 24-month option. The rates step-up every 4-months and 6-months respectively. They end up averaging out to a respective 2.22% APY and 2.32% APY. One problem is, Guaranty Bank also has a 1-year and 16-month CD that are paying a better yield. However, the step-up (or JumboUp) 24-month CD pays a higher yield than the fixed 2-year term. They were established in 1988. They are about $15 Billion in assets. They do have a loss of about $420 Million. Ouch. That is way down from an $89 Million dollar profit in 2007. Some bad bets were made somewhere.
Site
The American National Bank of Texas - Terrell, TX (FDIC# 23474)
I just loved the name of the bank. But hopefully, it doesn't become an omen for nationalizing the banking system. ANB of TX is about $2 Billion in assets and profitable. So it certainly seems that for the most part, TX has a solid set of banks. American National was established in 1981. With a name like, "The American National Bank", I thought for sure this would be an oldie. I had to send an email asking for rates, so I'll post those later.
Site
Please leave any good rates you find in the comment section. Sharing is good.
So the Big Texas Banks, did not come through with big TX CD Rates. At least there is the Jackolope.
On-line CD Rates TX has been brought to you by BankMan.
Comerica Bank - Dallas, TX (FDIC# 983)
First thing to notice is the FDIC#. This bank was established on March 5, 1849. That's old. They started out as The Detroit Bank and Trust company. They changed their name in 1982 to Comerica Bank-detroit (Yep, with a little "d"). They gobbled up just about every bank in Michigan. In 1991, they dropped "-detroit". They continued to gobble up banks in MI,CA, FL, and TX. Finally, in 2007 Comerica Bank moved to TX. They are big, about $67.6 Billion, but they aren't native to TX. They have 1.00% APY for up to 1Y and a 2.00$ APY for a 2-year CD to 10-year CD. They were profitable for the year though. That is rare these days.
Site
USAA Federal Savings Bank - San Antonio, TX (FDIC# 32188)
USAA was established in 1983. They are about $32.6 Billion and also profitable. Maybe it is a Texas thing. Big states, big profit. They are native to TX. Maybe some good 'ol Texas pride will help the rates. USAA FSB has a 1-Year at 2.25% APY and a 2-year at 2.45% APY. Not bad. A 4-year Jumbo IRA is paying 3.00% APY. With Fed funds at basically 0%, that is pretty good. Although USAA is not open to everyone. You have to be a part of the military or a family member of someone in the military.
Site
Texas Capital Bank, NA - Dallas, TX (FDIC# 34383)
Texas Capital is one of the babies of the bunch. They were established in 1997, but are already $5.1 Billion in assets. And another profitable Texas Bank. But sadly, the rates are awful. Top rate is 1.21% APY. I'm really starting to worry here.
Site
Guaranty Bank - Dallas, TX (FDIC# 32618)
Guaranty Bank has an interesting product, the JumboUp CD. It is a step-up CD and only requires a Max deposit of $10,000. They have a 16-month and 24-month option. The rates step-up every 4-months and 6-months respectively. They end up averaging out to a respective 2.22% APY and 2.32% APY. One problem is, Guaranty Bank also has a 1-year and 16-month CD that are paying a better yield. However, the step-up (or JumboUp) 24-month CD pays a higher yield than the fixed 2-year term. They were established in 1988. They are about $15 Billion in assets. They do have a loss of about $420 Million. Ouch. That is way down from an $89 Million dollar profit in 2007. Some bad bets were made somewhere.
Site
The American National Bank of Texas - Terrell, TX (FDIC# 23474)
I just loved the name of the bank. But hopefully, it doesn't become an omen for nationalizing the banking system. ANB of TX is about $2 Billion in assets and profitable. So it certainly seems that for the most part, TX has a solid set of banks. American National was established in 1981. With a name like, "The American National Bank", I thought for sure this would be an oldie. I had to send an email asking for rates, so I'll post those later.
Site
Please leave any good rates you find in the comment section. Sharing is good.
So the Big Texas Banks, did not come through with big TX CD Rates. At least there is the Jackolope.
On-line CD Rates TX has been brought to you by BankMan.
Friday, March 13, 2009
On-line Bank CD Rates NJ (New Jersey)
So your looking for some on-line bank CD rates in NJ are, ya? You've come to the right place. Remember though, since you are focusing on bank interest rates that are available on-line, you don't need to focus in one state. The power of the internet allows you to access your bank accounts anywhere in the US. Most banks even have a feature will you can transfer funds electronically, bank-to-bank with no fee. Sweet!
TD Bank CD Interest Rates
1-year at 1.75% APY
13-months at 2.25% APY (not a bad rate)
5-year at 3.50% APY
Site
Sovereign Bank CD Interest Rates
6-month at 2.00% APY (that's pretty good)
1-year at 2.50% APY
Location: Numerous New Jersey Locations
Site
Roebling Bank
15-month at 2.15% APY
18-month at 2.20% APY
5-year at 3.75% APY
Location: Roebling Bank
Site
Navy Credit Union (Membership requirements apply)
6-month at 3.00% APY
1-year at 3.75% APY (smokin' hot)
Location:
Site
Also check out On Line CD Rates Florida
If you find a good rate, please leave a comment and I'll feature it. Let's share.
TD Bank CD Interest Rates
1-year at 1.75% APY
13-months at 2.25% APY (not a bad rate)
5-year at 3.50% APY
Site
Sovereign Bank CD Interest Rates
6-month at 2.00% APY (that's pretty good)
1-year at 2.50% APY
Location: Numerous New Jersey Locations
Site
Roebling Bank
15-month at 2.15% APY
18-month at 2.20% APY
5-year at 3.75% APY
Location: Roebling Bank
Site
Navy Credit Union (Membership requirements apply)
6-month at 3.00% APY
1-year at 3.75% APY (smokin' hot)
Location:
Site
Also check out On Line CD Rates Florida
If you find a good rate, please leave a comment and I'll feature it. Let's share.
Friday, March 6, 2009
On-line Bank CD Rates Michigan
Michigan is a state that at times has very good on-line CD Rates.
Check-out these On-line Bank Rates:
Mercantile Bank of Michigan -- They have a "Get a Bigger Wallet" special. They are offering a 1Y CD for 3.33% APY. I don't think you'll need a bigger wallet, but that is a great rate in these times. It may require a branch visit, but they have quite a few spread through Michigan State.
Tel Com Credit Union -- This place has offered some real whoppers at times. Lately their specials have been limited to MI residents or current members. Membership is open to anybody anywhere, you may want to become a member just so that you are ready when they offer a gang-buster. It is only $7 for membership. They have a 5-year, 3.75% APY CD.
Here take a break and enjoy some bank poking fun. There is a series of these bank videos and they are hilarious.
Okay back to some more Michigan Bank CD Rates:
Huntington National Bank has a 13-month special at 2.75% APY. That is decent. But you may want to keep looking.
Flagstar Bank has a 12-17-month special at 1.75% APY. The rate stinks, but you'll walk-away with a free HDTV. That's impressive. They also have a 4Y at 3.25%. Not Bad.
Well that is it for today. I hope you enjoy the video. Leave a comment if you come across a good Michigan on-line CD Rate or any other state for that matter.
Also check-out On-Line Bank CD Rates California (CA).
Check-out these On-line Bank Rates:
Mercantile Bank of Michigan -- They have a "Get a Bigger Wallet" special. They are offering a 1Y CD for 3.33% APY. I don't think you'll need a bigger wallet, but that is a great rate in these times. It may require a branch visit, but they have quite a few spread through Michigan State.
Tel Com Credit Union -- This place has offered some real whoppers at times. Lately their specials have been limited to MI residents or current members. Membership is open to anybody anywhere, you may want to become a member just so that you are ready when they offer a gang-buster. It is only $7 for membership. They have a 5-year, 3.75% APY CD.
Here take a break and enjoy some bank poking fun. There is a series of these bank videos and they are hilarious.
Okay back to some more Michigan Bank CD Rates:
Huntington National Bank has a 13-month special at 2.75% APY. That is decent. But you may want to keep looking.
Flagstar Bank has a 12-17-month special at 1.75% APY. The rate stinks, but you'll walk-away with a free HDTV. That's impressive. They also have a 4Y at 3.25%. Not Bad.
Well that is it for today. I hope you enjoy the video. Leave a comment if you come across a good Michigan on-line CD Rate or any other state for that matter.
Also check-out On-Line Bank CD Rates California (CA).
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