ProBargainHunter.com

This is another update from BankDeals — my favorite banking blog. On average the rates have come down compared to July when I did an update last time. The long term CD’s are affected the most. Market is obviously betting on Fed to keep cutting rates in the near future.

Noticeably, H&R Block and Countrywide are two banks with great CD rates. These two banks have been significantly affected by the sub-prime crisis and aggressive CD rates is a way for them to fix liquidity problems (read more: CNN Money on Countrywide, Reuters on H&R Block).

Checking/Savings/Money Market Accounts:

• EverBank - 6.01% ($1.5k min), info
• UmbrellaBank - 5.50% ($100 min), info
• Countrywide - 5.50% (min $10K), info

3-Month Certificates of Deposit:

• IndyMac Bank - 5.65% (4 months) (min $5K), info
• Countrywide - 5.35% (min $10K), info
• VirtualBank - 5.23% (min $10K), info

6-Month Certificates of Deposit:

• Countrywide - 5.65% (min $10K), info
• Flagstar - 5.36% (min $500), info
• Northrop Grumman FCU - 5.34% (min $40K), info

9-Month Certificates of Deposit:

• IndyMac Bank - 5.50% (min $5K), other restrictions, info
• Patelco CU - 5.50% ($1K min), not NCUA insured, info
• Countrywide - 5.45% (min $10K), info

12-Month Certificates of Deposit:

• Countrywide - 5.65% (min $10K), info
• Melrose CU - 5.35% (min $5K), info
• Western FSU - 5.32% (min $40K), info

18-Month Certificates of Deposit:

• H&R Block Bank - 5.35% ($250 min), info
• First State Bank - 5.25% (min $1K), info
• Flagstar - 5.25% (min $500), info

24-Month Certificates of Deposit:

• H&R Block Bank - 5.35% ($250 min), info
• Western FSU - 5.28% (min $40K), info
• Northrop Grumman FCU - 5.28% ($40K min), info

36-Month Certificate of Deposit:

• H&R Block Bank - 5.50% ($250 min), info
• CU of Georgia - 5.33% (min $50K), info
• Air Force FCU - 5.30% (min $12.5K), other restrictions, info

48-Month Certificate of Deposit:

• H&R Block Bank - 5.50% ($250 min), info
• CU of Georgia - 5.33% (min $50K), info
• Western FSU - 5.27% (min $40K), info

60-Month Certificate of Deposit:

• Western FCU - 5.64% (min $40K), info
• H&R Block Bank - 5.50% ($250 min), info
• CU of Georgia - 5.43% (min $50K), info

Source: Bank Deals Weekly Summary for October 27, 2007 at BankDeals