As expected the Fed kept the federal funds rate at their all time lows. With the rate this low savings account and CDs are remaining at relatively low rates for February. Credit Unions continue to offer the best rates on CDs. Here are the best rates for savings and CDs:
Best Savings Account Rates in February 2009
- Broadway Federal Bank – 4.08% ($1,000 minimum)
- EverBank – 3.83% ($1,500 minimum) Everbank Bonus
- Clear Sky Accounts – 3.75%
- Bank of Internet – 3.51% ($100 minimum) Bank of Internet MMA Account
- Doral Bank Direct – 3.5% 3 month promo ($1,000 minimum)
Best CD Rates in February 2009
7 Year CDs
- Navy FCU – 5.1% ($20,000 minimum) Navy FCU Review
- Pentagon Federal CU – 4.39% ($1,000 minimum)
3-5 Year CDs
Christian Community Credit Union – 5% ($1,000 minimum) Christian Community Review
2 Year CD
Melrose Credit Union – 3.8% ($5,000 minimum)
6-18 Month CD
Christian Community Credit Union – 4.5% ($1,000 minimum)
3 Month CD
ebank – 2.5% ($1,000 minimum)
Category: Banking Summaries