Best May Bank Rates 2009

The best savings account dropped .05% from April’s best APY of 3.10% while most CD rates stayed the same with a couple rates falling and a couple rates rising.

Best Savings Account

Smarty Pig – 3.05% (minimum deposit: $25)
Full list of savings accounts.

Checking Account Bonuses

There are a lot of checking account bonuses Available for May 2009:

Investors Savings Bank $100 Checking Account Bonus
PNC and National City $75 Checking Account Bonus
Lockheed Federal Credit Union $150 Checking Account Bonus
USAA Bank $100 Checking Account Promotion
WesBanco $100 Checking Account Promotion
HomeStreet Bank $215 Checking Account Promotion
Bank of America $75 Checking Account Promotion
SECU Credit Union $150 Checking Account Promotion
Neighborhood Credit Union $100 Checking Account Promotion
FBOP Banks $160 Checking Account Promotion
National Bank of Kansas City $50 Checking Account Promotion
Full list of bank deals.

Best CDs

Best 3 Month CD
Danvers Bank – 2.5% (4 month CD, $500 minimum)

Best 6 Month CD
Willshire Bank – 2.53% ($1,000 minimum)

Best 9 Month CD
Consumers Credit Union – 2.5% ($250 minimum)

Best 1 Year CD
Melrose Credit Union – 3.03% ($5,000 minimum)

Best 18 Month CD
Alliant Credit Union – 2.90% ($25,000 minimum)

Best 2 Year CD
Melrose Credit Union – 3.19% ($5,000 minimum)

Best 3 Year CD
State Bank of India – 3.55% ($5,000 minimum)

Best 4 Year CD
Alliant Credit Union – 3.75% ($25,000 minimum)
Pentagon Federal Credit Union – 3.75% ($1,000 minimum)

Best 5 Year CD
Pentagon Federal Credit Union – 4% ($1,000 minimum)
Connexus Credit Union – 4% ($1,000 minimum)
FNBO Direct – 4% ($500 minimum)

Best 7 Year CD
Pentagon Federal Credit Union – 4% ($1,000 minimum)

My complete list of CD rates.