3.0% Savings Rate found with “CommonCents” account

Forum Credit Union is back on our radar today with another great savings account rate as well as a very unique “Savings Challenge”in which the winner could earn $5,000!

Forum CU’s high yield savings account is called the “CommonCents Savings Account” and it comes with an APY of 3.00%. The rate became effective on 6/01 and is subject to change without notice.

The “Save It Up Challenge” started last February and is going on until October 31, 2009. With this challenge Forum Read more…

Melrose Credit Union’s CD rates

Thanks to BankVibe reader FarmerFrank for revisiting the phenomenal CD rates still being offered through Melrose Credit Union out of New York. Although this credit union is headquartered in the Bronx, it still offers it’s superb CD (certificate of deposit) products to customers nationwide.

Last month we looked at Melrose Credit Unions 12 month CD rate (3.03% APY!). This month I wanted to post all of their available CD rates since they are considerably higher than the current national average.

Melrose Credit Read more…

Melrose Credit Union’s 12 month CD rate

Still looking for a 12 month CD yielding a >3.0% interest rate?

Well, we just got tipped off on a sweet 1 year CD offer from a credit union in Queens New York called Melrose Credit Union. Currently they have a 12 month certificate of deposit yielding 3.03% APY (roughly twice the national average).

Although they are a smaller credit union, they still offer their certificate of deposit products to banking consumers nationwide Read more…

Broadway Federal Bank’s Online Savings Account

Many thanks to BankVibe reader Paul for pointing out a phenomenal savings rate offered through Broadway Federal Bank. Currently they have an “Online Anniversary Savings Account” yielding a whopping 3.05% APY!

This marks the third 3.0% plus APY savings account in which BankVibe has covered this month. Hopefully this is a trend that is here to stay. With the rate of inflation heading downward, these 3.0% interest rates are becoming even more Read more…

9 month CD rates – Where to find the best rate?

Find the best 9 month CD rates below. Keep in mind that 9 month CD’s are an odd maturity time and are therefor not a common savings product offered through many banks and credit unions.

What makes the 9 month CD unique though is that many times when you see it offered it is actually a promotional rate.

Back in Feburary, Flagstar Bank was running a promotional 9 month CD rate which was available to anyone nationwide. This promo lasted several weeks Read more…