The YMMV, Geographic/Membership Restricted CD Rate Thread (user updated)

Use the QuickSummary for rates and the thread for discussion.

Hooray! The mods unlocked this thread!

Now I can mention the 6-month and 9-month CDs at Fremont Investment and Loan: with a minimum balance of $10,000 you get 5.45% APY. (For $1,000 - $9,999, the APY for the 6- and 9-month CDs is 5.30%.)

California residents can open an account in person, by telephone or mail. See the web site for more information and instructions. No hard pulls - they use ChexSystems.

FWIW: Fremont is selling its subprime residential lending business and should now be a safer place to put money. And it's FDIC insured, of course.

Update on Fremont Investment and Loan:

6-month, 9-month and 12-month CDs now pay 5.40% rate, 5.55% APY with minimum deposit of $10,000. Under $10,000, the rate is 5.26% and APY 5.40%.

For those in California, here's the rate page.

Copied from CD Rate thread:

tallguysfbay said:

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World Savings (Northern California) just announced a 5.51% APY on a 9-month CD. $10k minimum - $250k maximum
Call 1-800 468-7283 and select on the "featured rate". Website is not showcasing this rate but I've included the link anyway.Linky

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It's in-branch only in SoCal, according to the ad in the OC Register today.

Samko: I updated the QS with the Fremont 3-month (and the 12-month) CD. The 6-month (and the 9-month) CDs were already listed in the QS.

First Republic Bank is advertising (LA Times today) an unusual "7 Month Liquid CD." Most "liquid" CDs allow you to add $, and some allow one withdrawal. This CD has no penalty fees when you space withdrawals at least 7 days apart. You must maintain the minimum $10,000 balance, but the maximum opening balance is $500,000. The APY is only 5.20%, so you could stuff a lot of money here and build a CD ladder by moving it out weekly to higher rate CDs, or use this as a parking place for funds if you need to be liquid at some uncertain future date.

One catch: you must withdraw the money in person. Their offices are mainly in California, but they do have offices in New York, Massachusetts, Connecticut, Nevada, Oregon & Washington.

Superior Savings of New England no longer offers the 6-month 5.60% CD, so it has been removed from the Quick Summary.

Industrial Credit Union in Boston, MA has a 12 month CD with an APY of 5.5% and a minimum of $1000 to open. You must live or do business in the greater Boston area to join. Rate current as of 4/1/07. They've offered this rate for a few months now. Rates change monthly.

Evergreen Direct FCU is offering a 5.65% 12-month CD for people who live or work in Washington State, or who are related to an Evergreen member.

Branches are in Olympia and Tumwater, but there is online banking. See BankDeals for more information.

Clarified the QS as per ThursdaysChild's insight.

As of 5/7/07, the rates on Fremont's 3- 6- and 9-month CDs have fallen. The Quick Summary has been updated.

Found a good deal at a local bank I use northshore-bank
Is a 10 month 5.50% CD, $1k min $150k Max

With our “No Catch” CD, not only do you get a great rate, but you can make one withdrawal anytime during the initial term - without a penalty - No Catch! This offer is only available at our Highland Avenue office, so stop in today

This branch is located in Salem MA so might not be any good for most but only 5 minutes from my office

World Savings is advertising (Orange County [CA] Register) an 8-month CD at 5.32% APR / 5.46% APY. Not great, but it shows rates are coming up a little.

This is branch-only, $10,000 minimum but it needn't be new money.

Check their interactive web site to see what is available in your zip code. (By the way, they've previously told me you don't need to reside in that zip code, just get the CD from a branch within the zip code.)

Edit: see also discussion in BankDeals today June 22nd.

OnPoint Community Credit Union

6.00% APY* 12-month Certificate of Deposit

No maximum deposit*
Savings are federally insured*

*Annual Percentage Yield (APY) as of 7/1/07 and subject to change. Stated APY requires $5,000 new money to OnPoint Community Credit Union and a new or existing OnPoint checking account with Direct Deposit. APY is 5.75% without Direct Deposit. New money requirement waived for those who have been members of OnPoint for 10 years or more. Offer is available for a limited time and is exclusive of all other Certificate of Deposit promotions. Early withdrawal penalties apply. See Truth-in-Savings disclosure for complete terms. All deposits federally insured to at least $100,000 by the National Credit Union Administration (NCUA).

Information About OnPoint
OnPoint is Oregon's largest credit union. Membership is open to everyone who lives or works in Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington, and Yamhill counties. Membership is also open to family members of current OnPoint Community Credit Union members.

There is a one-time $10 membership fee in addition to $5 required to open your savings account which needs to remain in that account for the life of your membership.

Edit: Forgot to add link

Mostly applicable to Californians...

The Golden 1 Credit Union is once again offering a 5-Year-CD at 6.00% APY... LINK.

You can check eligibility requirements here, or call them at 877 Golden 1.

FWIW, I opened a Cd with them the last time they offered the 5 year, 6% CD (about 2 years ago), and have had no problems with them whatsoever.

They also have a 9-Month-CD at 5.50%

WaMu's 10-month "Traditional CD" (for California, YMMV) has a 4.89% APR / 5.0% APY if you put in at least $10,000 (you can get a 10-month CD for less, but it pays 4.65% APR / 4.75% APY).

However -- if you are in CA, CT, NY or NJ you can get a 10-month 5.45% APY CD "with a little slot on its back where more money goes in" (cute, huh?). The minimum balance is $1,000 and it has to be new money.

You can add money any time you want ($100 minimum add-on deposit) but your total add-ons can only be as high as your initial balance. If you open one, find out if the add-ons have to be new money also, then come back and report.

Drawbacks: you can only open the CD at a branch or by calling 1-800-808-1396 -- there's no internet application. And you need to have a WaMu checking account.

This CD with Add-On Feature is not on the WaMu web site. It was advertised in today's Orange County (CA) Register.

Edit: according to BankDeals, the CD is also available in Oregon and Washington, and the offer ends August 2nd.

Just wanted to add that in addition to the 2 different rates I listed for Golden 1 Credit Union on July 11th, they are now also offering a 12 - 17 month CD at 5.80%

I've updated a few of the CDs in the Quick Summary - you might notice that Fremont I&S rates have fallen below 5% - I left them in hoping that the rates would go up again so I wouldn't have to retype. I also updated First Republic and La Jolla Banks.

I started updating Indy Mac and Virtual Bank but they're available to all -- is it worth keeping nationwide unrestricted CDs in the list?

First Republic Bank's Liquid CD is now a 5-month CD at 5.25% APY for California residents. See my post above for terms.

Note: this is very much YMMV. I was shown this rate when plugging in NoCal and SoCal zip codes, but not OR or WA zips (although theywere not Portland & Seattle zips). So check the First Republic web site for your area if you are interested in this CD as a short-term parking place for your cash.

For Utah FWers, First Utah Bank is offering 3-12 mo. CDs at 5.50%. If you open a checking account, the rate bumps up to 5.62%. Offer expires August 31, 2007. It looks like you must visit a branch to get the deal.

http://www.firstutahbank.com/hotrates.html

I found a website that allows you to search for the best local CD Rates. I'm sure it's not all inclusive but I found a couple good local deals.

Link