Top 5 Savings Rate for week of 02/26/2011

1. 1.35% APY SmartyPig Account for balances upto $50,000. Click for details.
2. 1.30% APY American Express High Yield Savings Account. Click for details.
3. 1.25% APY Capital One Bank InterestPlus Online Savings Account. Click for details. 
4. 1.05% APY Ally Bank Online Savings Account. Click for details.
5. 1.00% APY Orange Savings Account. Click for details.

Digital Federal Credit Union Review

Address 220 Donald Lynch Boulevard Marlborough, MA 01752-9130 1-800-328-8797 http://www.dcu.org

Overview

Digital Federal Credit Union (DCU) is a credit union based in Marlborough, Massachusetts. It has over 350,000 members and is among the top 25 credit unions in the U.S.A. and the largest credit union head quartered in New England as measured by assets. DCU has in excess of $3.65 Billion USD in assets.[1] DCU is regulated under the authority of the National Credit Union Administration (NCUA) of the US federal government. DCU has 19 full-service branches in Massachusetts and New Hampshire, although it has members in all 50 U.S. states.

Deposit Rates updated on
Product % APY Min. Deposit Notes... Checking Account Money Market Account 0.4% $100,000 Lower rates are available for lesser balances. 3 Month CD 1.01% $25,000 6 Month CD 1.35% $25,000 1 Year CD 1.51% $25,000 18 Month CD 1.51% $25,000 2 Year CD 1.6% $25,000 3 Year CD 2.01% $25,000 4 Year CD 2.51% $25,000 5 Year 3.01% $25,000 5 Plus Year CD

Related Posts from 2011
02/15/2011 - Coverage initiated on Digital Federal Credit Union

Coverage Initiated on Digital Federal Credit Union

 On 02/15/2011, OurFirstMillion blog initiated coverage on the deposit products being offered by Digital Federal Credit Union (DCU). DCU is one of the largest credit unions in America and manages assets worth more than 3.5 Billion US Dollars, it also amount the top 25 credit unions in terms of memberships alone. The latest deposit rate information and other products offered by DCU will be maintained over here....

Security Service Credit Union has best rate 7 yr CD 3.5%

Security Service Credit Union is currently offering the best long term CD rates in the market. The 3.5%APY is offered with a minimum deposit of $100,000. This rate is far superior to the second best long term CD rate offered by Navy Federal Credit Union of 3.0% APY for 7 years. The current CD rates offered by this credit union are significantly better then its competitors

• 3.5% APY with 7 Year CD, minimum deposit of $100,000 is required.
• 3.4% APY with 7 Year CD, minimum deposit of $25,000 is required.
• 3.0% APY with 5 Year CD, minimum deposit of $100,000 is required.
• 2.9% APY with 5 Year CD, minimum deposit of $25,000 is required.
• 2.2% APY with 3 Year CD, minimum deposit of $100,000 is required.
• 2.1% APY with 3 Year CD, minimum deposit of $25,000 is required.

The Security Service Credit Union has a federal charter and was incorporated primarily to serve family and members of the armed services. There are many ways civilians can join the credit union:

1. Persons who live, work or worship in the "Low-income community" of Boerne, Texas.
2. Persons who live, work, worship or attend school in, and businesses and other legal entitles located in Medina County.
3. Persons who live, work, worship or attend school in, and businesses and other legal entitles located in Atascosa County.
4. Persons who live, work, worship or attend school in, and businesses and other legal entitles located in Uvalde County.
5. Persons who live, work, worship or attend school in, and businesses and other legal entitles located in South Bexar County.
6. Persons who live, work, worship or attend school in, and businesses and other legal entities located inside Loop 410 in San Antonio, Texas.
7. Persons who live, work, worship or attend school in, and businesses and other legal entities located in the Aransas, San Patricio and Nueces counties located in the South Texas area.
8. Persons who live, work, worship or attend school in, and businesses and other legal entities in Cameron County located in the South Texas area.
9. Persons who live, work, worship or attend school in, and businesses and other legal entities in Hidalgo County located in the South Texas area.
10. Persons who live, work, worship, attend school in, and businesses and other legal entities located in El Paso County, Texas. Excluding the country of Mexico, and New Mexico.
11. Registered members of the Catholic Church in the Diocese of Corpus Christi in one of the following counties: Aransas, Bee, Brooks, Duval, Jim Wells, Kenedy, Kleberg, Live Oak, McMullen, Nueces, San Patricio.
12. Members, active or retired ministerial members, employees, approved Supply Pastors, Certified Directors or Deaconesses of the Southwest Texas Conference & the Rio Grande Conference.
13. Anyone who becomes a member of the 50 Plus Club is eligible to join the credit union. The individual must pay a onetime association fee of $1.00 to join the club, be 50 years of age or older and must live in one of the following counties:                               
    Texas - Atascosa, Bexar, Dimmit, Edwards, Medina, Real, Uvalde, or Zavala   
14. Only members of the UTSA Alumni Association in San Antonio. Associate members do not qualify. 

United Bank Offers 4.0% APY Checking (Michigan Only)

United Bank (Michigan) is offering a 4.0% APY with their "Points2U" checking account. The maximum deposit amount that will earn the high interest rate is $10,000. This checking account does not have a minimum balance requirement and comes with online bill payment and account management service. By offering a 4.0% APY in their checking account they have catapulted into the top-tier checking accounts. It is a shame that this high yield checking account is available to Michigan Residents only.

Gifts for Banking - are they worth it?

Today I reviewed some of the gifts that were offered by iGoBanking (giftsforbanking.com) for opening long term CDs. Here is some interesting analysis....

Analyzing 10,000 invested for 2 years @ 1.0% APY

Rate offered for a 2 year CD on 02/09/2011: 1.0% APY. The various gifts and their approximate fair value are:
1. Dinner and a Movie Date Night for 3 Months   (worth approximately $170)
2. Ralph Lauren® Bath Robes and Champagne Flutes (worth approximately $125)
3. Bushnell® Stadium Kit & $100 NFL SHOP.com (worth approximately $150)
4. Lois Hill® Earrings & Champagne Celebration  (worth approximately $170)
The costliest gift offered with this 2 year CD is worth approximately $170. When this amount is factored into the CD rate of 1.0%, it increases the composite rate of the CD to 1.8% APY. This rate in slightly better than the highest rate offered by Alliant Credit Union (1.7% APY 2 Yr CD)

Analyzing 10,000 invested for 3 years @ 1.25% APY

1. Dinner and a Movie Date Night for 9 Months (worth approximately $345)
2. $250 BedandBreakfast.com Certificate & Luggage Set (worth approximately $325)
3. Ultimate Sports Fan Package (worth approximately $300)
4. Fresh Flowers & Pave Heart Diamond (worth approximately $250)
The costliest gift offered with this 3 year CD is worth approximately $345. When this amount is factored into the CD rate of 1.25%, it increases the composite rate of the CD to 2.4% APY. This rate in slightly better than the highest rate offered by Melrose Credit Union (2.17% APY 3 Yr CD)

Analyzing 10,000 invested for 5 years @ 1.75% APY

1. David Yurman® Classic 7mm Cable Bracelet (worth approximately $500)
2. Cleveland® CG16 and Irons with Pro Fitting (worth approximately $650)
3. Wine Fridge & 6 Months to Rich Reds Wine Club (worth approximately $500)
The costliest gift offered with this 5 year CD is worth approximately $650. When this amount is factored into the CD rate of 1.75%, it increases the composite rate of the CD to 3.8% APY. This rate in much better than the highest rate offered by Connexus CU (3.0% APY 5 Yr CD)

Bank of Oklahoma Raise CD Rates by 0.05

This is the second bank to raise the short term CD rates by exactly 0.05% APY, we would like to share this good new with our readers. The new CDs oferring new rates are:

• 3 Month CD of 0.15% APY
•  

Virtual Bank Raises CD Rates by 0.05%

Today(02/09/2010) Virtual Bank raised the interest offered on all their CD by at least 0.05% APY. This news bodes very well for savers, and I am hoping that other online banks like ING Direct follow in their footsteps. Virtual Bank is now offering one of the best rates for short term CDs (18 months or less).
The new CD rates for various terms are listed below.

• 1 Month  0.35%  $10,000  minimum deposit
• 2 Month  0.40%  $10,000  minimum deposit
• 3 Month  0.75%  $10,000  minimum deposit (top rate)
• 6 Month  1.06%  $10,000  minimum deposit (top rate)
• 9 Month  1.11%  $10,000  minimum deposit (top rate)
• 12 Month 1.25%  $10,000  minimum deposit (top rate)
• 18 Month 1.36%  $10,000  minimum deposit
• 2 Year   1.51%  $10,000  minimum deposit
• 3 Year   1.82%  $10,000  minimum deposit
• 4 Year   2.02%  $10,000  minimum deposit
• 5 Year   2.33%  $10,000  minimum deposit

Bank of the Sierra Reward Checking 2.09% APY

Bank of the Sierra is promoting their rewards checking account by oferring a nice 2.09% APY on the checking account balance up to $25,000. This account is totally free and offers $25 in ATM fee waivers. In order to qualify for the higher interest in this account the following conditions must be met:

• 12 check card purchases, these purchases can be signature purchases made with the debit card.
• One direct deposit per month.
• One online bill payment per month.
• Enroll for eStatements.
• Open the account online.

Overall, I would rate this as a good alternative to a long term CDs as one could use account to park some cash while waiting for the banks to offer higher interest rates.

Virtual Bank Offers Better Rate on eCDs

Virtual Bank is offering at least .05% extra on their eCD in comparison to their regular CDs. eCDs are electronic certificates of deposits that have to managed completely online. i.e. no paper statements or copies for someone who loves to file stuff. I personally would take an extra 0.05% for going paperless. The latest rates for Virtual Bank as of 02/07/2011 for the eCDs are:

• 0.75% APY for 3 Month eCD, minimum deposit $10,000
• 1.06% APY for 6 Month eCD, minimum deposit $10,000
• 1.25% APY for 1 Year eCD, minimum deposit $10,000
• 1.36% APY for 18 Month eCD, minimum deposit $10,000
• 1.51% APY for 2 Year eCD, minimum deposit $10,000
• 1.82% APY for 3 Year eCD, minimum deposit $10,000
• 2.02% APY for 4 Year eCD, minimum deposit $10,000
• 2.33% APY for 2 Year eCD, minimum deposit $10,000

Going forward I will be monitoring these rates for providing my weekly rate roundup.

Acacia Federal Reduces CD Rates

Acacia Federal Savings Bank announced new CD rates today. The APY for the 18 month CD has fallen from 1.3% to 1.25% and the APY for the 4 year CD has fallen from 2.1% APY down to 2.0% APY. It appears that they are reaching their goal in shoring up their capital and the top rates that we had come to expect from Acacia may no longer be available.

Savings Rate Roundup for week 02/06/2011

High Yeild Savings Rates

• 1.3% APY by American Express Bank with min. deposit $1: details here
• 1.25% APY by Capital One Direct Banking with min. deposit $1000: details here
• 1.2% APY by Discover Bank with min. deposit $500: details here
• 1.11% APY by Zions Bank with min. deposit $2500: details here
• 1.1% APY by FNBO Direct with min. deposit $1: details here
• 1.1% APY by ING Direct with min. deposit $1: details here
• 1.09% APY by Ally Bank with min. deposit $1: details here

3 Month CD Rates

• 1.01% APY by Bank of the Sierra with min. deposit $10000: details here
• 0.75% APY by Easthampton Savings Bank with min. deposit $1000: details here
• 0.75% APY by Goldwater Bank with min. deposit $5000: details here
• 0.75% APY by H&R Block Bank with min. deposit $: details here
• 0.75% APY by Hudson City Savings Bank with min. deposit $500: details here
• 0.75% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 0.75% APY by RiverLand Credit Union with min. deposit $1000: details here
• 0.75% APY by Virtual Bank with min. deposit $10000: details here
• 0.65% APY by Acacia Federal Savings Bank with min. deposit $500: details here
• 0.64% APY by Ally Bank with min. deposit $1: details here
• 0.55% APY by Discover Bank with min. deposit $2500: details here
• 0.55% APY by USAA Bank with min. deposit $1000: details here
• 0.35% APY by Bank of Internet USA with min. deposit $1000: details here

6 Month CD Rates

• 1.5% APY by Connexus Credit Union with min. deposit $500: details here
• 1.07% APY by Bank of Internet USA with min. deposit $1000: details here
• 1.06% APY by Ascencia Bank with min. deposit $500: details here
• 1.06% APY by Virtual Bank with min. deposit $10000: details here
• 1.04% APY by Ally Bank with min. deposit $1: details here
• 1.02% APY by Goldwater Bank with min. deposit $5000: details here
• 1% APY by H&R Block Bank with min. deposit $1: details here
• 0.9% APY by Discover Bank with min. deposit $2500: details here
• 0.9% APY by Grand Yield Direct with min. deposit $5000: details here
• 0.9% APY by Nationwide Bank with min. deposit $1: details here
• 0.85% APY by Giantbank with min. deposit $2500: details here
• 0.85% APY by State Bank of Toledo with min. deposit $1000: details here
• 0.8% APY by AIG Bank with min. deposit $2500: details here
• 0.75% APY by ING Direct with min. deposit $1: details here

1 Year CD Rates

• 1.75% APY by Connexus Credit Union with min. deposit $500: details here
• 1.41% APY by Melrose Credit Union with min. deposit $5000: details here
• 1.36% APY by Bank of Internet USA with min. deposit $1: details here
• 1.3% APY by Ascencia Bank with min. deposit $500: details here
• 1.3% APY by Southeast Financial Federal Credit Union with min. deposit $500: details here
• 1.29% APY by Ally Bank with min. deposit $1: details here
• 1.27% APY by Goldwater Bank with min. deposit $5000: details here
• 1.26% APY by Pentagon Federal Credit Union with min. deposit $1000: details here
• 1.26% APY by Virtual Bank with min. deposit $10000: details here
• 1.25% APY by Discover Bank with min. deposit $2500: details here
• 1.25% APY by Nationwide Bank with min. deposit $1: details here
• 1.2% APY by Alliant Credit Union with min. deposit $1000: details here
• 1.15% APY by Acacia Federal Savings Bank with min. deposit $500: details here
• 1.15% APY by AIG Bank with min. deposit $2500: details here

18 Month CD Rates

• 1.56% APY by Franklin Synergy Bank with min. deposit $1000: details here
• 1.45% APY by Alliant Credit Union with min. deposit $1000: details here
• 1.4% APY by Goldwater Bank with min. deposit $5000: details here
• 1.4% APY by Nationwide Bank with min. deposit $1: details here
• 1.36% APY by Bank of Internet USA with min. deposit $1000: details here
• 1.36% APY by Virtual Bank with min. deposit $10000: details here
• 1.35% APY by Ally Bank with min. deposit $1: details here
• 1.35% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 1.35% APY by USAA Bank with min. deposit $1000: details here
• 1.3% APY by Acacia Federal Savings Bank with min. deposit $500: details here
• 1.3% APY by State Bank of Toledo with min. deposit $10000: details here
• 1.25% APY by AIG Bank with min. deposit $2500: details here
• 1.25% APY by Discover Bank with min. deposit $2500: details here
• 1.15% APY by MetLife Bank with min. deposit $2000: details here

2 Year CD Rates

• 1.66% APY by Melrose Credit Union with min. deposit $5000: details here
• 1.66% APY by Wings Financial Credit Union with min. deposit $1: details here
• 1.6% APY by Alliant Credit Union with min. deposit $1000: details here
• 1.55% APY by Bank of Internet USA with min. deposit $1: details here
• 1.55% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 1.51% APY by Virtual Bank with min. deposit $10000: details here
• 1.5% APY by Hudson City Savings Bank with min. deposit $500: details here
• 1.5% APY by Intervest National Bank with min. deposit $2500: details here
• 1.5% APY by Pentagon Federal Credit Union with min. deposit $1000: details here
• 1.5% APY by S-Bank with min. deposit $1000: details here
• 1.5% APY by Southern Community Bank & Trust with min. deposit $500: details here

3 Year CD Rates

• 2.17% APY by Melrose Credit Union with min. deposit $5000: details here
• 2% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 1.95% APY by Nationwide Bank with min. deposit $1: details here
• 1.92% APY by Wings Financial Credit Union with min. deposit $1: details here
• 1.86% APY by Bank of Internet USA with min. deposit $1: details here
• 1.85% APY by USAA Bank with min. deposit $1000: details here
• 1.84% APY by Ally Bank with min. deposit $1: details here
• 1.83% APY by Goldwater Bank with min. deposit $5000: details here
• 1.83% APY by Intervest National Bank with min. deposit $2500: details here
• 1.82% APY by Virtual Bank with min. deposit $10000: details here
• 1.8% APY by Alliant Credit Union with min. deposit $1000: details here
• 1.8% APY by Ameriprise Bank FSB with min. deposit $10000: details here

4 Year CD Rates

• 2.5% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 2.42% APY by Melrose Credit Union with min. deposit $5000: details here
• 2.25% APY by Hudson City Savings Bank with min. deposit $500: details here
• 2.25% APY by Pentagon Federal Credit Union with min. deposit $1000: details here
• 2.2% APY by Alliant Credit Union with min. deposit $1000: details here
• 2.2% APY by Nationwide Bank with min. deposit $1: details here
• 2.19% APY by EverBank with min. deposit $1500: details here
• 2.11% APY by Bank of Internet USA with min. deposit $1: details here
• 2.11% APY by State Bank of Toledo with min. deposit $1: details here
• 2.1% APY by Acacia Federal Savings Bank with min. deposit $500: details here

5 Year CD Rates

• 3% APY by Connexus Credit Union with min. deposit $500: details here
• 2.93% APY by Melrose Credit Union with min. deposit $5000: details here
• 2.61% APY by EverBank with min. deposit $1500: details here
• 2.58% APY by Wings Financial Credit Union with min. deposit $1: details here
• 2.55% APY by Lockheed Federal Credit Union with min. deposit $1000: details here
• 2.55% APY by Nationwide Bank with min. deposit $1: details here
• 2.5% APY by Consumers Credit Union (IL) with min. deposit $250: details here
• 2.5% APY by Hudson City Savings Bank with min. deposit $500: details here
• 2.5% APY by Pentagon Federal Credit Union with min. deposit $1000: details here
• 2.49% APY by Bank of Internet USA with min. deposit $1: details here

5+ Year CD Rates

• 3.25% APY by Apple Federal Credit Union with min. deposit $1: details here
• 3.05% APY by Capital One Direct Banking with min. deposit $1: details here
• 3% APY by Discover Bank with min. deposit $2500: details here
• 3% APY by Pentagon Federal Credit Union with min. deposit $1000: details here
• 2.75% APY by Bank of Oklahoma with min. deposit $1: details here
• 2.75% APY by Navy Federal Credit Union with min. deposit $1000: details here
• 2.6% APY by USAA Bank with min. deposit $1000: details here
• 2.4% APY by Third Federal with min. deposit $500: details here
• 2.34% APY by Intervest National Bank with min. deposit $2500: details here
• 2.05% APY by E-LOAN with min. deposit $10000: details here
• 2.02% APY by Broadway Federal Bank with min. deposit $1000: details here
• 1.84% APY by Flagstar Bank with min. deposit $500: details here
• 1.5% APY by Chase Manhattan Bank with min. deposit $1000: details here

$100 with Chase Freedom Cashback Credit Card

Chase Bank is offerring a $100 bonus cash with their no-annual fee Freedom credit card. More details are show below.

Card Summary - Personal Credit Card
Special Features:	Earn $100 Bonus Cash Back after you make $800 in purchases in your first 3 months 0% Intro APR 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly enrollment and maximum. Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 10% cash back when you shop online at select merchants through Chase No Annual Fee
Rewards Program:	Cash back
	Rewards are earned as points, which can be redeemed for cash back. 1% cash back equals 1 point. If you choose to redeem for cash back, 1 point equals $0.01 cash back. For example, 2,000 points can be redeemed for a $20 check.

Rates
Introductory Purchase APR:	0% Intro APR for the first 6 billing cycles that your Account is open.
Introductory Balance Transfer APR:	0% Intro APR for the first 12 billing cycles following the opening of your account for balance transfers made within 30 days of account opening
Regular Purchase APR:	11.99% to 22.99%, based on your creditworthiness.
Regular Balance Transfer APR:	11.99% to 22.99%, based on your creditworthiness
Cash Advance APR:	19.24% or, if your purchase APR is 22.99%, then 23.24%, based on your creditworthiness.
Overdraft Advances APR:	19.24% or, if your purchase APR is 22.99%, then 23.24% (not available in some states), based on your creditworthiness
Penalty APR:	29.99%.

Fees
Annual Fee:	None
Balance Transfer Fee:	Either $5.00 or 3% of the amount of each transfer, whichever is greater.
Cash Advance Fee:	Either $10.00 or 3% of the amount of each transaction, whichever is greater.
Late Payment Fee:	$35
Returned Payment Fee:	$35
Foreign Transaction Fee:	3% of each transaction in U.S. dollars.

Useful Links
Terms & Conditions	Apply Here
Reward Program Information

Other Great Credit Card Offers
$200 with AeroMexico Signature Visa	$200 for Penfed Amex Card
$450 for AmEx Premier Rewards Gold	$150 free with Chase Sapphire Card
15,000 miles with CapitalOne Venture	25K Bonus Miles from Delta Skymiles
$200 with Citi Premier Thank You Card	$700 American Express Platinum Card

Wirefly and Amtrak is offering 5000 bonus points

Earn 5,000 Amtrak Guest Reward^® points when you get a new wireless phone and rate plan through Points For Wireless, powered by Wirefly. Check out our ”Verizon Wireless DROID Super Sale“ and save BIG on some of the hottest phones around.
This offer is available overe here.

Citi ThankYouSM Premier Card free 20,000 bonus points

CitiCards is offering their signature signup bonus of 20,000 thank you rewards points when you open and spend $1000 on the "Citi ThankYouSM Premier Card" credit card.

Card Summary
Special Features:	20,000 Bonus ThankYou® Points after $1,000 in purchases Companion Travel and 15% Travel Plus Discount Account Online and Paperless Statement Enrollment Points Automatic Travel Accident Insurance Auto Rental Insurance Lost Luggage Coverage Trip Cancellation / Trip Interruption Emergency Assistance Services Retail Purchase Protection Price Protection Extended Warranty Citi® Private Pass No Fereign Transaction Fee
Rewards Program:	Citi ThankYou Rewards
	You will earn 1.2 ThankYou Points for every dollar spent on the card. That is 20% more points per $1 spent when you use your card at supermarkets, gas stations, drugstores, commuter transportation and parking merchants. 2 Earn points for the miles you fly when you purchase a ticket with your Citi ThankYou Premier Card.Travel anywhere, any time and there are no foreign transaction fees on purchases, as long as you use your Citi ThankYou Premier Card. Share the delights of travel with an annual domestic companion ticket and a 15% discount on all air travel when booked through our travel provider Spirit Incentives. With no points cap and no expiration of points, there’s no limit to the points you can earn.

Rates
Introductory Purchase APR:	N/A
Introductory Balance Transfer APR:	N/A
Regular Purchase APR:	13.99%, 17.99%, or 21.99%, based on your creditworthiness.
Regular Balance Transfer APR:

Fees
Annual Fee:	$124 (free for first year)
Balance Transfer Fee:	Greater of $5 or 3% of transfer amount
Cash Advance Fee:	Greater of $10 or 5% of transfer amount
Late Payment Fee:	$35
Returned Payment Fee:	$35

Useful Links
Terms & Conditions
Reward Program Information
Additional Information
Apply for this card over here

Other Great Credit Card Offers
$200 with AeroMexico Signature Visa	$200 for Penfed Amex Card
$450 for AmEx Premier Rewards Gold	$150 free with Chase Sapphire Card
15,000 miles with CapitalOne Venture	25K Bonus Miles from Delta Skymiles

6.392% Metro Washington DC Airports Auth Dulles - Tax Free* Municipal Bond

Metro Washington DC Airports Authority is offerring high yield on their tax free municipal bonds.

Part of the proceeds from this bond will be used to build up the Dulles Toll Road is an eight lane limited access highway approximately 13.4 miles in length that extends generally from I-495 to Virginia Route 28 where it joins the Dulles Greenway, a privatelyowned toll road (the “Greenway”). The Dulles Toll Road operates as a major commuter route for the Washington metropolitan region, provides direct access to and from Tysons Corner, the center of commercial activity in Northern Virginia, and serves Dulles International. The road is officially named for Omer L. Hirst and Adelard L. Brault, the members of the Virginia Assembly who sponsored legislation to finance the highway.

Coupon To 10/01/2016: 0.000%
Coupon To 10/01/2041: 6.500%
Maturity: 10/01/2041
Call @ 100: 10/01/2026
Rating: Aa3/AA+ Moody's / Standard & Poor's-AGC Insured
Price: 70.978
Yield To Maturity: 6.392%
Yield To Call: 6.350%

CD Rate Roundup (month end) for 01/31/2011

Best High Yield Savings Account / Money Market Account Rates

1.       1.35% APY SmartyPig Savings Account: apply here

2.       1.30% APY American Express High Yield Savings Account: apply here

3.       1.25% APY Capital One Bank, InterestPlus Online Savings Account: apply here

Best Short Term CD Rates (less than 12 months)

1.       1.20% APY Ally Bank’s No penalty CD (11 month CD): apply here

2.       1.07% APY Bank of Internet (6 month CD): apply here

3.       1.05% APY Discover Bank(6 month CD): apply here

Best 12 Month CD Rates

1.       1.36% APY from Bank of Internet USA for a 12 month CD: apply here

2.       1.30% APY from Bank of Internet USA for a 12 month CD: apply here

3.       1.29% APY from Ally Bank for a 12 month CD: apply here

Best 2 Year CD Rates

1.       1. 60% APY from Bank of Internet USA 2 yr CD: apply here

2.       1.54% APY from Aurora Bank 2 yr CD: apply here

3.       1.51% APY from Virtual Bank 2 yr CD: apply here

Best 3 Year CD Rate

1.       2.17% APY from Melrose Credit Union 3 yr CD: apply here

2.       2. 0% APY from OneWest Bank 3 yr CD: apply here

3.       2.0% APY from Nationwide Bank 3 yr CD: apply here

Best 5 Year CD Rate

1.       2.93% APY from Melrose Credit Union 5 yr CD: apply here

2.       2.60% APY from Astoria Federal Savings 5 yr CD: apply here

3.       2. 54% APY from Bank of Internet USA 3 yr CD: apply here

How can you plan a funeral without spending much dollars?

Author’s Bio: Roxie is a guest writer for various finance related Communities including CDFA, FCB, OVLG etc. She is a PG degree holder in Marketing and Finance and right now working in a reputed bank as a relationship manager. She is well equipped to write articles on debt consolidation , debt settlement, frugality, savings, economies of states etc.

Funeral planning is perhaps the most emotional event. In spite of grieving, you need to plan the funeral to honor the deceased person. Death of a person can also result into relatively decreased income. So, planning a funeral may be additional burden for the family members and it can even lead to additional debt. So, it is always better to plan for funerals within a budget. 

5 Tips for planning a funeral on a budget 

Here are 5 tips which you can follow to show your respect to the deceased person without spending quite a lot of money. 

1.       Do not buy expensive flowers – You can always cut down the cost of flowers without appearing miserly. Instead of buying costly flowers, you can purchase carnations which are comparatively cheaper.

2.       Think twice before hiring a clergy-person – Do you want to hire a clergy-person who didn’t even know the deceased person? Isn’t it better to ask someone to speak in the funeral who knew the deceased person? He/she will be able to speak better about the deceased person and the funeral can be arranged at a much lower cost.

3.       Buy a relatively cheaper casket – While buying a casket, always remember that it will ultimately be buried in the ground. So, do not spend your dollars in buying an expensive casket. Instead, you can buy a plain pine box casket.

4.       Shop around to get best deals – Many survivors feel that they would disrespect the dead person if they shop around and bargain for better deals. However, you cannot show tribute to the deceased person by getting ripped off in order to plan the funeral. So, quickly shop around and compare the prices so that you get best deals. It is worth showing respect to the deceased person.

5.       Arrange for an informal funeral – One of the best ways to reduce cost is to arrange an informal funeral. Instead of traveling from the funeral home to the cemetery in a costly vehicle, you can avoid the travelling expense by encouraging the people to come at the house afterwards to reminisce. For the funeral, arrange a closed casket service at the cemetery.

The old people sometimes express their wishes regarding how they would like to be buried after they die. If you’re planning funeral for your grandparents who had expressed their wishes beforehand that they want an inexpensive funeral, then make their wishes come true. Do not arrange a large funeral with a choir. Instead, show your respect by planning a simple funeral without any ceremony. 

Many people want to plan their own funeral in advance.  If you want to do so, you can make the necessary arrangements to save your heirs from the financial burden after your death. You can pick your casket, the burial ground along with the service you would want. You can also pay for the prices in advance at today’s cost. If you do so, make sure you leave the copy of the contract and necessary papers with your heirs.

FDIC Closes Banks in January 2011 (11 and counting)

FDIC has been quite busy closing banks in January 2011. So far the tally of banks closed has reached 11. The complete list of all banks closed in January 2011:

1. First Commercial Bank of Florida Orlando FL
1. Acquired by: First Southern Bank
2. Date Closed: January 7, 2011
3. Source: http://fdic.gov/bank/individual/failed/firstcommercial.html
2. Legacy Bank, Scottsdale, AZ
1. Acquired by: Enterprise Bank & Trust
2. Date Closed: January 7, 2011
3. Source: http://fdic.gov/bank/individual/failed/legacybank.html
3. Oglethorpe Bank Brunswick GA
1. Acquired by: Bank of the Ozarks 
2. Date Closed: January 14, 2011
3. Source: http://fdic.gov/bank/individual/failed/oglethorpe.html
4. Enterprise Banking Company McDonough GA
1. Acquired by: Not yet announced 
2. Date Closed: January 21, 2011
3. Source: http://fdic.gov/bank/individual/failed/enterprise.html
5. CommunitySouth Bank & Trust Easley SC
1. Acquired by: Certus Bank, N.A.
2. Date Closed: January 21, 2011
3. Source: http://fdic.gov/bank/individual/failed/commsouth.html
6. The Bank of Asheville Asheville NC
1. Acquired by: First Bank
2. Date Closed: January 21, 2011
3. Source: http://fdic.gov/bank/individual/failed/bankofasheville.html
7. United Western Bank Denver CO
1. Acquired by: First-Citizens Bank & Trust Co.
2. Date Closed: January 21, 2011
3. Source: http://fdic.gov/bank/individual/failed/unitedwestern.html
8. The First State Bank Camargo OK
1. Acquired by: Bank 7
2. Date Closed: January 28, 2011
3. Source: http://fdic.gov/bank/individual/failed/firststatebank_ok.html
9. Evergreen State Bank Stoughton WI
1. Acquired by: McFarland State Bank
2. Date Closed: January 28, 2011
3. Source: http://fdic.gov/bank/individual/failed/evergreenstatewi.html
10. FirsTier Bank Louisville CO
1. Acquired by: Not yet announced 
2. Date Closed: January 28, 2011
3. Source: http://fdic.gov/bank/individual/failed/firstier.html
11. First Community Bank Taos NM
1. Acquired by: U.S. Bank, National Association
2. Date Closed: January 28, 2011
3. Source: http://fdic.gov/bank/individual/failed/firstcomm_nm.html

1 year CD Navy Federal CU 2.9% APY (best rate)

Navy federal credit union has announced one of the best short term CD rates of 2.90% APY on their 1 year CD. This is a promotional rate is only available with the “Special EasyStartSM Certificate”.

The highlights of this CD are:

APY: 2.90%

Minimum Amount: $50

Maximum Balance: $3,000

Compounded: Daily

Term: 1 year

Deposit Insurance: NCUA

Early Withdrawal Penalty: Yes

Effective From: April 20^th 2009

Valid Thru: End date not mentioned

Valid for IRA and ESA: yes

Requirements:

1.       Must be a member of Navy FCU

2.       Must add at least $15 each month to this CD

3.       Must be at least 18 years old

4.       Only one “Easy Start” CD per member is allowed

5.       Must have a direct deposit of at least $300 coming into Navy FCU

This information was sourced from: www.navyfederal.org...

You may also be interested in these high certificates listed below:

·         5.01% APY with the Kasasa checking account

·         3.01% APY with a 5 year CD from digital Federal Credit Union

·         3.0% APY with a 7 year CD from Pentagon Federal Credit Union

·         2.79% APY with 3 year CD from Wilshire State Bank