NOTE:  Open to MA residents only.  You may be eligble though if you live outside of MA.

Thanks to John for pointing this one out via e-mail.

Right now, Energy Credit Union is offering a 1 year, 4.07% APY CD Rate.  Act fast because once it spreads to the Internet, it’s going to go fast.

The website says the rates are effective as of October 22, 2008.

Here are some of the details regarding the bank –

• NCUA Insured.
• Requires a $1,000 minimum to open.
• Bankrate.com 4 /5 star rating.

If this sounds like something you’re interested in, visit EnergyCreditUnion.org for more information on rates and how you can open up an account today.

Thanks goes out to Mike to e-mailing me this deal!

The Bank of Wichitas is currently offering a 5.25% APY rewards checking account, where no balance is required.  This is by far one of the best checking account rates available in the industry and the great news is that this rate is open to everyone!  Remember that these rates can change very fast so invest at your own risk.  Also, in order to get this 5.25% APY checking rate, you’ll have to make at least 10 transactions a month with your debit card and receive all statements electronically.  This shouldn’t be hard seeing you probably use your debit card all the time now.

Here’s what you get with the account –

• Free online banking
• Free checking
• Free Visa(R) Check Card
• Free ATM transactions worldwide
• FDIC insured.
• … and more

At the end of your statement cycle, ATM fees charged by any bank worldwide are automatically refunded in one lump sum.  At the same time, you will be paid interest earned by your account.  Interest earnings of 5.25% APY* are calculated on your average daily balance of up to $25,000.  Amounts over $25,000 will earn 2.25% APY*.

To get more information on this deal, visit BankOfTheWichitas.com.

From January 1st - January 31, 2009m, Western Federal Credit Union is offering a special 13 month, 4.05% APY CD.  This offer is available to anyone online or in the area that can attend a local branch.

$1,000 minimum required to open one up.

NCUA insured.  (up to $250,000 insured by the NCUA, government agency)

Must open by Jan. 31, 2009.

This is a little snippet from their website –

* The Annual Percentage Yield (APY) quoted assumes dividends remain in the account until maturity. Penalty for early withdrawal. Not valid with any other promotional offer. Rate is subject to change without notice. Offer valid from January 1 - January 31, 2009.

If you want more information or you want to open an account up, visit Western.org.

I wanted to point out a pretty neat deal being offered from EverBank.com right now.  Since most money market accounts are under 4%, EverBank is going to make it easier for you to know that your money market rate will be locked for a certain amount of time.

Here’s how it works –

• For the first 3 months, you’ll receive a 3.76% APY on your money.
• After that, you’ll get a first year APY of 3.18% on money up to 50k.

Here’s a little bit more about EverBank’s money market:

• $1,500 minimum opening balance. ($4.95 fee for balances under $1,500)
• 6 withdrawals/month.
• FDIC insured.
• Free online banking.

To read all of the terms or get more information on this account, visit EverBank.com.

Let’s face it, there’s not a lot of good money market or savings account rates out there right now.  I just wanted to point out Wachovia’s Way2Save program.  It’s not really a savings account per se but it can give you a nice rate of 5% APY for the first year.

Here’s how it works –

• Sign up for a Way2Save account. 
• Every time you use your Wachovia check card to make purchases or pay a bill online, Wachovia will transfer $1 into your account.

For the first year, you’re going to get a 5% APY on your Way2Save account.  This rate, of course is the best in the industry but the only downfall is that you’re going to do the above to get a $1 placed in your account.  Another downfall is that there’s a $300 cap as well.  This is a great account for those looking to save a little bit on the side.

After year one, the rate will drop to 2% APY in years 2 and 3.

For more information on this account, visit Wachovia.com for more details.