OneWest Bank has a three-year certificate of deposit (CD) with a fixed 2.25% annual percentage yield (APY). The CD rate is good for accounts opened online as of June 11, 2010. The bank CD rates and terms include:

• 1.1% APY for 9 months
• 1.4% for 1 year
• 1.5% for 18 months
• 1.9% for 2 years
• 2.9% for 4 years
• 3% for 5 years

Interest on CDs compounds daily and is reinvested monthly or upon maturity. Other terms are available, with the shortest term being one month. Accounts that are opened by Southern California residents in a branch or the call center may have different CD rates from online accounts and require a checking account.

You can only make withdrawals from a CD upon maturity. There is a seven-day grace period. You can make additional deposits to a CD during the grace period and for retirement accounts with terms of two years or less. The CD automatically renews upon maturity for the same term at the current rate unless you choose to close the account.

OneWest Bank CDs require a minimum opening deposit of $1,000 to receive the advertised rates. You must maintain the minimum balance requirement to receive the best interest rates.

If you have at least $5,000 to deposit in a certificate of deposit (CD) at Capital One Direct Banking, you could earn 1.88% annual percentage yield (APY) for three years.  The bank has other CD rates for various terms that include:

• 1.24% for 2 years
• 2.18% for 4 years
• 2.47% for 5 years
• 2.96% for 7 years
• 3.2% for 10 years

CD rates for terms less than two years are also available. Jumbo CD rates are available for deposits of at least  $100,000. The CDs have fixed rates, no fees to open or maintain an account, and are insured by the Federal Deposit Insurance Corp.

Capital One Direct Banking also has a high yield money market with no monthly fees on minimum balances. Money markets include free online transfers and checks. The money market also includes a free ATM card.

The high yield money market rate for all balances as of June 9, 2010, is 1.1% APY. Interest rates and APYs are variable and can change at any time. Interest is compounded daily and credited monthly. You are limited to six withdrawals from a money market during each calendar month.

Capital One Direct Banking products and services are offered by Capital One Bank (USA) N.A. and Capital One N.A.

More credit unions are offering competitive rates on certificates of deposit (CDs). Southeast Financial Credit Union has a CD rate of 2% annual percentage yield (APY) for a two-year term. Other CD rates include:

• 1.4% APY for 6 months
• 1.8% for 18 months
• 2.2% for 30 months
• 2.35% for 3 years
• 2.55% for 4 years
• 2.75% for 5 years

When money is withdrawn from a CD early there is a penalty fee of all dividends on the amount withdrawn or 30 days dividends for terms of six months or less. For terms of  more than six months the penalty is all dividends on the amount withdrawn or 60 days dividends on the withdrawn amount. The early withdrawal penalty can be waived in certain situations, such as the death of an account holder.

Southeast Financial Credit Union is one of the largest credit unions in Tennessee. It has more than 60,000 members in several states, including employees of BellSouth and the state of Tennessee.  There are more than 200  other companies and organizations that have employees who are eligible for membership. The credit union has 17 branches and offers online banking.

In addition to CDs, Southeast Financial Credit Union offers savings and checking accounts, credit cards, home loans, lines of credit, and financial planning.

Corridor State Bank has a 1-year certificate of deposit (CD) with an annual percentage yield (APY) of 1.55%. The bank has CDs for other terms that include:

• 1% APY for 6 months
• 1.25% APY for 9 months
• 1.9% for 18 months
• 2.1% for 24 months
• 2.3% for 36 months
• 2.6% for 48 months
• 2.9% for 60 months.

The bank also has a special CD rate of 2.05% for 19 months. The CD rates are fixed but can increase depending on the maturity of the CD. Other features of the CDs include:

• Minimum deposit
• Automatic renewal
• Tiered interest rates for larger deposits

There is no penalty for early withdrawal in the event of death or medical emergency. In other situations the amount of the early withdrawal penalty depends upon the term of the CD. The penalty for withdrawing CDs up to 6 months is 182 days interest on the amount withdrawn subject to penalty. CDs with terms of 7 to 12 months may be charged six months of interest as a penalty.  Accounts with terms of 13 to 35 months may have a penalty equal to 12 months interest.

Corridor State Bank is based in Coralville, Iowa. You can open an account in person or mail in the application at the bank’s website.

Open a free checking account at Avon Co-Operative Bank and you could earn up to $25 for your old checks and debit card. The Avon, MA-based bank is also offering a free tote bag to customers who tell a friend about the free checking account.

Details of the free checking account offer include:

• Minimum opening deposit of $50
• MasterCard debit card
• No minimum balance
• No monthly service charge
• No per check charge

Avon Co-Operative Bank has several checking accounts to choose from:

• Absolutely free checking is for anyone
• 50+ Interest Checking for people aged 50 and up
• Direct Free Interest Checking includes direct deposit or automatic payment

There also is a Choice Rate Checking Account, which earns the best rates when balances are more than $1,500. If the balance falls below that amount, there is $6 monthly fee. The best rate on the Choice Rate account was 1% annual percentage yield (APY) as of April 13, 2010.

The bank also has competitive certificate of deposit (CD) rates. You can open a CD with a minimum of $1,000. The CD rate for three years is 2.78% APY, 3.04% for four years, and 3.2% for five years. The bank has other terms available. CDs have a penalty for early withdrawal.