FNBO is offering a market leading 4% APY on a 60 month (5 year) CD. As the rate table shows, this is the top 60 month CD rate at the moment and the first 4% APY CD we've seen in some time. The rate is not immediately visible on their page. You need to go to the CD Disclosure section of their website to see their CD rates.

To open the account you'll need to first open a savings account and then you'll be able to add the CD to the account. The savings account is currently paying a pretty competitive rate of 1.90% APY (pretty pathetic that this is competitive). I spoke to FNBO and they said both can be opened the same day and that the CD rate will lock once the application is competed and accepted.

FNBO Direct is the high yield, online division of First National Bank of Omaha, which is in iteself a subsidiary of First National of Nebraska. First National of Nebraska has more than $20 billion in managed assets, approximately 7,500 employees in 35 states. The bank is FDIC insured and has a Bauer Rating of 3 1/2 out of 5 stars (Good) for its safety and soundness.

AIG Bank is offering some pretty competitive CDs. The question is, with all of the hoopla over executive compensation, would you open one?

The rate on their 60-month CD is 3.41% APY versus a top 60 month CD rate of 3.81% APY according to the BestCashCow rate tables. Rates are also competitive across other terms.

AIG Federal Savings Bank is heaquartered out of Deleware and has a Bauer rating of 3 out of 5 stars for safety and soundness, which isn't bad. Remember that most of AIG was a well-run, profitable business. It was just the hotshots in their CDS and other structured insurance product departments that brought down the company.

So, what about it? Would you deposit money in AIG Bank? What about if they had the top rate across in all CD categories.

Charter Bank, located in New Mexico, is offering a 14-month CD with a 3% APY. That's higher than the top 12 month CD rate and the top 18 month CD rate on the BestCashCow rate tables.

Accounts can be opened online. The CD rate locks once you submit the application. From that point you'll have 10 days to transfer the money, which can be done via ACH, check or wire transfer. They'll also be sending a signature card in the mail.

Charter Bank has approximately $1 billion in assets and $700 million in deposits. It has been FDIC insured since (FDIC Cert: 32498) 1986 and has a 2 out of 5 star Bauer rating (problematic) for safety and soundness.