5% APY 12-Month CD From Washington Mutual

WaMu has rolled out a new 5% APY 12-month CD, which is a very high yield for that term length. Yes, WaMu has had some issues like other banks, but I’ve already explained why I am sticking with them as long as I’m under the FDIC insurance limits.

Convenience Factor
If you already bank at WaMu, you can fund it easily online with a minimum of $1,000. With their existing Free Checking and 3.75% APY Online Savings combo, it makes a convenient package:

Early withdrawal penalty is 90 days interest. You can fund directly from your existing accounts. I might move some money around for this one.

Combine with 0% APR Balance Transfers
For those that are interested in making some profit using 0% balance transfers, but have been holding off due to the narrowing interest rate spreads, this might be an opportunity to jump back in. Here is a list of no fee 0% APR balance transfer credit cards.

Borrowing the money at 0% and putting it in 5% CD for 12 months gives the following rough math: Gain of 5% interest on $12,000 = $600. Minus $75 fee and taxes to get your final profit. You can do better if you get a larger credit limit. If you can handle the minimum payments of 2% of balance per month ($200 initially each $10,000) with your regular cashflow, then you could stick the entire amount in the CD. The actual terms say that the introductory period lasts “until the last day of the billing period ending during September 2009”.

25% Cashback on Anything* Bought at eBay

An extension of the new Live.com Search Engine cashback system mentioned previously, it has been discussed ad nauseam here, here, and here. At first glance, I thought it would be a short-lived misprint/typo kind of deal, so I didn’t bother. It did disappear, but now it is back, so I guess Live.com is consciously choosing to continue with this promotion (for now).

In short, the cashback system is currently offering 25% off any item purchased on eBay, provided it is bought using the “Buy It Now” feature and using PayPal for payment. There is a limit to $200 in cashback per purchase, with a maximum of 6 purchases. Fine print is here. A quick and dirty walkthrough:

1. First read up on the general idea of Live.com cashback. You’ll need to wait 60 days to withdraw the cashback. If interested, sign up for an account.

2. Click on this link, this link, or this link. Look for the following:

3. Click on the circled link, which will send you to eBay. Find an item that you want with the Buy It Now option and that accepts PayPal. Click on “Buy It Now”. You should see this icon on the next screen:

4. Check out and pay with PayPal. You should get an e-mail or message from eBay with confirmation afterwards.

Clever people have been buying highly liquid items like gold, silver, and popular gift cards at 25% off. However, supply and demand has driven many prices up, making it harder to find profitable opportunities. Isn’t economics neat?

Microsoft Live CashBack Promotion: 70% Off Magazines and More

Microsoft’s Live Search engine now has a cashback system – the idea is that you can compare products and prices using their search engine, and then buy through them and get cashback. This is similar to existing cashback portals like eBates ($10 sign-up bonus), but they add in the price comparison component. Like the rest, you have to wait 60-90 days for your rebates (in case you make a return).

Every time you make a qualifying purchase, we’ll send you an email to confirm your Live Search cashback savings. Usually 60 days after your purchase (although this time period may vary for some stores), and when your cashback account reaches a balance of at least $5, you can claim your cold, hard cash.

They are currently having a Back-to-School promotion that is giving nearly double cash-back percentages at several stores (sorted alphabetically). Examples are

  • 70% back at Magazines.com.
  • 38% back at ShoeMall, 36% back at FootLocker and Eastbay, and 32% back at Shoes.com
  • 12% back at Barnes and Noble
  • 5.5% back at NewEgg (electronics)

At 70% off, you can get an entire year’s subscription to The Economist for under $30. I know that several readers like this magazine, which is very hard to find at a discount. Or you can just renew the rest of your magazine subscriptions on the cheap. Combining coupons may void the cashback, according to the terms and conditions.

Update: Best Savings Account and CD Interest Rates, 4%+ APY

It seems that one small silver lining of these ongoing bank troubles is that well, banks need more money in order to keep afloat. This means they are more willing to pay us more $$$ for the privilege of holding onto ours. 🙂 Even the big banks are starting to play along. Thanks to Brian and John for their respective updates.

Big Banks
If you have a decent balance and are willing to lock up your month for a while, below are some nice rates with terms of a year or less. Interest rates might be going back up soon to combat inflation, so locking in a CD longer than that might not be the best idea.

  • Bank of America has a 7-month CD paying 4.11% APY. $5,000 minimum.
  • Washington Mutual has a 8-month CD paying 4.25% APY. $1,000 minimum. They still offer their no-minimum liquid savings account at 3.30% APY.
  • Wachovia has a 12-month CD paying 4.25% APY, as well as a 7-month CD paying 4% APY. $5,000 minimum.

Online Banks
The online bank arena remains the place to be if you want high yields and minimal restrictions, including the ability to withdraw money at any time. All are still FDIC insured.

  • HSBC Direct is offering 3.50% APY with no fees and no minimum balance requirements, guaranteed until 9/15.
  • FNBO Direct is offering 0.85% APY with no fees and no minimum balance requirements, and has maintained a decent track record of consistently high rates.
  • Everbank also has a savings account that offers a nice 4.65% APY for the first 3 months, and then 3.51% APY afterwards. Not bad, considering even the non-special rate is very competitive. I guess that is why they call it the Yield Pledge Money Market account, since it “pledges” to stay amongst the top 5% of competitive banks. There is a minimum balance requirement of $1,500 to avoid fees.

Free Access to Entertainment Book Online Coupons

I’m usually not a big fan of paying for coupon books since I always forget to use them, but here is a way to get free access to Entertainment Book Online. Just visit this page, and enter the Access Code OPADINE08 (looks expired), or try OPADINE. You don’t need to provide a name or credit card number. Via SD.

After joining, you are allowed to print coupons for 10 “Premium Discounts” per month, which is often something like Buy-1-Entree-Get-1-Free or 20% off your bill at participating restaurants. I never seem to like any of these restaurants, but it’s worth a quick search by zip code. They seem to restrict the easy searches to Dining, but you can go to their regular page and find all their offers. Then go back and run a text search.

One option is to run a search for “blockbuster”, where you can print out a coupon for a free 12-month membership to the Blockbuster Rewards program. Retail value is ~$10, and includes one free Non-New Release Movie rental coupon each month.

Added: You can get another 3 Premium Discounts per month at this page. You’ll need to sign up as a new member again, but it is easier to search through non-Dining offers on this page for some reason.

$10 Off at Amazon.com + Free Amazon Prime Trial

Free Trial Screencap

Right now you can get $10 off your next Amazon.com order when you sign up for a free 1-month trial of Amazon Prime. Amazon Prime gives you free 2-day shipping on any purchase with no minimum order, so you don’t even need to get to $25 for the usual Super Saver Shipping. For example, you could order something priced at $12 for only $2 with free 2-day shipping. Via SD.

Promotional offer valid until July 28, 2008. Customer must sign up for a new Amazon Prime Free Trial by July 28th, 2008 and redeem promotional credit before August 28, 2008.

This offer is for accounts who have never signed up for Amazon Prime, trial or not. So if you are already logged in under another account on your computer, you may not see this offer. You will need to logout and either login into a different valid account or open up a new account. The cool part about Amazon Prime trials is that you can set it not to auto-renew ahead of time, so you don’t have to remember to cancel. Here’s how:

  1. Click on Your Account.
  2. If you’re not there yet, scroll down and click on Subscriptions Management > Manage Your Amazon Prime Membership.
  3. Look for green text. Click on the Do Not Upgrade button and you won’t automatically be charged $79 anymore. You’ll still get the entire 1st month of free Amazon Prime shipping.

Another Free Schick Quattro Razor Sample

To get your free Schick Quattro Razor, visit ShaveRyanNyquist.com, click to Enter the site, and vote on which facial hair design you want him to have. When they ask you if you want a free razor sample as well, click on “Sure Man”. If it tells you “Sorry, no more samples. Next time pedal faster”, try again later or with a different web browser. It appears to be a little hit and miss, but should come through eventually. Via FW.

First a razor giveaway involving a weird pillow fight video, now one where you get to influence an X-games athlete’s facial hair. Where do they get these ideas? I almost want to tell them to lay off the pot.

10% Off With Discover, Buy 1 Get 1 Jamba Juice, iPod Promotion at KeyBank

Quick links to more offers that may be of interest…

$10 Discover Gift Card for every $100 Spent
Get a $10 Discover Gift Card for every $100 you spend on your Discover Card at participating malls from August 1 through September 7, 2008. The mall list is pretty short, tough. See this post on a similar promotion for more information. Don’t forget your buy 1 get 1 free movie tickets with Discover as well.

Buy 1 Get 1 Free Jamba Juice Smoothie
I work hard to avoid Jamba Juice these days, as I am susceptible to overpriced smoothie addictions during these hot months…

Purchase any Jamba menu board item and get an additional menu board item of the same or lesser value free. Baked goods and snack items are not included in this offer. Expires 7/30/08.

Free iPod Nano or iPod Touch with new account at KeyBank
Open a free checking account + some other hoops, get a free iPod Nano. Open a Privilege (higher balance requirements) + some other hoops, get iPod Touch. KeyBank has a limited geographical footprint.

Between 7/12/08 and 8/15/08, you must open a Key Express Free Checking (this is the basic banking account in NY), Key Advantage Checking or a Key Business Free Checking Account and by 10/31/08 make one debit card transaction and a combination of two direct deposits or automated payments each of $100 or more to get an iPod® nano.

Buy 1 Movie Ticket, Get 1 Free With Discover Card

Fandango and Discover Card have a promotion going where you can get one free movie ticket with the purchase of one movie ticket at regular price. Thanks JI. Hmm… Batman or Wanted?

Terms & Conditions: This offer is only valid for Discover® Cardmembers who purchase at least one movie ticket on Fandango.com. The one free movie ticket must be used at the same time as the first movie ticket purchased on Fandango.com. This offer is valid from a limited time from 07/01/08-09/30/08, while supplies last. The one free ticket is up to a $12.50 value, including a convenience charge. Limit one free ticket per customer.

Best Discover Cards
Here is a list of no fee 0% APR balance transfer credit cards, including Discover.

New Bonuses: Bank of America $75, PNC Bank $100

Here are some sign-up bonuses for bank accounts. Both seem to be for new bank customers. Thanks to Neerav and Mike.

Bank of America is offering a $75 bonus for opening a MyAccess checking account online. No monthly maintenance fee, no minimum balance, no direct deposit required. It says it is for BofA credit card customers only, but not sure if they really check.

You will receive your $75 credit to your new account within 90 days of opening your new personal checking account online. Limit one $75 incentive per household every 6 months. This is a special offer to existing Bank of America credit card customers and only valid only for new MyAccess Checking® accounts. This offer does not apply to current checking customers or student checking accounts. You must use the Offer Code CH75TAD and fund your account with the $25 minimum opening deposit requirement within 30 days in order to qualify for this offer. We may report the value of any premium to the IRS. This offer expires on 11/30/2008.

PNC Bank is offering a $100 Bonus for new customers opening a new Personal Checking account and making a direct deposit of $500. The Free Checking version has no minimum balance and no monthly service charge.

The payout of $100 will be credited to the qualifying account within 7 days of the first Direct Deposit, which must occur before 9/30/08. The payout will be identified as “Direct Deposit Reward” on your monthly statement. A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account. The minimum amount of any single Direct Deposit must be at least $500. The Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits. Offer available to new PNC Bank Checking account customers only.

Earn 9,999 Delta SkyMiles With 1-Day Car Rental

If you collect Delta SkyMiles like I do, here is a peculiar offer from Delta and Avis/Budget. You can actually earn 9,999 bonus miles for making a single car rental:

Now through August 1, 2008, you can earn 9,999 bonus miles on your next rental placed through delta.com (maximum of 3 bonuses total per customer on both Avis and Budget. […] To qualify for this promotion, you must make your Avis or Budget rental reservation through delta.com with your SkyMiles number. […] Offer may not be used in conjunction with any other AWD number, promotion or offer.

I guess it is to promote getting a car rental from the Delta website. Just make up a flight to the airport you want to rent from, you don’t need to book a flight at the same time. With flights these days costing so much, using frequent flyer miles has become a better deal again. If you value your miles at a conservative penny per mile (30,000 miles = $300 ticket), then this is like earning a $100 bonus for a 1-day car rental. If you needed to rent a car anyways, you probably just got a a free rental! If your city has cheap rates, you could theoretically even rent a car for no reason and still come out ahead… You can repeat 3 times until 8/1.

A Better Credit Card For Delta Regulars
You may not know that you can get 1.25 Delta Skymiles per dollar spent with the Starwood American Express Card, which is 25% more than the 1 mile per dollar from the regular Delta Airlines – Gold Delta SkyMiles® Credit Card (which a lot of people I know have) and even has a lower annual fee.

However, if you fly with a partner a lot on Delta it may be worthwhile to upgrade to the Delta Platinum AMEX because you get a free companion ticket voucher each year. Again, with rising ticket prices this voucher is very valuable. I just used one of these vouchers (via my parents) to travel cross-country for a wedding in November, and they didn’t make me buy an overly expensive base ticket – it was the lowest price shown online. Saved me nearly $500!

Finally, if you have Membership Rewards points from American Express lying around, you can currently get a 20% bonus on transfers into Delta Skymiles. So 1 MR point = 1.2 SkyMiles until 7/31.

Good Chance at Free Movie Ticket Giveaway

Entenmann’s Bakery is having a “Summer Movie Moments” Giveaway where you have a good chance at winning a free movie ticket. I say a very good chance because my sister, my wife, and I all won free movie tickets on the first try. Perfect for the holiday weekend. Thanks Julie!

One entry per person. You may need to use a different computer and/or different IP address for the 2nd person. You print out a customized gift certificate with your name and 16-digit code. Good for up to $12 at these participating theaters (seems like most Regal and Cinemark theaters qualify). Mine expires 10/31/08. From the fine print:

Upon visiting sweetmoments.com, the customer may register to win a free video camera (make and model to be determined), a free movie ticket coupon (up to $12.00 value), a free concession cash coupon ($2.00 value), or a cents-off coupon for Entenmann’s product ($0.55 value). […] You must be a legal resident of AK, AR, AZ, CA, CO, HI, ID, KS, LA, MO, MS, MT, ND, NE, NM, NV, OK, OR, SD, TX, UT, WA, or WY to be eligible to participate in the Summer Movie Moments promotion.