If you happen to have a Flagstar Bank branch near you, you might want to take a quick trip there and ask them about their 10% 6 month CD promotion. jlvkfyang is reporting in the forums that they are offering this deal and he just opened an CD there. There is a maximum deposit on this promotion of $2500 meaning you’ll get $125 in interest for the six months.

It also is worthwhile to pay close attention to the credit unions in your area. These type of high interest promotions are a lot more prevalent than most people believe although they will be capped at a certain amount that can be deposited. It is a way that many credit unions build their customer base and it’s an opportunity for you to make your hard earned money pay a bit more back to you.