There is great news from Highest CD Rates in regards to this First internet Bank CD rates October, 2014 update. All of the CD terms have seen an increase in their earning potential since we lasted visited them in the beginning of this year.
The current CD rates being offered include the 3 month CD that is earning an APY of 0.45%. The 6 month CD is earning an APY of 0.70%. The 1 year CD is earning an APY of 1.00%. The 18 month CD is earning an APY of 1.10%.
The 2 year CD is earning an APY of 1.25%. The 3 year CD is earning an APY of 1.40%. The 4 year CD is earning an APY of 1.60%. The best CD rates are from the 5 year CD that is earning an APY of 2.00%.
Any account can begin earning the stated First Internet Bank certificate of deposit rates with a minimum deposit of $500. Remember this is an internet bank and there are no branch offices located anywhere in the nation. All transactions are handled by electronic means. This includes all deposits and withdraws.
Even thou they are an online bank only, they are a full service bank with all of the same services you expect from a financial giant expect the long lines waiting for the teller.
The First internet CD rates were posted on October 22, 2014 but are subject to change without any prior notice. When changes do occur they will become active at 10AM EST.