IndyMac Bank CD Rates
IndyMac Bank is the 7th largest savings & loan in the United States. Highest CD Rates Info decided to check out IndyMacBank rates on certificates of deposit to see if we found any interesting offerings that met our criteria of being among the highest CD rates.
One of the most interesting IndyMac Bank CD rates that we found was on the IndyMac Bank Online 1 Year CD Special. This Indy Mac CD has an interest rate of 4.16 percent, and an Annual Percentage Yield (APY) of 4.25 percent. At the risk of stating the obvious, as the name suggests this Indy Mac Bank CD has a term of 12 months. Also, this Online CD Special has a minimum deposit of $5,000. Given the other CDs on the market these day, this strikes us as a very good rate for a 12 month CD.
For those interested in a short term CD with a term of less than one year, you might also be interested to hear about another IndyMac Bank CD that we found. the IndyMac Online 6 Month CD Special has an interest rate of 3.92 percent and an Annual Percentage Rate of 4.00 percent. This IndyMac CD also has a minimum investment of $5,000. In today’s financial environment, we believe that this is a highly competitive rate for a short-term CD with a term of 6 months.
These two special CDs could be the first 2 rungs in a CD ladder allowing for liquidity every 6 months. Please be sure to check the IndyMac Bank web site to confirm the current rates and terms available in your area.