Best CD Rates Info

IndyMac Bank is a California based financial institution that bills itself as the 7th largest savings and loan in the United States, and it is traded on the New York Stock Exchange. IndyMac Bank has recently advertised an Online 10 Month CD Special that is definitely worth checking out, especially if you would like a high interest cd without tying up your money for a full year or more.

In keeping with our search here at Best CD Rates Info for high interest CDs, this Indy Mac certificate of deposit has an annual interest rate of 3.97 percent, and an Annual Percentage Yield of 4.05 percent. As you can tell by the name, this IndyMac online special CD has a ten month term.

It is not very common to see an interest rate and yield this high for a term less than a year, making it one of the best CD rates that we’ve seen for such a short term. One thing to note is that the minimum investment for this CD rate is $5,000. Also, like many certificates of deposit, this IndyMac online CD does charge penalties for withdrawing the money before the end of the term.

This IndyMac CD is advertised as a Special, so you may want to visit the IndyMac web site for more information soon, and to confirm the rates and terms that are available in your area. Although this offer is still being advertised as of the date of this posting, with these kinds of terms this special CD may not last too long!