Dedicated to Deposits: Deals, Data, and Discussion

5.75% 4-Month Indymac Bank Internet CD Special

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Indymac Bank is now offering an internet special 5.75% APY yield on a 4-month CD. The minimum deposit is $5,000. Indymac also increased the 6-month internet CD yield to 5.70% APY. Previously, only the 5-month CD had this rate.

For more information on Indymac and these CDs, please refer to my Monday post.

Thanks to Mike who mentioned this new CD special in the finding deals post.

  Tags: CD rates

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
Though this is probably not significant enough to mention, I am bored and thought I would say that if the 5.60 APR rate is truly compounded daily as the website says, the actual APY is 5.759314089 which some banks might consider 5.76 APY

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Comment #2 by Anonymous posted on
Anonymous
They already reduced this to 5.4% effective 9/24.

1
Comment #5 by Boby (anonymous) posted on
Boby
Hello. I find your blog very interesting. I think that everyone had something to do with banks. It is hard to choose a good and reliable one. After so many banks I had to deal with I should say that Indymac Bank is the best one. I learned about it from www.****edconsumer.com. Although the feedbacks about the company were not very positive I still ran a risk and went there.

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