Dedicated to Deposits: Deals, Data, and Discussion

Indymac Bank CD Rate Update - 5.65% 4-Month, 5.50% 9-Month CD

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Update: CD rates have fallen. Please check the bank's website for the latest rates.

Indymac Bank did their weekly rate updates today. The 9-month CD yield is now at 5.50% APY (up from 4.85%). The 3-month yield has dropped from 5.65% to 5.40% APY. However, the yield on the Internet 4-month special CD has increased from 5.40% to 5.65% APY. With the falling rate environment, I consider the extra month in the term as a plus.

For more info on Indymac Bank and the CDs, please refer to this previous Indymac CD post.
  Tags: CD rates

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Comments
4 comments.
Comment #1 by Anonymous posted on
Anonymous
I had a full FDIC-insured amount, longer term CD that matured with IMB recently. Because they recently cut their current CD rates and then likewise significantly cut the rates on their companion Internet First Rate MM, which until then had been amomg the best, I recently moved my entire deposit away from them to the (now discontinued) 6% long term Pentagon FCU CDs. Maybe others did likewise, prompting IMB to try to salvage their rates a bit now. Too late now IMB. Plus, I'll take 4 years at 6% guaranteed any day over 5.65% for 4 months. Thanks Banking Guy -- John C.

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Comment #4 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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