Indymac Bank CD Rate Update - 5.65% 4-Month, 5.50% 9-Month CD
Feb 21, 2008 - 6:36 PM by Ken Tumin
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.
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.
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Anonymous - #1, Tuesday, October 23, 2007 - 2:26 PM
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.
Sharlotte (anonymous) - #2, Tuesday, July 15, 2008 - 11:15 AM
Hi. I found your blog very interesting. Every time it comes to bank services I do not know which bank to choose. It is quite a problem at the present time you know. So many troubles and misunderstandings, that it is quite scaring. This time, on a really great site, www.pissedconsumer.com, I learned about IndyMac Bank. The bank has numerous reviews. Most of the feedbacks are positive. That is why this time I consider IndyMac Bank.
Chase (anonymous) - #3, Wednesday, July 16, 2008 - 6:00 AM
Hello. What a great blog. Concerning IndyMac Bank which I happened to notice here I have to say – it is not that bad. However, on www.pissedconsumer.com the clients complain about the bank, I have to say that you have to listen to people’s experience but also it is good to run a risk and try it yourself. Who knows maybe you will be a satisfied customer.
Boby (anonymous) - #4, Thursday, July 31, 2008 - 6:45 AM
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.pissedconsumer.com. Although the feedbacks about the company were not very positive I still ran a risk and went there.
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