Home Loan Investment Bank is advertising three competitive CD rates. The best deal is the 4-year CD with a 2.50% APY. The others are a 2.75% APY 5-year CD and a 2.00% APY 3-year CD. Minimum deposit is $1,000. These rates were advertised in today's (4/17/2011) The Providence Journal. The ad is available online here. The 5-year and 3-year rates are also listed on the bank's home page as of 4/17/2011.
It appears that a branch visit is required to open an account. Home Loan Investment Bank branches are located in Warwick and Providence, Rhode Island.
The bank's overall health score is 3 stars (out of 5) with a Texas Ratio of 65.72% (below average) based on December 2010 data. The bank is also operating under an OTS Cease and Desist Order dated 8/18/2009. Please refer to our financial overview of Home Loan Investment Bank for more details. The bank has been a FDIC member since 1994 (FDIC Certificate # 27417).
Searching for the Best CD Rates
As a comparison to the highest CD rates available nationwide, Home Loan's 4-year CD rate is on top. The best 4-year CD rate available nationwide is 2.45% APY at Fort Knox FCU.
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.