Accounts mentioned in this post. Rates as of May 27, 2012.

Top 4-Year CD Rate at Home Loan Investment Bank in Rhode Island - Local Only

Apr 17, 2011 - 4:35 PM by Ken Tumin

Home Loan Investment Bank, F.S.B.

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.


Banks Mentioned in this Post:

Home Loan Investment Bank, F.S.B.
Locations: 3   Health Rating:
 
Recent Posts: Competitive 3-Year CD at Home Loan Investment Bank in Rhode Island


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Emily Morgan

Emily Morgan (anonymous) - #1, Tuesday, May 31, 2011 - 2:33 AM

Home Loan Investment Bank requires consumers to deposit a minimum balance of $1,000 to open an account and avail of this top cd rates. There is an early withdrawal penalty in case you decide to take out some money before the maturity date. The earnings of these certificates of deposit are calculated on a daily basis and paid monthly. The CD rates listed above are subject to change anytime, so if in case you are thinking of getting these best cd rates check first with the bank for the latest interest rates. Individuals who want to take advantage of this best certificate of deposit may apply directly through one of their branches. Home Loan Investment Bank has branches in the cities of Warwick and Providence in the state of Rhode Island. You may also want to call their customer service regarding cd rates and other specifics of the account.


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