Home Loan Investment Bank raised its long-term CD rates last week, and now its 5-year and 3-year CD and IRA CD rates are very competitive. Its 5-year CD has a 2.00% APY, and its 3-year CD has a 1.50% APY. Minimum deposit is $1,000. These rates are listed in the bank’s CD page as of 7/29/2013. According to the small print at the bottom of this page rates apply only to residents of RI, MA and CT.
If you’re interested in these CDs, please refer to the bank’s contact page where they list the bank’s phone numbers and email address.
The bank has branches in Providence and Warwick, Rhode Island.
The bank's overall health score is 4 stars (out of 5) with a Texas Ratio of 24.29% (average) based on March 2013 data. 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).
How These CD Rates Compare
2% 5-year CDs have become more common in the last month. As I mentioned on Friday there are three internet banks that offer these with the best yield being 2.06% APY at EverBank as of 7/29/2013.
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.