iGObanking Slashes Their Long-Term CD Rates

Their 10-year and 7-year CD rates plummeted today:

• 2.00% APY 10-year CD (was 3.25%)
• 1.50% APY 7-year CD (was 2.75%)

It's interesting to note that these rates are lower than the bank's 5-year CD APY of 2.25%. But that's typical of iGObanking. They often go from competitive rates to very uncompetitive rates on certain terms. For example, their 12-month CD rates are only 0.25%.