Indymac Bank has very high CD rates for their 3 month CD at 5.40% APY. A high rate on a 3 month CD is great because your money is not tied up for long.
The main drawback is that they require $5,000 minimum to open a CD. They are FDIC insured.
In contrast Eloan’s 3 month CD is only at 5.00% APY.
January 4th, 2008
1.15%
1.11%
1.05%