indymacBank has a promotion going on right now for new certificates of deposit with a 5000 dollar minimum deposit. They are offering a great 12 month CD rate of 4.15% APY which edges out Countrywide’s 1 year CD rate of 4.10% APY. Countrywide’s minimum deposit is also double indymacbank’s at 10,000 dollars.
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 [...]