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OneWest Bank, formerly the failed IndyMac Bank is offering some of the best CD rates available today. Their special online CD rates are a lot higher than their CD rates at branch locations. Right now, the bank's 10-months, 12-months and 18-months certificate of deposits all have an annual percentage rate. OneWest Bank CD offers an APY starting at 0.1% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change). What types of terms does OneWest Bank CD offer? CIT Bank offers CD.
Keep your money working for you. Certificates of Deposit, or CDs, are one of the safest investments you can make. Enjoy financial security knowing your funds are FDIC-insured up to the maximum allowable limits.
BankWest provides competitive rates and flexible terms.
| Accounts | Key Benefits |
|---|---|
| Term CD | Flexible terms, low, minimum opening deposit and fixed or variable rates make this a great, safe savings option. |
| For the Future CD | A low, opening balance of $100 will open this savings product that matures as your children do. |
| Freedom CD | The Freedom CD offers a fixed rate with the flexibility to cash out without penalty after only 7 days. |
Term Certificate of Deposit (CD)
- Terms from 12 months to 60+ months
- Low, minimum opening deposit of $1,000 required
- Fixed or variable rates
- Penalty for early withdrawal
For the Future CD
- An account to help adults provide children with a financial jumpstart on college, trade school or a career.
- This CD can be opened with as little as $100. If the balance of the CD is less than $1,000, an ongoing monthly deposit of $10 or more is required until the CD balance reaches $1,000.*
- The CD can be held in the adult’s name with the child as the beneficiary in order for the minor to be eligible for student loans and scholarships without the “For The Future CD” being considered as an available asset for the minor.
- At account opening, the parent and/or adult chooses who will control assets at maturity.
- This CD matures in May of the student’s senior year in high school or when the youth reaches age 19, whichever occurs first.
- Variable interest rate
- Penalty for early withdrawal
Freedom CD
- 12-month term
- $5,000 minimum opening deposit required
- May be cashed without penalty any time after the FDIC’s seven-day deposit requirement
- Customers can have one (1) partial withdrawal per year as long as the remaining balance does not fall below the minimum required opening balance
- Fixed rate
Curious about our Certificate of Deposit rates?
We provide competitive rates and flexible terms. Contact us to discuss our current CD rates. Call (800) 253-0362, visit one of our branches or contact us using our online contact form.
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