OneWest Bank, formerly IndyMac Bank before it was rescued by the Federal Deposit Insurance Corporation (FDIC) last year, is offering one of the best CD rates for a one year certificate of deposit. The CD rate is currently at 1.99 percent with an annual percentage yield of 2.01 percent.
The CD rate is a special online CD promotion that isn’t available at branch locations. The minimum deposit to open a certificate of deposit account and receive this promotional rate is $5,000. Interest is compounded daily and paid or reinvested into the certificate of deposit account monthly or at maturity. The early withdrawal penalty is six months of simple interest on the rate being paid on the amount withdrawn.
OneWest Bank is also currently paying the following CD rates and CD yields.
- 3 month rate 1.24% - yield 1.25%
- 6 month rate 1.64% - yield 1.65%
- 9 month rate 1.64% - yield 1.65%
- 10 month rate 1.64% - yield 1.65%
- 18 month rate 1.88% - yield 1.90%
- 2 year rate 2.23% - yield 2.25%
- 3 year rate 2.47% - yield 2.50%
- 4 year rate 2.71% - yield 2.75%
- 5 year rate 3.34% - yield 3.40%
OneWest Bank Certificate of Deposit Accounts
Author: CD Rates
October 7th, 2009
