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E-Loan Changes 2 Year and 5 Year CD Rates

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LinkedIn, a wholly-owned subsidiary of Banco Popular North America (BPNA), recently changed the CD rates they are paying on 2 year and 5 year certificates of deposit. The rate changes were to both regular and jumbo certificates of deposit.

When you open a CD account or savings account with E-Loan, you are actually opening it through BPNA, a New York state chartered bank that has deposits insured by the FDIC. BPNA's FDIC certificate number is 34967. BPNA's website is

E-Loan's regular and jumbo 2 year CD rates were lowered to 1.49 percent with a yield of 1.50 percent. The old 2 year CD rate was 1.54 percent with a yield of 1.55 percent. 5 year regular and jumbo CD rates were lowered to 2.03 percent with a yield of 2.05 percent, down from 2.08 percent with a yield of 2.10 percent.'s CD rates are tiered but currently the rates and yields are the same for any CD account balance. The minimum opening balance for an E-Loan CD account is $10,000. Listed below is a current list of all CD rates.

Current E-Loan CD Rates

  • 1 Month CD Rate 0.05% Yield 0.05%
  • 2 Month CD Rate 0.05% Yield 0.05%
  • 3 Month CD Rate 0.25% Yield 0.25%
  • 6 Month CD Rate 0.85% Yield 0.85%
  • 9 Month CD Rate 0.45% Yield 0.45%
  • 1 Year CD Rate 1.25% Yield 1.26%
  • 18 Month CD Rate 1.34% Yield 1.35%
  • 2 Year CD Rate 1.49% Yield 1.50%
  • 3 Year CD Rate 1.64% Yield 1.65%
  • 4 Year CD Rate 1.78% Yield 1.80%
  • 5 Year CD Rate 2.03% Yield 2.05%
  • 6 Year CD Rate 1.54% Yield 1.55%

As with most online banks these days, opening a CD account at is quick and easy. You will need to provide your name and a US address along with your social security number, date of birth, and a Mother's Maiden Name. You will also have to provide an email address so the bank can send notifications of electronic disclosures and statements.

The only way you can get account notifications, disclosures, and statements is by email. Withdrawing your consent to receive electronic delivery of disclosures and statements closes your CD account. At that point, you will have to pay an early withdrawal penalty on the account. Listed below are's early withdrawal penalties for CD accounts. Early Withdrawal Penalties for CD Accounts

Original CD Term: Penalty

  • Less than 3 months: 89 days simple interest
  • 3 months up to 12 months: 120 days simple interest
  • 12 months up to 36 months: 270 days simple interest
  • 36 months up to 60 months: 365 days simple interest
  • 60 months or Greater: 730 days simple interest is an online bank and lender. They prefer for you to do all of your transactions online, which is why they can usually offer higher CD rates than traditional brick and mortar banks. You can speak to a representative by calling their Customer Care Center at 1-866-576-7283.

You can add or withdraw any money from your account by having a linked account setup. Whenever you add or withdraw money, it will take 2-3 business days for a transaction to complete. Interest on your CD account is compounded daily and credited monthly. You can open an account on E-Loan's website at
E­Loan Account Application.

Author: Brian McKay
June 27th, 2016