MetLife Best CD Rates

Metlife Bank, the banking arm of Metropolitan Life Insurance Company is offering one of the best CD rates around these days for a 3-month CD. The current annual percentage yield on the 3-months certificate of deposit is 1.50 percent. The current national average rate for 3-month CD interest rates is 0.637 percent, MetLife current CD rates are a lot higher as you can see.

The minimum opening deposit for certificate of deposit accounts at MetLife Bank is $2,000. To earn the 1.50 annual percentage yield the minimum deposit is $25,000. Certificate of deposit accounts with balances between $2,000 and $14,999 earn an annual percentage yield of 1.00 percent. Certificate of deposit accounts with balances between $15,000 and $24,999 earn an annual percentage yield of 1.25 percent, still a high CD interest rate for 3-month banks CD rates.

Interest earned on certificate of deposits is compounded daily and credited to the account monthly. All deposits are FDIC insured up to $250,000 until December 31, 2013.

After December 31, 2013, FDIC insurance will return to $100,000 per depositor for each account category except Traditional IRAs (IRA CD rates)and Roth IRAs (and other certain retirement accounts), which will remain at $250,000 per depositor.