MetLife CD Rates

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metlife-cd-ratesThe banking arm of MetLife, MetLife Bank, is offering CD rates that are some of the highest CD rates around. The certificate of deposit accounts have a minimum opening deposit of $2,000. The bank CD rates are tiered, so the more money you deposit into a CD account, the higher the CD rate and CD yield will be.

Shorter term certificate of deposits are all well above the national average CD rates, the current annual percentage yield for a 3-month certificate is 1.00 percent for balances of $2,000 up to $14,999. For account balances of $15,000 to $24,000 the certificate APY is  1.25 percent, for account balances of $50,000 and up the APY is 1.50 percent, one of the best CD rates around.

Metlife CD Rates

12-month certificate of deposit yields for deposits between $2,000 and $14,999 are at 1.25 percent, just above the national average 12-month CD rate of 1.24 percent. The APY is a lot higher for deposits of $50,000 and above, the current APY is 2.00 percent.

Longer term certificate of deposit yields are the same for 24-month CDs, 36-month CDs, 48-month CDs and 60-month CDs. The APY for account balances between $2,000 and $14,999 is currently at 1.50 percent. For account balances between $15,000 and $24,999 the APY is 2.00 percent. Account balances of $25,000 and up earn an APY of 2.25 percent.
Author: Brian McKay
August 25th, 2009