RateAPY

Up to 2.86% APY for CDs from Bank of the Internet

Posted by: RateAPY Bank Rates News
May 28th, 2010

Some folks like lots of choices, and some like to have their cake and eat it, too. If you’re either one of those–and you’ve already gotten as far as deciding to invest your money in certificates of deposit–you’ll like Bank of the Internet’s wide range of high interest rates and terms.

APYs start at 0.35% for a 3- to 5-month term, all the way up to 2.86% for a 5-year CD. There are seven different rates and terms to choose from; if you’re so inclined, you can arrange your CD investments like the fancy dessert cake with the same number of layers, and enjoy the savings plus interest for years to come without sacrificing liquidity.

Bank of the Internet High Interest CDs

Here are Bank of the Internet’s APY offers, by CD term, as of May 28, 2010:

• 0.35% for 3- to 5-month CD
• 0.75% for 6- to 11-month CD
• 1.54% for 12- to 23-month CD
• 2.00% for 24- to 35-month CD
• 2.42% for 36- to 47-month CD
• 2.92% for 48- to 59-month CD
• 2.86% for 60-month CD

These CDs feature free electronic interest transfers and auto renewal with a 10-day grace period. Maintain a minimum balance of $1,000 and avoid early withdrawal penalties by sticking to the terms of your CD.

Of course, a wise investor will want to compare CD interest rates before making a commitment. But for those who still can’t decide, let them eat cake!