One West Bank, formerly Indymac, is offering a 10-month CD that pays 2.15% APY.
One West Bank, formerly Indymac Bank, is offering a 10-month CD that pays 2.15% APY. That compares very favorably to the top 12-month CD rate of 2.20% APY.
One West Bank is the entity that emerged from the collapse of Indymac. The bank was purchased by several private equity investors who along with the FDIC recapitalized the bank and renamed it One West Bank.
Like its predecessor, One West Bank has competitive savings and CD rates. The bank also has a relatively easy online application and makes its rates available nationally. In fact, many of its best rates, like the 10-month CD are only available online.
DollarSavingsDirect is offering a 16-month CD paying 2.25% APY. To open the CD and get the rate, you must first open a DollarSavingsDirect Savings or Checking account.
DollarSavingsDirect is offering a 16-month CD paying 2.25% APY. The 2.25% APY rate is quite competitive, matching the top 18-month CD rate on the BestCashCow rate tables.
To open the CD and get the rate, you must first open a DollarSavingsDirect Savings or Checking account. DollarSavings is currently paying 1.70% APY which not as competitive and towards the bottom of the BestCashCow tables. Still, it's much more competitive than the rate offered by most traditional or local banks.
The CD has a minimum balance of $1,000.
DollarSavingsDirect is a division of Emigrant Bank. Emigrant is having financial problems and is rated 0 out of 5 stars (the lowest rating possible). As user Green mentioned in another post, DollarSavingsDirect now has a link to foreclosed property that they own and are trying to sell. That's not the most encouraging sign.
If you do decide to open the CD, be sure to stay below FDIC limits.
Golf Savings Bank is offering a 4-year CD paying 3.5% APY. That's currently the best rate on the BestCashCow 48-month CD rate table.
Golf Savings Bank is offering a 4-year CD paying 3.5% APY. That's currently the best 48-month CD rate on the BestCashCow rate tables. The minimum deposit is $10,000.
The account can be opened online and can be funded from an existing online banking account using ACH. The CD rate locks upon completion of the applications.
The bank is headquartered in Mountlake Terrace, Washington and $562 million in assets. Golf Savings Bank has a 3 out of 5 star rating (adequate) from Bauer Financial for its safety and soundness.
BestCashCow is the most comprehensive bank rate site on the Internet. Since 2005, we have monitored savings account, money market account and Certificate of Deposit rates from over 8,000 banks and 7,700 credit unions to find and display the best offers for those looking to earn and save more. You can learn more about the company here.
BestCashCow is the most comprehensive bank rate site on the Internet. Since 2005, we have monitored savings account, money market account and Certificate of Deposit rates from over 8,000 banks and 7,700 credit unions to find and display the best offers for those looking to earn and save more. You can learn more about the company here.
