If you have at least $25,000 to put in savings, MetLife Bank has a 12-month CD rate of 2.25% APY. The CD rate is good for a traditional certificate of deposit or an IRA CD. You can open the account online or by phone and use the code Sally8 to receive the special CD rate.
Other requirements for opening a MetLife Bank certificate of deposit include:
- CD rates are good as of Sept. 15, but are subject to change at any time
- $25,000 must be deposited in a single transaction
- Deposit must come from a non-MetLife Bank account
- Accounts with less than $25,000 earn lower CD rates
MetLife Bank has other CD rates available with terms that range from 6 months to 60 months. Among the rates available are:
- 1.55% APY for 6 months for $25,000 - $49,999
- 1.85% for 18 months for $15,000 - $24,999
- 2% APY for 24 months for $15,000 - $24,999
- 2.25% APY for 36 months $25,000 - $49,999
The minimum deposit required to open a CD account is $2,000. MetLife Bank also has a jumbo CD for savings of $100,000 or higher. The Federal Deposit Insurance Corporation (FDIC) insures deposits for up to $250,000 per individual account holder.
Although you can withdraw money from a CD early due to an emergency, you have to pay a penalty equal to 3 to 6 months interest.
- 6 Month CD 1.07 %
- 1-year CD 1.34 %
- 2-year CD 1.74 %
- Money Market Account 1.05 %
- Savings Account 1.04 %
- 30-year Fixed Mortgage 4.73 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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