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MetLife Bank CDs with tiered interest rates

Category: Bank Deals, CD Rates- fhuff- 7:36 am/ June 27, 2011

MetLife Bank has a 1-year certificate of deposit that earns 1.3 percent annual percentage yield (APY). The CD rate is for balances of $25,000 and up that are deposited in a single transaction. Certifcates of deposit can be opened online or by phone using offer code Snoopy16. Other terms of the certificate of deposit offer include:

  • Choose a traditional CD or IRA CD
  • IRA CDs cannot be opened online
  • Funds deposited into CD must come from non-MetLife source
  • Minimum deposit to open CD is $2,000
  • Early withdrawal results in a penalty
  • Insured by the Federal Deposit Insurance Corporation (FDIC)
  • Free Identity Theft Resolution Services for being a MetLife customer

The certificate of deposit has tiered interest rates that include 0.9 percent APY for balances of 2,000 to $14,999 and 1.1 percent APY for $15,000 to $24,999. MetLife Bank has other CD rates and terms from 3 months to 5 years. Among the CD rates are 1.35 percent APY for 18 months, 1.55 percent APY for 2 years, 1.9 percent APY for 3, 4, and 5 years. Those CD rates are for deposits of $25,000 to $49,999.

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