MetLife Bank CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The MetLife Bank provides you with a variety of ways to save your money. It is never too early or too late to start saving your money. If you have decided to start saving money in your 20s or 30s then this is very smart. You are investing in your financial future at an early age. However if you have not started to save money until your 40s then do not despair as you still have plenty of time and opportunity to save for a more financially secure tomorrow!
The MetLife Bank provides you with a variety of ways to save your money. It is never too early or too late to start saving your money. If you have decided to start saving money in your 20s or 30s then this is very smart. You are investing in your financial future at an early age. However if you have not started to save money until your 40s then do not despair as you still have plenty of time and opportunity to save for a more financially secure tomorrow!
The MetLife Bank CD rates are competitive and offer you the flexibility that you desire to have with your money. As well, the CDs through MetLife are all FDIC-insured. This is also the case for other financial products and services as well. Examples of these include money market accounts, high yield savings accounts and IRAs.
If you have decided to open a CD account then you are able to choose from a vast array of terms. You can choose a three month term, a 60 month term or anything in between. Think about your saving and investment goals and then choose the one that is most appropriate for you. If you have never opened a CD account before then to try it out you might want to open a short term one such as a three month CD or a six month CD and from there graduate to a longer term CD.
The Annual Percentage Yield (APY) for certificates of deposit are variable as opposed to fixed. It is important to note that the APY is subject to change at any time and without any prior notice. Tiered CDs as well as Money Market account rates are based on the balance in your bank account.
To open a CD at the MetLife Bank you must deposit $2,000 into the account. If you wish to open a Jumbo CD then the minimum opening deposit is $100,000. The APY that you earn on your money is based on the term of the certificate of deposit as well as the amount of money that you deposited into your account. It is important to choose the term of the CD wisely. The reason for this is because you will have to pay a penalty if you decide to withdraw your money from the CD account early.
Here are the MetLife Bank CD rates (which are current as of July 5, 2010):
• 3 Month Term- 0.25% APY
• 6 Month Term- 0.40% APY
• 9 Month Term- 0.50% APY
• 12 Month Term- 0.40% APY
• 18 Month Term- 0.60% APY
• 24 Month Term- 1.05% APY
• 36 Month Term- 1.50% APY
• 48 Month Term- 1.50% APY
• 60 Month Term- 1.50% APY
To learn more about the CDs offered by the MetLife Bank visit the website at http://www.metlifebank.com/.
