MetLife bank CD rates and bank review
MetLife Bank is a direct bank that offers its products online, over the phone and/or through the mail – offering no physical branches. Originally founded in 1999 in New Jersey, Metlife has quickly grown to almost $14.70 billion in consumer deposits and over 5,000 employees.
It offers a complete selection of consumer loan and deposit products. Visit our Metlife Mortgage Review to see what consumers say about their mortgage products. Below is a list of their savings products. Metlife Bank is FDIC insured (FDIC certificate # 35055).
- Rewards Checking Accounts
- Free Checking Accounts
- CDs (Certificates of Deposit)
- Individual Retirement Accounts (IRA’s)
Recent News and Acquisitions affecting MetLife bank:
- June 4, 2008 – MetLife Bank to acquire selected assets of First Tennessee Bank N.A.
- May 30, 2008 – MetLife Bank completes acquisition of EverBank Reverse Mortgage LLC
- April 3, 2008 – MetLife and EverBank sign agreement to purchase EverBank Reverse Mortgage LLC
- December 5, 2006 – MetLife Bank to provide identity theft resolution at no cost to all its depositors
- October 3, 2006 – MetLife Bank offers free tips and free materials to help women plan for retirement
MetLife Bank’s CD rates frequently top BankVibe’s top CD rate charts.
Current Deposit Rates:
(Rates accurate as of October 2011)
MetLife Bank’s 12 month CD rates: 1.00% APY. They are also featuring a special 1 year IRA CD with an APY of 1.30%.
MetLife Bank’s 2 year CD rates: 0.75% APY. This rate is the same for both normal deposits and IRA accounts.
MetLife Bank’s 5 year CD rates: 0.75% APY. This rate is the same for both normal deposits and IRA accounts.
