OneWest Bank’s 6 month online certificate of deposit

OneWest Bank (formerly IndyMac Bank) has a decent rate on their 6 month online certificate of deposit. Currently they are offering customers nationwide a 6 month CD yielding 1.90% APY but with a hefty minimum deposit of $5,000. You know it’s looking pretty bleak when the best 6 month CD rates we find are yielding less than 2.0% APY. If you know of a better rate (even if it’s not nationally available) please let us know!

OneWest Bank’s Current Rates:

(as seen on their rates page)

• 3 month CD yielding 1.15% APY
• 9 month CD yielding 1.75% APY (you’re better off taking the 6 month promo online CD)
• 1 year CD yielding 2.25% APY
• 18 month CD yielding 2.30% APY
• 2 year CD yielding 2.45% APY
• 3 year CD yielding 2.80% APY
• 5 year CD yielding 3.50% APY

All of their certificate of deposit products are available online and to anyone within the country. The rates aren’t that spectacular, but if you are looking for a short term CD then the 6 month promo may be your best bet. Compare certificate of deposit rates.

11 month online certificate of deposit through Franklin Synergy Bank

Here is a pretty sweet deal I just found in our inbox if you happen to be in the market for short-term high yield certificates of deposit…

Franklin Synergy Bank has a group of online bank products called their “e-products” which are available to customers nationwide. The only real noteworthy product of the bunch is their 11 month online CD (certificate of deposit). This CD is currently yielding an unheard of rate of 2.78% APY. To put this in perspective, the average rate for 12 month CD’s is currently hovering around 1.33% APY.

Customers can make deposits to their account at anytime from anywhere using what Franklin Synergy Bank refers to as a E-Deposits. Using a traditional flatbed scanner and a computer, customers can scan checks and transmit them to the F.S. bank. They claim this new service will reduce trips to the bank, speed up the processing time and give customers faster access to their money.

Franklin Synergy Bank is headquartered in Tennessee:

3301 Aspen Grove Drive
Suite 106
Franklin, TN 37067
phone: (615) 236-BANK (2265)