Metlife Bank with Special CD Programs with Yields as High as 4.40%
The Metlife Bank is inviting consumers to take advantage of their best CD rates tied with their 2-year program. A minimum deposit of $15K-$25K will yield 4.15%. Other tiers are at 4.25% ($25K-$50K), 4.35% ($50K-$100K), and 4.40% ($100K above). These are also available as IRA certificates. The interests compounded on a daily basis and credited to the account every month.
The bank also offers long term certificate of deposits which are 10 basis points higher. The rates may change any day but bank representatives
Accounts can be opened through several avenues like phone, internet, or via snail mail. These can be funded by sending in checks, ACH transfer, or wire transfer. Metlife allows 15 days for funding the account so the rate during account opening will be applicable.
Upon maturity of the account, the bank will be able to assist the consumer by accepting instructions over the phone. The funds may be redeemed to an external account through ACH transfer. For a minimal fee of $25, the bank may send checks to the account holder or transfer the funds via wire. The bank also gives a 10-day grace period upon maturity.
Metlife Bank has a 3-star rating from bankrate.com for financial soundness while BauerFinancial issued 3.5 stars for the bank’s performance.
The bank is insured with the FDIC with certificate # 35055.
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