Top CD Rates with OneWest Bank, 2.13% APY for 10-month Certificate of Deposit
OneWest Bank pushes for a new online certificate of deposit which comes with their highest rate of 2.13% APY for terms of 10, 12, and 18 months. The minimum funding to open the account is $5000.
The bank also gives its best rates for their Online Keep Your Options Open CD . This certificate of deposit permits the account holder to boost the investment through additional deposits. The ceiling for this CD is set at $100,000. It also lets consumers take out two early withdrawals without having to worry about any penalties.
OneWest applies the usual early withdrawal penalties for the certificates of deposit. CDs with less than 180 days term have a penalty of 1 month’s interest, 3 month’s earnings for 180 days to below 12 months, and 6 months of interest for CDs 1 year or over.
The rates that we have here apply to the online certificates of deposits. The cd branch rates are a few basis points lower.
OneWest was the former IndyMac Bank. The sale of IndyMac was done last March and the new owners opted for new nomenclature. The new bank is not carrying the bad loan problems of IndyMac.
OneWest is registered with the FDIC with certificate number 58978.
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