Metlife Bank gives highest CD rate this June

With certificates of deposit having an average yield of 0.45% this June, it’s hard to see us profiting much. But the thing is, despite this low average, there are still banks out there that can give us double that rate. One of the highest APY’s we can get this June is from Metlife Bank, with an annual percentage yield of a whopping 1.30%. Although minimum deposits for CD’s with Metlife start with as low as $2,000, only consumers with a minimum deposit of $25,000 can avail of this rate. This rate of 1.30% is for a 12 month CD. If you’re looking for other terms though, here’s the list:

All rates are Annual Percentage Yield (APY*)

1. 3 months
$2,000 – $14,999 : 0.25%
$15,000 – $24,999 : 0.35%
$25,000 – $49,999 : 0.45%

2. 6 months
$2,000 – $14,999 : 0.35%
$15,000 – $24,999 : 0.55%
$25,000 – $49,999 : 0.65%

3. 9 months
$2,000 – $14,999 : 0.40%
$15,000 – $24,999 : 0.65%
$25,000 – $49,999 : 0.70%

4. 12 months
$2,000 – $14,999 : 0.90%
$15,000 – $24,999 : 1.10%
$25,000 – $49,999 : 1.30%

5. 18 months
$2,000 – $14,999 : 1.15%
$15,000 – $24,999 : 1.25%
$25,000 – $49,999 : 1.35%

6. 24 months
$2,000 – $14,999 : 1.05%
$15,000 – $24,999 : 1.40%
$25,000 – $49,999 : 1.55%

7. 36 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

8. 48 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

9. 60 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

Metlife Bank is a federally chartered bank that begun in 2001. Despite it’s youth, this bank is already boasting a $10 billion in customer deposits and it is also ranked as one of the top 100 commercial banks in the United States. Aside from certificates of deposit, Metlife bank offers money market accounts, high yield savings accounts, and individual retirement accounts to help their customers get more out of their money. For those wanting to avail of loans, metlife also offers traditional mortgages of fixed-rate loans, ARM’s, flexible products for first-time homebuyers, FHA and VA loans, financing for new construction and jumbo financing of up to $2 million.

Plus, retirees of age 62 and above can benefit from their reverse mortgage program. Customer support is also present with a number of ways to contact them. Either by phone, email or a secure online contact form. Telephone services are available 24/7 enabling you to access your account balance, transaction information and even make transfers between MetLife Bank accounts. Lost or stolen ATM cards can easily be reported and you can also make ATM card PIN changes.

With the high CD rates Metlife Bank is giving out this June, there’s no need to second guess where you should put your money. Earn more with Metlife.

Related BankAim Articles

No comments yet. Be the first.

Leave a reply

*email address will be kept confidential