Higher Rates for Higher Deposits at MetLife Bank

We all want our money to work for us, and this is where interest rates work at our advantage. We all know that one of the most secure ways to make our money earn is by investing in certificates of deposit. One of the best places we can do so is at MetLife Bank.

MetLife Bank is known for solid financial services and insurance offers that they provide to their customers. They are indeed committed in making sure that they help their clients and customers build a good financial future. They also offer competitive rates to keep their clients investments on top of the market. In terms of security, MetLife is FDIC insured, ensuring their depositors money for as much as $250,000.

MetLife Certificates of Deposits

Unlike most banks where the CD rates are fixed depending on the term chosen, MetLife Bank is offering their depositors higher rates for larger deposits. For example, a three month term with a deposit of $2,000 to $14,999, can give you an APY of 0.25% whereas deposits of $15,000 to $24,999 can give a higher APY of 0.35%. Furthermore, deposits of $25,000 – $49,999 can give a rate of 0.45%. They also have jumbo CDs for deposits over $100,000 which offers an even higher rate of 0.50%, and that’s only for the three month term. For the 12 month term, a deposit of $2,000 to $14,999, can give an annual percentage yield of 0.85%, and as much as 1.05% for jumbo CDs.

With these unique tiered rates, depositors can be encouraged to save more, so they can also make the most out of their money. The other rates they have can be found in their website and for those who are interested they can simply contact MetLife and ask questions with regards to their certificates of deposits.


American Plus Bank Remains Competitive with Its Low CD Rates

Like many banks these days, American Plus Bank has dropped its rates to remain competitive. However, some of their best CD rates come from the mid-term maturity periods, the one-year term included. Since this maturity period is the most perfect start-up for beginners and low-risk takers alike, it won’t be long before you’ll find yourself among those eager to set-up an account now.

About the Rates

Local deals and credit unions aside, the top contender for the 1-year CD is currently held by Doral Bank’s 1.15% rate. By comparison, American Plus Bank’s 1.11% does not lag far behind in this race. This is good news to those who have been waiting to score a great CD deal with American Plus for a long time as they will surely be assured of excellent growth with their hard-earned money.

The CD maturity terms from America Plus ranges from seven days to 60 months or 5 years. The rates vary in value, but the best ones are from the 12-months up to 24-months deal.

The minimum initial deposit to open an account is $1,000. For a much higher maturity earning, pump this up to an unlimited amount of over $100,000.

More information regarding fees and other specifics will be provided as soon as you contact one of their friendly customer service assistant either online or by phone to the bank nearest you.

About American Plus Bank

American Plus Bank was founded in 2007. Despite it being young in the world of banking and financial services, it rose to the rank of being 143rd largest bank in California. One of the great things about American Plus is that it boasts of a 55% higher than the national average with its rates. It is headquartered on Arcadia, California and currently provides electronic cash management system in an effort to push a wider selection of services to its growing consumers.