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.