Bank of Internet – 2.02% 12 Month CD

Bank of Internet is having has always had decent rates, and their 2.02% 12 month CD is still pretty competitive considering how much rates have fallen over the past couple of years. Their 12 month CD is actually higher than their 24 month CD which is currently at 2%.

A couple of items to note about the cd:

• There is a minimum of $1000

• There is a grace period of 10 days if you decide that you don’t want to renew it once the 12 months is up
• The early withdrawl penalty is 6 months, so since this being a year CD you would lose half of your interest so be sure you can tie up this money for 12 months
• You have the option to roll the interest back into the CD or have it sent via ACH to another account

I don’t currently have any accounts with Bank of Internet since I am still pretty happy with my high yield checking account, so I can’t comment on service or the opening process, but I have never heard of any major complaints from readers.

Bank of Internet is FDIC insured (FDIC Cert# 35546) and have a sound 4 star rating at Bankrate.com

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NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.

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