MetLife Bank Ratings – CD Account (4/5)

 MetLife Bank offers above average CD accounts with competitive interest rates.  MetLife Bank offers CD accounts for term lengths ranging from three months to five years.  A minimum deposit of $2,000 is required to open an account, which is about average when compared to major banks.  There are no fees associated with the account other than early withdrawal penalties, which are modest in nature (three to six months interest deducted depending on term length).  The interest rate for the range of three months to two years is competitive, ranging from 0.25% to 0.95%.  What really makes MetLife Bank stand out in regards to their CD accounts are the above average rates offered for the 3 year to five year term lengths, with rates between 1.00% and 1.40%.  Keep in mind that this is for the minimum deposit.  If one were to put at least 100,000 in funds into a CD account the interest rates jump as much as 50%.  For instance, with a five year CD account the interest rate goes from 1.40% (with $2,000 to $15,000 invested) to 1.90% (with $100,000+ invested).  All in all we found MetLife Bank’s CD accounts to be a great alternative worth considering in today’s economic times.

CD Rating