Indymac bank currently has some of the best certificate of deposit rates available on 5 and 6 month certificates. Indymac also has a 5.45% APY rate on their 1 year maturity term certificate. Here are some of the features and requirements:

• Minimum to open is $5,000 (Internet Only).
• Terms are from 90 days to 5 years.
• For customized terms, other than those listed above, please call our Customer Contact Center.
• Interest is compounded daily and paid or reinvested into the account monthly or at maturity. The interest rate depends on the term of the CD.
• A penalty will be assessed for early withdrawal.
• For your convenience, your CD renews automatically for the same term at the current rate at that time.