IndyMac Bank Raises Deposit Rates Again

IndyMac Bank (FDIC# 29730) increased deposit rate again with both their 5-month and 6-month CD terms now yielding 5.70% with a simple interest rate of 5.55%. Minimum deposit is $5,00 and accounts must be opened online.

IndyMac Bank is the nation’s 2nd largest independent mortgage broker and is facing well-publicized difficulties with their mortgage portfolio. But in the last week a few good signs for IndyMac have emerged including: IndyMac Bank has returned to the prime jumbo mortgage lending market, they have hired over 600 new mortgage professional employees from a possibly bankrupt American Home Mortgage, and IndyMac’s stock price recover from its previous low.