E-Loan Paying 0.600% APY on 3-Month CDs

E-LOAN, offers 0.600% APY on regular 3-month term certificates of deposit. You would have to deposit a minimum amount of $10,000 to open a CD at this bank. The interest is compounded on a daily basis and will be credited to your account at the end of the 3 month period.

The bank offers 1.61% APY on 60-month CDs, and 1.05% APY on 24-month CDs. All deposits upto $250,000 are FDIC insured. You have to maintain a minimum balance of $10,000 to earn the specified APY on the CD.