Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.55% - 0.9%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 6 months
- 12 months
- 18 months
- 3 years
- 4 years
iGObanking High Yield CD Review
iGObanking High Yield CD are offered by iGObanking.com, a bank founded in 0 and based in Bayside, NY. iGObanking CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. iGObanking CD only offers traditional CD accounts.
- Higher than average APY. iGObanking High Yield CD has an annual percentage yield of up to 0.9%, which is higher than the national average for 3-month CDs.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. iGObanking CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of iGObanking High Yield CD
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iGObanking High Yield CD FAQ
Are CD from iGObanking.com federally insured?
Yes, your iGObanking.com CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does iGObanking.com offer?
iGObanking CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does iGObanking.com offer on its CDs?
iGObanking CD offers an APY starting at 0.55% and ranging up to 0.9%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does iGObanking CD offer?
iGObanking.com offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.6% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.55% - 0.9% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.9% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with iGObanking.com?
iGObanking CD require a minimum deposit of $1,000 to open an account.
What is the grace period for iGObanking CD?
There is a 7-day grace period for iGObanking CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does iGObanking.com charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
iGObanking.com charges an early withdrawal fee.
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