Have you been looking for a CD for investing your money? High interest rates may seem appealing, but are they really the best bet?
Posted on July 12, 2010 by
CA Hagy
Articles by tag - indymac
One West Bank is the new name for IndyMac Federal Bank, which was recently sold to a consortium of investors. The new bank has $16 billion in assets.
Posted on June 12, 2009 by
BankMan
Indymac, one of the first banks to feel the imapact of the credit crisis was purchased today by a consortium led by Dune Capital member Steve Munchin and hedge fund members John Paulson and Christopher Flowers. They agreed to inject $1.3 billion in cash into the bank.
Posted on January 03, 2009 by
Sam Cass
IndyMac has fantastic customer service, and my experience with them shows that it is well worthwhile to open CDs in this low interest rate environment.
Posted on August 27, 2008 by
soczie
PASADENA, Calif., Aug 01, 2008 (BUSINESS WIRE) -- On Friday, August 1, 2008, IndyMac Bancorp, the former holding company of IndyMac Bank filed for bankruptcy protection under the U.S. Bankruptcy Code (Title 11, Chapter 7 U.S.C). This action has no effect on the operations of IndyMac Federal Bank, FSB, which came into existence on July 11, 2008, when IndyMac Bank was removed from its holding company, IndyMac Bancorp, and IndyMac Federal Bank was placed into conservatorship by the Federal Deposit Insurance Corporation (FDIC). Other than a similarity of name, IndyMac Federal Bank has no relationship, nor does it share any employees, with IndyMac Bancorp.
Posted on August 01, 2008 by
BankMan
According to the FDIC website, Indymac will continue to pay interest at the contract rate. I assume this means that everyone who opened a high yield CD will continue to receive their interest payments.
Posted on July 12, 2008 by
BankMan
Prospect Mortgage issued a press release yesterday saying it was acquiring Prospect Mortgage's retail mortgage branches.
Posted on July 09, 2008 by
BankMan
Indymac raised the rate on its 12 month CD to 4.30% APY make it the clear rate leader on the BestCashCow rate table.
Posted on June 30, 2008 by
BestCash Admin
IndyMac yesteday raised the rate on their 6 month and 12 month CDs, which are now offering 4% APY and 4.25% APY respectively.
Posted on June 25, 2008 by
BestCash Admin
Indymac just raised their rates on 3 month and 1 year CDs and is currently the rate leader according to the BestCashCow CD Rate Tables.
Posted on June 21, 2008 by
BestCash Admin
After making news as one of the largest bank failures in US history, Indymac is back as a Federal Savings Bank now run by the FDIC. They are looking for deposits. Is there a safer place to put your money than an FDIC run bank? The rates are competitive. Just remember that all bank deposits are insured up to $100,000 per person.
Posted on July 28, 2008 by
BestCash Admin
In the midst of all the turmoil in the mortgage sector -- and all the layoffs -- IndyMac is turning up-stream. While the company laid off some 400 people (about 4% of its workforce) last month, it has turned around entirely at the most surprising time and has hired some 600 people laid off by other mortgage lenders. This is a bold move and suggests that at least one company in the sector is taking a bet on growth and a lessening of the credit crunch. It suggest, moreover, that they are expecting the Fed to drop rates soon, perhaps even sooner than the next meeting.
Posted on August 29, 2007 by
DanS
