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A survey of current rates and terms for Netbank.

 
Today's " NetBank CD Rates as of 07/25/07.

NetBank CDs Rate APY*
6-Month CD 5.21% 5.35%
1-Year CD 5.21% 5.35%
18-Month CD 5.26% 5.40%
2-Year CD 5.21% 5.35%
3-Year  CD 5.19% 5.33%
4-Year CD 5.16% 5.30%
5-Year CD 5.12% 5.25%
  


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Beware of Annuities

From Wikipedia:  NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a financial company engaged primarily in retail banking, mortgage banking, business finance and providing ATM and merchant processing services. NetBank was founded in February 1996 and completed its initial public offering of stock in July 1997. It was one of the pioneers of the Internet banking industry, and recognized as one of the first internet-only banks.

Netbank was closed on September 28, 2007 by the Office of Thrift Supervision (OTS) in conjunction with the Federal Deposit Insurance Corporation (FDIC). FDIC insured deposits were acquired by another on-line bank ING Direct. Several shareholders have filed class action lawsuits against Netbank claiming misrepresentation of the company value during the restructuring period.


 


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