Indy Mac Bank currently has a high 5.60% APY promotion on their 5 month CD rate. Here are some of the details for their certificate of deposits.

• Minimum to open is $1,000.
• Terms are from 1 month to 5 years.
• For customized terms, other than those listed above, please call our Customer Contact Center.
• Interest is compounded daily and paid or reinvested into the account monthly or at maturity. The interest rate depends on the term of the CD.
• A penalty will be assessed for early withdrawal.
• For your convenience, your CD renews automatically for the same term at the current rate at that time.

Visit their rate table for more of their current CD rates. IndyMac Bank is FDIC insured.