bank rates

Boost Your MetLife CD Rates With A Code

You may have seen the MetLife ad on Bankaholic, the one boasting 1.30% APY rates on 12-month CDs with a $25,000 minimum deposit.

Insurance giant is offering 1.30% on a 12-month CD.We did, too.

In fact, it really stuck out to us, since we track MetLife’s CD rates daily, and the bank website has long stated 1.25% APY as the rate for that term and deposit amount. The best national available deal is owned by Melrose Credit Union at 1.41% APY.

So, we picked up the phone and talked to a few customer service representatives. (We’ve learned the hard way lately that you can’t be too cautious when it comes to confirming the correct information.)

As it turns out, the rates advertised in the ad and on the MetLife website are both correct.

That 1.30% APY is a special offer that you can only get by applying online through this link or by calling MetLife at 866-226-5638 and mentioning the offer code “SNOOPY12.”

And, that rate is only good for 12-month certificates of deposit opened with new money, or funds from an account held anywhere but MetLife. (So, you can’t renew a maturing MetLife CD and get this rate.)

As typical with special offers, MetLife won’t say how long this deal will last.

Given all of these factors, we’ll continue tracking the 1.25% APY rate for the 12-month term.

But if you feel like jumping through these hoops for an extra 0.05% and have $25,000 to invest, go for it.

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on May 18th at 07:53 am

    You can still get this rate as of May 18, 2011.