IndyMac Bank is currently offering some very competitive short term rates, with 5.00% APY for their 3 month CD and 5.05% APY for their 6 month CD. IndyMac has always had some of the highest CD rates available online, but recently after the fed rate cuts they have dropped their rates significantly.

Minimum balance on internet certificates is $5,000. Terms range from 90 days to 5 years. A penalty with be incurred for early withdrawal. Indy Mac Bank is FDIC insured.