Indymac Bank is currently listing a yield of 5.75% APY for balances over $25,000 on its Internet First Rate Money Market account. Balances between $1k and $25k only earn 1.70% and 1.80% so you definitely want to make sure your balance stays above $25k. Standard features that are listed at the website include:

• $1,000 minimum to open
• $1,000 minimum balance to earn interest and to avoid $7/month fee
• Three checks per cycle allowed
• ATM access is available. No ATM charges by Indymac, but no refunds of other banks’ fees.
• No bill pay or Visa check card available
• May not be available in all states

For more information on fees, check the IndyMac Bank fee page.

Indymac also has some very competitive CD rates. The 5 and 12 month CDs have a yield of 5.55% APY. The minimum deposit is $5,000.

Bankrate.com’s review gives Indy Mac Bank a 2/5 star rating. IndyMac is FDIC insured.