Bank of Internet USA is offering a yield of 5.47% APY on a certificate of deposit for terms from 24 to 29 months and from 36 to 47 months. An APY of 5.42% is available on terms from 18 to 23 months. The minimum deposit is $1,000, the maximum deposit is $100K.

Applications can be done online. However, there seems to be no ACH transfer option for funding. The application only has a check or wire option for funding. You can designate payable-on-death ownership with multiple beneficiaries in the application.

BofI is one of the oldest online-only banks. In addition to it’s CDs, it also has some nice checking accounts, especially for Seniors, with a rate of 3.75%. There are no minimum balance requirements or monthly fees. It offers free checks and ATM reimbursements of up to $8/month.

Bank of Internet USA is FDIC insured.