5.25% 24-Month / 5.05% 12-Month CD at a New York Bank

Feb 28, 2006 - 7:54 AM by Ken Tumin

The State Bank of Long Island is offering some nice yields on its long term CDs which includes a 5.25% APY 24-month CD and a 5.05% APY 12-month CD. Below is the full list:


Term               Rate       APY
12 to 23 Months    4.93%      5.05%
24 to 59 Months    5.12%      5.25%
60 Months          5.16%      5.30%

These certificates of deposit all have a minimum deposit requirement of $2.5K. They are also available in an IRA account with only a $500 minimum.

State Bank of Long Island has 16 branches in Queens, Nassau and Suffolk, New York.

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Anonymous - #1, Tuesday, February 28, 2006 - 12:44 PM

You can get a Israel Bond at 5.4% over a 10 yr period in $2500 increments

http://israelbonds.com/currentrates.html

This rate changes every 10 days and has consistenly been advancing .5% each time.

Here's the prospectus

http://www.israelbonds.com/pro/savings_bonds.pdf

I'd expect it to increase until the end of the year as with all bank rates - probably peak at 6%-7%

5.25% 24-Month / 5.05% 12-Month CD at a New York Bank

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