5.60% 8-Month / 5.65% 16-Month CD at Banco Popular New York

Banco Popular is having a CD special in its New York branches. The bank is offering a 5.60% APY 8-month CD and a 5.65% 16-month CD. There's also a 5.25% APY 3-month CD. These have a minimum deposit of $1,000 for a regular CD and a $500 minimum for an IRA certificate. The maximum deposit is $250K. CDs with terms under 12 months have an early withdrawal penalty of 30 days of interest. The penalty for terms of 12 months and over is 90 days of interest.

This CD special is not listed at the bank's website, but was advertised in several New York newspapers. According to the customer service representative, these specials are only for Banco Popular's New York branches. The CSR wasn't able to say how long this special would last. The bank also has branches in California, Illinois, New Jersey and Texas. On June 29th, I posted on a 5.50% 8-month / 5.75% 16-month CD special at the bank's California branches.

Banco Popular is FDIC insured. Bankrate.com gives the bank 3 out of 5 stars for its safe and sound rating (performing). It is a major bank with over $12 billion in total assets.

Thanks to the reader who mentioned these specials in the finding deals post.