5.75% 6-Month / 5.75% 18-Month CD at a New York Bank (Park Avenue)

The Park Avenue Bank is offering a 5.75% APY 6-month CD and a 5.75% APY 18-month CD. The minimum deposit is $1,000. These certificate specials are no listed at the bank's website. I read about it on the FW CD thread, and I called the bank for further details. I was told that the 6-month CD special should last through the end of the year. The CSR wasn't sure how long the 18-month CD special would last. The bank does require a branch visit to open these CD's, and these CD's are not available in an IRA.

The bank has four branches in New York City and Brooklyn. The bank has been FDIC insured since 1987. It has a safe and sound rating of 3 out of 5 stars (sound) at Bankrate.com.