6.00% 5-Month CD at a New Jersey Bank (Valley National)

Valley National Bank is offering a 6.00% APY 5-month certificate of deposit. It requires a checking acocunt with direct deposit. Without this the APY is 5.50%. The minimum deposit is $500 and the maximum is $500K. This CD special isn't listed at the bank's website. It was advertised in a New Jersey newspaper. The ad is available online here. According to the service rep, any of their checking accounts will qualify. Note these do have monthly fees if minimum balances are not maintained.

The special is only available at the bank's Highlands and Keansburg branches.

The bank has been FDIC insured since 1934.

Tags: Valley National Bank, CD rates, New Jersey