Dedicated to Deposits: Deals, Data, and Discussion

5.70% 24-Month / 5.70% 36-Month CD at a New York Bank (LibertyPointe).


LibertyPointe Bank is offering several high yield certificates of deposit. These include a 5.70% APY 24/36-month CD, a 5.60% APY 18-month CD and a 5.50% APY 12-month CD. The minimum deposit is $1,000. These are available as regular and IRA CDs.

I first reported on CD specials at LibertyPointe Bank in July when it was offering a 6% 12-month CD. I called yesterday, and the service rep stated that a branch visit is preferred but not required. They may be able to accept applications by mail including from out-of-state. Note, small banks often change this policy. The rates should remain valid at least through next week. Early withdrawal penalty for CDs with terms over 12 months equals 6-months of interest.

LibertyPointe Bank is a small, one-office branch located in New York city. The bank is FDIC insured. It was establised in 2005.

[Update 4/5/07: Rates have dropped: 5.25% APY 36-month and 5.20% APY 24-month]

  Tags: New York, CD rates

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Comment #1 by Banking Guy (anonymous) posted on
Banking Guy
A reader provided the following comment in the finding deals post:

LibertyPointe Bank is offering 5.70% apy 2-year and 3-yr CDs... both IRA and non-IRA. This is applicable to NY, NJ, and CT customers only. They are FDIC insured (Cert: 58071). They can be found at

Comment #2 by Anonymous posted on
FYI, as of April 5th, the rate is dropped to 2 yrs has 5.20% APY and 3 yrs has 5.25% APY.

Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. I've updated the post. I guess all good things eventually come to an end. Perhaps we'll see more specials from them in the future.