Dedicated to Deposits: Deals, Data, and Discussion

5.60% 24-Month / 5.50% 12-Month CD at a New York Bank (LibertyPointe)

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LibertyPointe Bank is offering 5.60% APY on a 2 and 3 year certificate of deposit. There's also a 5.50% APY 1 year CD. The minimum deposit is $1,000. These rates also apply to IRA's.

My last report on this bank was in May. At that time the 2 and 3 year CDs had yields of 5.50%.

According to the website, the rates are only for customers in New York, New Jersey are Connecticut.

LibertyPointe Bank is a small, one-office branch located in New York city. The bank is FDIC insured (FDIC Certificate # 58071). It was establised in 2005.

  Tags: New York, CD rates, New Jersey, IRA rates, Connecticut

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Comments
4 Comments.
Comment #1 by Anonymous posted on
Anonymous
Stay away from Liberty Pointe Bank.

1
Comment #2 by Anonymous posted on
Anonymous
Liberty pointe has very bad reputation in my area.

They are slow & staff is rude.

1
Comment #3 by nytrader (anonymous) posted on
nytrader
I don't care much for the bank as per say; but they do have another branch in Boro Park Brooklyn. They are a small bank and i wouldn't keep any amount over the FDIC limit if I was to open an account there.

1
Comment #4 by Anonymous posted on
Anonymous
I previously requested a CD account application from a CSR at this bank, which I never received. My experience with Liberty Pointe seems to be consistent with the tenor of the other comments posted regarding this bank.

1