5.60% 24-Month / 5.50% 12-Month CD at a New York Bank (LibertyPointe)
Jul 25, 2007 - 8:42 AM by Ken Tumin
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.
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.
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Anonymous - #1, Wednesday, July 25, 2007 - 9:42 AM
Stay away from Liberty Pointe Bank.
Anonymous - #2, Wednesday, July 25, 2007 - 11:17 AM
Liberty pointe has very bad reputation in my area.
They are slow & staff is rude.
nytrader (anonymous) - #3, Thursday, July 26, 2007 - 2:04 PM
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.
Anonymous - #4, Saturday, July 28, 2007 - 9:51 AM
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.
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