5.25% 18-Month / 5.25% 60-Month CD at a New York Bank (LibertyPointe).

Update 1/5/08: The rates have changed. Please check the bank's website for the latest rates.

LibertyPointe Bank is offering competitive CD rates with yields up to 5.25% APY. The short term CDs with terms from 6 to 18 months require a checking account with direct deposit of payroll or government payment to qualify for the 5.25% APY. Without the checking, the yield is 5.00% APY. The longer term CDs have yields over 5% without this checking account requirement. These include a 5.15% APY 3-year CD, a 5.20% APY 4-year CD and a 5.25% APY 5-year CD. These are also available in retirement accounts.

These standard rates are available to customers within the New York, New Jersey and Connecticut area.

I had posted on this bank many times before. They've recently had some nice new-branch specials. The last one I reported on was in November. So if you're near a branch, be sure to check if there's a better CD special available.

Branches are located in New York and Brooklyn, NY. LibertyPointe Bank is a small bank that was established in 2005. The bank is FDIC insured (FDIC Certificate # 58071).

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