Dedicated to Deposits: Deals, Data, and Discussion

4.35% 12-Month CD at Royal Asian Bank in NJ, NY and PA

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Royal Asian Bank is offering a special 4.35% APY one year CD. The minimum deposit is $1,000.

At the bottom of the rate table, it states that "Geographic restrictions apply to state-specific accounts." So it appears this is a local deal. Branches are located in the New Jersey cities of Fort Lee and Palisades Park, in Flushings, New York, and in the Pennsylvania cities of Philadelphia and Upper Darby.

Royal Asian Bank has a 4 star rating (sound) at Bankrate.com based on 6/30/08 data. It's considered a start-up at BauerFinancial without a rating. It was established in July 2006. The bank is a member FDIC (FDIC Certificate # 58196).

Thanks to the reader who emailed me news of this special.

Other High Certificate of Deposit Rates

The best one-year CD that's available nationwide continues to be at Delta Community Credit Union which is offering a yield of 4.50% APY (see post). For online banks, GMAC and E-LOAN are both offering 4.36% APY on their 12-month CDs. For more info on these and other nationwide CD rates, please refer to my weekly rate summary. To keep up-to-date on the latest deals for the day, please refer to my Deals & News of the Day.
  Tags: New York, Pennsylvania, CD rates, New Jersey

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