Dedicated to Deposits: Deals, Data, and Discussion

4.05% 12-Month CD at Astoria Federal Savings in New York


Astoria Bank
Astoria Federal Savings Bank is offering a competitive 1-year CD with an APY of 4.05%. Minimum deposit is $500. The 2-year CD is also fairly competitive with an APY of 4.25%. These rates are listed in the bank's rate table as of 12/10/08.

It appears a branch visit is required to open an account. Astoria has 85 branches located in Brooklyn, Queens, Nassau, Suffolk and Westchester.

Astoria has some decent ratings for soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Both ratings are based on 6/30/08 data. The bank has been FDIC insured since 1937 (FDIC Certificate # 29805).

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

Other Top CD Rates in New York:

State Bank of India in New York City had been offering a very high 1-year and 6-month CD rate for the last week (see post). New rates may be posted for today. These CD rates were way above the rates of their competitors, and they were listed on Bankrate. So I would be surprised if they'll be continued for another week.

To find other high CD rates in New York, refer to my New York bank deals page. Nationwide deals are listed in my weekly rate summary. Rates are changing fast, so please check the banks' websites for the latest rates.

  Tags: New York, Astoria Bank, CD rates

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