4.05% 6-Month CD, 4.25% 12-Month CD and Other High CD Rates at RomAsia Bank in New Jersey

RomAsia Bank has some competitive CD rates. Below is a list of these CD rates as shown in the bank's rate table (pdf) as of 12/04/08:

• 4.05% APY 6-month
• 4.10% APY 9-month
• 4.25% APY 12- & 13-month
• 4.35% APY 18-month
• 4.50% APY 24-month

These rates require a checking/savings relationship. Otherwise, the rates are 1% lower. A reader had mentioned that the free checking qualifies. The initial minimum deposit is $50. Minimum CD deposit is $2,500.

The bank continues to offer a competitive money market account with a top yield of 3.75% APY for balances of at least $25K. A lower yield of 2.75% APY applies to balances from $5K to $25K. These rates are close to what I reported on in July.

A branch visit appears to be required to open an account. The bank's office is located in Monmouth Junction, New Jersey. It's a new bank that was just established with FDIC membership in June (FDIC Certificate # 58702).

Tags: CD rates, RomAsia Bank, New Jersey