4.00% 24-Month IRA CD & 3.20% 18-Month CD at Atlas Savings in New York

Atlas Savings and Loan Association has some competitive CD and IRA CD rates. They're having their best deals on IRA CDs with a 3.40% APY for 1 year, 4.00% APY for 2 years and 4.25% for 3 years. These are available for Traditional IRA, Roth IRA and ESA CDs. Minimum deposit is $2,500. There are also some competitive regular CDs. The best include a 3.20% APY 18-month CD, a 3.04% APY 12-month CD, a 3.61% APY 36-month CD and a 4.18% APY 5-year CD. Minimum deposit is $2,500. These rates are listed in the bank's rate table as of 1/28/09.

It's a small bank with one office in located in Brooklyn, New York. It appears a branch visit may be required to open accounts.

The bank has strong ratings for soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1955 (FDIC Certificate # 30783).

Tags: New York, Atlas Bank, CD rates, IRA rates