4.75% 60-Month CD & 4.00% 36-Month CD at Ponce De Leon Federal Bank in New York City

Ponce De Leon Federal Bank is offering several competitive CD rates. These include a 4.75% APY 60-month CD, a 4.00% APY 36-month CD, and a 3.75% APY 24-month CD. Minimum deposit is $500. These rates are listed in the bank's rate table as of 1/13/2009. I called the bank late yesterday, and I was told these rates are still valid. However, they update rates on Wednesdays, so these may not last much longer.

A branch visit is required. Branches are located in Bronx, Manhattan, Brooklyn, Astoria and Jackson Heights, New York, and in Union City, New Jersey.

The bank has some solid ratings for soundness: 4 stars (sound) at Bankrate and 3.5 stars (good) at BauerFinancial. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1960 (FDIC Certificate # 31189).