RomAsia Bank continues to have competitive CD rates. Below is a list of these CD rates as shown in the bank's rate table as of 3/20/09:
- 2.50% APY 6-month
- 2.75% APY 9-month
- 3.00% APY 12-month
- 3.25% APY 18-month
- 3.30% APY 24-month
- 3.75% APY 30-, 36- & 48-month
The bank continues to offer a competitive money market account with a top yield of 3.00% APY for balances of at least $25K. A lower yield of 1.50% APY applies to balances from $5K to $25K. In December the top rate had been 3.75% APY.
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 2008 (FDIC Certificate # 58702).
Other High Certificate of Deposit Rates
There's another New Jersey bank that has even higher CD rates than RomAsia. It's First Bank which is located in Williamstown and Lawrenceville, New Jersey. First Bank continues to offer a 3.50% APY 12-month CD and a 3.00% APY 9-month CD as of 3/20/09 (see post).
For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.