Dedicated to Deposits: Deals, Data, and Discussion

3.00% 24-Month CD at First Central Savings in New York

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First Central Savings Bank
First Central Savings is offering some competitive rates on its mid-term CDs. These include a 2.50% APY 12-month CD, a 2.75% APY 18-month CD and a 3.00% APY 24-month CD. The 6-month CD rate is a little less competitive, but it's still not too bad at 2.00% APY. Minimum deposit is $500. These rates are listed in the bank's rate table as of 4/20/09.

It appears a branch visit is required to open an account. Branches are located in the New York cities of Glen Cove, Sunnyside, Whitestone, Astoria, Ridgewood, Bayside, Flushing and Forest Hills.

A reader who mentioned these CD rates to me has reported dealing with their Sunnyside branch several times and has been very happy with the customer service.

First Central Savings' ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 stars (lowest) at Bankrate. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1999 (FDIC Certificate # 34969).

Thanks to the reader who emailed me info on this bank.

Other High Certificate of Deposit Rates

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.
  Tags: New York, First Central Savings Bank, CD rates

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