Dedicated to Deposits: Deals, Data, and Discussion

2.50% 12-Month CD at Signature Bank in New York City - Local Only

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Signature Bank
Signature Bank is offering a 2.50% APY 12-month CD. Minimum deposit is $5,000. This CD doesn't seem to be listed at the bank's website. A reader commented on this today, and I just called for additional details. It's available as of today (6/10/09), but the CSR didn't know how much longer it may last.

A branch visit appears to be required to open the CD. Branches are located through out New York City.

The bank has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 2001 (FDIC Certificate # 57053).

Thanks to the reader who mentioned this CD and bank in the Daily News & Deals post.

Other High Certificate of Deposit Rates

Unforunately, in today's interest rate environment, it's difficult to find 12-month CD rates over 2.50% at a strong bank.

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.

Related Pages: New York, Signature Bank , CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
As of November 24, 2009 Signature Bank is still offering a 2 year CD with a 2.64% APY. I do not see this listed on the bankdeals site.

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