Asian Bank is offering a competitive 15-month CD special with a 2.65% APY. Minimum deposit is $1,000. This rate is listed at the bank's promotions page as of 6/16/09
It appears a branch visit is required to open an account. Asian Bank is a one-office bank located in Philadelphia, Pennsylvania.
The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 3/31/09 data) and 2 stars (below peer group) at Bankrate.com (based on 12/31/08 data). As I recommend with any bank, make sure you stay below the FDIC limits. Asian Bank has been a FDIC member since 1999 (FDIC Certificate # 34759).
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