Dedicated to Deposits: Deals, Data, and Discussion

2.22% 12-Month CD at LibertyPointe Bank in New York - NY, NJ & CT Residents Only


LibertyPointe Bank is offering some competitive CD rates. These include a 2.22% APY 12-month CD, a 2.27% APY 18-month CD and a 2.32% APY 24-month CD. Minimum deposit is $1,000. The rates are also available for IRA CDs. These rates are listed at the bank's rate table as of the morning of 7/22/09.

In the rate table it states that the accounts are for NY, NJ and CT residents only.

It has been a while since my last post on this bank. I had covered the bank several times in 2007 when they had CD rates over 5%. They often had branch specials, so if you're near a branch, be sure to check if there's a better CD special available. Branches are located in New York and Brooklyn, NY.

LibertyPointe Bank's ratings for safety and soundness are weak: 1 star (troubled) at BauerFinancial and 1 star (lowest) at Both ratings are based on 3/31/09 financial data. As I recommend with any bank, it's best to keep below the FDIC limits. The bank has been a FDIC member since 2005 (FDIC Certificate # 58071).

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  Tags: New York, CD rates, New Jersey, IRA rates, Connecticut

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